Member Info for jdt1990

Wimbo - I hope it does for you buddy!

Screams desperation from the govt really doesn’t it to try and give people hope this is going away sometime soon.
Would you give your family a “vaccine” that has been rushed through the trials process with no knowledge of long term side effects and only takes the edge of symptoms? For some people the symptoms were so bad they would still be awful. NO THANKS!
Also that article will pop up a lot here today I think used as bait to say our product will be obsolete. They aren’t going to be able to produce enough for the whole world....and even if they could, no guarantee everyone will take it

We’ve had the end of June news we were expecting.
There’s no major delay or slippage in timescales.
We have a viable product that is being optimised to ensure what is sent for reg approval is the best it can be.
Couldn’t give a sh*t what ODX are up to, they are producing a different product.

Deramper brigade out in force again today

Not really a surprise - think Rio have a lot better things to be doing than dealing with this joker. I guess Conroy now needs find some more unwilling PI's to buy a few extra shovels and pay his salary while he "explores" for another "promising kimberlite anomoly"
This and CGNR will be delisted I am sure....

I don't have twitter but wonder if you would get a response from them on there? Call him out where the world can see....

LC earning his salary making twitter posts from his golden throne....of which there are actually quite a lot of posts on there.

https://mobile.twitter.com/KiboEnergy/status/1278249492085649408
https://mobile.twitter.com/KiboEnergy

???????? ?????????????????? ????????????????
Diverse energy project portfolio comprising 1055 MW generation capacity nearing commercialisation
9 revenue streams planned to progressively come online in 6-48 months

Sounds appealing - unless you've been here for years, told the same thing every quarter, seen nothing actually delivered and dulited ot the point where your investment is 98% down. Hard to think $1m will bring this all to life....

Thanks Wimbo - sick of trying to defend my viewpoints on here. I know you more than anyone was hit over at KIBO. I lost a lot relatively for me at the time but you had it bad. Sold down the river by LC with years and years of empty promises.

Potter - if you think were all here for lower entry prices, you're wrong. Anything LC is involved in will not be getting a penny more from me. I had an amount I was willing to risk given this was a gold related investment to try and recoup some of my losses. More than happy to keep you posted weekly on my shareholding over the next 6 months if you want to drop me your email?

I've not once said anyone should buy or sell either so no deramping/ramping. You have your view that a delay is fine and this will come good, boy do I hope so for us all. However, from past experiences delays with anything LC is involved in tend to be because there is nothing of any substance for him to report and buys him time to pay his ridiculous salaries.

Anyway, I have my view, which I will continue to express and believe me - you have my word here, if he pulls this out of the bag I will publicly congratulate him on his achievement and you for keeping the faith. But you have to understand why people who have really been burned by him in the past can see all the signs of history repeating itself. I don't want ti to happen but we need to provide some balance and reality of risk for anyone new looking to invest here.

If you read it closely Potter no financing partners are going to the site, just the JV mgnt team.

“The Company is delighted to announce that the JV-management and technical team will be conducting an extensive site visit from 1 to 2 July 2020, at the Project; the main objective is the acceleration of progress in two key areas of the JV”

You have to ask why people already part of this company and project have not used the last 2 months to planned how to go to the site to allow them to answer what would be inevitable questions from Potential funding partners.

It’s cleverly worded to cover the fact they have been doing sweet FA. Not sure what there is to be pleased about really apart from the delay hopefully means the POG keeps going up.

Have to agree CF. He’s wheeled out the COViD card which has bagged him another couple of free salary months. It’s now no less than 14 interested parties, when it was 14, just shows the bs this man can spout.
Appreciate some form of due diligence would have to be done by any potential funding partner but you’re telling me that they haven’t been able to progress anything to a level where there is a definitive shortlist at advanced negotiations?
Oh well - back to the bottom drawer for these, could read him like a book. No substance RNSs are his forte!

Basically for equities and equity like instruments, orders that are large in scale can benefit from a waiver from pre-trade transparency. The waiver is designed to protect large orders from adverse market impact and to avoid abrupt price movements that can cause market distortion.

its to do with Mifid post trade transparency reporting:

The regulation requires ESMA to draft regulatory technical standards (RTS) to specify how post-trade
information is to published, including the conditions for authorising deferred publication.
This is outlined in RTS 2. In particular, Article 8 provides the technical standards with relation to the
deferred publication of transactions. Essentially, it provides that where a competent authority
authorises deferred publication (pursuant to Article 11 of MiFIR) investment firms trading outside a
trading venue and market operators and investment firms operating a trading venue shall make
public each transaction no later than 19:00 local time on the second working day after the date of
the transaction, provided one of the following conditions is satisfied:
(a) the transaction is large in scale compared with the normal market size
(b) the transaction is in a financial instrument or a class of financial instruments for which there is
not a liquid market
(c) the transaction is executed between an investment firm dealing on own account other than on a
matched principal basis…and another counterparty and is above a size specific to the instrument
(d) the transaction is a package transaction

Apologies probably went in a little hard there Stretchum - it's just nice to have something to discuss on these BB's sometimes rather than having the SP pointed out to you.

Continued.....

