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GET IN FAST bargain of the year IMO

very few free float could scream higher if out billionaire announce Irish drill targeting 1 billion barrels

Finally, Petrel Resources (PET) announced an issue of equity and virtually tripled in price. The attractions of PET were highlighted in the blog on 16 June, 23 June, 7 July and 14 July. I hope you had some. Regardless, capitalised at just £3 million, PET has a one billion plus barrel potential on its Porcupine Basin licence alone and very much deserves to be on the watch list.

mm's all moving price higher!

ghost town here today

todays big buys well above ask again and all last week!

cookie the players have missed todays RNS this will rerate in coming days as todays RNS is realised!

The wider market looks shaky but this is GOLD and that is very desirable right now and will really strengthen especially later in the year when the FED is forced to ease again

massively overlooked today with other macro news!

Highlights:

1. Commenting KEFI Chairman, Mr Harry Anagnostaras-Adams, said, "I am pleased that we have restructured our working capital facilities in order to provide the Company with the maximum flexibility as we move towards full development of our flagship Tulu Kapi Gold Project. I would like to thank the providers and other stakeholders for their complementary support and I look forward to providing regular updates as we make the anticipated significant progress with the Project in the coming months.
"It is a fortuitous coincidence that Tulu Kapi development looks to kick off at the same time as exploration comes to life in Saudi Arabia on a large copper-gold target."

2.Significant progress on the ground continues at the Company's Tulu Kapi Gold Project in Ethiopia.
The Government administration has been expanded at local level to support Tulu Kapi and high-level committees have been formed to expedite the development of the sector, with the Project as first-mover. Government work programmes continue in the Tulu Kapi district for the road and power connections.

3.· The cost of these changes in security and related arrangements include £207,500 to be paid by the issuance of 8,500,000 new KEFI ordinary shares of 0.1p each ("Ordinary Shares") at 2 pence per share together with a cash consideration of £37,500. Application has been made to the London Stock Exchange for the 8,500,000 New Ordinary Shares to be admitted to trading on AIM, with admission ("Admission") expected to occur on 8 August 2019.

Operational Update
· Ethiopia - Tulu Kapi Gold Project development:

Significant progress on the ground continues at the Company's Tulu Kapi Gold Project in Ethiopia.
The Government administration has been expanded at local level to support Tulu Kapi and high-level committees have been formed to expedite the development of the sector, with the Project as first-mover. Government work programmes continue in the Tulu Kapi district for the road and power connections.
Recent Project site developments include 300 currently unemployed local people being recruited to start preparing new lands and home sites for the community to be resettled. Additionally, the Company's independent experts have been mobilised to update their assessments of security and community readiness as outlined in the Company's announcement on 28 June 2019.
· Saudi Arabia - Drilling to Start at Hawiah Licence of large copper-gold target:

As announced on 21 June 2019 exploration is underway at the Company's Hawiah Exploration Licence in Saudi Arabia. As foreshadowed, trenching and geophysics programmes are being wrapped up to prepare scout drilling. An initial 2,500 metre diamond drilling programme is planned to commence in September 2019.

Commenting KEFI Chairman, Mr Harry Anagnostaras-Adams, said, "I am pleased that we have restructured our working capital facilities in order to provide the Company with the maximum flexibility as we move towards full development of our flagship Tulu Kapi Gold Project. I would like to thank the providers and other stakeholders for their complementary support and I look forward to providing regular updates as we make the anticipated significant progress with the Project in the coming months.
"It is a fortuitous coincidence that Tulu Kapi development looks to kick off at the same time as exploration comes to life in Saudi Arabia on a large copper-gold target."

Operational Update
· Ethiopia - Tulu Kapi Gold Project development:

Significant progress on the ground continues at the Company's Tulu Kapi Gold Project in Ethiopia.
The Government administration has been expanded at local level to support Tulu Kapi and high-level committees have been formed to expedite the development of the sector, with the Project as first-mover. Government work programmes continue in the Tulu Kapi district for the road and power connections.
Recent Project site developments include 300 currently unemployed local people being recruited to start preparing new lands and home sites for the community to be resettled. Additionally, the Company's independent experts have been mobilised to update their assessments of security and community readiness as outlined in the Company's announcement on 28 June 2019.
· Saudi Arabia - Drilling to Start at Hawiah Licence of large copper-gold target:

As announced on 21 June 2019 exploration is underway at the Company's Hawiah Exploration Licence in Saudi Arabia. As foreshadowed, trenching and geophysics programmes are being wrapped up to prepare scout drilling. An initial 2,500 metre diamond drilling programme is planned to commence in September 2019.

