Kibo Energy Share Discussion Threads

[rubberdolly] 10/7/2017 17:43

Dudley The point is nothing Tangible has happened with LC running the show and if your so confident then what is the timescale for SML, ESIA, PPA ?As you are aware news is the main source of this AIM Market and if no news arrives very soon then I see the share price in the lower '3's without doubt.Don't read into much on the LSE board as the majority are clutching at straws as proved over the past week when every link possible regarding Africa and mining is posted just to keep the momentum going.It's worrying they have to do this to make them feel more comfortable with their holdings.Just tread careful but please DYOR.

[aimchimp] 10/7/2017 17:22

"Guessing significant news is imminent and respected holders like Wimbo etc are positioned to experience life changing benefits as a result of patience & commitment having thoroughly researched every angle of the Kibo strategy"Are you for real guitarman? You think by reading about the company and buying the stocks with your pension this mean it all pan out rosy and happy every after? You are so naive and a lesson will surely be learnt for you and friends here. Many have lost all on a similar gamble before and will not be the last time with people's blinded faith and reassurances.

[aimchimp] 10/7/2017 17:20

"good morning 2u2. well ones things for sure its certainly not boring ! KIBO will rise like a phoenix in the not too distant future.. hear what you say re funding however we have had verbal confirmation that all is ok for the remainder of 2017- after thats of course things may be different"This make my point clear, these on LSE have NO idea what is really going on here in the company despite the wink wink nudge they claim fro Coatee - so they say they are told "verbal confirmation" funding ok? Oh please! Look at the accounts and you will see they will need to raise some very soon more so now with this unexpected delay Magufuli has imposed.I wonder what will be said when the price of the "tickets" slumps when this is announced. Will not be be so blinkered then I should think.

[dudleym1975] 10/7/2017 17:08

Rubber thanks, business in Tanzania is very frustrating and if there were other CEOs in charge there may have been placing after placing occurring and dilution at shareholder expense, and this would have been years until anything tangible would have happened. lc has fought to retain the maximum he can at every opportunity and has convinced the likes of Sanderson to actually buy into the story and take a stake in the project. Lc has done a lot behind the scenes here which will put kibo in a nice place.

[guitars4stars] 10/7/2017 16:59

I'm sensing an understandable change of heart from the doubters who lack conviction with de ramps... a good opportunity exists now to fess up and declare they called it wrong as seen only a few weeks ago on this very forum by a 'now invested' ex doubting Thomas - it's not about loosing face but making wise and well researched investments decisions that really could make a difference... #Kibo.

[rubberdolly] 10/7/2017 16:56

Dudley......Even though you reply in a nice way & don't get upset or reject other views I do actually admire you for that more than the others on here.But what makes you so sure about all these meetings with officials or are you led to believe LC Has a special relationship just like all the clappers assume.And why is there no interest in the stock ?If it was that close then the share price would not be just over 4p.It may at some point rise to 7p-9p but it will then fall back like most others do.No danger of ever missing the boat with this share if at all it ever happens.Just my view Dudley.Have a good evening.

[dudleym1975] 10/7/2017 16:45

Rubber share price may have halved but what is about occur shortly will make a lot of actual investors very very happy. LC has a way with the Tanzanian people and is well respected and also knows what he is doing, with the changes which have been occurring he has been in contact with most of the governmental departments throughout 2017 on a weekly basis. Remember he knows how business is done in Tanzania.

[rubberdolly] 10/7/2017 16:15

Dudley.......Do you have this market sensitive information at hand or can you not share under any circumstances or is it because you dont know of any.A little bit like SYM when his friend in Tanzania told him there was a huge finance deal being talked about with KIBO but he couldn't tell his mate SYM anymore than that as it was super confidential.LOL

[rubberdolly] 10/7/2017 16:11

Dudley..... The new kid on the block who posts nothing but positive comments and the usual fools believe every word.SP has halved in a matter of months and LC hasn't the knowledge or clout to see this through.A change of leadership is needed otherwise this could sink into the '2'S forget the Clappers as they wouldn't post anything different.Deep down they can't see the wood through the trees LOL

[guitars4stars] 10/7/2017 15:07

Dudley,Great postings of late & what a fantastic BOD's we have steering our investment into Kiboom! Guessing significant news is imminent and respected holders like Wimbo etc are positioned to experience life changing benefits as a result of patience & commitment having thoroughly researched every angle of the Kibo strategy. A very exciting and significant time to be part of the Kibo journey is my view & looking forward personally to my six figure plus holding displaying a VERTical chart on screen in the very near future :)

[richie32] 10/7/2017 14:25

Agree Dudleym1975.

A company parachuting into another country often comes unstuck.

This is different. Having someone who knows and respects the People they are dealing with (and hopefully has that respect returned) is extremely valuable.

