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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kefi Gold And Copper Plc | LSE:KEFI | London | Ordinary Share | GB00BD8GP619 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.025 | -3.90% | 0.616 | 1,450,963 | 08:12:13 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.62 | 0.654 | 0.616 | 0.616 | 0.616 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Metal Mining Services | -7.9M | -0.0013 | -4.92 | 38.84M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:20:17 | O | 1,000,000 | 0.6315 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/11/2024 | 07:00 | UK RNS | Kefi Gold and Copper PLC Strategic Review of GMCO JV in Saudi Arabia |
| 06/11/2024 | 07:00 | UK RNS | Kefi Gold and Copper PLC Tulu Kapi Project Financing |
| 30/9/2024 | 06:00 | UK RNS | Kefi Gold and Copper PLC Interim Results |
| 18/9/2024 | 06:00 | UK RNS | Kefi Gold and Copper PLC Tulu Kapi Operational Update |
| 20/8/2024 | 15:06 | ALNC |  Kefi Gold & Copper ramps up early works at Tulu Kapi gold project |
| 20/8/2024 | 06:00 | UK RNS | Kefi Gold and Copper PLC Tulu Kapi Operational Update |
| 06/8/2024 | 06:00 | UK RNS | Kefi Gold and Copper PLC Saudi Arabia Operational Update |
| 29/7/2024 | 06:00 | UK RNS | Kefi Gold and Copper PLC Tulu Kapi Update |
| 22/7/2024 | 08:27 | UK RNS | Kefi Gold and Copper PLC Result of AGM |
| 22/7/2024 | 06:00 | UK RNS | Kefi Gold and Copper PLC AGM Statement |
Kefi Gold And Copper (KEFI) Share Charts1 Year Kefi Gold And Copper Chart |
|
1 Month Kefi Gold And Copper Chart |
Intraday Kefi Gold And Copper Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 08:33 | Is KEFI about to come good? | 6,753 |
| 20/11/2024 | 19:24 | Kefi Minerals 2020 and beyond | 29,458 |
| 13/11/2024 | 16:01 | KEFI the new cycle UP after the placing | 202 |
| 30/9/2024 | 08:57 | Kefi yet another AIM listed fraud. | 379 |
| 12/7/2024 | 20:23 | KEFI - The Pigaroo lost it's lipstick again | 9 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:20:18 | 0.63 | 1,000,000 | 6,315.00 | O |
| 08:13:34 | 0.63 | 85,295 | 538.64 | O |
| 08:12:47 | 0.65 | 15,294 | 100.02 | O |
| 08:12:13 | 0.65 | 200 | 1.31 | O |
| 08:12:13 | 0.65 | 200 | 1.31 | O |
| Top Posts |
|---|
Posted at 20/11/2024 08:20 by Kefi Gold And Copper Daily Update Kefi Gold And Copper Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Gold And Copper was 0.64p.Kefi Gold And Copper currently has 6,059,089,306 shares in issue. The market capitalisation of Kefi Gold And Copper is £38,778,172. Kefi Gold And Copper has a price to earnings ratio (PE ratio) of -4.92. This morning KEFI shares opened at - |
Posted at 14/11/2024 13:27 by robjm66 “Final approvals from the second bank are subject to remaining conditions including Ethiopia formally ratifying its already approved Country Membership. KEFI is targeting finalisation of these formal approvals and of definitive documentation this quarter. This is expected to be a significant positive catalyst for the shares”“Harry Anagnostaras-Adams with Federal State Minister of Finance Dr Eyob Tekalgn Tolina and President African Finance Corporation Samaila Zubairu, Addis Ababa last week” “Based on this Business Plan, Tulu Kapi is expected to boast a levered, post-tax NPV5 of US$688m at a gold price of US$2,100/oz, at the start of construction. Taking KEFI’s expected 80% stake in the project, and assuming an exchange rate of GBP:USD1.275, this amounts to an NPV5 of 7.1p/share. At US$2,600/oz gold, the NPV5 is US$1,046m, representing an NPV5 of 10.8p/share. These figures are 11-17x the current share price. As Tulu Kapi is developed over the next two years and risks are mitigated, the share price would be expected to increase towards the NPV.” |
