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They are very big buys for the likes of TRP for sure, i wonder if we have something brewing on the african newswires :-)

That is two buys of over 220m in the space of a few sessions and a number of consistent 50m and 60m buys too,and a 72m buy too .

Anyone smell a leak ??

Some very chunky buys there for TRP,that is another buy of over 200m to follow on from late last week,this is surely not a retail trade of that size,very interesting timing i think.

225M AND 72M buys just in over the ask at PREMIUM :-)

The thing is that Tower management had the high level meetings with both the Prime minister and the Energy minister and then issued the update shortly afterwards,and that was a clear sign that the RNS has substance behind it.

Yes it has been a long time coming,but maybe it is finally going to happen now,the signs are very good IMO

Keep in mind that during the last month that Kefi market cap has reduced by over £50m but they have added a further £34m to the company coffers,and are about to sign off finally the finance package and have a large cash runway over and above funds needed at TK.

So expect progress on all fronts now and i suggest rapidly,our chairman said over on interactive a few days back that at $5000 Gold Kefi revenues will be close to $1Bn per year...the value on offer here now in simply incredible.

Tony,there is no mystery it was in the RNS very recently - the company "expect".

From Last RNS:

The Company visited both the Societe Nationale de Hydrocarbures ("SNH") and the Prime Minister during the past two weeks in Cameroon, together with Tower's partner Prime. The Company has now been informed by SNH that, following requests from the Prime Minister's office and a further site visit which took place last week, it will recommend to the Minister of Mines, Industry and Technological Development ("MINMIDT") to issue the requested extension of the First Exploration Period of Tower's Thali license for a further year to March 2027, and to approve Tower's proposed farmout of a 42.5% interest in the Thali license to Prime, though the Company is still waiting for written confirmation of this. The Prime Minister's office has separately told the Company that it is convening a meeting together with MINMIDT and SNH to bring the matter to a conclusion, and the Company expects the requisite documentation to follow soon after that meeting.

In Namibia, the Company met with the newly-formed Upstream Petroleum Unit, which reports directly to the President of Namibia, together with representatives from the Ministry of Industries, Mines and Energy. Following the meeting, Tower has been informed that its request for approval of the farmout to Prime of a 25% interest in PEL96 will now be expedited. The national oil company, NAMCOR, has informed the Company that its due diligence on Prime is now complete, and that is only waiting for some further documentation on Tower's local partner to complete its file. Investors will recall that the Company has already entered the First Renewal Period of PEL96.The Company is therefore confident that these approvals will now be documented reasonably quickly, though the Company remains cautious about predicting a precise date for each.

Well i say take a look at that 205m premium buy at 0.0266p late last week and the multiple large 50m and 60m buys at 0.026p since,highly unusual large steady buying when the wider markets were going crazy.

Somebody knows IMO

Asher, i get the feeling that the news is close now,we should see a decent increase in market cap here with the JV accepted and approved and the license extension.It will mean Tower are finally in business after many years of waiting.

In the last month Kefi market cap has reduced by £50m but £34m has been added to the coffers,and the full TK project finance package is now set to be fully signed off and the company also have a healthy additional cash runway above the required TK Project needs.

In other words the value disconnect between NPV and the shareprice has got even more crazy,there will be one heck of a re-rate once this placing is out the way.

Looking at the last RNS i would say there is more than a fair chance they will get both the extension and the farm out approvals very soon,it should add a fair bit of value to the market cap IMVHO.

From Last RNS:

The Company visited both the Societe Nationale de Hydrocarbures ("SNH") and the Prime Minister during the past two weeks in Cameroon, together with Tower's partner Prime. The Company has now been informed by SNH that, following requests from the Prime Minister's office and a further site visit which took place last week, it will recommend to the Minister of Mines, Industry and Technological Development ("MINMIDT") to issue the requested extension of the First Exploration Period of Tower's Thali license for a further year to March 2027, and to approve Tower's proposed farmout of a 42.5% interest in the Thali license to Prime, though the Company is still waiting for written confirmation of this. The Prime Minister's office has separately told the Company that it is convening a meeting together with MINMIDT and SNH to bring the matter to a conclusion, and the Company expects the requisite documentation to follow soon after that meeting.