• Implementing synergies across Vametco and Vanchem as we integrate the operations.
• Drive operational excellence and cost reductions at Vametco and Vanchem and meet our operational targets
• Advance construction of the vanadium electrolyte plant.
• Implement additional, larger electrolyte rental contracts.
• Complete the Enerox acquisition as part of a consortium.
• Demonstrate a business case for VRFB deployments, including delivery of the Vametco mini-grid as a funded independent power producer.
• Participate in the 2,000 MW South African Integrated Resource Plan energy storage allocation and other African projects within the World Bank’s 17.5 GWh energy storage roll-out programme, including at Eskom.

Please do let me know if you have any further questions.

Kind regards,
Chika Edeh

Head of Investor Relations

James2k66 couldn't agree with you more - this company is clearly conservative on cash spend as they have a business plan to execute and PR is crazily expensive, especially for small companies to get PR of any quality. I can see why people think the PR is not amazing here but ultimately I would rather they spend more money doing what they tell us they are going to do rather than spending it telling people what might be going on.
The way financial markets are fed information has changed hugely over recent years. Whether or not you agree or use twitter, the fact the president of the US has taken it upon himself to use it as the medium to address the masses shows it is now an integral part of information sharing. Sadly this opens up to all sorts of misinformation too but its a new world.
The company are old school, have integrity and it does look like they are finding their own way to promote themselves and their work with things like a growing twitter presence.
They may not be the most active on the RNS front but I received a very solid response from them on my questions recently. The info is there you juts have to look for it....

was unable to get my questions in at the BMN investor event on 4th May so dropped them an email, which I received a response from them yesterday. My Q and the response below should they be of any interest to people:

Good morning Fortune,

The moderator didn’t pick up my question on the call this morning, I was hoping to get some clarification around a couple of points. Firstly, congratulations on another sterling set of production numbers given the various challenges the world environment has posed. I am also very impressed with how wisely time has been used in this period to put the business in a strong position for the remainder of 2020.

I wanted to ask two questions:

1. Does the current environment offer any opportunity for additional negotiations with the Enerox deal?
2. With what seems to be regular positive news flows from the business and expanding potential future revenue streams, what do you see as the catalyst for the share price to reflect this, given we are currently 75% lower that the highs of late 2020? I don’t see fundamentals changing to warrant the significant drop. Will the company be addressing this?

------------------------------------------------------------------------------------------------
Dear Mr,

Thank you for your email and apologies for the delayed response. we had a few technical issues with our general mailbox.

We are currently negotiating the terms of the Enerox translation. Covid is both creating challenges and opportunities in negotiating and completing the transaction and part of the reason. As per all transactions we will try and negotiate the best possible terms for our shareholders to create long term shareholder value.
I have listed below the Group’s priorities for this year which we hope will assist in the share price re-rating:
• Implementing synergies

Yet hes got the time, money and energy to be making videos that simply repeat the fundamentals of a project that has already been disclosed 400 times in an RNS. Now where have we seen a load of hot air like this before?

https://twitter.com/KatoroGoldplc/status/1277923799057534983

TMT I do agree with you that talks of £1 are very much ambitious targets for the long term (certainly not unfeasible) and some people are in here for the long term that is for sure. It's good to keep grounded in terms near term SP as you say and definitely the market is only valuing this company based on Havieron, quite rightly.
However, I would counteract your lot of time comment with 2 variables in that valuation of Hav that have significant near term upside potential (depending how you define near term but I will say <12m) :
1. The size of the resource - as more drilling data comes out, the signs point to it being a 10m oz plus resource. With an MRE due H2 of 2020 there is a good chance this will revalue Hav way over 11p.
2. The price of gold - Looking likely to rise significantly. The numbers that the 11p valuation of Hav are based on I feel use a POG estimate that is on the low side, coupled with an AISC that will reduce significantly if we block cave.

Add to that if any of our newly announced near term drilling of scally drill hits something of any comparison to Hav there will have to be some value attributed for that.

Definitely need to be realistic with price targets but this does have some material short term upside potential.

Great find CF73 thank you - hopefully this sets us back on the right track

And just to be crystal clear - I want the price UP to offset some of my 97% losses on Kibo. Ideally I make some profit here on an average of 1.5 and that filters through to Kibo where I can sell my holding at less of a loss (average 2.6 there) and run for the hills. Hows that for disclousure

check my posting history over at AVCT and GGP buddy - I am 100% against deramping and am also not a ramper, I stick to the facts. You can also check my posting over at KIBO which will show my distaste for LC based on the FACT he has proved his incompetence time and time again in the past which is what I am trying to put across here given he is in charge of the Co.

As I said yesterday potter, the sp going down here is of no benefit to Kibo holders as it owns a share of KAT. If for one am invested in both and would love to see my investment flourish here and filter through to offset some pretty chunky losses on kibo. Just trying to give people here an idea of who is in charge so they can go off and research that for themselves and make their own decision. Purely adding some balance but not telling anyone to buy or sell.
There is clearly potential here, POG going only one way, a Jv partner to hopefully keep the leech in check but it’s easy to get carried away in the gold boom idea and forget we need someone to commit the capital to get this off the ground and LC has history of terrible deals and never getting projects off the ground.
A lot of potential positives here but still in a very high risk phase as KAT on the back foot in any negotiations.
I don’t want the sp to go down as it a) obviously erodes the value of my investments and b) will not be adding any more here until the project is significantly derisked.