Member Info for Hubstar

Yes the key point is Kefi are now fully funded ( actually overfunded ) and it means we are fully in business at TK ,the 1.2p placing was a giveaway but its a means to an end and Kefi saw it as a better outcome for shareholders to raise this way.

My guess is we are about to see real rapid progress now on everything Kefi does,not only TK but also KONSO and Saudi too.

Would be nice to get news early next week :-)

I dont think those institutions had to think too long to get onboard what clearly is going to be a 10 to 20 bagger in the next year or two :-)

Just a shame they only offered a small amount to retail investors so we had a chance to grab some too.

Yes are we really suprised it was over subscribed,it is clear that Kefi now have a cash runway all the way to first revenues from TK and can also work on other projects. This is an incredible opportunity :-)

SERENDIPITY

Having studied this latest development i think it is a smart move by Kefi,i think the key takeaway is that we are now fully funded ( infact overfunded ) and this fundraise was more beneficial to shareholders in the long term as it replaces "higher cost capital" .Also to bring in more institutional shareholders with an intention to go to the Main List of the stock market is exactly what the company should be doing right now.

I not happy with the 1.2p placing level but it is a means to an end and obviously attracted the institutions in at a time when wider markets are on a wobble,so although we might get a dip down to the placing price i think there could be a scramble to buy if it touches the 1.2p because the amount being offered to retail investors is quite small in the offer.

It would not suprise me at all that if after a brief dip ,we start motoring again because this project is now fully funded and largely de-risked,and we must keep in mind that just one years of our projected revenue is currently several times higher than our market cap,and the initial ten year mine run in the open pit could be worth well in excess of $5Bn USD ( with a realistic chance of early debt re-payment and sector leading dividends over a number of consecutive years ) If i get a chance of more at 1.2p i am certainly having them !

Despite all the nonsense spoken on here today,this is actually very good news and we can finally say KEFI IS IN BUSINESS !

Not quite the case Chess - the exact time a trade is executed is the time it has to show when it is published ( whenever that is ) , if the arrangements you suggest were happening it would be highly illegal.For example it is quite common to see a trade published a day or two after it is made but it still has to publish the real execution time and date...in the case of the large £50k + buy today i suspect its a straight "mark to mark" from the placing shares.

All i say is the timing today is interesting given the last RNS comments...we will find out very soon i suspect :-)

It would not suprise me if Kefi have been watching wider events lately and would want to get that update out as soon as possible,i dont think Harry will be happy seeing all the recent progress wiped out and have as back at the placing price...or indeed Chancery too.No logical reason for the recent drop but personally have been happy to add another wedge of shares :-)

I would also add that given the current situation in Iran,we will see African Oil start to become in big demand and as such many of the deals that were waiting for approvals will get moved up rapidly.Tower is one such candidate and there could not be a better time to announce it ,because Oil looks like staying high for the foreseeable future and safer routes of supply will be in demand.

Interesting situation here for sure.

It was a real time buy mate,look at the trades today and look at the timestamp,given the last RNS i would say keep an eye on the newswires as Tower may finally be in business.Remember they made the statement after the meeting in the Ministry :-)

19-Mar-26 - 14:23:56pm - 0.02662p - 203,000,000 - 54.04k

Very interesting that the local press are reporting it now and using those words,maybe just maybe the deal has been struck as Tower have indicated...wil get a very tasty bounce if its announced IMVHO

Clearly a buy because the sell price has not been over 0.0255p all day and they would not take a sell of that size at a premium....i say keep an eye on the newswires :-) because something is cooking IMO

No it was a live trade today ( maybe the high oil price has speeded up the signatures on the deal imvho )

19-Mar-26 - 14:23:56pm - 0.02662p - 203,000,000 - 54.04k

Crazy drop last few days ! considering Kefi have just started major works on a $4Bn + project with forecast revenues in just one year more than twice current market cap i see SERENDIPITY is well and truly here.More in the SIPP for me today :-)

Harry actually said in a piece on ii yesterday that one year revenue will be just under $1Bn at $5000 Gold!

Maybe that RNS is coming :-) that is not beer money ( someone knows something )

Why does our chairman use the term "Serendipity" in relation to Kefi,s outlook...right time and right place to open a mine in this region and the forecast ROI,s look astounding.

"Ethiopia is currently experiencing a surge in interest from international gold mining companies looking to acquire, develop, and explore assets in the country. The sector is characterized by a push to transition from a marginal producer to a major African gold hub, driven by favorable geological prospects in the Arabian-Nubian Shield and recent government incentives.Tulu Kapi Gold Project (KEFI Gold & Copper): The most prominent project, which has secured $340 million in funding for development. Located in western Ethiopia, it is expected to start commercial production in 2027, with plans to produce over 4,600 kg (164,000 oz) of gold annually. "

This just increases the chances of a T/O many fold

Simms,i wonder if we might start to see the likes of Chancery buying in the open market here soon,they sure know the discount at the moment is large and maybe they cannot resist adding to their investment.

"Ethiopia is currently experiencing a surge in interest from international gold mining companies looking to acquire, develop, and explore assets in the country. The sector is characterized by a push to transition from a marginal producer to a major African gold hub, driven by favorable geological prospects in the Arabian-Nubian Shield and recent government incentives.Tulu Kapi Gold Project (KEFI Gold & Copper): The most prominent project, which has secured $340 million in funding for development. Located in western Ethiopia, it is expected to start commercial production in 2027, with plans to produce over 4,600 kg (164,000 oz) of gold annually. "

Simms,yes they are indeed a sitting duck for a T/O ,we also have to remember that at Tulu Kapi it is not just the forecast revenues of $4Bm USD over the next ten years but also the underground assets too which could even exceed the open pit,and also consider only a small part of the TK licence area has been explored.The buyer not only can buy a decent bankable asset now but also have a free hit on potential resources in excess of the known current resource base at TK.They also get KONSO which could be a huge multi-mineral rare earth play and Saudi too.

Exciting times lay ahead i suspect.

The point i am making is that Kefi are very low hanging fruit for a big miner looking for a prominent position in Ethiopia,it will be a very handsome payday for shareholders if it happens and i suspect Harry and the team will do very well today.For example they would perhaps keep Harry as the project manager and interface with the government.In the current Gold price enviroment anything is possible and likely probable.

Whatever happens from here i predict it will be exciting and be very positive for shareholders

Takeover price here if it happens will be at least two times future projected revenues,that revenue is forecast to be $400m+ Per Annum and at least ten years of the initial mine run which equates to over $4Bn USD .So even a lowball offer would be $750m to $1.2Bn region.

Not saying this is a cert for a T/O but at moment there are the worlds biggest miners looking for entry into Ethiopia and Kefi are perhaps the most attractive potential target partner for a big miner,not just because of the Assets but because of the "preferred status" they enjoy in Ethiopia.The buyer will be buying far more than just Tulu Kapi they will be buying themselves a seat at the top table in the country.

Just my thoughts.