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Dsrt. i am genuinely happy to listen to anyones comments. I appreciate every post that offers a view and attempts to offer evidence based advice or seeks the opinion of others. Indeed that is exactly what should be the heart and soul of this board. I fully empathise with comments that are full of frustration and impatience as that is how I often feel myself with this share. Equally, I do not expect everyone to share the same views as myself or indeed agree with my comments or posts.
However, I will not sit back and remain silent when it is patently obvious a poster is using this board to continually rubbish the company without due cause or evidence. Who uses an ambiguos link to find an opportunity to post a negative comment. If Lurker is so well read and experienced he should find it no problem in providing a more balanced view. To daily state" we are all doomed " without providing any relative reason for saying why, is in my view, unacceptable and I will continue to challenge.
Lurker you are even more of an idiot than I first thought. You become more transparent with every ridiculous post you make.. This thread is typiclal evidence of you having a SELF perceived expertise. You read an extract from some remote article then enter into a thought process of how you can align that topic to Kibo. You do this for 2 distinct reasons.
First of all, you wish to be perceived as someone who has a specialist knowledge of all things to with investments. Well you do not. No-one on this board takes you seriously and in all honesty you are simply embarrasing yourself.
Secondly, you obviously have some personal reason for posting continuous negativity when it comes to Kibo. I have no idea what caused this impassioned course of action and to be truthful I could not care less. Irrespective, it causes you to sit and monitor this board on a minute by minute basis just waiting for the opportunity to have a comment.
You need to realise that virtuaaly every member on this board can see you for what you are. The longer you remain on this board the less respect anyone has for your views and indeed yourself.
To justify my comments can I redirect you to your own words in this thread " researchers on here should check WETHER this will impact on MED. I don't have the time. IF it does bang goes Kibo's plan to plug it's cash drain". So in reality you have no idea wether or not this applies to MED but you posted it anyway to achieve the 2 purposes I have laid out above. You need to disappear as you really are doing yourself more harm than good on this board.
My comments always seem to touch a nerve with you and your gang as can be seen from your quite angry response. Perhaps a little too close to the truth for your liking? To be clear, I have never ever said your deramping has had any affect on the SP. What I am saying is you and your cronies are a sad bunch of individuals who have nothing better to do than sit and watch this screen every day of your sad lives just waiting for the opportunity to either post something negative or try and impress with a bit of SELF perceived expert knowledge.
Other than this comment, which equally applies to the other 3 stooges, I have much more interesting things to do with my life than enter into dialogue with the likes of you and your mates. . I would suggest you try and get yourself a hobby as no-one on this board takes you seriously.
It is my opinion that Lurker and Boffer must be related to each other. They are certainlly working together in an attempt to bring negativity to the board. Swifty and Global just wait to see what the other 2 egotists post then come up with something, usually stupid, to keep the trend going. Most of the longer term members have had enough of their agendas and have switched off or have joined the Twitter group. However, there are still a few level headed genuine posters here who should be supported in their efforts to bring up to date information. If it were not for them, we would not have a board worth looking at. I will not name them at the risk of missing someone out, but thanks to the genuine members.
We all realise there is little news available at the moment but, the occasional gem, giving long term holders a bit of confidence and a lift, sometimes appear and it is good to know we have those on the ball still willing to research and share this information. I have no doubt whatsoever that good news is not too far away. I am equally sure that once that news is available, we will know about it on this board immediately.
As for the others, they will remain until they no longer have an audience.
I suppose LC is in a good position at the moment. He said he welcomed the opportunity of the break from the tender process so he/they could spend a bit more time on the Bots and Moz projects. The tender application is obviously just ready to be resubmitted so no new or additional workload for him from that angle. Another month till the 7th December so we should hopefully see more than just one application being submitted by then.
Good morning mike mike. To be honest, I was not aware a state to state deal arrangement existed. I am therefore not aware of what regulatory system is in place to control the financial aspects of the deal. I suppose it could suit the African business model down to the ground. Can you imagine on a $3 plus billion dollar deal how much money could potentially go missing without strict regulations, scrutiny and audit in place. I read that the Tz government had vowed to finance the deal themselves if they could not get loans however, the monies needed from the State purse each year to do so was a phenomenally high percentage of their annual budget. The fact that the public purse might be used surely must attract the attention of the AG..
