Member Info for NineEighteen

'Institutional investors' led by Seira Capital Ltd. We don't know the individual investors but they are likely to be pension funds, banks, brokers etc...

Orders worked over the day I would imagine. Tricky to say whether buy or sale. Would imagine an institutional investor(s).

News has been pending for so long that most investors are either invested or long since dumped out I suspect. Dyor. Good luck to all who remain. Ho hum.

If the horse chips in, be sure to let us know. Thanks.

“The completion date of the JVA has since been extended twice due to unforeseen circumstances as detailed in an MED RNS dated 4 August and 22 September 2023, with the parties working on finalising the necessary logistical and statutory arrangements to ensure the successful completion and transfer of funds in accordance with the revised long-stop date.”

The “unforeseen circumstances“ meaning the car accident? I feel like something else is holding up completion though. Legal action threatened because the injured party is slower than optimal in recovering? :-/

Date, delay, reassurance. Date, delay, reassurance. It feels like manipulation. I hope I’m wrong.

Yes it’s a mixed message. Implies cold feet (or worse) whilst stating continued confidence in completion. I’m a little worried.

“Louis Coetzee, CEO of Kibo Energy, says: “Whilst the Company is clearly disappointed at these ongoing delays in finalising completion of the investment into MED, we remain in continuous dialogue with the investor consortium and continue to be assured by them of their commitment to make this investment and to complete the transaction as soon as possible.”

KIBO RNS

“The revised completion date is now expected around 21 September 2023.“

Place your bets…

I still see this undervalued at 2p. Is anyone having trouble buying?

At this rate it’ll be Christmas by the time we complete. :-/

“…they should have updated shareholders when it did not complete on the 28th with a reason”

Agreed. Shows a lack of attention and lack of transparency. Don’t throw a date out if you’re going to sale past it without comment.

@Slacker246

Probably your broker has some built in controls when shares are particularly (and unusually) active, or outside a certain %age gain/loss on the day. Best to check with them on their specific rules.

It’s mid-June already?! ;-)

Are we to read anything from extending beyond mid-June? Could this fall apart?

Please excuse my ignorance but can you please explain the statement “Corrupt market manipulators are controlling the market.”?

Market makers have to quote a price don’t they? The spread may be large to discourage I suppose? But they have to offer a price surely?

Many thanks

Shares that I hold never do well on a Friday so it may be my fault. Sorry!