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That is why we are being eyed for a nearterm T/O in my opinion,anyone who understands geology can see that our Saudi assets are world class and so do the likes of Allied Gold and Newmont , it would not suprise me at all if they takeover Kefi in the very near term future because their other potential routes into the country will be long winded are far more expensive .

You see why they will make a move ? it is obvious IMVHO

This is perhaps the greatest news we could have had at this point IMO Andy Yeo stepping down is the sign that BOIL are now in serious business with better management.Music to the ears of all holders i suspect -)

We are finally getting all the ducks in a row and the new CEO looks like he is determined to get boil into a strong position,we should be clear of that placing overhang finally shortly and get back some value here.

DvH, dont under estimate how huge Saudi is going to be, to judge by that linkedin comment yesterday we could be about to get a whacking RNS on this asset which will put much focus on Kefi. We could easily get back over 1.5p before TK in my opinion.

All the signs are that Saudi could be a "world class asset" and if these deep drills have thrown up massive additional resources how long before Allied or Newmont will have to act ? we are surely in the shop window now and now is the perfect time for a buyer to reap the rewards.If they wait for TK and Saudi to get to next levels they will be forced to pay huge premiums above current values .

I said last week they might get away with a 3-4p offer for Kefi now ,given our lowly valuation ,but if they wait they could be in the 6.5p - 9p region. And there could be new interested parties in the mix too, i would say lookin at that update on linkedin earlier we are about to get a juicy update that may suprise a few people :-)

This is about to get a whole interesting IMO there are more than a few clues that something significant has been discovered if they are down at that depth. Just a thought but it is possible that Harry was waiting for the placing aftermath to subside before a comprehensive update on Saudi operations.If so an RNS could be about to land which could give us some serious traction ahead of the big TK event. Would be nice if we were back to that 1.7p level beforehand and is not beyond the realms of possible with the huge interest in Saudi Gold and the big boys wanting to get in ASAP. And the fact we are a sitting duck for a T/O possibly with Allied or Newmont.

Am considering another £20k for my Sipp early doors tomorrow :-)

Deedee / rob, yes they do not go drilling that deep for no reason and especially after previous indications,my hunch is they thought there was a good chance of new and bigger deeper veins and they could have hit the jackpot at first attempt. This would also be indicative of far larger potential outcrops at multiple depths,if they have hit the mother lode here we could be in for a truly fantastic ride given our lowly current market cap.

Harry may be planning a major Saudi update this week IMO and this could be a massive clue its going to a very good read.

That is fantastic and timely news :-) i cannot wait to see the detailed RNS on these drillholes as it looks to be exceeding by far even the most bullish of previous estimates.

I wonder if ALLIED are watching and waiting to pounce on us :-)

NickE,i do not think their is much of an overhang left here, as with all AIM placings most was pre-sold anyway long before announced. All i am saying is the recent surge in gold prices will have focussed minds even further on available prized assets and we should standby for fireworks , the TK funding is somewhat of a side issue to a buyer because they would sort their own funding in a heartbeat . That is the risk that the current consortium are running by the delays and will serve them right if the assets are taken from right under their noses by a larger outfit. I am sure Harry will do very well out of it should this takeover happen and still be involved at the sharp end.

Consider this, if Newmont or Allied wanted to assemble some shovel ready assets in both Saudi and Ethiopia what would they need to pay and how long would it take them to do it and reach commerciality levels ? i suspect it would cost them more than 3 times value of Kefi market value and take them 5 years or more just to get all the licences ,drilling permissions,and permits etc let alone be anywhere near producing anything.....we know that both Saudi and Ethiopia are now being eyed by the worlds largest miners for some large investments into the sector in those countries...with a buyout of Kefi than can get right into the action for a fraction of the cost and on a timescale to beneft from the bullish foreseeable gold price.

It is game on here IMO

NickE, in business there is no sentiment mate, it comes down to pure economics ,kefi has prized assets that others want which they would have difficulty and be far more expensive to source elsewhere - that is the bottom line . Harry,s role could be carried over into the new company should that be desired,but the big difference for him would be having the financial resources on tap to fully exploit these fantastic opportunities with that key first mover advantage. Do we think the likes of Newmont or Allied would be interested in taking over Kefi fully ? Of course they would because their other potential routes into both Saudi and Ethiopia would cost them a heck of alot more and take several more years even to get at the stage Kefi are at now.

For those reasons we are a PRIME target right now and we could be on the very cusp of some exciting new developments indeed IMVHO, the market will respond accordingly with the real possibilty of several baggers pending here.

