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KEFI Minerals - a buy as Tulu Kapi project progress continues

2017-10-12 00:55:12

A quarterly operational update from KEFI Minerals (KEFI) sees it emphasised it’s “pulling together our project funding for the Tulu Kapi gold project in Ethiopia for the closing planned for this year”. This and construction catalysts upcoming go together with a current massive discount to potential net present value…

Kefi - Tulu Kapi update: BUY at up to 6p

2017-09-02 01:23:13

Kefi Minerals (KEFI) has updated the market on the latest developments at the Tulu Kapi gold project in Ethiopia. All of the news is expected, but positive and reinforces our view that this is coming together well and that the value of this asset is simply not discounted in the current share price. Indeed with gold starting to move ahead, the shares look ever cheaper.

Another day and another snippet of good news from Kefi Minerals - buy at up to 6p - target 13p+ to sell

2017-08-14 00:15:00

Kefi (KEFI) has announced that it has managed to reduce the amount needed to bring the Tulu Kapi project in Ethiopia into production by another $8 million. Following news of the $135 million Oryx funding last month the shortfall Kefi faced was $32 million, it is now just $24 million.

Kefi a buy at 5.5p worth 26p says broker Cantor Fitzgerald analyst Asa Bridle

2017-08-11 00:33:01

I see a note about how this research is only meant for funds with $100 million under management but as it is house broker, so clearly not impartial, Cantor's job is to promote the stock so I am sure it will not mind me giving it a wider airing. As it happens, analyst Asa Bridle is no fool so I am not ignoring what he says completely. We own the shares and think they should be trading at 13p+. But 26p? Over to the expert...

Kefi - lifting of state of emergency in Ethiopia, good news BUY

2017-08-08 05:11:49

Kefi Minerals (KEFI) has its flagship operation, the Tulu Kapi gold mine ( to be) in Ethiopia. One by one the checklist of things needed to complete to get this mine into production has been dealt with.

Kefi - Project Funding for Tulu Kapi secured: game on! BUY

2017-07-18 02:02:30

To those who sold we could say "oh ye of little faith" but we cannot entirely blame you, Kefi Minerals (KEFI) has taken a good while to deliver but it has now done so in spades. The company has announced that it has signed terms for $135 million of project funding with Oryx Management Limited to finance and operate all the on-site infrastructure at the Company's Tulu Kapi Gold Project in Ethiopia. The planned financing package also includes funding finance charges during a 30-month construction and production ramp-up period. Game on!

Kefi FY results - numbers irrelevant - this is the key statement: BUY

2017-06-08 02:05:55

For what it is worth Kefi Miinerals (KEFI) lost £1.233 million last year. That is academic. Following the recent placing and VAT refunds from the Ethiopian Government cash is not an issue. What matters and what will drive a re-rate of the shares - now at 5.57p - is progress on the development of the Tulu Kapi gold mine.

Kefi Minerals - revised DFS published - look at NPV! BUY

2017-05-26 00:04:20

Kefi Minerals (KEFI) has published a new DFS ( Definitive Feasibility Study) for the Tulu Kapi project - its first since 2015 and its last before it completes its financing needs and heads towards the construction of an open pit gold mine in Ethiopia.

Kefi formalises ownership structure of Tulu Kapi - buy, upside still 100%+

2017-05-07 02:49:19

This was a done deal for ages but now it has been formalised. It's another box tick to building the mine at Tulu Kapi...

More good news from Ethiopia for Kefi - still a buy

2017-05-04 01:00:27

Most of us probably did not know or had forgotten that Kefi Minerals (KEFI) had a $12 million contingent legacy liability. Well that has now been 96% disappeared.

Kefi VAT Refund - Good news in two ways: Buy at up to 6.5p, target 13p+

2017-04-29 02:03:11

KEFI Minerals (KEFI) has announced that it has finally received a VAT refund from the Ethiopian Government of $1.3 million - call that £800,000. This is good news for two reasons.

Kefi - another box ticked - all on track for construction 2017: Buy

2017-04-27 02:56:01

Kefi Minerals (KEFI) has announced another box has been ticked as it moves towards constructing the Tulu Kapi gold mine in Ethiopia. It has finally agreed with the Government plans to resettle the folks who live around the mine away from operations. And with that done it states "The objective for the Government of Ethiopia and KEFI is for construction to commence in H2-17."

