Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Minerals LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 1.7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.025p 4.75p 5.30p - - - 121,131 08:42:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.2 -0.0 - 16.72

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Date Time Title Posts
23/6/201707:50Kefi Minerals-2010 and into the Kingdom of Saudi Arabia51,896
20/12/201621:16Kefi Minerals11,334
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 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 5.03p.
Kefi Minerals has a 4 week average price of 5p and a 12 week average price of 4.50p.
The 1 year high share price is 10.71p while the 1 year low share price is currently 4p.
There are currently 332,702,973 shares in issue and the average daily traded volume is 681,306 shares. The market capitalisation of Kefi Minerals is £16,718,324.39.
jaylett: External pressures that have weighed on the share price performance of KEFI Minerals plc (LON:KEFI) are easing, according to Cantor Fitzgerald. The broker initiated coverage on the gold miner with a ‘buy’ recommendation and 26p target price, not far off five times the current share price of 5.57p. The Tulu Kapi gold project in Ethiopia now stands on the cusp of development and could be producing up to 134,000 ounces of gold a year from 2019, while the Jibal Qutman heap leach project in Saudi Arabia could, Cantor submits, provide a low-cost means of financing greater production and more intensive exploration in a country seeking to expand its mining industry. Cantor saluted the burnishing job KEFI has done on the Tulu Kapi project that it bought from Nyota Minerals in 2014. “When KEFI acquired the Tulu Kapi project in 2013/14 it appeared to be an uneconomic gold deposit; however, KEFI's management team skilfully increased the mineral resource by 68% through strategic drilling and trenching, and have shown that through tighter operational planning and by focusing on higher grade mining and reducing costs, Tulu Kapi can be a robust gold mine producing an average 115kozpa at steady state with costs in the lower third on the global cost curve,” Cantor noted. The broker says the Ethiopian Government is investing, and the project has begun again to attract interest from international debt financing groups.
robjm66: Hello Cyberbub Lanstead have not got a good track record but the deal here is a bit different. "The Sharing Agreement entitles the Company to receive back those proceeds on a pro rata monthly basis over a period of 18 months, subject to adjustment upwards or downwards each month depending on the Company's share price at the time" Think maybe the plan was to PR blitz kefi and generate a snowball effect, first it gets over the benchmark price then it gets a bit more money so it has to raise less future funds less possible dilution so company worth more so more people buy in so the share price rises so gets yet more funds next month and so on. Would not take that much buying seeing how low volume can move the price here. Just one flaw in cunning plan Kefi suck at PR. Wash my mouth out with soap but what we really need is a load rampers to push the price up to till it starts generating its own momentum then any ramps would be ramps no longer as we would get enough funds from Lanstead to kill of any possible funding requirement coupled with the fact that once the share price is high enough we would probably be able to cut a better deal anyway. Lanstead themselves would make more money at a higher shareprice as well but i guess you cannot have everything.
cutandpolished61: KEFI Minerals plc 10:30 11 Apr 2017 KEFI Minerals (LON:KEFI) is an emerging gold developer looking to commence construction of its flagship 115,000oz pa Tulu Kapi Project in Ethiopia. KEFI has been looking to finalise financing arrangements for this 980,000oz LoM project, but a state of emergency declared in Ethiopia in October 2016 has delayed this process. The project enjoys a high level of government backing, with US$20m of direct investment committed at the project level in the form of investments in the project’s infrastructure requirements, and plans to provide long-term debt through the Development Bank of Ethiopia. We reiterate our BUY rating and revise our target price to 10.5p. We are revising our target price based on the share consolidation, recent financing, and our lower gold price forecast. While the upside to the current share price implied by our target price is substantial, it is worth noting that the current share price is trading at 0.2x P/NAV based on our unrisked NAV. We believe the stock offers a substantial re-rating opportunity once the state of emergency has ended and financing is secured. RFC Ambrian acts as Broker to this company
estseon: Thanks, daftbat. The Lanstead arrangement should be read carefully and Mr Bearcast agrees that Lanstead will not benefit from a falling Kefi price unless it performs extraordinary trading gymnastics each month once the staged subscription commences. What the staged subscription does provide is the security of a minimum amount to be raised over 18 months into the future starting in May 2017 (or whenever the scheme kicks off). That might provide the necessary assurance to the senior debt banks that Kefi can continue its exploration activities and will be able to support project company overhead and interest payments post completion of construction and pre full production. Lanstead are protected against a share price crash but even Mr Bearcast expects the price to multiply from here once the project funding is in place, which will be before the commencement of the staged subscription on current company expectations. If the share price does multiply, the monthly cost of the staged subscription will remain fixed at 0.11p/share pre-consolidation or 1.87p/share post consolidation.
cpap man: KEFI Minerals (KEFI.L, 0.39p) – Speculative Buy KEFI has announced it has conditionally raised £5.6m which may contribute to the upcoming mine build. Depending on the timing of financial close for the mine, a larger or smaller proportion of the £5.6m could go towards the equity component of the mine funding. On its own, we estimate the money will provide KEFI with circa 18 months working capital. KEFI has also announced a 17:1 share consolidation and that some of the funds will go towards increasing its footprint in Saudi Arabia. The £5.6m will come from directors, Lycopodium and Landstead. Our view: KEFI is working on a number of fronts towards funding the Tulu Kapi mine build by mid 2017. The smaller funding announced this morning allows management to focus on the larger prize. The £4.6m Lanstead facility sees KEFI receive £0.69m upfront and the balance over 18 months. Lanstead's shares are fixed but the price it pays will depend on the prevailing KEFI share price each month. Since we are confident KEFI will achieve financial close for the mine this year (a very significant positive catalyst) we expect Lanstead to pay a higher average price for its shares than current levels. On that basis this is good news for existing shareholders and we maintain our Speculative Buy recommendation. Beaufort Securities acts as corporate broker to KEFI Minerals plc
topicel: Estseon, if Clinton wins we will probably see gold under further pressure and into the December rate hike. After that, let's hope we get some good news for gold as we move into the final five-six weeks of the year when, realistically, Harry can actually deliver on his latest promise to have funding sorted and, for all our sakes, a more buoyant future in 2017 for the Kefi share price. So far he has presided over nothing but a rosy future... Topicel
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 !
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.
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.
Kefi Minerals share price data is direct from the London Stock Exchange
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