The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Think he needs to be a bit more of an aggressive leader now having his fingers burned on one project, let that be a lesson and now be a bit more ruthless and no more pussy footing about trying to have a special relationship, it’s business not a lonely wife’s club.
Completely understand you there bcl, it was the fact that LC has all this experience in Tanzania that was the be all and end all, now that ship had sailed who knows maybe a leader who has all the expertise in Botswana or Mozambique or who can drive things forward, a fresh face with new ideas that can be a proper leader and doesn’t pussy foot about, if we were dismissed for not doing things correctly then so was EDL, I don’t think that is the case, more like the government are just complete basket cases, maybe the brown envelopes were not fat enough for this new government, who knows the real reason, who knows in time it will happen and we have all the work completed to proceed.
To be honest something does not quite add up, Kibo have a pretty much ready to go project, all studies are complete, although we are not and have not ever been privy to the numbers and figures i do suspect the project must be viable and will make a good return and profit, that in itself is worth millions, even the SML application was recommended, but after all the hoop jumping they just don’t want it and clearly it’s not personal to Kibo as EDL get the same reaponse, like You shrubby my investment was a dead end pension I reinvested into a sipp, I have no money tied up here that I don’t need now or can't access for years to come as I sold out at a loss my isa in the 2.5p range some time ago, I think it’s back to square one now, more shares more dilution and then consolidation again and we could, in a few years time be smiling again with the other 2 plays we have, which are further along as it stands than what the MCPP was when they first started it, does it hurt to see £35k down, of course but that’s the risk in AIM, should I have put it in a safer haven, yes, my choice my loss (at the moment), but I am no poorer today than I was yesterday, still have a job, a mortgage to pay, kids to feed etc and that will be the same tomorrow and the next day. Forget this for now, bottom drawer it, come back in a few years to see how it’s going, we may just well be surprised.
The other 2 projects were at the same process along as the MCPP and all feasibility studies done and just needing a PPA and mining license then I would say this has been oversold but to be honest I don’t think it has, knowing we have a lot to do and a lot of money to raise to pay for it then I junk it’s quite reasonable to where this has dropped, just wait for the fund raises that will inevitably happen and I can see this going to 0.5 or even lower, it’s a very very long way back, let’s hope LC or his replacement if here is one can turn this around and regain some confidence
Good luck Boffer, I will just forget Kibo now, won’t sell at 80% down shit or bust, might make some sort of recovery in a few years time, and who knows, maybe Botswana and Mozambique will be better to do business in, give it 3/4 years and things could change.
Offer it up with all the feasibility studies done and try and get something back for it, maybe sepco will buy it seeing as they have the cash and clout to get it developed and it has cost Kibo millions, I would be happy to sell it for a few mill now to progress the other projects, something stinks and maybe the tanzy government doesn’t like LC or Kibo and would love Chinese instead.
And sort this absolute debacle out, at least now we know it’s cinfirmed what most thought and that’s tanzy is not open for business, time to move on now and try and get the others up and running to a degree, what a shower of.
It’s just knowing that we will need money and a lot of it to still progress these projects and to raise any sort of cash at these levels will require a lot of shares to be issued, I stiilsee is in a similar situation to what we are in now in a years time and like I say it’s perfectly fine with me, it’s a slow, very slow time consuming money burning process, we will get into the billions of shares in issue, which is my own opinion and not expecting others to agree and then one more consolidation before things are really moving forward, who knows we may end up with billions of shares out there and projects all up and running, and no consolidation, yes I am disappointed with timescales and it has opened my eyes a bit to mining/power companies starting from scratch but as long as it gives my sipp a good return in 14 years when I can access it its fine by me.
Is after being here for many many a year now and seeing no value at all added to the sp except up and down like a wh**rs draws and wishing I just put this in my watchlist until such a time when LC actually get a project up and running (lessons learned), is that since listing it has already had a share consolidation and been diluted, I see the same happening again as we are at least a couple of years off any of the proper projects coming to fruition, the uk play is just a little sideshow which does seem to be the one to get up and running the quickest but come on in comparison to our big main event that will church out enough power to boil a kettle, and earn us as much as a paper round, I see more and more shares being issued and another consolidation before we do eventually get to where LC’s dreams were of when it was first listed, which I can live with as I have no money tied up here that I do not need or can not access for many a year yet and I do believe that they will get to where plan to but it won’t be this year or next of that I am fairly confident. It will happen though as the projects are great but need money and time one of which we have and the other we don’t.
The messiah ha ha ha, just come back in for a look after bashing the kitchen out all day to bits ready to fit a new one and I see this, made me laugh, what else made me chuckle but not in the happy sense is re reading the KAT RNS, LC comes across as very proud of the fact that haneti has 1.5 million spent on it and then gives it from one company to another for 200 big ones so is he trying to do KAT a favour and screw Kibo or what. He should if done a massive raise and dilution to KAT to pay Kibo at least 750 big ones or even more if it really is a 750 mill prospect.
Nothing to really shout about, yes looks like Tanzania is a dead duck for now, LC should just let it take its course what ever that may be, which could in all eventualities just end up being dropped until they have a government that actually would like I see projects like kibos come to fruition. Hopefully 2020 will be an onwards up upwards trend, hopefully 2019 will be kibos year to actually get some of its targets hit and move imminently towards churning out some power wherever that will be and actually turn an income, I feel this is a precursor to a fund raise, but at what price.
Have a feeling the 52 week low is going to keep getting broken, and to hit a 52 week is just a dream now, at least 500% rise from here is needed to get back a lot of peeps averages and that will take some doing, as soon as we get a sniff at 30/40% rise it will be sold into, we need ground breaking news that will make this fly in one session and then it will be sold into, this is a dead duck now and at best a traders dream
Pepco, agree with your sentiment, it’s more of survival now and will it last, can there be a way back and if so how many years will it take, with so many shares now and loads more to be issued, there will at some point I would imagine be a consolidation, rinse and repeat, I have written this off for the time being, AP has done a worse job than RP, he has absolutely decimated this SP, and shareholder value, really don’t see any uplift, it’s going to be a long ride here, and a very bumpy one at that.
Bcl yes we need a bulldog, a man who get things done and take charge, not a Mary poppins, Tanzania is turning out to be a disaster, I do have faith, but after moving my timelines so so many times now I will move them just once more and that’s to 2034, that when I am 55 and can access my sipp, so take your time LC, I’m in no hurry.
Just to confirm to myself, was it April 2017 investor show that sonic come back on the board with shouting from The rooftops with information and relating what LC had told them that went, about SML could land at any minute and he is sending someone round every day to chase it up, now was that just complete shite or what and a ceo doing exactly what he is supposed to do which is sell his company and he done a damn good job at that, most ceo’s If not all do the same, he will turn up, show his face, spin a yarn, take some flak and then **** off back to Africa, unless we get an RNS with some new news that he can elaborate on then it’s pointles him wasting his time and telling more porkies.
Probably bought the shares out of the 1 mill he raised which was probably used to pay his salary and others too, so no love lost. It seems to have been a smoke and mirrors thing, I think he knew damn well how things was going to pan out, and just tried to make it look good at the time and instill confidence, he’s a salesman at the end of the day and he has certainly sold us down the river.
We sat at nearly 0.75, just a tad shy of a whole penny, now it looks like we are heading to 1/10th of that, unreal, massive massive fall, bottom draw these me thinks for the foreseeable, who knows one day they might turn out to be a nice little surprise.
All very secretive, looks like we will let you know the event place on the day, seems like this has been hashed together at such short notice they don’t even have a venue, wouldn’t surprise me if it’s cancelled at the last minute