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Stebo,your post at 13.02pm recommended.....nice bit of work on where we could be in terms of real valuations in the not so distant future.Today,s news of the approval on banking reforms in the Ethiopian parliament has effectively just put rocket thrusters under our pending full financial sign-off at Tulu Kapi.I think those banks wanted the security of the new legislation before transferring the funds.Harry will be tickled pink about this !

I was really impressed with these comments by AB :::

Dr Andy Butler, Chief Executive Officer, commented:

"The close relationship that we enjoy with the government of Timor-Leste, and our shared desire to expedite development of Chuditch gas, continues to result in highly effective collaboration. Consequently, we have arrived at an exciting development concept that we're jointly evaluating, and which offers a potentially fast-tracked production timeline with potential significant revenues for the Timorese nation and all stakeholders. We greatly look forward to completion of the Feasibility Study and further acceleration of our activities as we progress towards the upcoming appraisal drilling and beyond.

Thank heaven for the filter button ! he has been called out many times but still persists in his jibberish.

Stebo,i think i was the first to point out this banking news a few months ago,it is the most significant news item for investing in Ethiopia for a number of years.In basic terms it opens the door for both Banks and large scale investors to come into the country with levels of safety associated with the western world.For us though this news is both timely and the final piece of the financial sign-off jigsaw.

I have added more today on this news :-)

Meadow,suprised you are still here given your views mate.

I still say this will move the full sign-off to a quicker timescale and will likely fit in with the chairmans timeline,if we get the saudi sale news too during this period we will be attracting some huge interest in the company ( not just in UK but worldwide ). Exciting period now begins.

If Sunda have landed an oil major on the this drill i would expect a decent amount of interest in this share,not widely known outside of a handful of people.Timor has the potential to be mahoosive and provide some large revenues just at a time when gas market is strong both locally and international.Think i might add a few more on these lows :-)

Crazytowner,it actually looks like its finally going to happen :-) nice work by harry to get the govt to advance the bill by mid december.I think the projection of all getting signed off this quarter now looks on the money.

The money men will be licking their lips at the opportunities opening in Ethiopia .

Lion,i have said a few times that these reforms of the banking system in Ethiopia are perhaps the most positive news we have had for many years because of what it means for us at Kefi and also the wider investment community that is looking to invest huge sums into Africa,s fastest growing economy.For us this is the final piece of the jigsaw that gets our financing over the line.I expect now the timelines for our sign-off to be rapidly advanced.

GREAT NEWS DAY !

This bill once passed in parliament opens the door to international finance flowing into the country at eye watering levels,many forecasters have stated that Ethiopia will be the fastest growing african economy in 2025.Kefi in the box seat to reap some amazing rewards and end up with a portfolio of assets in the country that will be the envy of some of the worlds biggest miners .

"stars are aligning " as our chairman has said.

Crazytowner,yes a good point and of course harry knows this too,i think he will be in the country over the festive period to get the last details sorted and forego his usual xmas arrangements.All in my own opinion of course.

This was in the local ethiopia news :-) what does this mean for Kefi ? it means the banking system will be fully open to foreign investors and puts their banking system on a par with best international standards as followed by the USA,UK,an EUROZONE.

www. thereporterethiopia.com/42935/

Central bank Governor Mamo Mihretu told a gathering of African finance professionals that he expects Parliament to ratify a pivotal bill permitting foreign banks to enter the Ethiopian market in the coming week.

The announcement came during the Africa Financial Summit (AFIS 2024), which took place this week in Casablanca, Morocco. Pressed for a timeline for Ethiopia’s impending banking liberalization, the Governor told summit attendees that legislative preparations would be finalized very soon.

“We have been working on it for the past year, and next week it will be ratified,” said Mamo, emphasizing the significance of the upcoming legislation. “For any bank that wants to explore the largest economy in East Africa, a country of 120 million people is open to business. This is the historic liberalization of the Ethiopian economy to foreign investment.”

Ethiopia’s banking industry, recognized as one of Africa’s last finance frontiers, is poised for transformation as the Governor briefed a gathering of prominent African bank executives about the country’s substantial growth and untapped opportunities for foreign investment and innovation.

