Member Info for Hubstar

We know it is coming,and to add to this xmas present we are able to buy the shares at a ridiculous discount to the NPV of Tulu Kapi.Once that RNS comes folks will be scrambling to get a stake here and even possible the mm,s will lock folks out for a while.I am still tucking some away in my SIPP :-)

A reminder that Kefi are set to get the full finance approvals any time now,and the project NPV has value of 12 to 17 times the current shareprice.The second bank has recently increased its offer and approved the deal and now the first bank is likely adjusting its own offer to match the second bank.This can be signed off literally any day now,so do not rule out an intraday RNS landing.

"Tulu Kapi's high grades and high recoveries offer the potential to repay all project finance debt from the estimated net cash flows of the first full year of production, at US$2,600/oz gold price. Moreover, at US$2,100/oz to 2,600/oz gold, Project NPV to KEFI shareholders is 6.9 to 10.5 pence per share, 12-17 times the current share price, ignoring our other assets."

Dsrt2012,actually if you listen to harrys comments on this he has indicated that things will move very fast indeed on all fronts when the green light is given.To me that reads that everything is in place ready to go and the work has been done behind the scenes,and all parties are committed to speed things through.Recently we had the long awaited second bank sign off and now the first bank no doubt will be adjusting their terms inline with second bank ( maybe exact same terms for each bank ).From what i can see there are no delays ,this means they are likely to wrap this up mighty soon,the local listing can also happen quickly and likely is ready.

Looking at recent trade patterns,i would say we have a repeat of a week or so ago when they brought it down a tad and kept it tight while some very chunky buys were put through and delayed.In latest case it looks like 0.61p was the strike price.Be ready for newsflow IMVHO

Pedro, yes it is forecast to all happen very soon,infact we could even see an intraday RNS drop with all the sign-off completed,so those that are out will likely miss out on the first huge move.And be paying way over to get a position.We must remember that revenues per year are said to be over three times Kefi current market cap and it will be at least a ten year mine run.Reasons to be cheerful they are plenty,i am quietly adding to my stake here while the herd are at the watering hole :-)

It is notable that in the presentation Tulu Kapi has a very high ROI and debt payed off within one year and that was based on just $2100 gold price.And Harry himself has hinted Kefi will be transformed literally overnight,these figures tell you why.

From Presentation:

High returns: At $2,600/oz gold: Net Cash Flow average $193M pa* (£148 M pa)*. Potentially prepay debt Production Year 1; at $2,100/oz* gold : Net Cash Flow : $132M pa (£101M pa)* Ore Reserve of 1.0Moz @ 2.1g/t Au Starting with open pit at average 135koz Au p.a.

$320M Project Finance Package has been refined to maximise ROI for KEFI and its Government partners • A consequence is to now seek to maximise KEFI beneficial ownership of assets:Target c.80% of TKGM, with NPV to KEFI GBP10.5 pence/share (at gold price $2,600/oz) • Strategic review of minority holding in GMCO

Gold is on the rise again :-) after recent consolidation it is now looking very strong.Great timing with our pending news!

Robjm,remember harry said he has investors waiting to invest in the additional listing in ethiopia so some of this info all tallies with this.I think this next week or two will see Kefi make great strides forward.TK is worth many multiples of current valuation and i suspect one of the big boys will take us out before too long.All IMO

Nothing has changed,Kefi are still ontrack to get this over the line very shortly,and Tulu Kapi is worth many multiples of current SP alone.The savvy buyers are licking lips at current opportunity here.

Yes they are giving oil away for nothing lol

The bopd from Heron-1 is far higher than i expected,i think this drop will get heavily bought because there is now oil being produced and sold and revenue will be racking up.Back over 2p before close today IMO

Well overdone,the great news is nearly 1000 bopd :-) this will be back over 2p before close IMVHO

The future is looking rather rosy for Kefi now and the move from junior to mid tier miner will be very swift,the company are in the right place at the right time to reap some nice rewards from Tulu Kapi.The recent changes to the interbanking system and setting up of the ESX ( local stock exchange) i think is what Harry meant by the "stars aligning".

L2 has opened today with a very positive setup ( not much holding back a move to 0.70p ) first time in ages.

I have a strong feeling that many eyes will be on KEFI shortly,and not just here in the UK but in many parts of the world.Tulu Kapi is a very important part of the bigger picture of western style investing into a new region and country.In my view the TK asset that will be floated in the new stock exchange could have two to three times the current Aim pricing at IPO and potentially a cornerstone of the resources section on the new exchange.Happy times ahead :-)

News of the ESX is starting to spread around now ,it will be up and running in a few weeks time :-)

I dont think this news is out in all countries yet,have to say that has made my day :-)

This is beautiful news :-) need to joint the dots here,the ESX will be up and running in the next few weeks ,kefi chairman has very recently said he has high net worth investors wanting to invest in our proposed Ethiopian listing,and we have just had the President of our second Bank signing off and also meeting with the President of Ethiopia and their minister on mining and Harry. It is happening guys it is happening and very soon by the look of it.

The spread at time of that £105k ( 17.2m ) trade was 0.604p - 0.62p ,this is a buy and a large one at that.There is some smart money starting to flow into Kefi at a time when some very serious upside is looming large.I am still adding .

Yes absolutely ,there are forecast revenues of £101m Pa for at least 10 years at Tulu Kapi and Kefi share is 80% :-) from the current market cap that is one heck of a value gap to close.Portfolio maker territory .

Yes a £105k buy - nothing to see here :-) standby for the starting gun.