Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I am one of those LTHs with a 81% paper loss at the moment. That said, although I would have preferred to have made some profit on this share by now, I am not looking at it through the tainted glasses of some on this board. Yes, everything is not rosy in here, but neither is it out there. I'm still confident that this share can multibag which is why I held on to my shares initially and why I recently added another few million. Not one of the posters on here can say for sure that this share is a dud. The fat lady is yet to sing - may it be a glorious sound!
He is undoubtedly a complete fruit loop with absolutely no self esteem whatsoever. Someone in the twitter group has obviously upset him and the £2.26 SP must be a constant source of extreme embarrassment. I think hiding away would be a much better option rather than taking on a new persona each day but with the same bitter story.
Yes, woohoo is the latest multiple personality disorder of Sonic’s to go on filtered. We must now be a 4/5 accounts across all platforms talking to himself. Forgetting just how an abhorrent human being he is you also have to worry about the mental health of a man acting in such a manner, very sad.
JD
Cunningfox: Great article.
The problem with South Africa is that they invested a lot (too much!) in two coal-fired stations built with outdated technology. So to save face they will now have to use those power stations, even if it means doing so will keep the country tied to coal for the foreseeable future. And no politician in the current regime will take it on the chin and admit that they have made a mistake. It just won't happen. That ship has sailed. The only other problem is that the whole remaining infrastructure is also failing, so municipalities have to invest a lot to try and get it back to "normal". While this is going on no-one will be thinking of newer technologies or other energy sources (e.g., nuclear, which was being looked at for all the wrong reasons by SA politicians), as the potential for failure is higher than the existing, albeit slowly failing, coal-powered stations and infrastructure. With millions of Rands being poured into coal-energy and infrastructure you can be sure that the South African government will continue to support its use. It doesn't have much of a choice in this regard.
That is why I remain invested in Kibo - the political and economic drivers in South Africa and most of Africa are totally different to that of first-world countries, and as we have seen, can and often will lead to delays, seemingly irrational cancellations or "updated" legislation and other issues that can ruin a company's momentum. That said, those same drivers can accelerate progress way beyond anything you will experience in first-world countries IF the right people and resources get behind your idea. And that is what makes speculative investing in Africa (which is what Kibo is all about at the moment) so damn exciting.
MORE LIFE FOR COAL
In South Africa, even coal is seen as a key natural resource that needs to be exploited to keep the lights on and meet power demand growth in one of Africa's largest and most developed economies.
The continent's biggest coal producer, South Africa will still see coal account for three-quarters of Africa's coal production in 2040, down from over 90% today, according to the IEA.
In Mozambique, coal output is seen tripling over the next two decades, however, offsetting some of the South African declines.
South Africa last month laid out its energy strategy for the next decade, in a plan which foresees coal still contributing almost 60% of the country's energy, compared with 77% currently.
"We recognize that coal must disappear, which it will over time, but it won't be soon," Mantashe told the Africa Oil Week event.
Noting that South Africa operates on 16 coal-fired power plants and its sitting on "vast deposits" of coal, Mantashe said new power sector investments will be directed at more efficient coal technology rather than replacing coal plants.
developing their own natural is key to economic growth and leaving reliable fossil fuels in the ground is simply not an option.
I don't think FSTM, Jax, Global and their new mate woohoo, would agree with Platts, but it was a good try JD
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/111119-feature-africa-stands-by-fossil-fuels-push-to-underpin-growth
From a Macro perspective the story is there, and fossil fuels are going nowhere, the Kibo story itself is the question. Pull your finger out LC.
JD