Kibo Energy Share Discussion Threads

[yaki] 05/10/2020 09:44

Ed,
the issue with KIBO is credibility, or lack of it.

We have heard way too many times that deal (SEPCO investment, PPA with Tanesco, SML etc etc) being just round the corner, and we never seen it.

I am not saying that it will never happen. Actually by laws of probability, even if you have skill ZERO, it should happen once. Hopefully soon.

But like the recent delays with KAT funding - THIRD or FOURTH - are not random but just shows how well the people running the show understand what they are doing!

Let's hope we get this lucky break soonish.

Edgein 5 Oct '20 - 08:27 - 4101 of 4103
0 3 0
Dozy,

Oh I know what the NPV is and I sure do know that loans when drawn down need repaid. That's rich coming from you when you thought that a creditor took ownership of a project, not unless its liquidated. Now then as to the NPV you suggested its about $130m from your creative writing. First Equity has suggested many times that for the three CTP projects. You still fail to answer which of the CTP projects are priced into our £4m market cap? Considering that KAT are also closing in on financial close and MED are due to list this Q. Also the terms of repayment have nothing to do with the repayment structure, as by the time of the repayment the upfront costs have already been covered. The example I gave on that was KEFI that have chosen the route of asset level dilution rather than group/company dilution. An option open to all miners including KIBO, but I thought you would have known that.

Also you don't know what up front costs KIBO has either as the terms of the upcoming EPC haven't been revealed yet either so your creative writing efforts are only useful to you. KIBO has huge coal assets and those can, as suggested, become revenue streams that is like all miners possible equity, sale of a portion at the asset level (none of their huge coal assets are priced in here either). None of the EPC contenders have equity level investments in any of the CTP projects as yet.

While you're here why not break down the market cap of KIBO and tell us which bit represents which asset and why they're over priced in your view dozy? Us holders have an entirely different outlook.

Penn, not sure if we'll need to wait 1-2 years there's lots of possible price triggers here in the near term now that they're making progress with the PPAs the EPC provider and closer to the funding of KAT. We've also to hear about the short term listing of MED and their first indirect power production.

Regards,
Ed.

[cl0ckw0rk0range] 05/10/2020 09:40

Intimating that the board are keeping market sensitive and materially significant information and not disclosing it to shareholders I think you will find is libellous.

[greatfull dead] 05/10/2020 08:58

Ed,

The sooner the better for me with the possible price triggers.

ATB,
GD

[edgein] 05/10/2020 08:27

Dozy,

Oh I know what the NPV is and I sure do know that loans when drawn down need repaid. That's rich coming from you when you thought that a creditor took ownership of a project, not unless its liquidated. Now then as to the NPV you suggested its about $130m from your creative writing. First Equity has suggested many times that for the three CTP projects. You still fail to answer which of the CTP projects are priced into our £4m market cap? Considering that KAT are also closing in on financial close and MED are due to list this Q. Also the terms of repayment have nothing to do with the repayment structure, as by the time of the repayment the upfront costs have already been covered. The example I gave on that was KEFI that have chosen the route of asset level dilution rather than group/company dilution. An option open to all miners including KIBO, but I thought you would have known that.

Also you don't know what up front costs KIBO has either as the terms of the upcoming EPC haven't been revealed yet either so your creative writing efforts are only useful to you. KIBO has huge coal assets and those can, as suggested, become revenue streams that is like all miners possible equity, sale of a portion at the asset level (none of their huge coal assets are priced in here either). None of the EPC contenders have equity level investments in any of the CTP projects as yet.

While you're here why not break down the market cap of KIBO and tell us which bit represents which asset and why they're over priced in your view dozy? Us holders have an entirely different outlook.

Penn, not sure if we'll need to wait 1-2 years there's lots of possible price triggers here in the near term now that they're making progress with the PPAs the EPC provider and closer to the funding of KAT. We've also to hear about the short term listing of MED and their first indirect power production.

Regards,
Ed.

[divmad] 05/10/2020 08:09

I don't think it's libellous at all. He is merely pointing out the lack of information about contracts in the public domain and the inability of investors to make a reasoned determination of their value to Kibo shares.

[cl0ckw0rk0range] 04/10/2020 10:29

John you want to be careful what you say on here, especially about Louis and the company, and especially when what you are saying is libellous.

[pennstreet] 03/10/2020 19:49

I mean in at most two years from now for KIBO to deliver, just to be clear

[pennstreet] 03/10/2020 19:00

Yes, I have held EUA for over 20 years. But a couple of years at most for KIBO. You heard it here first

[ekuuleus] 03/10/2020 18:16

That would be nice Penn. In EUA about what, 20 years? I don't think I'll last that long.

[pennstreet] 03/10/2020 17:03

And as CS is the common denominator, KIBO will see the same level of success as EUA. You heard it here first!

