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Bouncing of that technical support

Good to see a marker put in.

This could well be the gap fill playing out.

Who else is on the TA?

@SB

Agreed

The milestones set out need ticking off in this next update to the ministry.

I think there are several other shareholders that are only here for Saudi Arabia as its one of the world's last remaining unexploited tier 1 Gold districts so the potential is off the scale.

In summary If HAA can deliver with boxing off the TK project milestones shareholders will be well rewarded.

SA is just a matter now of the ML being signed off and having a influential domestic partner on board should hopefully ensure the outcome we all want there also.

GLA

If you asked CEY holders of they could go back to their present production days and load up properly before they 20 x bagged they would.

That opportunity has now passed, CEY are now producing and the opportunity for them to 20 x bag again as a mid tier East African Gold producer was only available to those who got in at the very start of their production journey.

However, the opportunity for KEFI to make that kind of move does now exist and is also supported by the technical and economic reports.

One of the most difficult hurdles for any junior is proving up sufficient JORC resources at a commercial grade.

That has already been accomplished by KEFI and Saudi Arabia just keeps getting bigger all the time with VMS clusters within our licence area.

Tuli Kepi has undoubtedly faced delays due to the previous geo political situation which finally appears to be moving to a scenario where the conditions set by the lenders terms can now be met to commence the mine development.

Equally we have also been given a heads up that the ML over in Saudi will land at some stage meaning Saudi can then move into production and the funding is far more straightforward there with our JV partner putting up the cash.

GLA

I was also only referencing EEE as they have experienced a similar chart to GCAT

They were trading around the 1p mark ahead of their assays, on their RNS this morning they were up 50% at 1.5p at one stage.

EEE don't have anything like the follow up news that GCAT will have.

But it has been a nice trade for those in at the 1p range.

Looking forward to our Assays to light up the SP here and hopefully just the start of a nice sustained rally as everything else starts to come together.

Happy to be adding at this price.

GLA

Costa

These are just the known updates that are due for those that have done their research.

If you do a bit of digging into the recent interviews all of this has been discussed.

P.s

Nice to see a decent reaction over at EEE today on their assay results landing and from just 4 holes.

Expect GCAT will have a much larger data set given the metres we have been drilling.

GLA

Lovely rise

Good to see.

Noticed ALS have $3m income due this year, but couldn't see any detail on how this might be distributed?

Will it be via dividends & does anyone know how they are to be distributed? Annually/ Quarterly? Etc or is the income being rolled up?

KEFI has just a 23m market cap and existing JORC resources of 3Moz Gold (not including the potential from the new discovery zone)

So

23,000,000 ÷ JORC resources of 3,000,000 oz Gold

Divide by 1.4 for the USD to GBP exchange rate

= $5.71 per ounce gold in ground valuation for KEFI

This is insanely cheap for a company about to move into production.

Compare this to Centamin (CEY) operating in Egypt who have an MRE of 5.8 Million oz

Their market cap is 1 billion

1,000,0000,000 ÷ 5,800,000 oz Gold

Values their Gold in the ground at $123/oz

KEFI would have to 20 x bag to reach the same Gold in ground valuation at CEY.

This is just one sector peer analysis of why many feel this is about to see a tidal wave of value unlocked for shareholders as KEFI moves from explorer info a producer.

GLA.

Agreed, with the following updates due to land:

- Admission to NSE and duel listing comences
- Assay results
- Next production plant upgrades
- Q1 production Figures
- Resource upgrade
- Tanzania news.

I imagine its about to get very busy in here.

Confirmation from the latest update and presentation that we will also soon have a 4th MRE and JORC resource being worked up at Al Godeyer to add to the existing proven resources listed below:

Tulu Kapi’s MRE
1.72 million ounces Gold

Hawiah MRE
223,000 tonnes of copper
210,000 tonnes of zinc
497,000 ounces of Gold
7.8 million ounces of silver

Jibal Qutman
733,045 ounces Gold

Circa 3million oz Gold JORC compliant resources in total and is expected to increase further with this new discovery zone.

