Kibo Mining Share Price - KIBO
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Kibo Mining||LSE:KIBO||London||Ordinary Share||IE00B97C0C31||ORD EUR0.015|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)||RN||NRN|
Kibo Mining News, Charts, Forums & Trades
Kibo Mining News
|26/8/2015||09:49||ALNC||Kibo Mining To Recover Funds From Hume Capital After Court Ruling|
|26/8/2015||08:01||ALNCF||Alliance News Flash Headline|
|26/8/2015||08:00||UKREG||Kibo Mining Plc Update on Proceeds of Hume Placing|
|12/8/2015||08:21||ALNC||Kibo Mining To Make Up To USD27 Million Profit Per Year From Mbeya|
|12/8/2015||07:00||UKREG||Kibo Mining Plc Rukwa Definitive Mining Feasibility Study|
|21/7/2015||10:24||ALNC||Kibo Mining Says SEPCO Joint Development Agreement Now Unconditional|
|21/7/2015||07:00||UKREG||Kibo Mining Plc Mbeya - SEPCO III JDA Unconditional and Funded|
|13/7/2015||09:49||ALNC||Kibo Says Survey Results Extend Prospects At Haneti Nickel Project|
|13/7/2015||08:00||UKREG||Kibo Mining Plc Haneti Geophysics Final Report|
|01/7/2015||13:00||UKREG||Kibo Mining Plc Result of AGM|
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Kibo Mining Discussions and Chat
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|28/8/2015||17:41||KIBO MINING - Tanzania - Coal - Gold - Nickel - Uranium||34,030|
|28/8/2015||17:06||KIBOsh Mining - Another Placing looks IMMINENT !!!||2,747|
|03/7/2015||10:15||KIBO - Next to Barricks 12million Ounce Mine||16|
|25/6/2015||21:34||KIBO shareholders - Thickest mug punters on AIM cesspit ?||585|
|11/1/2015||07:21||KIBO - due to run out of cash again...next placing at 1p?||311|
Kibo Mining Top Chat Posts
|gilbly: Thoughts for today, a nice and steady rise every day would be good. Ah, I wish we could be like this every day, with just enough to keep your interest buds fully activated, knowing fully well that in reality it does not really matter at the end of the day what price we are at in the short term, as you know fully well that eventually Kibo will prevail going forward, based not on guesswork, but from the knowledge amassed and produced to-date on both the PFS reports for the Mine and Power twin track elements. This in turn leads us to the completion of the DFS and a Bankable FS report and then it’s down to the nitty and gritty phase of financial closure with disclosure of the funding sources for debt and equity. So if anybody has any doubts they should read up a little and then make their mind up and honestly appraise or criticise the Kibo investment situation then decide if this investment is beneficial. I’m sure most of us would prefer to hear the pro’s and cons about a particular investment situation and perhaps we might be more aware of a company’s position and shortcomings. Perhaps one of the problems is that there are not enough analysts out there that have the resources and honest enough opinions to look at the vast array of companies out there, review and analyse a company’s share and then inform us on exactly what they think and feel about a particular investment. This is despite the fact that we the PI are the first to go over the top and sink our well-earned dosh into many investments and pave the way for the institutions to eventually arrive and soak up easy shares from many early investors who had become demoralised, bored and frustrated with a company’s share price performance. Regarding a possible mining investment, invariably people will always advocate, yes it is speculative, but after all Kibo is only an early exploration (and development) company with only the potential to mine and so the resource remains in the ground until you start producing and making a profit. They will also inform you that there are umpteen companies on AIM in a similar sort of situation, with the same sort of aspirations and the same sort of investors with the usual and normal mind set, as far as we the investors go. We are only human and we do what we feel is best regarding a share with potential, as often there is no one to advise and show us the way. Institutions pay heavily for investment analysts to guide them through the maze of companies and investment opportunities and they appear not to care too much about the ethics of investing as long as they profit in it, long or short. In part some of the foregoing may be true but there are steps in the cycle of events that add value to a company and some of these steps especially for a miner/explorer entails the preparation of a requisite amount of studies which allows them to move forward a step at a time creating a small piece of value each time as they go. In theory this is paper value as it is not being produced, nevertheless it is ‘value added’ work, or effectively it should be, and once produced they know that they have completed a small chunk of worthwhile effort that has created value, albeit "on paper” which may never need to be revisited or re-vised again, if they are lucky. In looking at potential companies to invest in we can all, as best we can, research a company and look at the fundamentals in question and no doubt some will be able to do it better and more thorough than others, we are all different. However it gives me some sort of satisfaction, that having done the homework, duly invested and satisfied with progress of the investment so far, to hear a the Mining Maven broadcast where the CEO, LC indicates that: a) the CRITICAL PART of the work has been completed producing the PFS