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Looks like another gold price spike at the moment https://goldprice.org/ maybe kefi should at least raise it gold price estimate to 2000 dollars an ounce.
Meanwhile gold near all time highs and kefi still have three main mining prospects.
https://goldprice.org/
If your style is an investor and not a day trader and you are selling you are betting that kefi will not be able to get any of its prospects off the ground if you are holding or buying you are betting they will.
As for the people that are not are not any of those things they will disappear again on any kefi share price climb as usual.
https://www.***************************/kefi-gold-and-copper-raises-5-million-for-launch-of-tulu-kapi-gold-project/4121146173
guess actual shareholders more confident than people with no skin in the game. where the company did get it wrong it could have raised more money from shareholders rather than a placement with probably a less of a discount maybe replacing the placement totally if organised differently with people having more notice and more than a couple of hours to invest and less confusion over the offer.
"the company is pleased to announce that the retail offer via primarybid is successfully completed and has now closed. from the retail offer, the company has raised gross proceeds of approximately £495,916"
Worst case is kefi hovers around the placing price which is still higher than when TCM predicted imminent doom before he went missing while the share price climbed 40 percent plus.
After that should have more Saudi news this month and should get an update on TK as do not think we are as far away as some people think.
Meanwhile your going to have the background of a high gold price and lack of fear about a placing as it would have happened. Share price could easily be back at around the .8 level within a week or two.
"Public record that Artar decided to support kefi rather than play hardball and buy Kefi out so the whole argument is kind of how many angels can dance on a pin.
Obviously does not make sense for Artar to kill the goose that is laying the golden eggs discovery wise and replace them with someone that may or may not make the same level of discoveries and will want a slice anyway.
So the value of the Saudi side to kefi is down to the discoveries they make though if you are trading in and out of kefi you might be hoping kefi drops the ball at least long enough so you can get in at nice price. Then of course suddenly kefi will be the best thing since slice bread till you have sold and want to get back in again."
Dv see this as bridging finance till the TK finance, company would have been squeezed by work taking place on the ground at TK while at the same time more drilling in Saudi . Think they simply run out of time with arranging to cover the gap.
Smellyben you just talk your own book depending on whether you are invested at a particular time or not you have happily ramped or deramped depending on that in the past. I fully expect you to buy in again here in the future if you follow events then suddenly kefi will be a great company and you are a genius for buying back in.
People have the opportunity to buy at primary bid but not a lot of time. SP might dip to the placement price but would expect a quick bounce back as think the company would have gone for more money if a deal was far off, there will not be a fear of a placement any more and gold price is on a tear.
Fantasy think where the company has fallen down is not sourcing Saudi money on the back of progress there but maybe they were doing that and ran out of time. Electric think the company was trying to hang on otherwise it might have gone for a placing around January and would not have come to an arrangement with Artar.
/views/73319/kefi-placing-a-primary-bid-offer-you-really-should-take-up-at-06p-fyb
"Kefi Gold & Copper (KEFI) was in talks with a financier to tide it over until the bank funding for Tulu Kapi arrived but time pressed on and so, after hours there is an RNS. There is a placing and a Primary Bid offer to raise up to £6 million at 0.6p, the shares closed at 0.78p. After then there should be no more dilution at a PLC level and the shares do look very cheap so take up that offer TONIGHT at Primary Bid, registering HERE."
Https://www.kefi-goldandcopper.com/files/announcements/kefi-placing-and-general-meeting-4march2024.pdf
Should have kept their nerve and let the warrants come into play but its only for a relatively small amount.
Https://www.youtube.com/watch?v=f-_ZuUZ29Vk
Robert Friedland 4 hours 18 minutes in.
Slide 13 shows Harry but slide 15 spotlight on Northeast Africa Kefi:Early mover in Saudi Arabia and now Ethiopia.. its John leach maybe a last minute change in who will be a speaker? Interesting that Harry is prominently highlighted on the document though not sure if the aaa@kefi-minerals.com is correct maybe haa@kefiminerals.com would make more sense.
Could not find anything to suggest that Kefi area sponsor or have a booth there. Looking back kefi has attended before buy not always.
Great find by Ham.Makes sense for Ivanhoe and Maaden to look at the what kefi has done as both are working in the Wadi Bidah mineral district and it is one of Ivanhoes priority districts and kefi has made a lot of discoveries there.
From kefis perspective any discoveries by Ivanhoe in the same area likely to get more publicity that can in turn boost kefi share price as kefi discoveries not really reflected in the share price at the moment.
https://ivanhoeelectric.com/news/ivanhoe-electric-and-saudi-arabian-mining-company-maaden-receive-initial-results-from-the-first-typhoon-survey-in-saudi-arabia/
https://www.kefi-goldandcopper.com/projects/saudi-arabia/hawiah
https://www.kefi-goldandcopper.com/files/announcements/kefi-abu-salal-discovery-19feb24.pdf
“Later this quarter we will be issuing an update on Hawiah and Al Godeyer following the positive work programmes that have taken place. The metal content already reported at Hawiah is the gold equivalent of the Company’s other development assets (Tulu Kapi in Ethiopia and Jibal Qutman in Saudi Arabia)”
https://www.mining.com/ivanhoe-electric-jv-kicks-off-saudi-exploration-campaign/
“Wadi Bidah is located between 220 and 270 km southeast of Jeddah and about 50 km north of Ma’aden’s Al Hijar gold mine, also not included in JV. This area has relatively limited data with its more challenging topography and local communities impacting both airborne and groundwork. The Bir Umq belt is also largely unmapped and unexplored. These two belts will become the focus of exploration activities in mid-2024.”