patch18 Feb 2019 07:30
I believe you would look rather foolish sending the last 5 years of RNS's to the FCA let alone to LC. It's very easy to cherry pick the bits you want to satisfy your own thought process, Just a couple of examples because I can't be arsed.
“we have been able to submit a TQD of exceptionally high standard and substance in a very short space of time, submitting our TQD 24 hours ahead of the submission deadline; we believe that this will stand us in good stead. We are now waiting for a definitive date for completion of Phase 1 from TANESCO but expect this to be completed before end of 2018”
Tanseco withdrew the first tenders, and changed the requirements, not Kibo, so actually the statement in that RNS was correct.
"Company has awarded Sepco III, Kibo's Chinese development partner, the second lot of the Engineering, Procurement and Construction ("EPC") (Power) contract involving the construction of the Power Line that will evacuate power from the Mbeya Power Plant in the Songwe District to the TANESCO Mbeya sub-station"
That also is correct and if anyone had bothered going to the investor event, or even read the feedback from those who did, it was made quite clear that SEPCO 111 is only part of the bigger state owned Power China and they call the shots, so once again there is nothing factually incorrect in that RNS either.
There is one thing I’ve come to learn about LC over the years, is that he may be economical with the words he uses, but he makes sure he can’t fall foul of the regulations in terms of the information he divulges to shareholders. He also made it quite clear that in this game, you give nothing away, you build your business under the radar and keep you cards close to your chest in order to retain an intellectual advantage over your competition.
One thing is for sure, this ain’t over yet, not by a long shot.