Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ah, that’s why you had my post removed.......poor show but highlights what this board has become.
JD. Can't really go into it as I'm sure it will be deleted but suffice to say a few issues on the horizon. Make sure you do some very thorough research.
Best of luck to the rest of the holders here.
Yes, my post was deleted re my 2 sells!! 800k
And someone wants some shares. I'm getting quoted 1.901 for 650000.
I don't think GE are going anywhere!
You must be anticipating some more positive news next week in the run up to Christmas.
I think SEPCO will be watching very closely as the news contained in the latest RNS' would not have been available to them during the meetings associated with the extension. I'm sure news on licences and number of tenders in TZ will be sway needed. Todays RNS very positive and just goes to prove LC has not been sitting still.
On the SML/ML, yes it would be nice to have them in hand and the delay does not look good but at least we're not paying for the privilege and I'm sure it will be resolved in the fullness of time.
Maybe LC has aswell, hence looking/concentrating on Moz, Bots and MED....just a thought?!!
I view todays RNS as a positive. After all it is better to have a 'bird in the hand' so to speak. You cannot blame, what would be, a significant investor from exercising caution and the extra 4 months will hopefully enable at least some mining licences to be issued as well as news on the tender. LC has done what any responsible CEO and has been muted on this very board last week, that any extension should be non exclusive, enabling other interested parties to come to the table. It also prevents loss of face for the Chinese, which is very important, not just to SEPCO but also if another Chinese outfit shows interest. If the company has been seen to have no respect, then no-one else will deal with them. I know, the company I work for is part Chinese owned.
Having just read this morning, i take it as a positive. Yes money will need to be spent but some will be shouldered by MAST 40%. It will hopefully result in short term revenue, which is good havinh read some of the earlier comments, i can understand the frustration at a perceived extra drain on finances but what would you expect LC to do, sit on all projects until finance confirmed, which by the way, also results in finance drain. Kibo has and always will be a gamble.
CF. Good balanced post. Thankyou
I can think of atleast a dozen companies down here that could easily step into SEPCOs' shoes without difficulty. The link I've attached is from a blog 9 months but it gives you an idea of how many Chinese firms are here and building! www.waystocap.com/blog/chinas-trade-investment-in-africa/amp/
I can see an after hours signing, press conference tomorrow with smiling faces and handshakes. RNS Monday. If they sign before closing and release an RNS today, it would wipe the shine off any press conference over the weekend.
Well said Wimbledon. Users of this bb are hung up on Tz. Kibo is much more diverse. That is what Chinese investors look at, not a one trick pony. They may have been establishing with LC other countries that exhibit further potential, or indeed has already been and therefore fine tuning the buy in price.
In relation to the loans from the World Bank and Danish Government, this is unfortunate but won't affect loans for power generation. Power will be seen as providing the much needed resource to raise the standard of living, education of women still being a first world concept. if these are withdrawn, it will be viewed very differently. Providing loans for energy projects would be seen by the WB as a means for progressing society, irrespective of how Magufuli is perceived externally and a by product of that could mean education for all lifting currently imposed or suggested restrictions, as more foreign investment floods in. I do not condone what is happening here but it's Africa. Sadly, that phrase will be around long after I'm gone. The Chinese meanwhile are fairly mercenary in the investments, by this I mean they are not interested in internal politics or the betterment of non Chinese society but for pure profit.
I'm going for a significant RNS in the next week or so.
Just one part of due diligence on investment strategy Lockedin (tic)
May I suggest that any investor thinking of investing in KIBO thoroughly research the project. Bbs are great to compare notes but not a sole source of research. Anyone looking in may be reading a lot of negative posts but more often than not, they are by MMs to reduce share price to complete orders. If you notice, the same group of posters appear around the same sort of time and often when there is a large sp spread or drop to unsettle private investors into selling. As I posted previously, they can be individuals at home or office based and are given a float to work with and offered commission to fulfil orders, either a percentage of buy or as much as £50-£100000 (predominately FTSE) which as you can imagine is quite an incentive, although not necessarily legal. One can ask the question, 'If they are a holder of the shares, why would they malign their own share which, by their very nature could possibly cause further drop in their investment?'. The answer is no they wouldn't, they are doing it for a reason! The trick is is to listen to those who have something constructive to say, not be unsettled by the negative posts unless you have research to suggests there is some truth. I don't think I'd be classed as a 'Happy Clapper' by some but I have done my research, live in the area and am quite happy to hold.
I'd like to second this. Another piece in the puzzle and a reminder that KIBO is NOT all about Tanzania. SEPCO are buying into KIBO as an entity, not just the 'flagship' project.