Member Info for SirGBoycott

Bit depressed now. Anyone got an alternative view.

Repent for the end is nigh. We clearly have no cash and no assets and therefore no hope. So the answer is to sell what you have and run with what you can get or cling on in the knowledge you’ll lose everything.

would like to think so. Dont think its just the first ingot but wider industry news and how well placed SPMP are potentially in the market. I recall odey talking at the agm about the price of antimony and it becoming a more traded metal. There are a lot more recent research reports out there on antimony all forecasting growth "The antimony market is projected to register a CAGR of 6.0% from 2018 to 2023, in terms of value.” Most you have to pay for unfortunately but the summaries make interesting reading re china / environmental concerns / costs etc that play well for TSTR

Morning all

detention after school

https://www.reuters.com/article/us-china-rareearths-quotas-idUSKCN1QW1DF

Antimony isnt strictly a rare earth but above may be relevant

RNS re haneti not showing here yet

Search #kibo and then click on 'latest'.
You can then click on a KIBO Energy tweet and select 'follow' then they will appear in your feed when released.

I thought you were referring to BIPP / MCIPP

All three flagship projects have flopped ..... one I can just about agree with but the other two?

Last week it was MCPP has real value if sold and will boost the SP .....

Not so sure on that Krispy. I know we get the third payment of US$100,000 on the first sale of material from the mine and I suspect as part of the agreement to sell the purchaser wanted some form of assurances of revenues . I don't think we would be paid for facilitating the offtake agreement, whether we would get a percentage of any sales revenue from the offtake with SPMP is unclear

Still no official announcement of the winner as I understand it. Nothing on the tender site or tanesco. You would have thought it would be included in the recent press. https://dailynews.co.tz/news/2019-03-105c84c638a7432.aspx

It’ll be worth nothing in a while according to you but if you can afford to throw it away that’s your prerogative. Just not sure if yourself ....

As for mcpp it’s still a viable and better project that anything else out there. Who has won the tender? They said I’d rather the focus moved to med / bots / Moz. Sandersons are a little more supportive than you are Jax! And I suspect have lost a lot more to date.

But you’ll just hang on in there with your £800 despite your real convictions this will go bust.

Ok so he should then have abandoned all assets in tanz because the govt has no interest in developing them and done what?

Didn’t say he could no wrong just interested to know what else he could have done differently. Easy to pick fault.

Good reply mike. What else or different could kibo have done global?

Depends on what the share price is at the time and I don't think they have to repay in shares. They could raise finance from another source to pay off the loan.

If we get to the position that we have had to draw down the full amount and there is no other option to repay bar issuing more shares then I don't think it would matter as I imagine we would be in a dark place (ooh the irony)

The paragraph on ‘clean ownership structure’ was interesting