Kibo Energy Share Discussion Threads

[dpr1881] 30/6/2023 08:12

@cj41 The only dose of reality comes in the director's going concern statement

[cj41] 29/6/2023 20:42

What is impossible to reconcile is that LC is being paid to produce those results. It's ridiculous.

[dpr1881] 29/6/2023 20:09

another year another truly shameful set of results.

[yaki] 29/6/2023 10:31

lurker5
there was news that said they put BGO deal on hold. I will try to find and post


lurker5 29 Jun '23 - 10:27 - 8115 of 8115

More re Blyvoor. This is currently on PAF's web site
"At the end of 2021, Pan African Resources announced the conditional acquisition of the Blyvoor Gold Tailings Storage Facilities (TSFs) – one of the last remaining large-scale gold tailings resources in South Africa.
Since then, independent consultants have conducted a fatal flaw assessment and gap analysis as part of the initial due diligence. These were completed in April 2022. The Definite Feasibility Study is expected to be finalised in December 2022.
This acquisition has the potential of further building on the Group’s track record of successfully bringing tailings retreatment operations to fruition."

No date for the above, but no mention of Blyvoor in 2022 report.

[lurker5] 29/6/2023 10:27

More re Blyvoor. This is currently on PAF's web site
"At the end of 2021, Pan African Resources announced the conditional acquisition of the Blyvoor Gold Tailings Storage Facilities (TSFs) – one of the last remaining large-scale gold tailings resources in South Africa.
Since then, independent consultants have conducted a fatal flaw assessment and gap analysis as part of the initial due diligence. These were completed in April 2022. The Definite Feasibility Study is expected to be finalised in December 2022.
This acquisition has the potential of further building on the Group’s track record of successfully bringing tailings retreatment operations to fruition."

No date for the above, but only mention of Blyvoor in 2022 report.(c Oct 2022) is

"Shareholders are referred to the announcement of 15 December 2021 3 containing the proposed transaction details to acquire Blyvoor Gold Operations Proprietary Limited’s (Blyvoor)
historical TSFs.
The Group, together with independent consultants, is in the process of finalising a fatal flaw assessment and gap analysis as part of the initial due diligence and has extended the period for completion. Pan African may then, following the completion of the assessments, at its sole discretion, elect to acquire Blyvoor for a cash consideration of ZAR110 million which is to be funded from internal cash resources."

[lurker5] 29/6/2023 08:11

Hold on. What's this ? (Have I missed it)

"While the planned listing and IPO for the Blyvoor gold tailings joint venture was delayed, Katoro is actively seeking funding options for its development"

'delayed' ? Or does LC think it's still on ?

I see the Kat latest report and accounts says 'status' of Bylvoor 'remains unchanged' - from what ? Has he ever officially reported to shareholders that it has had to be abandoned to Peter Skeat's claim on it ? -( he has died recently) - Last news on Blyvoor was that Pan African Resources has added it to its tailings business - except there is no mention of it in PAF's latest reports.

bearing in mind it was (to be) the only potentially significant part of Kat and an investor fund raising was made specifically for it I would have thought LC should say clearly and PDQ exactly what the situation is now

[lurker5] 29/6/2023 07:24

Annual Report. Yet more impairments - surprise surprise ! ESpecially Bordersley. Yet no plan to recoup the Bordersley 'payment' to the Anderton-on-Vaal Chuckle Brothers made fraudulently via the MAST flotation.
And how convenient that the disasters are referred to by LC as 'separately funded' - as if 'Nothing to do wiv Me Guv' ! ( only Funded by mugs induced by yet other fraudulent (OK reckless) LC promises)

[yaki] 26/6/2023 07:39

works fine on my Android phone and my Windows laptop

lurker5 24 Jun '23 - 09:15 - 8111 of 8111

Kibo's latest web site is unreadable (on my computer screen anyway) Has anyone told them ? (any 'contact' is also unreadable !)

[lurker5] 24/6/2023 09:15

Kibo's latest web site is unreadable (on my computer screen anyway) Has anyone told them ? (any 'contact' is also unreadable !)