Harry mentioned that this new discovery should move the Gold in Saudi Arabia to around 2Moz alongside the 1.7Moz at TK

Therefore is sounds like we havr a new MRE and resource upgrade of circa 700koz to look forward to

Equal to a near 30% uplift in our Gold resources

@prionace

I know, it was probably just my nuanced sarcasm kicking in.

CT was making claims this was about to be delisted/suspended when I was busy desperately scrambling to get some orders filled sub £1 (unsuccessfully I might add)

It was NT to buy all that time, only once we got to around 125p could you buy any size in the open market and even then you would have to break up your trades into multiple purchases..

Liquidity has now improved and the thing the likes of CT and DC don't appreciate is that there will now be a whole cohort of new POLY holders on free rides now, totally unconcerned about where the SP is going to go from here and they won't now be glued to this bb nor will they be swayed by any outlandish attempts at doom and gloom.

I think one of my posts on here around the lows was "never bet on the end of the world as it will only happen once, and if you are right, you won't be around to collect anyway"

GLA

@clever thoughts

Fair enough, you have worn a fair amount of stick for all your posts of "back down to 120' & talk of "facing a nuclear winter" and "sanctions incoming" and "happy to be top of the troll list" and my personal favourites of yours of "facing share suspension" and "radioactive gold" lol

What you are now saying is that was all just for the sake of balance and not to be mistaken in anyway as de ramping whilst you were busy loading up in the background all this time :-)))

Anyway.. welcome on board, and it all adds to the debate at the end of the day, so it's all taken in the spirit intended.

GLA

@clever thoughts

Did you finally buy in then?

I've not bothered that much with this bb since loading up between 125-150p and at that time you were de ramping like nobody's business from memory all the way up to around 250p after which stage I'd switched off as I'd already bagged.

When, did you finally buy in and strange to witness such a 180! Lol.

Either way, welcome on board if you are indeed finally invested.

They could well have done follow up confirmatory assays on twinned samples from the same cores if indeed they are stand out results from new zones.

Probably over thinking the situation however as it's probably just down to the delays that we know exist.

I noticed that DFR are also ploughing in 14m cash giving PAT a complete free ride at Labola!

To put that into context, this is roughly the same amount of cash that Newmont are paying to OMI to drill up their targets, which have seen some decent grades and they were valued at 80m market cap at one stage, but they have at present no MRE and the CEO has come out and stated they have no immediate plans for a JORC which has seen quite a sell off over there.

I've noticed @Professor1 is in both, so perhaps he is better placed to comment further as OMI are on a journey also.

PAT already has a JORC, plans to increase this significantly and then with a PEA and Fesabiltliy study ticking off the required boxes it does look like PAT has a free ride all the way to an open pit mining operation at Labola which most juniors would jump at.

In the meantime, I really like the look of Basala, still early stages but that could be even bigger than labola and 100% owned.

If that ends up being a 5Moz+ pat would have the likes of Endeavour Mining all over them to buy the project out for easily north of 250m+

I'm going to keep researching more into the West African assets here as the deeper I delve the better they look.

GLA

This has been traded heavily over the past two years in between updates, but progress has clearly been made.

They are funded for the rest of the year now.

Cobra should get the increased JORC this year that will put a higher floor under the SP alongside the 75% formal JV.

If they do happen to hit an IOCG Andromeda will be steaming in for a piece of the action, plus they will also be contributing cash moving forwards and whilst we haven't heard this, once they are locked into the formal JV I'd also expect the boots on the ground to increase as Andromeda would surely have a clear incentive to throw some of their field crews into the mix and I'd expect things to speed up considerably.

Only thing is that you'll be having to pay up north of BCB's 5p to get in at that stage with a mid tier JV in place.

GLA

Watching from the sidelines but positive this will have its time in the sun at some stage this year

Probably a good time to queitly accumulate ahead of the next round of updates.

GLA

WSBN is definitely a FOMO stock at present, and the next update could still keep us in the speculation phase, albeit one step closer to establishing some more detail on progress.

It would certainly provide Polymetal with further diversified country risk exposure.

If CHF prove up a monster copper belt with the prospect for a district scale multi mine operation POLY could just take out the company for 10 x the present SP which would be nothing for them to move from 20% to say 70%

Food for thought.