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
Eagle Eye Solutions – a trading update it “is pleased to announce”, but how’s that cash position going?
Tom Winnifrith Bearcast - Natch the deadwood press showers me with praise over today's Quindell News: pigs will fly first
Published 4 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 54 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 104 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 163 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 166 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 169 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 190 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 230 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 243 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 262 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 265 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 270 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 272 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 341 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 393 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 444 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.
Published 449 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 461 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 467 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 473 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 493 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 543 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.
Published 546 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 617 days ago
Things are looking up for small gold miners, especially those that are closing in on becoming producers, such as KEFI Minerals (KEFI).
Published 687 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 718 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...
Published 761 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 791 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 949 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 1323 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 1350 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.”