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
  0.118 6.54% 1.923 9,637,889 16:35:00
Bid Price Offer Price High Price Low Price Open Price
1.90 1.946 1.918 1.846 1.846
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.72 -0.22 41
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:48 O 455 1.923 GBX

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Date Time Title Posts
22/6/202122:17Kefi Minerals 2020 and beyond14,112
10/6/202113:55Final Warning 18
17/5/202117:29Kefi Minerals-2010 and into the Kingdom of Saudi Arabia64,317
14/4/202107:52another missed deadline????????????2
08/1/202111:44wait and see5

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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 1.81p.
Kefi Gold And Copper Plc has a 4 week average price of 1.75p and a 12 week average price of 1.65p.
The 1 year high share price is 2.91p while the 1 year low share price is currently 0.83p.
There are currently 2,152,925,318 shares in issue and the average daily traded volume is 5,822,712 shares. The market capitalisation of Kefi Gold And Copper Plc is £41,400,753.87.
robjm66: Start Timing of Quarterly webinar? before end of quarter because of logistics restrictions and annual general meeting at end of the month so have Q and A now so plenty of time to reflect before AGM voting. Questions.. Financial closing…defining execution of documents from syndicate then funds flow in stages Laid out plans to central bank…for confirmation. Announced this morning detailed documents by end of July No one committed? not true everyone signed up term sheets government committed has already spent money, all will sign together. Kefi share of TK 95 percent before completion but after completion 75 to 80 Whats the plan? same as in annual report.. mining capex... mining contractor provides fleet... government equity... offtake...local subsidiary three years from now..40 million...missing piece 11 million...within a week or so, close to closing.. Bonus linked to whole package...why December do not know just a date things not expected to take till then. What's has to be done update on's announcement now in the hands of central bank, ministry of mines, government waiting for authorities to sign off. Should kefi have fixed schedule? "sounds like mines minister" logistics in getting round. Project unstoppable. Final closure all parties on same day? cumbersome process blue ink signatures within the space of a couple of weeks...banks due diligence from senior lenders most important to go first, last money to go in… Did company conceal warning commentary government employee. Company put out RNS on Sunday was the first they heard about it did not get letter to two weeks later...then refereed to it, talked to government..Ethiopians over anxious, things should have been discussed privately.. Ethiopians wanted good new story pre election... will government be upset by it not happening earlier? consortium members did not want to be pulled into media lets just sign the whole thing up further along attitude mining licence of loss of exploration licence if further schedule slippage? lots of things have caused slippage but present syndicate a lot stronger and knows country... government appreciative put money they want to make sure it happens...this year, lust to get things going from Ethiopians...not contravened anything insist on approval before next steps which is what we are doing now...kefi meets government and partners every week and all the time current relationship with government...change in sentiment with kefi? just a spat...Ethiopia powerful country going through powerful changes they are generally happy now have moved on...meant to be hurry along...not wise to give hurry along to major banks they were taken aback...everybody being more careful now Signing ceremony formal? some formal some informal some media, locals to mine not that bothered just want the jobs. historical spend 70 or 13 million? all written off till kefi decide to pursue just accounting. Hawiah drill tend not to not putout a drill hole at a time...tend to package up results...three rigs 24/7 month or so batch of results august September flurry of drilling...metalogical results coming back...high recovery rate on metals coming back three quickly pfs finished 9 months then go into mining licence application 2023 starting development? will go quicker ARTAR and development fund means funding will be a lot easier than Ethiopia Jibal Qutman lost cause? Not lost cause stuck on regulatory quagmire till it resurface will be eventually sorted TW paying harry...not mate journalist though he likes him harry does not follow newsletters.. Working capital bridging further placement till full funding using kefi not going to the stockmarket till deal done. Brokers note research report put together imminent should be soon. Final deal need harry there? Harry will go there very soon to wrap things up. AGM covid protocols closed meeting concerning should have remote webinar?..shareholders can use this webinar to ask questions only two directors can make meeting anyway...this seemed the democratic way kefi Contingency plan...changing circumstances kefi have replaced practically everyone kefi blooded constant planning and re planning team on the ground... general meeting for shareholders to approve finance not needed. Website and twitter account need revamp photos and so on...harry given advice on twitter different advice it should all be looked at again as the company