I Hi Mods.
Thanks for the notes on moderated Post #:14378115.
I believe that the links that I put up were very relevant to the discussion.
There is not proof of a mineable resource as admitted by the company's own note.
A poster here has used the argument that Auscap arranging the bonds is the reason why people should put money towards this extremely risky unproven venture.
The operators behind this project are the Okap group. They Corp run this and have a director on the board.
They "specialize" in these sorts of deals.
The links I put up are from very large company's that have lent this group money in different company's under their control.
http://cib.absa.co.za/Pages/default.aspx
http://www.edftrading.com/
Absa lent millions to CCC and EFD had an off take agreement with CCC. Both these company's are owed millions. The shares have been suspended for almost all of the year. All producing assets are up for sale and if the current deal does not get passed. (Leaving it shell company)
I believe the history of both are very relevant here given the history and management and too counter argue that just because a company large or small supplying funding is any guide to it being a successful businness.
http://www.thisisnoble.com/images/stories/documents/2014q3/mediarelease2014q3.pdf
Further to the Company’s announcement of 25 July 2014, Kaboko Mining Limited (ASX: KAB) (Kaboko or the Company) advises that Noble Resources Limited (Noble) served a statutory demand on the Company for immediate repayment of US$6.3m
This link is to Noble group. A very large company that lent money to KAB under Okap control.
The money was lent as part of an off take of 180,000pa of high grade Mg
You're at a very high risk of share holders wealth destruction and large company's taking over the asset.
No kiwi,
You say aiw you say results come from stockpile but fail yo acknowledge or say the most recent results come fro core samples, is that misleading
You say no defined resource yet they have results from a qualified lab
And are you saying they do not understand the grades or the location of that potential resource, but you do??? what qualifications do you have in order to make those comments, or is this just jibber jabber
Then you say
You're at a very high risk of shareholder wealth destruction, are you giving financial advice, sure sounds like it
Then you say a large company will take over the asset,
Any proof of this kiwi or just more unsubstantiated jibber jabber
Any chance kiwi of talking about aiw and not 95%of your posts on other companies, it claims aiw will do this and that based on what other companies rid or may do,
So please tell us what qualification you have to give us reasons why the asx announcements are false, the results are false and what qualifications you have to give us financial advice
(20min delay)