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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: 0.56
Bid: 0.552
Ask: 0.586
Change: -0.006 (-1.06%)
Spread: 0.034 (6.159%)
Open: 0.552
High: 0.56
Low: 0.552
Prev. Close: 0.566
KEFI Live PriceLast checked at -

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AIM WINNERS & LOSERS: K3 Capital jumps on positive outlook

Wed, 14th Apr 2021 11:42

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

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AIM - WINNERS

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K3 Capital PLC, up 12% at 348.75 pence, 12-month range 125.22p-355p. The professional advisory services firm says it made a strong start to the second half and is trading ahead of expectations. For financial year ending May 31, K3 Capital expects revenue to be in region of GBP45 million, which would be up from just GBP15.0 million in financial 2020, and Ebitda to be GBP13.3 million, up from GBP6.8 million.

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Immotion Group PLC, up 7.4% at 5.8p, 12-month range 1.6p-5.8p. The entertainment group's Uvisan division is to supply UV-C disinfection cabinets to Aardman Animations studios.

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Oracle Power PLC, up 7.3% at 0.56p, 12-month range 0.43p-1.24p. The natural resources and power project developer says the first quarter has been a period of increased activity in its jurisdictions and has set the pace for a highly productive 2021. Has made "meaningful progress" with Thar Block VI Project in Pakistan.

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AIM - LOSERS

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W Resources PLC, down 17% at 8.51p, 12-month range 7.66p-27.4p. The tungsten, tin and gold mining company says for three months to March 31 in La Parrilla mine, Spain, tungsten output was down 27% at 63.5 dry metric tonnes from 100.0 tonnes last year and tin production down 13% at 28.9 dry metric tonnes from 33.4 tonnes. Says period was hurt by both the plant improvement shutdown and the unseasonal weather conditions, which prevented access to high grade ore areas.

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Kefi Gold & Copper PLC, down 17% at 1.86 pence, 12-month range 0.6p-2.99p. The gold explorer releases quarterly operational update saying project in Ethiopia remains on track to start production commissioning in the fourth quarter of 2022. Company starts preliminary feasibility study at joint venture-owned Saudi Arabia project, with development potentially starting in 2023.

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Borders & Southern Petroleum PLC, down 7.8% at 1.25p, 12-month range 0.1p-2.9p. The oil and gas company posts narrowed full-year loss, though cautions it may need to raise additional capital in the coming year. The company's pretax loss for 2020 was USD1.0 million, slimming from USD1.4 million in 2019. Borders & Southern says: "With a decreasing cash balance, and in the event that market conditions prevent us from sourcing partner funding, it may be necessary to raise additional capital in the coming year."

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Kefi reports progress on Tulu Kapi Gold Project

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

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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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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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