Kibo Energy Share Discussion Threads

[woolybadger62] 28/6/2019 17:04

Crazy mcap for this lifestyle company

[yaki] 28/6/2019 15:52

why would someone join the ADVFN, and start deramping KIBO from day 1, until now, day 3


Woolybadger62 28 Jun '19 - 15:27 - 1611 of 1611
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There are no fundamentals here just ludicrous valuations and cash burn

The Rns repeated itself 5 times about 5.25p

Shows the desperation of this man

[woolybadger62] 28/6/2019 15:27

There are no fundamentals here just ludicrous valuations and cash burn The Rns repeated itself 5 times about 5.25pShows the desperation of this man

[yaki] 28/6/2019 15:24

lurker

will depend on the fundamentals. Selling off some bit for cash, or permits appearing(shall I mention SML or not, let's not) etc etc, can justify a few more p's on the share price

Also, why would someone join the ADVFN, and start deramping KIBO from day 1, until now, day 3.
Don't you think it is an agenda driven attempt?

lurker5 28 Jun '19 - 15:16 - 1609 of 1609
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dave - we're not deramping. We're spelling out the facts - as you would confirm if able to understand the R&A. The herd can rush in as much as they like. The smell of burnt lemmings will get all the stronger

[lurker5] 28/6/2019 15:16

dave - we're not deramping. We're spelling out the facts - as you would confirm if able to understand the R&A. The herd can rush in as much as they like. The smell of burnt lemmings will get all the stronger

[yaki] 28/6/2019 14:58

Woolybadger62

How is you day 3 (THREE) on ADVFN going? I see you are learning fast, not sure the right stuff, hey - let's not be picky

Woolybadger62 28 Jun '19 - 14:43 - 1606 of 1607
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Yaki you are deluded

[dave4545] 28/6/2019 14:50

Careful derampers mm's want 1.14p now, a few buys and the herd will be rushing back in for another trade

[woolybadger62] 28/6/2019 14:43

Yaki you are deluded

[yaki] 28/6/2019 14:42

Re SML, based on what you are saying, poor Mining Minister is as clueless as me then

hxxps://www.thecitizen.co.tz/news/1840340-5092204-8ak93v/index.html

The poor guy expects the three SMLs to be issued soon and so they can invest min 100m each SOON,

Chimp, I will ask him to speak to you next time, before he makes such speculative comments!
What would the world do without you!



AIMChimp 28 Jun '19 - 14:27 - 1604 of 1604
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Yes I am fine more of the speculation that you put out there as fact when it just made up speculative and opinion like when the SML is coming any day now isn’t it complet’s misleading.

[aimchimp] 28/6/2019 14:27

Yes I am fine more of the speculation that you put out there as fact when it just made up speculative and opinion like when the SML is coming any day now isn't it complet's misleading.

[yaki] 28/6/2019 13:05

From the AR on MED: - Potential revenue generation from Q4 2019?!?

For Bordersley they said q1 2020, so it is this for the 20mw site?!?

Current Status:
• Foothold established in the developing UK Reserve Power Market with options to acquire
eight peaking power plant sites (plants that run only when there is high electricity demand)
totalling 57 MW from prospective developers
• Negotiations on Joint Development Agreements in progress on three sites totalling 31 MW
• Potential revenue generation from Q4 2019

And
To date, it has acquired an exclusive option to evaluate and negotiate on the
acquisition of three peaking power sites with total output capacity of 31.3 MW of which it is
now completing Joint Development Agreements on two of these (total capacity 25.2 MW). The
first of these is expected to come on stream during 2019.

[yaki] 28/6/2019 12:43

Chimp, you are OK?
Not sure what speculation you refer to. It is all research, my friend. Unlike your usual baseless drivel


AIMChimp 28 Jun '19 - 12:40 - 1599 of 1601
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UKN it a free board for discussion you cannot manage peoples views and opinion

AIMChimp 28 Jun '19 - 12:41 - 1600 of 1601
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More speculative again with no foundation YAKI did your men on the ground tell you that?

