Disturbing...26 Mar 2021 10:56
I'm scratching around trying to find any indication that there may be any progress whatsoever at either MAST / MED or KIBO seeing as our CEO / BoD has gone silent. Had to resort to Twitter -urgh! Posted on 23rd March on the MAST feed is a quote from Alok Sharma, “...Meanwhile, solar and wind power are growing faster than ever. Coal power is on its way out. Clean power is the future...”
OK, if this is the case and MAST are insistent on quoting it, why is the current parent company, KIBO, still trying to get three coal to power projects going in Africa?!! I have said before that KIBO perhaps needs to rethink its strategy in light of the way the west is heading as regards to coal but doesn't using this quotation shoot the company in the foot with its existing projects? I can also understand why MED is busy promoting green energy but at least do it after KIBO has released MED into the wild and set it free along its 'green' road!
The continuing lack of news on MED, and the projects in Tanzania, Botswana and Mozambique is just pitiful really, especially as shareholders are continually strung along with tales of how things will happen in 'the coming weeks' . Our CEO cannot continue to blame delays on everything as covid-related either.
Once upon a time (20/09/2016) this share hit 9.25p. If you look at the 5 year chart, it's basically flat-lined for over two years! Our CEO and BoD urgently need to get these projects going and the electricity flowing to bump start the beast back to life!