sods law AT, i was just saying how it is never tipped etc LOL..sorry mate
That said, exploration costs are kept reasonably low by Kefi's joint venture agreement with its local partner. Kefi o
nly holds a 40 per cent interest in the licences so it has to cover just 40 per cent of expenditures in the country. That said, its minority stake in the projects may deter future suitors – assuming (and it's a big assumption) that the company finds a large enough gold deposit to justify building a mine.
As is typical with early-stage explorers, Kefi is under-researched and no analysts cover the stock except for those at the house broker, Fox Davies. Kefi's share price is consequently volatile - it traded as high as 8p in 2011 and as low as 2p in summer 2012, before rebounding to 4.5p in October. However, we see the current level of 3p as an attractive entry price.
SHARE TIP SUMMARY:
As a frontier explorer operating in a jurisdiction that can only euphemistically be called 'emerging', Kefi comes with its fair share of risks - not the least of which are geological. The odds are stacked against early-stage explorers, but the few companies that manage to find something worthwhile are rewarded handsomely. We think Kefi's projects are among the most promising early-stage mineral explorations on London's Alternative Investment Market - making Kefi our standout choice for blue-sky tip of the year. Buy
I don't have full access..but you get the gist..( maybe someone else is a member)
Kefi's golden promise Saudi Arabia isn't the first country that comes to mind for gold exploration - the Gulf nation is better known for its reserves of black gold. But there is growing evidence to suggest there is plenty of the yellow stuff, too, and junior explorer Kefi Minerals (KEFI) is leading the international hunt to find it.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.