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Kefi Gold & Copper (KEFI) states that it “is pleased to announce that the updated US$320 million Tulu Kapi gold project costings and finance plan has now been agreed by all the Tulu Kapi syndicate lead contractors, investors and lenders. It is currently being processed for final reviews and entry into definitive documentation to be signed as soon as possible, with the expectation to achieve this next month”. Is this though what was expected at this point?

NEWSFLOW

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In October Kefi Gold & Copper (KEFI) announced, in another delay, that it would get financial sign off for its Tulu Kapi scheme in “mid November”. Today, on the 14^th, some of my fellow shareholders are cacking their pants. Why? Just how dim are you?

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Kefi Gold & Copper (LSE:KEFI), a gold and copper mine developer with projects in Ethiopia and Saudi Arabia is a company whose shares we think could double by Christmas and here is why.

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Kefi Gold & Copper (KEFI) has announced that it “is extremely pleased to note the announcement of a permanent end to hostilities in Northern Ethiopia and expresses its determination to do whatever is possible within its business mandate to contribute to the economic recovery plans set by the Ethiopian Government”. We suggest the news bodes very well for near-term progress of the Tulu Kapi gold project for the company.

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Kefi Gold & Copper (KEFI) has issued a “Significant Progress in Ethiopia”-titled announcement and the shares have currently responded up to 0.62p. They have not responded further higher (yet) since there are some short-term negatives in the announcement too, but overall there is still progress towards what we consider will be significant share price catalysts in the near-term.

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Kefi Gold & Copper (KEFI) states that it “is pleased to note a widely publicised request for a permanent ceasefire by the Tigrayan rebel leadership in Ethiopia”, viewing it as a positive development for the country and the company's Tulu Kapi gold project.

NEWSFLOW

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Kefi Gold & Copper (KEFI) states that, via its 30%-owned joint venture in Saudi Arabia, it “is pleased to announce positive licencing progress on the Jibal Qutman project, plus the award of two further exploration licences”. So what of a current 0.60p to buy share price?

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Kefi Gold & Copper (KEFI) has announced the award of two additional exploration licences on initial five year terms through its 30% joint venture in Saudi Arabia and that “positive progress has been made in discussions with the Deputy Minister for Mineral Resources relating to the Jibal Qutman project - anticipated resolution in the current quarter”, as well as a quarterly 'operational update'. What of the shares having responded up to 0.65p to buy?