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46.0¢ ikwezi mining limited

I'm giving up. This management team is pathetic. 0.002c no...

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ryobal

7,161 Posts.

517

31/05/16

15:50

Post #: 17913660
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Originally posted by ryobal ↑

Almost another month on a 4-5 year wait everyone deep in the Red. Management suggestive to have large holdings but not apparent to me that they want to add shareholder value...

There corporate strategy is to become a mid-tier coal mining company specialising in coking coal however their latest stage project is thermal and no other project comes close...

They need to sell this mine. It's value is approximately ~$10M after depreciation and exploration and tenements, mine data etc has been brought down to nothing so it's very fair value to be taken over.

Perfect take over target 0 debt, $2m+ in cash, registry held 90%+ in top 20 with top 5 holding 80%+...

Downside is management are good at keeping costs low but not good at making decisions, communicating with shareholders which is why we are where we are

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I'm giving up. This management team is pathetic. 0.002c no communication no feedback to shareholders just sitting on hands...

I should dump my 10m+ portfolio to 0.001

Last edited by ryobal: 31/05/16

IKW Price at posting: 0.2¢ Sentiment: Sell Disclosure: Held
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