The December 2017 edition of the UK Investor Magazine is now live: What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips , plus sexism at the BBC
Goals Soccer Centres – ‘investment delivering improvement’, ‘progress from strategic recovery plan’. Hmmm…
Published 2 days ago
KEFI Minerals (KEFI) has updated on the most recent quarter, including on Tulu Kapi project financing and that “the final Tulu Kapi project models were agreed within the consortium and uploaded into the formal financing data rooms. They show some improvements for shareholders, as compared with recent company guidance”…
Published 4 days ago
I start with some bad language as I prepare for coffee with the fit young mums. Then it is on to Kefi (KEFI), Countrwide (CWD) and finally, at length, Paternoster Resources (PRS) where change is afoot. I also discuss the duties of a CEO, should he be a share ramper, ref Versarien (VRS).
Published 50 days ago
I was wondering what had happened to my old pal the uber posh convicted felon and cop beater, the Right Honourable "Champagne" Charlie Gibson. Well here the old boy is, interviewing Harry Adams of Kefi (KEFI) in which we own shares. Harry insists that all is on track and I think the shares are very cheap at a 2.8p bid having taken the sort of thrashing last week that Charlie thinks should be reserved for uppity members of the working classes. Finalise financing and approvals in Q1 2018 and they should race ahead. Anyhow, over to Harry and the UK's most upper class cop beater
Published 52 days ago
Good news from KEFI Minerals (KEFI) with an announcement that the Federal Supreme Court of Ethiopia has dismissed its potential liability regarding an inherited claim for damages. However, the shares currently remain depressed following a project finance update...
Published 56 days ago
Luke Johnson was bang on the money at the weekend in his description of the current market madness. In that vein I discuss Milestone (MSG), On Line (ONL), Vela (VELA) and Tizania (TLS). This will end in tears. I take my hat off to Luke Johnson after today's results from Patisserie Valerie (CAKE) but still have two major concerns, a three if you include valuation. I look at Andalas (ADL) and its new death spiral funding and also cover Kefi (KEFI) and Falanx (FLX)
Published 71 days ago
Apparently broker Cantor Fitzgerald has strict instructions that this note is just for institutional investors and not for the great unwashed, filthy private investors. So I may get a pompous letter oiirdering me to take it down. But since we are loyal shareholders, pro tem.
Published 103 days ago
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…
Published 143 days ago
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.
Published 162 days ago
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.
Published 165 days ago
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...
Published 167 days ago
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.
Published 188 days ago
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!
Published 225 days ago
According to leading bullion dealer Sharps Pixley, the elections leading to a 'hung parliament' in the UK have seen a rush into physical gold by investors, as the country slips into a political vacuum. The uncertainty both in the UK and indeed geopolitical concerns across the globe have fed into firmer gold prices which have risen 11% so far in 2017 in international markets.
Published 228 days ago
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.
Published 242 days ago
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.
Published 260 days ago
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...
Published 264 days ago
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.
Published 268 days ago
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.
Published 270 days ago
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."
Published 279 days ago
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.
Published 281 days ago
In this video from the storming success that was the 2017 UK Investor Show, in the 'Dragon's Den' companies have a 60 second pitch to Gary Newman, Tom Winnifrith, and Steve Moore for three £1,000 investments. This fifth and final round features Concepta (CPT), Sanderson (SND), Kefi Minerals (KEFI), BlueJay Mining (JAY), and Berkely Energia (BKY). And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Published 339 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?
Published 343 days ago
Yes I did. It was on the way back from the mountain village of Kambos to Kalamata. Some podcasters might have salivated and regarded this as an opportunity. But I am not Justin the Clown, still smarting from rugby defeat for his beloved Wales at the weekend. But I thought it was my duty to help anyway. I digress from the main features of this podcast: Kefi (KEFI), Mila Resources (MILA) and the China fraud Jiasen (JSI). I also look at a share price of a stock where I am an insider - oh no not insider dealing on the AIM casino I hear you say. And then I update on the Dirty Dozen AIM Resource portfolio which I shall launch later today.
Published 392 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.
Published 409 days ago
Hedge fund manager Crispin Odey has had an awful year. His uber bearish macro calls have not paid off and his big long and short stock bets have nearly all gone terribly wrong too. When funds are in this much trouble it can have devastating effects on certain stocks. So what is in the Odey death portfolio?
Published 444 days ago
I am a gold bull and hope that after Donald Trump wins on Tuesday we will see another big leg up. Hence we retain big positions in gold plays such as Petropavlovsk (POG), Wishbone (WSBN) and smaller holdings in Kefi (KEFI). So what does the chart say? Over to Palisade Capital.
Published 447 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.
