Member Info for Hubstar

Busymum,in my experience it would be the opposite and the shares actually being in demand for that to happen,the normal market size here is 1.5m so although we seem flat there is some strength on the buy side in the order book.It is extraordinary that we are still so close to the last placing price with what is pending in the newsflow.

I have been quietly building a nice stake :-)

Robjm, i should also add that in my opinion Kefi would not have been able or indeed allowed to officially launch TK without the approval of ALL the involved parties and that includes the "second bank" , so what we should deduce from this situation is that things are very much on-track and that the recent changes in Ethiopia regarding allowing "offshore investing" is perhaps what that second bank was waiting for...not least because it would likely save them millions in future tax.These are all my own thoughts of course but it does all tie together with the news of te "offshore" and our timelines.So in terms of what we should expect to happen from here,i see really good and positive things about to start.

Robjm,an interesting and thoughtful post,especially your mention of Artar and Ivanhoe,i think even our chairman himself said recently he has many proposals on the table.My gut instinct based on the chairman,s recent comment about "building a business" though is that he will land an investor that will perhaps come aboard both the key assets,not just TK.I gave an example of a wealthy Saudi based investor that would have much synergy if the investment was in TK and then also into our Saudi portfolio of assets.That is the area of the world where there is a great appetite and also what seem limitless funds for our type of projects.For that reason i think Kefi will soon be transformed with a wealthy partner that wants to take part in the growth story of Kefi.For us shareholders i can see hefty dividends and a substancial re-rating of the shares in clear sight now.

We are very close to news now IMVHO

Robjm,those recent changes in Ethiopia i referred to have now made the country one of the most attractive destinations for investments.The timing could not be better for Kefi,it would not suprise me if we now attract some big names and very deep pockets into our key assets,and why not with so much near term returns on offer.

This will be in play bigtime soon IMO

There could be plenty of newsflow coming shortly from Kefi,firstly the final drill results from Hawiah which up to date have been superb and ontrack to upgrade at least 90% of the >30 million tonne combined MRE to the Indicated Resource category.GMCO have indicated that the drill completed around the 1st of June,so these results could be released next week and are likely to confirm that Hawiah has potential to be either the 1st or 2nd best resource in Saudi.There is a total of 15 licences held by Kefi in the country,and the country is now attracting huge interest in the sector.

Some other recent significant developments that make the Ethiopian Tulu Kapi project( that has just launched )more compelling,was the Ethiopia Govt decision to allow offshore investing in the country.This means that foreign investment into the resources sector now has very attractive tax implications and easier transactions through the central banking system.Add to to this the very recent announcement that Saudi Arabia and Ethiopia have concluded a deal to co-operate in various sectors including the financial and natural resources sectors.This will mean that if a wealthy foreign investor wants to invest directly into a resources company operating in the country,that the tax regime and banking facilities are now in place to make it highly attractive.Tulu Kapi could attract a big Saudi investor for example and can now act swiftly and smoothly with that investment.This could also mean that the "second bank" that is due to shortly conduct the final financial sign off on the project could be encouraged to act faster.A highly exciting period for Kefi is now about to begin .

Shalmar,that is pure speculation about MIDAS,although i do agree we are the classic type of situation here at kefi now so close to transformation that they would perhaps highlight.

PS - I would not be suprised if Kefi issue that Saudi Update tomorrow or early next week and it should be very positive.

Robjm66, yes they concluded the drills around the 2nd of June so i would expect around two weeks to get the results,we know from that GMCO post the other day that they appear bullish.My guess is these results are going to be far better than expected ( and the expectation was high ) . So in theory that update could land anytime from now ,however as i discussed the other day there is a chance that Kefi have been talking to some wealthy potential Saudi based investors who not only could come into our Saudi assets but also TK too.

They would see much value here and they could be part of the two new hottest mining areas in the world in a first mover advantage sense. It will happen IMVHO. TK alone could propel us to around 4p ,if we add in the Saudi assets there is much optimism that Kefi could soon be a mid tier miner offering decent dividends.Would the Saudi money men really not be interested?? i say standby for some exciting news on both fronts. If we announce the Saudi drill results alongside news of that new investor we will attract many many eyes !