reports for both Mine and Power elements. b) he too is UNHAPPY with the share price and is FRUSTRATED at the level of the share price despite the fact that they have indeed created value to the project over the last few years. This just illustrates how far we have actually come in a fairly short space of time and it is not often you hear a CEO voicing these words, as invariably it is along the line of; we have no control over the share price in the market. It also interesting that we the investors are not the only ones frustrated with the performance of the share price following the positive news releases issued and that our expectations were in fact justified according to LC's commentary. So we are further de-risked and if I was new to this share, yes I am sure I would still do my own research, however on the strength of his comments, I think I would be prepared to invest purely on the basis of what LC thinks and feels about the present share price value given that he has much more working knowledge of the company and its projects than I do. The other four projects will continue to be worked in parallel albeit slower progress and we will hopefully get news on these between now and financial closure of MCPP. There will be some who invested here more recently who have done their research and concluded that they are satisfied with the fundamentals and it is well worth investing in Kibo and maintaining an investment that means something. On the other hand there will be some long term holders who also thought the same a while back and have been subjected to a long period of share placing's and a constant share price dilution, so perhaps Kibo have a lot to answer for in this regard. Hopefully in the coming months, as it appears, it will be payback time for Kibo and that they will develop and create shareholder value and all shareholders, including the long term holders of this share, will be rewarded in due course. (and notice I never said 'shortly'). I think that solid support from the BOD with news of a fairly substantial investment would go a long way in providing a much needed boost to the share price and would be a tremendous vote of confidence to all of the small investors here. The news may even be eagerly awaited by the institutions although they are more likely to be awaiting details of the Financial Closure outcome.|
|gilbly: Hey MAB, I just got back from Tenerife which was hot and also spent a couple of days in Edinburgh. Had a very frustrating time with the internet in Teno.
Been catching up on the posts.
Just my thoughts and comments on Mbeya and Imweru etc.
I think it is highly unlikely that they will sell Mbeya as a whole unless they receive a massive offer and /or the resources at Haneti are worth multiples of the value of the combined Coal and Power project and additional coal resources. So the latter being the case a lot of exploratory work needs to be done in that respect to prove the multiple resources which appear to exist at Haneti. They certainly sound encouraging re the geochemical at Haneti, which indicates the nickel sulphide potential and the acquired geophysical scan which has already enhanced their understanding on the prospectivity of the project.
However the timescales are such that they are likely to be homing in on the completion of the DFS on MCPP with financial closure rapidly approaching and therefore any proposed drilling may just possibly be starting on Haneti later this year, so I would assume that no massive resources would be explored and defined by Oct/Nov 2015 at Haneti. If there was then I would see a case for selling MCPP although I might not agree on selling.
MCPP is the company flagship at this present moment in time and any selling price would have to be irresistible to LC.
I'm sure all of the bidders in the JV process will have been made well aware of the potential coal resources that Kibo have. It is no secret that they currently have enough resources to double the MW of the output power.
I always thought it was only a matter of time before Kibo bought EDL with their 171mt coal resource but they don't need to especially if they have 4 times the current 109mt which I think has been implied. Looking at the past RNSs, Kibo appear to have a resource pit with a strike length of 9,050m by 490m wide by 100m deep with a remaining field length of about 35km. (9 Sep 2014 RNS). So perhaps they are well aware of the potential they have.
Remember they have enough current resources to operate twice the planned 300 MW for about 40 years and that’s a lot of coal and just think of the worth in coal and the worth from a power generation viewpoint.
Alternatively the additional coal resources may be utilised for alternative energy technologies such as coal to liquids, so more value to be created for Kibo if they go down this path.
On the question of MCPP worth they have stated the following in their RNS news items.
Mbeya COAL (DMFS Phase1 Stage1). - With a LOM of 27 years and annual production of 1.48mt of coal, the NPV at a discount of 5.7% is $116 to $141 million USD depending on the option.
Mbeya POWER PFS. - With a LOM of 25 years and 4 CFB cases assessed, the NPV is $230 to $280 million USD at a discount rate of 15%. Note higher discount values are more conservative and they may include a higher risk factor in the calc.
So the total NPV for Mbeya COAL and Mbeya POWER is between $346 to $421 million USD depending on the option they go for.
