RE: Hold for gold?21 Oct 2025 12:44
Not sure if this has been posted already.
KEFI (KEFI), a gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia, provided an update on the continuing progress of the Company’s high-grade/high-recovery Tulu Kapi Gold Project. US$240 million Project debt capital has been formally offered and accepted, having been signed by both co-lenders and by KEFI on behalf of its group of companies.
Author @ZaksTradersCafe
Comment: KEFI finally delivers the big RNS many doubted it could achieve. The irony is that some of the greatest celebrations yesterday were from those who doubted this would ever happen, or perhaps hoped it would not. The dip in the stock is / was rather less than one would have expected in a typical “better to travel than arrive” although the best part of the journey is still to come.