RE: That tweet25 Sep 2019 07:19
Rizq sorry but had to smile at your accusing others of being negative with china. When was the last time you read anything positive he has to say about the company hes supposed to be invested in. Youll have to go a long way back to find it. He has an agenda and im surprised that you either cant see it, or choose to ignore it. Im aware of whats happened in the past..wasnt here in the Ortac days but I know things werent going well there for LTHs. I invested not that long after NvS arrived and cleaned up the mess there and put things on the right track. Of course nobodies perfect and some mistakes may have been made but re Kalaba, bear in mind that Nick inherited a mess that was started by others in an incompetent way and he wouldnt have done things in the same way but decided the best choice was to complete the CSD plant, given that so much money had already been spent on it and it had to be completed for the license requirements and maybe also to help cement good relations with the Zambian government and the locals there. Also remember that much of the value in Kalaba is in the cobalt, the price of which has taken a dive. Not something thats easy to forsee but if it comes back to a good level then who knows, maybe theres a chance of some small revenues but as far as I can remember those possible revenues were being bigged up more by well intentioned and enthusiastic investors..myself and im sure China included, (yes he was very enthusiastic at that time when he was fully invested) rather than by NvS. Re the gold asset..im guessing you mean Casa, Nick has always said that he could sell it but only at a lowball chinese offer that doesnt reflect anything like the true value of the deposit. Maybe theres even an option of selling another asset or finding other finance and developing the gold ourselves with a jv partner rather than sell at well below its true value, which I think is some $4 billion in ground value, at a time when gold is predicted to rise for for quite a while yet.
Anyway...long story short, I have my own opinions on my investment here and have done plenty of research and choose to stay positive, so im not going to be swayed by the likes of china and his constant deramps but I can see that some have or could be swayed by him, so ill keep countering his constant negatives and twisting of the facts regardless.