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ElectricLion, you may find this link of interest,i did point out at time how significant this was but was shouted down at time by usual suspects.Today the bill has passed :-) it opens the door to large sustained foreign investors now with international recognised security standards (on a par with USA and Eurozone ). Could not get better for Kefi.

thebanker.com/African-and-Middle-Eastern-banks-eye-Ethiopian-market-entry-1730713979

You are spot on with your analysis here IMO i did a piece on this several months ago and why i thought it would be the starting gun for huge foreign investment to start flowing into the country. We also need to keep in mind that Kefi have got themselves into an enviable position in the country and have stolen a march on the likes of Newmont who are looking to invest big in the country.Newmont could actually partner with us on the new block we just won,no doubt they also want a piece of TK but i think Kefi will not play ball unless we get very favourable terms. Kefi in the strongest position in their history now and we are trading at near record lows :-) Unique life changing opportunity here !

Oppo,of course it is related ,i posted much about this ages ago,it gives real security in law for the foreign owners of mineral assets in the country.The related tax changes are also a game changer,the govt there have been sensible to follow and actually exceed recognised international guidelines.

I did mention this a while ago,the changes to the banking system and changes to tax laws are significant game changers to the money men and CEO,S when looking at investing in the country.As harry has said a few times now "all the stars are aligning". These next few weeks will be momentous for us and it will start with the pending sale of Saudi assets (which could be at any moment ) .Very very happy to have added more into my SIPP on these lows.

I still say Harry will have been watching what has been going on here and other bb,s and social media,he will also not be amused with the "fake sheik" episode.He could well issue the Saudi sale RNS intraday to catch out those who have been up to no good.In my opinion alot of this stuff has crossed over from "banter" into serious criminality and should be investigated.

However our chairman has in his power the ability to suprise when news items are issued to the market,and i for one would just love an intraday :--)

Interesting trade 10m buy just popped up - corporate IMO

FC - Not a good idea to feed the trolls mate,an intraday RNS on the Saudi sale bringing in $50m+ will sort them out IMVHO

Stringer,the truth is that even if Kefi fill the coffers with $50m+ from the Saudi sale and the TK launches fully with the sign-off you will still be on here moaning or picking fault with something or other.Even if the SP multiplies by 10 x you will still be here casting doubt on everything and probably saying if not for Harry we would be 20 x higher.

The Saudi sale makes great sense when you look at the overall picture and what Kefi are trying to achieve,being a junior partner on a large asset with little control over the day to day running is not a good place to be (especially for something listed on Aim ) projects that we get bulk of profits from and can control and influence outcomes of is the baseline we should follow. I am sure many many shareholders agree. Saudi monies coming soon and TK full sign-off is all we need for now to get us a true valuation of the multiple i suggested a week or two ago.

Stebo,post recommended ! at last some decent commentary,i very much agree with your sentiment and i would add one thing further,if you look at the decision to sell the Saudi assets it was decided to focus on Ethiopia,so to me it reads we want to fill our coffers before the FULL TK SIGNING takes place.In other words i am expecting the RNS to be issued on this before we get the TK Rns.I think Harry would know that to get $50m+ into our coffers before the TK announcement is made it will further enhance the re-rate that the TK news deserves.

Like i said i hope the Saudi sale RNS comes intraday for the reasons i stated :-)

I would like Kefi to drop an intraday RNS on the Saudi sale ,if nothing else to witness the likely ensuing Clown-Fest,yes they will all come out the woodwork again and claim this is not real money or there is some problem here or there.

The reality is that Kefi are on the very verge of reaping the rewards of many years hard work in Ethiopia,the company has high status with the President and Ministers and are now favoured in Licence awards.With forecast revenues of £101m Pa for at least ten years at Tulu Kapi it gives us some prestige in the country and the worlds biggest miners will want to come along side us.Exciting times are very much pending .

