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Pin to quick picksKefi Gold Share News (KEFI)

Share Price Information for Kefi Gold (KEFI)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 0.552
Bid: 0.554
Ask: 0.568
Change: 0.012 (2.22%)
Spread: 0.014 (2.527%)
Open: 0.54
High: 0.56
Low: 0.54
Prev. Close: 0.54
KEFI Live PriceLast checked at -

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AIM WINNERS & LOSERS: Feedback's AWS deal; Tungsten settles claim

Mon, 13th Dec 2021 10:43

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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eve Sleep PLC, up 16% at 2.90 pence, 12-month range 2.40p-9.50p. The London-headquartered sleep wellness brand says it is on track for a second successive year of revenue growth in-line with market expectations. Even against tough comparatives, November e-commerce annual sales order growth was 4%. Versus pre-Covid times, it was up 64%. November included the crucial Black Friday period. "eve's supply chain has held up well, supported by careful planning and strong relationships with European suppliers and delivery partners, as well as the focus on mattress manufacturing with third party providers in the UK and Belgium," the company explains.

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Kefi Gold & Copper PLC, up 11% at 1.13 pence, 12-month range 0.80p-2.50p. The company's Gold & Minerals Ltd joint-venture has been awarded two additional exploration licences in Saudi Arabia. The Al Godeyer and Al Godeyer East licences have been granted for an initial five-year term. The new licences are a "significant step" for plans for the wider Hawiah project.

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Feedback, up 8.6% at 0.88 pence, 12-month range 0.60p-1.57p. The medical imaging software company announces it will team with Amazon Web Services to provide cloud-based tuberculosis screening services in India. AWS will provide "non-equity funding" for initial hosting costs, Feedback explained.

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AIM - LOSERS

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Tungsten Corp PLC, down 22% at 25.72p, 12-month range 22.00p-41.00p. The London-based digital financial management products provider agrees to pay USD1.5 million, plus USD513,000 in legal fees to settle an employment claim in the US. The invoicing platform denies allegations made in the claim but said a settlement "is in the best interests of the company and its shareholders". In addition, Tungsten posts interim results for the six months to October 31. Revenue increases 1.7% year-on-year to GBP18.3 million from GBP18.0 million. Tungsten swings to a pretax profit of GBP600,000 from a GBP30.5 million loss.

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Purplebricks Group PLC, down 21% at 25.09p, 12-month range 24.46p-112.77p. The lettings management business estimates that it will need to take a provision of between GBP2 million and GBP9 million. This is in relation to how it has been communicating with tenants on behalf of landlords over deposit registrations. "The company believes that it is prudent to provide for any potential future claims which could arise under the Housing Act in relation to this regulatory process issue," the firm cautions. It is in the process of finalising the level of provision and will therefore delay its results for the six months ended October 31. They were due to be published on Tuesday.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Kefi Gold announces significant discovery in Saudi Arabia

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Kefi Gold & Copper up after further discovery by Hawiah joint venture

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Kefi reports progress on Tulu Kapi Gold Project

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Kefi Gold & Copper shares up as Tulu Kapi prepares for launch

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AIM WINNERS & LOSERS: Kefi jumps as Tulu Kapi funding closer

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Kefi Gold & Copper says Jibal gold project making "excellent progress"

(Alliance News) - Kefi Gold & Copper on Tuesday said that its Saudi gold development project was "starting to shape up its plans for production", after recent drill works revealed a high-grade deposit.

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IN BRIEF: Kefi says Tuly Kapi project progressing towards launch

Kefi Gold & Copper PLC - Cyprus-based gold exploration company, focused on assets in Ethiopia and Saudi Arabia - Says its Tulu Kapi gold project financing agreements are in "near-final form". This comes after Kefi Gold reported earlier this month that its lead lender had approved a conditional final credit committee. The company said that the USD320 million financial packages will go towards its "shovel-ready" Tulu Kapi project in western Ethiopia. The project has already received approval from "key syndicate members", the company said, and Kefi believes that reported actions by the Ethiopian Government indicate its assent. Adds that its 25% owned Jibal Qutman gold and Hawiah copper-gold development projects are undergoing feasibility studies. Kefi also says it is targeting the launch of the projects.

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Kefi Gold receives lender approval for Tulu Kapi gold credit committee

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IN BRIEF: Kefi Gold & Copper shares rise as regulatory issues resolved

Kefi Gold & Copper PLC - Ethiopia and Saudi Arabia-focused gold exploration and development company - Receives formal confirmation from the National Bank of Ethiopia of details for the operation of offshore banking by its operating subsidiary Tulu Kapi Gold Mines Share Co and its project finance banks. Says this clarifies the operational details for the implementation of the policies set out in the recently published National Bank of Ethiopia Directives, waiving mining projects from foreign exchange control and capital controls. As a result, Tulu Kapi is now fully-permitted, with only procedural administrative confirmations remaining. Consequently, the project finance banks can proceed to final credit approval for the project's USD190 million secured debt package. Upon approval, the project's debt terms will have been resolved, as will the structure of the overall USD390 million finance plan. Notes this is a "pivotal" formal step for project launch. Expects full project launch to begin in the current quarter.

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