Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Minerals LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 1.7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +0.47% 5.35p 5.15p 5.55p 5.15p 5.15p 5.15p 447,772 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.2 -0.0 - 17.80

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Date Time Title Posts
22/8/201717:22Kefi Minerals-2010 and into the Kingdom of Saudi Arabia52,488
13/7/201708:34KEFI - Peripheral Fluff10
20/12/201621:16Kefi Minerals11,334
14/4/201614:42Kefi Minerals-Moving into the Kingdom of Saudi Arabia30
14/4/201610:33Pumpkin Head - Kefi flying8

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Kefi Minerals (KEFI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-08-22 14:13:345.1980,0004,152.24O
2017-08-22 12:59:315.315,000265.63O
2017-08-22 12:50:325.166,954358.83O
2017-08-22 12:39:095.162,066106.61O
2017-08-22 12:35:385.3118,8991,004.01O
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Kefi Minerals Daily Update: Kefi Minerals is listed in the Mining sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Minerals was 5.33p.
Kefi Minerals has a 4 week average price of 4.60p and a 12 week average price of 4p.
The 1 year high share price is 9.18p while the 1 year low share price is currently 4p.
There are currently 332,702,973 shares in issue and the average daily traded volume is 1,005,272 shares. The market capitalisation of Kefi Minerals is £17,799,609.06.
neilng: KEFI Minerals plc 307.1% Potential Upside Indicated by Cantor Fitzgerald Posted by: Amilia Stone 16th August 2017 KEFI Minerals plc with EPIC/TICKER (LON:KEFI) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Cantor Fitzgerald. KEFI Minerals plc are listed in the Basic Materials sector within AIM. Cantor Fitzgerald have set their target price at 23 GBX on its stock. This now indicates the analyst believes there is a possible upside of 307.1% from today’s opening price of 5.65 GBX. Over the last 30 and 90 trading days the company share price has increased 0.35 points and increased 0.19 points respectively. The 1 year high for the share price is 9.35 GBX while the year low stock price is currently 3.93 GBX. KEFI Minerals plc has a 50 day moving average of GBX and a 200 Day Moving Average share price is recorded at . There are currently 328,247,143 shares in issue with the average daily volume traded being 261,677. Market capitalisation for LON:KEFI is £17,930,500 GBP.
deanroberthunt: 13-26p it is then, LOL I see a note about how this research is only meant for funds with $100 million under management but as it is house broker, so clearly not impartial, Cantor's job is to promote the stock so I am sure it will not mind me giving it a wider airing. As it happens, analyst Asa Bridle is no fool so I am not ignoring what he says completely. We own the shares and think they should be trading at 13p+. But 26p? Over to the expert... KEFI continues to derisk its Tulu Kapi gold project in Ethiopia which should result in more of the project’s value being crystallised in the company’s share price. Today’s release outlining a 25% reduction in the remaining capital required to complete the project’s financing comes on the back of the news earlier in the week that the State of Emergency in Ethiopia had been lifted, and the news in mid-July that an innovative, US$135m project finance package had been secured. In addition, the news that KEFI is considering completing this final financing piece with a working capital facility and project level equity should please the equity market as dilution will be minimised. We reiterate our BUY recommendation and 26p TP. Reducing the balance - In its recent release outlining the US$135m project finance package offered by Oryx, KEFI stated that the residual financing required for the Tulu Kapi mine, after the Ethiopian Government have invested US$20m in new infrastructure, would be US$32m. The company also stated that it was working to reduce this balance which included various contingency elements. This work has now been completed and the residual funding requirement has been reduced by 25% to US$24m, based on refinements to planned capital expenditure and contingency provisions. Financing the gap - KEFI is now focusing on sourcing part of this residual requirement from a separate finance facility against ore stockpiles which are estimated to include US$15m of contained gold at start-up of production and part of the remaining requirement from project-level equity, negotiations for which have commenced. It remains KEFI's preference to retain majority ownership and control of the Project. The company hopes to complete the financing in 4Q17. If this can be achieved, commissioning of the mine is scheduled to occur in late 2019. Latest estimates for annual gold production are c. 120,000oz pa and All-in Sustaining Costs less than US$800/oz. Valuation - In our initiation note (see: Ancient lands, new opportunities, 15 June 2017) we showed that KEFI was trading at a significant discount to a peer group of companies with gold projects at a similar stage of appraisal (post Bankable Feasibility Study, pre-construction) across a range of metrics. Applying the average of these metrics to Tulu Kapi's parameters gave a US$73m (17.4p) valuation for the project. Applying the same method to the potential underground development project at Tulu Kapi and the Jibal Qutman gold project in Saudi Arabia added a further US$34m (8.1p) to give a total valuation for the company of US$108m (26p). For reference the US$20m investment by the Ethiopian Government in the Tulu Kapi project for a 20% stake implies a US$75m for KEFI's 75% stake, in line with our own valuation for the initial project. Risks - As a junior mining company, risks associated with KEFI include operational risk, commodity pricing and foreign exchange exposure.
