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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 Shares Traded Last Trade
  +0.065p +4.96% 1.375p 1,729,037 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1.25p 1.50p 1.345p 1.345p 1.345p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -6.27 -1.99 7.6

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Date Time Title Posts
09/12/201823:08Kefi Minerals-2010 and into the Kingdom of Saudi Arabia57,599
23/5/201811:14KEFI Minerals Interview & Q&A-
13/7/201707:34KEFI - Peripheral Fluff10
20/12/201621:16Kefi Minerals11,334
14/4/201613:42Kefi Minerals-Moving into the Kingdom of Saudi Arabia30

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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 1.31p.
Kefi Minerals has a 4 week average price of 1.30p and a 12 week average price of 1.30p.
The 1 year high share price is 4.70p while the 1 year low share price is currently 1.30p.
There are currently 552,702,973 shares in issue and the average daily traded volume is 1,123,578 shares. The market capitalisation of Kefi Minerals is £7,599,665.88.
cybaajak: Someone recently asked Kefi management a direct question about the cost of the upcoming agreement for Kefi Financing in 2019. I feel its worth pointing out here, in advance of the General Meeting to vote on the resolutions to pass said finance, that the details in the Q & A ONLY refer to the COST of the FINANCE. No mention in the calculations the actual scale of the shares that will be needed to full-fill the repayment clauses. What is not mentioned in the Q & A is the agreement involves the Finance Issuer has the choice of taking HALF of the Finance Package back as shares when Kefi repays the loan collateral. 1. So if Kefi draws down £2m of finance, the cost increases to £480k or 12.0% (10.8% excluding legal costs). This is 24 million shares @ 2p or 4.3% of the current issued share capital. PLUS 50 MILLION SHARES @ 2p instead of the capital ALL being repaid out of the the funds expected WHEN the BOND gets issued (IF EVER !) 2. So if Kefi draws down the full £4m of finance, the cost increases to £830k or 20.8% (19.5% excluding legal costs) of the Facility. Or equal to 41.5 million shares @ 2p or 7.5% of the current issued share capital. AND 100 MILLION SHARES @ 2p, instead of the capital ALL being repaid out of the funds expected WHEN the BOND gets Issued (IF EVER !) Why would such drastic finance be required IF there was any expectation the Luxemburg would actually agree to a BOND ? There is no mention of future share price rises in that agreement, like when the Consortiums Finances get paid, OR the BOND gets issued, or even if new discoveries are made during planned exploration. WHICH, even in the darkest of projections, some share price recover 'could' be expected to happen. Reminder: Lanstead got 84 Million shares to provide 18 months of finance and look what happened since. This upcoming "deal" issues at minimum 74 million shares and 141.5 million at the top end...(25% of the current share certs in issue) and its slanted towards the Loan Issuer that recompense is at the 2p mark not at what the current share price will be in the future. Death Spiral Finance is looking kindergarden confetti by that benchmark.
jaylett: "They will get there with the project but the question will be how many shares have been raised to get there" This is the most relevant and important point. Any idiot could have turned TK into a functioning gold mine with enough time and unlimited money; the trick however is to do so without wiping the company out in the process. HAA's only real job at KEFI has been to assess opportunities and then pursue those which offer a realistic prospect of return to shareholders; not just those who buy in the day before the first gold pour, but those who support the company from inception to completion. Ethopia came out of nowhere years ago and was described as being the promised land. It has been anything but so far. Yes, dilution is a necessary evil for an early explorer and any realistic shareholder must expect to inject more funds to maintain their holding over time, however the absolutely fundamental fact is Harry has got us into a project which has been a bottomless pit of resources and still shows no sign of real progress or actual funding. He seems to have utter contempt for the share price and comes across as being obsessed with realising a 'project' to call his legacy; a functioning gold mine in an emerging market that brings economic and social benefits to the community. All that is admirable, however if I wanted to enter the charity sector I would have given my top up money to UNICEF. Instead I am massively underwater, including my most recent buy from the 2.5p placing, which I stupidly assumed would be both the last one required and the floor for the share price; the last fund raising before real money finally showed up for this 'must do' project. How wrong I was. The fact I need a close to 100% return just to break even on that buy alone shows the true scale of the incompetence here. I've given up all hope now of an actual profit on my holding @9p average and instead hope to exit on a spike with at least half my shirt intact. I suspect many feel the same and that as much as anything else will kill the prospects for KEFI in the future. HAA and his mindless forays for funding at any cost have eroded my patience and now I just want out. TL;DR - pointless rant
red rook: dean, IMO the share price will continue to drift down since there will be NO significant news until mid December when the $9m tranche is expected to arrive. That's two months of a news vacuum on AIM ! Another failure to meet this time-line and the price will crash to sub 1p. It's Harry who has created this situation. It's not be the fault of posters pointing out the vulnerable situation that Kefi has been put in. Also, do the current consortium members really care if there is another delay, or if Kefi's share price crashes. Does Kefi being taken private, or sold at a distressed price, effect the Tulu Kapi Project. As for Harry, I think that what ever transpires he will come out of it OK. It should be remembered that on AIM not all shareholders are created equal. Some are more equal than others, especially BODs.