Imweru Project. – Imweru’s 555K oz ‘out of ground’ gold resource is worth about $666 million or possibly only worth about 5p per share ‘in the ground’ value without any upgrading.
So it shows us how undervalued we are.
If we sold Imweru tomorrow at 5p/share this is worth more than the current share price. The original purchase cost of the Coal asset alone was about 6p per share.
Assuming we proceed to gold mine production, my own estimate of the Gold resource over a period 10 years yields an NPV of $73.6 million USD using a discount rate of 10%, and an NPV of $90 million USD at a discount rate of 8%.
This excludes Lubando’s 168K gold resource which is also 90% owned.
(See post 28081 & 28142 for figures for the NPV with a potential increase of resources by 40% and 80% which may be investigated with further exploration as per 10 Feb 2015 RNS).
Therefore the total NPV for COAL, POWER and with IMWERU included is between $419 and about $500 million USD.
Currently the market capital of £14.36 million, or $22 million USD is only between 5.25% and 4.4% of these NPV values.
Worth considerably more than 25p a share I would think.
We also have Haneti, Pinewood and Morogoro projects to be explored and with all of the projects alive and active on all 5 fronts there has to be news to arrive on all of these fronts shortly.
No Kibo expenditure is required for Morogoro and Pinewood and we are well funded after the last placing, with still £524K to come via the Hume debacle.
The MCPP I am sure will take care of itself through either a) the planned natural development process progressing to the JV conclusion with the manufacturing and operating of the PS or b) by a really transformational offer for Mbeya which cannot be refused, whether it is from SEPCO III or other parties. I would imagine the former will have first right of refusal if Kibo are to dispose of their Mbeya share.
Either way there has to be great potential for the share price compared with the current level.
The SEPCO III team who has impressed LC to-date are contributing $3 million to the DFS and will no doubt be competent and meet the October 2015 target date with ease which then points us to the financial closure stages, which should be really exciting.
We also have to remember we paid $20 million for the original Coal acquisition and with successful completion of the DFS, the MCPP Power and Coal assets will be transferred to a Special Purpose Vehicle (SPV) to thus reflect the original Kibo acquisition cost and costs to-date.
In other words Kibo have an 85% share and SEPCO III have the remaining 15%. This equity can be released to provide funding for project contribution such that, if desired, Kibo may self-finance the project to the extent deemed necessary.
A great position to be in as they can realise equity for funding and still retain a large stake and provide a healthy return for shareholders. With this in mind I have a strong pull towards mining Imweru in order to keep the MCPP stake as high as possible.
There are a few options open to LC and will they mine Imweru or sell? Remember as it stands for Imweru’s 555K oz gold resource, that the ‘in-groundR|
|tr4der1: Kibo share price is being manipulated at the moment. But this will stop at point and price re rated to reflect true value 100mil cap at least, thats just for the mbeya (rukwa) project only.|
|gilbly: Divmad - The share price is better than it was. However the frustration of the level of the share price is often hard to understand other than we are now entering the advanced studies stage and things have a tendency to go quiet, which is a known fact in the run up to the real big issue of completion of DFS/BFS and financial closure. LC in his last interview indicated we are past the critical part of the working studies, which in itself is so important and he also stated how frustrated and unhappy he was with level of the share price despite the progress and value created over the last year or so. In the normal cycle of events in the early days of exploration there is high risk and corresponding low value in the share price. As we start to undertake the various studies, such scoping studies, PEA, PFS, FS and DFS/BFS, in theory we should not only continue to ascertain if the project is feasible but increase the confidence levels for this and the resulting good news should be accompanied by a reasonable rise in share price. This still has not been achieved regardless of the news issued on the PFS for both mine and power which has produced some exceptional figures according to LC. Successful completion of the studies and adding further to the knowledge base means we continue to de-risk the project such that, in theory the risk decreases and the share price increases, in theory that is. However even though we advance from stage to stage, one leading to the other in a logical fashion, there is no certainty that the projects will go ahead. It is only when ALL events are finalised, permits, licences, agreement, environmental issues and the necessary finance is approved that a decision can in reality be made. Probably only then when we have financial closure is the share price most likely to move upwards. However other events such as an institution climbing on board or directors buying is likely to propel the price upwards at any moment, not to mention the effect on the price if any new party or parties are interested in investing in the coal to power venture. However for those that have the patience to hang on and hold or accumulate and wait until news of the financial closure, (which indicates that we are moving towards a workable project and that we have the requisite funding arranged to do so), should be well rewarded with a most welcome break out in the share price.|
