KEFI Minerals. WKN: A0LGJ7. Gold-und Kupfer

Beaufort Securities Breakfast Alert KEFI Minerals

Yesterday, KEFI Minerals announced that it has raised £666,106 gross through the placement of 66.6 million ordinary shares in the company at a price of 1p per share. The company placed the shares after the agreement with the Goldfields lapsed as the latter missed their deadline of 8th May 2015 for an investment of £3m in the company. Following the aforementioned issue, the company would have fully utilized its delegated authority for the issue of further ordinary shares. Hence the directors of the company would seek authority from the shareholders to issue additional shares at the next month AGM. Directors have indicated their intention to inject a further £250,000 in the company through ordinary shares. Separately, the company’s Tulu Kapi gold project remains on track and requires a financing of approximately US$120m from Q4 2015.

Our view: The decision to forego funding from Goldfields and go ahead with the placement of shares to raise money signifies the management’s confidence and ability to generate funds for the seamless progress of its projects. Kefi is the operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, comprising of the highly prospective Tulu Kapi and the Jibal Qutman’s. The recent geophysical survey results at Hawiah site have revealed the presence of a significant metal-bearing body at depth while the drilling and trenching work at Red Hill and other prospects have signalled an increased mineralisation zone at Jibal Qutman. The company expects to conduct more detailed geophysical studies to further refine the anomalies encountered and identify targets to be drill tested. Separately, the recent JORC compliant resource update for the Tulu Kapi project in Ethiopia is likely to bring in financers for the project. Thus, given the upbeat results from the ongoing exploration programme at the assets across Saudi Arabia and the Democratic Republic of Ethiopia, we reiterate a Speculative Buy rating.

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ANNUAL REPORT 2014     22.05.2015
Notice of  Annual General Meeting (“AGM”)     22.05.2015
PROXY FOR ANNUAL GENERAL MEETING         22.05.2015
Notice of AGM, Publication of Annual Report & Accounts and Appointment of Joint Broker      22.05.2015

http://www.kefi-minerals.com/

http://www.dakotafinancialnews.com/...eaufort-securities-kefi/175021/

On Friday, Kefi Minerals notified that its Annual General Meeting would be held on Monday 15th June 2015 and the relevant AGM material and the latest annual reports are available on the company website. Moreover, the company appointed Beaufort Securities Limited as its Joint Broker with immediate effect. Brandon Hill Capital would continue as the Joint Broker and SP Angel Corporate Finance remains the Nominated Adviser to the Company.

Our view: Kefi is the operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, comprising Tulu Kapi and the Jibal Qutman. With the mining license received, the company remains on track to become a gold producer in 2017 at Tulu Kapi, where it gained the complete ownership by acquiring the remaining 25% stake (that it did not own) for £1.5m in cash and shares. The company is conducting more detailed Preliminary Feasibility Study to further refine the anomalies encountered and identify targets to be drill tested at the Jibal Qutman prospect; a Mining Licence Application has also been drafted for the same. The significant progress and new discoveries made in Saudi Arabia with Jibal Qutman and Hawiah projects are expected to follow Tulu Kapi in short succession. Separately, the recent JORC compliant resource update for Tulu Kapi is likely to bring in financers for the project. Given the swift progress, we reiterate a Speculative Buy rating on the stock.

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sichere Finanzierung

http://www.proactiveinvestors.co.uk/companies/...ation-work-3834.html

http://www.miningweekly.com/article/...tulu-kapi-prospects-2015-06-04

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Tulu Kapi wird erwartet, dass im Jahr 2017 in die Produktion kommen, die Ressource ist derzeit 1.000.000 Unzen, aber das Unternehmen hofft, daß durch weitere Explorations verdoppeln.

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http://www.stockmarketwire.com/article/5057528/...ses-2-point-9m.html

http://www.lse.co.uk/...ancial_Bought_Kefi_Minerals_Shares_In_Placing

Flaggschiff Tulu Kapi Projekt in Äthiopien

http://www.proactiveinvestors.co.uk/companies/...dentials-108332.html

http://www.miningweekly.com/article/...letes-tulu-kapi-dfs-2015-06-24

http://www.octafinance.com/...ls-plc-lonkefis-speculative-buy-rating/

http://www.proactiveinvestors.co.uk/companies/...-quarter-108575.html

von schlechten Eltern 183%  

http://www.kefi-minerals.com/

http://www.dakotafinancialnews.com/...ufort-securities-kefi-2/233592/

Kefi Minerals (LON:KEFI, 0.88p) – Speculative Buy

On Thursday, Kefi Minerals announced one of company’s directors’s, Mr. Jeffrey Rayner, has purchased 1 million ordinary shares of 1p each at 0.845p per share on 29th June 2015. Further, 370,000 Shares were purchased by him at 0.84p per share on 30th June 2015 and over 1.2 million shares at 0.845p per share on 1st July 2015. Henceforth, with the purchase of over 2.6 million shares in the past few days, Mr Rayner now holds 14,676,083 shares, representing approximately 0.84% of the company’s issued share capital. He also holds 20,333,000 incentive options which have exercise prices ranging from 1.32p to 4p per ordinary share.

Our view: Purchase of more company shares by its director is an encouraging sign and instils confidence that Kefi is headed in the right direction. The company has done exceedingly well in the past few months if the recent quarterly results are anything to go by. Its flagship Tulu Kapi project made material progress towards production and remains on track to start mine construction by the end of this year and gold production by 2017. The support from the Ethiopian government has been encouraging and the completion of the DFS and an advanced stage project financing bodes well for the company. In a short span of two years, Kefi Minerals has managed to enhance its Mineral Resources and Ore Reserves from 200,000 oz and nil respectively to approximately 2 million ounces and 1 million ounces. The company’s two major prospects – Tulu Kapi and Jibal Qutman – are expected to commence production over the next two years. Kefi is the operator of these two advanced gold development projects within the highly prospective Arabian-Nubian Shield and expects them to be cash generative in the near term. With the current market capitalisation approximately £14m compared with an NPV of US$156m at a discount rate of 8% for the Tulu Kapi project, the company seems to be significantly undervalued. We expect a considerable upside in the share prices going forward and therefore reiterate a Speculative Buy on the stock.

Beaufort Securities acts as corporate broker to Kefi Minerals plc

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http://www.wkrb13.com/markets/678797/...g-for-kefi-minerals-plc-kefi/

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bauen

The UK mining company that has been prospecting for gold and associated minerals in South-West Ethiopia, KEFI Minerals Ltd, is gearing up to construct a large-scale gold processing plant in Western Wollega, Tulu Kapi locality.

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