Member Info for JDwag

On AIM the day the shares come ‘on line’ means nothing, it’s already been forward sold hence the damage to the SP. Truth is I expect nothing to happen SP wise on Monday, it’s already baked in.

Those shares were in all likeness willhace been getting sold month out.

JD

A jot of difference to the SP in the short term but the reinstatement of the CM is a massive positive for MED going forward, when looking at forward looking payments for the CM the profit margins on peaker plants in the age of renewables will be extremely nice. It’s a long term positive this if they can start to find more peaker plant sites.

JD

But until we get to FC on these deals we won’t know exactly what it means to us, but you can guess with other providers on the market and it’s a whole lot higher than the current MCAP, add in BIPP (guess News next week) and I’m also expecting MCPP to come back from the dead like Lazarus any day now. We will be past 0.8p and 1.0p warrants before you can shake a lambs tail, oh, and this news clearly leaked as well.

JD

that's exactly how I'm expecting it to play out, Bcl. News starts next week onwards IMHO.

Interesting buy just gone through.

JD

https://www.lse.co.uk/rns/EUA/issue-of-equity-and-directors-and-39-holdings-5g66ptg6i4bw9bb.html

These boys have a deep history it would seem.

JD

Funny that….CS also issued a tonne of confetti to him and his BoD prior to the news that built that company, LC has indeed learned from the feet of the master it would seem.

JD

This is connected to all the buying for yesterday and why it or this sell didn’t have an effect on the SP. We have 422m shares to dissipate into the market, it will be murky for some time, Bcl.

JD

Were we are now is an epic failure of management, there is no getting away from that, we are now (give or take) valued as the same as Katoro Gold that has no cash and it’s one project (Haneti) with a fair is a many years from any kind of production despite being in all likeness only weeks away from signing multi-billion dollar multi-year agreements over MCPP and BIPP.

We have got here because our CEO has let major shareholders (Shumba and Sanderson) hammer any rise on good news to the point where the SP and confidence in it and the company has crashed. One would almost think it was deliberate what they have done to promote a falling SP...

It shocking what has pervaded here, it is outright incompetence in running a business, at best and outright corrupt malevolence, at worst.

JD

https://macauhub.com.mo/2019/10/22/pt-linha-de-transporte-mocambique-malaui-vai-a-concurso-publico-internacional-ate-marco-de-2020/

Ties up with our location, dates, additional exporting Megawatts and the fact that the Moz Government want 650mw produced by coal by 2023. There for the taking it would seem. What can go wrong?

JD

Correct, SD. It’s telling that the vast majority of the shares were taken by the ‘operational’ day to day management.

JD

Now that the dust on the placing has settled the next 4 to 5 weeks till the end of November will be telling here. We’ve been shafted of course, it’s just the details of the shafting and why they choose to shaft us at this point using a brokerage linked to Sanderson that wasn’t even our own broker! I’m still betting on this just being a massive giveaway to the Sanderson and their cabal prior to some big news.

JD

The cash will last to Feb / Mar, at which point the news previous to that had better be substantial enough to gear the SP through the 0.8 and 1p ranges and allow further cash to come in, if it doesn’t then it’s another Sanderson organised bucket shop placing for 500m shares for another £1.5/2m to keep the lights on for another 6 months and keep the lights on.

Let’s see if this guy is actually capable of delivering anything other than major shareholders that go out their way to wreck the SP.

JD

Agree, Bcl, I have much better things to do with myself than pull my hair out here. This will be my last post for the meantime, you seem a good egg, Bcl, and I hope things work out for you. Cheers.

JD

So no doubt the NOMAD made LC ‘re-do’ the RNS as it made it out that the Placings was oversubscribed, when it wasn’t, in fact they paid off their debts with yet more confetti. He was (again) being disingenuous (at best) and outright manipulative (at worst) with Friday’s RNS making us believe that the Placing was in big demand, when it wasn’t. Rather outrageous.

Long, long road back to break even, where, like, Bcl, I’ll probably make a run for it. This fiasco has been one big screw you to the LTHs where LC and the BoD have either been complicit in or incompetent to allow it to happen as it’s played out. The selling has been going on for months and now will continue for months into an illiquid market at the moment. Car crash city or what.

Any big news like PPA (while being good for the long term) will no doubt get selled into big time and in the short term this is going nowhere.

Send in the clowns, enter Louis Coetzee.

JD

Now we are funded it now comes down to news, if we can execute the MCPP and BIPP PPAs in short order this repairs itself quickly. It's not going back to 4/5p and time soon, for that MCPP and BIPP will have to be at FC and for the market to value this properly. Long road back, which is fine, gives me time to get my average down to below 2p and that makes me more comfortable being here.

I am expecting the cynicism meter to go off the scale in the next 4-6 weeks here, this whole thing has been an orchastrated by the BoD and their shareholders to manipulate the SP to maximise the benefits for themselves IMHO.

There is money to be made here if you have the funds to average down and you don't mind holding your nose.

JD

Good luck to you, SS in whatever you do. You’ll get your money back here given time IMHO.

JD

Fundamentally, I think there is a tangible business here, and the rest, and obviously, so do the BoD and Sanderson (and whoever else they have in concert with them) as demonstrated by what is transpiring to be some truly abhorrent behaviour here in filling their pockets at record lows.

The question of course has to be asked just what has gone on here and for how long? The never ending selling and never ending dropping SP for no reason and then up pops this placing. Cricket, it ain’t.

Expect a mountain of great news soon IMHO. The way in which LC and the BoD have set fire to LTHs I’m assuming he’s not expecting any PI help any time in the future.

JD

SS,

Agree, the whole thing is putrid.

JD

Their numbers don’t add up!

On Kibo Website (as of 25 September) it states that Sanderson have 179 201 687 shares, but in the RNS of yesterday it states (with the 55,555,556 new shares issued) they now have 175,555,556 in total (so 120m prior to yesterday).

So have they essentially sold down 59m prior to yesterday (with no TR1) in order to take up the new 55m shares with the warrants attached? You can’t make up how bent this if that is true!

JD

Re: Equity Costs for the 1,050Mw portfolio, I reckon about $1b in direct Equity needed at around 30% Equity / 70% Debt.

JD