Member Info for JDwag

More interested in what’s driving it, the best buying and interest we have seen in some time.

JD

You’d think! They will let you sell an ungodly amount of shares straight up above the bid.

JD

Who know, Aerial, let’s hope where there is smoke there is fire.

Better than watching red downward arrows that’s for sure.

JD

Liking the sentiment, may everyone on here make cash, but especially the LTHs.

JD

Ditto, Bcl. at just under 3p i take away a 100% return, a big one at that. Bring it on. But ill be critical if i bloddy well wish and so will my considerable 6 figure investment.

JD

Before you all start slinging dogs abuse at a long term PI like BCL all he is doing (reasonably IMHO) giving critical feedback of the CEO’s dire historical performance here, some of the new faces might not like that narrative, but he’s entitled to it.

With all the new found hope here, it would indeed be a welcome sight to see the CEO, in detail promote the company, he could give us detailed progress on his discussions with the EAPP / SAPP and the SA IRP 2019, he could give us detailed progress on Bordersley and the future sites under consideration with Power Balance Ltd. Considering we are still trading at circa 75% discount to our NAV a tangible and coherent update across our entire portfolio range with (realistic) targets in near site would see the SP fly. Why doesn’t the CEO do these ‘easy wins’ and allow the warrants to kick in, which in teun would cause the SP to rise further on the back of being on a solid fiscal footing?

Or am I too just a mean old crow living in the past?

JD

1 Code I see.

JD

https://africaoilandpower.com/2020/02/05/namibias-arandis-power-offers-eskom-120-megawatts/

Reading between the lines (you have to as Coetzee won’t tell you) is that Kibo is preparing to enter the South African market using the same mechanisms as the IPP in Namibia:

‘we continue to advance three utility-scale power station projects in Africa, designed to provide cost-effective, long term sustainable base load power. Positioned to tap into the Southern and East African Power Pools in Tanzania, Botswana and Mozambique, these projects will collectively add a significant percentage of the total current energy supply, of which more than half is attributable to South Africa’.

There might be a story here to galvanise the SP but the CEO has to learn how to communicate that to shareholders.

JD

Where is our Bots Mining Licence btw?

15 months later and another example of one of our projects going round and round like the Bismarck.

JD

We still have a CEO that is making us more and more reliant on an Investor who may or may not have serious financial difficulties. After all these years, LC still hasn’t managed to pull in any kind of ‘Blue Chip’ investor.

It also raises serious questions why LC gave Sanderson some 15% of the company in March last year for 2.5% of MCPP only for them to use said shares to sell prior to LC calling a funding with a brokerage (not our own brokerage) with whom Sanderson has previous connections with (same personal as Beaufort).

Why did LC give Sanderson such a deal? Why didn’t the share register raise the fact that the biggest shareholder was selling down and not releasing a TR1 prior to a large placing?

JD

Anyone see this?

Apparently a winding up order has been lodged against Sanderson Capital Partners Limited (yes, that Sanderson).

HTTPS://www.creditman.co.uk/news/winding-up-petitions-companies-notices-3rd-january-2020/

My experience with Winding Up Orders (being in the construction industry, it a daily issue with sub-contractors) is that they are used to as a last resort for Creditors to get the debtors to pay up, most of the time it doesn’t mean administration, but interesting none the less.

Sanderson of course only this week have put a £400k facility of Katoro Gold to use.

JD

Kwai.

JD

Sir Geoff,

In a fair crack of the whip? Maybe.

But considering what existing PIs had done to them by sanderson / the BoD cutting their legs away prior to the last shareholder rinsing (sorry placing) I think it a touch unfair to say existing shareholders don't matter. Should this company make it to any kinds of success then it will have been built in the bodies of the existing Private investors, much in the same way the bridge overy the River Kwak was a successful civil engineering project.

JD

Blue

JD

The last time Katoro did a placing one followed at Kibo days later, could be coming from the same ‘high net worth’ individuals as did it a Katoro. These two company’s finances are inextricably linked.

JD

Based on it being 5 months since the last placing and cash burn rates, you could very well be correct. They’d still need shareholder permission thou.

JD

Of course that’s just a guess in my part as no one knows as the CEO here treats PIs with such contempt he doesn’t tell us.

JD

Rocktapper, if they are changing ‘tact’ and adding in more renewables to the multitude of PFS/DFS to make them more appealing to funders and offtakers then this will take time, money and resources. Three things this company doesn’t really have.

JD

Unless Bordersley gets delayed. I noticed no dates on that’s RNS....

JD

This isn’t incompetence, Bcl.

JD