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This is a general archive host page for all of the infringing articles which have already been removed from Google search. This is the last remaining search result which appears in google search when searching for ‘Jub Capital’ and would kindly request that it is promptly removed.
Defamation Claim #1
URLs of Allegedly Defamatory Material:
I find myself in a decreasing circle of people and companies who act with some semblance of integrity. The deceits some have tried to perpetrate over the years never ceases to amaze me. Thus so the utter nonsense that is currently being pumped out regarding the classic pump and dump of the worthless Mkango Resources (LON: MKA).
A brief history of the company; Mkango was originally incorporated under the name Alloy Capital Corp. on November 13, 2007. On December 20, 2010, Alloy was acquired through a “reverse takeover” by Lancaster Exploration (“Lancaster BVI”). The articles of Mkango were amended to change its name from Alloy Capital Corp. to Mkango Resources Ltd. Mkango Resources commenced trading on 5 January 2011 on the Canadian TSX ventures market. The Company have two 100% interests in rare earth prospecting licenses in southern Malawi, the Thambani licence and the Phalombe licence. MKA have during their time on the Canadian market raised millions of Canadian dollars on the back of the above two licences. So just why have Mkango now listed on AIM? Answer, they couldn’t raise any more cash in Canada, the company were basically bankrupt. Their 31, March 2016 quarterly update makes this abundantly clear. They had $87,000 left in the till with a deficit of over $11,000,000. And a quarterly cash burn of $214,863. Most of that cash burn was director/administration fees. The Canadian retail investor brigades had worked out that they were a POS. Enough was enough. To put it in a nutshell. Unless Mkango got a listing on AIM, then they were BUST.
So folks they moved the ‘Mkango Show’ to the AIM Casino. A troubled time they had with the regulators during their AIM IPO which eventually lead to a 3 for 1 consolidation and a £1 million placing at 3.3p per share. Now here’s the rub of the green. There’s an orchestrated pump and dump/promote being perpetrated here by Jub Capital, come on down Adam Dziubinski, who was instrumental in bringing this failed POS to the gullible UK retail Muppets. Dziubinski is in control of the Mkango twitter feed and regularly contacts the P&Ders. We have it on good authority that certain well-known pump and dumpers have been enlisted to ramp up the MKA share price by Jub Capital. You can watch it in real time on twitter & the BB ‘s. Some may have been given financial inducements. One poor sap has been coerced into buying stock from Dziubinski to keep the sp up!
You’ll all recall that Dziubinskis’ Jub Capital, market themselves as ‘Institutional Investors’ in piss poor stocks such as Sula Iron & Gold (LON: SULA), while all the time quietly flipping out the stock and taking profit. Institutional Trader is more apt. How many Sula shares does Lube/Jub Capital now hold in Sula? Not many. Retail investors got turned over and were left holding the baby…. And retail investors are being turned over by Jub Capital/Dziubinski yet again in Mkango. It’s a shitty game is AIM….
This is exactly what is occurring here. It is the same people using the same modus operandi to stitch up retail investors with a cock & bull story of rare earth mineral riches in darkest deepest Africa. They spun this fable in Canada for 6 years and have now come to the UK spinning utter shite.
Songwe. Hill of Beans.
The cost of progressing these licences, is in the tens of millions of pounds, a minimum of £30,000,000 is needed. There is no infrastructure whatsoever. The areas where the licences are held are notorious for flooding, bridges, roads and indeed villages are regularly washed away. Take some comfort there are some dirt tracks! Songwe Hill is exactly what it says, a hill in the jungle. A hill of beans.
Take a good long look at the google earth picture in this article of Songwe. Can you see any kind of infrastructure or indeed any kind of mining works? $11,000,000 and 6 years later and still rising, there’s absolutely nothing there. That is the same for the Thambani licence. Mkango are a paper mine. It’s a dream being perpetrated on the gullible. The only thing being mined here are the retail investors.
Spot the infrastructure?
At current cash burn and with historic liabilities settled, Mkango Resources have approx. £500,000 left in their kitty. They are hugely over-valued and need funds to keep the lights on. Hence the pumping and dumping promote. They have released no less than five non regulatory RNS promotes over 6 weeks. You can expect a placing here as soon as they can get away with it and their Nomad gives them the green light, regardless of the shite they have told investors in their IPO Mkango are here for one thing and one thing only; more of your money. The actual value of the stock is circa 1p that’s cash in hand and value of their listing. I assign no value to the ‘Licences’ as they are as far away from production as a company can be.
An interesting point investors should read is the CAUTIONARY NOTE (Get out of Jail Card) at the bottom of company RNS’s
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, delays in obtaining financing or governmental or stock exchange approvals. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
It’s a pump and dump stock. Expect massive dilution and lots of ramptastic horseshit along the way.
Invest or trade here at your peril.