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This has been incredible the last few days and is clearly not just retail buying that is driving this,those that took the 1p placing are seriously lucky folks IMO

To be clear,when you have leading academic university hospitals using and singing the praises of your tech you can be sure that the wider commercial sector will be looking for early adoption.As these units take time to build if a big order for say 20 units did come in from a private nationwide medical group in the USA it would be met over a period of time ( items made and delivered to a schedule ).The USA alone has the potential to provide POLX with some hefty revenues let alone looking at the wider global market.With nearly every developed country in the world now massively increasing their budgets for scanning,imaging,and diagnostics ( because of the long term saving from early interventions ) it is not a giant leap to imagine Polarean becoming a significant and important company in this arena with a huge market share.

Could POLX soon become a hot share ? you bet it can just look at the size of potential market.

We should also look at the recent order by a leading academic university hospital in Alabama ( without an prior research programme ) .You will not get a bigger vote of confidence in your tech than that in this field,and in my opinion it has opened this up now to wide commerciality.So as was mentioned earlier it is likely the placing was undertaken in advance of expected much bigger order flow which we could now start hearing about.There is potential here for POLX to become a really huge business over a relative short time frame.

As the saying goes...all the ducks now lining up nicely.

JohnHenry,actually the opposite is more likely,if there was going to be a sudden uplift in big orders they would need working capital,but in this market and especially on Aim you can only raise funds at steep discounts.If anything i would say t fits the rumour,and lets be clear if POLX are about to get orders in multiples rather than the odd single unit it completely changes the outlook here 1000%.

Hi All, i was watching this at various times today and it looks to me like those institutions that have been buying have spotted what could be a unique opportunity here.I remember reading an article a few weeks back where it was said that nearly every developed country in the world are moving large percentages in their health spending into scanning,imaging,and diagnostics,because over the long view there is massive savings to be had to find and treat problems early.So in that respect it would not be a suprise to see a company like POLAREAN make some quite extraordinary growth numbers in the next few years.

This could be another candidate to tuck away in my SIPP !

CrazyTowner,i am much in agreement with your sentiments,however we should also expect some very positive newsflow coming from Hawiah very soon which will prove up the modelling.And you never know harry could be landing some deals involving a JV partner.Allied Gold are actively seeking projects in this region for example and could well be prepared to pay a tidy sum to come aboard.

Crazytowner,the market generally is quiet at the moment,however these are the times when savvy investors are generally buying .When you consider how close this is to that £100m net cash flow per annum on just one of our projects it is somewhat of an opportunity.This is actually the only smallcap i have ever put in a SIPP ( which speaks volumes ).

Very happy to buy at these levels.

Ejt7777,yes i noticed that,all the syndicate members will assemble in addis,so there is obviously something planned in terms of meetings that involve the government minister,otherwise it would just be a normal agm in cyprus. IMVHO if they do list in both countries the IPO will likely be 3 to 4 times higher than our Aim valuation,that means our aim shares will suddenly be in great demand if it possible to buy at 1/4 of real value.

Things will be getting rather interesting here before long.

Robjm,yes and although we may think not alot happening it is clear that things are moving fast in Ethiopia not only to get TK up and running but the whole sector in the country.Normally miners have to struggle with host governments with nearly everything they do but here with kefi in Ethiopia the government could not be more aligned and helpful.Also some of the worlds biggest miners are actively now looking to come into Ethiopia which means the value of TK and the other licences there will rapidly increase in value and DEMAND.As for the listing in both host countries,it has to be a smart move to be where the money is and the sectors in both countries that will see exponential growth.

By the end of this year Kefi will look a completely different company and i predict will be trading many multiples higher than today.

Some good insight from this interview today :-) Ethiopia is now moving quickly to launch the mining sector and Kefi is at the very heart of the action.To have such strong backing from the Govt on its first major mining operation is something that will bode well.Very important for the country this project gets launched!

Kefi executive chairman Harry Anagnostaras-Adams discussed the significant progress made on the company's projects in Ethiopia and Saudi Arabia in 2023 with Proactive's Stephen Gunnion.

Anagnostaras-Adams highlighted the Tulu Kapi project in Ethiopia, which has both banks, contractors, and local investors lining up for the signing. He also discusses the importance of this project to Ethiopia's economy, emphasising its role as the first industrial-scale mining project and the largest single export generator for the country. Anagnostaras-Adams underscored the socio-economic benefits, particularly in employment generation and trade balance improvements.