[dudleym1975] 10/7/2017 14:09

I feel more relaxed knowing Louis Coetzee is at the helm steering us as I write this through the stormy weather that is the Tanzania government. We will soon be seeing blue rays. Have trust and faith that Louis Coetzee will steer us towards financial freedom.

[richie32] 10/7/2017 12:24

Pretty sure that AIM rules require an RNS for a change of reg office so not sure Kibo had any choice.

LC is a Tanzania specialist and I have confidence in his ability to read the situation and make good decisions and to protect sh value as far as is possible

[rubberdolly] 10/7/2017 11:41

Great RNS LC Next time just put a 1st class stamp on it and post it out.POINTLESS

[yaki] 10/7/2017 08:18

Dudleym1975, great posts. lots of sense and content!
keep up your good work!

[rubberdolly] 09/7/2017 13:15

Very good that this thread has more open views posted than LSE has over the past 12 months.And some excellent insight from chimp, lurker, the informed Dudley and of course myself.This week might become exciting let's hope so.Off out now the boozer is calling me.

[rubberdolly] 09/7/2017 13:08

It might only be a 300mw station and nothing more.It's also possible that many will tap into the mains supply from the street avoiding paying any bills.Not that I have ever done anything like that LOL ?Anyway good news arriving this week according to SONIC.

[lurker5] 09/7/2017 12:38

Dudley - It does emphasise that the current (apparent) push for coal by some government factions (for their own selfish reasons) is competing with the push for renewables by others including all outside authorities like the World Bank. Hence the author's comment "It remains to be seen whether all the approved or planned coal stations will actually be built" It means among other things that whereas Kibo's (and Edenville's) initial projects might happen, it will become increasingly unlikely that their hoped for later expansions will. Availability of natural gas for power - with stations that can be built more quickly - is increasing all the time. Kibo clappies will be well advised to drop their fantasies of vast revenues from a 1500MW station.

[aimchimp] 09/7/2017 12:30

This company not the only one who suffering delays and wonder if they had a special arrangement too!http://www.mining.com/russian-state-corporation-suspends-1-2-billion-uranium-project-tanzania/"In July 2012, the UNESCO World Heritage Committee approved a special excision of proposed uranium mine site from the protected Selous Game Reserve, which was a part of the Reserve for a long time. This decision caused a wave of uproar among international wildlife protection community and other NGOs""As for the project, it has been on the advanced stage of development for some time now, with a key mining licence granted back in April 2013. The operator of the project, Uranium One, has current activities at Mkuju River focused on licensing and permitting matters, and value engineering opportunities to optimize the capital and operating costs for open-pit operation"But of course this nothing to do with the licence concerns and that they would have their under reviews also!

[aimchimp] 09/7/2017 12:26

Maybe this go some way to explain why environmental licence has STILL not been awarded as MCPP is located within a similar area of protectionism?http://www.ntnews.com.au/lifestyle/fishing/tanzania-dam-plans-at-world-heritage-site/news-story/8d5362fd538fc55a4c3b29ff53c647achttp://www.santafenewmexican.com/news/tanzania-dam-said-to-affect-world-heritage-site/article_1b9e6ad3-183d-5d1e-a67d-79aa14228c64.htmlhttp://www.coastweek.com/4027-Tanzania-to-develop-hydro-power-project-plan-in-Selous-game-reserve.htmWonder who has leaned on Magufuli ear and say perhaps not a good prospect?

[dudleym1975] 09/7/2017 10:39

Nice read. https://academic.oup.com/afraf/article/doi/10.1093/afraf/adx002/2991627/Competing-energy-narratives-in-Tanzania-towards?guestAccessKey=99ae5e3f-c51b-4ef2-aed5-b3afff8dd2ee

[rubberdolly] 09/7/2017 09:35

All it needs is a few clappers taking their holdings out as they become deeply concerned with a falling share price and the red flag will be waving for more fund raising.This is now critical with more delays encountered on the new structure in Tanzania.However according to SONIC the SML ESIA is arriving this week so we were told by the clapper.We shall see what becomes of his prediction.

[aimchimp] 09/7/2017 09:26

Cash and cash equivalents 31st December 2016 audited£382,339Source full year results 2016So I say again how much will the next monies placing be for and when? Directors of the company will not care at what price as long as the salaries are paid for, they can hold their hands up and blame Magufuli until the licences do or do not be issued until this is confirmed the company does not run on air and will need to raise monies. Many have already jumped ship because they can see what is coming.

[divmad] 09/7/2017 08:25

Total staff costs including Directors' fees in 2016: £709k. 2015: £809k.

Total staff employed including exec directors: 16 (both years).

Source: 2016 Annual Report p36.

Not much evidence of excess there oakville.