Member Info for JDwag

BTW for all of the visceral hatred of Sanderson / Mr Tanvier Mohsin Malik the guy has sunk millions in here (and going deeper by the day). Fair play to him IMHO. If this comes off for him he’ll make squillions (and i will do okay too).

JD

Very few things in life are 'definitive' Short. Death and Taxes perhaps (not my line).

These are entrepreneurs, they like high octane risks and stratospheric rewards on the ones that come off.

JD

Isn’t that just part of doing business, Short6? Playing nice and ‘swallowing hard’ to the investors with money?

It can’t just be looked at in the spectrum of where we now are, Sanderson has funded us for a good period, funding us now and you don’t burn your bridges in case you need them in the future.

Plus, looking at Sanderson’s investment here they must be a sizable seven figure sum in the red. I take a bit of comfort actually that as part of a ‘horse trade’ that Sanderson has actually averaged down sizably with more to come, if they convert the £500k to shares (I suspect they will) they will have to convert at par value (which is sum 50% above the SP now). That is showing a bit of commitment to the long term picture here.

JD

Pretty much, Pauly101, only my own personal view, but I think we have taken this as far as it is possible to go with the current highly volatile political situation in Tanzania. I’ve been blunt on this, it’s clear as day to me that they don’t want westerners anywhere near their country, Egyptian and Chinese business, however, it seems very open for business. It has gotten to the point where no Western ‘tainted’ business can even get an ML or an SML with no risk the country finances.

A clean sale and emotional break from Tanzania would allow the business to be reimagined IMHO. Cash in the bank and three well advanced projects in countries wanting to do business.

JD

Wide ranging post that, you seamlessly went from MCPP back on track, LC had no option for funds and LC wants to screw investors with a capital reorganisation all in a few short paragraphs. JD

I wonder why that was issued and in such detail? NOMAD or Regulator ask for it? I agree that this is being packaged up to be sold, hived off in some way. Good, any sale of MCPP would be worth multiples of our MCAP. And as for the ‘par value’ clown who posts on every thread, par value goes both ways, if Sanderson convert the £500k it would have to be at least at par value, locking them in further. JD

It would make perfect commercial sense to swap power for coal in a deal. Would drive down the price of power and feedstocks. JD

https://www.newtimes.co.rw/business/cautious-optimism-africas-mining-sector Mozambique has big plans for their Coal Mining industry. And unlike Tanzania they look like the genuinely mean it in terms of bringing in foreign capital. Vale’s Mine is now a 16m tonne per annum Mine and they have plans to expand it. I also believe they ha e one of the largest and most sophisticated coal washing plants in the world at their Mine. They have been trying to get a private coal mine off the ground for years now, they obviously want a guaranteed power supply at a price that can push down prices and increase production. Mines are currently charged approx 20c USD per Kw, which is huge. Even though it has never been confirmed I think Vale will form part of the private PPA at Benga. They have huge plans for that Mine. JD

To be fair, I’m out of guesses on the SP, I’ll go with the fundamentals and see what happens, SP wise.

The strategy is obviously to have private PPA’s in place IMHO for 150Mw first, which would then make the case easier / cheaper for the Moz Government to ‘buy into’ the project from their perspective on taking the ‘remaining’ 150Mw when the BFS is complete.

Interesting to see just how fast this moves as Vale has been trying to get a Private Power Plant / Offtake off the ground in this region for years.

JD

Considering the amount of times they are now aggressively pushing the Benga Tweet of ‘Power Purchase Agreement negotiations initiated’ I hope it’s not just being tweeted out due to LC’s sheer boredom and this is trying to highlight to us that we are close to Nirvana on actually achieving a PPA.

JD

No professional would dare short an AIM company like KIBO. The variables on a company with an MCAP of circa £5/6m is too large and unknown to ever take a punt like that. Look at RMP for example, if you opened a short on that after the first news of their Alaska drilling programme (perceived as bad), the second and then third news on it (perceived as good) would have left you with exponential losses on that short.

Therefore, all you are left with is small time individuals / degenerate spread betting junkies who are willing to take suicidal risks. That is why Sonic is on here like a lunatic screaming on this and every platform about the impending crash, he’s desperate for his spread bet not to bankrupt him.

It is what it is, but you have to stay glued to your IG account morning, noon and night and you are only ever a good chunk of news away from bankrupting yourself, especially if you are betting against a company like Kibo and not spreading your risk.

JD

Another spread betting addict, we seem to be collecting them. JD

LOLOLOLOL. Another clown hit the filter button. JD

Neither did I Wimbo, spreadbet yes, actual shorting? JD

Taking your post at face value, Aeasty, why is shorting here a no brainier? Sell it to me! JD

With $500k in the bag what's he doing with it? Legals fees for MAST JDA and Moz PPA? JD

Too right, Potter. Onwards and upwards.

JD

Anyone?

JD

Nope, my bad was about #Bots. JD

About Moz, got to be close to that PPA? #gamechanger #IMHO #DYOR #LOL #JD