NickE, I agree with most of your comments there, as for what Harry would do in the event of an offer ? i think logic would dictate that he would know a larger company taking over would get all his dreams come to fruition alot quicker and no doubt would be keen to work with whoever buys us. Not only will it be a big payday for us but also for him too with his notable in Kefi.

It is game on here now, will we just sit here on a lowly valuation till the big RNS in around 8 weeks time ? or will one of those "known parties looking for Saudi assets" take us out beforehand. My logic tells me to standby for an offer for the company and that it will be a fair one ( given a new entrant into Saudi would have to spend the equiv of near our market cap just to get un-proven territory with licences ) .That is why any offer might far exceed the figures that have been muted on here so far let alone the 4p+ that Ethiopia should re-rate us to.

We will see much FOMO here next week imvho and a possibilty of several days in a row high on the leaderboard, as folks absorb what could be about to happen. All IMVHO

Simms45, you are over thinking things here IMO , the bottom line for a potential buyer will purely come down to what they are prepared to pay for the assets. A secondary consideration for them will be the structure of the share register and if there are any "legacy issues" with the financial set-up of the company and of course any borrowings etc. In the case of Kefi i am glad to report that it gets a positive tick in each of those boxes and thus a genuine glowing gem of a takeover target. And also consider that Harry would likely be offered a new position in the new management should they consider he is useful in keeping him involved.

Would a potential buyer be waiting for Kefi to re-rate in several weeks time ? - or would they be pro-active and get the ball rolling very near term ( now ) and secure a deal for a much better price. Common sense suggests it would be the latter surely,so that is why i am getting quite excited about what could be about to happen here. There is a real possible scenario that any current holders here with shares under 1p could soon be sitting on a 4-5 bagger IMVHO.

Its game on for Kefi now,it will be interesting to see what happens here when the markets re-open after the easter break ,i suspect there will be alot of FOMO going on and also many current holders looking to get sizable top-ups before it really takes off in price.

I was using the 2.5p as a lowball base price,not what i think would actually happen because there will likely be more than one interested parties in a complete buyout of Kefi. Will be more like 3.5p to 4p levels IMVHO

Of course ,when it comes to a T/O it comes down purely to what you get for your money,and i could argue that Kefi offers perhaps one of the best opportunities around in terms of value for money. Even a lowball 2.5p offer i would suggest be accepted by most holders here. Just saying its a possible outcome here.

Looks like we might have a nice close here today,order book has flipped very bullish indeed :-)

Or could we get taken out by a bidder ? lets face it even if the potential bidder proposed an all share buyout of 3 x current SP they would be getting one heck of a portfolio of assets that are advanced.

We should be thinking this is a likely scenario,look at the commodity prices and the apparent lack of assets on the market that are attainable, kefi would be a cracking buyout for someone IMVHO

Yes robjm66,the point i was making is that now with the new sustainable mining act about to be passed into law it fires the starting gun for the big boys to enter, kefi are sitting on very valuable real estate in Saudi and will be in an enviable position with key first mover advantage....that alone is very very sought after.

Kefi are on the cusp of becoming a much much bigger company IMVHO that is why im adding into my SIPP now :-)

I forgot to add - Newmont have already declared desire to develop in Saudi Arabia and if memory serves they actually said the words " We see Huge Opportunity" . As i understand the key purpose of the new sustainable mining laws are to provide a very low corporate tax enviroment to producers who comply with some basic enviromental standards , so perhaps this will be the catalyst for the big money to start moving into the sector. We have first mover advantage which in this instance should provide very well for us IMO

I understand that the Saudi Ministry of Industry and Mineral Resources are due to finalise and publish their new Sustainable Gold Mining laws in the next few days ( so over our easter break ) . This is likely to get a fair bit of coverage in the western media who will probably highlight that there are a number of the worlds biggest miners angling to get into the country to purchase and develop assets...just a thought but because KEFI are already in country and advancing key assets they might get a mention due to our first mover advantages....we could soon see the likes of Newmont for example start to make some big moves in asset purchases in Saudi and i wonder if they would see KEFI as good place to start with potential hook-ups and JV etc.

Game on here IMVHO

Mulder, yes the valuation dis-connect here now is unbelievable,we are either going to see some very tasty dividends and possible special divi or we going to be subject to a T/O at a tasty premium IMVHO

The volume on the buy side here now is the largest it has been for quite some time, it feels like a big buyer is being aided to grab a good slice of PAF at bargain levels ahead of a major re-rating.

Could have a very nice bounce up into the close today IMVHO