Kibo Energy Share Discussion Threads

[frankandbeans] 01/7/2022 10:09

Comments “cluelessly221; from the sidelines is it?

When in actual fact have predicted quite reasonably how this has panned out, and not lost my shirt in the process.

Whereas this that have been “topping up” all the way down from 8p have called it wrong at every juncture and lost a bucket load of cash in the process.

Who’s actually clueless I wonder. PMSL.

[lurker5] 01/7/2022 10:04

THis in the just published report and accounts

"While disappointing, Blyvoor remains a substantial gold asset, especially in light of the current gold price upsurge,with a clear path to commercial development clearly indicated, Katoro continues to explore funding options to enable it to construct a mine and put Blyvoor into production as soon as possible"

Really ? Does the nomad check its clients' reports and accounts ? Seems yet another cigar while it doesn't.

[guitars4stars] 01/7/2022 09:46

Commentator Frankie commentates cluelessly from the sidelines how relevant & useful PMSL

[frankandbeans] 01/7/2022 09:36

Well seeing as you get all excited on buys of a few thousand - as they are yours that you are trying to pump? - I thought for balance I would highlight the sells.

What’s the value of the 3 or 4 20 odd million worked sells that have gone through over the last few sessions?

Don’t want to mention this do you? Get a bit aggressive and full of bluster when they are? Is it because they are yours?

[lurker5] 01/7/2022 09:26

Mr Best - Pyebridge's history on companies house under previous owner shows it cost £5.2m in 2017 - financed by £2.5m equity and borrowings of at least £0.6m. It clocked up £5.3m of operating losses and impairments up to Masts' acquisition and appears now to have been refinanced with an additional mortgage and another £2.5m equity injection (maybe by the previous owner) - its net asets on acquisition were only £1.7m, for which Mast paid £2.5m (the original nominal capital) So up to now Pyebridge appears to have been a crashing disaster, bought cheaply, and one sssumes Mast thinks it can turn it around. As a micro-entity the accounts are very sketchy but show clearly the real cost of these peakers and that they need to be financed with loans of some sort. Will set out my analysis in full when I can It may turn out irrelevant once the whole house of cards comes crashing down.

[frankandbeans] 01/7/2022 09:03

Sellers back again today looks like it’s going under.

[frankandbeans] 01/7/2022 09:02

The consolidation proposed would likely result in an immediate fundraise and dilution from there.

Whilst stale bulls and those already in and underwater are now trying to justify a consolidation as a positive, the only ones to benefit from this would be those taking part in the placing that would be able to forward sell placing stock to mugs.

Though it looks as though they are fresh out of new projects to encourage buyers.

LTH just want out and that’s evident from
The worked stock that’s been dumped in the millions over the past sessions.

Caveat emptor.

[frankandbeans] 30/6/2022 22:38

The director CLN are still outstanding and can be converted at any time, they owe however much they have drawn down to date from the loan facility ( GBP1M was the initial drawdown amount available ) plus of course they blew a goodly sum on the due diligence of brownstain.

Suspect loans will be called in soon and a large placing is in the works.

It’s very bad form to try and ramp the projects you mention, that actually seem dead in the water.

Sounds a bit boiler room esque if you do that.

[frankandbeans] 30/6/2022 08:48

Yes I’m aware when they were released, that wasn’t really my point.

[lurker5] 30/6/2022 08:46

Accounts were out a few days ago. I commented on them Tuesday 28th am

[yaki] 29/6/2022 21:37

Me old beans,
accounts were due by end of June, ie tomorrow! Lol

Next ones in 3 months time

Any other questions I can help with?
Frankandbeans 29 Jun '22 - 21:09 - 9681 of 9681

Yaki I would be more concerned about a suspension and delisting.

When were the accounts due in?

[frankandbeans] 29/6/2022 21:09

Yaki I would be more concerned about a suspension and delisting.

When were the accounts due in?

[lurker5] 29/6/2022 17:14

MAST has no chance of raising that £2.5m.

[yaki] 29/6/2022 16:20

cj41
Like anything in the market, is possible!

Interesting that this is heading towards the 2.5m owed by MAST to Kibo and is now less than the NAV of listed assets of Kibo - which is c3.5m

On the positive side, Kibo can't place below 0.1c level, so we are nearly there


cj41 29 Jun '22 - 15:51 - 9678 of 9678
0 0 0
Next stop 0.09. No reason why not.

[cj41] 29/6/2022 15:51

Next stop 0.09. No reason why not.