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Today's buyer will have the last laugh; you get "duked" when no one is buying and company disappears from the radar.
People are holding not selling which explains low volume being influenced by handful of cheap sales. This one could jump anytime on news or a big investor coming in.
Seller could be anyone given the minuscule amounts involved.
Any volume in 6 figures seems reasonable on an off day. It would take a few weeks of 0 to 10K volume to indicate that something was wrong. it's in a holding pattern now, could go up or down, most likely up IMO. I wouldn't expect to see any huge volume until there is reason.
I am not getting worked up over a .001 to .003 differential; those things can change very quickly on news or if a big fish comes into the market.
KIMJF has some good prospects for a company that invests in early stage resources. It's not supposed to be Chevron.
Funny definition of dead.
Looks like a volume rally going on now on GXG last few days. GXG is not a bad exchange, just not well known.
How? They are a Belize company not Canadian and have no operations there. They chose not to register; so can't trade shares there, end of story.
I like the Zimbabwe play best
Robert Mugabe is 90 years old and generally detested within and without Zimbabwe. There is no clear secession. This Siwela fellow is well known and could take Matebeland independent. He seems to have ties to Rashud at KIMJF and this deal has no carrying costs I can see, no downside, just a potential upside for KIMJF.
http://www.zimeye.org/zimbabwemugabe-faces-his-growing-graveyard/
http://www.rnw.nl/africa/article/released-secessionist-leader-siwela-fears-his-life
Common problem in Canada apparently:
http://business.financialpost.com/2013/06/24/a-little-public-pressure-means-a-lifting-of-cease-trade-order-in-medusa-mining/
Any connection to Canada including having shareholders can result in one of these. A lot of companies simply choose not to register for various reasons.
MATABELELAND Liberation Organisation (MLO) leader Paul Siwela, who is in self-imposed exile in an undisclosed country, yesterday predicted that MDC-T leader Morgan Tsvangirai and his close lieutenants would prevail against rebels fighting for his ouster, saying the former Premier still commanded mass support.
http://nehandaradio.com/2014/04/28/tsvangirai-will-win-mdc-t-battle-siwela/
See KIMJF, similar business model to TWRFF in Western Sahara.
Disputed Oil Claims How it Works
The Saharawi Arab Democratic Republic is an exile government that disputes the Moroccan occupation of Western Sahara. They are the ones that originated the idea of marketing disputed oil claims for future value. As one of the public companies that invested states:
The sovereignty of the territory remains in dispute, and until this is resolved there is little that can be done to advance exploration of these blocks. In the meantime the cost of retaining them is also minimal, and if the sovereignty of the territory is resolved favourably in due course, then these will be attractive and prospective blocks.
http://www.towerresources.co.uk/operations/western-sahara.html
So you have no present value but not much in the way of holding costs either - if it works out the pay off may be worth the wait.
TWRFF - Tower Resources
112 Pages of Verification
You have read this haven't you ?
http://kcap.biz/dl/712362-Kilimanjaro_Somalia_51101.pdf
They are not claiming to be producing oil - that would be a scam. They are an investment company. You can buy long or short or not at all. If you don't like the business model, don't buy.
Interesting but the few trades at .04 or above were pre split adjusted. 99% of the volume was post split.
Check the level 2 and you will see that those that buy at .01 have a road block in place at about 0.13
The only lie is the low price, someone is holding it down but loading up on the 1 cent shares.
KIMJF's man in Zimbabwe
Paul Siwela: rebel with a cause. He is the Nelson Mandela of Zimbabwe and was jailed for treason, he fled an assasination attempt and is outside Zimbabwe.
http://www.newzimbabwe.com/news-11125-Paul+Siwela+rebel+with+a+cause/news.aspx
https://www.newsday.co.zw/2014/04/28/tsvangirai-will-win-mdc-t-battle-siwela/
http://www.umthwakazireview.com/index.php/latest-news/item/236-agenda4action-paul-siwela-defiant-as-ever
Back story on Matebeleland deal
Siwela Of MLO Secures a Groundbreaking Oil and Gas Exploration Deal.
http://www.umthwakazireview.com/index.php/latest-news/item/1025-siwela-of-mlo-secures-a-groundbreaking-oil-and-gas-eploration-deal
NEWS Matebeleland Economic Plan Announced Region Rich in Resources - Gold, Diamonds, Platinum
http://www.otcmarkets.com/stock/KIMJF/news/Matebeleland-Economic-Plan-Announced--Region-Rich-in-Resources---Gold--Diamonds--Platinum?id=79645&b=y
Matebeleland Economic Plan Announced
Region Rich in Resources – Gold, Diamonds, Platinum
For Immediate Release
April 28, 2014
Belize City: The directors and management of Kilimanjaro Capital (G4:KCAP, US OTC: KIMJF) are pleased to provide a non material update on the Company’s economic plan for Matebeleland. The Company has previously entered into a consultation agreement with the Matebeleland Liberation Organization (MLO) to provide recommendations to revitalize the economy of the independence seeking region of Zimbabwe.
In January 2013, the MLO and Kilimanjaro jointly announced an initiative to study the feasibility of establishing an economic plan in the run up to eventual independence. Kilimanjaro has now reached several findings:
1. An independent, free and sovereign Republic of Matebeleland would be economically viable and self sufficient and provide better quality of life to its citizens through the exploitation of its rich diverse natural resources and primary products. Kilimanjaro Capital is willing to work, support and promote the cause of economic self determination in Matebeleland under the leadership of the MLO, whose core values include respect for human rights, transparency and accountability, respect for the rule of law and independence of the judiciary, greater freedoms to the people with wide bill of rights that would include individual property rights and tolerance to diversity and proscribes discrimination;
2. An initial focus on resources including hydrocarbons potential and agriculture would provide an influx of foreign capital;
3. Any Matebeleland government must take a controlled approach towards investment but without capital restrictions. Foreign investment should be welcomed yet for every dollar spent; at least three more must be generated for the local economy in the form of jobs, human capital, education, or infrastructure.
