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Deedee,it is also a perfect time to get this done for sure :-) Hawiah is clearly a high class Tier One Asset that would attract the worlds biggest miners and it would make sense for Kefi to sell and concentrate on Ethiopia ( not just TK but also the other opportunities in rare earths ) .

Happy days ahead

Deedee, what i say is that Kefi are now in a position of strength to do these type of deals, prior to the TK full launch i think those potential buyers were trying to extract the pee with cheeky offers.Kefi can now deal on equal terms with these related parties now.

I just have a hunch Harry has something great up his sleeve this time :-)

We have to look at this RNS with a smile,the company have given a massive clue that some sort of deal involving Saudi is on the cards ( that is why they want it put into formal valuation on the books - normal accounting practice if you were expecting some value from an asset that currently has no value on balance sheet ).

My view is they have had a sale offer - could be equal or more to current market cap of Kefi :-)

Order book looking very strong for an afternoon rally,dont think the news today been widely seen yet

There is a good chance that if they have arranged the sale of Saudi it could bring in more cash than the whole of Kefi is currently valued,if they can do it and still retain future Royalty payments i say its a great outcome.

Those big miners that may be looking at a takeover of Kefi will be licking their lips at this now,if this was to happen we might see a whole host of bidders enter the ring.

Make no mistake this is potentially huge news today,everyone had forgotten that Kefi has some tasty assets in Saudi,but these assets have value that currently has no value on the balance sheet.My guess is they have been approached by either Barrick or Vale for a buyout of these assets and Kefi could well be thinking its a good move....like i said if they get say £140m plus retain some Royalty on future production that would be a great outcome.

We are looking increasingly undervalued here on all fronts....value investors will be piling in here soon IMO

In my opinion the potential buyer could be either Barrick or Vale, i believe it could be the latter given the 10% Saudi PIF investment.

Very interesting time for Kefi now because they can negotiate from a position of strength

It would be a standard accounting practice to make sure you have an asset valuation on the balance sheet before it was sold,which is why the RNS is so interesting and the timing etc.

We could soon get another nice suprise here IMVHO

Imagine if they sell Saudi for a few hundred million but retain a "royalty " on future production :-) i think this is the type of scenario Harry would like after his recent dealings with Chancery.

It could actually happen IMO

This is actually massive news today,the market has not noticed the significance as yet ,Kefi could be about to get a huge cash windfall IMVHO

What the RNS today actually means is that Saudi is either going to be developed or sold - my guess is that one of the big miners is very interested in developing Hawiah because its clearly a Tier One asset. Given it has zero value currently i think Kefi SP could get a tasty boost off this.

Nice one Arry !

Now this is an interesting RNS today,currently the Saudi assets carry zero value on the company balance sheet so there is a massive clue that something significant is going to happen soon on these assets by seeking advice on "fair value" .My guess would be that one of the mining big boys wants to either buy or JV here and Kefi have options to either participate or sell. ( Hawiah is clearly a tier one asset )

To put into current context, the value of the Saudi assets if they were sold based on the current known resource base could be worth at least Kefi current market cap but likely far more ( even using a discounted valuation ). Interesting development here today :-)

Every clue is pointing to a very healthy flow rate,the company have been very bullish and i suspect they have been in discussions with industry partners.

It looks to me like we are very very close to the test results,recent trading suggests some large positions are being taken at "mates rates" .

If the flow rates come in as suggested and forecast i can see a rapid re-rate ( possibly 3 to 5 X current SP ).

1.8 Bn traded today and heavy buying from orders by look of it,when this springs fourth again it could be large and quick IMVHO

This is only down here at lowly levels because of the placing...it will re-rate back to sensible levels soon enough and i predict during our summer this will be in the 2.7p - 3.4 ranges.

There are some early signs that we could start our move up today,one big advantage that Quantum have is that they are operating in the safest of all jurisdictions and their assets could be classified as of "strategic importance" .

Simms,also keep in mind that our Gold in the ground currently has a value less than 5% of current Gold Spot prices,that will focus the mind i suspect :-)

We will have a big summer here IMVHO

Good to see the directors buying well above the placing price,they will obviously know the news cycle is fully in play here and some major new key events are on near horizon.One thing we can say for sure is the company have one heck of an opportunity before them,and the rewards could be fantastic if they can deliver.

There may also be other institutions be coming aboard here too,like i said before our Gold in the ground is currently valued at less than 5% of the Gold Spot prices so it will be low hanging fruit for them.

The book will flip upwards in a blink of an eye when it moves,the appetite for Kefi shares is growing day by day as the opportunity is understood.