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Why is a small company that praises itself for its exploration (I will leave in the middle whether justified or not) and built a huge EXPLORATION team and skillset interested in buying a (near) producing asset in another country? Another example of the total lack of focus here
There he goes empire building again.. in freaking zimbabwe.
Bt is raising again at lower prices each time.. yeah why not issue another 600m shares after he bragged about that previous fantastic raise.. best raise in the City in a while he said. Yeah right
Bt gets a big fat bonus as “it appropriately reflects their efforts and balance the impact of 2022 on our shareholders”. Well 2022 started with sp of 5.55 and ended at 1.35 so the impact of 2022 on its shareholders was -75%
The only way to truly lend some credibility to this renewed BT enthusiasm for ksz and ditau is to 1) abort the plan for project financing and go it alone, and 2) abort the plan for new acquisitions as judging by his words this is as prospective as it gets
Well their track record in evaluating projects is not exactly great given the failures at ksz, kcb
But! As per Twitter our ceo himself (absolutely no (zero, none) relevant qualifications or experience) has done “thorough due diligence in the ground” so what can possibly go wrong?
Thank God bt is quiet. Has done enough harm for the year. What an insult saying shareholders dont understand… zero zelf reflection .. after all the ksz hype we cannot even get a straight answer when asked whether we are going to drill the b conductor ourselves or not.
when nothing of economic value is found bt will without a doubt come up with a spin saying the results are very intriguing and it actually increases the potential of the KCB properties bla bla just like with the KSZ campaign (just missed it!) and Ditau (IOCG! Gold!)
With all respect I don't think it is about getting rich quickly it is more about the constant ramping, the selective communication, issuing warrants like confetti (bye to all upside) and a share price that is down 70% since he became CEO. I don't see why you can't hold a CEO accountable for that
Overall happy they are starting the drills... finally
They are taking a risk as 6 dusters would put KAV in a very bad position as current market has no mercy. But raising now is also painful. Extreme high risk extreme high reward is the game we chose to play.
Let's go!!