Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Minerals Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.1175 8.36% 1.5225 93,451,499 16:35:14
Bid Price Offer Price High Price Low Price Open Price
1.50 1.545 1.64 1.415 1.44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.57 -0.75 21
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:55 O 1,970,000 1.455 GBX

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Date Time Title Posts
11/7/202008:11Kefi Minerals 2020 and beyond4,766
10/6/202014:38KEFI Minerals at the UK Investor show10
23/2/202007:32Kefi Minerals-2010 and into the Kingdom of Saudi Arabia64,313
18/12/201918:19KEFI - Peripheral Fluff12
29/1/201916:02to the wire1

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Kefi Minerals Daily Update: Kefi Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Minerals was 1.41p.
Kefi Minerals Plc has a 4 week average price of 0.83p and a 12 week average price of 0.62p.
The 1 year high share price is 2.20p while the 1 year low share price is currently 0.51p.
There are currently 1,411,719,009 shares in issue and the average daily traded volume is 31,365,334 shares. The market capitalisation of Kefi Minerals Plc is £21,493,421.91.
robjm66: From lse board topsharepicks Share price manipulationFri 15:22 Guys we know for a fact there are hundreds millions shares to distribute...…….. now if someone wanted in before the end of June and started accumulating in the open market we would see the share price steadily appreciate. UNLESS somone with a DMA direct market access account keeps resetting the share price lower by throwing in a few hooky low trades. That is what this looks like to me...…. market manipulation. Im going to flag it to FCA they are pretty good at watching they just need a nudge where to look...….. (Personally not sure I agree with topsharepicks present pattern could be down to someone accumulating below 1 pence hence it holding around that range)
cybaajak: RAB Capital have to front up £3.7M for their wadge of confetti. If you google RAB Capital and go see Company House Financial Reports for 2018 (Yes 18. 19 Financials have not been reported yet) you will find that in 2018 RAB made a profit of £300k+ for the year. Where the hell they are getting £3.7m from is unknown BUT, as revealed in the RNS about the share issue RAB HAS to hold 10% of the total shares in issue, to keep their seats on the BoD of Kefi. There WILL be 1.9 BILLION shares in issue, after this upcoming round of dilution for long term holders. SO RAB need to hold back 190 odd million shares, TO KEEP THE SEAT. If that is just a condition they don't intend following on, well, so much for HAA and his deal making skills. Which leaves the rest of their confetti up for selling on the Exchange. It gets a little hazy on the mechanics BUT supposing the share price recovers on either, EG finding willing Financial Victims to support TKGM, OR EG funding TKGM autonomously, timed around June or July prior to the so-called October kick off schedule.. Rough estimates are the market having to absorb about 180-200 million shares in the next 4 months. (Figure estimate made up from RAB overhang AND associated contractors remaining fluid in tough times during Covid). Bearing in mind that doesn't allow for any price bumps occurring with KSA news (PEA, Drill results, New mining Licence Issues) Planning ahead on financial reward is a sketchy and often bad idea. Its what caused the depressive share price over 15 months by Lanstead in 2017/18. At the sake of often repeating myself, they were given 84 Million shares in exchange for a pro-rated monetary exchange a month for 18 months, and proceeded to trickle 2 & 1/2 million shares a month (When there was only 330m shares in issue) at the start of that agreement when the share price was a robust 5p. As the share price gradually ski sloped Lanstead had to dump more to keep the payments at the required level, eventually causing HAA to cut the cord 3 months early. I only remark on it here as this IS NOT the way the RAB deal is constructed, but if RAB WERE to future proof their investment.. AND IS ONLY DESIGNED TO LAST UNTIL OCTOBER... As long as the kick off date doesn't slide, which, I expect is what WILL HAPPEN.