Commenting KEFI Chairman, Mr Harry Anagnostaras-Adams, said, "I am pleased that we have restructured our working capital facilities in order to provide the Company with the maximum flexibility as we move towards full development of our flagship Tulu Kapi Gold Project. I would like to thank the providers and other stakeholders for their complementary support and I look forward to providing regular updates as we make the anticipated significant progress with the Project in the coming months.
"It is a fortuitous coincidence that Tulu Kapi development looks to kick off at the same time as exploration comes to life in Saudi Arabia on a large copper-gold target."

GOLD multi year highs I can see why the backers are happy to back this

buys above ask loan note issued at 2p

this could double from here drilling imminent large copper gold!

wakey wakey 2p!

5 August 2019
KEFI Minerals plc
("KEFI" or the "Company")
Convertible Loan Facility and Operational Update

KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce a restructuring of its working capital convertible loan facility (the "Loan Facility"), as announced on 28 November 2018, together with entering into a new working capital loan facility (the "New Loan Facility") in order to provide greater flexibility to the Company by removing the existing security charges over assets and extending the loan maturity dates.
The primary changes to the Loan Facility and details of the New Loan Facility are as follows:
· £900,000 has been drawn to date from the existing £4 million Loan Facility, of which £450,000 has been repaid, leaving £3.1 million available to be drawn down. This remaining £3.1 million has been replaced in part by a new £1.5 million facility, the New Loan Facility;
· The Loan Facility has been provided by a long-standing shareholder who holds under 3% of the Company;
· The New Loan Facility can be drawn at the Company's discretion at a rate of £500,000 per month in £250,000 tranches and, if drawn, it is repayable in cash within two years;
· Once any amount drawn under the New Loan Facility is repaid, the Company will be able to draw from the remaining £1.6 million of the Loan Facility, if required; and
· The Loan Facility no longer has any security attached and is now provided on an unsecured basis. The New Loan Facility has been provided on an unsecured basis. This co-ordinated action has released all of KEFI's security encumbrances, other than minor cash security deposits, to allow maximum flexibility for structuring the financing of the Company's Tulu Kapi Gold Project (the "Project"), which potentially could include a larger initial Project equity investment by Ethiopian private sector investor, ANS Mining Share Company, the details of which will be concluded in due course.
· The cost of these changes in security and related arrangements include £207,500 to be paid by the issuance of 8,500,000 new KEFI ordinary shares of 0.1p each ("Ordinary Shares") at 2 pence per share together with a cash consideration of £37,500. Application has been made to the London Stock Exchange for the 8,500,000 New Ordinary Shares to be admitted to trading on AIM, with admission ("Admission") expected to occur on 8 August 2019.

Operational Update
· Ethiopia - Tulu Kapi Gold Project development:

Significant progress on the ground continues at the Company's Tulu Kapi Gold Project in Ethiopia.
The Government administration has been expanded at local level to support Tulu Kapi and high-level committees have been formed to expedite the development of the sector, with the Project as first-mover. Government work programmes continue in the Tulu Kapi district for th

any buyers this morning

was being held back for todays RNS!!!!!!!!!!!!!!!!!

Well will this week be the start of real transformational news?
Expecting an RNS tomorrow or Wednesday
Holes 6 and 7 and Lumbetta

Wow I see that unbelievable they’re definitely trying to hide their tracks

yep a few days off for you LOL

I might add any good news on the next drills could see this crack 5p easilly from here then its wide open for a serious break higher. My medium term goal is 12p longer term 24-30p before this matures.

Away bright and early catch you all Monday hopefully to a nice juicy RNS or three

again it seems!!!!

Im away for a long weekend daren't look at shares else the wife will have me guts for garters. Hold the fort guys don't give them mm's anything