In Namibia, the Company met with the newly-formed Upstream Petroleum Unit, which reports directly to the President of Namibia, together with representatives from the Ministry of Industries, Mines and Energy. Following the meeting, Tower has been informed that its request for approval of the farmout to Prime of a 25% interest in PEL96 will now be expedited. The national oil company, NAMCOR, has informed the Company that its due diligence on Prime is now complete, and that is only waiting for some further documentation on Tower's local partner to complete its file. Investors will recall that the Company has already entered the First Renewal Period of PEL96.The Company is therefore confident that these approvals will now be documented reasonably quickly, though the Company remains cautious about predicting a precise date for each.

So much nonsense spoken on here and also words about Kefi chairman,i tell you this for nowt there are not many executives that have been able to bring a new frontier mining project to the point of production and have been able to retain over 80% of the project.But Harry Adams has done it and he has done it before too,yes the placing was abit low in terms of 1.2p but at late stage of things it was a mans to an end,i like the term "give a little gain alot" in these scenarios.Keep in mind that the TK project alone is forecast to produce $5Bn alone just from the Open pit operations and maybe as high as $10bn if Gold stays over $5000 for at least 6 years of the 10 year initial mine run,then also look at the underground which could easily match the Open pit operation in both size and scale and Gold grades.Kefi current market cap is just a fraction of the real TK value,and that is leaving aside one of the biggest discoveries in Saudi and our Konso project.

Whichever way you look at it,Kefi and Harry have succeeded where many many others have failed before and they are in the process of turning little Kefi into a solid mid cap Gold producer with ambitions to go even bigger.

This is the reality we see before us .

The company seem fairly confident those approvals are on the way,we should see a notable rise in market cap once confirmed in my opinion.

Actually this could be a masterstroke by Trump,he has given the Iranian,s an offramp and a chance to climbdown,to let things calm down but the Donald will have every excuse to go back in hard should Iran not play ball. I suspect he planned this because of his "transactional nature" .He has shifted pressure back on the regime of Iran and they would be wise to play along in my opinion.

The removal of Insurance for China/Iran bound ships will focus the minds of Iran,s paymasters i suspect.

A reminder what the last update said : i dont think they could issue a more bullish stance or appear more confident.

The Company visited both the Societe Nationale de Hydrocarbures ("SNH") and the Prime Minister during the past two weeks in Cameroon, together with Tower's partner Prime. The Company has now been informed by SNH that, following requests from the Prime Minister's office and a further site visit which took place last week, it will recommend to the Minister of Mines, Industry and Technological Development ("MINMIDT") to issue the requested extension of the First Exploration Period of Tower's Thali license for a further year to March 2027, and to approve Tower's proposed farmout of a 42.5% interest in the Thali license to Prime, though the Company is still waiting for written confirmation of this. The Prime Minister's office has separately told the Company that it is convening a meeting together with MINMIDT and SNH to bring the matter to a conclusion, and the Company expects the requisite documentation to follow soon after that meeting.

In Namibia, the Company met with the newly-formed Upstream Petroleum Unit, which reports directly to the President of Namibia, together with representatives from the Ministry of Industries, Mines and Energy. Following the meeting, Tower has been informed that its request for approval of the farmout to Prime of a 25% interest in PEL96 will now be expedited. The national oil company, NAMCOR, has informed the Company that its due diligence on Prime is now complete, and that is only waiting for some further documentation on Tower's local partner to complete its file. Investors will recall that the Company has already entered the First Renewal Period of PEL96.The Company is therefore confident that these approvals will now be documented reasonably quickly, though the Company remains cautious about predicting a precise date for each.

There is a real chance GOLD moves back to $4800+ by end of this week in my opinion,looking at the futures market there are already signs

Remember that 205M buy late last week @ 0.0266p ,and a long line of steady 50m+ buys @ 0.026p since,makes me think those placing shares are going into very sticky hands.

Looking at our last recent RNS the clear hint from Tower is they "expect"

Actually the DOW moved nearly 1500 points in a few minutes and is now bouncing around,we might see GOLD go an a march again IMVHO

After what Trump has just said we might see Gold regain most of its recent drop for at least the next 5 days, dow futures just moved up nearly 600 points in the space of about 40 seconds and Gold regained 4% in a blink of an eye.

AMAZING !