|webshares: brewsters_millions - 27 Apr 2015 - 19:29 - 29182 of 29183 - 0I had a listen.... Talking about kibo share price.....So.... Err..... That's interesting He definitely thinks it should be far higher than it is now.It seems the market thinks the deal is to good to be true, wait for the DD and it all signed off then maybe we'll get the re-rate that this deserves.|
|gilbly: Afternoon Andrew or good evening rather - I used to wonder why Kibo did not buy EDL but as they appear to have about four times the current resource of 109mt it's not so surprising they never bought them. Good luck with them and you may do ok if they follow our landmark rise!!!! Note just a touch of sarcasms here as we should be a lot higher. They too should do well in the coming months. Perhaps Kibo should get the coalfield fully defined and then either export the coal or use for alternative energy technologies or sell part of the field off and re-invest in MCPP as required. This may reduce the funding requirement and allow us to retain a higher percentage of the SPV. On the one hand they could of course sell off Imweru. At 5p per share this would provide about £16.4 Million and at 10p they have £32.8 million which will cover their share of the $38 million CAPEX required for the Mine capital costs. It depends on how badly someone wants the gold field. Acacia / Barrack, own a 10% free carry up to the decision to mine and then have to contribute, or be diluted to 2% smelter royalty. They also have first option to buy at an agreed market price at the BFS stage. So between them, they may agree on a price for the mine at any time as both parties will know the potential re extending the resources. I can't believe I'm talking about 5p a share for an 'in the ground' value for Imweru, when the share price is not even at that level currently, despite the fact we have the MCPP coal with annual profits of $24 million and the MCPP Power revenue of about $8 billion over 25 years. In addition the combined coal and power NPV is between $441 and $524 million and we are sat with a MCAP of about $21 million. Maybe if we announce a Imweru sale we will double the share price!!! Anyway on the other hand they may mine at Imweru and help fund the coal and power projects. If it was possible and it fits the timelines, this would be my preference as they have the potential to increase the resource by 40% to 80% and it is worth so much more if mined. However it all takes time and funding is required. It may depend on the figures, prices and time scales and what is feasible and it may already be a done deal in terms of the decision making process. They must have a fair idea of how they going to fund the projects. When you look at the latest RNS coal figures they have exceeded Kibo's expectation with almost doubling the NPV and annual profit margins to $24 to $27 million, and now also with a reduced capital outlay of $38 million for the preferred option. They have to attract attention at some point with these sort of profits. If we use 30% of the combined NPV per share as a conservative target share price this equates to 26p to 31p. (post 33548). Hard to believe with $24 million projected for the coal we are sat at a price to earnings ratio less than 1. Completion of the DFS/BFS is not that far away at the end of October which leads to the financial closure in December and this is probably when we have the institutions buying up shares, when the debt and equity details are to be revealed, so that may be the precursor to our price starting to move higher. Kibo have also indicated there is certainly scope for further improvement in these figures in the RNS as the price of coal used in the report is significantly less than the current market price. This will reflect in more robust project economics, but to accommodate hidden charges, maybe they should just treat this as a built in contingency or a factor of safety on the margins and NPV. However looking at the coal sale figures this equates to about $32.8 per tonne which compares to the current price of around $40, so there is room for a possible increase of 22% on the margins available. The RNS figures are nice and conservative however if we allow for the higher coal price this not only increases the margins but must also increases the estimated NPV by the same proportion. So also scope for a higher Coal NPV here. I would not be surprised if we receive figures above expectations for the next set of financials released for the Power generation project, as they do try to be conservative with the earlier reporting. However I think the price per kw hr is fairly sensitive at 9 to 11 cents and they need to find a balance for production suppliers and for the customer, so this may be a factor for consideration and the outcome may be interesting. I think this was mentioned in the Sheldon Modeland interview on 11 June. Not too sure re the broker's overhang theory but maybe it's just a standard response if it is hard to understand or explain it. Given some people were lucky enough to buy low, they can then sell and buy back I suppose, but the 1% stamp duty must be a problem for some. They should save us money and re reg. the company, every little helps. All will be revealed eventually. Muto - Next news may be the results of the assay testing on the existing (old) samples at Morogoro which is due in Q3. There will be a fair bit of work involved in DFS as I listed in the overview post no. 33207 however not too sure if we will get a progress report and how often. Possibly at least one between now and completion, who