Posted at 14/11/2024 09:26 by robjm66 Posted on Telegram kefi Q&AQ, What has been the cost of investing in GMCO and in TKGM,the book value and the market value? A,A: Unlike many other companies, KEFI writes off all expenditure in its accounts until the application for a Mining Licence which reflects a decision being made reflecting a development commitment . There is no “right” or “wrong” - this is just our policy which we believe conservative for statutory reporting. Therefore at KEFI, book value in the statutory accounts is always less than historical expenditure which usually involves extensive exploration, feasibility study, permitting, financing and other costs. And, asset market value would be expected to vastly exceed both the historical cost and the reported book value in the statutory accounts - if exploration is successful and/or development studies are positive. On the other hand, as we all know, stock market values in each different jurisdiction varies on a daily basis from any of these numbers due to any number of factors. In that context, we provide the following statistics with respect to each of GMCO and TKGM.GMCO: Cost was c. $12 million since 2008, accounting book value nil, indicated market value $50-80 million based on the opinions of research analysts who have issued reports. TKGM: Cost was c. $50 million since 2014, book value $35 million, indicated market value $495-835 million based on the opinions of the research analysts who have just issued reports. Posted 14 November 2024 ..... My lse post. Numbers are going to skewed due to.. 1.All the work done on TK before kefi effectively got it for a knockdown price in a fire sale. 2.TK being further along than the Saudi projects. 3.The high percentage share kefi has for TK. 4.Probably value given to licence areas does not reflect future Sauid potentail potential. Its possible that kefi will not have such a high percentage of further projects in Ethiopia especially if most of the money comes from Ethiopia at project level from the listing. Though obviously you can argue that means faster progress making it more a Ethiopian success story and kefi not having to raise money at parent company level. The Saudi projects value would have inevitably gone up as they got further along and Hit full DFS status. Will interesting to see if kefi doing further work in Saudi to increase the price it will get for the areas or just sells them as quickly as possible. |
Posted at 13/11/2024 16:01 by master rsi 0.603p / Kefi Gold launches strategic review of GMCO joint venture(Sharecast News) - Kefi Gold and Copper announced a strategic review of its stake in the Gold and Minerals (GMCO) joint venture in Saudi Arabia on Wednesday, which it holds with majority partner Abdulrahman Saad AlRashid & Sons (ARTAR). The AIM-traded firm said that as part of the review, it would forego a $10m investment to maintain its 25% interest, resulting in a reduction of its stake to 15%. Kefi said it was also evaluating the potential sale of its remaining 15% stake in GMCO, with proceeds from any future sale potentially providing further capital for the company. The board said the decision reflected Kefi's strategic priority on majority-owned projects, particularly the Tulu Kapi Gold Project in Ethiopia, which was nearing financial close, as well as its significant exploration pipeline in the region. ARTAR had solely funded GMCO's recent exploration activities, covering Kefi's share, with the dilution based on the historical cost of investments by both partners. Kefi said it believed any potential sale of the 15% stake could yield a premium, though there were no guarantees. GMCO, which had spent around $80m on discoveries and feasibility studies, was preparing for significant growth and had outlined a two-stage development plan for its key projects - the Hawiah Copper-Gold-Zinc-Sil Initial development would focus on open-pit mining of shallow oxide ores with carbon-in-leach processing, followed by further exploration and expansion to access deeper resources. Additionally, GMCO said it was set to expand its regional exploration efforts, drawing on its extensive experience and data from 15 years of exploration in Saudi Arabia. Over the next six months, Kefi and ARTAR would assess strategic options to maximise GMCO's growth and value, ensuring alignment with Kefi's focus on its majority-owned projects. "Both of Kefi's host countries, Saudi Arabia and Ethiopia, have recently pivoted towards an improved environment for mining," said executive chairman Harry Anagnostaras-Adams. "And the gold price is at all-time highs. In that context, Kefi considers it important that the two operating partnerships play to their strengths and capitalise on the market dynamics in each country. "Today's announcement of the strategic review at GMCO reflects that the partners will, over the next six months, review various scenarios to determine the best way forward for the joint venture to build on its successful discoveries and feasibility studies." Anagnostaras-Adams said that in the meantime, the Kefi board believed it was in the best interests of shareholders to remove the outstanding exploration liabilities with a consequential reduction in the company's stake in GMCO. "Kefi has made it clear that the priority for its capital is to now optimise shareholder value via majority-owned projects." |
