Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Minerals LSE:KEFI London Ordinary Share GB00B1HNYB75 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.005p +0.97% 0.52p 0.51p 0.53p 0.52p 0.515p 0.515p 15,400,818 09:55:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.2 -0.2 - 20.19

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Date Time Title Posts
26/8/201608:52Kefi Minerals-2010 and into the Kingdom of Saudi Arabia50,036
15/8/201617:53Kefi Minerals11,236
14/4/201614:42Kefi Minerals-Moving into the Kingdom of Saudi Arabia30
14/4/201610:33Pumpkin Head - Kefi flying8

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Kefi Minerals (KEFI) Top Chat Posts

Kefi Minerals Daily Update: Kefi Minerals is listed in the Mining sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Minerals was 0.52p.
Kefi Minerals has a 4 week average price of 0.54p and a 12 week average price of 0.54p.
The 1 year high share price is 0.75p while the 1 year low share price is currently 0.26p.
There are currently 3,882,920,433 shares in issue and the average daily traded volume is 9,336,240 shares. The market capitalisation of Kefi Minerals is £20,191,186.25.
goatherd: The problem, I believe, is that the Board is not particularly interested in the current share price - they are, of course, interested in the final share price - and I think they have not really looked at the share price implications on dilution. Wendy Durham alwats used to say all directors of AIM companies should be required to undertake a course on share trading! The easiest way they could get the price up would be to release the "incredible numbers" on Hawiah [which I think they were on]. They say they have not as they did not want to help their competitors. That might have been camouflage re the access problem; but that should no longer apply. However it could be on ARTAR advice, which they would have to take seriously. Competition hardly applies to getting further exploration licenses as we have plenty; however they might be worried that the first applicant rule might be breached, and we do not want to risk losing any. If Hawiah is as good as we expect I would rather have 30% dilution than risk access problems and risk losing some of of EL-applied-for sites. We should get Hawiah drilling results before too long - any ideas anyone?
markb125: HB What is the KEFI share price focast now with a bull gold price of $1350-1400/ oz Mx I need a little cheer up my wife's been sold !
goatherd: Today's news says that the government of Ethiopia is paying $20m dollars for 20% share in "TK". It is important to note that this is a share in Ethiopia only - it does not dilute the KEFI shares at all. This clearly values TK at $100m [as the RNS said]. The Ethiopian government now has a 25% share [they previously had a 5% free carry]; so Kefi has 75%. Accordingly KEFI's share is worth $75m. Kefi has 3,411m shares - fully diluted. So each share "owns" a share in TK worth 1.35 p - or 2.6 times the current share price. So you can buy at a 60% discount to what the Ethiopian government paid. Of course IMHO the real value in KEFI comes in Saudi Arabia. TK is just a nice bonus, importantly producing a $50m + cash stream starting late next year, which will fund Saudi exploration and perhaps a dividend.
estseon: Something will need to be done to enable the market to properly value the company. I've suggested floating off KME under a new holding company with Kefi shareholders receiving [90% of] KME holding company shares by way of a demerger distribution and Kefi placing, say, 10% of that new holding company for cash. Looking at the NPV calculations and assuming that the gold price returns to $1250 or above, KME holding co shares might start trading at up to 2.5p. Kefi PLC would have cash from the placing and the KSA operations. Pre the acquisition of TK, Kefi was trading above 2p or 0.35p, adjusting for the dilution since. As Kefi has acquired the Hawiah EL since then and has made some progress on JQ, a price for PLC of a bit above the current price for the combined operation could be justified. With KME relieved of any dilution (assuming that "fully funded" means that) and PLC relieved of the need to make any further raisings before doing a lot of drilling on Hawiah, a restructuring might remove the blight that is holding back the share price. As Union said, a 1 for 10 consolidation would make the share capital of both companies look less like the UK national debt.
mab: goneawol It is unusual for small caps to have such a large issue of shares but share price appreciation is much more to do with profits, low debt, good ROE, cashflows which kefi is years from still and is reflected in the share price accordingly. However in five years time when the price of gold is back to $1800 and kefi has tk, jibal and hawaih on stream spitting out cash, AND paying dividends then maybe harry can start buying back shares with excess cashflows ;-) The other side of the coin is gold $750 in 5 years time, kefi share price down another 95% from current levels or delisted! They don't come packaged with more high risk/reward than junior golds! place yer bets!
goatherd: Tops, You should try reading my posts before replying to them! I choose my words with care! I did not say price does not matter - though I certainly think it matters less than you do! I merely said that I did not agree that the gold price going up 5% [which I welcome] did not lead me to expect the Kefi share price to increase daily. "We are not producing any so why should the price matter?" was merely an expression of how the market views things. And I would accept that I did not choose my words well there. Inverted commas would have made it clearer.
n_w_b: $4m is less than the $5m Edison recently suggested would be required Edsion note from 11th Nov : Valuation: 43.6% IRR in sterling terms over 12 years Our current valuation of KEFI is 2.34p/sh, based on the net present value of (maximum potential) dividends payable to shareholders as a result of an investment into the company at the prevailing share price of 0.38p. This rises to 3.42p/sh in FY19, when the first potentially substantive dividend is payable, and equates to a resource multiple of US$66.32 per attributable in-situ resource ounce. However, KEFI estimates that its cost of discovery of resource ounces is less than US$10/oz overall and less than US$5/oz in Ethiopia. As such, rather than remaining a single-asset company, KEFI’s strategy is to selectively leverage its cash flow into exploration. Contingent on its being successful, we estimate that KEFI’s share price could rise as high as 5.61p in FY19 (which would put it on a contemporary P/E ratio of 4.9x FY19 EPS and an average of 6.4x FY18-26 EPS). ... The company is considering several options on sequencing its development funding but for the purposes of our valuation, we have assumed one further equity raise of US$5m in FY15 at the prevailing share price.
soul limbo: "constantly posted articles here warning of higher US rates, stronger Dollar and a lower Gold price." as opposed to rose tintys, over the past 4+ years, constantly ramping KEFI share price was going to be 10p, 20p, 30p, 40p, 50p..... even £1 not to forget all the b/s that gold price was going to zoom to $10,000... when gold bulls were frothing at the mouth.
tim_the_trout2: Hi Estseon I'm not concerned what the Stockmarketwire says, just reporting it. I appreciate you can make a paper profit whilst Revenues were nil but Kefi share price won't move northwards until we either start to produce or exiting news comes from Hawiah. I'm prepared to wait for both. TTT
estseon: I don't think that anyone was realistically expecting a linear correlation between Kefi share price and time. Movement in the share price will be event driven and we are awaiting the relevant events. Whether the market will react to the events in the manner hoped is, of course, quite another matter. But if Kefi continues to pile on value it will eventually. The trigger might then be quite inconsequential. That is why the only sensible strategy is to hold.

Kefi Minerals (KEFI) Latest Trade

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Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 200,000 0.51 26 Aug 2016 16:17:42 GBX
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