Kibo Energy Share Discussion Threads

[frankandbeans] 09/12/2021 16:22

Selling under again. That’s another couple of million dumped.

[frankandbeans] 09/12/2021 15:27

It’s not that strange a question really is it.

[yaki] 09/12/2021 15:17

Another lot of nonsense drivel from our resident guru. But this time he added another skills to his skillset - interpreting our Beans mucker's sayings

"...F&B means "what % of the 'revenues' that Mast puffs and the resultant profits, "

Lol


lurker5 9 Dec '21 - 15:05 - 6637 of 6637

Your ignorance about how these SPV's work isn't "strange" to us Yaki!
F&B means "what % of the 'revenues' that Mast puffs and the resultant profits, actually flows through (via the SPV's) to Mast shareholders ?". Whether Mast has 100% of the SPV is irrelevant until such time as the SPV pays off the loans used to buy (or lease) the generation kit. Doing the figures based on what we've been told, (ie relating them to the NPV's, IRR's, EBITDA, and 'revenues' we've been told) shows that won't be for another 9 or 10 years based on all the similar SPV's you can see on Companies House. What we don't know, is the expected revenue given the voltility in the market and the fact that Mast has a 'floor price' (and presumably guaranteed offtake) which if produces revenue larger than budgeted 'at the margin' will make a big difference to the cash flow which pays down the loans and therefore whether there is any surplus for the SPV shareholders. Based on the EBITDA Mast quotes, there won't be much over that 9 years. The true situation will be revealed when Mast produces its first accounts covering a representative operating period, (and more comprehensively when eg Pyebridge publishes its accounts on Companies House) which won't be for another 18 months at least. Meanwhile Mast will continue to pretend that the EBITDA it quotes is what Mast shareholders will see. They won't. Its only what the SPV will see, which is not the same thing.

[lurker5] 09/12/2021 15:05

Your ignorance about how these SPV's work isn't "strange" to us Yaki!
F&B means "what % of the 'revenues' that Mast puffs and the resultant profits, actually flows through (via the SPV's) to Mast shareholders ?". Whether Mast has 100% of the SPV is irrelevant until such time as the SPV pays off the loans used to buy (or lease) the generation kit. Doing the figures based on what we've been told, (ie relating them to the NPV's, IRR's, EBITDA, and 'revenues' we've been told) shows that won't be for another 9 or 10 years based on all the similar SPV's you can see on Companies House. What we don't know, is the expected revenue given the voltility in the market and the fact that Mast has a 'floor price' (and presumably guaranteed offtake) which if produces revenue larger than budgeted 'at the margin' will make a big difference to the cash flow which pays down the loans and therefore whether there is any surplus for the SPV shareholders. Based on the EBITDA Mast quotes, there won't be much over that 9 years. The true situation will be revealed when Mast produces its first accounts covering a representative operating period, (and more comprehensively when eg Pyebridge publishes its accounts on Companies House) which won't be for another 18 months at least. Meanwhile Mast will continue to pretend that the EBITDA it quotes is what Mast shareholders will see. They won't. Its only what the SPV will see, which is not the same thing.

[yaki] 09/12/2021 14:12

Strange question?

"... What % of the SPV did GBP2.5M buy"

Ofc 100%


Frankandbeans 9 Dec '21 - 13:18 - 6635 of 6635

“ Company just needs to get more comprehensive figures into the market and show revenues that are generated by Pyebridge, show how this will flow into Mast and we would be away. “

What % of the SPV did GBP2.5M buy and what % of revenues are due to KIBO?

Chuckle chuckle.

[frankandbeans] 09/12/2021 13:18

“ Company just needs to get more comprehensive figures into the market and show revenues that are generated by Pyebridge, show how this will flow into Mast and we would be away. “

What % of the SPV did GBP2.5M buy and what % of revenues are due to KIBO?

Chuckle chuckle.

[frankandbeans] 09/12/2021 13:04

You seem to be missing the point that the rest of the market hasn’t. I wonder if it’s intentional or are you really that naive?

It’s a rhetorical question.

[frankandbeans] 09/12/2021 10:01

You understand the concept of posting under a thread, rather than continually editing an existing post? Clearly not.

After spending ++£££ on proving up the coal resource for the MCPP, and after eventually being given the mining rights under individual separate licences instead of the one special licence in 2019, commercial mining has still not commenced and the “assets” of effectively the work they have done to date on the plots, is up for sale.

The thermal power plant appears to have been shelved, commercial mining for sale to domestic or export market would be the only viable alternative, but were this economically an option, they would have progressed with this, as had EDL for example… given they haven’t would suggest that it’s a bit of a “wit olifant”.

Oubliette.

[frankandbeans] 09/12/2021 08:56

How much do you think the coal assets are worth?

What do these coal “assets” actually comprise of?

What do they physically own in the form of a coal “asset” to be able to sell?

[lurker5] 08/12/2021 16:35

It was always amusing to watch LC's 'progress' down from bucket shop to 'one man and no dog' outfit to 'ditto' outfit (which then disappeared from the scene). But there's no accounting for whatever you want to call it. He'll find another one.

[frankandbeans] 08/12/2021 08:29

You make alot of assumptions based on very little known fact.

Another million out the door whilst we digress.

Oubliette.

[frankandbeans] 08/12/2021 06:36

I don’t have to edit my posts, you do retrospectively to suit your argument.

And I haven’t spoken with you of a dwindling shareholding here, do you have brain fog?

Chin-up.