flawlesskicks: Hope67 - The Lanstead loan was basically a giant death spiral short. The money given to Kefi was swapped for discounted shares so basically they could just keep feeding cheap shares into the market at a time when there was very little demand. This created a false market and a false share price. The same happened at VAST last year. Their share price got driven down to around 0.12p at one point. As soon as the cheap shares ran out, they bounced to around 0.8p immediately. The same thing is going on here. We don't know how much Lanstead had left to sell but it was 8.5% in June. The also had CFD trades on (possibly short trades) as they knew that they could batter the price by selling shares into the market at a lower and lower price. Total manipulation but the only way they make money out of the CFD shorts is by closing the positions - again causing a violent up swing in the price.. It WILL happen. It is inevitable as they must have very few shares left now.
cybaajak: Just wanted to put this out there for people to consider. Today Chaarat Gold released an RNS stating their Mine Construction Company have now mobilized in getting the 'initial construction assets' deployed to the Tulkubash site situated in Kyrgyz Republic. Initial site is to be a 5km access road, a temporary camp for 50 construction workers and facilities for their use. Its also planned that the main camp construction for 200 then 360 workers will begin Q2 2019. Gold isn't expected until end of 2020. Why mention this here on Kefi BB. Well as a comparison, Kefi aren't even ready to remove the farmers. They will need an access road (being built by the Etheopian Road and Traffic Department, sometime in 2019). A source of Energy for the construction phase (being built by the Etheopian Energy Department, again sometime in 2019). Going by the forecast released by Chaarat they still have 2 years before first gold and they are at LEAST 6 months ahead of Kefi in the construction phase. IF Kefi has to wait for the access road and energy link up BEFORE construction asset mobilization this will slip beyond 2022. BUT Chaarat share price is 12 times that of Kefi so there's that.
estseon: digger, sorry, I don't follow. The investors that I was referring to were those committing (I hope) to inject $30m into KME, which is currently wholly owned by Kefi. I doubt that they are looking at the Kefi share price at all. Their interest will be in TKGM, which is and will remain a subsidiary of KME, and the potential from exploration by KME when it gets the formal award of the licences, allocated and set aside for Kefi by the government but held pending commencement of construction of the TK mine. The early targets for the exploration campaign, so far as I understand it from what the Company has said, will be Guji-Komto, which could produce oxidised ore for heap-leach processing at TK, potentially boosting production by 30% or more, and the unnamed VMS deposit, which could be hugely valuable. However, the exploration cannot commence until the licences are awarded; that will be (see Q&A's) on commencement of construction of TK; which cannot happen (I would have thought) before the relocation has taken place; the timing of which is wholly in the hands of the government (but might commence/take place in October 2018). The Company's share price is irrelevant to these investors. They are paying $30m for a 30% interest in KME, which will own a diluted 77% interest in TKGM. On this basis of valuation, Kefi's diluted 70% interest in KME should be worth $70m or £54m, which is not far off 10p/share. I doubt that the investors lined up to provide capital to KME are doing so for charitable purposes and it is reasonably safe to assume that they are expecting to reap a profit on their $30m commensurate with the risk being taken. So 10p/share, relying on their appraisal, which (hopefully) will be backed by their cash, should be the kicking off point. Certainly, investing in KME is not the same as investing in Kefi: there could be further dilutive issues next year to fund exploration but there is also the potential from the Saudi operations when they recommence. That $30m injection of capital should throw down a marker for the value of Kefi shares in a rational market.
robjm66: Well do not think much has been overlooked here I did say I hoped harry would be able to pull something out of the hat and avoid a dilutive placing for working capital purposes but was not certain of that so I was waiting to see before I topped up. This was in spite of the rabbit of the vat refund congratulations for that. No one is arguing that the gamble of lanstead did not pay off for kefi. A higher share price would have benefited lanstead because their kefi shares would have been worth more. Things should and could have been up and running before now in Ethiopia but things were derailed by the a previous state of emergency and the banks getting cold feet. The information does not refer to the Ethiopian syndicate as that was not the definite deal kefi was going for at the time. Kefi getting a smaller slice of TK is actually the preferred deal of most shareholders which is why myself and others were constantly dropping unsubtle hints that kefi should invite investment at project level rather than company level. Can see a rerate being possible on further funds from the new equity investor as we had a spike just on the realisation that one likely existed. That’s not even considering other posative news and hopefully likely progress imho. Kefi has had little problem finding new resources would expect them to find more resources in their TK licence area and they still have a easily developable resource in KSA waiting if things can get back on track there one day. Ps where’s estseon these kind of posts are his job!
chopper harris1: It seems that it makes no odds to the KEFI share price whether there’s a State of Emergency or not.
neilng: I can see a trend in the share price and I seek an explanation. I buy and increase my six figure investment (cost not value)- share price falls Gold price increases - share price falls NPV improves - share price falls We build a school - share price falls We have confirmation of resettlement - share price falls Gold price increases - share price falls More gold to dig up - share price falls Faster throughput of production - share price falls Government confirms to invest - share price falls Australia caught cheating at cricket - share price falls I buy more shares - share price falls Bond arranger mandated (not to be confused with loan ranger)- share price falls Huddersfield avoid relegation share price falls I must be a jonah but I will not abandon ship.
cybaajak: Can I just say thanks to Aim for the webcast find. If that webcast had been done by BRR I'm sure the share price would have reacted more positively. Also. No equity level dilution at the top end for the last 20m piece of the jigsaw, due to Kefi share price I'm going to add, "this is a good thing" but don;t want you all thinking I am referring to the actual share price . Plus. He mentions the start of the drawdown of the Bond funds being delayed to end of Q1 or start of Q2 2018 as the 30 month delay in the repayment period then kicks in.. March/April 2018 means September/October 2020 repayments, so the mine is planned on being in production for 9 months beforehand. As long as the GoE says 'yes' its all good...
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