Member Info for SirGBoycott

And replace with ???? I’m assuming you either try and remove LC and leave it the remaining bod to select a replacement or as part of any EGM called whoever is making the proposal would need to propose a new set of directors. I’m not saying don’t I’m just saying how and who?

I’m not sure I agree JD ... if the company at the time finds itself with surplus cash surely a cash settlement would be preferable than further dilution and warrants? I get the fact the decision on what is best would be out of shareholder hands.

£1.86p ... still waiting

Interesting day and some great debate

This is better and shows what can be done. If the original had 0.45p then I'm not sure it would have triggered as much of a reaction. It does set a floor and plenty of new investors interested given out SP and MCAP in relation to KAT. Sill don't agree with warrants at issue price though and will vote but nearer the date of the EGM. Like it or not those salaries will have to be paid and the alternative of a placing is not attractive and unlikely to be at .45p and above. Still hoping for a rise on the back of KAT financing due end of May beca use that pushes up the issue price and if it comes post EGM it will look contrived even if that's not the case.

so shareholders do have a voice

To be fair Ariel I have been to as many agms in Dublin as I have London. It’s actually cheaper for me to get to Dublin for 11am than London! All companies have them during the day and generally in the morning which isn’t convenient for most. BUT you can at least vote online now.

Irish law I think gillie

Bcl ... it’s about being pragmatic.

How can I explain. I didn’t like Teresa May and thought she was a bloody disaster but I wouldn’t vote her out of office because i didn’t like the alternatives. I did however vote differently at local and European elections to make a point and try and influence direction.

"Don't throw the baby out with the bathwater"

I may not like some of the things that have happened but still think LC has a lot to offer.

The whole point of an egm and agm is to allow shareholders to vote. As it stands I don’t like some of the resolutions as I don’t feel they are in the companies and shareholders best interests. BUT if Someone was to explain the rationale / options I’d listen !

Point is let’s focus on what we agree on.

For me a lot rests on KAT and MED short term and delivery of those would be a big plus. I just don’t like the EGM resolutions on salaries in particular.

JD / Deecay I’m with you on this one. I know others have stronger views but the priority has to be the EGM first and then go from there. We need to ensure we have a position that secures the maximum support and balances the best for the company and shareholders. There is still a lot kibo could offer and we don’t want to materially impact that by being too hasty in the short term.

I generally always vote online through II for all agm / egms whether it makes a difference or not. This time looking at the numbers it might actually make a difference and we can look to force a different outcome for shareholders. My only concern is it just feels wrong for the BOD to profit significantly from a falling share price. Ok some ‘reward’ for deferring salaries ... warrants for example. This is all on the assumption that the share price will ultimately rise with the anticipated news flow!

My biggest fear is these are accepted and any positive news on KAT and MED and further updates on benga which looks the best bet of the coal projects happens 10 days after June 8th!

I tend to agree. At a higher SP these proposals are not unpalatable but at the current level and direction of travel they look opportunistic. Salaries have to paid whether we like it or not. Deferral of salaries I applaud but not at these levels. I wish I could have delayed my buying for 12 months ...... Most I think still view a good opportunity here for kibo and those I think that have supported it would like to benefit and not just feel they’d be lucky to break even. I’m sure covid has had an impact but there must be a better way forward.

It would look very different though if the share price was 0.5p by early June?

At that point they hadn’t Fully commissioned the plant or proved what is new technology. Yes disappointing it’s taken so long but it now about volume

Jax darling your starting to become a little tiresome

Kibo has no news to come this year ...... Really?

That’s my take JD.

Any thoughts on land title and potential costs?