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
  0.01 0.51% 1.98 15,645,686 16:35:08
Bid Price Offer Price High Price Low Price Open Price
1.975 2.04 2.07 1.905 2.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.57 -0.75 41
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:08 UT 309,481 1.98 GBX

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Date Time Title Posts
08/3/202100:28Kefi Minerals 2020 and beyond10,176
18/2/202111:23Kefi Minerals-2010 and into the Kingdom of Saudi Arabia64,314
08/1/202115:42another missed deadline????????????-
08/1/202111:44wait and see5
19/11/202011:20civil war2

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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 1.97p.
Kefi Gold And Copper Plc has a 4 week average price of 1.89p and a 12 week average price of 1.66p.
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 12,735,413 shares. The market capitalisation of Kefi Gold And Copper Plc is £40,818,996.33.
belfastboyo: I agree with Rio. I am also an LTI (10 years) & have continuously bought more as the share price collapsed over the years & am at BE about 2.2p...but I would not even consider selling my shares at 10p & certainly not 4p & the reason is 4p the company is valued at c84m..yet the NPV of TKGM alone (@65% share, $1700 Au) is 9p/share.....EXCLUDING the massive 1.1km2 EL license areas in EG with multiple positive gold strikes, EXCLUDING the world class copper/gold Hawiah, EXCLUDING Jibal Q, EXCLUDING 1.1km2 EL prospects in KSA & EXCLUDING the near certainty imho that Au/copper/PGM's are going to go nuclear once the Fed announce YCC (yield control) to create negative real interest rates. So all in all I personally will only consider selling SOME shares when the share price gets to 20p....not before. The great Jesse Livermore said it best (sic) I made my real money "sitting"....once funding is sorted and Hawiah update on drilling & KSA & EG license updates then I fully expect Kefi share price to resemble what we saw with GGP & EUA & others...a huge run up as people & fund managers etc...get to understand the story/upsides.
belfastboyo: As you well know chopper...nothing is 100% certain until documents are signed and sealed...we LTI's need no reminding that Harry/BOD have "failed to launch" more times than I care to it's about the odds of each scenario and the payback (or cost) of each scenario...S1 - Kefi deliver as "promised" TKGM funding closure (80% imho)...if so what does share price do? Maybe x2 or x3 in short order...S2 a (20%) it is slightly delayed...impact to share price marginal as already cheap as chips
riotinted_specs: I wonder if the not to be mentioned equity provider is stopping the price from rising. I believe they can invest up to 3.5% before formally identifying themselves. Although I am not sure how this works maybe someone can add some insight. Let us for example say it is Centamin. Does it even matter what the share price is are they not just investing in the company and taking a percentage of the project regardless of current share price. TKGM are not doing a placing they are bringing on board an investor for a project with its own DFS, NPV etc. A poor share price should not mean that existing equity partners have to give away a higher percentage - should it? In fact whether the gold price be high or low all parties will share the rewards according to their percentage. Or will TKGM be selling that share of the project at a discounted level while also agreeing a baseline gold price fromWhich to to negotiateHave I got this wrong?