is about to change dramatically as company going to change and be a big company...but no noise for noises sake.., but they do need overhaul just focus has been on other things. Shareprice deflated what can you offer shareholders to get them excited? one media story does not mean a negative barrage it was dealt with...bulletin boards chats lines not companies responsibility.. AGM agenda...AGM requirement but importance got down graded as things got sorted out What questions should shareholders be asking? If you do enough homework you can put sliderule over company and its numbers...not magic... different stages...what more can you do special about to take off and sector poised kefi first mover...Harry not lateral thinker he is not worrying unduly about getting finance intrigued instead about the potential where can kefi get to Re rating of share price after TK financing?...NPV? market cap should go up in a multiple at different stages and if good pipeline when in production. From a tenth of NPV till over NPV when in production If financing fell down would harry step down...depends on reason...not the moment to vent frustration, time to stand up and deliver If government not re elected? Zero chance if happening as other parties not multi regional but kefi does not get involved in politics. Even if other parties were strong project still would be largest project and country needs it. Edit Risk of dilution if you need to place shares if one of the financiers or backers back out of the deal would this be done after the deal or before the deal is closed, bit of a hypothetical question.. . Kefi micro should recognize company putting a massive deal which kefi will have a huge slice of it..mining companies need money to operate had to dilute in past... but terms not very good...never guarantees but syndicate seem happy and want to get on with it...everyone want to be sure countries steady as it goes so people wanted to see how election went first...made sure that things had settled down...kefi tenacious from now on piece of cake.. Jibal Qutman...KSA regulatory stuff up but it will but things now overhauled JQ used as a case study to help overhaul Hawiah Bankable feasibility ? Grades picking up...kefi jumped a couple of steps... money going into feasibility study...bigger...higher grades..kefi has gone faster than they originally planned Last question Thank you Harry wrapping up...everything asked everyone just needs to knuckle and get the job done. (Things look good you cannot say he does not try to answer every question and clear the air in these webinars). Should get a brokers note fairly soon as well which will fill in some gaps though webinar pretty comprehensive.
robjm66: Edit Risk of dilution if you need to place shares if one of the financiers or backers back out of the deal would this be done after the deal or before the deal is closed, bit of a hypothetical question... Kefi micro should recognise company putting a massive deal which kefi will have a huge slice of it..miner companies need money to operate had to dilute in past... but terms not very good...never guarantees but syndicate seem happy and want to get on with it...everyone want to be sure countries steady as it goes so people wanted to see how election went first...made sure that things had settled down...kefi tenacious form now on piece of cake.. Jibal Qutman...KSA regulatory stuff up but it will but things now overhauled JQ used as a case study to help overhaul Hawiah Bankable feasibility ? Grades picking up...kefi jumped a couple of steps... money going into feasibility study...bigger...higher grades..kefi has gone faster than they originally planned Last question Thank you Harry wrapping up...everything asked everyone just needs to knuckle and get the job done. (Things look good you cannot say he does not try to answer every question and clear the air in these webinars).
pensionplanner: I was extremely surprised that the Nomad was cited in the first RNS commenting on remuneration. SPAngel are good resource sector company, but really should have known better, as they know the remit for that is the remuneration committee, who were not mentioned. I still will not accept the deal as it stands, unless it is based on options (and to less value demonstrating faith in the company), rather than walking away with cash at any milestone being met. If they want cash they can do what shareholders hope to do...SELL when the share price has risen multiples of today's sp, and the sad situation is there is no reason this project if up and running does not kickstart Kefi into a much bigger game, a much higher value, a much higher sp, with much higher potential for Directors and shareholders alike. All at Kefi should have this in mind, and still time to reconsider this deal, which will still be referred to the LSE and where its still a bonus for what should be expected in the course of their paid duties at Kefi, where this bonus was never made known throughout the project until yesterday. I would like details (and will seek them) from the Remuneration Committee as to when they considered this, when the meeting was held, and whether it was in their normal course of meetings, or whether it was considered as an afterthought outside of any laid down remuneration committee timetable, in which case its validity could be questionable. They must be aware that getting it through at an AGM is not the final word in situations like this, as the previous case I posted made clear.
