Member Info for bcl42

Just in case their is a biggest loser (interpret that however you wish) competition taking place I am down 84%

I think if LC came back now and said its OK it 's back on with Tanzania the share would halve again. It's not an asset it's a liability.

My current train of thought is that LC is incapable of completing anything. This share is on its way to being worthless unless something significant happens on the other projects to convince investors that this is not the case. If LC is incapable of providing that 'something' then he needs to do the decent thing and move on. I am 85% down on my investment so I would rather see someone else have a go than see him continue drawing his huge salary from this tiny company while investors lose their money.

This is going to take more than a smidge

Although buying into KIBO is totally my decision I am extremely angry at the way we have been strung along for a considerable period of time. The stories about chasing the PPA and SML, the ‘when not if’, the great relationship with the GoT, even at the investors meeting we were still being told it would happen. In answer to my question LC said ‘excited and frustrated’. I get the frustrated but what was the excitement about? If he did not see this coming he is the wrong job. I would have done a better job with reading the GoT. I can say that because LC got it absolutely 100% wrong.

The time to bang the table was months and months ago but I hope LC is at least calling to give those in charge an earful and not sending a polite letter.

Is a massive understatement.

Totally agree. LC's only asset was his perceived closeness to the GoT. This has been proven to be worthless. He needs to go to improve the credibility of KIBO.

We have sold off 2 of our 3 $750m projects and they are now worth about £750,000. The 3rd, and Flagship, project is now dead in the water and worth $0. We have no cash, will have completely upset (there are better words) all our institutional/large investors, and have 3 other projects all requiring cash. Not to mention that any confidence in our CEO is now completely shot to pieces. Happy days. Where are you Louis? We need to hear from you PDQ.

to find some very good news, extremely quickly

It doesn't even appear on the FE Broker timeline. I cant wait for their next Broker Note. The last one is now complete tosh.

There is every possibility that the GoT have a plan. One which does not involve KIBO.

Knowing KIBO we could well now have silence for a couple more months. The GoT will probably never reply to LC's demand for an explanation in the same way they ignored the daily runner chasing up the SML. KIBO never fails to disappoint.

I would abandon it and tell the GoT where they can put it. It is completely worthless. I would give the keys, (deeds etc.) back to the GoT and make sure that we never spend another penny on it. Tanzania has proven that it is a basket case for investors. No one will want to risk money there as a result of this farce.

There is no point in contacting LC as he ignores communications (with most shareholders)

If the Tanzanian Government put the wrong letter in the envelope.

Oh for the heady days of 2p

There is something extremely fishy about the whole Tanzanian saga. i.e. it stinks

All that time, effort and money for absolutely nothing.

Absolute farce from start to finish. So much for LC's special relationship.