RE: Just what you need...16 Apr 2019 09:50
A bit strong alling new members mindless rampers Larry?
Didn't you say this when you were jogonson:
Biddaddy: Interesting post from JOGONSON on ii board with reference to the recent KIBO RNS.... posts some decent opinions and sense.... so can't take the credit but thought I would share, I hope he/ she doesn't mind.
"Kibo language around the licensing is very fluffy and as such I read the situation as follows:.
1. Edenville's mining licence (once granted) will be one of only 3 in Tanzania. For whatever reason, the Tanzanian authorities may not want to grant another one so similar to Kibo thereby doubling administrative work but more importantly creating a competitive environment between two companies that should be working together for the people of Tanzania.
3. So once EDL have the licence they are in the driving seat and Kibo may even be told to speak to EDL. SEPCO will start the JV discussions and EDL will hold the Ace card.
4. SEPCOii & SEPCOiii will turn out to be related and say to Kibo we need you to do a deal with EDL.
5. A JV will be announced between SEPCO, EDL and Kibo.
6. EDL share price will rerate as RCPP is their main activity whereas Kibo have already had their surge of interest and other projects also balance out their MCAP.
7. So the big money to be made is here whereas Kibo is probably safer.
8. Every day this moves on EDL becomes more and more attractive.
9. These talks are probably going on right now but as with all things in Africa, until it is done, there is nothing certain"
ALL from the member that now preaches about over/bias positivity. You really couldn't make it up ha That is unless you're larrygreyson...
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