More :::

So here we are just a few trading days away from the end of the year and Kefi is trading at near all time lows,but have never been closer to the significant events many shareholders been waiting for. What are the potential news items we may hear during the next week or two ? Firstly i think we may hear of the sale of our Saudi assets,kefi have given a few clues that they want this sorted out before the major works start at Tulu Kapi ( potential to bring in $50m+ ) . Next up is the full financial ratification of the Tulu Kapi project ( this should become a huge catalyst for a major re-rating of the shares ) the project is forecast to provide Kefi with over £101m cashflow PA for a minimum of ten years and projected to provide sector leading dividends every year of operation.. Next up should be a timetable for a listing of our Ethiopian assets on the new ESX ( ethiopian stock exchange ) and Kefi will initially be the only listed Gold miner on the exchange.Valuations on this exchange are likely to be several times higher than the AIM price and could lead to african based investors loading up Aim shares until the london market at least starts to value Kefi appropriately .

EXCITING TIMES :-)

The licence has never been explored properly,and at the time copper was unloved,however it seems there is more than copper present,tantalum and some rare earths to name a few.Once TK is providing the forecast £101m cashflow they can explore in a more detailed fashion,the point i was making is that licences in the country are quickly becoming prized and many of the worlds largest miners are looking for opportunities.Kefi won this because of our close relationship with the Govt and ministers and President.Remember TK started from nothing and will soon be a $1bn asset with a very high ROI .

In my opinion Saudi is and was the wrong asset at the wrong time,our focus should be on our majority controlled interests where the revenues come the soonest.Is a great move by Kefi in my opinion.

The company recent decision to sell the Saudi assets and concentrate on our main area of focus Ethiopia is in my opinion a very sound move.Since that decision was made the company have already been awarded what appears to be a very good new licence in Ethiopia in the form of the Konsa Critical Metals area.Looking at the timing of this decision to sell the saudi assets it is clear that the company want this timed ahead of the full financial sign off at Tulu Kapi expected in the next few weeks.Artar may well want our stake but it is not a certain outcome,there will be others interested which the chairman has hinted before,and at very least that will force Artar to pay a fair price.Edison suggest values of up to 0.62p per share if fair value is met. So in summary that news of the sale of Saudi assets could be announced anytime and if as i predict this is done before the Tulu Kapi news i think we will see an even bigger re-rating of the shares.

I was using the guideline figure from the Edison report,they would not be plucking figures from the air.The key points for me is removing some liabilities from our balance sheet,and replacing with an on par asset we have control of which is what the new Konsa Licence seems to be.Filling the coffers in the process at just the right time in the cycle.

GLAH

No Bonkers no nerve here just stating facts,about time you gave this up mate,if i had the amount of venom you have i would have left this share long ago.The real action is about to start here ,the payback of many years waiting ,it would be good to have sensible discussions and not kindergarten cop meets stockholm syndrome blues every day.

I still say Kefi could catch a few out here by an intraday RNS on the Saudi sale,i dare say if we get $50m we will see bonker +18 saying we should have got $51m !

Bonkers,i have just seen your post,firstly i am one of the oldest members of this site and only have one account,i have run a successful subscriber only blog for nearly 20 years and probably have 10k of members for every birthday you have had (assuming you are over 10 years old ). Funny how in your post you used the term "proberbly" which is an obvious spelling mistake - it is spelt "probably" .Which then made me do some brief research on yourself,it turns out that that exact spelling mistake has been used by 18 usernames on this website and all those multi-Id,s registered within 2 weeks of each other.And researching further all those 18 usernames share 6 unique phrases in sentance,s of over 8 words. So the chances that all 18 of your alter ego,s are the same person is something like a 97.7% chance. It is amazing what you can find out if you have the tech mate :-) shall we leave it there or do you want me to do some real in depth digging around ??

Yes these are very good end encouraging figures,PAF is one of my best picks in the last 5 years and i think it will get a whole lot better still.Mr Coots deserves much credit for this strong performance,and the market can clearly see a strong record of delivery by him and his team.As such we should be moving into a new trading range soon,and see the actual and real progress reflected in the valuation.I would be very suprised if this clear record of growth and success is not reflected in a higher P/E ratio as we are still way behind industry standard.

42p to 48p would be a fair reflection of where we are currently IMVHO

Another sizable delayed buy popped up - nothing to see here !

Price - 0.5149p - Volume - 6195068