tim_the_trout2: Thanks for the waffles Tops, good news indeed. The webinar was quite vacuous, you didn't miss anything. We're all having weird hallucinations about the Kefi share price. TTT
cybaajak: @ Goatherd 3597. Do I really need to provide ANY so called evidence when just by math alone you can see that the offer was skewed in RAB's favor they MUST have been doing cartwheels into the Meeting room to finalize the deal. JUST on comparison points from 2017 though. 85 million shares issued to Lanstead at a 17% discount to the 5.4p a share price at that time worked out to a non market share price volatility of £4.5m in exchange for a monthly stipend to finance JUST Kefi, NOT TKGM in any way. Lanstead trickle down on the market and the share price declines month on end BECAUSE of the trickle induced by Lanstead themselves. What was 18 months became 15 months WITH NO PENALTY and Lanstead BANK £1.6m free and easy. AND they got paid AS WELL for the Agreement in the first place. NOW, the Share price barely recovering from TWO sucker punches (Failure of ANS to meet their deadline AND Covid 19 disruption) and Adams hands over 1/2 billion MORE shares for LESS FUNDING than 2017 with the caveat that RAB has to hold 10% to keep their seat on the BoD. Hello... 10% is going to be 190 million shares... so the OTHER 200+ Million they are about to receive will get trickled the SAME WAY to fund the initial layout to Kefi yet again. RAB CANNOT LOSE. I wonder IF a seat on the BoD was part of the Lanstead terms but Adams kicked back.. or was offered by Adams but Lanstead refused because that would tie their hands to Kefi back then...
cybaajak: The one thing I have trouble understanding is why does Kefi HAVE to wait until October to START CONSTRUCTION on a mine that will take up to two years to construct, when every entity involved in this debacle, is dependent upon the gold getting sold to provide income. Before you say "the Finance Completion is happening then", up until March this year, that was happening June, and then a visible delay of 3 months was arbitrarily inserted, dependent upon a political party outcome, that is NOTHING to do with a Public/Private Partnership. (Even that delay was further devolved when the General Elections got suspended and a State of Emergency was invoked). I don't profess to understand the intricacies of big business and multi million pound, dollar(Birr equivalent) whatevers, but it all seems shambolic. First the supposed partnership with ANS. 20 months to complete the paperwork only to find there is no money available from a 'prominent group of banks, finance institutions and insurance companies' is the wording used, wanting to have a slice of the good fortune that Tulu Kapi will, eventually, supposedly, provide. Its not enough that being a first mover, in an up and coming democracy, that has topped Continental Africa as "one of the fastest growing African Nations BY GDP". (Whats not mentioned is IT WAS 2nd in the list for 10 years from 2008 to 2018. 2019 it was 8th. If the money that has been invested by the successive governments from then, doesn't start providing a return, 2020 will see them drop out of the top 10 because OTHER African nations are seen to be improving their economic and industrial business levels. hxxps:// A link for you to peruse IF you want to read more). I digress from the original point I was making. Its not enough being a 'First Mover', the companies waiting at the door are lining up and watching (impatiently, presumably), to see the feasibility of doing business here. They then have to watch as the Government itself has to push and pull private concerns to pay their contractually obligated remunerations. Confidence building in motion, yeah but also doubts as well. Along comes COVID19 and ALL the projections are wasted as the world governments struggle to throw money at crumbling economic growth. And prior to the Arrival of COVID19 The Chair of Kefi cuts all ties with a Bond creation. An entity in formation for the best part of 3 years. (Q3 2017 announcement) and decides to sign up with the VERY SAME BANKS that can't provide