IKW 0.00% 46.0¢ ikwezi mining limited

profit more than market cap, no brainer, page-192

  1. 7,161 Posts.
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    Thanks for your post.
    Re: Euroz - they had valued the tenements alone at $5M if I recall and in their best interest probably overstated to get more incentives for raising so much...I think they have dwindled shareholder value from initial IpO by 99%.. Just goes to show really....

    I agree Dave has done a good job cutting o/heads - one would expect being a CFO previously..

    Ranaldo has to go. For my main reason they are not exploring and don't need to do anything further. I knew about the elevated sulphur but I thought the high cv offset this and it could be washed - herein lies a big hurdle of funding the wash plant...

    As for the other 2 directors I'm unsure how they fit in? Obviously links to India, I'm assuming endless discussions are taking place.. Just seems no one has deal making abilities / and/or the product is just crap...
    Last edited by ryobal: 10/06/16
 
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