Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
magicpuppy I suspect that they want to delay the drill as if, and I expect it will be, a good result then that decreases their chances of taking over the company even more. I can’t really see any other reason apart from they think it is a certainty of a dud and they don’t want the company wasting the money on it. For me it has to be one or the other and I know what I believe. I said yesterday I am extremely disgruntled at the performance of the BOD, it has been dreadful. If the SP was 7-8p would we be in this mess? Posters on here can put together a better RNS than what they have, and i’m not talking about making it up just the general writing of it.
I’m with you I am not happy about the communication surrounding 16az, actually they were abysmal, but these guys are not the solution for me. GL all…
V111JAS Thank you and lets hope this is defeated, the BOD have learnt by their various mistakes and recognise they are now most definitely in last chance saloon. GL to you and all genuine holders.
Bigboffer I respect your opinion and being totally honest if it was not for some of the reading I have done about them and my fear for debt, fees etc. I would have voted for the proposals. For me with both groups it’s who I dislike or maybe who I am least fearful of being in charge. I’m surprised they have not promoted their cause more in the public domain, countered some of the things that have been written about them. Because they have not countered them I think the people who are not sure, probably me included, are assuming what has been written is true. However you can’t hide from the dreadful performance of the BOD and people who do need their bumps feeling. GL all.....
I tend not to post much but do enjoy reading the various comments and opinions on these boards. Some excellent technical information posted. I will be voting against the proposals. I should say for what it is worth I am supporting the people I dislike the least as if the current BOD performance had been anything even approaching average we would not be in this situation. I do think BLOE has a very profitable future ahead but the current BOD need to appreciate they have played their part in getting themselves and the genuine shareholders into this mess. I think they will survive but let’s hope they have learnt very quickly as if they have not I don’t think they will get the benefit of doubt a second time. GL all genuine holders.
johnpohn You make a valid point. For me and many others the issue is LC. So your line In essence, the market price implies that Kibo excluding their stake in MEd is worth negative £5mn or so - quite odd don't you think….is very true but in my opinion the negative 5m or so is because of the BOD and their shambolic performance. Now the interesting thing for me is if LC does get something over the line, does actually generate Kibo first £1 then sentiment here could change very quickly. People can have very short memories when it suits them. I have to live in hope, keep the faith as the alternative is giving up. Good Luck all holders come on Kibo lets turn the lights on.
Will something, anything positive happen here soon......?
We certainly do live in hope Aerial. Its an amazing game, I couldn't even get a quote to sell 1000 shares yesterday. You couldn't write it but I'm not complaining today.
Aerial Thanks for the info, I've been in meetings most of the day. Very interesting as you say that it has kicked on again later in the day. Who knows when it comes to Kibo but in all honesty just let it continue. GL.
Aerial Just checked back in really was not sure what to expect but delighted it has held. Is this going to be the real deal at last? Fingers crossed good luck all LTHs.
Aerial and LTHs long may it last. I know we are still at very low SP levels but it is amazing how a bit of blue can raise a Kibo related smile. Lets hope it is the start of a positive revival. GL all.
Well what another painful week this has been. Not sure where to start with it all and to be honest it has all been covered. I seriously thought about selling the lot even at these pathetic levels but then the actual loss compared to the paper loss is pretty unbelievable. Can LC pull something out of the hat with a disposal? Will there be a sustained pump prior to the dump to raise funds? Will we get some hype that people will buy into and give us a chance to get out before reality kicks in? I’m not sure. But after 10 years of what we have endured to release the recent RNS, well pretty shocking and unbelievable and that’s even for LC and Kibo. As always good luck all LTHs, as I have said many times I hope we can all get out with something. Happy weekend and enjoy the football tonight.
Well I have to say I did not expect these levels even with the clown LC still in charge. For any of us long suffering holders surely the only way forward is to sit and wait and hope that he can actually get something, anything other than another bucket fundraise over the line. One thing for sure if he does get one of the projects over the line anyone investing at these levels will make a handsome return. GL all.
What do we think re MCCP? I never thought I would be saying this, certainly not until very recently, but I would think for what it is worth it is now as likely as unlikely. It was a big fat 0% but there does seem to be a change of sentiment. GL everyone, anything could happen here including getting it over the line….
Aerial it’s interesting. If you were looking at recent developments, possible progress, by itself there would be much more positive sentiment towards Kibo. The issues are the last couple of years, trust etc. There is some light at the end of a very long tunnel and boy have I been in this bloody tunnel a long time! Interesting RNS today. GL all.
Aerial you could not make it up what is occurring with Mast and Kibo. Big buys here at full ask and both shares pretty much 9% down on the day.
Aerial I think he point that JD makes about the share register is a good one. The warrants don't start me off again. Kibo as a business is held back by the reputation of the BOD and of course LC. There is no getting away from that. If Mast had been launched by another company with a different CEO I would think it would have initially took off but..... I have not sold any Kibo shares and have been adding again lately although both occasions at the wrong time. There are some amazing assets, that I have no doubt about.
Aerial Its a very interesting thought that I often have. Why would you be selling unless you have no choice. GL all.
Well I topped up with another 5m plus today. If I was in here sunk to my bits I’m not sure where I’m sunk to now. Some interesting comments about disposal of an asset(s). I had not really considered that. I just have a feeling things are going to start moving and if LC can change general sentiment regarding faith and trust we really could fly. GL all.
With all due respect to the different opinions of holders here, in my honest opinion where we are at is everything to do with LC. GL all, and interesting times ahead.
I would agree the likelihood of a placing in the near future is unlikely but as I said before do I fear one yes I do. I also think the past performance of LC and his band of ……. will be causing fear in others. I have had many rants about the warrants, then they were changed in September from 0.8p to 0.4p. We all know what the assets are and the potential of Kibo. I would also agree that the 0.40p warrant strike price of the 442m shares expiring 3rd May, may still be taken even with the current SP.
The current SP is anything from laughable to bizarre. The demise of the SP over the last few days just adds to it. Is there a distressed seller about? Is it just the warrant situation? I added over 3m shares the other day, and will go in again but at this moment in time have little idea what is going on behind the scenes. If there is a major shake tomorrow and we drop another 5% to 10% then that may be the moment. For the record the other day I could purchase 7m shares in one hit, it may have been more but that was the funds I had in my account. One thing I do agree with Jax about is if LC was removed and Kibo brought in a different calibre of person should we say, I believe the SP would rocket immediately. So that probably says where I believe the fault is and in part why the SP is at this ridiculous level. Do people trust him one little bit to secure shareholder value? GL all LTHs.