pensionplanner: The modification is helpful, as whatever you feel about Harry's entitlement to the bonus, at today's SP, shareholders would know that from today's share price at least, it would represent a significant rise in the share price and the same with other milestones. Personally I don't think its the correct move but is better than it was. Still much better sentiment wise to have remuneration committee awarding less share options with similar milestones, but with a much larger potential gain to Harry and shareholders alike, to indicate those gaining the options are absolutely confident in the progress of the company. I note the change in the RNS though as previously the Nomad was cited as having considered the remuneration and it is NOT the Nomad's remit to be involved in that, that is the province of the remuneration committee. The Nomad's involvement has been noted at the LSE and it's likely the modified RNS is the a result. However Remuneration Committee...I think your days are numbered when it comes to being reelected, so time yet to reconsider the package.
pensionplanner: Voting against all resolutions is not clever, it cuts off your nose to spite your face. Personally I would email SPangel, as they are cited in the RNS when it is not the Nomad's prerogative it is the Remuneration Committee. This whole sorry saga of bonuses could be easily resolved to everyone's satisfaction including Harry's and result in a much better sentiment without accusations from some flying around, which will damage sentiment further. Withdraw the resolution, but use the parameters when the Remuneration Committee next meet, and they could award options (less than $500,000) as currently anyone with shares or options is likely to lose more, including Harry from the poor sentiment and reduced sp, whereas if the remuneration committee do what they are supposed to and consider milestones, reward options (but less than $500,000 worth as after all this bonus was never mentioned prior to today, never part of any communication to shareholders at the outset of the project, where finance needs were known!), then those options and the shares and options already held by Harry and everyone else stand to have a good opportunity to be multiples of the current share price if financing is done and dusted and things move forward. It is this financing that has been a millstone around the neck of Kefi and its shareholders, and what appears to be poor sentiment towards this resolution even from previous friends. Sentiment has to be rebuilt as otherwise even $1,500,000 in cash may not be anywhere near the damage caused to Directors own shareholding, let alone ours. Withdraw the resolution prior to the AGM and let the correct body, i.e. Remuneration Committee come up with a sensible incentive based on options, which will not deplete financial reserves, but will stand to appreciate substantially if the deal is done and milestones met, and I have no objection to those milestones being used by Remuneration Committee as and when they are achieved, but to seek cash does not demonstrate faith in the ability of the share price to rise even if the deal goes ahead. Directors with shares and options should see the bigger picture, the picture they themselves have been painting for some time. But voting against all resolutions in a fit of pique will not help shareholders, or the BoD or encourage new holders. I feel the resolution on bonuses was misguided and just perhaps someone at Kefi or SPAngel will consider that being in the best interests of all.
unionhall: I have sold out this morning. Life is too short to spend any more of it reading about cans being kicked down the road. Apart from the absolute inability of Harry/Kefi to produce anything resembling honest communication the three main reasons are : 1/ Imminent fundraise " The forecasts show that the Group will require further funding before the end of June 2021 in order to fund working capital and other obligations...." 2/ $59m of share issue to overhang the share price for two/three years after financing - whenever that might be. " $14m Mining contractor charges, convertible into KEFI shares at the price in 2 years $45m Subordinated loan in subsidiary, convertible into KEFI shares at the price in 3 years" 3/ My last shred of hope that "this time it will be different" has been well and truly stamped on. I wish all holders well in whatever way you choose to proceed.
