David Talbot spoke at the London South East-Red Cloud Securities Global Mining Special. Watch the full video here.
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.
JD it would be fantastic news.
Did you see the positive comment on the other BB about your post. The added possibility is a distressed seller. Interesting.
yaki on the other BB, in response to JD excellent post on here, posts possibly a distressed seller about. Interesting thought.
JD I feel it’s safe to comment as that absolute buffoon has been removed. You know my thoughts on LC. It’s staggering really how Kibo is where it is. As you say how he has managed to create a scenario here where we have one single listed asset standing at more than our MCAP, remarkable really!
Your 3 choices. My fear is that it is a placing on the way. I stated that I invested another chunk of funds in Kibo the other day as I was starting to believe again. I have to say I am a little surprised and disappointed at where we stand today. I am also a little disappointed at where Mast is as well. I’m thinking surely there is the LC factor that people just no longer trust him with dilution etc and so on.
I also think there is a lot of PIs throwing in the towel especially after having their hopes built up recently.
I have further funds but just can’t go in again as already a good percentage down on my investment the other day. Who would have thought buying Kibo shares sub 0.49 and still losing money.
Please no more placings! GL all LTHs.
Thanks JD I think the frustration was you could see this moment coming. I didn’t actually think they would get Mast over the line so I stand corrected and congratulate them on that. It was just the Wild West fund raises. It’s done now so we move on. I very much hope the LTHs do make a profit here, me included. I would agree with your thoughts on early May. I have funds and waited today, should it be Mast or Kibo. If Kibo does fall further I think another and final top up in Kibo. I know I have said that many times before. Stay positive everyone, I see a brighter future here that I have not seen for a considerable length of time.
Great post JD. I purchased another load the other day. Average well and truly down to a level now where I do see light at the end of the tunnel. I have had plenty to say in the past about the warrants, LC, and so on. No point in bringing it all up again. I do see a future for Kibo and a rise in the SP moving forward. I just think there is going to be a little more pain before we get to that point. GL to all genuine holders. I’ve been fascinated by some of the posts by people who are not invested here. It’s a very strange world.
Wow now that is confidence. Even I'm believing lol Have a good night everyone best of luck to all genuine holders.
magicpuppy I think your analysis is spot on. I’m heavily invested and believe in the future of BLOE. Little surprised and disappointed that the recent RNSs have not moved the SP upwards but I still think there is a hell of a hangover from some of the issues from last year. For me these levels are an opportunity to top up but I don’t see any positive SP action for a while yet. Good luck to all LTHs, BLOE will rise.
Well that was my top up of 3,442,574. Thought long and hard about it but even I see some upside from this level. GL all LTHs, lets hope this time LC actually does add some shareholder value.
SEA7 amazing, after hours buys again, talk about giving this share away. Absolutely undervalued in my opinion. Put my last £2600 in earlier, not at the lowest buy in price yet again!, earlier today. GL all LTHs and have a lovely weekend.
Bigboffer I take your point about sitting on bad news but I take great confidence in the fact he recently stumped up his own cash. You would have to ask why if there is bad news coming. For me its top up as much as I can at these levels. GL all, stay safe and happy.
Firststopthemoon I respect your posts and of course you are correct Kibo does not have to be revenue generating. I think my point would be when you evaluate the performance of LC and the others from the days of special relationships to every timeline being missed, and of course the final kick in the nads for LTHs the staggering face in the trough warrants, to say it leaves a sour taste in your mouth is an understatement. This is the man who did not buy shares because he didn’t think….blab bla bla. But of course that did not seem to matter when the warrants were being lashed about. Where was his buys when the share price was 5p? I often wonder what happened to the Irish guys who invested at around that price. I will leave it at that as all I am going to do is drag up old negativity. Of course if I could bring up old or current positivity I obviously would but!. GL to you and all of us.
aerial, great post thank you and lets hope so. GL all.
Always aerial, I enjoy your posts and hope we all get to where we want or at least need to be here. GL to you.
I tend not to comment much these days as I can’t think of one positive thing to say. I have to say CF your line ‘I wonder if the BOD ever go to bed at night and think, F C U K me, my company hasn't earned a single penny in 10 years and the they still manage to pay me $250,000 +++ a year, how is that possible....’ It truly is incredible and that word does not do it justice. I have worked in the bookmaking industry most of my life and the thought of a CEO still being in position after one loss making year is non-existent. LC and the rest of the cronies have not generated 1p nothing yet they keep raising funds. Staggering really. I genuinely hope that all LTHs can get out at some stage with something, me included. GL everyone, still enjoy reading everyone’s posts.