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Well there we go. A few weeks has very quickly turned into a few months. Chairman’a statement now says Q4 for Completion of Benga PPA. Quoting a larger or additional power plant being considered. These guys are deluded clowns.....how about getting something - just something! over the line and revenue generating before you decide to expand your original plans.
MoneyMaker2015
Maybe that should be looked onto in more depth.
Just saying, LC has probably taken out of Kibo in wages and perks of what would near or if not more to that of our m/cap.
My post removed, wonder why. Nothing offensive just summing up LC and his greed.
What makes it worse is his deal making skills. I’ve got a holding in KAT too. Over there he sold Imweru, a potential billion dollar play for a measly $1m. It was staged payments too, not even upfront! They’ve significantly reduced their interest in Haneti to POW. Neither KAT nor POW have the funding to bring it into production, so inevitably will lose more ownership there. This current deal with Blyvoor. It’s only a small tailings project that KAT own 50%. KAT’s percentage will either be reduced and given to potential funders or ridiculously high repayments will be made, significantly reducing profit margins. It’s going to take a minimum of 12 months to get into production also, so likely further dilution on the way there.
I know that was a rant about KAT more than anything else, but LC hasn’t actually done anything for KIBO as of late, other than cover-up Bordersley’s delay with Covid and reduce our interest in MED by putting them separately on the market.
LC has done nothing except overshadow continued shareholder dilution, and destruction of shareholder value, whilst trousering 200k a year combined from kibo and Kat, when these companies can ill afford to pay that obscene level of wages.
Raises funds to fund his own salary.
Wouldn’t surprise me that when the power company splits off, he will put himself on the board of that as a salaried director....
It is an absolute disgrace that this man remains in charge of these companies taking out that kind of money from these companies...
L.
I think we can take it as read that LC has a different view. He thinks he has increased shareholder value during his tenure as CEO and that the IPO will mean we see production at MED much sooner than the end of the year. Work either of those out.
While many people would agree that "a few" means three or more, the actual dictionary definition of "a few" is, "not many but more than one." So, "a few" cannot be one, but it can be as low as two
LC may have a different view ... LOL
"Completion of the above referred preparatory work could however not be completed in time to also conclude PPA negotiations by 30 September 2020. The original anticipated date for the finalisation of a PPA of the 30 September 2020 has therefore now been extended for a few weeks and the Company will keep shareholders updated on progress."
Well that was 3 weeks ago so any day now could we possibly see something actually happen? For the sake of all our investments here I bloody hope so!!
JohnZ
SP 0.23 Bid 0.21 Ask 0.25 showing -8%
mms opened us dow with absolutely no change to the bid of offer atm....
Close the spread, lower the offer and I’ll be adding a few!!
my price is 0.2
Hey BCL42 ... Let's always have fun here as I'm sure we all know this 'stuff' or our investment, hopefully buys just that... 'stuff'... a holiday, a conservatory or whatever we all aspire to.
If LC finally does deliver we can move on to talk miracles over 'stuff' and that really, really would be something worth a chat and our collective time right?
Cheers Dave
Bcl42
Yes sometimes it beggars belief!
I have added as much as I dare and have a ridiculous (it’s all relative) sum invested here which could be larger than yours but with significantly less shares (which currently makes me very much a loser). I cannot risk any more. If I was only buying in recent times I would have needed to issue a TR1 a while back. But alas I, like you, bought a large holding when the SP was considerably higher and there were 150m shares and not soon to be 3.5 billion. GL to you and all holders both LT and new. Not PMSL.
I'll tell you what BCL42... I wouldn't want to be out of this over the weekend... & It's not even the weekend yet!.... you adding mate?
PMSL :)
Thanks Aerial. It is hard work keeping it real on here sometimes.
Hasn’t followed.
The Bid is unchanged since 11:56 yesterday!,.. not tooooo difficult to understand. Your shares are worth NOT an iota more than they were yesterday at 11:56 ...
Has followed.
Might follow.
10% up
Kibo will follow
6% up
Twitter: Driling at Blyvoor site
https://twitter.com/KatoroGoldplc
Kibo own 30% of Katoro