By HotStockRockets | Thursday 8 June 2017
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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