Member Info for Hubstar

Is it really a suprise some big institutions are buying Kefi ? our Gold in the ground is currently valued at less than 5% of current Gold Spot prices which is a situation that cannot continue on a Gold spot in the near $5000 range.

Kefi needs to be re-evaluated by the market as our production timeline is looming into view,realistic fair value for Kefi right now should be in the 2.7p to 3.4p ranges ahead of production ( and that is still using a heavy discount compared to its peers ).

I think there is limited time to add volume at these low levels,one day soon we will start a proper re-rating and gain 10% to 20% every day over a number of consecutive days.

Happy days lay ahead IMVHO

Great update today,and looking at the quoted numbers at Tulu Kapi they are suggesting they will pay back all debt within the first three years of production but also start paying dividends from year one.The EBITDA ( net profit ) of USD $355-697 million is based on Gold at $3000 to $5000 which indicates they could potentially return to shareholders via dividends at least $100m to $140m which is well over 1p per annum for the first three years and then in year four potentially $200m to $280m after debt repayment ( well over 2p per annum ) . Just on dividends alone this will multibag from here.

"Upon today's resolutions being approved by our shareholders, we will have completed the assembly of a powerful financial structure for Tulu Kapi's development by having the commitments of leading African development banks and now a number of shareholders who are themselves multi-billion-dollar financial institutions. That will round off our corporate structure appropriately for what has just been officially classified in Ethiopia as a Strategic Priority Project.

KEFI's leadership team is well-experienced at such start-ups and has been deeply embedded in Ethiopia for over a decade, which has prepared us well for project execution. We greatly look forward to the start-up of Tulu Kapi production by mid-2028 and its potential wealth-generation for all stakeholders, noting that at US$3,000-5,000/oz gold, average EBITDA in the first three production years is estimated at £264-520 million (US$355-697 million).

We also aspire to having initiated early-stage progress on identifying the second and third potential Tulu Kapi's in Ethiopia. We see parts of Ethiopia as being analogous to the gold rich parts of Western Australia which has emerged in recent decades as a global minerals powerhouse.

We will also progress our exciting critical materials portfolio in both Ethiopia and Saudi Arabia and in a manner which does not divert management or capital from our number one priority: Tulu Kapi."

Molatov,one key thing to keep in mind here is that currently our "Gold in the ground" is valued at less than 3% of Spot prices ,and then consider how close we are to production....is it any wonder those recent institutions wanted a sizable stake in Kefi.

I have said a few times before that this share has the genuine potential to return large multiples on either scenario,going into full production or get bought out by a larger predator.

This summer - at the moment our Gold in the ground is valued at just 3% of current spot prices,in other words there is no Gold anywhere in the world valued less than Kefi,s at moment.That is a situation that cannot continue,the market rarely gives away money for nothing for too long.

Two scenario,s here,either Kefi are gong to be a mid cap producer with revenues close to $1Bn per year or they will get bought out at a hefty premium from current market cap ( a realistic offer could be 2 x future revenue circa $2Bn ) . Just my thoughts based on 30+ years investing in miners.

Kefi will be the star share of 2026 and 2027 imvho

I said yesterday that Kefi could easily be back over 2p before the summer starts,then move into the 2.4p to 3.2p range for a while

Strong buying again and those large buys must be from orders,nowhere near that amount available to retail investors as an "ordinary trade".

Asher,it feels like today is the day :-)

Nice 17m buy @ 1.28p

Nothing to see here :-)

No its not the case,if you look at the delayed trades the biggies were all buys again - 3 v 1 clearly

I reckon the vote will be 99.9% in favour,some folks here dont seem to understand the placing was the staging that enables us to get the project fully in play both financial and operational and gives us the much needed move to the main market.Yes the 1.2p was a giveaway but it was the price we had to pay given global events and in hindsight was a smart move by Kefi at the crucial time we needed it.

There will be many folks tucking this away in ISA,s and SIPPS from these levels,not only for capital growth in the shares but also for a realistic chance of sector leading dividends for at least 5 years imvho.

Simms,post recommended - i agree strongly with your comments

We will soon be a stock market darling IMVHO

When you read the last update again it is clear that Tower and Premier expect the approval this month after they spoke with the Minister,long time waiting but finally seems about to happen.Tower should re-rate big on the news IMO

Nearly 1Bn on the volume today with 3 v 1 buys to sells,something has to give soon as that RNS looms

Kefi could quite easy be back over 2p before long and likely in the 2.4p to 3.2p ranges as we near the summer ...stonking buy imvho

Cash,yes and also consider that African Oil will be attracting large investment after the events in the middle east , safer supply routes will be in demand as we move forward even if the Iran situation eases. Tower is timing this perfectly IMVHO

Perfect timing for the JV approvals then :-) i wonder if the timeline was planned with an insight of that availability

I predict Tower will go on a mighty bullrun once the approval is announced,have to keep in mind we will be on a free carry !

The market makers would not take a sell of that size above the bidprice as an ordinary trade...these are the last bits of the overhang going into sticky hands IMO...Have a hunch that approval RNS is very close now.

Great presentation of where Kefi are heading, a fantastic opportunity here at moment ahead of our move to main listing :-)

WOW look at the buying today - getting close ? it does seem some insider buying going on

The Company has now secured > $350M, covering the $340M Tulu Kapi project development, with additional funds earmarked for cost overrun reserves and exploration. Post GM, we expect development works to ramp up and the focus shifting toward project execution. While gold pulled back ~14% since the start of the Iran war, reflecting rate expectation revisions and broader market weakness (junior miners down nearly 30%, KEFI off ~34%), the project continues to generate highly attractive economics at current spot (~$4,500/oz) as well as lower price scenarios (see sensitivities below). We see limited downside risk to gold longer term, supported by expanding G7 fiscal deficits, persistent inflation and ongoing central bank reserve diversification amid sustained deglobalisation. We have reduced the gold royalty assumption ($20M vs $30M previously) and updated the post-raise share count, resulting in an updated risked (075x) NAV and TP at ~$750M and 4.2p (~$690M and 4.9p) using $4,000/oz