Member Info for bcl42

Mandatory retirement age ?!!?!!!!??!!!!

Every accurate criticism since day 1 has been considered a ‘deramp’ by many posters here and the vast majority of them were genuine attempts to point out the failings of the BOD. These were my first posts of LSE for a couple of years and will be my last. Good luck.

Point taken but hopefully you get the idea.

There are, and have never been, any derampers on either KIBO or MAST, just investors pointing out the years and years (10+) of complete non-delivery and over promising on EVERY single project that LC has embarked upon (Bordesley machinery was ordered and being delivered pre-covid). KIBO and MAST have probably spent around £50-£60million between them to arrive at a position where their joint market caps are around £2million. That has to be failure by anyone’s measure. They are both badly run businesses with the only winners being those that have been and continue to paid excessive salaries. I have lost a lot of money in KIBO and strongly suggest that any investment here (and there) will end up as a 100% loss. No investment advice intended but if this share isn’t shouting out “buyer beware!!!” I don’t know which share ever would. All just IMO but I have nothing to gain either way and am way past being bitter. Happy New Year.

Of nothing other than changes of direction whilst LC remains a fully paid non-delivering CEO. What happened to Bordesley being up and running 2 years ago? How long do multiple funding options at KAT sit in the table? How much and when are we getting for flogging off the original and subsequent ‘flagship projects’? What happened to Haneti? Where’s the money coming from for the plastic burning project? Why would any existing, new or potential holder here believe that LC is going to deliver any shareholder value when he has done the complete opposite for the past 10 years? Other than if you give an infinite number of years and an infinite number of typewriters to LC he will eventually write the complete works of Shakespeare.

Apart from those expert investors what do you think?

If anyone bought in and sold out at a substantial loss and then bought back in again would the original loss be included in their current average? I would include it otherwise I could sell all my current shares now at a loss and buy back in at today’s SP and declare that as my average which would be somewhat misleading. An interesting if not important question but I will again leave the answer and any musings on that subject to the expert investors here.

Jax unfortunately you are right. LC remains incapable of achieving anything of value and is now buying revenue creating projects which presumably the owners don’t want for good reasons. There is no obvious commercial acumen or reasoning behind MAST other than to buy up unwanted projects. That’s neither encouraging or clever. If there are any proceeds from flogging off the ‘flagship’ projects then LC should return them to long suffering shareholders and fund the latest weird ideas with someone else’s money. KIBO remains a disaster and as long as LC is in charge that will never change. It has reducing interests in 2 companies which have failed to deliver any shareholder value and has admitted potential (or probable) reliance on their expansion funds for its own working capital. I cannot think of any reason why anyone would choose to invest here. All IMO.

I lied, a second and last post. SirG I think you are finally admitting that it’s way past time for LC to go. There is no elephant in the room. It’s blindingly obvious to most and has been for some time. Aerial, you used to be a nice, well balanced poster before you bought a lot more shares. Have a good day all.

A one-off post from me on a momentous day. LC finally admits that ‘Coal is dead’ but at the same time expects to sell the assets (great salesmanship). Shareholders have been strung along for 10 years whilst LC has been way behind the curve. We must have spent £30-£40m on these assets and one would expect their ‘advanced’ state to attract a premium. However I am expecting them to either have a zero value or LC to be ‘delighted’ at flogging them off for a couple of million to provide nothing more than another year or two working capital to continue paying his salary. LC is completely clueless and this RNS is an admission. He now expects to be given more time and money to pursue yet another hair brained scheme in SA. You have to admire his thick skin but surely even he now realises it really is time to go. The usual suspects will see nothing but pure genius in this latest debacle. All IMO.

Hello Dave. It’s good to hear from. I don’t post hear anymore but it’s nice to know you are ok. I agree with your sentiment. In my opinion KIBO’s days are numbered.

Aerial. I suspect you are a really nice bloke. I don't want to have online altercations with anyone let alone nice blokes so this is my very last post on the board ever. The hoorahs are deafening but I will watch from afar and wish ALL holders the best of luck. Happy Christmas .

The size of my loss means I get to call when I crystallise it and not you or anyone else. Honesty doesn’t equal low life. Optimism doesn’t equal better than everyone else.

You can think what you like Aerial. Do you have no idea of how desperate your minute by minute SP posts and 1m buy posts make you look? Rather than adding any positivity to this board they have the complete opposite effect as they suggest you have to desperately deny the truth and keep saying positive things to invest here. Repeating positivity doesn’t change things. Before you say it, yes I can sell but with a 90% loss of more than you have invested I don’t want to. That’s my choice as is telling it as it is rather than how I wish it would be. What’s your expectation of shares in issue and potential market cap?

and I forgot that Bordesley has had more completion dates than I have had hot dinners. I can't remember if it is actually planned to happen any more, I really can't.

Sonofagun you are right. We are at 0.18p, the CEO has just removed any timeline for the Baobab PPA, Sloan IPO appears to have ground to a halt, Bots has been put on the back burner, MCPP appears to be dead and a £1900 but is meant to be exciting. There’s glass half full and then there’s living in a dreamworld.

Aerial - let’s get one thing absolutely crystal clear. I have and never will lose a moment of sleep over KIBO. However that doesn’t mean that LC isn’t useless and the share isn’t a complete dog. The RNS today was yet another 100% failure and the way it attempted an upbeat tone was nothing short of contemptuous in assuming shareholders are all gullible.

Hands up who thinks IPO will be next delay along with Bordesley. There is an inevitability about KIBO when it comes to news and a decreasing SP. Still its cheap to buy, if that means anything.

I would be interested to hear why there is an expectation that LC will eventually deliver because history (which although not everything is the still the best information we have) on every project tells us LC is incapable of completing anything.

Lets be honest today's RNS is a complete nonsense and does nothing other than highlight yet again the overwhelming incompetence of the BOD especially LC. After 2 missed timelines we are now further away than we were 6 months ago. The word joke comes to mind but there is nothing to laugh at here.