Market's view on Kefi Gold
Published on April 2024
- There are job advertisements that suggest potential developments at Tulu Kapi Gold Mine, with a key position being the Project Manager for construction, indicating progress in the project’s timeline.
- Doubts are expressed about the authenticity of the job listings, suggesting they might be a deceptive tactic by HAA.
- It’s noted that metals like copper are attracting interest from major companies, suggesting potential future interest in companies like KEFI from larger industry players.
- KEFI plans to become a mid-tier producer with three projects in production by 2026, aiming to close project financing within three months and start construction within six months.
- A stock watcher comments on restrictions faced by institutions regarding investment in companies with a market cap under a certain threshold, which affects KEFI’s current investment potential.
- Skepticism is shared regarding the actual progress at KEFI, referencing a history of delays and unmet expectations.
- Concerns are raised about potential manipulation behind the recent job advertisements, though others find the news encouraging and consider increasing their investment based on this information.
- The significant milestone of signing the final umbrella agreement for KEFI is mentioned, highlighting the ongoing preparations for construction slated for Q4 2023.
- Frustration is voiced over continued delays and the lack of visible financial backing for the projects, despite ongoing job advertisements related to the Tulu Kapi project.