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
  +0.0175p +1.10% 1.615p 544,451 16:35:11
Bid Price Offer Price High Price Low Price Open Price
1.53p 1.70p 1.535p 1.535p 1.535p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -6.27 -1.99 10.2

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Date Time Title Posts
22/3/201907:50Kefi Minerals-2010 and into the Kingdom of Saudi Arabia58,367
29/1/201916:02to the wire1
23/5/201811:14KEFI Minerals Interview & Q&A-
13/7/201707:34KEFI - Peripheral Fluff10
20/12/201621:16Kefi Minerals11,334

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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 1.60p.
Kefi Minerals has a 4 week average price of 1.54p and a 12 week average price of 1.38p.
The 1 year high share price is 4.70p while the 1 year low share price is currently 1.25p.
There are currently 628,702,971 shares in issue and the average daily traded volume is 1,445,850 shares. The market capitalisation of Kefi Minerals is £10,153,552.98.
robjm66: Thought I would repost this from the lse kefi think ConverseV2 deserves a vote of thanks for propping the price up if nothing else. Share Discussion for Kefi Minerals (KEFI) ConverseV2 Posts: 3 Opinion: Strong Buy significant value play Today 10:13 Hi guys, Im a holder of Kefi and have been buying since 1.9 all the way down to 1.4. Yesterday i picked up another 3m shares @ 1.75. obviously we all know the story, or we wouldn't be on here, and we wouldn't be parting with our hard earned cash to invest in a risky project in Africa. The facts (as i see them) are so... 1) Harry Adams is a sold leader (i knew him when he was at the helm of Emed) and he just doesn't give up. 2) Gold is a safe haven for the markets......and i think we can all agree the current financial climate is tricky, to say the least. 3) the share price has fallen extremely aggressively in this market from 4p to the current 1.75p, and shows significant value here. 4) Lombard Odier are now out (a previous large seller) 5) Lanstead should be all out now (another large seller) 7) Harry Adams is in Ethiopia as we speak, he wouldn't be there if he wasn't meeting with the government to put this cash injection to bed. I know its a risky play, and im not going to be someone who screams "its a 10 bagger" because that just shouts of desperation and clutching at straws. The facts are simple. This is a well run business operating in a tricky environment with a limited amount of cash, but sitting on a massive asset. If Harry walks away in the next few days with that signature, the stock will obviously get a re-weighting, and if its delayed they have a source of funds they can call on. I know there is still a seller in the market, but hopefully he will be completed soon and the pressure will be off...
indi123: Thanks for the reply cl12201. I'm probably being thick, but I still can't get my head around how much this deal is worth in relation to the Kefi share price.
gibrewog: God what’s happening Kefi share price rising! It must be pre Christmas cheer or something)s leaked out. Is the money finally on its way?
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.
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.
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.
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