Results

Kefi Minerals Fund Raise - grit your teeth and buy

Published 7 days ago

This Kefi Minerals (KEFI) share tip at a 0.58p offer has not been a good one so far. We apologise and as shareholders share your pain. The shares are now 0.34p-0.36p. We took more shares in this fundraise at 0.33p on the view that the underlying value is c1p per share. So what has happened?

Kefi trading update - buy

Published 59 days ago

Kefi Minerals (KEFI) has been hit by the weaker gold price , issues in Ethiopia at a macro political level and by suggestions that its major shareholder ( Odey) may have its own issues. However Mr Odey is doing, we've established that he is not a seller of Kefi. If he needs to raise cash he will do so via larger more liquid positions. The other issues were addressed in a trading statement last week.

KEFI Minerals has been hit by short-termism but remains a buy

Published 109 days ago

Short-termism seems to be even more prevalent amongst AIM investors these days than I can ever remember previously, and this is having an impact on the share price of any company that has any sort of delay to its business.

Brandon Hill: New modelling suggests Kefi's lead asset worth 7 times current market cap

Published 115 days ago

Brandon Hill is house broker to Kefi Minerals (KEFI) so take what it says with a pinch of salt. Having said that we too like the Tulu Kapi asset which is why at 0.375p we are very happy to own the shares. Following Kefi's recent admission of increased capex, Brandon has changed its models but still claims, in a note out today, that the shares are incredibly cheap.

Kefi, at 0.36p, still worth 1.5p despite operational update says broker Ambrian

Published 126 days ago

Shares in Kefi Minerals (KEFI) may have fallen after the latest operational update to just 0.36p but house broker Ambrian reckons that a 6 month delay to first output and an increased upfront capex spend makes no difference to NPV. Really? Is it sure. Ambrian reckons the shares are still worth 1.5p. For what it is worth we are not selling ours and here is the note:

Kefi unfazed by events in Ethiopia - BUY

Published 133 days ago

The value in Kefi (KEFI) lies largely in its Tulu Kapi gold prospect in Ethiopia. Sadly there seems to be a spot of bother on the ground with the President of that Country declaring a six month state of emergency as it appears that some of the natives are revolting.

Kefi interims - the numbers are academic, the progress is clear: Buy

Published 139 days ago

KEFI Minerals (KEFI), the gold exploration and development company has published its unaudited interim results for the half-year ended 30 June 2016. The numbers are pretty irrelevant but for what it is worth...

Kefi - Operational Update and share price slide - what gives?

Published 158 days ago

The news has been good but the shares have slid. Conclusion? Average down at 0.46p to buy. First to the news from 5 September, an operational update. We will get another next month.

KEFI making progress towards funding which will cause a re-rate

Published 208 days ago

Gold has definitely been one of the best sectors to be in so far in 2016, and whilst I’ve mainly been sticking to those companies in production, there are several smaller AIM listed outfits that are close enough to that stage to have gotten my interest.

KEFI Minerals – “pleased to announce” placing, is it right to be so?

Published 212 days ago

KEFI Minerals (KEFI) “is pleased to announce that it has conditionally raised approximately £3.8 million (approximately US$5 million), before expenses, through the issue of 761,921,740 new ordinary shares… at a price of 0.5p per share”. Is it right to be so?

KEFI Minerals moves closer to gold production

Published 283 days ago

Things are looking up for small gold miners, especially those that are closing in on becoming producers, such as KEFI Minerals (KEFI).

Kefi valued at just 10% of its NPV - Broker Brandon Hill

Published 352 days ago

KEFI Minerals (KEFI) has announced that the Tulu Kapi Gold Project in Ethiopia could be expanded from the initial 115k oz pa to around 150k oz pa by developing the underground potential of the project. Broker Brandon Hill ( house to Kefi and therefore so partial as to be ignored completely) says that the market cap of c$15 million ( at 0.4p) compares to a revised NPV of Kevi's share of Tulu Kapi of $150 million. 

Broker Brandon Hill: Kefi Minerals funding news very positive

Published 383 days ago

We note that former colleague flip flop Ben Turney is (again) urging his followers on twitter to fill their boots with small gold plays including Kefi Minerals (KEFI). We would advise you against betting the ranch on such enterprises but Kefi did have news on its funding for Tulu Kapi last week which was a move in the right direction. Its house broker Brandon Hill, predictably, enthuses...

Robert Tyerman's share tip of the year Number 1 - Buy Kefi Minerals at 0.32p

Published 427 days ago

For an out-and-out counter-cyclical punt, one company that commends itself is bombed-out Kefi Minerals (KEFI), which has been assembling investors' support for developing its Tulu Kapi gold project, holding an estimated 1.7 million oz. in western Ethiopia. At 0.32p, the shares have plunged from 2006's AIM float price of 3p and a 12-month high of 1.32p, reflecting the fact that gold itself at $1,069 an ounce is not far from 50-% off its historic peaks, while the company, steered by seasoned Australian mining player, Harry Anagnastoras-Adams, former boss of fellow AIM  counter EMED Mining, now renamed Atalaya, will need around $120 million (£80 million) to bring Tulu KapiI, not perhaps in the safest part of the world, into production by its targeted start date in the first quarter of 2017. 

Wake Up! Odey backs KEFI’s Ethiopia venture

Published 456 days ago

Unloved KEFI Minerals (KEFI) has won support for developing its $120 million (££80 million) Tulu Kapi gold project in western Ethiopia from major shareholder Odey Asset Management, the £9 billion investment group founded by the redoubtable Crispin Odey. In a new financing deal, Odey will nearly double its KEFI stake to 26% by contributing to a £2.6 million fund raising at a lowly 0.3p, also backed by directors and Australian contractor Ausdrill, which will emerge with nearly 5%.

KEFI approaches project backers - shares could well bounce

Published 615 days ago

Having raised £2.9 million at a lowly 0.8p for its 1.6 million-oz. Tulu Kapi gold project in Ethiopia, hitherto-unloved KEFI Minerals (KEFI) is talking to a ‘short list’ of potential lenders about providing most of the reduced $120 million (£76 million) which Australian executive chairman Harry Anagnostaras-Adams reckons will be needed to take it into production in early 2017, if all goes well. 

Placement Watch – Kefi Minerals, an attractive buy at 1.5p

Published 988 days ago

This morning, Kefi Minerals (KEFI) announced a £2.125million placement to fund its final takeover of the Tulu Kapi gold project, from Nyota Minerals (NYO). The company then followed this with an update concerning director purchases of 4.8million shares, worth roughly £72,000. With a clearly defined plan for the rest of 2014, which incorporates Kefi’s existing cash balance of £2million, does this presenting a buying opportunity for resource speculators on AIM?

Kefi Minerals Tulu Kapi update is positive news says broker Fox Davies

Published 1016 days ago

Aim listed KEFI Minerals  (KEFI) has released a post-acquisition due diligence note regarding its acquisition of a 75% interest in the Tulu Kapi gold deposit late in 2013 from dog with fleas Nyota. Resource broker Fox Davies has published a note on the news which it regards as “positive.”

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