ANS funding. Then confidently states October is the kick off date for Tulu Kapi, expecting the same Banks to pony up their commercial share on time. I try not to think of the other 'Confidently Stated kick off dates" the Chair has declared but just from recent memory its over 5. Its the actual DELAY in getting the FULL finance that causes a growing concern that this project JUST WON'T start at all. Previous to yesterdays RNS it was the delay of ANS to 'UNCONDITIONALLY' pay the FIRST TRANCHE, conveniently forgetting that was ONLY $9.5m(Birr Equivalent) when ANS were MEANT to fulfill a monetary concern of $38m(Birr Equivalent). If they cannot find the first amount, where will the second, or third, or the rest, come from ? Incidentally, The BOND creation, (in its third year of delay), was subsequently dropped in favor of Two (as yet un-named) Prominent Ethiopian Banks. The very same entities that the members of ANS come from, only in a commercial sense, rather than a private sense. Un-signed paperwork (presumeably being prepared at the moment) continue to do the round robin of in-trays, with declared fiscal amounts on and securities stated therein. IF ANS cannot fulfill their obligation, does that mean the Banks will 'commercially' increase their risk by making up the shortfall ? If so, WHY have ANS at all as partners ? While pondering that question, it would seem incredible that ANS face NO legal ramifications for that failure. Don't get me started on the Oxford Dictionary descriptions of the word 'Unconditionally', or 'soon'. As another poster pointed out above, That is it. That is the news on Tulu Kapi for the next 2-3 months. EG will 'possibly' step in and help out TKGM if ANS don;t front up. All the while juggling between the EG, 2 Banks and ANS(?) how the spoils will get divided. Whilst other Gold Mine Companies reap the whirlwind of improved share prices and future profits of the yellow stuff they have coming out of the ground, either now or in the near future, Kefi share price languishes in the fractions of a penny, whilst the Chair and BoD excavate huge wages out of a diminishing pile of reserves held in Kefi's Bank account. No attempt at cutting costs or sacrificing wages, just profligate wages for a select few, whilst EVERYONE waits around. What was the First Tranche of ANS funding meant to be allocated towards ? Well there is the small matter of the farmers STILL living on top of the land the supposed mine is meant to be under. Remember September to November last year ? 480 million extra shares on the companies dime. £4m+ building homes to move them too, paid for by Kefi shareholders in preparation for ANS funding, paying the farmers to move too. There were other allocations on that funding but what they were eludes even the most confused mind, as that was LAST year. Its now April. Q2 of 2020. ANS haven't paid, the EG may 'possibly' step in for ANS, the farmers haven't yet moved and the schedule gets more compact as the weeks march onwards. No ANS 'First Tranche' $9.5m(Birr Eq). Moving onto the next query.. Without ANS 'Second Tranche' $28.5m(Birr Eq). If they can't fund the first part, what about the rest ? This time last year we were promised that September 2019 Mine Construction would start. (Then a shed was broken into and a couple of shovels were moved). Yeah yeah, I know. We were promised that event in 2017 and 2018. Why should we believe the Chair when he says October 2020.
cybaajak: Adams resigning from EMED, now named Atalaya is here. This link gives details of the EMED actions and share price (about half way down in the middle of the chairmans statement). So at 13th June 2013 the share price was 5.5p This link shows that in March 2012 there was an issue for Toronto Stock Exchange where the Emed share price was 9p. (So 9p to 5.5p in a year.) Its all in the meat and potatoes section of Atalaya. (Previously Emed-Mining). Review anywhere from before 2011 to 2013. the yearly reports show the decline, placings, fund raisings.. thing is Kefi was an offtake of Emed/Atalaya. A long time ago and only those who lost a packet believing in Adams will probably remember. The delays were constant, feedback was sketchy. He still ran with the quarterly publications and updates but even so.. Emed was in decline. In the reshuffle after he left, confidence just seemed to ooze back in. A vital name change and progress on all fronts. 5 years later and they are doing ok. As with all things, the Directors holdings back then were in the financial reports. After his resignation and the improvements to the stock price, Multi millionaire would be a very conservative guess. go look at ATYM. EDIT: HAA shares holding in ATYM
