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The problem is H has to meet a clamour from pi's for a timescale, from where a multitude of complicated strands are being fitted together, probably involving to-ing and fro-ing between numerous participants as they edge towards an agreement. A bit like Brexit, but with an end in sight - we hope. Meanwhile those pi's who don't understand this, get whiplashed.
Sleepy. It is odd that you do not understand basic economics yet are invested in a complicated company. Kibo has no money, but needs it desperately, and without it cannot develop, or gain any worthwhile share of, any of its 'projects'. The only way it can survive is to raise it through share issues, or be rescued by someone who will take a large share of the company - either way drastically reducing present shareholders' interests. - ie their shares will be worth even less than now. Only if by some miracle MCPP suddenly gets a go-ahead and the money from Sepco to go with it, might it struggle back into life.Otherwise it isn't Lazarus.It is dead as far as present shareholders are concerned.
Re consolidation. Kibo did it in March 2013 1 for 15 - so it knows the ropes, even if should be fearful of the aftermath. What the letter to shareholders then didn't do was to be honest about why ! - No Change There ! - You can see it on their web site (but only after I'd asked for it to be reinstated after finding it was 'unavailable !)
PS I was referring to our Mr Roysie - not to the others
A moronic comment. Have you the slightest idea how Moz is going to pay for all the damage. - or wheher potential power offtakers might have their own plans delayed ? Thought not.
Hope Cyclone Idai won't affect Moz's power plans. It appears not to have affected Tete. But substantial damage further south.
Sensible investors want to know the reality - so as to trade against the sentiment.
'Afraid its nonsense. Look on the other side for proper method.
Dear oh Dear. I post some information about how large projects need not only funding for construction, but also guarantees among the participants - something anyone investing in a share like Kibo should know - just as they should know the relationship between a project, and its sponsors and investors. But it seemst they don't know those basics and so insult anyone who tells them. No wonder these BBs are a joke among proper investors.
Can't you read what I said ? Can't you work it out for yourself, or do some research ? All large infrastructure projects require the participants to either have insurance in place, or bonds, or government reassurances of one sort or another to give 'comfort' to each other and to lenders that they will stay the course during construction. I suggested this would be a problem some while back. The naivite on here is mind boggling. (Not to mention LC's 'wing and prayer' attitude)
I originally thought it wouldn't be a problem until Financial Close. Its come earlier than I thought.
Sonic - My reply to your similar question the other day was deleted. Can't imagine why. Its what any professional investor would be asking - ie what, exactly, does Kibo need in terms of funding, and when, to meet necessary spending to get any of its projects over the line.The more thought about, I suspect one reason for MCPP rejection was Kibo's dire financial state and reputation.
Re AAU. While AAU's management has delivered over the years, it splurged out a phenomenal number of new shares to pay for exploration, diluting almost out of sight what investors had been hoping for from Kiziltepe. So while management saw the size of 'their' company (and accompanying salary) increase, shareholders saw the value of their holdings either decline or stay flat. Their disillusion will take a long while to dissipate. Its a lesson most junior miners (and investors) don't heed.
Med_is - If I were to say its less than your assumption, LSE (that rampers friend ) would have my post deleted.
Agree. The brokers are not the only source of research. And 'brokers' analysts vary greatly in their judgement. There are some analysts hidden away who act for the buy side institutions, and are usually more reliable - if unknown to the peasants.