Member Info for Hubstar

From Last Update :

"Great Western Chairman Brian Hall commented: "Western Milling is in the final stages of bringing its mill on to pilot production. Essential work is being finalised, primarily to ensure that operations meet the requirements of stringent health and safety regulations for a mining operation, at both state and federal levels. Great Western is supplying tailings from the OMCO Mine for first production from the plant together with initial batches from its stockpile of mined ore. Shareholders will be well aware that this project has taken much longer to reach this stage than we initially expected but we are confident that ownership of a local mill will provide a significant opportunity for the Company to process historic waste material as well as newly mined ore. Following a recent site visit, we expect production start-up in early December."

Someone buying quite big in the 0.50p - 0.51p range,possibly this is the new ii,s adding to their position ahead of the big RNS.I still say dont be suprised if Harry drops news of Saudi Assets sale intraday,there is so much going on behind the scenes and things are moving a pace ( finally ).ADDING :-)

Do not forget what Brian Hall said in the last Mill update ( early december commence )

"Great Western Chairman Brian Hall commented: "Western Milling is in the final stages of bringing its mill on to pilot production. Essential work is being finalised, primarily to ensure that operations meet the requirements of stringent health and safety regulations for a mining operation, at both state and federal levels. Great Western is supplying tailings from the OMCO Mine for first production from the plant together with initial batches from its stockpile of mined ore. Shareholders will be well aware that this project has taken much longer to reach this stage than we initially expected but we are confident that ownership of a local mill will provide a significant opportunity for the Company to process historic waste material as well as newly mined ore. Following a recent site visit, we expect production start-up in early December."

Dont repeat it shalmar,it is only good courtesy to keep company related news on their own bb,s ,yes there is cracking news out at GWMO today but it should be confined to its own bb.I appreciate if you keep it off here and over there.

Many thanks

So lucky to be offered the gift of nice discount on my latest buys here :-) TK will be starting major works soon and still we have nothing reflected in the SP. Harry could easily catch a few out here by also announcing sale of Saudi assets for a tidy sum.Much good things going on with Kefi at moment ( savvy investors will be loading IMO ). End of this year and start of next i expect some HUGE progress all round. I am still adding :-)

The grades look very decent i agree - i think the company have been aware for some time that there is some value on this and maybe the people they been talking with about the copper JV are also keen to work on this.Just my instinct.

Shalmar, please dont post here about other companies,yes great RNS out at GWMO but talk about it on their BB not here please.

"Hubstar i just seen your post on GWMO ( totally agree ) super RNS and might see that high on leaderboard later,when news is picked up.RNS not on many newsfeeds yet :-)"

This news today is fantastic ,adding significant value IMVHO

. Six new claim blocks staked to cover Pine Crow and Defender tungsten workings

· Previous grab highlights from these claims of 2,590, 2,430 and 1,600 ppm tungsten

· Separate area of prospectivity identified 9 km to the southwest

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing gold, silver and copper targets in the Walker Lane belt of Nevada, USA, announces three tungsten targets over both newly staked and existing claims in Mineral County, Nevada.

Great Western Chairman Brian Hall commented: "Our extensive claims in the Walker Lane Belt of Nevada are rich in many minerals. Over the last two years we have reacted to copper being designated a critical mineral in the USA, revisited our copper prospects and have reported, with independent verification, the possibility of a copper play on a far larger scale than the resource we have already established through drilling in the same area.."Tungsten has also been officially designated a critical mineral in the USA and in light of this we have revisited known areas of elevated tungsten which were highlighted during our recent exploration programmes. Having thoroughly reviewed all the data for tungsten on our claims, both historical and recent, there is strong evidence of the metal in two separate claim areas. To move this forward, in recent days we have staked and registered six new claims contiguous to our existing claims and encapsulating two old tungsten mines. We will be working on the data further over the winter months and planning a programme of works for the 2025 season.Introduction:In the light of recent political developments which emphasise the need for new domestic tungsten resources in the United States, Great Western has undertaken a review of the tungsten prospectivity on and adjoining its existing claims, with positive results. Tungsten is included on the list of critical minerals as determined by the US Department of the Interior, while copper is identified as a critical material for energy by the US Department of Energy.Two separate former tungsten workings historically known as Pine Crow and Defender, sit close to the northern edge of Great Western's Black Mountain claims (Figures 1 & 2). In recent days the Company has staked and registered six new claims which cover both Pine Crow and Defender. Separately, a 600 m long east-west tungsten-in-soils anomaly is evident in the southern part of the Company's Jack Springs claim group, approximately 9 km to the southwest of the workings described above (Figure 1 & 3). This anomaly is parallel to and overlies a linear magnetic high.

Thanks :-) the clues are all there that the next 4 weeks will be transformational for the company ,it would not suprise me at all if we get an RNS shortly on the sale of the Saudi assets.Harry himself has hinted he wants to get full focus on Ethiopia ASAP and as such following the superb news yesterday of the granting of the prime additional licence,he will want to keep things rolling along a pace. If they are sold for anything near or over our current market cap i say it is good business at this time in the cycle.Exciting times !

