Kibo Energy Share Discussion Threads

[spooks4] 06/3/2018 01:22

Even more so that the MOU is now signed with PPA due, then bring on the SML. Any time today or sooner for the SML, even more so as there is a new and better broker appointed. A Trolls worst nightmare.

[aimchimp] 05/3/2018 16:01

What does make sense? But just get buying then and paying over 6p a few days after placing completed at 4.25p now that make sense? It must! Not long now! Nailed on someone say?

[jimmyhoffa262] 05/3/2018 11:36

No matches trades No 100k sellerAll makes sense now

[uknighted] 05/3/2018 11:35

Short6, I expected it to go up, as it has now.
The situation has been recovered with half the previous fees. It went down when the placing was originally made and again when Beauforts was closed down. I rightly didn't expect it to go down on today's news.

[jimmyhoffa262] 05/3/2018 11:30

Funny how share price is reacting today given the demise of Beauforts

[spooks4] 05/3/2018 11:24

Even more so that the MOU is now signed with PPA due, then bring on the SML. Any time today or sooner for the SML, even more so as there is a new and better broker appointed. A Trolls worst nightmare.

[donald trumpton] 05/3/2018 10:52

This is excellent news! Almost as if Beaufort "never happened"..


Dated: 5(th) March 2018

Kibo Mining Plc ('Kibo' or the 'Company')

Appointment of new Broker and Update on Placement Proceeds

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, is pleased to announce a further update regarding Beaufort Securities Limited ("Beaufort") and the Company placement for gross proceeds of GBP750,000 announced on 27 February 2018 (the "Placement").

Kibo has today appointed SVS Securities Limited ("SVS") as its new broker pursuant to AIM Rule 35 to replace Beaufort. Beaufort were placed into insolvency on 2 March 2018 and were ordered to cease all regulatory activity by the Financial Conduct Authority. SVS, as exclusive placee in the above referred placement, has subsequently agreed to complete the Placement with the Company on the same terms as the Company had agreed with Beaufort as the company's agent and without delay. Under the new arrangement with SVS the Company expects the aggregate expenses associated with the Placement to be GBP37,500.

Kibo's CEO Louis Coetzee said: "We are pleased to appoint SVS as the Company's new broker and to have reached agreement with them to complete the placement announced on 27 February 2018 at such short notice. This will ensure that the Company will receive the placement proceeds without any delay."

Trading in the New Ordinary Shares is now expected to commence on AIM and the JSE on or around 6 March 2018 ('Admission') as initially advised. Following Admission, the Company will have 412,901,424 shares in issue.

[short6] 05/3/2018 10:41

UK, the placement is still at 4.25p. What do you expect?

[uknighted] 05/3/2018 10:37

RNS SVS new brokers and fulfilling the placement at apparently half the fees Beaufort were charging. The market reaction - drop the share price!!

[cemsmusic] 05/3/2018 08:52

Interesting read re Beaufort... hxxps://www.justice.gov/usao-edny/pr/six-individuals-and-four-corporate-defendants-indicted-50-million-international

[spooks4] 02/3/2018 12:48

Even more so that the MOU is now signed with PPA due, then bring on the SML. Any time today or sooner for the SML, even more so as there is a new and better broker to be appointed. A Trolls worst nightmare.

[jimmyhoffa262] 02/3/2018 12:06

If no funds why not ask shareholders for a open placing at a 4.25p im sure there will be takers

[datait] 02/3/2018 12:00

Gets better and better eh hahahahaha

[jrjr99] 02/3/2018 12:00

lets hope they get the £750k....what a scam

[donald trumpton] 02/3/2018 11:59

This..!

(whilst being a bit annoying, provides an excellent new entry point to the stock for longer term holders)



Dated: 2 March 2018

Kibo Mining Plc ('Kibo' or the 'Company')

Update on Broker and Placement Proceeds

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, notes the announcement regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into insolvency. Additionally, the Company notes that the Financial Conduct Authority ("FCA") has also imposed requirements on BSL and BACSL, with immediate effect, requiring them to cease all regulatory activity.

BSL is the Company's broker pursuant to AIM Rule 35 and as a result of the requirements imposed by the FCA BSL is no longer able to provide broking services to the Company pursuant to AIM Rule 35. The Company is seeking to appoint a replacement as soon as possible and a further announcement will be provided upon such an appointment.

The Company also notes that, further to the announcement dated 27 February regarding a placement for gross proceeds of GBP750,000 (the "Placement"), the application for the Admission to AIM of 17,647,060 ordinary shares in the Company is to be put on hold until further notice as the Placement was conducted through BSL and to date the Company has not received any of the Placement proceeds.

The Company is however urgently seeking further clarification on the matter, in particular the timeline for the expected release of the outstanding Placement proceeds to Kibo. An update on this situation will be provided as soon as more information is available.

[thelung] 02/3/2018 11:52

Couldn't make it up.....

[spooks4] 02/3/2018 10:55

Even more so that the MOU is now signed with PPA due, then bring on the SML. Any time today or sooner for the SML, even more so, as there will be a new and better broker. A Trolls worst nightmare.

[jimmyhoffa262] 02/3/2018 09:01

Can someone tell bcl42 to try harder

[jimmyhoffa262] 02/3/2018 08:17

Panic stations