Well no posting over here yet though the thread is on

Beaufort had a note on KEFI Minerals today

During 2016 KEFI was engaged in Tulu Kapi financing, but the process was interrupted in 4Q16 by a state of emergency in Ethiopia. The prime minister has since made progressive changes including new, more representative, federal and regional cabinets and the situation is much improved.

The emergency is due to end in April, which should mean financing is secured during 2H17 (KEFI is pushing for mid-year). The preferred financing structure will involve Ethiopian government funding, project debt tailored to the Tulu Kapi contracting arrangements, and a $20-30m KEFI equity component.

Our valuation and target price is based on this structure and includes the effect of dilution, although we note that almost any financing structure should equate to share price upside from current levels. Financial close will be a major milestone and catalyst for the stock. We recommend a BUY with a 0.95p Target Price.

BUY - 18/01/2017

Huge rise in sp --- may be due to CONsolidation 17:1 - in March 2017 ( DYOR ).
Currently ( Dec 2017 )- 2p9..
Oct-mid-Nov2017, sp= 4p5 - so today is only a minor ( welcome), restoration.