Firering Strategic Minerals: From explorer to producer. Watch the video here.
It’s the word ‘Medium’ for between $10-99m dollars that is throwing me. Where has this ever been mentioned in an RNS from Kibo? Mining Licences yes, but that appears new information unless I’ve missed it?
JD
‘The third’ that’s us, Mbeya.
So what do we take the medium Mining Licence application to mean? Is that why it’s still only ‘Application approved’ on the Tanzanian mining portal? Did we need to reapply again?
JD
You'd like to believe that if your allowing a JV partner 50% of a full licenced project due to complete on funding obligations that they have only done this on the basis that they must think Funding is very weLloyd advanced?
JD
Truth is, SYM, that could very well be the case, he may just be a guy who has hit his capability ‘ceiling’. He could be getting ready to shaft PI’s and have this sold out for next to nothing. It could be he is completely gone underground because he is in the final moments of agreeing a 300Mw PPA with Tanesco / EAPP / SAPP, it could be neither of these things it could be some or all of them.
We don’t know because his communications are non-existent and he has a history (if I am being kind) for being wildly over optimistic.
Either way, this company is a shambles at this point and that is entirely of the CEO’s making. And that is before we even get to his ‘relationships’ with the likes of Sanderson, et al.
The market clearly doesn’t trust him as far as they could throw him.
JD
Wimbo, what exactly are the thoughts and sounds coming out f the BoD like? I ask as no one from Kibo will now return any of m communications!
Louis Coetzee hasn’t been seen since last January 2019, and I don’t count his 9am AGMs in Dublin. This company has now for all intents are purposes ceased all private investor interaction. It’s utterly disgraceful.
JD
https://www.thecitizen.co.tz/news/Liganga--Mchuchuma-iron-ore--coal-deals-for-review/1840340-5416296-view-asAMP-k4s3xy/index.html
The attached shows it’s not just KIBO or NCCL suffering from African indecision, everything seems to take years or decades in fact.
JD