Kibo Energy Share Discussion Threads

[plentymorefish] 06/4/2023 17:09

Snuck that out after the market closed & just as the 4 day BH weekend begins……

[dafad] 06/4/2023 17:04

TIDMKIBO

RNS Number : 6826V

Kibo Energy PLC

06 April 2023

Kibo Energy PLC (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

LEI Code: 635400WTCRIZB6TVGZ23

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

('Kibo' or 'the Company')

Dated: 06 April 2023

Kibo Energy PLC ('Kibo' or the 'Company')

Kibo Project Update

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable-energy-focused development company, is pleased to provide an operational update in follow-up to a Company RNS dated 1 February 2023.

Portfolio

The Kibo Group strategy, as previously announced in a Company RNS dated 19 April 2021, is focused on developing, owning and operating sustainable energy solutions that can immediately and progressively address the acute energy challenges in sub-Saharan Africa, the United Kingdom and Ireland.

The table below indicates the status of Kibo's Project Portfolio at present. Timelines beyond Q1 2023 remain as advised on 1 February 2023 and the Company will advise should these change in light of the below. This does not include opportunities that are currently the subject of advanced due diligence and commercial consideration.




                                

[dpr1881] 06/4/2023 16:54

@Lurker5 You are right that I dont have full detail on the underlying projects but to the extent they are being acquired from Eqtec I take comfort from the fact they know what they are doing even if I sometimes doubt others. The brokers will do a great level of DD this time round, trust me!!.

Waste to energy is a hot sector and I have seen such plants in action (most recently in Bermuda where a single plant generates 15% of the Island's power). I am confident the USE IPO will happen despite.... when it does the Kibo share price will move up accordingly. Particularly if we are right about corporate governance matters and the FCA!

[lurker5] 06/4/2023 16:42

DPR You don't know how sound their track record is. LC's (un)information usually (always) consists of cherry picked bits of some 'performance' record or forecast or NPV. Always without a full context or key metrics without which it means nothing and is actually misleading (except to the inxperienced who believed the cherry picked bits of all those previous blurbs) He may also roll out 'broker' reports which, similarly, neglect to descrbe the full picture - as did(n't) WH Ireland and Clear Capital for MAST (Ireland has seen the error of its ways and withdrawn its 'research'. CC doesn't understand how erroneous were its own ways) LC has already tried to roll out that most notorious of incompetent 'researchers' CFA, of EUA notoriety. If he tries to use them again, my point will have been proved 100%.You must realise that these 'projects' need major financing, and it is in that regard- and the extent to which its shareholders are at risk from mega dilution - that LC never tells the truth - which is why Kibo One was brought to its knees. I can't see that USE will be any different. (Unless someone totally new and untainted by LC and co, and an engineer and not a 'lawyer' and therefore will tell the whole financial truth as well as manage the project takes full control. Unlikely to find one however.

[dpr1881] 06/4/2023 15:10

@Lurker5 I have no doubt there are some corporate governance issues being discussed and that the FCA might well be reviewing a historical fact pattern of Mast & Katoro. Whilst all of that might cause a delay it is actually a positive since it won't actually prevent the IPO of USE as the projects are sound its just the track record of deliver by Kibo management that I have an issue with. All of this will ensure that board is strong and independent, unlike the boards of other companies I could mention! If I am right then Kibo actually looks undervalued in my opinion.

[lurker5] 06/4/2023 13:15

USE undoubtedly being held up by the FCA after the misinformation supplied for Kat and MAST (as well as for Mbeya before). If LC was counting on getting USE away with the same level of (un)information, they will block it.

[dpr1881] 06/4/2023 11:30

The irony of all this is there was supposed to be some good news in quarter 1 which would have had a significant impact on the share price i.e. 1) The IPO of Ultimate Sustainable Energy Plc 2) The long long anticipated financial close on Bordesley.
My sense is that both the events will still happen, despite the appalling management delivery track record at Kibo / Mast. In the case of the USE IPO this might end being quarter 3. This should see the share price to rebound towards the 0.2p - 0.25p range, in my honest opinion, whether that will be sustained in the medium term is a different question entirely. By the way where is frankandbeans these days??

[sirianbotham] 05/4/2023 19:02

I don't think he's ever looked himself in the mirror .... If he did he'd find they aren't many people stood behind him.

[uknighted] 05/4/2023 18:57

I wonder what Coetzee sees when he looks in the mirror?

[yaki] 05/4/2023 12:16

Typical Kibo - 3.5m bought and 2.6m sold and down 7%.

Usual players starting their silly games, all with the BoDs either not aware/care or worse

[plentymorefish] 29/3/2023 12:40

Could be morse code……

[sirianbotham] 29/3/2023 09:34

Do you only post in micro dots

[catchingmice] 16/3/2023 15:19

End of the road for the Bandit and that's all LC is and always has beenThis Company is pretty close to even exist much longerLC should be Locked away for what he has done to this Company

[lurker5] 10/3/2023 12:56

'Remember Remamber' - (the eyewatering NPV's LC used to trumpet for those coal projects of yesteryear which he deliberately didn't explain were nothing to do with whatever (much smaller) value would eventually, with any luck, flow through to shareholders) - or, another way of putting it - that the stated NPV's only belonged to the project in which Kibo might end up having a share, and didn't ever belong to kibo itself. As good an example of fraudulent pretence as one can find. But that fraudulent spin is still bamboozling some wide-eyed hopefuls, on Mast particularly

[sirianbotham] 10/3/2023 11:09

He can have LCs salary and LC can resign. Cost neutral.

[plentymorefish] 10/3/2023 10:52

I wonder how much this new chap will be paid……and importantly, from what source as kibo don’t appear to have the reddies……;