Kibo Energy Share Discussion Threads

[cj41] 28/6/2022 16:34

KAT has lost 40% of its value in the last month and 70% in the last 3 months but it's just another day at the office for another LC company. Hardly worthy of any note. Que sera sera

[cj41] 28/6/2022 16:04

A 9% drop in most shares is usually considered a tank but with KIBO it's just another significant drop on top of all the others.

[cj41] 28/6/2022 16:02

What exit strategy? I don't have one. Do you? I will be here until the delisting as the remains of my investment (folly) are not worth worrying about. At what point are you going to exit? 0.05p, 0.5p? 0.5p after consolidation?

[cj41] 28/6/2022 15:39

Does 0.16 down to 0.105 in the last week or two count as tanked? I thought 3p was tanked, and 2p, 1p and 0.5p so surely 0.16p was already tanked but another 30%+ down from there surely must qualify?

[frankandbeans] 28/6/2022 15:00

CJ - guitars isn’t prepared to accept that they called this wrong and have lost all of their investment here, I’m sure she will keep averaging down and encourage others to do so up to and including the next placing, consolidation or suspension whichever comes first.

They are an absolute and total fool.

[cj41] 28/6/2022 14:34

If this hasn't tanked please let me know what does count as tanked.

[frankandbeans] 28/6/2022 12:48

Pretty obvious who has been selling down isn’t it?

How duplicitous.

[yaki] 28/6/2022 09:52

I had seen that, results as at 30/09/2020

Written down from costs to the sale price of 2.5m

This was a very good price and hence the sale took so long, as vendor wanted higher price but had exchanged contracts for 2.5m already.


lurker5 28 Jun '22 - 09:28 - 9645 of 9647

Yaki - Look up its predecessor co - Apex Energy - co no 09791395 Remember costs of these plants is now very substantially higher than Apex paid in 1997.

[cj41] 28/6/2022 09:31

I am awake thank you. I don't think the 'wake up' comment was needed.

[lurker5] 28/6/2022 09:28

Yaki - Look up its predecessor co - Apex Energy - co no 09791395 Remember costs of these plants is now very substantially higher than Apex paid in 1997.

[lurker5] 28/6/2022 09:26

Ps Hybridan note ! On Research Tree but has the nerve to expect payment to read ! (Kibo of course already having paid Hybridan to produce it) And strange to relate - not to be found on Hybridans own web site ! - Headline says it all ! "Impairments clear the way to drive returns from expanding sustainable energy portfolo" !!! Well if you believe that, and overlook how is Kibo going to fund its share ? And how many zillions more shares to do so ! - And what a coincidence Kibo needs mega cash very soon ! I'm not going to bother to read, let alone pay to !

[yaki] 28/6/2022 09:22

lurker5

Nothing filed under Pyebridge since 26 Jan, ie 5 months ago.

Where do you see the losses etc?


lurker5 28 Jun '22 - 09:08 - 9642 of 9642

Balance sheet shows dire need for immediate cash. 6 months ago £2.1m cash was 100% offset by current liabilities. Rest of 'assets' are coal, Mast, and Katoro stakes. ie £3.5m shares impossible to sell for near that, and £5.5m coal any buyers will know they have Kibo over a barrel. Conv loan next week. How LC thinks he can fund other projects is a mystery wrapped up in the conundrum that is his mind. New chairman impossible to find unless 1) an idiot or 2) will start immediate blitz to distraess sell the three remaining possibles and exit all LC's wheezes, or find another co to buy Kibo outright for about £5m - ie 0.15p per share.
Separately, Pyebridge history now on Companies House confirms 1) has been bought very cheaply because plant and machinery was drastically impaired (why ?) and after large operating losses. and 2) that capital employed in these peakers will be much more than shown and therefore - as warned but disbelieved - much of their 'ggross revenues' touted by LC will go to repay lenders and won't be (as he hoped mugs would think) available to Mast itself.

[lurker5] 28/6/2022 09:08

Balance sheet shows dire need for immediate cash. 6 months ago £2.1m cash was 100% offset by current liabilities. Rest of 'assets' are coal, Mast, and Katoro stakes. ie £3.5m shares impossible to sell for near that, and £5.5m coal any buyers will know they have Kibo over a barrel. Conv loan next week. How LC thinks he can fund other projects is a mystery wrapped up in the conundrum that is his mind. New chairman impossible to find unless 1) an idiot or 2) will start immediate blitz to distraess sell the three remaining possibles and exit all LC's wheezes, or find another co to buy Kibo outright for about £5m - ie 0.15p per share.
Separately, Pyebridge history now on Companies House confirms 1) has been bought very cheaply because plant and machinery was drastically impaired (why ?) and after large operating losses. and 2) that capital employed in these peakers will be much more than shown and therefore - as warned but disbelieved - much of their 'ggross revenues' touted by LC will go to repay lenders and won't be (as he hoped mugs would think) available to Mast itself.

[frankandbeans] 28/6/2022 09:07

CJ nobody wants the coal.

It’s just a few licences and assays.

Nowhere near a port so export is out.

Domestic market not financially viable.

Plenty of coal in Africa.

Wake up.

[cj41] 28/6/2022 08:26

Lost a third of its value in a couple of weeks since coming out of suspension. KIBO itself now seen as absolutely worthless with current management. Only hope is that we can flog off the coal assets for a couple of million and exit with an share price of maybe 0.2p.

[frankandbeans] 27/6/2022 21:06

Grim. Really grim.

Nice how they release this after trading as well.

Tomorrow this will tank as everyone bolts for the exit, before they lose it all.

Strong buy. PMSL.

Overview

Financial results (includes the consolidated results of MAST Energy Developments Plc)

-- Total revenues GBP3,245 (2020: GBP nil);
-- Operating loss GBP 24,071,363 (2020: GBP 6,473,547 loss);
-- Loss after tax for the year ended December 2021 GBP23,015,857 (December 2020: GBP6,142,932 loss) includes:

-- GBP891,375 loss from the consolidated results of Katoro Gold Plc ("Katoro"), which is separately funded;

-- GBP1,079,083 loss from the consolidated results of Mast Energy Developments Plc ("MED"), which is separately funded;

-- GBP20,705,209 impairment loss on Mbeya Coal to Power and Mabesekwa Coal to Power projects as a result of the continuing global shift to move toward renewable energy and disregard fossil fuel assets, coupled with the Group's execution of its renewable energy strategy during the 2021 financial period;

-- Administrative expenditure decreased to GBP2,325,750 in the year ended December 2021 (December 2020: GBP3,393,687);

[nigelpm] 27/6/2022 17:21

Horrible write off but we are now at 3.2m market cap so looking forward if can get some projects moving who knows. Total punt at this stage though.