Member Info for bcl42

Presume that every current long term holder wishes they had got out at 6, 5, 4, and 3p. I do. I could have doubled my holding.

Even get into the pretend twitter group.

And that we were at a ‘tipping poInt’ about 9 months ago

And that Haneti and our gold deposits were each $750m businesses.

But then again we were told we would get to FC in 2017

We have been specifically told that SEPCO don’t need SML or PPA to invest.

I.e. sell at the overdone bottom

Not me because I would probably miss the quick overdone drop and have to buy back in at a slightly higher price than I sell.

I hope we never find out for sure but anyone who thinks a delay won’t effect the SP is really kidding themselves. There will be a stampede to sell.

I am looking forward to the 5p party.

Yes 30p. The 50% discount is meaningless. It will either happen or it won’t.

Your post pretty much sums up where we stand.

Let’s hope they are right then.

I so so hope you are right Wimbo.

The reasoning won’t matter. It’s all about cash. It doesn’t matter if the GoT are wanting power on the cheap or for free. If SEPCO aren’t convinced that there is a good investment proposition (for all existing projects I.e. in KIBO Energy) then I can’t see how that could be spun as anything other than a huge negative. I am not expecting this but prepared for it as, sadly, that is the KIBO story to-date.

Unless, of course, LC tells us that that he has a SPECIFIC alternative way (other than issuing 500m shares at 1p) to finance all of the projects up to FC which is the short term concern.

I don’t think so Mike. Sadly I think we will see close to 1p if there is a further delay as the message this gives will be that all is not well with the MCPP. SEPCO would therefore be giving a vote of no confidence regardless of whatever the comms might say. It really needs to be positive news.

Of one sort or another pretty much guaranteed in the next 3-4 working days. Either SEPCO buy-in and we see a lift from current low or they don’t (including delay) and the SP crashes even further. LC has to be aware that one way or another it really is crunch time.

Lets hope so JD as this currently feels like death by a thousand cuts.

We didnt get any cash for Haneti it was more shares in KAT (I know, we may as well have given it away)