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So here we go again to try and force through resolutions the majority of shareholders that did vote don't want having spent the previous few months denying those same shareholders the right ot hold an EGM by frustrating the voting process.
In short when trying to call an EGM your not entitled to vote but when you are able to vote we arent going to count them because my only 'friend' cant vote.
Ive seen fairer elections / votes in Africa.
KAT - Haneti (nothing for 12 months) /Blyvoor (still on the KAT website as a live project) / Imweru JV (??) / Iron Ore Project (last update Sept 22 nothing since). Last couple of updates scratching around for a Nomad and a £150k raise
Overall 10p to 0.1p in 8 years ... and people get paid for this
Now in the Feb 2023 update there is no mention of the site being out of action BUT a big paragraph on why earnings would be less due to wind and unexpected variables
Bordersley. Remember that shovel ready opportunity from 2019. Still on track for q4 2023 … despite FC not being achieved anticipated in Q1 2023 as of Dec 2022. That shovels going be waiting a while longer methinks.
So the only site operational wasnt operational Nov to Jan according to AR. That seems to be news to Mast holders.
As a result of the above referred Site improvements and maintenance, the Site was un-operational from mid-November 2022 to end January 2023."
That would have lowered expectations if known at the time!
From AR ‘ MED’s current flagship producing asset, the 9 MW Pyebridge Synchronous Gas-powered Flexible Generation Facility(the 'Site' or 'Pyebridge'), experienced a backfire on one of its generating units in mid-November 2022 (the“Incident”).’
That won’t help … don’t recall that being mentioned before
I can fully understand and accept losses on high risk aim investments where it’s simply not worked out (mineral exploration is never always going to trigger a commercial find for example). I get that aim companies are likely to inflate the chances of success and be optimistic on timescales. I get that circumstances can conspire against (coal backlash / covid) but there comes a point when people have to be accountable for their own repeated and sustained failures (or at least recognise it’s not working) or people will only assume you are only in it to feather your own nest.
This is the only person I know that could turn wine into water and still get paid.
And to top it all he has the gall and temerity to blame those long suffering shareholders for his current position. Those same shareholders that have propped up the share price, defending him publically, attended agms and investor events. shareholders who concerned that after years and years of no delivery and bacially f'ups (Blyvoor a case in point) tried to engage and see a way through for all parties but are treated like fools and thwarted at every point by technicalities of which the legality of some of the move has to be questioned.
Quite frankly it disgusts me.
He must have sandersons and riverfort by the short and curlies too .. in so deep the only way to protect themselves is to prop up the muppet in charge.
And just as bad are those advisors, regulators and ‘institutional’ investors that have kept LC where he is.
Managed to pad his cv out by giving him ‘roles’ at katoro and mast as well. Cup off the old block.
Even his own son having been employed for five years by his dad has given up waiting for something to happen and left kibo
The man’s a charlatan. Not fit to be a director. Not got a shred of decency. Self indulgent and deluded.
I think it’s a correction to the first RNS where kdr mistakenly said MS holds the shares on behalf of the subsid. The shares are held by the subsid.
‘The agreement of current and former directors and management of the Company to convert Loan Notes of £714,517 owed under the 7% Convertible Loan Note Instrument, not only demonstrates their personal support of Kibo's project portfolio and business strategy ..,,’
A level of financial support that’s never been shown in the past.
If he ever needs a new job then propaganda would suit
‘announces that following extensive stakeholder engagement‘ …. Would up like to see that extensive list.
A little 'ardberg wee beatsie' last night seems to have done the trick
£10k subscription to keep getting paid for delivering nothing. Not a bad deal really. It’s criminal. Katoro gold is a joke. Gold being sold, haneti wasted and hid know what this company is looking at now .. chocolate teapots probably
LC resign.