Member Info for bcl42

LC also said in one of his video interviews that ‘shareholders would be handsomely rewarded’. He also said the Tanzanian government was fully supported of the MCPP and ‘its when not if’. Not a single positive statement of his has ever come to anything. When the 433m shares are available for trading (4th Nov?) I am expecting 3p here as the cash will be ignored (a big chunk was already spent) but the dilution will not.

Well and truly shafted.

I will add if it it hits 0. 3p or less

Good luck Davey. This has been and remains a real dog of a share.

Unfortunately JD you are spot on. At what point will we cease to continue issuing 500m to 1billion shares a year just to keep the lights on? LC appears to be playing this completely by ear. It feels very reactive and certainly not proactive. I.e. whenever.

I hope you are right SirG. We need some serious genuine progress and not the signing of more non binding agreements or supplier tie ups.

I see what you mean. Its actually brilliant.

I know Aerial - My post agreed with you (in a long winded way).

I forgot about that Dave - now done. Funny thing is I filtered FPTM and the system automatically filtered 3 others.

'Why is nobody backing up the truck?' - boring or what? I will now do everyone a favour and ignore you Sonic.

What do we think total capex costs are for all the projects (1050 MW)? $1.5 billion?

What is this obsession with 'What price are you buying at?' I am not buying any more shares as I have no more cash to invest but I have no idea what that has to do with you. It's personal. If I had £100k floating around which I didn't need and could afford to lose I would buy 22 million more shares here and bring my average down to about 1p. From that point I would be pretty convinced that I would make a decent return unless KIBO actually goes bust. Please stop asking the same boring question Sonic.

Aerial, we have some ****ed off (with the company) posters which I sort of get and we also have one poster with 2 new user names who is bitter and twisted and also incessant with the same stuff day in and day out having a go at other holders, which I don't really get, particularly as that individual has sold out and allegedly moved on.

It was indeed thanks Deecay. One way another a negligible amount compared with 6p or 7p.

Thanks for the considered response Max.

Unfortunately Jax I sort of get your point. I don't take any pleasure from me losing or any other PI's losing their investment but I would love to see the BOD (and Sanderson) lose theirs now. However I think it better to think of that as the ultimate consolation rather than the objective.

Max - its already been a long ride.
The placing was horrendous in terms of dilution - 137% more shares for a mere £1.99m. I, along with most was expecting a placing but I don't think anyone expected that many shares at that low a price. If LC continues not delivering at some point we will require to add around another 40 million shares for every month of non-delivery. It's an absolute disaster. I can live happily without my investment but I refuse to pretend that makes it alright. Also the Boards decision was easy. LC for example could invest £35k at a vastly discounted SP (plus scandalous warrants) or lose his £200k+ a year income so please lets not kid ourselves that it was a vote of confidence. At 5p with the MCPP at a 'tipping point' maybe but not at 0.045p with no other option.

LC continues to prove that he is not the man for the job. I don’t have a name for his replacement but losing 95% of shareholder value cannot be a prerequisite. Turning £40m of cash into a business work £3.6m just ain’t clever. In fact the clever bit is that we still haven’t gone bust under LC’s stewardship regardless of how little he achieves.

Are you living in some parallel universe? The only people that have trashed this share are LC and his board. Wake up and smell the roses Nelson!!!!

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