robjm66: Flicking through interesting bits... The Annual General Meeting will be held at 10.00am on Wednesday 30 June 2021 at Marlin Waterloo, Lower Ground Floor, 111 Westminster Bridge Road, Waterloo, SE1 7HR, United Kingdom . However, for safety and ongoing public health considerations we strongly encourage you not to attend the AGM in person. Any shareholders attending in person will be expected to adhere to any special arrangements and safety measures which the Company may put in place on the day. The Company will conduct its quarterly shareholder webinar on 21 June 2021, the details of which will be published closer to the time. By 30 June 2021, the following needs to be carried out so as to proceed to earliest project finance settlement: o Final construction procurement pricing confirmed; o Detailed documentation to be approved by the relevant Government agencies, including the Ministry of Mines and the National Bank of Ethiopia, so that execution may proceed by all syndicate parties; o Finalised position for local equity investors and off-taker Ownership Value and Ownership Dilution Upon execution of the Tulu Kapi project finance plan, KEFI will replenish its working capital, launch full development at Tulu Kapi and also underpin at least the next 12 months of planned exploration in Ethiopia and Saudi Arabia. From an ownership dilution perspective, successful completion of the finance plan will necessarily also increase issued capital but ownership dilution will be minimised vis a vis the quantum of development capital raised because it is intended that the share issues by KEFI for a subset of these amounts will largely be at prices two and three years from project finance completion. It is important that we now proceed to financial completion in accordance with the latest plans agreed with the Government. Indeed the Government has warned of administrative consequences if we fail to do so and our syndicate have all made it clear that all wish to proceed to plan subject only to normal safety and compliance procedures. We have conditionally assembled c. US$309 million of development finance at the Project level from our small, efficient and economical corporate office in Cyprus. Other than our Nicosia-based financial control/corporate governance team, all operational staff are based at the sites for project work. This approach increases efficiency at a lower cost. KEFI's carrying value of the investment in KME, which holds the Company's share of Tulu Kapi is GBP13.7 million as at 31 December 2020. It is important to note KEFI's planned circa.75% -80% beneficial interest in the underlying valuation of Tulu Kapi is circa GBP172 million based on project net present value (NPV 8% discount and @ gold price of US$1591 /oz , including underground). In addition, the balance sheet of TKGM at full closing of all project funding will reflect all equity subscriptions which are currently estimated to exceed GBP113 million or US$156 million
robjm66: Reading between the lines... “for what we had always required - a conventional schedule of rates arrangement” suggests to me though I might be wrong that kefi wanting an conventional arrangement did not actually want “mining contractor to invest in KEFI shares.” (14 of April). Can see how the contractor would benefit you would get immediate uplift in kefi share price after completion of TK deal and would have exposure going forward to both Kefi Saudi and Ethiopian operations. Then there is the question of how they would buy Kefi shares would the company have to dilute the present holders to create some news shares they could buy at a set price. Could be Ausdrill (as was) felt they had Kefi over a bit of barrel but Kefi “We ran this tender over the past nine monthsR21; did not totally commit as they were looking for “better terms” that Corica Group are now providing. The re-tendering quoted could just be them going back to Ausdrill and saying another group is interested can you match or better their offer in May Ausdrill saying no then Kefi just “wrapped it up now as we head into finance closing”. Another factor could be Kefi simply not needing the funds from selling shares as there was enough money in the potential consortium especially as there was a new headroom facility “In addition, a standby facility of c.US15 million has now been included in the finance plan to provide additional headroom”.
robjm66: RichJJ Estseon better than me by miles for the number crunching. A few points though expect a gold price around 1900 or higher late June early July.. “All-in Sustaining Costs (including operating, sustaining capital and closure but not including leasing and other financing charges) remain c. US$800/oz. Tulu Kapi's Ore Reserve estimate totals 15.4Mt at 2.1g/t gold, containing 1.1Moz.” Sounded like several Ethiopian groups were asked to commit in May but Kefi can now claim under the pressure of time to reduce the level of Ethiopian investment so the 65 percent figure for Kefi I would expect to be higher. “The Project company, Tulu Kapi Gold Mines Share Company (“TKGM”) has submitted to the Ethiopian regulatory authority, for its formal confirmation of compliance as part of the Project finance requirements, an updated detailed Project development and production plan. Whilst final approval of this updated plan is awaited as a condition precedent of the Project financing, TKGM has exchanged formal confirmations with the licencing authority regarding TKGM’s commitment to honour the already outlined Project timetable” kind of puts the ball in the Ethiopian court they cannot simultaneously push for more Ethiopian involvement and at the same time moan that things are taking too long. So could be looking at Kefi share between 70 to 75 percent rather than 65 percent. The 200 dollar higher gold price with a greater share of the revenue should mean that kefi can cover the money that would have come from a Ethiopian group easily through the offtake deal. Slide 3 slide 6 hxxps://
richjj: Rob and Goatherd back in October last year Kefi gave an update re conditional funding which included the statement :- “In-house estimates indicate an anticipated Project NPV for KEFI of 11p/share (assuming 65% interest and US$1,700/oz gold price). This excludes any other KEFI assets, notably the Hawiah copper-gold-zinc-silver and Jibal Qutman gold deposits discovered in Saudi Arabia.” Can you please give a personal view using those same parameters of what maybe an update to this from Kefi might now look like assuming funding is delivered shortly? Also is this share price price prediction quoted is that for post production (as that’s my assumption ) whilst of course the gold price is now a little bit higher at the moment. Thanks for your help.
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