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I think there is another large buy from around 11am today not showing @ full ask 0.028p

Some big money starting to move into Tower now IMVHO

Once this placing has cleared Kefi will re-rate bigtime,we have to remember Tulu Kapi is a $10Bn to $20Bn revenue project and will be a main listed mid cap producer in the near future.

I would be very suprised if most of the placing shares are not in sticky institutional hands

Edd12,yes many catalysts that can add massive value ,i have a hunch we will start moving here soon

I would just follow on from previous post,in light of global events it is increasingly looking like a shrewd move for Kefi to have got the funding sorted when they did because it gave the company certainty at a time of wider global issues.And key is the full launch of the flagship project which is what we have all been waiting for.

Many people speak of our chairman in less than glowing terms,but he has to operate in the real world,and we cannot dispute that he has got Kefi ready for a multi-billion operation at Tulu Kapi and was able to retain over 80% project ownership.That took great skill and patience and will reward shareholders handsomely as we move forward.

Tulu Kapi value at $5000 Gold is close to $1bn per annum,and just the open pit works are planned for ten years at a high recovery rate,so in excess of $9Bn just from the surface operations.The underground works can hold potential that matches the open pit,the indication is that from the small sampling of the underground is that the "on-trend" grades could be there. So at present the market valuation of Kefi represents just a tiny percentage of real Gold in the ground values.The 1.2p placing has presented a unique opportunity,the company will be moving to a main listing soon enough and i am expecting to see a steady increase in market cap once the placing is cleared.The company is now fully cashed up and have more than enough funding to develop TK and will have a nice additional cash runway to progress other parts of the asset portfolio.

Theres one 50m buy at 0.028p popped up

I think there could have been a huge buy at 0.028p just now...see if it pops up later delayed :-)

Tradedesk,it certainly does feel like the stars are aligned perfectly for Tower now and the higher Oil price will just give this a further push up once the Rns lands...there has not been a better time to be holding Tower than right now IMO

Keep an eye on the newswires :-)

Giro, it feels like the approval is very close now and it also seems the overhang is nearly gone too,the latest bid round ends in a few hours time so the minister might well be signing off other things in his in-tray too.

I think Tower Resources is going to be one of the hottest junior Oil stocks of 2026 and 2027 if that approval lands,not often you can get a chance of a 52% free carry in a situation like this.

Looking at the last RNS it is clear the company is expecting it shortly,the latest oil and gas bid round ended today so the minister will be shuffling his papers no doubt :-)

Have a feeling some large buys at 0.027p went through but not show yet :-)

There is a realistic chance we get those approvals this week IMVHO

VikR,a very timely top up i think :-)

In those circumstances and Tower gets the approvals i can see them becoming a juicy T/O target very quickly,we are now probably the strongest buy in junior Oil...imagine a 52% free carry on $200m annual revenue :-)

Has the potential to be a very good year for Tower for sure,with the events in the middle east the appeal of African oil will only increase from here so the opportunity is there for rapid growth.

We might start to see some big money move in here again today.

1.38Bn traded today and i would say over 90% buys,next week could be the start of a very lucrative period IMVHO

125M buy just in :-)

I have a feeling next week will be a very exciting one for Tower holders.

Joe,the volume is currently 1.15Bn and 92% are buys from my calcs,if there is an overhang it must be close to shifting IMO

Polyboy,post recommended - a clear insight to potential values here