Member Info for xerxes

But the trend is upwards. The omens portend well

Pace seems to be picking up hopefully portending exciting developments ahead

Don't allow yourself to get riled Wimbo. You and I and for that matter several others have looked into the data available carefully and have invested. We are confident that we are right and remain in full support of LC. The fact that there are those who lack our confidence or who despite the facts denigrate Kibo and LC, should not discourage us. Ignore the naysayers

Despite all the misery spouted on this bb, the sp is proving resilient which, I think, shows that there are enough of us with patience to wait for the announcement which enough of us are confident will give the go ahead to one of Africa's major projects. So just sit back patiently. Moaning and groaning is not going to make it happen sooner.

Another Friday and the mention of our old pal Lurker made me look back over the years. Last year, the year before and so the same alternating optimistic and pessimistic talk went back and forth, but now there is a real sense that Kibo really is going to come into its own. Board members come and go, but some if us have been here for ages. I remember when Wimbo proudly held 2m shares now he has 6.3m. That is some big commitment, and Yaki is over 8m but he has researched Kibo the most thoroughly of all of us, and has grnerously shared his findings with us. If I had the dosh I would increase my holding. Some of us have expressed lack of confidence in LC but he has to my mind been the best CEO we could have had to gently persevere with this immense project. As I have mentioned before the coal bearing ridge runs for 60km. From an under resourced mining explorer scratching around hoping to strike lucky like so many others, Kibo is now a potential regional energy provider with access to funds and all the expertise needed. Kibo must surely be poised to be become no longer a potential provider but one of Southern Africa's major providers.

Africa is slowly coming into its own as the pace of development quickens across the continent. In Nigeria Dangote, said to be the 100th richest man in the world is investing in the development of a 2,500 hectare site in Nigeria as an oil refinery. Currently all crude oil is exported and refined products imported. If he succeeds the Nigeria will become a major world supplier of petroleum products including plastics and fertiliser. Can Tanzania hold back from developing its own huge resources. In the past there may well have been reluctance to develop for fear of changing society too much and thus the political dynamics of the country. With increased personal wealth comes education and a bigger middle class. One would hope that JPM realises that change is inevitable and it would be better if he were the one to instigate it. After so many previous rip offs and an anxiety not to let it happen again, plus apprehension for how it might turn out and possibly some in government service feeling out of their depth, it is not surprising that we have encountered various hiccoughs on the way. A glance at Private Eye shows that the UK government gets into similar dithers when coping with a big project. Kibo presents a mammoth win/win opportunity for all involved. I remain confident that it will come to pass, and remember that Kibo is now a regional enterprise as also Mozambique and Botswana are all part of it. Wimbo should well see his great fortune made, and lesser fry a good return for getting Kibo off the ground and to its present position. Remember too the huge investment LC has made in that more valuable commodity 'Time'. If Kibo did not succeed, would he have the time to try again? Most likely not.

A sound assessment, Yaki. This such a big project that every last detail will be scrutinised; and I am not perturbed by the silence from LC. He realises that he must take every care in these complex negotiations. Whilst not bouncing up in eager anticipation the sp has held firm because I think sufficient investors have the confidence, like us, to wait.
There is plenty of info in the public domain to show how sound Kibo's project is. There is also an unknown political dimension which is up to the TZ govt. Meanwhile there is no point grumbling; all we can do is wait.

No, we are still on board waiting patiently

But what about the UK where so much of this stuff is abused. Look how the so called county lines push out illegal drugs to every corner of the. UK and look at the rise of murders, stabbings etc as turf wars over supply lines break out.

Great news which shows that those of us who have put our trust and confidence in LC are justified for doing so. Kibo has the potential to become a big regional energy provider at the beginning of a much awaited resurgence of Africa

For goodness sake! Cut LC some slack. Tanzania naturally very wary of being stitched up yet again, is going to be very very thorough before it signs up to what is going to be one of its major projects with a long future ahead of it. LC cannot say anymore than he has. He has to work patiently with the Tanzanian government. Obviously the sp will slide, as the fast buck merchants flit off to some other perceived quick fix "multi-bagger". For my part I continue to have absolute faith in LC. This has become the biggest project of his life. LC has changed Kibo from an underfunded mineral exploration company to a regional energy supplier in a part of the world where such a company could play a pivotal role in its transformation of subsistence economies to first world economies. When and it will I am sure happen the Tanzanian government gives the go ahead we the shareholders will be rewarded for our faith in the project, and people of Tanzania and in due course Mozambique and Botswana have their lives vastly improved

Nothing happens on Fridays zzzzz

Kibo sp may simply be reflecting the downward trend of the stockmarket generally, and computers triggering sales automatically. The sp is bound to remain in the doldrums until a positive announcement is made

Come on ladies, no more hissy fits. Put those handbags down and just relax and wait for the big day but please more demurely

Yet down they go despite so much going for the company.

No, nothing happens to Kibo on Fridays.

Yet, the company has fine city centre hotels. Airbnb, Premier Inn must take a toll on the overnight bookings, so the strong point is the ability to handle functions, conferences etc well. Perhaps it is market sentiment and a lower dividend than some competitors that influences the market. The chairman is getting on in years, and if he goes then it may well be up for grabs, until then I cannot see the BoD wilingly selling out.

Indeed, many thanks for the report. Reconfirmed my assessment.

It's Friday. Nothing happens on Fridays, so just doze away until Monday when we can all bounce back full of optimism and who knows, it could be the big week

Hitherto the likelihood was that a sale of 144k shares would have caused a drop in sp, yet despite no purchases the sp continues to edge up. I sense an underlying upward surge about to break loose.