The thing with lloyds at the moment its very volatile due to day traders its one of the highest daily traded shares currently so either you join the band wagon or you just sit back and wait for things to pan out. Personally im just gonna keep topping up every time it dips .
Been reading this board daily only post when i have something to say people are talking about the price we fight against the shorters on a daily basis they have there idea we have ours but as a long term holder its a bidding war trying to keep those buys coming in and outweighing the sells to try and keep the price going south but i personally think watching this board there is a hell of a lot of people with and gaining a lot of faith in this company and it will take a lot more than shorters to bring us down and i also take this chance to thank the lti on this bb as you are also helping me and everyone else trying to give us all a better life .
NewsKEFI Minerals Continues Development Of Projects; Cuts Costs Amid Virus(Alliance News) - KEFI Minerals PLC on Thursday said it was focused on its projects in Ethiopia ... Alliance News15 May, 2020 | 12:00PMEmail Form (Alliance News) - KEFI Minerals PLC on Thursday said it was focused on its projects in Ethiopia and Saudi Arabia during the first quarter of 2020.
The gold exploration & development company said it is focused on two targets during the lockdown period: allow major site activities to start for Tulu Kapi gold project in Ethiopia from October and to deliver a maiden mineral resource for the Hawiah project in Saudi Arabia in mid-2020.
On Monday, KEFI arranged an equity placing for GBP3.7 million to maintain Tulu Kapi project preparations despite the challenges created by Covid-19, including the delays in project-level equity funding from the Ethiopian private sector.
The placing proceeds will provide KEFI with the funds to enable the closing of the USD260 million project financing of Tulu Kapi.
In addition, KEFI said it has reduced its short-term expenditure due to Covid-19. This includes diluting from 38% to 34% of Saudi joint-venture company Gold & Minerals Ltd by not contributing its pro rata share of expenses.
The KEFI board and senior executives, meanwhile, decided not to draw any salaries in the year to date and implement salary reductions by senior management of 25% from the start of 2020.
Turning to Hawiah copper-gold-zinc-silver exploration prospect, KEFI said drilling continues at the site and the current phase will be completed later in May. The results will then be assessed with a view to reporting a maiden mineral resource in mid-2020 and conducing a preliminary economic assessment.
"The current gold price has highlighted the strong investment case for Tulu Kapi to both investors and the Ethiopian government. The outlook is for the gold price to continue to increase as interest rates remain near zero and Covid-19 responses increase government debt to unprecedented levels," said KEFI Chair Harry Anagnostaras Adams.
He added: "We are also encouraged by the results to date of our ongoing drilling programme in Saudi Arabia, which has encountered drill intercept grades of up to 5% copper-equivalent this year."
KEFI shares were trading 8.1% higher on Friday in London at 0.81 pence each.
By Evelina Grecenko; firstname.lastname@example.org