[pennstreet] 03/10/2020 16:35

The sinosteel contract is not relevant anymore. The loan was not drawn

[dozyduck] 03/10/2020 14:56

cj41 Edgein has apparently been investing in miners for yonks. Yet he doesn't understand what link an NPV has or hasn't with the shares of a project's 'sponsor' (Doesn't understand that term either it seems) And I didn't answer his attempt to cite EUA as a reason not to worry about Kibo's need for up-front financing. The fact that he would have noticed, if he'd learned anything about mining, is that EUA has never disclosed the full terms for repayment of Sinosteel's EPC contract for Monchetundra. Its not free as Edge seems to think,with the project loan being repaid in instalments and the rest almost certainly being repaid via an offtake agreement. That CS hasn't disclosed the full terms is in line with Kibo's serial non-disclosure of the full details of the economics and financing for any, I repeat any, of its 'projects. Those full details are necessary for investors to understand the implications for their shares' value. Guess why LC doesn't disclose them !

[cj41] 03/10/2020 14:55

Good for you.

[pennstreet] 03/10/2020 14:36

I have a lot of respect for Edgein. His posts are very considered

[tonytony4] 03/10/2020 13:35

Sells imo..

[cj41] 03/10/2020 13:22

Easy just ask Edgein. He/she knows everything. Probably be able to tell you who did the trade and what they had for breakfast too.

[pennstreet] 03/10/2020 11:49

The 25m and 13m trades - buys or sells?Just can't call it with KIBO

[divmad] 02/10/2020 18:44

My AIM miners are Kefi, Kibo, arcm, GGP, cnr, caml. The rest are biotechs.

[edgein] 02/10/2020 17:36

CJ,

Well it'll give you something to aspire to someday, in the mean time though you can keep on supping on your soy milk. I'm sure you'll keep on whinging on here too of course.

Yaki,

Well its up to 15 companies at a time so not always I recently trimmed off SOLO, so back to 13 current from 14 recently. I sold my EUA earlier this year too.

The others currently are ASX:CAI, BPC, COPL, CORA, EEE, EML, GRL, KEFI, KIBO, KRS, SAV, SRSP, UOG.

What do you hold other than KIBO?

Regards,
Ed.

[cj41] 02/10/2020 14:00

Do you have a problem getting your head through doorways? It must be a problem along with your acute attack of smugness. I do hope that life really is that straightforward and wonderful for you. Let's both hope that everyone at least aspires to achieve that same state of assured confidence that everything they do is as good as it can be and if it's not then it's not a problem.

[yaki] 02/10/2020 13:22

Ed,

do you mind sharing what are the 15 holdings, out of curiosity

Thanks

Edgein 2 Oct '20 - 12:28 - 4083 of 4083
0 0 0
Yaki,

Thanks I like it too.

Regards,
Ed.

[edgein] 02/10/2020 12:28

Yaki,

Thanks I like it too.

Regards,
Ed.

[yaki] 02/10/2020 10:07

Ed,

great strategy

Edgein 2 Oct '20 - 09:17 - 4080 of 4081
0 0 0
Tom,

Not necessarily that all comes down to strategy and timing as Yaki points out. I'm in holding millions and my average is marginally higher than the current share price. I'm not bitter or worried about these and my average on COPL is below 0.1p so I'm not bitter about those at all, just looking forward to first production as I bought those for appraisal/development drilling.

Here I don't care about what LC has or hasn't done over the last 10 years, that's largely irrelevant. I'm more interested in what assets they have now and what happens next. My focus these days are on companies that are oversold or developing assets, I have around 15 holdings at any one time and KIBO are far from the largest. I'm perfectly relaxed here, if it works it works, if it doesn't I have plenty of others. No point getting emotionally caught up in a share, sell up and move on. Many capitulators here have done just that. Doesn't mean that these deals won't complete though, according to yesterday's RNS here and the one on KAT this week too it sounds like progress is being made.

Regards,
Ed.

[edgein] 02/10/2020 09:22

As for delays and mining companies they happen as often as placings. The only mining company that I've held that's hit every deadline to date is CAI and that may be just because they've only been around a couple of years. Since I've been investing for over 35 years and still in the game I've held a fair share of mining and O&G companies.

Regards,
Ed.

[edgein] 02/10/2020 09:17

Tom,

Not necessarily that all comes down to strategy and timing as Yaki points out. I'm in holding millions and my average is marginally higher than the current share price. I'm not bitter or worried about these and my average on COPL is below 0.1p so I'm not bitter about those at all, just looking forward to first production as I bought those for appraisal/development drilling.

Here I don't care about what LC has or hasn't done over the last 10 years, that's largely irrelevant. I'm more interested in what assets they have now and what happens next. My focus these days are on companies that are oversold or developing assets, I have around 15 holdings at any one time and KIBO are far from the largest. I'm perfectly relaxed here, if it works it works, if it doesn't I have plenty of others. No point getting emotionally caught up in a share, sell up and move on. Many capitulators here have done just that. Doesn't mean that these deals won't complete though, according to yesterday's RNS here and the one on KAT this week too it sounds like progress is being made.

Regards,
Ed.