I am leaning towards your post, on AB recovering some of this 4.3 million. There might just be the 1 anomaly and not others like some people think. Maybe I'm being over optimistic, time will tell. Has MA told us lie,s, if he has he's being doing this, why the Ambulances and other gifts etc. due to this, you would think not. Maybe MA has made 1 big cock up, or someone has done a dirty deal on the price of something. We can all, but guess.
EPL has received and is reviewing a proposal for supplies of copper feedstock concentrate which would call for substantial expansion of this facility. It could well be copper plant is there,the extra expansion parts are missing,that were paid for.
The questions I keep asking myself are as follows:-
Have AB and others visited Kabwe on more than one occasion in the last 12 months? If so, and there is indeed an issue with missing / overvalued / unsuitable plant (as some appear to suspect) how come it has only now come to light?
How could missing / overvalued / unsuitable plant remain undetected in audited accounts?
If the situation was simply a case of issues regarding plant, why would lawyers and independent accountants be required? Surely such a position could have been remedied by a swift adjustment to previous accounts.
If there is "no plant" as some have alluded to, how could the previous analyticals have been released within earlier RNS's and who in their right mind would risk comitting such facts to an RNS if there were doubts regarding their authenticity?
Is the suspension primarily a preventative step designed to stop the share price falling below nominal value, thus preserving the company's ability to raise funds via dilution?
Did the falling share price pose a threat to a funding agreement that was still being finalised?
I hope all will be revealed sooner rather than later.
well, if the theory is correct, who will want to buy us? The steady stream of processing experts coming in then out the door always puzzled me as has the fact that after all this time the company have still to confirm they have a technical solution to process what is the majority of the tailings. Has MA been stalling while in the background the consultants have been struggling to find solution?
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