cybaajak: In the 'REAL WORLD' its NOT a 1 year delay though is it. August 2018, Adams RNS'd he had found the 'final piece of the jigsaw'. The funding required to 'get this project moving'. The funding to COMPLETELY FINANCE A MINE TO BE BUILT. HIS, and our savior, was ANS. And 20 months later we still await the 'first tranche'. Not 'Due Diligence, not Checks and Balances, but the promised 'First Tranche' of 3. Unconditional, 100% money back guarantee from Kefi no less (Read as "US", as we'll be the ones left holding the empty wallets) That is not 2019. That is 2018. Before you stick a vote on red down thumb go and review RNS 4625U dated 12 July 2018. From 2006, the Kefi inauguration date to 2014, Adams, and Kefi achieved NOTHING, other than express themselves as a Mining Exploration Company. 8 years of sucking at the AIM thumb, of lifestyle wages and share certificates. In the RNS above Adams lays it all out that THEN, July 12th 2018, was the start of good things for Kefi. Regardless of the 4.4p share price spike, 480m millions shares in issue and a market cap of £14m. The striking thing is THAT RNS was a Company report on the PREVIOUS YEARS achievements. The ANNUAL GM for 2017. And back in 2017 he HAD to consolidate the shares in issue FROM 3 odd BILLION to 240 million and immediately gave to Lanstead 85 Million MORE to kick off the death funding Spiral we have been subject to as investors for OVER 3 YEARS. No, it wasn't ALL Lanstead, but if the share price had not been punctured like a balloon BY THEM, we wouldn't be where we are now. Prior to 2006 Adams chaired Atalaya and was removed by a NO CONFIDENCE VOTE after dragging it to the door of insolvency and/or bankruptcy, through death spiral financing flood waters and profligate share certificate dilution. Does that sound familiar at all ? I sincerely believe he doesn't have the ability to take ANY company from 1 categorization as Exploration to another, Producer. Building a mine takes time. I'm not disputing that. IF it had started construction back then we would have been past the 'first pour event' by now. BUT we haven;t even broken ground. The farmers STILL haven;t moved. (GO BACK FURTHER to APRIL 2018 and read the RNS's dated from then about the Farmer Relocation, plans, requirements etc.. NOTHING HAS CHANGED IN 2 YEARS and more. Apart from the Chair and BoD renumeration packages rising, opposite to the ski-slope ridden share price). ITS 2 YEARS OF NON ADVANCEMENT and WILL BE 3 YEARS PLUS IF nothing is done about the man in charge. SO what IF he does get removed ? Someone with more gumption taking over will be in the same position initially, having to rely on the same arrangements until he, OR SHE, kicks some life into moving this train crash on. Why stick with the 'Status Quo' when whoever leads this, whatever this is, COULD NOT POSSIBLY do as badly, as the incumbent waste of space we currently have ? Stick up for him as much as you want, you believe he is the person that will return to you large amounts of money in excess of what you have thrown at him and continue to throw at him. While sticking up for him, try and look at the past few years or more, see whats changed, what hasn't, what success he can stand by, what marks him out to be the right tool in the right toolbox. I've looked back. Read back. Thought back. All I can sum up is same here there has always been. No market confidence in his ability to carry this off. Empty promises and missed deadlines. Always tomorrow (read: next year, or never). Meanwhile he continues to make bank, at our expense.