Posted at 13/11/2024 10:24 by gizmohican Edison's report out on Kefi today -G&M worth more than its book value Removing KEFI’s obligation to pay US$10m to maintain its stake in G&M at 25% will be a welcome relief for the company. However, the impression that this values the remainder of the stake at US$15m is misleading, as the shareholders’ agreement regarding dilution for contributions/non-co Valuation: Potential 48.9% internal rate of return We calculate that KEFI’s residual assets could generate average free cash flow of c £82.4m in FY27–32 (almost unchanged from £82.3m previously), making average (maximum potential) dividends of 0.59p per share in FY28–34 possible and valuing KEFI at 2.15p per share (cf 2.21p/share previously) fully diluted. At current metals prices, however, this valuation increases to 6.33p now and to 9.27p in FY28 (plus a potential further c 2.25p per share for Guji-Komto), implying an internal rate of return of 48.9% in sterling terms over the next 13 years. Our timing assumes Tulu Kapi starts commissioning in late 2026. |
Posted at 07/11/2024 13:52 by shortarm Aviator, you know you keep saying no one is in profit in Kefi?43K right here, got scare when areas surrounding the mine were 'given away'. Kefi Minerals 13.06.2019 289 549 1,62 4 693,73 1,91 £5 537,26 843,53 17,97 % 18.05.2021 Kefi Minerals 11.09.2019 183 231 1,18 2 162,45 1,91 £3 504,06 1 341,61 62,04 % Kefi Minerals 12.09.2019 91 012 1,13 1 035,62 1,91 £1 740,49 704,87 68,06 % Kefi Minerals 20.09.2019 273 005 1,06 2 899,85 1,91 £5 220,88 2 321,03 80,04 % Kefi Minerals 30.10.2019 490 547 0,77 3 793,02 1,91 £9 381,10 5 588,08 147,33 % Kefi Minerals 30.01.2020 241 132 1,45 3 500,00 1,91 £4 611,35 1 111,35 31,75 % Kefi minerals 28.02.2020 406 678 1,23 5 000,01 1,91 £7 777,21 2 777,20 55,54 % Kefi minerals 11.05.2020 1 155 528 0,87 10 000,16 1,91 £22 098,02 12 097,86 120,98 % Kefi minerals 14.05.2020 284 935 0,77 2 200,00 1,91 £5 449,02 3 249,02 147,68 % Kefi minerals 15.05.2020 112 884 0,82 926,00 1,91 £2 158,76 1 232,76 133,13 % Kefi minerals 17.06.2020 25 303 0,98 249,63 1,91 £483,89 234,26 93,84 % Kefi minerals 17.06.2020 37 288 0,98 367,88 1,88 £700,27 332,39 90,35 % 04.06.2021 Kefi minerals 30.06.2020 91 276 0,96 882,07 1,88 £1 714,16 832,09 94,33 % 04.06.2021 Kefi minerals 30.06.2020 500 000 0,87 4 333,50 1,88 £9 383,00 5 049,50 116,52 % 04.06.2021 Kefi minerals 03.07.2020 502 915 0,99 4 967,26 1,82 £9 168,18 4 200,92 84,57 % 04.06.2021 Kefi minerals 13.07.2020 372 747 1,34 5 000,06 1,82 £6 774,27 1 774,21 35,48 % 04.06.2021 Kefi minerals 22.07.2020 591 970 1,64 9 684,71 1,95 £11 507,82 1 823,11 18,82 % 10.06.2021 Kefi minerals 07.09.2020 350 000 2,30 8 055,65 1,95 £6 801,50 -1 254,15 -15,57 % 10.06.2021 Kefi Minerals 27.10.2020 458 462 2,18 10 000,01 1,95 £8 915,28 -1 084,73 -10,85 % 10.06.2021 Kefi Minerals 16.11.2020 95 342 1,64 1 561,73 1,94 £1 854,21 292,48 18,73 % 10.06.2021 |
Posted at 06/11/2024 21:33 by allesandro If i am reading this right in todays RNS and presentation they state Tulu Kapi revenue will be £101M per year for a minimum of ten years,that is based on $2600 gold price.And Kefi expected to retain an 80% stake,have to say i am looking at this as a potential portfolio maker now.I have held a smallish amount of these for a few months now but think i might go large shortly and maybe in the SIPP.Note they say in RNS that the 6.9p to 10.5p valuation is based on $2100 gold and not the current near $2700 and probably going higher.Surely this has TAKEOVER written all over it ????From Rns : "Tulu Kapi's high grades and high recoveries offer the potential to repay all project finance debt from the estimated net cash flows of the first full year of production, at US$2,600/oz gold price. Moreover, at US$2,100/oz to 2,600/oz gold, Project NPV to KEFI shareholders is 6.9 to 10.5 pence per share, 12-17 times the current share price, ignoring our other assets." |
