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Excellent posts boffer, I can't see why anyone would buy until funding is cleared up.
You are in a fortunate position compared to many but only by gambling further and averaging down. I have never had much interest in the SP price you can buy at, just the price they will buy them off you which at present is 0.65 pence which is as near to half a pence as you ever need to be and my maths can count this far. For many a half pence ish SP is pretty bad and needs a minimum 5 to 10 bag to get out alive. If you have an average of 2.2 pence, the current sell price is 0.65 pence and you wouldn't take the cash out option at 4 times the current SP then I am not sure you and I could ever agree on anything, in fact I think I would recommend you take a long holiday and think about it all. All said, we are all human and its only money and I genuinely hope LC turns out to be the person you believe him to be rather than the chap who has taken an AIM company from around 30 pence down to nearly half a pence whilst taking a nice 100k + salary per annum and making statements like the stars are aligning and lots of investor progress / value has been made and genuinely all is well. All is not well but I hope it turns around. As you say , lots on AIM as bad as Kibo and if EDL can do 687% in a day I hope kibo can one day. I have told myself to buy back in if we hit 0.5 pence on the offer. Lets keep watching.
I cant have that much sense global as I lost a decent chunk in Kibo and still smarting about it and trying to make it up elsewhere in the cowboy casino. I do think Kibo has the chance to do great things if it all falls into place such as sepco buying in, TZ govt doing a reversal and a PPA from them and other projects coming good. Just not sure how long that will take or what Kibo will look like at the finish line. I know LC will have been very well rewarded along the way and continues to be well paid so he wont be too fussed either way. I still say having the TZ govt controlling Kibo and taking half the profits would move it along nicely as half of profits is worth more than zilch. Kibo could be there new gravy train producing power for TZ and filling every govt official pocket within a 10 mile radius.
Boff - agree with first sentence.
Would I take back my initial investment now if I could and be happy - a bit like cash out on my acca - no
My current Avg is 2.2p and the current SP is as near to 0.9p as 0.5p but yes for some we need a multiple of 5-10 to break even. How many shares on AIM sit hat the case for a lot of investors?
Would I be happier with a higher average and less exposure - possibly but I'm not in for incremental gains.
From a pure project / opportunity perspective we are in better place than we have ever been (except perhaps prior to MCPP tender fiasco) but face a financial challenge (which I think we can overcome). So whilst sunny days ahead are not guaranteed its certainly not daft and depends on how long you are prepared or can wait.
Great post by BB, someone for once talking sense
Feelings will always run deep on these boards as their is real money at stake. In reality its silly to say that Kibo will reap us rewards because if we werwe all honest we would just settle for our money back that we have / had invested here. The truth is that most have averages at around 5 pence and current SP is nearer 0.5 pence and hence most need a ten bag just to break even never mind be rewarded. To be rewarded they would need a 15 to 20 bag which happens but is rare. Me, I am just in AIM for the gamble as that's all it is and point scoring is neither here nor there. I hope Kibo does well but pretending all is well and sunny days are ahead is just daft, its just hoping now that things turn around and most get back what they have lost. In all honesty if I were still invested in Kibo I would take a last roll of the dice and average down big style and hope that MCPP turns around, a juicy PPA arrives and the other projects motor along. I hate to think what will happen here if it hits 4,5 and 6 pence again as I suspect a crush in the rush for the exits. At half a pence ish it cant be too bad though taking into consideration what could be achieved if LC delivers something. For those thinking of investing they do read the spats on here and I guess they wonder what they are buying into.
SGB,
On one hand you pass judgement on posters as if you are whiter than white. You say, they are the lowest of the low for taking enjoyment at others losses. Yet you same posters poke and jibe of losses in other investments, of being poor, of personal and domestic tragedies.
Says Sonic with a plank sticking out his head.
You have a good giggle and stick to posting childish tripe on advfn where there are no repercussions.
Gillie reminds us all there is more to life and you’ll be pleased to know I am going to try and avoid responding but your more than welcome to continue having a laugh at my expense.
SGB,
LOL....you crack me up. Sounds like you have a big chip on your shoulder.
JDW just thought you would want to know what was being posted on the other board, wouldn’t want sonic to appear to be two faced by only posting it over there and not here!!
He’s long disappeared from my view, filtered across all platforms, unequivocally the worst PoS I have ever encountered on these boards.
JD
I see you don’t mince your words on advfn sonic.
Still here sonic? Better to be poor and honest than rich and dishonest. Or even worse poor and dishonest.
You just can’t let it go can you!
s0n1cb00mb0y17 Sep '19 - 13:19 - 7437 of 7437
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JDwag is then biggest trader and two faced poster here...lol. Why did he not ever once joing the Twitter group, exchange any other info away from LSE or been to any KIBO corporate events.
Some think he is on their side...geez!!!
Curious case you say that JD, did you ever join the Twitter group I know they asked you several times.