Member Info for Deecay

Yes, the electric management system!

https://dailynews.co.tz/index.php/news/2018-10-285bd54f79bafc6.aspx#

I suspect that a lot of questions submitted were all very similar hence they have been consolidated, plus you can add to that some questions which they were precluded from answering by market restrictions.

LC’s hands weren’t visible on the pitch, maybe fiddling like Nero? 🎻

while Rome burns!

for LC’s previous references to increasing shareholder value, holding investor evening’s, and special relationships!

When the SP falls by 30% in a relatively short period of time you would hope it brings a response from the management, the very least being the reassurance that nothing has changed to warrant such a drop - that being the case of course.

That comment isn’t argumentative at all, just a statement of fact! By the way, is this a 5 minute argument or 10 minutes? Anyway, if you want to start an argument try something like “ tomorrow isn’t another day.
Nurse! I’m bored.

My point is the word “maximum” is not used so it could be extended.

Laguna, I don’t see “maximum” mentioned in the RNS.

LC hasn’t attempted to put a positive angle on this, presumably there isn’t one!

Global you just have problems expressing yourself, like when you said the sp had fallen back more than 100%. So when people said the sp would fall back to the 3s that was no more telling the truth than the people who said the price would double we’re lying.
It isn’t about truth or lies, it’s about making predictions, some are right and some are wrong.

Global you posted “The sp is dropping, it's dropped more than 100% from year high, nobody knows what's going on and you've got people on here who seem to be oblivious to it all and acting like it's all ok. Alarm bells should be ringing.”
Could you explain how something can drop more than 100%?

Yes it’s easy to criticise in hindsight but, that said, LC has continued these past 3 years relying on TG promises and timescales - I think the penny is just dropping!
I still think he was far too rash to issue yesterday’s RNS when he clearly didn’t understand the implications for Kibo. Another penny about to drop - I hope.

This comment is from Friday’s RNS:
I would also like to take this opportunity to remind shareholders of recent developments on the MCPP in relation to the Special Mining Licence Application ("SMLA") and Water Permits. The relevant Tanzanian authorities have recently indicated a readiness to consider the SMLA following receipt of some final documentation necessitated by the recent changes to the Tanzanian mining legislation (now submitted) and have also provisionally approved water permits relevant to the water requirements of the MCPP. This engagement with the Company on its SMLA and Water Permits reflects our advanced stage of PPA negotiations with the Government and I believe shows its commitment to ensure all critical path ancillary documentation and permits are in place in preparation for the finalization of the PPA.

This seemingly patronising comment now looks rather naive in the light of today’s knee jerk announcement.

Dsrt2012, could you be more specific concerning your comment, where on the net? Tia

As you are aware, we have been engaged in continual discussion with the Tanzanian Government on the Power Purchase Agreement ("PPA") for the MCPP, following the signing of a MOU on the PPA in mid-February. Agreement on a follow-up definitive PPA, based on the terms of the MOU, is currently at an advanced stage of negotiation and, while taking longer to conclude than anticipated, the Company remains confident in the commitment and support of the Tanzanian Government for the MCPP, notwithstanding its complex nature and scale and the additional requirements needed from Kibo necessitated by the recent changes to the Tanzanian mining legislation. This situation is clear from both our private discussions with Tanzanian Government officials and their public announcements. The country's commitment to private sector input to national development projects includes those that address the country's growing energy deficit. Indeed, President Magufuli's recent pronouncements at the Tanzanian National Business Council meeting in March is an example of this commitment and further underpins our confidence in the process.

Just out.

This was nearly 5 months ago:
“Louis Coetzee, CEO of Kibo Mining, said: “It is regrettable that Kibo is unable to have a presence at the UK Investor Show, but executive management’s undivided attention is required in Tanzania during these crucial discussions. However, I look forward to meeting shareholders and investors at a private Kibo investors evening in London, where we can engage with and respond to the shareholders questions in a more personal environment.”

All 3 power projects are mentioned but only the MCPP is prefixed with “Proposed”.