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Kefi Acquistion – an excellent deal says top broker Fox Davies

By ShareProphets | Wednesday 11 December 2013


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.


KEFI Minerals (KEFI) has announced that it will buy a 75% interest in the Tulu Kapi gold deposit, which dilutes to 71.25% after allowing for the Government’s 5% free carried interest, from Nyota Resources for the sum of £4.5 million. According to a research report out from house broker Fox Davies this is an “excellent” deal.



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