In Saudi Arabia, KEFI Gold's advancements are notable despite the different regulatory landscape. Anagnostaras-Adams explained the strategic partnerships and the proactive role the Saudi government is playing to prioritise mining. He mentioned that KEFI Gold has been a pioneer in this region, with over 15 years of involvement and significant discoveries.Discussing potential dual listings, Anagnostaras-Adams provided insights into the innovative steps Ethiopia is taking towards capital market reforms, positioning itself as a new hub for mining investments. In contrast, Saudi Arabia's approach is more conservative but equally promising for the future.

Robjm66,it was nice to see the company put out the figures yesterday on TK with the latest gold prices which equates to $1bn USD net cash flow to Kefi over the 8 years :-) and the possible seeking of a main listing in Saudi . Speaking of Saudi we are due shortly the latest drill results at Hawiah which will likely be a very good read.If we look at the bigger picture now there are large miners looking to get into both Ethiopia and Saudi Arabia,this means we are in the shop window for deals,joint ventures,or heaven forbid even a take over !

Things will hot up here very soon IMVHO

Five,the idea of a change of broker and Nomad could be a good one,SP Angel appear to have done very little for Kefi if we are all honest.It is worth looking at a few snippets from today,note the £100m PA net cash flow to Kefi based on current gold and over 8 years that is near $1bn US Dollars :-)

In Ethiopia, with our partners and banks: our focus is now on successfully completing the Early Works at Tulu Kapi so that we can close the $320 million project finance package and launch Major Works in October 2024. Gold production would then commence in mid-2026. Tulu Kapi's projected net cash flow to KEFI's planned 80% beneficial interest is estimated at approximately £80 million per annum. At the current gold spot price of $2,346/ounce, KEFI's planned beneficial interest in the cash flow is estimated to be approximately £100 million per annum; and The end result will be the launch of Ethiopia's first industrial-scale mining project and its largest single export generator and, in so far as environmental, social and governance aspects are concerned, the project is designed to be in compliance with World Bank IFC Performance Standards, creating direct and indirect employment for 5,000 to 10,000 people. Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and the gold price reaching all-time highs and the S&P Global average analysts' long-term forecast now sitting at approximately $2,100/ounce on 30 May 2024. With a forecast All-in Sustaining Cost ("AISC") of approximately $900/ounce at that same gold price), Tulu Kapi's projected net cash flow to KEFI's planned 80% beneficial interest is estimated at approximately £80 million per annum. At current spot of $2,346/ounce, KEFI's planned beneficial interest in the cash flow is estimated to be approximately £100 million.

In Saudi Arabia, with our partner and bank: Jibal Qutman and Hawiah are enjoying very positive regulatory support as we assess the choices of development plans. Substantial drilling programmes at both projects over the past year have better defined the known Mineral Resources as well as discovering nearby deposits; and Given the expected expansion in resources, the ongoing development feasibility studies are focused on establishing the optimal start-up strategies and ultimate potential scale.

NickE,the key point surely is that kefi have the "options at their discretion" ,there is no current urgent need for funds as they have just conducted a placing.However as i mentioned earlier when you are sitting on potentially more than $2bn of resources you have options on how to maximise value from the current lowly market cap.And also this can be done without being dilutive IMVHO. The other option could be a straightforward sale of say 15% to 20% of TK which is then added to the Saudi assets for say $100m ,this would enable a clear path for the future,pay shareholders a nice dividend,retain a huge percentage of TK,and have free funds to purse growth and even new assets.

I agree rob,it is the Aim market that is the issue,if Kefi can create a new listing in Saudi with say 10% of TK alongside the Saudi assets they could raise a hefty amount IMO.

Although AMAK are actually producing and have a value of more than $1.5bn,their actual asset base is on a par with Kefi so there is scope here for us to raise huge relative sums and have a listing on a market where there is an appetite for large investments into these countries and sector is very high.The more i think of this the more it makes sense,it is quite possible they have some super rich potential investors wanting to invest but cannot with us being purely listed on Aim.So in essence we can rapidly progress everything much faster and more profitable if we take this route.

