Member Info for bcl42

So the sad muppet can get it removed.

Keith - I am thinking the same thing so hopefully LC will have something very positive and substantive to say at the meeting.

There’s a surprise.

Is that this may well still reach 35p (£2.20 was always completely ridiculous). However I am no longer up for either the never ending wait nor the stream of timeline-related tosh which the company and its brokers continuously expect us to believe. I have also lost faith in LC’s supposed close relationship with the GoT which was a perceived strength of KIBO. I hold every share I have ever bought and will sell as soon as I think any momentum has gone out of a rise above 5 or 6p. But will always be happy for even longer term holders to hang on and make a killing.

I have to agree with Altium’s earlier post. Sonic I don’t think you can go from £2.00+ to your current stance and expect to be taken seriously. You are now a trader according to your own posts and therefore have short term motives too. The fact that you continue to post, which of course you have every right to do, is one of the most astonishingly brazen examples of a seriously lack of humility I have ever seen. I have just broken my own rule of ‘don’t play the man’ but young are the exception proving the rule.

And are we to assume that all the timelines in the FE note are just completely pulled out of thin air? If so the broker note is not worth the paper it’s written on. Give me strength.

Also in absence of actual knowledge I don’t think the default position is today or this month. That’s just stupid guesswork.

I am not saying nothing is happening. Quite the contrary. But it could of course be exactly that. It’s KIBO

The FE note (as presumably supported by KIBO as it was tweeted by them with no qualification) clearly shows SML and Tender Qualification in December. So FE start off with a score of 0 out of 2 which again is the KIBO story. For goodness sake hit a bloody timeline.

15 days notice of a January meeting if given today. Hopefully LC is completing something positive before committing to the date.

I wonder if LC will turn up to the shareholders meeting with the message ‘nothing much is coming in the short term other than dilution’?

The note shows plenty of activity and milestones leading to Financial Close on Moz and Bots by the end of the year (and Tanzania straight after). If we hit all the deadlines there will be an assumption we will FC too. It ain’t rocket science.

There will not be a rush to exit if LC can actually start delivering to timetable. There was no quibbling from the company about the milestones in the broker note but we have already missed the December SML. If holders think there could be any sort of sustained momentum resulting from KIBO actually delivering on the non-Tanzania projects where we can’t blame the govt they will want to stay around and reap the reward for their huge patience. LC needs to completely turn around the market’s view of KIBO being all talk and no delivery and that can only come from hitting successive milestones.

I could have sworn I posted a reply to Sonic and Pauly??

Why not just implement the funding strategy which resulted in the GEC award for innovative funding or is that route now also a dead end?

Most likely answer is that the Tanzanians don't know how to operate their own cadastre. LC's statement is unequivocal and I have no reason to doubt him.

Or we are actually going backwards instead of a full stop

From 7/12 RNS 'With this now complete and having recently been recommended for grant of a Special Mining Licence from the Mining Commission of Tanzania, we remain hopeful that 2019 will see the swift advancement of the MCPP in tandem with our two other utility scale projects in Botswana and Mozambique." Either the site is wrong or LC is resorting to porkies. I will assume the former.

Or hopefully just very clever or lucky person. Either will do me.

I think the market, and certainly me, are way past hints and reading into minor pieces of activity. It’s time for actual delivery of something, anything.