cybaajak: The following is a copy of an email sent this morning to Kefi. Good Day. Reading the latest RNS released from Kefi Minerals, its becoming more obvious that however the RNS's are worded, ANS continue to delay their part of the funding for TKGM. Yesterdays Release.. more paperwork, more documentation, more regulation but crucially NO FUNDING. Two weeks ago RNS stated a GM for back pats and group photos on a long awaited success. 5 Weeks ago final documentation for Funding Transfer. Christmas 2019 Funding release Imminent for Project Initialization. November 2019 Terms of Agreement circulated to all concerned parties after which ANS funding would be forthcoming. Mid October 2019 (during horrendous share certificate dilution) Matters in hand to kickstart the Project by the relocation of the resident population after funding released by ANS.. August 2019 Accomodation Build Project initiated, funding by ANS will be the key to ... Does any of this relate to a Business Plan where the pitfalls and fences are a known quantity... An pertinent 'No' would be the answer. However all the above is observation. I have a few questions. 1. What would happen IF ANS fail to provide their agreed, signed, contracted, countersigned, counter-contracted, stipulated FIRST TRANCHE of funding ? (Not imminently, shortly, any day now but forthwith). 2. Within their agreed, contracted, countersigned, counter-contracted, stipulated stipend is there any obligation from Kefi still included, where the CEO of Kefi gave ANS a 'Money Back Guarantee' ? 3. From the well-publicized schedule of the TKGM Project dated from 2019, in what was meant to be a 24 month build programme, where does 'First Pour' NOW APPEAR in the delayed, postponed, paused calendar crunching ? 4. Is there any intention of Kefi, or Mr Adams, making an appearance at this years UK Investor Show 2020 ? 5. More cryptically (and not requiring a direct answer) IF ANS delay funding of First Tranche beyond previously mentioned UK Investor Show 2020, Does Mr Adams intend using the very same Cue sheet he used LAST YEAR for THIS YEAR ? 6. And finally. IF ANS delay further, & the warrants due to be issued, from the last Kefi GM, not TKGM GM (?!) to last fridays, expire. (Directly attributable to the share price languishing in the doldrums). Whats to stop the BoD of Kefi calling another GM to issue MORE warrants upon, what has become a tedious exercise in believing all the rubbish issued in RNS form, from the BoD over the last 3 years ? I await your answers, either here or on the Kefi website, with a curious sense of detachment from reality. A long term holder of shares in this debacle.
laurence llewelyn binliner: #goatherd... there were not many people smart enough to prove Einstein wrong, but he did.. quantum entanglement really is a thing.. :o), a photon from a distant Quasar a million light years away hits the earth, and the KEFI share price goes up, QED....!
sicilian_kan: The usual rag bag of legacy moaners on here. New holders have done quite well. I bought at 0.7p and sold at 1.6p. Back in now at 1.16p and it will be onwards and upwards. Not promising in a day, but this will not be going below 1p. Look at the positives: 1. All debt cleared both convertible facilities and monies owed to contractors and third parties. 2. £1.8m additional funds in the bank. Kefi have not been able to raise such sums for a long time and this shows real confidence from HNWI's in Kefi. 3. The warrant situation is vastly in current shareholder's favour. Either the share price is over 2p within 4 months, in which case happy days, or the warrants expire. This is a very short timescale and again shows confidence by the market in Kefi's prospects. Regardless, they will not be hanging over the company for long. Smaller holders moaning on here should look at the bigger picture. 4. Shareholder and subscription agreements were sent to the Ethiopian Government and ANS on 9 December 2019 to allow their subscriptions for equity into TKGM. This is a massive, massive step forwards and it proves that the project finances with be provided by ANS and the EG very, very soon. The funds ($9.5m) should arrive shortly after the agreements are returned, which should be this month. 5. Some of these subscription proceeds have already been deployed by the Ethiopian Government in order to construct a new road, again showing commitment to the project, which has Presidential approval. 6. Phase one of the community resettlement, debt implementation trigger and the final procurement and contractual arrangements with the principal Project contractors is expected in just one month, in January 2020. 7. Kefi has now been granted additional licence areas totalling 1,200km2, getting the first pick of land following the commencement of Tulu Kapi. Drilling will be funded in 2020 by Project equity subscriptions, which is great. 8. Tulu Kapi will be part funded by a massive bank loan from two local banks rather than a bond. This again is a vast improvement on before and demonstrates the commitment Ethiopia to the mine. Finally, let's conclude with some simple maths. Current share price is just 1.14p. At a gold price of $1,450/oz, the NPV of KEFI's interest in Tulu Kapi is $130m or £101m. Even including all the shares to be issued in January 2020, that equates to 9.6p per share! That is nearly 7x the current share price even after the dilution. It is no wonder the placees are happy to accept warrants with a 4 month shelf life and a strike price of 2p, because that is clearly where the share price is going and...for the bashers on here...wakey wakey, there is going to be a mine here, it is worth a vast amount of money and KEFI has a massive 45% interest in it, which is vastly better than most licensing agreements with majors, where they might be left with just 20-25% AND still having to raise the funds. Just a matter of holding and not for long either. As ever DYOR...
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