4. A true Free Trade Zone in Bulawayo with no taxation should be initiated to encourage investment especially from South Africa and an offshore financial centre to be established with rule of law a priority.
5. Restitution from the Zimbabwe government in Harare for decades of economic mismanagement, genocide and theft is necessary.
An independent Economic Authority with participation by the eventual Matebeleland government, and independent experts is recommended while Kilimanjaro would help initially oversee an Oil, Gas, and Mining Authority. The MLO is headed by patriot and businessman Paul Siwela who retained Kilimanjaro’s services.
Kilimanjaro CEO Zulfikar Rashid also noted: “Matebeleland is an extremely rich land but badly governed at present by Zimbabwe. I grew up under Idi Amin so I know the toll extracted by a dictator however economic recovery should come swiftly after independence given the vast resources of gold, diamonds, chrome, and platinum that abound.”
Matebeleland roughly comprises the former Ndebele Kingdom, which was involuntarily joined with Mashonaland to form Rhodesia in 1894. The Ndebele people have suffered greatly under Zimbabwe’s rule having been the victims of genocide and then disastrous and criminal agricultural policies which destroyed their economy. The MLO seeks a peaceful and democratic unity government in Matebeleland, justice for all its peoples who have been wronged by the current government, and revitalization of its once bountiful economy.
Kilimanjaro does not presently own assets or invest in Zimbabwe. Kilimanjaro from time to time provides updates which would not constitute material changes or information on company activities but rather current and informative details of interest.
For more information:
35 New Road
P.O. Box 198
Belize City
Belize
Website: http://www.kcap.biz
Phone: 44 (0) 20 3239 1362
Email: info@kcap.biz
Biafra could be Africa's Super Power
They lost their war but if Nigeria implodes; Biafra will be back:
With oil wealth and a vibrant citizenry, Biafra could have become Africa’s first world superpower.
http://www.nigeriavillagesquare.com/articles/if-biafra-had-won-the-war.html
STATUS OF OIL AND GAS EXPLORATION IN SOMALIA
Major companies such as Conoco-Phillips, BP, Shell (Pectin), Chevron, ENI (Agip), Total and others declared “force majeure” until Somalia becomes again more stable and business as usual. That moment seems to be approaching and many companies are keeping their eyes on Somalia.
However, there are companies who tend not to wait for the mainstream to kick in and instead they are minor to medium companies, aggressive and energy-savvy risk-takers.
http://www.wardheernews.com/status-oil-gas-exploration-somalia/
It's a crap shoot in Somalia but like you say at least the report is there and you don't have to take it on faith. Chapman Petroleum Engineering is a well known firm and NI 51-101 is about the highest standard for reports. If we are pitching pennies why not?
KIMJF rediscovers
That's why I like KIMJF; they are pursuing claims where they know the stuff already exists in quantity. Not empty holes in the ground; just need some changes above the ground.
Doubt anyone selling sub penny
KIMJF is an investment co. not an operator
Go read their website www.kcap.biz seems clear they do not operate but invest. The word "capital" in their name might also indicate that too. I read it to mean that they make long, mid, and possibly short term deals with exponentially high pay outs that involve a lot of risk and involve others doing the operations.
Asset news Rashid deals them like cards
CABINDA - Independence or Death
Oil-rich Cabinda Waits for Independence from Angola
http://www.voanews.com/content/cabinda-still-waits-for-independence/1515340.html
Despite its appearance as a peaceful seaside town, Cabinda is restive. For many years, local separatist groups have been fighting against the Angolan government for independence, to no avail.
Oil is Cabinda's main resource, producing up to 70 percent of Angola's output. And oil revenues make up half of Angola's GDP, wealth that is not equally shared according Raul Danda, an opposition leader in parliament.
Somalia: Oil thrown on the fire
http://www.ft.com/intl/cms/s/0/538e9550-b3e1-11e2-ace9-00144feabdc0.html#axzz2ziXrnPQh
Things were starting to heat up last year, now even bigger money is in the game. KIMJF is a prime takeover candidate in my opinion. The biggies need a stalking horse in Somalia.
KIMJF Big Block - someone likes it for the long haul.
I think you are right; most of that stock is somewhere else, not here. based on the trading pattern.
No Oil left behind
These days they take oil oil and gas from a lot of bad neighborhoods including Kurdistan and South Sudan. Somalia is no worse or better. I'd suspect they'd drill in Hell if there was a NI 51-101 with over a billion BOE gas and oil like KIMJF has for the ACA Block.
Watch KIMJF Jump
This puppy is going to jump at the bell.
10 BBL is a lot of oil brother
Kilimanjaro small piece of that Somalia oil patch should be worth - maybe $200M plus uranium.
The Russians are Coming - to Somalia
Russian offshore survey starting up. Only a question of time IMO till a full scale oil boom:
http://www.offshore-mag.com/articles/2014/04/exploration-programs-begin-in-northwest-indian-ocean.html
GXG Exchange based stocks
The volume of Danish GXG based companies generally suck wind. However I note KIMJF (Kilimanjaro Capital) another GXG based resource company is flying high with average OTC volume of over 500,000 a day.
http://investorshub.advfn.com/Kilimanjaro-Capital-Ltd-KIMJF-27661/
http://www.kcap.biz
Without volume how you gonna make $$$?