Still one of the strongest buys in Junior Gold IMO

In my opinion the timing for this now is very good,they are funded from a recent placing at 0.043p and they will be starting to get revenue from Nevada in one months time.So in junior mining for me that makes GWMO one of the better buys at moment.

CesarMonty, the news yesterday has given GWMO a really good base now,they will soon be getting revenue from Nevada and that helps on all fronts.We might see quite a re-rate on this over coming days and weeks.

This news from Nevada today means the asset now has value,i would be really suprised if this does not get at least a modest re-rate back above last placing price of 0.043p.Great Western have been off the radar for quite a while now but i think today this news puts the company back in the game and will start to gain a new raft of investors.

Finally some great news here - can this start to get back near 0.05p soon .

Robbieishere,nice find on the GMCO website, i think that last line "we look forward to seeing the impact of this drilling campaign once results are received!" shows a very positive sentiment indeed.I am looking forward very much to hearing the actual facts and figures on this as we know it is anticipated to be world class.I also think the news a few days ago about the Saudi / Ethiopia deal gives us some real hope that some strong partners are about to declare a hand.

Very exciting few weeks ahead that is for sure.

Busymum,yes it was getting perky into the close today which sets us up nicely for next week.Aside from our expected TK news i think we are also due an update on the Saudi operations,so next few weeks could be lively IMVHO

We had a very bullish order book building into the close today :-) and we are into the second week of june next week so we might see some momentum start to build.Mid june onwards was always a key period to expect that newsflow.

Qnard,very much agree with your thoughts here,like you say has been some time in coming but we have finally arrived at the last steps on the ladder.Kefi could quite soon become a junior market darling as it transforms into a solid mid-cap producer.

Next week should be very interesting !

Further to the Saudi / Ethiopia business news yesterday ,my view is it has surely increased the possibilty that Kefi could have a key investor involved in both countries now.The situation is now looking somewhat compelling given the huge increase in the Gold spot price since the project modelling was conducted.

There is no lack of appetite in the Saudi region for large long term investments :-)

There is some superb news out today on Saudi Arabia establishing a joint business council with Ethiopia :-) also there has been a similar deal with singapore in recent days.Ethiopia is open for business and the resources sector is set to attract major foreign investment.Super news for the likes of Kefi .

w ww.zawya.com/en/economy/gcc/saudi-arabia-ethiopia-establish-joint-business-council-sm6wwdy2

The signing ceremony took place today at the Ethio-Saudi Investment and Trade Forum in Addis Ababa. It was attended by Chairman of the Federation of Saudi Chambers Hassan Al-Huwaizi, more than 250 investors, Ethiopian ministers, officials, and representatives of government and private agencies from both countries.The forum discussed investment opportunities, advantages, and incentives in Ethiopia, particularly in industrial areas, agriculture, energy, and other economic sectors, which are areas of common interest for both sides.

Indeed would make alot of sense,would also make sense for Kefi to put the Saudi update out too :-)

This news today is significant for confidence in investing in Ethiopia,the mining big boys will be keenly looking for access IMVHO

This could still have a very nice bounce before close today,there are some very large buys now starting to be published but i suspect there has been many more sizable buys not showing yet.

Could we get £100m for 25% of TK ? I actually think we could and the Saudi investors would see great value in it over the mine life IMO

Busymum, i always keep feet on ground when investing ,in the case of Kefi though i am highly encouraged by recent news items and this news today about the Saudi Arabia investing into Ethiopia just makes me more confident here. Like i said if they seeking near term returns in mining then TK would be perhaps top of the wishlist.Harry could easily get a huge sum for say 20% to 25% of TK and offer shareholders a very juicy special dividend,and still retain a huge 50% + of TK and keep some cash in the coffers for other projects.

Its game on here now IMVHO