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
  0.0725 4.28% 1.7675 39,709,422 16:35:16
Bid Price Offer Price High Price Low Price Open Price
1.72 1.835 1.86 1.68 1.695
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.57 -0.75 36
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:58 O 3,866,776 1.748 GBX

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Date Time Title Posts
05/12/202016:28Kefi Minerals 2020 and beyond8,142
19/11/202011:20civil war2
19/11/202011:17Fundraise ahoy4
19/11/202011:16elections delayed3
17/9/202012:05wait and see3

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Kefi Gold And Copper Daily Update: Kefi Gold And Copper Plc is listed in the Mining sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Gold And Copper was 1.70p.
Kefi Gold And Copper Plc has a 4 week average price of 1.41p and a 12 week average price of 1.41p.
The 1 year high share price is 2.91p while the 1 year low share price is currently 0.51p.
There are currently 2,061,565,471 shares in issue and the average daily traded volume is 14,566,579 shares. The market capitalisation of Kefi Gold And Copper Plc is £36,438,169.70.
riotinted_specs: Hey a lot of back and forth here and some frustrated long term investors with a break even level much, much, much higher than 2p. I say to newcomers, with the recent gold sentiment dip this is an unparalleled opportunity to buy.... downside minimal and short term upside multiple. New people may want to take a look at my below explanation on KEFI Gold and Copper.To NEW INVESTORS. TULU KAPI gold mine formally received the green light from the government in November 2019. There are to be no more permits, environment, security and social considerations. The mine will open and we await final financial closure this December with term sheets already agreed with two of the mightiest African banks. The Ethiopian Government are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, and an airport. The TULU KAPI mine - on its own - when in production will be the single largest export revenue generator in the fastest growing country on the planet. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has his hands are all over this project. And nor is it a surprise that the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum a 10-15x multiple of our current market capitalisation. This stock is grossly undervalued even when based on this single JORC Certified Gold asset. And the KEFI valuation doesn't take into account all the other KEFI assets. It doesn't take into account the phenomenal Saudi Assets which is what initially attracted most long term investors who are still here. Nor does it include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Norm the surrounding catchment area where KEFI have first movers advantage and first pegging rights of refusal. And when we look at subsequent Ethiopian mining phases there will be enormous cost efficiencies and increased profit margins due to the - in place - critical transport, military, mine and human resource infrastructure. Regarding humans, I have never seen a social contract so boot strapped. This has included a comprehensive and detailed family by family relocation compensation assessment. KEFI have gone well beyond the government declared remuneration requirement with what equates to life changing money to said community. KEFI are further heading up an mining educational program to ensure that the vast majority of the workers will be local. And they have also set up the Australian GoldCouncil.So this is definitely not some dodgy, early stage fly by night, pie in the sky banana republic, exploitative mine with speculative AIM promises. It is rather a superb pre-production mining find, best explored and developed by an outfit both lead and full of Australians. The Aussies, as we all know are among the best miners this world has to offer. And for this shield / belt geology, they are, without question the very, very, very best and indeed the pioneers of such mining on their own land. This is the real deal, and it's been inching forward for near on 15 years. There have been all sorts of challenges and impediments, such as jurisdictional instability - now very much so resolved by dramatic, sweeping, Ethiopian 2018 Nobel Peace prize winning democratic reforms. There has been added frustration associated with being the first public private mine in a quarter of a century; the bureaucracy and being the guinea pig for a sector to which the Ethiopian Govt are highly committed.Also, the market has clearly yet to factor in KEFIs additional assets in the Saudi Arabian Nubian shield, which is looking that it will be upwards of five times what KEFI have in Ethiopia. In just 7 months of drilling the SAUDI HAWIAH asset has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS, incredibly rich in highly concentrated copper. As was quoted it's like a mattress on its side with an initial PEA complete. And even more assays are to come as we uncover just how big and long this mattress is. And then of course there is JIBAL OUTMAN also in Saudi - another 700K ounces of gold. This could fund all sorts of KEFI development and at very low cost - easy open pit stuff - just need to grab a shovel.
