Cheers mate. I try to avoid satire but some of the things...

Cheers mate.

I try to avoid satire but some of the things getting written here are theoretically disgraceful. A structural shift has occurred in Tanzania. Many posters don't recognise that it's largely/relatively not about the 16% government ownership for professional investors, of course that's manageable. It's about the discount rate that's applied to future cash flows factoring in a higher country risk premium and industry risk premium. The actions by Magufuli's government have structurally raised the discount rate for all Tanzanian mining companies regardless of what happens now and this can't be undone for quite some time.

With a discount rate of >10% Kibaran's project economics are damaged. With impaired project economics Kibaran's shares are theoretically worth less. You can't dress this up. Many posters here are posting complete nonsense because their ego is tied up with their investment decision. These same posters have been wrong about Kibaran for quite some time.