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
  0.01 1.22% 0.83 1,000,908 08:39:47
Bid Price Offer Price High Price Low Price Open Price
0.752 0.83 0.84 0.83 0.84
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -4.96 -1.04 10
Last Trade Time Trade Type Trade Size Trade Price Currency
10:39:27 O 7,660 0.8259 GBX

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Date Time Title Posts
08/4/202011:05Kefi Minerals 2020 and beyond3,157
03/3/202016:48KEFI Minerals at the UK Investor show8
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 0.82p.
Kefi Minerals Plc has a 4 week average price of 0.51p and a 12 week average price of 0.51p.
The 1 year high share price is 2.20p while the 1 year low share price is currently 0.51p.
There are currently 1,148,873,172 shares in issue and the average daily traded volume is 7,083,091 shares. The market capitalisation of Kefi Minerals Plc is £9,535,647.33.
bejubiant: There is a simple and obvious solution here.. what is set out in the RNS flow needs to be adhered to and delivered. It’s not difficult. At the turn of the year we were told that the ANS subscription agreements were duly signed, resolutions all passed unanimously (yahooo) and the monies (to purchase said shares)would subsequently flow. They haven’t. The solution here is borne out of a simple doctrine. When you say you are going to do something JFDI (just do it).. no more, no less. We need tangible results now, actions that will result in share price appreciation. All the other nonsense is even less advanced and, based on track record, open to extended drivel. The BOD are responsible for maximising shareholder value, pure, unequivocal and simple. The Kefi BOD have massively failed. The share price proves the stark lack of ability to act in a way that rewards shareholders. Undeniable and pathetic.
tyler durden1: Yes, he could have spent the time on his farm, his Cyprus home etc. etc., but how much nicer to draw a salary? Did he not take shares in lieu of salary, or have I got this wrong, so we have the situation of a lack of progress and delays hitting the share price and in converting salary to shares at a low share price where is the motivation to improve the share price when you get so many more shares converting salary?
taxlosstone: Roll up, roll up!! You pays your money & takes yer choice. Next RNS odds (just for fun): Short term funding with licensed bandit ...... Evens Revised terms for warrants ................... 5/2 Webinar cancelled over Coronavirus fears ..... 4/1 Any other reason (share price negative)....... 5/1 Any other reason (share price neutral) ....... 6/1 ANS pays first tranche ....................... 8/1 Any other reason (share price positive)....... 10/1 Harry admits to being incompetent & resigns .. 33/1
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...
cybaajak: When Kefi was financed by Lanstead, It was the very same mechanic that drove the share price from 5.7p in April 2017 to under 3p in July of last year. Quick Recap. Lanstead were given 84 million shares, a full quarter of the share base to finance Kefi from April 2017 to October 2018. They still hold 20 odd million according to both math & the Kefi website itself from 18th September 2019. So they swamped a market with, first off 2 odd million then ever rising quantities, over 15 months (not 18.. it got broken too badly at the end) to enable the shrinking share price to fund Kefi's needs. At that time, much reminiscent as now, the market struggled to eat up that 2+ million shares. Here we are in November 2019 and in the last 6 weeks ( cannot over emphasize this.. so i'll repeat for effect) THE LAST 6 WEEKS the market has eaten 94 million shares. Even the newly published Kefi Quarterly report uses this to 'promote' Kefi that roughly 6 million shares trade each day through AIM/LSE, when days like wednesday (38 million) thursday (17 million) are the rule rather than the exception. In all reality, IF ANS FUNDS arrive, how people can expect the share price to inflate beyond twice its current level is folly. AND that takes into account the NPV. Current Kefi share price of .71 and company value of £6m. ANS funds for TKGM are quoted as $11.4m (US Dollars not GB Pounds) and KEFI ONLY HAVE a 45% interest in TKGM.
sweetwaters: Andy, Kefi's requirements for continuing funds via death spiral doesn't stop when the TK deal is finalised nor does it stop when ANS provide initial cash for TK. At best TK no longer requires funding from Kefi. I no longer have a view when cash is expect to flow in the other direction from TK to Kefi. So Kefi plc costs need ongoing funding, they indicate at a rate of £100Kpm + Kefi share of any Saudi exploration costs. On the basis of your line of thinking, it is not in my interest to point this out to you as it might result in you not buying further or heaven forbid selling. However I am sure you would rather I did point this out. So why do it? clarity of status, maybe someone else can point out where I have missed something and therefore the Kefi plc financing needs are less or simply this is accurate. Also this is not a Kefi promotional site, it's an investing/discussion board and therefore we should welcome the pro's and con's so we make more informed decisions. If Goatie and others had not been so unrelenting supportive & blinded over the years, maybe this pattern of Kefi management would not be what it is. Actual business progress will improve the share price, real progress not woolly words from HA. Equally us tapping characters into the advfn bullet board makes little to no difference, the entries are quickly lost/dated.
andysand: I see my request for some optimism went unheeded. Pity.One thing to bear in mind though. All holders suffer when the share price falls. But not just because of that; we also suffer much higher dilution than would be the case with a higher share price. I totally get all the frustration. I have been negative on this on numerous occasions. But that negativity in itself will cause further falls in the share price which will then cause more moaning which will then cause...well, you get it. We know the 'big' rise won't come until the finance arrives. But until that day comes, perhaps we could do our bit to help a gentle rise by showing some optimism. And if we can't do that, we can always say nothing. Is that giving Harry a free pass? Absolutely not. But nothing you say here will hurt Harry. So perhaps frustration can be vented directly at him instead. Remember, a share rises on optimism. It is only sentiment that makes share prices go up and down. Andy
cybaajak: @ Lawrence. The Lanstead deal, initialised in March 2017 and meant to last 18 months ended 3 months earlier than what is should have and there was NO clawback from HAA in Kefi's benefit. After that there were a couple of finance deals but the most recent one is with an UN-NAMED shareholder who has never released a TR1 claiming he holds above 3%. If you check back over the past 3 months (well since August the 5th) when this finance package was publicized you will find that, with this latest windfall in the benefactors favour, over 163 million shares have passed through his hands. WAAYYY more than 3% of the company certificates BUT no TR1. It standsto reason that the method in finance is whats called bucket shop. He sells the shares he owns and floods the market, depressing the share price. Pays the funds to HAA/Kefi, then Kefi work out the math AND REFUND the shares to him. As the share price is depressed, the 3 day closing average is LOWER and gets a 10% bonus added in. In effect HAA is selling Kefi down the river, diluting EVERYBODY apart from the un-named benefactor.
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