Robjm66,we have just had the fundraise so that is out the way,i noticed in todays statement that they are organising the AGM to time with key meetings in Ethiopia with partners and key financiers in a few weeks time :-) In ref to a potential dual listing it could be a super way forward,we also know that the Saudi,s are now doing deals in the country and have joint governmental agreements as regards business and investments.If we tie all this together is harry giving us a clue that he has some very tasty offers on the table but they do not want it tied into an Aim listing ?? Kefi valuation on the Saudi exchange would be multiples of current cap,that is why i say expect some significant newsflow leading up to and around the time of the AGM in a few weeks time.

Could be a that we are alot closer to that JV news than we think IMO

Robjm,the point is that Kefi have those options and are in a strong position now to do something on those line should they wish,perhaps our chairman has just given the clearest clue yet that he has investors wanting in on our assets and will facilitate some sort of arrangement where they can come in.

There could be something being lined up that takes all our assets up a LEVEL imvho with a rich backer.

Robjm,actually when we consider that the market currently offers a zero valuation for our Saudi assets,the possible listing of GMCO maybe tied in with ARTAR on the Saudi exchange would be a smart move.To give an idea of what value can be attained we need look at AMAK who have the closest asset base to us in terms of size (maybe they smaller ) and they are valued at $1.5bn+ . Everything is now starting to look rather rosy to say the least !

Robjm, kefi have already just had a fundraise,the intention to list primarily the Saudi assets in Saudi is a very good one ,as we just seen when compared to AMAK who have similar resources ( maybe even less ) but have a $1.5bn+ market cap.And there is a big appetite for investment in the region :-) I like this from todays statement :

Our progress was historically impeded by the political reforms and ensuing conflicts in Ethiopia as well as the suspension of granting EL's for some years pending Saudi Arabia's sweeping deregulation. However, that is now history and our operating environment has indeed turned for the better in both countries and we can now progress on all fronts.

Our reported Mineral Resources provide a solid starting position for growth. Since mid-2020, KEFI's beneficial interest in the in-situ metal content of our three projects has grown from 1.2 million gold-equivalent ounces to approximately 2.1 million gold-equivalent ounces. KEFI's current market capitalisation of c.£40 ($50) million equates to only $24 per gold-equivalent ounce and a fraction of the equity valuation applied in the past year at the operating-company levels in our local partnerships' transactions. The shareholders' agreements for both TKGM and GMCO apply equity earn-in and dilution formulas that imply c.$200 million for KEFI's beneficial interest therein.KEFI's targeted beneficial interest in Tulu Kapi has an NPV of £449 million (US$571 million) (NPV and the other preliminary value indicators defined in footnote on page 8). This valuation indicator is approximately 11 times KEFI's current share market capitalisation of c. £40 million (US$50 million). The Directors consider this a conventional industry measure of potential value once the projects have been successively de-risked.Going forward, one would normally expect that as milestones are achieved, the Company's share price should naturally narrow the gap between the Company's market capitalisation and what we believe to be the significantly higher fundamental valuations of the Company's projects using conventional measures such as NPV for the more advanced projects and, for the less advanced, say $1,500 per ounce projected annual production or $80/ounce of resource.

My main focus at the moment is the TK project which has now launched,the recent regulatory changes to the banking system in Ethiopia and the govt decision to allow offshore investing into mining sector have been a game changer for foreign investment into the country.The big miners are now eyeing Ethiopia as one of the new big opportunities in the sector,even the Saudi,s have just inked a deal with the country for close business ties and investment.With Net Cash Flow for Kefi over the 8 years forecast to be nearing $1bn ( if gold stays above $2.200/oz ) it is clear to see why the shares will get a huge re-rating.Kefi have 80% of TK currently :-)

In terms of Saudi Arabia,the potential is there for it to be a future $1bn asset portfolio,of the licences that have been explored so far the indications are very positive.Yes Kefi have a lower percentage ( 25%) of this but they also do not bear the bulk of the costs so it would not be too shabby if Kefi were to retain that 25% or 20% of a future $1bn+ asset portfolio that could turn into one of the biggest resources in the country .Hawiah is already stated as 3rd biggest and work will begin shortly on preparing a DFS .Jibal Qutman is already a 28.4 Mt resource with a DFS,and there are also a handful of other licences in the portfolio that could also host large resources.Kefi could self fund much of its share of future work with revenue from Tk.Big miners are also eyeing Saudi as a new hotzone and money will be flowing into the sector,as such i would expect major interest and potential deals involving our asset portfolio.Again the timing could be perfect here.