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junglee guru

1,039 Posts.

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05/03/18

16:57

Post #: 31536112
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Originally posted by sharemadder ↑

Whilst I know companies like KNL have to press on until the wall before them either crumbles and falls or just gets too big to get around, right now there is so much political uncertainty and hidden violence against the opposition in Tanzania, that it is affecting international business confidence (and local I might add too) so much that bugger all in happening on FDI. See this recent African Arguments Article

IMO the political climate is very raw even more dangerous than it was when the first minerals bill amendment was proposed and at anytime civil unrest may turn very ugly. Something very real and being reported through media. The country under its current leadership is pursuing a nationalism policy.

Whats the effect for funding any projects for any company in Tanzania? IMO anyone thinking of funding projects in Tanzania at this point in time is really gambling that the president and his political law makers are not going to expand the nationalism of resources policy. My bet is they will.

KNL has been promising funding for a long time to its shareholders. Personally I doubt they will get the potential funding from either of the two German Government TO's they mentioned in the last announcement. They propose a Pilot Plant but it needs funding. Another broken record promise to yet again disappoint shareholders is imo to come. But hey it will keep them hanging on till Christmas.

Magufuli is in no hurry nor his Ministers.

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I can speak for all True KNL belivers who have continue to hold this stock, that we 100% agree with ur sentiment of "NEVER GIVE UP, NEVER SURRENDER"

Thanks for your concern mate.

KNL Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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Last 9.8¢		Change -0.002(2.00%)		Mkt cap ! $44.49M

Open	High	Low	Value	Volume
9.5¢	9.8¢	9.3¢	$31.81K	335.1K

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No.	Vol.	Price($)
1	48898	9.6¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	48898	0.096
2	58000	0.095
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I can speak for all True KNL belivers who have continue to hold...

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I can speak for all True KNL belivers who have continue to hold...

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