RE: It's clearly a difficult time for the invested,03 Sep 2019 18:40
bcl42 Who knows?... We thought that a SML was a given, we thought the MCPP was our Flagship. We thought this would be done and dusted by now, but it isn't. Guess no one knows the answer, BUT it could happen tomorrow or the next day, but it might not. I still maintain that it will take very little to turn this round and kick the SP through the roof!. Look at Edenville (on a single RNS line) 42% rise yesterday 25% rise today! Neither held, but it shows that there are many investors watching very closely and chafing at the bit hoping to catch a ride, which imo is exactly the same here. We are just waiting for that snippet to arrive! and I think it will !!
BigEye I don't know why you bother?, as he only pops by to make supercilious condescending narcissistic statements (who's does that remind you of? lol ) and has never engaged or offered anything to this board. Makes me wonder what sort of a person needs to do that?.
RE: It's clearly a difficult time for the invested,03 Sep 2019 14:03
I agree to a degree, but doubt LC is sitting on his hands and guess that if it was within his power he would put the SP up. Sadly that's not the case. Being invested in a few mining stock (one being the giant SXX), but particularly in Africa, not everything that happens is solely down to the CEO. What I would like to see is a comprehensive update by LC made directly to the shareholder removing some of the conjecture.
RE: It's clearly a difficult time for the invested,03 Sep 2019 13:35
bcl42 No I don't accept that, but that's not to say that it won't happen.
We know the reduction of the par value is an obligatory requirement under Irish Law because of the trading range (coincidentally which I posted about minutes before the RNS dropped). The action clearly opens other options for the company moving forward, but the reduction on its own imo should not be diluting. It's a bit like saying consolidation reduces the value of a share holding, which is not the case. LSAI which had a 100:1 consolidation was very shortly after in March 2019 voted the best share on AIM. This action is not a choice by the company, it's a direction under law. That said shares go up and down just like today -3.13% as we speak.
It's clearly a difficult time for the invested,03 Sep 2019 11:57
but as mentioned recently:
“Life isn't about waiting for the storm to pass. It's about learning how to dance in the rain"
As a Realist I will continue to throw what some might call "good money after bad" as my hopes for Kibo have not changed (unlike the goalposts), because at this level imo (if you believe) it would be foolish not to! ________________________________________
realist /'ri??l?st/ noun 1. A person who accepts a situation as it is and is prepared to deal with it accordingly.
All imo bwtfdik wwtboototw pdyor gla et cetera et cetera !!