https://www.ft.com/content/754be56b-5ec7-48fe-bd00-b8e5ef57ca07?shareType=nongift
Try this link, failing that it was tweeted by MAST
What is this group you speak of and what is it you think they are doing?
Trek .. yep aware the 3 drills were funded that's why the initial niggle about why pay in shares for the third one, esp pre-drill results. Looking at it in the round though securing the drill for appraisal saves time and time costs money
Learnwell
big difference between criticism and libel and having form for being banned .....
So now one of the KIBO shareholders removing your posts is actually LSE admin. I will ask LSE admin that question! (Looks like its already been removed)
As for averages its basic Maths. Buy 1m at 5p and then 5m at 1p - work out the average .....
Initially sceptical at first on the basis that the initial drilling programme was fully funded. Will look a good option if SP rises on anticipation of first drill start. A quicker move from discovery to the all important appraisal phase is indeed good news. As always there are trade offs better drill rig vs earlier dilution (say £1m at 10p). Money saved will no doubt be used for working capital so would perhaps expect a raise sometime in H2 2021 anyway?
I think the more exciting part is its moving forward, at pace, with funding, with support and to agreed timescales
Initially sceptical at first on the basis that the initial drilling programme was fully funded. Will look a good option if SP rises on anticipation of first drill start. A quicker move from discovery to the all important appraisal phase is indeed good news. As always there are trade offs better drill rig vs earlier dilution (say £1m at 10p). Money saved will no doubt be used for working capital so would perhaps expect a raise sometime in H2 2021 anyway?
I think the more exciting part is its moving forward, at pace, with funding, with support and to agreed timescales
I agree Herne 0.2s just as likely as 0.4s depending on what happens when but if you were so sure that the share price was going to keep falling and held 2m shares would you continue to hold and proclaim your complete lack of faith in the CEO / Company or would you cut your losses.
Not just waiting on MAST here but for KAT Haneti nickel assays and Blyvoor updated project financials and funding
ivans ... if someone is exercising warrants at 0.4p they are hardly going to sell them at 0.3p
so still holding down to the 0.2s Jax ?
Thats a fair point JD. The first site was supposed to be revenue generating at the end of Feb and that seemed to be independent of the MAST IPO. Now it could be the case that it is up and running but surely that would warrant an RNS
and if LC did websites this would be one of his .... apologies for the double post
EyeGuy / SonofaGun agree entirely with you both to a point
Opportunity here with Blyvoor and Haneti for a significant uplift in the near term is huge and been saying that for 12 months plus, and I am sure we would have been further down the line with Covid. Have always caveated that with LCs form for not delivering and not been shy in expressing frustration (some of it is down to the CEO some of it down to circumstance). What I have learnt is to take any timelines with a pinch of salt and add at the right time. Been adding again here at 1.8p increasing my average but still in profit - at KIBO was adding on the rise in the past and now learned to add at the lows slowly getting the average down to nearer current SP. MAST (55%) & KAT (25%) ownership should drive the KIBO SP north but bigger opportunity here for SP esp if Haneti results come good.
EyeGuy / SonofaGun agree entirely with you both to a point
Opportunity here with Blyvoor and Haneti for a significant uplift in the near term is huge and been saying that for 12 months plus, and I am sure we would have been further down the line with Covid. Have always caveated that with LCs form for not delivering and not been shy in expressing frustration (some of it is down to the CEO some of it down to circumstance). What I have learnt is to take any timelines with a pinch of salt and add at the right time. Been adding again here at 1.8p increasing my average but still in profit - at KIBO was adding on the rise in the past and now learned to add at the lows slowly getting the average down to nearer current SP. MAST (55%) & KAT (25%) ownership should drive the KIBO SP north but bigger opportunity here for SP esp if Haneti results come good.
I am sure any MAST hold up in FCA related - question is whether they filled the form sin right or the FCA doing what they do best and taking their time
Unfortunately the permit doesn't come with a full functioning mine so someone's going to have to fund that before there is any income.
Full mining permit is all that matters ... seems to be the key to unlocking whatever the next step is. Given the evidence provided by our new and old posters re GeoPool and RIOs activities in Finland looks promising.
Still confused why on 1st June 2016 the company was able to announce "that the Diamond Mining Permit over the Lahtojoki diamond project, the acquisition of which was announced on 19 April 2016, has been formally transferred from A&G Mining Oy to Karelian, along with all claim reports and additional technical material." I can only assume they let it lapse. Not that it did any good I don't recall any real share price uplift.
Don't need cash to develop the other projects - need PPA's first
I think its much more likely to see a return at KIBO through the projects at KAT then significant progress on CtP projects in Africa at the moment (esp Tanz / Bots - less so Moz but even that is dragging on)
Perhaps you should do what you preach Jax and take your 2m shares and make good dosh elsewhere on decent stocks recovering form lockdown? Seems sensible to me given your complete lack of faith here and desire to tell everyone else.
well at least benga / tete is 500km SE of the region affected