Posted at 06/11/2024 10:47 by robjm66 Any problem with the Birr has more to do with the ERN component which is a small part of the overall deal smaller now.Finance plan changed from that set out in the 2023 KEFI Annual Report published in June 2024 of: o US$280-300 million from bank debt and Equity Risk Notes (“ERN”): ▪ US$190 million bank debt ▪ US$90-110 million ERN o US$20-40 million from share subscriptions to KEFI subsidiaries • To the following: o US$285 million from bank debt and Equity Risk Notes (“ERN”): ▪ US$240 million bank debt ▪ US$45 million ERN o US$35 million share subscriptions to KEFI subsidiaries: ▪ US$20 million share subscription to TKGM by Governments of Ethiopia and the Ethiopian Region of Oromia ▪ US$15 million from one of a number of identified sources being considered. So ERN halved from June. The company has said about the ERN component in Rns. The increased amount looks more to do with.. "The ‘Business Plan’ is to introduce initial underground mining from within the existing Resources, to increase plant throughput by 20% so as to process at c. 2.4Mtpa and to lift gold production to 179,000 oz pa average over 7-8 years and, ultimately, potentially beyond 200,000 oz pa. Progress with such plans will be reported in due course. It will include a Definitive Feasibility Study (“DFS”) on the underground start-up, to be completed during construction of the open pit and infrastructure along with extensional drilling below the underground mine resource." "The combination of the opportunity to retain a high beneficial interest in Tulu Kapi and to expand production quickly, combined with the improved gold price outlook, has had a significant impact on potential returns on investment from Tulu Kapi for KEFI, for our shareholders and for our partners, the Governments of Ethiopia and of the Oromia Region." Makes sense to get the money for both the normal TK pit and the deeper one in one hit. "The overriding priority of KEFI is to now proceed to establish the open pit and underground mines at Tulu Kapi. During construction of the open pit and infrastructure, we intend to complete the DFS on the underground mine and to also carry out extensional drilling at depth. The last drill hole returned 90 metres at 2.8 grammes per tonne." |
Posted at 29/10/2024 16:29 by taxlosstone Dear Mr Anagnostaras-Adams. I would like to apologise to you unreservedly for all of my snarky comments over the last 10 years or so. Some suggesting that you are an over-promiser & under achiever. Others that you constantly give target dates & fail repeatedly. I have even suggested that you are incredibly optimistic about the Kefi operation & the imminent concomitant share price action. I think that I even went so far as to say that you are over rewarded for a share price performance that is down 99% from the highs. I should of course take your word for it that we have a fantastic relationship with all stakeholders & that the working relationship with the jurisdiction in Ethiopia could not get any better, until it did. The fundraising through bonds issued out of Luxembourg would have been fine, but then you found an even better funding stream from locals in Ethiopia, who refused to syndicate any of loans because they wanted it all for themselves. It was just an unfortunate technical issue that they were skint.I am apologising now because you have pulled it off. Both banks have now signed off & the funds will be flowing before we know it. Me & my fellow shareholders are going to be richer than even in our wildest dreams. Thank you so, so much. You are a financial genius & I cannot believe that I ever doubted you. The reason that I am posting this apology now, slightly prematurely perhaps, is because if we do ever get to start digging for gold, I will be in such a state of shock, I won't be able to put two words together. ;-) |