robjm66: hxxps:// As previously reported 22 October 2020, KEFI has now assembled the full consortium and set the conditional terms for the US$221m funding package for the development of Tulu Kapi. As such, KEFI has entered into two non-binding term sheets for a total of US$40m (minimum) with the Ethiopian division of a global industrial company (“Local Investor”) and with one of the world's leading commodity trading companies (“Mining Financier”). Both organisations have extensive experience in Africa. The project finance structure comprises KEFI’s government partners (both Federal and Regional), leading African Banks, African experienced principal contractors and now the Local Investor plus the Mining Financier. As management has now succeeded in conditional offtake-linked financing, KEFI and its government partners will be able to retain a higher beneficial ownership of the project. This is now expected to be c 65% for KEFI, compared with the previously envisaged 45% ownership. KEFI now has signed agreements and non-binding terms sheets in place with all consortium members, although the individual agreements remain conditional on completion of due diligence, confirmation of regulatory compliance, internal approvals and the execution of full documentation by each consortium Brandon Hill Capital
richjj: Belfast in the conditional finance info back in October It stated ....”an NPV equating to a KEFI share price of 11p at a 65% interest (TK project) and a US$1,700/oz gold price, excluding any other KEFI assets, notably the deposits discovered Saudi Arabia, the Hawiah copper-gold-zinc-silver and Jibal Qutman gold deposits.” Now I want to very much believe that targeted share price a lot from the Kefi Directors from that presentation , however do folk feel that share price is realistic this year should the funding be confirmed ? Thanks
rich1e: In my view due diligence is hardly going to highlight the political risks to the TK investors, surely, they knew this already. Though it may slow the process. Due diligence, might well mean outlining the future relationship. You’ve got party A a mining financier, party B a ftse listed industrials company and Kefi. Now party B could be a soft drinks manufacturer, but there’s also the chance that they do a spot of mining themselves and, like us here, they would welcome the Kefi share price to be 12p a share, in their case so that they could add a 30% premium and get the deal past their own shareholders. They couldn’t get 15p a share past their shareholders now, and they would get not knocked back offering 5p. So, help out delivering value, getting the show on the road, with assurances that you’ll be listened to in future. But what for, just TK or the whole lot, how does future exploration factor in? Where does party A fit in? What about other parties with interests in Kefi assets? So much to discuss. If, Kefi’s assets are to be worth 20p, 30p, 40p a share in the future, then in effect they are worth a big leap in that direction now, to someone with the money to develop them. When we find out for sure who the funding partners are, we might get a better idea of what the future looks like. Just my thoughts. Have a good day all.
goatherd: Interesting Q&A from Kefi today - "Participation by retail investors in KEFI equity raisings Q: I noticed from the November Presentation some new info on slide 12 (TKGM): ‘"he KEFI Group component would be expected to be sourced in a number of ways which comprise: Local Investors and Mining Financiers equity subscription to KEFI subsidiaries KEFI Ethiopia and KEFI Marketing plus raising by KEFI Minerals PLC in the form of the Placing in November 2020, Loan Facilities on Offer and a Rights Issue at the time of settlement by all consortium members. These commitment remain non-binding." Do you have any details on the "Rights Issue"? Premature to say. The only point being made now is that we wish to provide for shareholder participation when all parties and deals are signed up and approved. Q. Why did KEFI not offer retail investors the opportunity to participate in the recent placing, as many other companies are now doing through PrimaryBid? We have taken advice which recommends that PrimaryBid can only be considered as a supplement, not a substitute, for a placing. That is becausePrimaryBid needs to be announced upfront, without assuring an outcome. When that is not a concern from the viewpoint of protecting shareholders’ interests, then PrimaryBid is a good option to consider. On a separate but related note, when a placing is at or near market, it should theoretically be less of an issue for shareholders who want to buy shares, as they can indeed just buy shares in the market. Posted 19 November 2020|"
lhoskins: The conflict is unfortunate and obviously very sad for those involved. I think this will be concluded in the coming days/weeks. Luckily Kefi is a long distance away from the fighting. For me this is not a time to sell but to add. I would be looking to buy if I wasn't invested. There was a similar situation with AAZ a few weeks ago when Armenia and Azerbaijan were fighting on the borders. The share price dropped back 50%. The conflict is now more or less done and dusted and the share price is rising back up. Harry gets a lot of stick on this board but I believe he will come up with the goods. Then when (not if) the government take control of Tigray we won't be seeing the share price at these levels again. I'm going long and strong on this one.
rich1e: Gold’s taken a hit today as money moved to equities. But Gold isn’t only for doom and gloom, demand also comes from Jewellery which is dependent people feeling wealthier, and also the USD. I would anticipate a sweet spot where money printing leads to increased demand to hedge against currencies, meets a demand from people feeling more confident to buy gold for cosmetic purposes. Kefi share price was down and volume was up from the off today, well before vaccine news, and so I wouldn’t be surprised to see some new this week.
reestie3: News of funding, ceasefire in Tigray, plus gold price increase.....all would do wonders to the Kefi share price ......Those who have sold will flock back....just what the MMS want.........
belfastboyo: Anyone remember when N.Korea drama was in the news? Ultimately, short term terrorism/issues are pretty much everywhere at some point...terrible event for sure...but likely one off and contained quickly...Kefi share price will re rate on core fundamentals...funding news for TKGM likely before end of price (likely to go way higher when money printer goes brrrrr) and Hawiah drilling news
belfastboyo: I agree with you Topicel...the real drivers to any significant and sizeable re rating for Kefi share price will be driven only by delivering funding close for TKGM and further Hawiah/other exploration successes..and of course Gold/Cooper prices which I expect to head much, much higher with QE & MMT to infinity...
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