RE: New project30 Apr 2024 11:34
Okay,
So let's get this straight:
You, RHT99 think Kabunga "escaped" ACP because he didn't think Mahenge was viable. Apparently, because Kabunga knows Tanzania well.
Again, you make terrible points.
So, Kabunga left ACP because Tanzanian wasn't viable, so what does he do?
*drumroll, please*...
He goes and works on the Bunyu Graphite Project over at his company Volt Resources... Which is... wait for it...
LOCATED IN TANZANIA!!!
Round of applause for RHT99.
But wait, it gets even better. EVEN better.
Volt Resources has ANOTHER project. Where's that one located?
Wait for it...
*drumroll, please*....
UKRAINE!!!
Mate, it's incredibly difficult to take you seriously.
Forget all of these other points you want to discuss. Let's clarify this one first, and then we'll move on.
So Kabunga was super smart, and Matt Bull held the door open for him.
Holding the door open for him, Matt Bull didn't sell a single share, and actually bought more.
Kabunga sold out, but he then went on to develop projects in Ukraine and Tanzania. But according to you, RHT99, he knows Tanzania well, so why is he developing Bunyu in Tanzania?
The fact is, that Kabunga has been aggressively selling. Usually large sellers leave in off-market transactions. Clearly there were plenty of buyers when he was selling, and Kabunga deliberately sold down on the market.
But hey, you're welcome to re-write history.
You still haven't adequately explained how MB 'held the door open'. Apparently MB received quarterly reports on sells. Okay, so how does that constitute MB 'holding the door open'? Is he supposed to force people not to sell? Can he? No. Rather, you don't have an answer to this. Kabunga aggressively dumped for well over a year. He's not a bastion of morality, or somebody capable of developing a Junior Resource.
Or maybe you mean he released amazing news during the period of Kabunga selling - Did this happen? No.
You say MB has screwed it up. Has things paused? Yes. Has things gone backwards? No.
Personally, I'd rather not see a micro-cap company on the hook for almost $40 Million in infrastructure projects. How does that benefit any of us?
You points are incredibly contradictory, and make little to no sense.
Why would MB be buying more when he could just sell? Why would he want to help out Kabunga, when it's well known (and you should know this) that Kabunga didn't want to develop anything - Only to be a lifestyle company. It's also well known that MB and Kabunga had a falling out.
But let's not look at rumours etc. Let's look at the facts.
Kabunga has around 5 companies. Only Lindian was doing half decent, and even that's dumped heavily.
His Graphite Company VRC is basically at the Death Spiral Finance stage. And this is the apparently smart man you think saw it all coming? The man who invested in Ukraine and again, Tanzania which he 'knew' very well?
Sorry, but these revi