Solid post on the other side18 Aug 2021 08:34
“ The insanity at Kibo Mining started way before 2016, it started in 2012 when LC 'acquired' the Rukwa coal deposit for a value of £20m, paid to his Mzuri Group chums in Kibo shares, the 'asset' was never independently valued. However, a nearby coal resource of a similar scale was acquired by Intra Energy for a tiny fraction of the £20m paid to Mzuri. Once those Kibo shares were distributed the share price plummeted by 90% as Mzuri investors dumped them by the millions, Kibo shares fell below par value leading to the 1st consolidation. The shrewd saw this event, never ever gave Kibo the light of day again, the rest is history.”