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i think everyone is positive here but the Co havent done themselves any favors in their last RNS. I don't believe for one minute that this isn't going to happen but to state we are just waiting for funds to be transferred was in my view ill-judged. Also, i don't believe that funds have been transferred as equity was being issued in respect of them - issuing new equity is a mandatory RNS
So the questions remains, has the deal been done or is it simply the DD have been done and they are yet to complete on the contracts?
User - I'm not going to get into a big argument about this, but yes there is no harm in being optimistic but when this rose-tinted optimism and ramping spans so many years it get wearing. On every share BB there seems to be a resident crew who dont like any negativity, but thats not democracy I'm afraid. I will agree to rein in my attacks on Fortitude as long as you acknowledge freedom of speech !
One thing I think you forgot to mention Fortitude..... is to tell mrC to go away, grow up and stop harassing you. To MrC.... not sure if that stands for Mister (the adult version) or Master (as I used to use donkeys years ago to say thanks to aunts and uncles etc as an 8 yr old (the child version) from receiving presents,) or is it simply Miser C? You felt you’ve been let down, again apparently, so you’re bitter and throwing the misery on here. There is no harm in being optimistic and positive (good for the mind if you’re not aware) and much less harmful than constant childish, negative, bitter rants , particularly aimed at fortitude. Now, I’ve only been here a few months, don’t care about the past history ( as with many on here I’m sure) but please..... give it a friggin break. Leave Fortitude alone, grow up or get back to your homework.
Mr C.........we have been at loggerheads for more years than I care to remember over all G C companies that I further.......I don’t know how many times I have to repeat my views to the sceptics......I am more likely to be on the next Mars mission than for any of Giles Clarke’s companies which I support going bust.......My reason is clear.....the Giles Clarke business model is correct......it’s that simple !.........If any of the G C companies go bust I shall be more than happy to give you and other investors a full apology.......I have to add there is zero chance of this occurring......................
Yes, it could be construed like that but there are other connitations here namely funds received but not disclosed yet due to awaiting possible AGM or diamond updates which usually fall every two months or even HMS License.......for me I would not make any announcements until we have spectacular news......for sure if negotiations had broken down we would soon learn about it and I don’t expect that here...............
"The Company is now awaiting final confirmation of the transfer of funds, at which point it will make a further announcement. ...” So we must be saying the funds have definitely NOT been transferred because we have not had a further announcement.
As we patiently wait for confirmation which incidently is not even a month from the previous announcement , LJ is not wasting time , the mine is being actively got ready as well as the large approach road........As I have said before I would wait till months end to include diamond production and hopefully Heavy Mineral Sands license.......I for one am in no hurry..!...................
As I have said a couple of times I bought this in preference to KOD but the latter is now in breakout mode ! Also, KZG seems to have no presence on twitter other than a 'tweetless' header, I'm surprised Fortitude isnt on there TBH !!!
Yes, trying to be funny after a few ales! The sarcastic point I was trying to make was its now 17 working days since due dilligence was completed which seems quite a long time for the transfer of funds. Show us the money!
For everyones info, I once had a few million transferred to me from Namibia. I'm pleased to say it took just 17 short working days (including a bank holiday)......so with that in mind, I'm in no doubt whatsoever that the money will be in KZG's account by 9:00am sharp tomorrow morning. You heard it here first!
As I have been saying recently L J should not be in too much of hurry to RNS as we really need to have a detailed update inclusive of the TVM partnership,..... the pipeline timetable with full costs .....4 months trading for diamonds including last months new block.......the diamond partnership with detail.......and probably the most important the heavy sands minerals with license details......until we get this information I cannot see any sense to issuing another damp squib RNS....on a more positive note as LJ s last RNS states we are preparing mine at breakneck pace which suggests to me L J for one knows the deal is in the bag....................
You miss the point Funky. All due diligence has been completed. We are only awaiting the transfer of funds and 24 days has passed. I am genuinely concerned that something is amiss. They are only awaiting FINAL confirmation that the funds have transferred. This is not speculation this is their words nearly a month ago.
The transaction cannot have concluded as the investor/s are being issues with shares as part of the transaction. As the number of shares will be increased as a result of the transaction it will be an mandatory RNS.
I express my views of the DD RNS and thought it was very strange and premature. The Co need to clarify exactly where we transactions is. You cannot put out an RNS saying the DD in completed and we are just awaiting the transfer of funds. This can, and has been, viewed by some investors as being misleading. Has a deal been concluded or has it not - only Co can answer than one i am afraid
Aye guys ur right. I don’t have a receipt showing money in the bank so ur spot on. Will watch my words from now on. All I no is I have spoke to people not connected to KZG and explained the situation and they advised that due diligence to establish where the money came from takes all the time. This happened with KZG case. Once that due diligence has been finalised there is no reason for any hold up.
Apologies if I seem to be implying to any holders something that I fully no that has happened with this company in terms of money is in bank.
@funkybeats I would like to see evidence of money in the bank before making such a bold statement (you may be right but without the RNS or insider info then we don’t know!) KZG seemed happy to post the RNS about the due diligence so don’t see why they wouldn’t post about receiving funds if they had received them. I’m not worried as things take time in that part of the world, and as a LTH we know KZG needs patience, by the bucket load. But hopefully that will soon be bucket loads of expensive commodities ....