Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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

By Robert Tyerman

24 December 2015 12:26

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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.

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Comments

Cliff Morris

26 December 2015, 09:30

Compliments of the season Robert,
You must be a very forgiving soul Robert. Kefi Minerals might be a BUY but only because it is bombed out. How anyone that has come across Harry the liar could trust him again, I do not know. I piled into EMED on the back of Tom’s and T1ps .com recommendations. I watched as he was interviewed by that gobby Ozzy Sandra Spencer, I watched him at Master investor many years ago tell more lies about EMED. He made a fortune out of failure and looks like he will achieve the same again unless gold shoots up to $1500 an ounce. I live close to the Rio Tinto mine north of Huelva and have seen enough to there to put me off. If copper was to shoot up by about 50% Atalaya would warrant a serious look.