I think recent events have been mis-understood,what has actually happened is that Kefi have had the nod and wink from the banks IMO and he has been putting the house in order ready for the final sign-off.And that getting house in order has meant getting the balance sheet cleaned up and prepared for the syndicate transactions. In addition i think a concise decision has been made to fully concentrate on Ethiopia now ( Hence the addition of one of the best mineral licence,s in the territory) which will no doubt also form part of the offering on the ESX .In summary preparations are underway to turn Kefi Gold from a Smallcap Prospector to a Mid Tier Producer with abilty to pay future sector leading dividends over a long timescale ( Institutions like this ) hence the new additions to the share register.

The Saudi assets could potentially be sold for a tidy sum and still perhaps keep a small royalty percentage on future production. Or a complete sale and clean break away from the kingdom. There is much to like here from an investor perspective not least one of the highest ROI,s on our main project with all debt able to paid off in the first year of a ten year + production run. Personally i see the SP at this level as a pure GIFT and an early XMAS PRESENT. GLAH

Great news today they have another premium licence in Ethiopia,a very shrewd move by Kefi as they know in the near future all licence,s will attract a hefty premium.I say get Saudi sold ASAP and get full focus on TK and new licence,s going forward. On the back of this i suggest the market will view this as very favourable to the future success :-)

Some of the worlds biggest mining companies are eager to get into Ethiopia ,and it would appear Kefi Gold have a march on them.Loving this :-)

There will be many new retail investors coming aboard here,they understand that sometime during the next month this company will become a mid-tier miner overnight.With a market cap many multiples of today, Over £100m revenue PA for at least ten years,enough for astounding dividends likely to be sector leading and exponential growth in the SP.

From the interview,chairman said Tulu Kapi going full steam early 2025 so a matter of a few weeks or more,and interestingly spoke of having the status in Ethiopia now to land further projects ( probably ahead of some of the worlds largest miners ) .No doubt about it Kefi is forming an enviable position in the country and have all the right connections with the Govt and ministry officials. Tulu Kapi will be the largest export of Ethiopia,this is no mean feat for a company the size of Kefi :-)

Note in RNS the reference to other additional licences in Ethiopia ,the wheels have been greased and Kefi appear to have secured preferred bidder status.We are closely partnered with the Govt and President,could not get any better IMO

"KEFI is pleased to have secured this international funding package to underpin the launch of Major Works at the Tulu Kapi gold project which are expected to commence in early 2025. We have at the same time provided a mechanism for existing Shareholders to participate.

"We also expect this capital raise will facilitate the granting of additional long-targeted licences in Ethiopia, which we believe will be complementary to operations and the value proposition of Tulu Kapi."

Crazytowner,it is a very positive development that Kefi have just landed some new long term investors and it is obvious they would want at least their first buys to be at a good price.Everything is pointing in the right direction and that direction is the full scale launch of Tulu Kapi ( project NPV net to Kefi of 12 to 17 times current SP ) . Harry could also put out some additional news anytime on the ESX listing or sale of Saudi assets to keep things hot :-)

Crazytowner,i think your point about a strong balance sheet is the reason behind the funding,although those two banks will be putting very large sums in they would want Kefi to have a healthy balance sheet at a corporate level. If anything this now makes me even more certain that the syndicate want this signed off ASAP.

This is now even more compelling as an investment,and market is offering shares under placing level ( but not for long IMVHO ) TK will be up and running shorty and Kefi will have to re-rate.Remember the last forecast was that the project NPV value to Kefi was said to be 12 -17 times current SP when it was 0.60p. I am adding :-)

I see many folks here bashing the chairman,however take a look at the bigger picture,all the signs are that the Tulu Kapi project will be signed off soon and Kefi needed to be funded well at this time while the project launches full tilt.And it worth noting that the Chairman has got this project to this final stage and been able to keep 80% of the equity ( that took some doing ). TK will be producing well over $1bn revenue over the ten years ,the net result for Kefi should be enough to provide market leading dividends on a constant basis.

Much to like here and not the basket case that some would like to paint it as.This will be coming good very soon IMVHO

In my opinion the Chairman will be putting out some additional positive newsflow quite soon,it maybe the floating on the ESX or some deal with the Saudi Assets.He knows he is in a great position on the main asset with well over $1bn of revenue over the term of anticipated mining.Iam also thinking the other assets we have in Ethiopia might come into play soon also because there are mining giants looking for entry into the country.

I am adding :-)

Interesting development,my gut feel is that the syndicate members wanted Kefi to have some funding before the sign off and there could be a new institutional backer partaking the placing. I would be very suprised if many of these placing shares will be flipped aside from the broker and advisors.

Personally i am buying as many under placing price as i can :-)

We are either going to see a massive breakout and spike shortly or a steady 10% to 15% daily rise for a number of consecutive days.Get them cheap while you can IMVHO