Tuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreNyota Minerals evaluating new assets after Tulu Kapi sell-down
14th Mar 2014 13:13
Ethiopia-focused gold miner Nyota Minerals said it is looking to evaluate new assets to add to its portfolio after selling off the bulk of its stake in the Tulu Kapi Gold Project during the first half. Nyota sold 75% of its Ethiopian subsidiary, which owns Tulu Kapi, to AIM-listed KEFI Minerals for
Read moreKEFI Minerals firms up size of Saudi gold resource
6th Mar 2014 14:19
Gold and copper explorer KEFI Minerals has increased the size of one if its Saudi Arabian projects and has been able to reclassify the resource from the inferred category to the indicated. The Jibal Qutman project has been raised 3.2% to a JORC-compliant total indicated resource of 495,194 oz of go
Read morePresident Petroleum Chairman adds to already sizeable stake
12th Jul 2013 15:27
The Chairman of South America-focused oil and gas group President Petroleum has added to his already sizeable stake in the company with the stock trading at the year's lowest level. On Thursday, the same day the stock closed at a 52-week low of 15.38p, Peter Levine spent £527,000 buying 3.4m shares
Read moreKefi Minerals discovers gold mineralisation in Western Zone of Jibal Outman
12th Apr 2013 09:23
AIM-listed gold and copper exploration company KEFI Minerals, has discovered new shear zone hosted gold mineralisation in the Western Zone at Jibal Qutman. The company published an operational update on its trench channel sampling and drilling results from its second drilling programme at the Jibal
Read moreKefi Minerals reports encouraging results from Saudi prospect
23rd Jan 2013 09:25
Gold and copper exploration company Kefi Minerals said Wednesday its Jibal Qutman Licence in Saudi Arabia has delivered 'encouraging' results after completing the initial phase of drilling. Its 40% owned licence with Saudi partner Abdul Rahman Saad Al-Rashid & Sons Company returned a positive outco
Read moreKefi Minerals upbeat on Saudi results
4th Dec 2012 09:03
Saudi Arabia-focused Kefi Minerals fell five per cent when it opened on Tuesday after drilling results disappointed some investors. The firm reported 35 diamond drill holes had been completed at its Jibal Qutman licence, where it tested the shallow open cut potential of the gold mineralisation. It
Read moreResource round-up: Kefi Minerals, San Leon, New World Oil & Gas
24th Sep 2012 12:09
Gold and copper explorer Kefi Minerals rose on Monday after it reported promising initial drill results at its Selib North site in Saudi Arabia. Numerous dykes were found that were not evident at surface, the firm said. It added that they could potentially converge to a larger 'parent stock' at dept
Read moreResource round-up: Sirius Petroleum, Thor Mining, KEFI Minerals ...
31st Jul 2012 11:53
Gold and copper exploration company KEFI Minerals pleased investors after it said tests on a site in Saudi Arabia confirmed the presence of high grade gold and silver over substantial widths and strike lengths. It said diamond drilling would begin at the Jibal Qutman Licence in the current quarter.
Read moreKEFI Minerals JV awarded fourth licence in Saudi Arabia
4th Jul 2012 08:08
Gold and copper exploration company KEFI Minerals has received its fourth mineral exploration licence in Saudi Arabia for a period of five years; it has been granted to the Gold and Minerals Joint Venture (JV), in which KEFI has a 40 per cent interest. The licence covers an area of 99.9k square km
Read moreKEFI Minerals projects ready for drilling
5th Apr 2012 11:59
KEFI Minerals, an AIM-quoted gold and copper exploration company, has said fieldwork on its Hikyrin South and Selib North Exploration Projects in Saudi Arabia have reached the stage of drilling. At Hykirin South, samples taken from the waste dumps of ancient mining have returned up to 16.3g per to
Read moreLondon close: Footsie follows Wall Street lower
4th Jan 2012 17:12
Having spent most of the day seeking direction, UK investors took the hint from their US counterparts and banked some of yesterday's heavy gains. Fashion chain Next was one of the day's biggest fallers, after a cautious trading statement. The company said "despite a good final week before Christma
Read moreLondon midday: Footsie back to square one
4th Jan 2012 10:38
UK equities are seeking direction after a morning in which the Footsie moved in a narrow band ranging from 5689 to 5720. Fashion chain Next is a drag on the index, after a cautious trading statement. The company said "despite a good final week before Christmas, November and December sales were disa
Read moreLondon open: Retailers caned after Next disappoints
4th Jan 2012 08:38
Footsie has defied expectations of a soft start and has crept above the 5,700 barrier, helped by continuing demand for resource stocks. Fashion chain Next is a drag on the index, however, after a cautious trading statement. The company said"despite a good final week before Christmas, November and D
Read moreKefi Minerals granted two new licences
4th Jan 2012 08:20
Kefi Minerals, an AIM-listed gold and copper exploration company, has been awarded two mineral exploration licences in Saudi Arabia for its gold and minerals joint venture. The licences, which are for a period of five years, are located in the Central Arabian Gold Region. Kefi Minerals has a 40%
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