[yaki] 28/6/2019 12:41

lurker
on BEnga:
In order to maintain its initial participation interest Kibo is required to ensure funding of a maximum amount of £1 million towards the completion of a Definitive Feasibility Study, however this expenditure is still discretionary.

My reading of it, is that to maintain the 65% interest, less and up to 1mln needs spending. But the expenditure is discretionary. At whose discretion - Both parties to the contract, Kibo, Benga?

Definitely not clear

[aimchimp] 28/6/2019 12:41

More speculative again with no foundation YAKI did your men on the ground tell you that?

[aimchimp] 28/6/2019 12:40

UKN it a free board for discussion you cannot manage peoples views and opinion

[lurker5] 28/6/2019 11:59

UKN - Exactly. I didn't speculate what method Kibo will use. Thy don't all involve changing the par value. I was merely stating the outcome for shareholders.

Yaki and all re Benga DFS. If Kibo had already paid its £1m, it wouldn't have needed to state that it's discretionary. It may be the auditors insisted on it, otherwise the extra £1m liability / committment might have warranted a 'going concern' comment.
At base, it seems distinctly possible that Kibo might not be able to meet its obligation and will sustain a cut to its Benga shareholding.

(I notice that Benga was not a 'key audit matter' - maybe too small !)

[yaki] 28/6/2019 11:49

lurker

Being a UK energy infrastructure project, I can see it flogged to a specialist asset manager/player, at the right price. Once developed.

That can release a few pounds and fund KIBO for 1-2 years, dilution free.

[uknighted] 28/6/2019 11:18

AimChimp wash your mouth out. By the way, my posts were addressed to Lurker the organ grinder not his monkey!

[uknighted] 28/6/2019 11:17

Lurker I suspect you thought consolidating shares didn’t alter the nominal/par value. Simply consolidating the shares does not mean that they will re-rate, often the share price falls IMO.

[lurker5] 28/6/2019 10:30

UKN - Don't understand your logic. What is wrong with what I said ?

[uknighted] 28/6/2019 10:23

Lurker post 1584. You were wrong with your previous post and 1584 is a sad attempt to justify your error!

[yaki] 28/6/2019 10:13

UKN/Lurker
When shares are consolidated, the par is increased by the consolidation rate by issuing deferred shares which are just an accounting trick.

Say 10:1 consol happens, every 10 shares are swapped for 1 ordinary at 10x par value and 9 deferred shares which are worth nothing, pretty much. Not lawyer/accountant, so no idea why is it done that way

Re Benga, as majority of spending happened this year, don't see why you expect to see any spending in the accounts. Also maybe some of the spending in the accounts to end of 2018 is to do with Benga?

[lurker5] 28/6/2019 10:12

PS Yaki re Med. I think the only hope for Kibo shareholders not to be diluted by subsequent raisings to fund Moz and Bots (or MCPP) is some sort of restructuring of the ownership of Med and its projects. If Kibo spun them off to shareholders, it would be about the most sensible corporate decision he's ever made. But unfortunately he needs the cash for Kibo ! All the result of his muddled strategy to grab too many early stage projects, before even the first has contributed to keeping the share price healthy.

[lurker5] 28/6/2019 10:06

UKN They can use various means, but the end result is a smaller no of shares in issue, that the market (hopefully) will revalue at a higher price (than the original par) so that market cap remains the same and shareholders keep the same value. But it doesn't always turn out like that, especially if seen to be a desperate measure, as was the last consolidation in 2013, after which the shares tanked. (LC didn't admit in the letter he sent shareholders that the consolidation became necessary after the original Muzuri shareholders mostly sold out !)

Re Benga. It was a condition of the acquisition that Kibo contributed £1m to the DFS in order to keep 65%. If the DFS has been done, and Kibo hasn't yet paid its £1m (no evidence in the accounts that it has) its share will be reduced - but we don't know by how much, or whether Kibo has to pay by a deadline.