The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Firststopthemoon,
If funding comes by way of a private placing amongst the existing major shareholders, then I agree it's no odds to them.
A bit tough if you're significant but don't 'make the cut' for whatever reason; and 'doubly tough' if any part of the placing is done with outsiders.
Che sara sara.
ATB
Hi G_G_G,
" I feel/share your pain ;-< !"
I'd take it as a very poor signal to the market if the principal shareholder/lenders didn't step up to the plate at this stage of the game....a bit like someone nearing the tape at a marathon and suddenly resorting to 'mechanical assist'....
Apart from anything else, they'd be diluting themselves significantly/reducing 'imminent' upside, no?
ATB
ATB
Not sure who you're referring to in your last post Firststop. Sad to see us break into the 2's for the first time in many years. Get it together Hanno! And not a bloody raise. It will be at 2p at this rate. Amateur hour is over, time to be a CEO.
You're right KIBO isn't an issue, but we do have plenty other real issues. Hanno needs to get the bloody finances sorted, then GE, then timings. I couldn't give a toss about historical costs or EPC & O&M contracts now. Get the finances sorted and the rest should take care of itself. Hanno has shown himself to be a Junior Johnny of a CEO. Time for him to put some big boy pants on and start delivering on things that actually matter to investors. What a f'ing mess!
The simple of it is that KIBO are not in competition with NCCL. Baobab is a private customer/ end-user, whereas NCCL are negotiating with EDM, the key, very biggest partner and customer in Moz i..e State utility. KIBO moved to develop Benga, the other project in Moz, when their once-flagship Tanzanian project faltered completely. They are MILES behind NCCL with the Benga-Moz project. Is worth noting there is no mention of EDM in today's KIBO RNS.
KIBO is not an issue for NCCL.