Video: Harry Anagnostaras-Adams, executive chairman of Kefi Minerals, presents at UK Investor Show 2017

2017-04-18 04:22:56

In this video from the storming success that was the 2017 UK Investor Show, Harry Anagnostaras-Adams, executive chairman of Kefi Minerals (KEFI), is at the podium with his colleague Jeff Rayner. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

Kefi Minerals Fund Raise - grit your teeth and buy

2017-02-17 02:21:18

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

2016-12-26 22:06:15

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

2016-11-06 06:10:24

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

2016-11-01 03:37:54

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

2016-10-20 04:41:50

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

2016-10-14 02:21:04

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

2016-10-08 02:18:52

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?

2016-09-18 08:14:55

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 at 0.45p worth 1.5p says broker Ambrian in 23 page note you peasants are not meant to see

2016-09-13 05:27:24

I am warned that this note is only meant to be seen by institutional clients of Ambrian not for peasants like you so no doubt some fascist fucktard of a compliance office will force me to remove it in due course. So feel free to download it and share with everyone you know just to piss off the City jobsworths. We own shares in Kefi (KEFI) so naturally I am biased. Ambrian acts for Kefi so it is biased too. With those big caveats, this is a good note IMHO.

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

2016-07-30 06:07:39

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?

2016-07-27 00:20:50

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

2016-05-16 23:48:34

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

Video: Norman Ling of Kefi Minerals at UK Investor Show

2016-05-11 01:17:37

Norman Ling is a NED at Kefi Minerals (KEFI) another gold play presenting at UK Investor Show. Enjoy,

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

2016-03-08 05:07:51

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

2016-02-06 06:32:14

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...

SP Angel Morning Mining note: Kefi, Herencia, DiamondCorp, Gem Diamonds & Minera

2016-02-03 03:28:21

John Meyer of SP Angel this morning comments on DiamondCorp (DCP), Kefi Minerals (KEFI), Minera IRL (MIRL), Gem Diamonds (GEMD) and Herencia Resources (HER) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

Zak Mir's Great Request Show: African Potash, APC Technology, Kefi Minerals

2016-01-07 03:38:16

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in African Potash (AFPO), APC Technology (APC) and Kefi Minerals (KEFI) setting share price targets for all three stocks.

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

2015-12-24 12:26:32

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. 

Video Interview from Gold & Bears with Harry Adams of Kefi Minerals

2015-12-24 00:32:41

The next interview from Gold & Bears is with my old friend Harry Adams, the CEO of Kefi Minerals (KEFI) an AIM stock we own shares in but not as many as Odey Asset Management. Enjoy

Video: Kefi Minerals presents at Gold & Bears November 2015

2015-12-14 00:38:39

You will note from the disclaimer that FIML now owns a few Kefi Minerals (KEFI) shares. Following the recent placing with Odey backing it big time this play is de-risked and we want a bit more gold exposure. Here is the presentation by Harry Adams from Gold & Bears. Enjoy.

Wake Up! Odey backs KEFI’s Ethiopia venture

2015-11-25 07:18:27

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%.

SP Angel Morning Mining Note: Horizonte Minerals, Berkeley Energy, Goldplat, Kefi Minerals and Trans-Siberian Gold

2015-09-28 03:50:47

John Meyer of SP Angel this morning comments on Horizonte Minerals (HZN), Berkeley Energy (BKY), Goldplat (GDP), Kefi Minerals (KEFI) & Trans-Siberian Gold (TSG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Anglo Pacific, Caledonia Mining, Kefi Minerals and Lucara Diamonds

2015-07-17 02:41:16

John Meyer of SP Angel this morning comments on Anglo Pacific (APF), Caledonia Mining (CMCL), Kefi Minerals (KEFI) and Lucara Diamonds (LUC) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

KEFI approaches project backers - shares could well bounce

2015-06-20 01:50:28

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. 

SP Angel Morning Mining Note - Kefi, Mariana and BHP Billiton

2015-04-22 06:18:54

John Meyer of SP Angel this morning comments on BHP Billiton, Mariana Resources and Kefi Minerals as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Kefi, Kirkland, Landore, Ormonde & Richland

2015-04-13 03:20:31

In an upbeat mood today, John Meyer of SP Angel this morning comments on Kefi Minerals, Landore Resources, Ormonde Mining, Kirkland Lake Gold and Richland Resources as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Kefi drilling at Tula Kapi – “excellent results” says Fox Davies.