In my opinionKefi will attract one of the worlds biggest miners to partner this new licence ,is possible Newmont will be chomping at the bit to get a piece of it.They are already in the country but do not have the coverage yet they looking for.Very smart move by Harry to get us out of the Saudi assets ( personally i never liked the structure of the partners there ) and it was an un-necessary drain on us .If we can get $50m or more from this i say put it to better use and that is what he has done.The new licence could provide far more riches than Saudi long term and put us in control of it ( or at least joint control with an equal partner ).All good IMVHO

December and January is going to be an interesting period indeed for Kefi,there is much expectation that the TK project will finally get the required sign-off and also the sale of the Saudi assets ( could bring in more than $50m ) . In my opinion the decision to move away from Saudi and take that further cracking licence in Ethiopia is one of Harry,s best decisions.

Clock is ticking down :-)

For what its worth i also think the Saudi sale is a done deal,if you look at the timings it is obvious they want the sale concluded and cash in the bank before the end of the month and before the AGM on the 2nd Jan. The reasons are quite simply to fully focus on our key assets in Ethiopia and as our flagship project starts major works. I also think we will end up with alternative asset base far better than Saudi and at lower cost and capex.Harry could be about to suprise a few by bringing in $50m or more to our balance sheet ( slightly ahead of launch of our $1Bn + project ) . Very glad to have been adding an additional 30% to my holding in the last week :-)

That is a very good shout for some business being concluded before the AGM on the 2nd Jan ,Kefi will be keen to do this swiftly with the Saudi sale because it will be at the perfect moment just as the flagship TK project gets finally signed off and major works begin. Even if the company decide to do a quicker sale at a slight discount it should still bring in around $50m which is way over the current whole Mcap of the company.

Imagine starting the year with the coffers filled with the Saudi sale and TK started major works and finally signed off :-) it could well happen imvho the clues are there.

Rob,well said , the actual reality is that Kefi are very close to starting the major works at Tulu Kapi which is forecast to have a project NPV of over 12 times the current market cap (net to kefi ) and are about to sell the Saudi assets which will most likely bring in far more than our current market cap.We have new institutional investors aboard and will also be floating on the ESX soon :-) As our chairman has said "the stars are aligning " . Very happy to have added another chunk of shares into my SIPP on these recent games.

I also think there will be an announcement shortly on the sale of the Saudi assets ,the chairman himself has stated he has had some interesting offers over a prolonged period of time,so it stands to reason there are sensible offers on the table already and under consideration.They would not have made public the intention of review or sale unless they were confident something could be tied down very quickly.I say this because of the statement of intent to fully focus on the Ethiopian assets,which means they want to have this done and dusted before the full launch and sign-off of Tulu Kapi.

The Saudi assets sale have the potential to re-coup sums worth more in value than the current entire market cap of Kefi ,orbeit it might be in two or three installments.So we have a very exciting period of newsflow potentially pending here ,and not a time to be on the sidelines.

I think the WHEATON PRECIOUS METALS deal shows that international capital is more than happy to invest into Ethiopia ,and not many people know but Ethiopia is now forecast to be the fastest growing economy in Africa next year ( from its current second position). Kefi Gold are front and centre in this sector now,and i suggest hold an enviable position that many large blue chip miners would cherish as they look to enter the country.

Kefi have just raised the funds for the start of major works at Tulu Kapi ,the syndicate is all pulling in the same direction and want the project launched ASAP and we have full Government and Ministerial assistance in a partnership agreement.And as we have seen in the last few days we are also able to get favourable allocation of new assets in the country,everything and i mean everything is pointing to the dawn of Kefi transforming from a smalltime prospector to a full fledged mid tier miner that can realistically provide exponential share-price growth and market leading dividends over a prolonged period.The placing has presented many new entrants with a chance to enter at a remarkable price ( given proximity to launch ) and existing holders with a bargain level top-up opportunity.

Personally i have added another 30% to my holding last few days :-)

This announcement by Wheaton Precious Metals is significant and timely,the money men are now moving into the country because of the huge returns on offer.Tulu Kapi has one of the best ROI,s on offer so they will have no trouble attracting offtake agreements or partners on the new licence block :-)

Things are going to take off very quick in early 2025 in the region.

First production at Western Mill will put us on the map and help grease the wheels with potential JV partners on the monster copper play and now tungsten thrown in :-)

There has been nothing to suggest any delays on the plan for early december production start at Western Mill, it will be a milestone event INVHO