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100% someone is holding and looking at the hole 3 cores right now...……… wonder what theyre seeing?

im in for couple g

today and more jam tomorrow from JLP

full ask could be a BOOM on the way

weird my last post was removed I was just saying several large buys

1.29p 400k shares just popped up on Barclays level 2 wasn't showing at 10.22 am this morning

I wondered what caused the tick higher

£9k buy full ask
not small change!

could be a late rally similar to last week

this had 10% short exposure 2018 now zero suspect could see a rise but Brexit is looming large!

Fulmar bang on Ill say no more unless relevant until next update.

I factored in the mon and tue holiday by my reckoning theyre due now. However I take onboard Nick stated hopefully this week if not early next.

Irrespective anyone in the mining game knows what a good core looks like in the hand. They must have many many meters to look at right now?

So free cash revenue to KEFI £14 million twice the mcap today and NPV is 7x value today. Soon as first payment triggered will surely see a minimum few bag?

· TKGM NPV on start of production in 2021 is estimated at £196 million (US$249 million). And from KEFI's viewpoint, the Company's planned 45% beneficial interest in the Project NPV at start of production would be £88 million (US$112 million);

· Today, at start of construction, KEFI's planned beneficial interest in the NPV is estimated at £59 million ($74 million); and

· Project free cash flow is estimated at £31 million per annum (US$40 million), of which KEFI's beneficial interest would be c. £14 million per annum (US$18 million).

All parties also recognise that keeping the Project schedule on track is now also important for the added reason of coinciding with the current gold price upswing so as to minimise financial risk and maximise economic benefits for all stakeholders.
At a gold price of US1,400/oz the following are the estimates for the open pit only:
· Project export revenues are projected at c. US$200 million per annum which would likely make it the country's largest single-enterprise export generator;

· TKGM NPV on start of production in 2021 is estimated at £196 million (US$249 million). And from KEFI's viewpoint, the Company's planned 45% beneficial interest in the Project NPV at start of production would be £88 million (US$112 million);

· Today, at start of construction, KEFI's planned beneficial interest in the NPV is estimated at £59 million ($74 million); and

· Project free cash flow is estimated at £31 million per annum (US$40 million), of which KEFI's beneficial interest would be c. £14 million per annum (US$18 million).

Ethiopian State Minister of Mines and Petroleum, Ato Assefa Kumsa, commented, "The Government welcomes the commitment by KEFI and TKGM to this priority project for Ethiopia and we are pleased to work closely with them to regulate, to protect and also to invest."
Director of ANS Mining, Ato Demissie A. Demissie, commented, "ANS Mining is pleased to be working alongside KEFI and the Government and is ready to proceed with its US$11.4 million (Ethiopian Birr equivalent) subscription to TKGM for the first stages of the Project development in accordance with the agreed terms upon satisfactory completion of the independent reviews and within this tightly disciplined framework."
KEFI and TKGM Chairman, Mr Harry Anagnostaras-Adams, said, "The decisions taken with our partners and the Government strengthen our preparations, tighten security and preserve production target of mid-2021. Overall, they shield our Project from heightened anxieties in the country at present, which everyone is nevertheless confident will abate quickly."

The following has been done this week:
· The Government authorities have expanded their community engagement teams and arranged for the deployment of additional armed security to the Project site as a precautionary and pre-emptive measure;

· KEFI has arranged that the independent experts (for security and for social management issues) update their reviews of the readiness of the community and local government and the security system. These same experts had previously reviewed our situation, plans and processes and will, in due course, also review the development completion process, to ensure compliance with World Bank IFC Standards;

· TKGM has initiated currency conversion processes with the Ethiopian central bank for an agreed part of the funds provided by ANS Mining's equity subscription to be used to meet planned hard currency expenditures for project development; and

· The overall Project development plan has been re-sequenced after consultations with principal construction contractor Lycopodium to keep the start of production date at mid-2021, whilst giving more time for the first phase of community resettlement. There is expected to be no change to the start of production target date as long as the first phase community resettlement is triggered in September 2019 for completion in November 2019, which the Company believes is reasonable given that the community is supportive, the resettlement plans are ready and the authorities are very responsive and determined.
As previously stated, the terms for the ANS Mining investment have already been agreed by the other partners in TKGM (KEFI and the Government-sector partner) and the conditions precedent for closing the Project equity instalment were in hand. The requirement for an updated report by independent experts as regards security, community and local government readiness is a new development, but one that is understandable in the current climate. Whilst the recent security concerns in Ethiopia have therefore delayed the triggering of ANS Mining's first equity subscription into TKGM, given the collaborative atmosphere at site and work undertaken to date, these updates are expected to be received in a timely fashion and the Directors of KEFI and TKGM believe that the overall development plan and initial production date are unaffected.
These elevated security precautions are normal responses to the situation and merely reflect TKGM partners' commitment to this exciting first-mover mining project for Ethiopia. Likewise, KEFI considers that Ethiopia's own elevated security responses in this past week reflect its commitment to remain on track as Africa's highest growth country as well as with its overwhelmingly positive reforms.
All parties also recognise that keeping the Project schedule on track is now also important for the added reason of coinciding with the current gold price upswing so as to minimise financial risk and maximise economic benefits for all stake

interesting Harry says gold risen a little bit its a 6 year high.

bid up 1.265p showing up 6.5% on barclays

as I speak 4.4p paid

commenced drilling 12th June with the results announced on the 27th June

So assume the mobilised rigs on say the 24th June is it reasonable to assume the next update should have been 15 days from the 24th June but add in 2 days holiday 1st and 2nd July in Zambia.

So effectively we are due results any moment? Surely tomorrow 7 am RNS?

The headline was nearly correct what I would say is Nick has set a high bar now he better make sure he jumps it!

Nick over to you sock it to us BUT only good news pls

What figure would this be any guesses?

The important initial stage to potential commercialisation involves amenability testing of third party ore samples. This testwork is carried out at the research and development facility at the University of Ballarat in Australia, supervised by our consultant Dr Nicholas Welham, and also at commercial laboratories. Industry recognition of the major commercial value of our technology has been shown by one company making an indicative, non-binding proposal to purchase the Company’s AmmLeach® technology, on an outright basis, for its global operations.