unionhall: ".....How much equity are Kefi actually expected to have to raise? Numbers are not very clear from the recent update RNS. $60M minus offtake up-front payments? In which case perhaps only $30-40M? Still that's quite a lot of extra shares at 2p..." cyberbub, I think you are misunderstanding the financing situation. All the funds being raised at the moment are for TKGM a subsidiary of Kefi Minerals. There are no plans to issue shares in Kefi (at 2p or any other number) at the moment. Kefi has made advances(loans) to TMGM and it seems probable that these loans would be repaid once TKGM receives the financing funds thus providing Kefi Minerals with sufficient funds for the some (indeterminate) time. That is not to say there will not be a placing in Kefi for administration costs - but at the moment at any rate not for capex. AIMHO
riotinted_specs: 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. DFS has long been completed and the mine will open. We await final financial closure this March with agreed term sheets with two of the mightiest African banks. The EG 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. The TULU KAPI NPV and current valuation however 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. Nor the surrounding 1000km catchment area where KEFI and as we all know well where there is gold there is more gold. KEFI have painfully earned first movers advantage with expansive pegging rights, 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. 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 Arabian-Nubian Shield belt geology, they are, without question the very, very, very best and indeed the pioneers of huge successes in 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 which has now very much so been 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; not least the bureaucracy of being the guinea pig for a sector to which the Ethiopian Govt are now highly committed.Also, the market has clearly yet to factor in KEFIs additional assets in the Saudi part of this Arabian-Nubian shield, which is looking like 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 QUTMAN 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. The Saudis are - and will - continue to be an easier and less bureaucratic nation to deal with from a mining and resource perspective. They are much more sophisticated and accustomed to such foreign investment and have been so for over a century in the oil sector. Here again KEFI have first pegging rights that far exceed the specific area we are currently exploring. Early findings have copper grades upwards of 5 percent. This grade is 10-fold to that of many, if not most, of the world's largest existing profitable copper mines. Incidentally those senior global players will now go deeper into existing pits at much higher costs and lower grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential order of magnitude impact on profitability. All at a time when the worlds copper supply is dwindling, demand is increasing and Saudi oil production is reducing. Hence the large government sponsored mining initiative. We are moving to an electrified world and away from fossil fuels. Exactly what Saudi Arabia needs and to note but a few examples.. electric cars, busses, and charging points, infrastructure, solar, wind and any renewable energy, the ambitious Chinese Belt and Road infrastructure initiative, and the recent multi trillion dollar U.S. infrastructure bill that was passed. Also with Biden now as President and the Democrats controlling all branches of the executive - we will most certainly expect a lot more copper dependent green energy as well as an even larger infrastructure investment.I reiterate my 6-7p forecast on news 12-15p near term rerate and minimum 40p within 15-18 months. I do not see any patience required for those that have invested from the mid to long term as we have this in spades. But for recent entrants, hold your position, then continue to hold - it will not be long now. And with impending inflation ad unparalleled monetary and fiscal policy the price of gold is set to comfortably move upwards in due course and the copper price at an 8 year high and rising fast- it will be one hell of a ride. Welcome
rich1e: I’ve mentioned on here before, Majedie buying 6% of Atalaya on the open market. Those who were there will testify no one noticed a thing. There’s a definite change here, it may well be an accelerated continuation of a process that’s been happening for a while. Should that be the case it may be news is closer than we think. Corby in answer to your question, I ask myself what would attract buyers to Kefi? rising gold and copper prices? Good news weeks away? Impressive drilling results? None have worked so far, the one thing that would have punters crawling all over it is a rising sp, regardless of any fundamentals. And so, I would say the best way for the mm’s to attract buyers is to move the share price up. Just as a tree shake is a recognised process of taking the share price down to get sellers.
belfastboyo: What's with all the newbie posters today...don't they have video games to play??? Nothing much will happen to the share price imho until big positive news hits which is anytime from now to end March...until then any speculation is just for serious investors Kefi current share price represents exceptional value versus any valuation metric you care to use such as price to oz, reserves, projected NOV etc...end of.
belfastboyo: Mr market decides every day what Kefi share price should be...any guess as to what it might be in 3 weeks, 3 months or 3 years is just that a guess...a few months ago mr market valued Kefi at £10m...he now values it at £40m.Using any rational measure of value per oz resources/reserves, potential NPVs or cash flows etc, it is vastly underpriced at £40m (c2p) great news on TKGM funding, Hawiah drilling and/or KSA license will propel us to new highs
scars: Why do I always get the feeling KEFI share price is being held back?
belfastboyo: Good riddance to the weak hands...let's see what happens when in a matter of a few weeks if and when the big news drops Kefi share price doubles or trebles and see how "smart" those selling trades look then
Kefi Gold And Copper share price data is direct from the London Stock Exchange
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