RE: In Situ coal $1.2 Billion of coal (website)27 May 2020 06:51
KIBO's assets in theory of course should be worth multiples of the current MCAP but not when they're still stuck in the ground. Take the MCPP, thats costs at least 20m USD so far likely more and at one point all parties were sitting around a table discussing PPA's. World class partners on board.. which is correct the likes of SEPCO and GE are just that .. we even won an innovation award from GE but to date nothing's come from any of this. Polaris I would love to be more positive in fact the most part I have been even when others haven't. hell i have even been accused by some of losing them money simply because I was posting on what I and others were researching, attending events and talking to the BOD. KIBO has and always will be a casino gamble its the nature of the beast and in theory it could just take one project and kibooooom. But recently there has been much activity and indeed it's the in-activity that has shall we say dampened my hopes and dreams of all things KIBO. I wouldn't take too much from any website either - that's arguable at best - MCPP advancing toward financial close well there you go lets not bother to dig deeper. How much does it cost to keep your website updated and accurate.... I really believe there has been times when LC and the BOD have worked their socks off working 24/7 and I could argue that LC has and may still be giving KIBO 24/7 of his time and working tirelessly for this to succeed. But in spite of that it hasn't suceeded that's the reality here - i need a ten bag just to break even as do many others which would then value the BOD's latest purchase at 5-6 million and with warrants double that. hmmmmmm ..you could argue that many of the bod invested their own money at levels of over 30p yes 30p and deserve a return but again is that the truth or hearsay. From these levels you would really hope the only way is up but not if shares continue to be distributed like confetti and for all their possible hard work nothing gets over the line..... meanwhile holders such as sanderson continue to grab more of the pie. I would suggest listening to the likes of JD Wag who has been here even longer then me ... JD knows the score right now as when you've been here 6/7 years you just do.
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