cpap man: KEFI Minerals (KEFI.L, 4.30p) – Speculative Buy KEFI has announced it has signed heads of terms for the financing of Tulu Kapi. The financing is in the form of a build own operate transfer (BOOT) contract with an infrastructure specialist called Oryx. The contract is worth $135m repayable over 9 years and with a 30 month grace period. Interest is 8% at $1100/oz and increases as the gold price increases, to a maximum of 16% if the gold price hits $1700/oz. KEFI will require $32m to complete the financing which could come via a number of structures including working capital facility, project level investment and KEFI equity. KEFI is targeting construction to start in 2017 and first gold production in 2019. Our View: When KEFI took control of Tulu Kapi it had a capex requirement of approaching $300m and a significantly lower reserve grade. KEFI has dramatically reduced the capital requirement, improved the resource model, mining method and consequently the mine plan. Management has also been working on a funding solution for 18 months or so in a challenging funding environment. One of the key considerations is to minimise dilution of existing shareholders and maintain ownership of Tulu Kapi. This funding solution achieves both elements and we expect a positive share price reaction this morning. We have a Speculative Buy recommendation. Beaufort Securities acts as corporate broker to KEFI Minerals plc
topicel: And all the times I'm upbeat, does that drive the share price up? All the times I have not posted for weeks, and the share price drifts down, am I responsible? All those long-winded NWB posts promoting the investment case here when it was - gets the calculator out - between 50-85p helped the SP? This one barely visited board with, apparently, all of us very keen for a rising share price yet many happy to let time and value slip by, is the worse for some caustic comments both in public and private by moi-meme? You're having a giraffe as Rodney's brother would have said! Get real Andysand, the value is always just out of reach, around the corner or 'pregnant with potential' but will now be announced by October. So the share price will rise on that fact and not if I don't post, which I look forward to immensely. If only that was all it took. Topicel
robjm66: Hello Cyberbub Lanstead have not got a good track record but the deal here is a bit different. "The Sharing Agreement entitles the Company to receive back those proceeds on a pro rata monthly basis over a period of 18 months, subject to adjustment upwards or downwards each month depending on the Company's share price at the time" Think maybe the plan was to PR blitz kefi and generate a snowball effect, first it gets over the benchmark price then it gets a bit more money so it has to raise less future funds less possible dilution so company worth more so more people buy in so the share price rises so gets yet more funds next month and so on. Would not take that much buying seeing how low volume can move the price here. Just one flaw in cunning plan Kefi suck at PR. Wash my mouth out with soap but what we really need is a load rampers to push the price up to till it starts generating its own momentum then any ramps would be ramps no longer as we would get enough funds from Lanstead to kill of any possible funding requirement coupled with the fact that once the share price is high enough we would probably be able to cut a better deal anyway. Lanstead themselves would make more money at a higher shareprice as well but i guess you cannot have everything.
cpap man: KEFI Minerals (KEFI.L, 0.39p) – Speculative Buy KEFI has announced it has conditionally raised £5.6m which may contribute to the upcoming mine build. Depending on the timing of financial close for the mine, a larger or smaller proportion of the £5.6m could go towards the equity component of the mine funding. On its own, we estimate the money will provide KEFI with circa 18 months working capital. KEFI has also announced a 17:1 share consolidation and that some of the funds will go towards increasing its footprint in Saudi Arabia. The £5.6m will come from directors, Lycopodium and Landstead. Our view: KEFI is working on a number of fronts towards funding the Tulu Kapi mine build by mid 2017. The smaller funding announced this morning allows management to focus on the larger prize. The £4.6m Lanstead facility sees KEFI receive £0.69m upfront and the balance over 18 months. Lanstead's shares are fixed but the price it pays will depend on the prevailing KEFI share price each month. Since we are confident KEFI will achieve financial close for the mine this year (a very significant positive catalyst) we expect Lanstead to pay a higher average price for its shares than current levels. On that basis this is good news for existing shareholders and we maintain our Speculative Buy recommendation. Beaufort Securities acts as corporate broker to KEFI Minerals plc
topicel: Estseon, if Clinton wins we will probably see gold under further pressure and into the December rate hike. After that, let's hope we get some good news for gold as we move into the final five-six weeks of the year when, realistically, Harry can actually deliver on his latest promise to have funding sorted and, for all our sakes, a more buoyant future in 2017 for the Kefi share price. So far he has presided over nothing but a rosy future... Topicel
markb125: HB What is the KEFI share price focast now with a bull gold price of $1350-1400/ oz Mx I need a little cheer up my wife's been sold !
mab: goneawol It is unusual for small caps to have such a large issue of shares but share price appreciation is much more to do with profits, low debt, good ROE, cashflows which kefi is years from still and is reflected in the share price accordingly. However in five years time when the price of gold is back to $1800 and kefi has tk, jibal and hawaih on stream spitting out cash, AND paying dividends then maybe harry can start buying back shares with excess cashflows ;-) The other side of the coin is gold $750 in 5 years time, kefi share price down another 95% from current levels or delisted! They don't come packaged with more high risk/reward than junior golds! place yer bets!
goatherd: Tops, You should try reading my posts before replying to them! I choose my words with care! I did not say price does not matter - though I certainly think it matters less than you do! I merely said that I did not agree that the gold price going up 5% [which I welcome] did not lead me to expect the Kefi share price to increase daily. "We are not producing any so why should the price matter?" was merely an expression of how the market views things. And I would accept that I did not choose my words well there. Inverted commas would have made it clearer.
Kefi Minerals share price data is direct from the London Stock Exchange
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