Member Info for bcl42

No mention of Bots for sometime. However we were told earlier in the year that all of the projects were being ‘reviewed’ so is Bots about to be given away to a deserving cause ?

We were invited to tender for supply into the power pools well over a year ago. What has happened since? Anything other than ‘making progress’ which is meaningless?

Still no action on the barren wasteground site to receive the kit, Sloane not yet floated but MED will be operational ‘much earlier ‘ than the end of the year and it’s mid September.

Wimbo. At the last shareholder meeting we were told by the Moz Guy that PPA/offtake negotiations were going really well. Almost 2 years later we are still waiting but ‘expecting’ them very soon. I think that answers your recent question regarding his credibility too.

So will we get a Moz PPA in the next 2 weeks and see the SP rise or will LC yet again prove that he is incapable and miss the date yet again and reschedule to some time in 2021 which will undoubtedly see the SP fall to new lows?

Has LC said something?

Gillie - I think only an idiot would make the following statement in late August if there was ANY chance of the earlier date not being met. However, like yours, my bet would be that neither of the dates are met.

From the recent Moz update I love the use of the word 'eventually' as if LC is admitting that it won't happen any time soon 'We are extremely pleased with the progress being made in Mozambique, which will EVENTUALLY culminate in...'

'He suggests that given the good progress on stage 1 of the feasibility project that stage 2 could happen more quickly than originally anticipated' dated 2014-10-09. And new holders wonder why LC has zero credibility.

good ere init?

The signed Offtake agreement and PPA for Moz in 3 weeks time should see an uplift in the SP. Yeah sure as if that’s going to happen. Anyone want to take a bet that it isn’t postponed or kicked into the long grass?

Also those ‘next steps’ are from a year ago which proves my point that they are not steps but continuing states. LC is incapable of making anything happen in Tanzania and appears to know less about what is happening there than anyone else. KIBO remains a complete joke but hopefully there will be an unwarranted spike at some point and my millions of shares will be worth flogging.

Tweet tells us nothing. 'Maintain negotiations' is not a step its a continuing state. Ditto 'Developing export option'. That tweet sums up KIBO perfectly. It says nothing of any interest to anyone. What is the 2020 commitment? For whom to do what by 2020?

to the buyer of 98,000 shares for £280. A couple of year ago they would have cost you £5000.

Who knows? It’s like so much with KIBO. Nothing is planned or advanced or completed or communicated. Everything, with the exception of the BOD’s salaries feels random and slapdash. The whole MED/Sloane ‘plan’ appears to be another opportunity to obtain yet another salary. LC will eventually be on £500k for running 3 listed companies worth £10m. If they were his own companies that might be usual but for 3 listed companies that would be outrageous.

You are right Aerial, ‘worrying’ is the wrong word. The right word is ridiculous.

No surprise there. It is September 9th. Bordesley is meant (latest timeline) to be up and running by the end of the year. No work has been done on site. Let’s say it starts today and takes a month and the generating kit arrives a couple of weeks later and takes a month to install, commission and test. We are now, at best I suggest, towards the end of November. But LC thinks it’s OK to include the words ‘much earlier’ in the latest RNS. I find that worrying to say the least.

What if we don't get anything over the line this year, next year, the year after? Is LC not a loser as long as KIBO is a going concern (not just because he gets a salary)?

SirG - Dozy has called it right every time so far. His questions are all pertinent but we will never be given that sort of information by LC. He works on the basis of bare minimum.

That would be helpful. Is it is still untouched?