Published 459 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:
Published 461 days ago
The Mrs is staying with the mother in law for another day meaning more peace and quiet for myself and Oakley and another day not to tidy up various messes that have been created. What bliss. In the podcast I discuss Kefi (KEFI), some very serious questions for the scam Highlands Natural Resources (HNR), Magnolia Petroleum (MAGP) and placing ahoy Strat Aero (AERO) as well as Boohoo (BOO) anj Asos (ASC)
Published 465 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.
Published 469 days ago
I start on the issue of hate crimes against gays and Brexit and the Guardian just showing it does not understand data analysis as it spreads palpable lies - see HERE. Then it is onto comedy central with Conman Windham and apps for millennials via Valiant Investments. You really could not make this up. I comment on Eurasia Mining (EUA), Golden Saint Resources (DOGWITHFLEAS), Pittards (PTD) and Kefi (KEFI).
Published 471 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...
Published 491 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.
Published 491 days ago
Earler this week, I had an appointment with the Home Office in beautiful Croydon to determine if I may stay in the country. Tom immediately set out a call to readers to convince Amber Rudd that I should be deported immediately.
Published 496 days ago
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.
Published 545 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?
Published 565 days ago
The new board at Nyota Minerals (NYO) has published a corporate update which is dire as far as it goes but the most important fact, the one that really matters, is missing. That is to say, Nyota does not say just how little cash is left. Was this an accidental oversight by dozy Nomad Roland "Fatty" Cornish or was Nyota just afraid that the truth would prompt another sell off of the shares? Its too late to find out for today as it is just past eleven to Fatty is right now waddling off to start his four course luncheon.
Published 581 days ago
Today I plunged into the wildest parts of the land at the Greek Hovel. In the far corner the olive trees are immersed in frigana, long grass and bushes. If I was a snake that is where I'd live. No question. Tentatively I plunged in to prune but I looked nervously around me every step of the way. There are some areas where the plants are just so dense that I don't dare head in. I will need to call fearless George the Albanian to "assist me" with those. Or maybe I tackle them in December when the snakes are hibernating? Anyhow, as I pruned I thought of all those AIM CEOs sitting at their desks in London, earning vast salaries for shuffling paper around.
Published 616 days ago
The link is in the side bar but Ryanair (RYA) Euro loon Michael O'Leary is today hoisted on his own £315 million EU petard. Fecking excellent news. Elsewhere I look at the piece of Turkish that is Golden Saint Resources (GSR) - still pissing away £3k a month on PR genius Steffi - as it heads for insolvency again. Then it is onto Nighthawk (HAWK) and Trinity Exploration (TRIN) and the problems for banks that lend to oil companies. Then I refer to HSS Hire (HSS) and cover Andalas (ADL) again as its shares sink like a stone. They have a lot further to sink, sell now!
Published 622 days ago
Norman Ling is a NED at Kefi Minerals (KEFI) another gold play presenting at UK Investor Show. Enjoy,
Published 637 days ago
Gold seems to be in an uptrend so maybe it is time to get a bit of exposure to the gold sector once more? But how? We adsked ten writers connected to this site and/or speaking at UK Investor show on Saturday if they had to bet the ranch on one stock what would it be?
Published 649 days ago
I really hate backing IPOs. Many companies just struggle to adjust to life as a public company, it is like those cricketers who are great at proper cricket but just can't make the adjustment to the pyjama game. Whatever. We have had a small exposure (well not that small actually) today in Bluebird Merchant Ventures (BMV) - Bluebird Mining as was - which is the first mining stock to make it to the London market in eight months.
Published 685 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.
Published 719 days ago
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.
Published 740 days ago
Featuring shares in Afriag (AFRI), Image Scan (IGE), Kefi Minerals (KEFI), Management Resource Solutions (MRS), Physiomics (PYC) and Wishbone Gold (WSBN) with share price targets set for all six stocks.
Published 740 days ago
John Meyer of SP Angel this morning comments on Base Resources (BSE), Kefi Minerals (KEFI), Kibo Mining (KIBO) and Xtract Resources (XTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 741 days ago
Paul Scott may be Britain's top share blogger but today he served up the sort of grotesque factual innacuracy which would put David Lenigas to shame. I start on that matter and Birthday communications with the younger generation. Then it is onto Afriag (AFRI) - Incoming! Watch this space. Then to Boohoo.com (BOO), Aquatic Foods (AFG), MX Oil (MXO), Magnolia Petroleum (MAGP), CIC Gold (CICG) and London Capital (LCG). I also mention, en passant, Kefi Minerals (KEFI)
Published 746 days ago
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.
Published 760 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.
Published 761 days ago
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
Published 767 days ago
As I noted with Kefi earlier, we want a bit more gold shares exposure in our portfolio and Armadale (ACP) is certainly cheap. So note the disclaimer again. Here is the reason why it is cheap explained in a presentation from Gold & Bears. Enjoy...
Published 771 days ago
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.
