Very positive funding news8 Jan 2017 14:33
The interesting part in that link is where it mentioned - "The Government has welcomed KEFI’s invitation to increase its equity above the USD 20 million committed to date and the discussion will be concluded soon,” the company said.The Government has welcomed KEFI’s invitation to increase its equity above the USD 20 million committed to date and the discussion will be concluded soon,” the company said.
This is a positive sign from the Ethiopian Government, they obviously trust kefi an that they are serious about investing in mining . They obviously know the potential of Tula Kapi, but more importantly, the potential of the other areas that they have asked Kefi to explore.
On Friday a great 12.9% increase in the sp. How much further will this rise now that the Govt is keen to invest more than $20million!!
This is our year !!