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@BricksSA LC not made such a mess of Mast project delivery then the share price of Kibo would be higher and shareholders would have been happy to support a placing.
The fire sale announced yesterday is exactly the reason why shareholders were write to block him. Its time to do the only honourable thing and step down as CEO !
PANR?
Shareholders imo left LC no other option by blocking further fund raising as KIBO in effect would have been liquidated if they could not raise further capital to operate. This is therefore a direct consequence and in my honest opinion PANR would have gone under had LC not done anything. Shareholders should be thankful having re read this a few times as in a way PANR stays afloat…..for how long who knows.
Is this the “positive inflection point” that was mooted, nay threatened?
Guffaw.
STINKS
‘The agreement of current and former directors and management of the Company to convert Loan Notes of £714,517 owed under the 7% Convertible Loan Note Instrument, not only demonstrates their personal support of Kibo's project portfolio and business strategy ..,,’
A level of financial support that’s never been shown in the past.
If he ever needs a new job then propaganda would suit
‘announces that following extensive stakeholder engagement‘ …. Would up like to see that extensive list.
“KIBOOOOOOM”
Does anyone care to summarise this RNS as it’s gone way over my (simple) mind? It looks like a lot of dilution but what are the key benefits for current shareholders? Any views most welcome!
Strong buy? Lol..
Where is LagunaB ?
What a conundrum.
One of many, they give it to you one day and take it back the next..
Isthisawinner looks like you’ve been spanked here?
Oh dear, I've not seen it this low before.
It's about time this got delisted.
It's just a nice gravy train for bod.
Last one out switch the lights off, this turkey is toast.
Blame the shareholders !!! wake up, it's not them who are to blame. You and only you know what you need to do to resolve the stalemate .
That said, resolving the creation of new authorities (see RNS dated 16 March 2023) is of an increasing concern as this materially affects the Company's ability to secure project funding and debt financing at project level, which will inevitably impact on reaching financial close for the various projects at the set target dates."
The biggest load of ball.x yet......Mr C, you a leach.
Show....
Get the finger out and should us something positive...gla
It’s a bit like backing the dog in a horse race….so my guess is No it’s not a winner :-)
Just wondering now if Isthisawinner?
don't hold your breath, i've been waiting 10 years for Louis to deliver anything, let alone do anything within the timeframes quoted, except of course issue shares, raise funds and destroy shareholder value, all of which he's very good at... oh and get paid, let's not forget that.
It was stated in the operational report of 1st Feb that a technical conclusion of the optimisation study into the production of synthetic oil from plastic waste may be reached by end of Q1 2023. Further stated that as major project technical and commercial milestones have already been achieved, this will allow the accelerated completion of the funding discussions and commencement of project execution.
Lets hope we get some good news soon. GLA. DYOR :)
Don't waste your money here, I've been in and out over the decades, never made a penny.
Put your money in octp, about to go into trails.