Published 788 days ago
Featuring shares in 88 Energy (88E), Independent Oil & Gas (IOG), Inspirit Energy (INSP), Kefi Minerals (KEFI), LGO Energy (LGO) and Oxus Gold (OXS) wth share price targets for all six stocks.
Published 789 days ago
To misquote the Beatles I am back in the EU.S.S.R and so this podcast again contains bad language and sexist comments. I am off the leash again. In it I naturally mention David Lenigas ..more on Jabba tomorrow. Then it is onto SeaEnergy (SEA), Clontarf (CLON), Weatherly (WTI), Tungsten (TUNG), Odey Asset Management, Kefi (KEFI) and a Russian hairdresser with very large breasts.
Published 789 days ago
John Meyer of SP Angel this morning comments on Atlantic Coal (ATC), Herencia Resources (HER), Kefi Minerals (KEFI), Obtala Resources (OBT) and Weatherley (WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond and some thoughts on lithium.
Published 789 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%.
Published 792 days ago
Featuring shares in Armstrong Ventures (AVP), Berkeley Energy (BKY), China New Energy (CNEL), Kefi Minerals (KEFI), Teathers Financial (TEA), together with some share price targets.
Published 802 days ago
John Meyer of SP Angel this morning comments on Caledonia Mining (CMCL), DiamondCorp (DCP), Kefi Minerals (KEFI), Mariana Resources (MARL), Petra Diamonds (PDL) and Shanta Gold (SHG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 826 days ago
John Meyer of SP Angel this morning comments on Galileo Resources (GLR), Griffin Mining (GFM), Kefi Minerals (KEFI) and Richland Resources (RLD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 831 days ago
John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Kefi Minerals (KEFI), Ormonde Mining (ORM), Savannah Resources (SAV) & Shanta Gold (SHG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 832 days ago
John Meyer of SP Angel this morning comments on Beowulf Mining (BEM), DiamondCorp (DCP), Firestone Diamonds (FDI), Kefi Minerals (KEFI), Intelligent Energy (IEH) & Weatherly International (WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 840 days ago
John Meyer of SP Angel this morning comments on Central Asia Metals (CAML), Glencore (GLEN), Kefi (KEFI) and Gemfields (GEM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 847 days ago
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.
Published 866 days ago
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Anglo Platinum (AMS), Condor Gold (CNR), Gelncore (GLEN), Kefi Minerals (KEFI) and Minera IRL (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 868 days ago
John Meyer of SP Angel this morning comments on Aureus Mining (AUE), EMED Mining (EMED), Gemfields (GEM), Glencore (GLEN), Kefi Minerals (KEFI), Leed Resources (LDP), Minera IRL (MIRL), Noricum Gold (NMG) and Savannah Resources (SAV) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 889 days ago
John Meyer of SP Angel this morning comments on Condor Gold (CNR), Dalradian Resources (DALR), Glencore (GLEN), Kefi Minerals (KEFI) and Minera (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 920 days ago
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.
Published 936 days ago
John Meyer of SP Angel this morning comments on EMED Mining (EMED), IronRidge Resources (IRR), Kefi Minerals (KEFI), Ortac Resources (OTC) and Sirius Minerals (SXX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 943 days ago
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Central Asia Metals (CAML), Kefi Minerals (KEFI), Kenmare Resources (KMR), Kibo Mining (KIBO) and Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 947 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.
Published 951 days ago
John Meyer of SP Angel this morning comments on Conroy Gold & Natural Resources (CGNR), Kefi Minerals (KEFI), Metminco (MNC), Thor Mining (THR) and W Resources (WRES) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 963 days ago
John Meyer of SP Angel this morning comments on Johnson Matthey (JMAT), FinnAust Mining (FAM), Kefi Minerals (KEFI), Metals Exploration (MTL), Sirius Minerals (SXX), Stratex (STI), Ortac Resources (OTC) & Rambler Metals (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 965 days ago
John Meyer of SP Angel this morning comments on Acacia Mining (ACA), Avalon Mining (AVI), Cobre Montana, Kefi Minerals (KEFI), North River Resources (NRRP), Rio Tinto (RIO), West African Minerals (WAFM) and Zenyaatta Graphite (ZEN:CAN) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 978 days ago
John Meyer of SP Angel this morning comments on Bushveld, EMED, Kefi, Mwana, Ormonde, South32, Tertiary & Weatherley as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1014 days ago
In an reasonably ungrumpy mood today, John Meyer of SP Angel this morning comments on Anglo Asian, Aureus, Mariana, Kefi and W Resources as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1021 days ago
Here goes for round three of the raging debate on Ariana Resources (AAU) and chief chearleader for the bears is John Meyer of SP Angel who lets rip in today's note. Apparently Arianas new prospect is in the "hookers capital of Turkey" - when's the journalists field trip? Meyer also comments on Kefi, Amara, Hummingbird as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond
Published 1262 days ago
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.
Published 1321 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?
Published 1351 days ago
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”