2014-08-09 06:15:24

AIM listed gold mine developer Kefi (KEFI) has released the latest drilling results from its Tula Kapi project. There were a number of RC holes drilled as part of a selective infill programme that were targeted to intercept known lode structures and test the structure of the resource model. Broker Fox Davies says the results were “excellent” the best being 9m @ 4.24g/t, 13m @ 3.21g/t, 8m @ 3.94g/t and 15m @ 2.33g/t. It goes on to explain why.

KEFI Minerals Exploration Update – a very positive outcome: Fox Davies

2014-07-15 07:22:40

Kefi Minerals (KEFI) has released an exploration update relating to its 40% owned Jibal Qutman project in Saudi Arabia. Broker Fox Davies has analysed the results and states that they represent a “very positive outcome.”

Kefi at 1.6p worth 5.6p?

2014-06-25 11:58:54

Analyst Mark Heyhoe at brokers FinnCap seems to reckon that Kefi Minerals (KEFI) could be the small cap gold play to back as it aims to start producing within two years. He reckons that the shares, now 1.6p, are worth 5.6p.

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

2014-06-11 10:50:26

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

2014-05-15 03:18:37

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.”

Kefi: Moving forward and gaining momentum at 1.9p says Fox Davies

2014-05-12 11:37:09

KEFI Minerals (KEFI) has announced its annual results for the 12 month period ending 31 December 2013. It reported a loss of £2.59 million. However, top resource broker Fox Davies has published a broker report that argues that “major strides were made towards Kefi becoming a producing company

UK Investor Show 2014 video - Jeff Rayner of KEFI Minerals

2014-04-20 22:32:18

Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Jeff Rayner, KEFI Minerals (KEFI)

KEFI Minerals ups its gold targets

2014-03-13 12:24:25

Harry Anagnostaras-Adams, entrepreneurial founder and chairman of Ethiopian and Saudi Arabian gold play KEFI Minerals (KEFI), does not mince his words. He is happy to extol the prospects he insists lie within the grasp of his AIM-quoted company, following a 60 per cent resource increase at Tulu Kapi in Ethiopia.

Kefi – Update from top resource broker Fox Davies

2014-03-06 10:35:40

KEFI Minerals (KEFI) has today announced further drill results and an increase in ore resources at Jibal Qutman in Saudi Arabia. The new JORC compliant resource stands at 16.7Mt grading 0.92g/t and contains 495,194oz of gold. Of this, 14.4Mt grading 0.94g/t containing 435k oz of gold is in the Indicated category with the balance being Inferred.

Kefi – Creative destruction, Schumpeter's Gale: it’s all good news

2013-12-11 17:01:13

Schumpeter was an economist of a Marxist bent and thus his thoughts can neatly be summarised as those of a prize loon who was wrong on all counts. But his concept of creative destruction can in a variant form be used to describe the beauty of capitalism and that brings us to what looks to be a cracking deal for Kefi Minerals (KEFI) announced today. I met up with the Kefi team yesterday and was made an insider and so have had time to ponder.

Kefi Acquistion – an excellent deal says top broker Fox Davies

2013-12-11 12:38:07

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.

Kefi Resource Upgrade – Fox Davies comment

2013-09-18 10:06:47

AIM listed gold explorer Kefi Minerals (KEFI) has announced a resource upgrade from its Jibal Qutman prospect in Saudi Arabia. 

Kefi Minerals – Fox Davies reports back from four days in Saudi Arabia

2013-06-26 02:55:16

Analysts from broker Fox Davies have just completed a four day trip to see the operations of AIOM listed Kefi Minerals (KEFI) in Saudi Arabia. They have produced a detailed 19 page report on the back of the visit.


Kefi Minerals (KEFI): Above 3p Targets 5p Plus

2013-06-13 05:56:34

Kefi Minerals is a stock I have been meaning to cover for quite some time, especially given the way that the daily chart is dominated by a narrow bear trap below former 2012 support at 2p.

Buy Kefi Minerals (KEFI): Selling Climax Suggests 4.5p Range Highs Again

2013-05-04 11:18:04

One of the most beneficial ways of using charting / technical methods is not necessarily to attempt to predict what will happen next in the manner of a Mystic Meg, but actually to try and determine what has just happened.

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