Posted at 16/10/2024 10:52 by goatherd 66778899, your 2079From Kefi website "18 September 2024 KEFI Gold and Copper plc ("KEFI" or the "Company") Tulu Kapi Operational Update Early Works Progressing Well KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield since 2008, is pleased to provide a short operational update encompassing the recent activities with respect to the Company’s Tulu Kapi Gold Project (“Tulu Kapi” or the “Project” Early Works at Tulu Kapi are progressing well, as follows: • Physical activities: o Security: all required inspections have now been completed satisfactorily and and no further inspections are required by any of the Tulu Kapi Project funding syndicate members ahead of investment approval. This follows the deployment of government agencies and private contractors. Independent monitoring will continue throughout the life of the Project. o Local Consultations: conducting a multitude of large and small group briefings and consultations. These have been positively received by the local stakeholders who continue to express their support for the launch of Major Works. o Community resettlement preparations: layout of a temporary construction camp now involves the compensation of small subset of the land required for the Project, which will assist the understanding and alignment of all stakeholders. • Financing activities: o Government has indicated it is ready to provide all ratifications required for detailed definitive documents to be finalised and executed. o All co-lender requests to date have been satisfied and our focus is now on optimising the equity capital segment of the financing, focusing especially on the Equity Risk Notes investment by co-lenders and local investors. Harry Anagnostaras-Adams, Executive Chairman of KEFI commented: “We steadily work through the Early Works programme and preparing for the launch of Major Works. We remain on track for entering into definitive commitments from the funding syndicate next month, enabling financial close and triggering of the Major Works. We are grateful for the support and collaboration being received from the community, government agencies and our Project syndicate. “And we are lucky that the gold price keeps setting new record highs and Ethiopia has now re-joined the world’s top 10 growth countries.” Enquiries KEFI Gold and Copper plc Harry Anagnostaras-Adams (Executive Chairman) +357 99457843 John Leach (Finance Director) +357 99208130 SP Angel Corporate Finance LLP (Nominated Adviser) +44 (0) 20 3470 0470 Jeff Keating, Adam Cowl Tavira Securities Limited (Lead Broker) +44 (0) 20 7100 5100 Oliver Stansfield, Jonathan Evans IFC Advisory Ltd (Financial PR and IR) +44 (0) 20 3934 6630 Tim Metcalfe, Florence Chandler 3PPB LLC (Institutional IR) Patrick Chidley +1 (917) 991 7701 Paul Durham +1-203-940-2538" If you are really in doubt there are lots of phone numbers you could ring and talk to. |
Posted at 15/10/2024 07:56 by robjm66 Avaitor Plenty has changed over the last year kefi has been clearing hurdles till its got to the stage where only a few remain maybe only one really the banks or maybe just the second bank signing off. The rest should be just process after that.Aim is dire which is why the company had to eventually put together a highly complex deal to fund it at project level with a lot of parties and moving parts which is probably the main reason it is taking so long. Got to the stage where kefi could well be the third cab of the rank after Akobo who have produced there first gold bar and Allied who have raised a lot of money primarily for Ethiopia. Easier for Akobo in a way though as it a much smaller operation "boutique" and Allied gold has deeper pockets however shows it is possible to get a mine going in Ethiopia. Kefi have not really effectively highlighted the progress of either company to make this case either maybe because of the embarrassment factor of other companies making quicker progress or because of poor PR. Kefi should however be able to get this over the line considering the money to be made due to the high gold price and I see the second bank not needing to make anymore visits and a discussion over increased lending and listing in Ethiopia as good omens. Its a bit of a mugs game predicting exactly when due to the potential for delays but being an old style investor more than a trader not going to throw the towel in when kefi should not be a million miles from getting this done. |
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