[yaki] 24/6/2023 08:51

DPR1881

The guy never delivered anything aparently, see LinkedIn interaction on it and also his profile.

Another less mouth to feed for Kibo, so must be positive, in my view.

Also BoDs down from 7 to 3, another small saving.


DPR1881 24 Jun '23 - 08:12 - 8108 of 8109

@Yaki I am sorry to say but that's not a good sign.

[lurker5] 24/6/2023 08:30

from LinkedIn

Is this the same Peter Oldacre ? Seems a bit of a gadfly.

"Executive Committee, Independent Business Development in Renewable energy and energy storage.

Self-employed

Mar 2023 - Present4 months

Vienna, Austria

Working across Europe, Africa and Australia, am independently responsible for the development, management and execution of specific projects for key organizations in order to implement critical project development phases. Operationalizing project development strategy in a complex environment, with many moving parts, making sense in complicated commercial environments at the deal level and executing on renewable energy and green infrastructure technology. Deal origination, through development into financial close and completion of construction."

[dpr1881] 24/6/2023 08:12

@Yaki I am sorry to say but that's not a good sign.

[yaki] 23/6/2023 14:43

Interesting timeline - took 2 months to join and then leave Kibo?!?
March

We’re pleased to welcome Peter Oldacre as a Group Business Development Executive at Kibo. Peter’s impressive credentials & wealth of expertise in renewable energy & BESS will further strengthen successful delivery of our corporate strategy. Read more here: hxxps://lnkd.in/efzg6Xwq #renewableenergy #businessdevelopment

May

Christopher Jackson
CEO and Founder at Protium Green SolutionsCEO and Founder at Protium Green Solutions

Really excited to announce our new Chief Commercial Officer Peter Oldacre has officially joined the team!

[cj41] 22/6/2023 16:14

There is no way I could possibly consider LC a decent guy. For at least the last 3-4 years his and the BOD's treatment of PIs has been atrocious. KIBO, imo, has never been run with shareholders in mind. It is a lifestyle company and has been so for either a very long time or possibly day 1. Some of the stories that have been put out in the RNSs over the years now seem laughable given where we are and they were not even plausible at the time. E.g. 'sitting outside the minister's door awaiting....', 'it's when not if' etc etc etc. I/we have been taken to the cleaners. I am embarrassed as well as a poorer as a result of LC's actions. I don't think he can claim the same. All IMO.

[yaki] 22/6/2023 09:16

Destruction of value borders on criminal.

I have known LC for 10 years and so and I thought he was a decent guy but anyone with a shred of decency should have stood down rather than destroy even more value just to keep his salary going.

Utter disgrace!

DPR1881 22 Jun '23 - 08:28 - 8103 of 8104

The distruction of the Kibo Energy Plc shareholder value has been a thundering disgrace. I am amazed the Board have the audacity to remain in situ.

[dpr1881] 22/6/2023 08:28

The distruction of the Kibo Energy Plc shareholder value has been a thundering disgrace. I am amazed the Board have the audacity to remain in situ.

[tomboyb] 20/6/2023 15:34

Will follow TRP in share price at this rate -

[lurker5] 20/6/2023 15:21

The first half of that was in Sarth Efrica - so who knows what it was and why he left to chance his (and everyone else's) arm here

[catchingmice] 20/6/2023 14:45

Louis Coetzee has 27 years' experience in business development, promotion and financing in both the public and private sector.Absolutely laughable and i hope one day he faces Trial

[cj41] 20/6/2023 13:35

Nothing surprises me any more

[yaki] 20/6/2023 08:10

Btw, anyone has any idea how Riverfort who must be insiders as putting together the Mast deal, are allowed to trade in Kibo shares, while in possession of material information to do with Kibo 50%+ subsidary?

Bonkers, and utter disgrace - if is the case!

[dpr1881] 20/6/2023 07:24

As we await a cracking set of results from Kibo I thought I would share a quotation.

"Never argue with stupid people. They will drag you down to their level and beat you with experience." - Mark Twain