It all seems a bit finger in the air anyway with Stiegler Gorge. .Just a matter of a few months ago it was the Ethiopians who were going to oversee the project. Somebody must have told JPM that their dam project has been ongoing for years and is still nowhere near completion. Now the Egyptians are the chosen experts. JPM wants the project delivering power by 2020 and they have not sorted out the finances yet nor a contractor. Even if everything went without a hitch it has got to be a 8 to 10 year project. I think for this project, my message to the AG is even more appropriate. He needs to apply even more scrutiny to this deal, especially if another Country is spending billions of his country’s budget.
I can fully support the AG in stopping the progress of any contract agreement, of any tender process or any other legal process for that matter, which he believes does not comply 100% with the law . It is his role to ensure any procedures are robust and would withstand legal challenge. He stepped in last month to instruct Tanesco to revisit existing projects and ensure the issuing of all future contracts align to current legislative changes. We therefore ended up with the new tendering process. It would appear that even after receiving that warning, Tanesco still have cocked it up. So we need to wait again until the AG is satisfied.
What I would like to know though is how the AG can be so pedantic over relatively small contracts but allows Magafulli to arbitrarily award a $3billion plus dollar contract to someone outside of the country without the need to have any tendering process. Seems somewhat inconsistent to me.
I am really disappointed that EDL have not as yet put out an RNS as we would have been able to guage a bit more of a comparison as to what the real story is. Maybe Rufus Short is still trying to get an accurate assessment before publishing anything. I can imagine getting anything accurate being quite difficult. Still time yet though and in reality they should have updated their shareholders by close of play. Leaving them hanging going into a weekend is disrespectful.
does not really help. It states that Tanesco cancelled due to "unavoidable circumstances" so it looks like it was not anything to do with their procedures or the wording of the tender invitation. If it were, this would have been avoidable.
We are then told the reason for the cancellation is pursuant to Section 59 subsection (2f). Magnets research shows this means the tenders received must have contained serious irregularities resulting in the interference with the normal play of market forces. However we know the cancellations affected a number of different elements of power generation ie wind, solar and coal and therefore several separate companies. It seems strange that the irregularities were so widespread, it caused all of these project tenders to be cancelled. I don't think so!!!!
We then have LC telling us the tender is still definitely going ahead and the project we tendered for is not affected by
todays announcement by Tanesco. LC then goes on to say certain procedural amendments are required to the process before the tender can proceed.
So in essence Tanesco says it is not procedural problems as these could have been avoided. Tanesco says it is a breach of (2f) and the tenders are cancelled then LC says it is procedural and it is still going to go ahead.
It's all there in the RNS. So what chance have private investors got?
Like most of us I have lost too much to withdraw so I am locked in to a large degree.. The stupid thing is now we are getting so many pieces of contradictory information, I am purely acting on "gut feel" which is not the best platform to any investment strategy. For what it is worth, my gut feel is this could still turn around and deliver a profit in the longer term.
When it all comes out in the wash, I would be willing to bet a shiny shilling that the problem lies with Tanesco and the AG has identified their procedures are still not legally sound. He hasthen seen his Arse and told them they cannot go ahead till they sort it out. That is why it affects all of the tenders.
The reason Hydro is not mentioned is the Steiglers Gorge did not go out to tender yet, if indeed it ever does. That in itself could be a nightmare waiting to happen for that project if the AG decides to step in sometime in the future.
The thing that I like about Kibo is we have already chosen our partners who will build the plant and those who will provide the equipment. Also, it is not the kind of project where we would say to the Tz government here are the plans and the gear, off you go. We would be in charge at every stage of development up to the point where electricity is finally supplied to the grid. I would be extremely confident the project would be delivered on time and to the highest standard.
If you think about it this is a marvellous opportunity for Tz to take a lead in clean coal energy. I can guarantee Mr Magafulli he would have more chance of leaving this as a good legacy than Steiglers Gorge. If that project ever does go ahead, I doubt he will still be around to see the white elephant it will undoubtedly turn out to be.