Member Info for bcl42

Has really got the attention of the market and we can sell our shares for the same 0.2p as before. If the SP was not as low as it could get given our interest in KAT I suspect it would go even lower on the basis of the latest repetition of the same old waffle.

The only good news is that the newest set of rampers will be soon gone like all the rest.

What news flow? Its the same old stuff about making progress whilst we issue masses of shares and warrants and change our minds on what the company is doing. Its all just the same old hot air we have been given for the last X years with more inaccuracies thrown in as usual.

This was actually written.... ‘ Originally, scheduled for commissioning by the end of Q2 2020, progress has been delayed by the impact of the COVID-19 pandemic and we now anticipate that it will come into production before the end of 2020.’ Firstly it is inaccurate as it was originally scheduled for end of last year, then the end of the first quarter and never the second quarter. Secondly what about the last RNS which told us it would now be ‘much sooner’? Also incredible that every RNS contains a load of drivel.

Here is the total MCPP strategy direct from the chairman -.......’ The Company is keeping political developments and evolving energy policy in Tanzania under review and believes other opportunities may arise for the MCPP to be developed to serve the domestic power market, either supplying electricity to the national grid or to private off-takers.’ That is it in black and white. Incredible.

‘KEB's mining licence application over the Mabesekwa Coal Resource was submitted to the Botswana Department of Mines in late 2018 and is still going through due process’ ...,,,that’s really informative. 2 years later and that’s all we get.

‘ By mutual consent, this long-stop date has been extended and all parties are working diligently to complete the process.’ - Extended to what date Louis? Is it a secret?

The SP is still 0.2p. What are you going on about???? No one is deramping but your continuing ramping is tedious and somewhat desperate and annoying.

‘ The Baobab term sheet provides for exclusive negotiation with Kibo on the PPA and as these negotiations are at an advanced stage, the Company anticipates signing of a final PPA before the end of Q3 2020’. Given that this report was issued today being September 23rd there should be almost ZERO chance of missing this date (I.e. 7 days time) as the paperwork and pens must be already on the table. However LTHs know this means absolutely nothing.

‘ Unfortunately the COVID-19 pandemic is impacting on the finalisation of the outstanding shareholder, coal sale and power purchase agreements pertaining to the finalisation of the restructuring of Kibo's Botswana energy assets. This was anticipated to be completed by 20 March 2019 under the terms of the binding Heads of Agreement signed between the Company, Shumba and their relevant subsidiaries in September 2019‘. ....,,,,,?????????????

Ditto

I am not so sure.

How many do you have now Aerial?

and?

BUT by the time he does our investments are diluted to kingdom come. I first invested here when there were 150m shares. I now know 5 Billion won’t be enough. So I have lost 97% of my investment just on dilution alone. And that’s before we need more than 5 billion shares to allow equity investment. Every 6 months we will dilute by another 20%. LC needs to increase the SP to 7p just to stand still from 5 years ago. A market cap of £350m. No chance.

The problem we have is that every time LC adds on another 6 months to every timeline it add another 500 million placing shares. The latest delay on the first Moz PPA plus MED from March to 2021 (it will not be ‘much earlier’ as per the RNS) just confirm that all LC does is stall and delay.

First Moz PPA due in next 9 days or has that been moved to end of the year now?

Yep. The new innocents who have no idea just how useless the BOD are here and those that have suffered their stories for a very long time. However the SP may well hit 0.6p as there are warrants out there for the usual suspects.

Strange how the 2 x 5 million sells don't get a mention

And there's me thinking the SP is 10% down and I can sell for a miserly 0.2p. What a load of tosh.