knows, maybe even two. Plenty of work to do in the DFS, but they must surely, with the information they have, be looking to classify the mineral resource as a Mineral Reserve and increase the confidence levels of the resource. This has to improve the bankable study and the financial expectations in the discussions. Haneti – More analysis of the geophysical data may lead to confirmation of the drill targets and expected start dates, (said to be later in 2015), which will be after the geo technical drilling at MCPP as outlined in the 26May 2015 RNS (10-18 days after). Think the drilling was to aid the mine design criteria work for later in the MCPP study etc. Imweru - Plenty of next steps work also listed in post no. 33207 but it may all depend on the resources available for the work they plan to do which will be dictated by the MCPP work through to completion / financial closure. However the big decision is, will Imweru be further explored and /or mined or sold and if mined will it be solely or through a joint venture. Also if it is sold, will we, the PI's get to vote on the deal? If so better get talking to my broker re my vote and apply for the right to be allowed to vote. ( seeing as my shares are held in a nominee account). Starting to think about voting rights now!!! No expenditure required from Morogoro and Pinewood with MTR committed to their $800k spend in 3 years. Hope they deliver. Lots to consider with Kibo atm which must stop you from getting depressed about the share price. We just need patience and see how we develop.|
|daddy warbucks: gilbly Thanks for reminding me about the price escalator under the Morogorro jv. I have pasted part of the RNS from the 19/1/15 below..... "As part of the JV, should it proceed, Kibo will issue Metal Tiger with warrants over 10,000,000 new ordinary shares in Kibo, exercisable within a three-year term at an exercise price of 9p each but subject to a mechanism to increase the warrant exercise price in the event Kibo's share price trades at a significant premium as follows: -- In the event that Kibo's listed closing mid-market share price on the AIM market of the London Stock Exchange ("AIM") exceeds 18 pence (GBP0.18) per share for a consecutive period of 15 days in which AIM is open, then the exercise price of any unexercised warrants shall increase from 9 pence (GBP0.09) to 14.5 pence (GBP0.145); -- In the event that Kibo's listed closing mid-market share price on AIM exceeds 27 pence (GBP0.27) per share for a consecutive period of 15 days in which AIM is open, then the exercise price of any unexercised warrants shall increase to 19 pence (GBP0.19)." Should our share price start to rise, I think MTR will find the cash from somewhere to pay for the warrants at 9p. They may then be forced to sell quickly to repay that amount.|
|gilbly: An article in support of what Tr4der has advised in the past.
Re shorting and protecting against it, I came across this old one which I had saved. I think it was dated 2011.
As a result of this jogging my memory, we have updated our selling limit orders today which had expired.
Not too sure if a broker is still able to lend out your shares despite the limit order being place. Does anyone check they're working to procedures and how often?
|precious_metals: Back to KIBO; Louis Coetzee, C.E.O. of Kibo Mining commented: "We are very pleased to report to shareholders the tremendous progress the Company has made on shareholders' behalf during recent months despite the continuing turbulence in the natural resources equity environment. Kibo has made strong progress in 2015, bolstered by the financial support demonstrated by an early conversion of warrants by Metal Tiger plc in January and thereafter by the additional funds raised from secondary placings. This update is designed to assist shareholders' understanding of the progress that is being made, the current position of Kibo and also the forward plans we intend to execute to further build the value of the company. It is worth mentioning that we are participating in a race to value creation and in this regard two factors are prevalent. · Firstly, that Tanzania as a country is eager to see the development of its natural resources and is highly supportive of those companies investing properly in this regard. The opportunities are immense and we are rapidly building the value of our in-country interests to reflect this. · Secondly, that the bearish natural resource climate is potentially nearing its conclusion and a turnaround in fortunes is likely due. We are positioning Kibo in a manner that will draw investor interest and capital as that recovery ensues. When the recovery starts in earnest, there will be many companies vying for attention and we want investors keenly focussed on Kibo right from the start. In the case of Kibo we feel attention by investors is warranted. In the MCPP we have a world class opportunity to develop a major strategic power generation asset in Tanzania. The Kibo programme is however much more robust than the MCPP only, with interests in strategic precious, base metal and energy projects, lending diversity and depth to our business model and enabling investors to gain access to the substantial mineral resource opportunities of Tanzania. Whilst share price pressures are frustrating, shareholders should note that Kibo is progressing at some pace, and there will be news flow in the coming days, weeks and months that will further demonstrate the progress being made."I feel like another top up tomorrowGLA|
Kibo Mining Most Recent Trade
|Trade Type||Trade Size||Trade Price||Trade Date||Trade Time||Currency|
|O||60,000||4.50||28 Aug 2015||17:08:04||GBX|