Kibo Energy Share Discussion Threads

[tomboyb] 07/6/2024 06:10

Placing at 0.0015p -

Steep discount -

[bibdaddy] 07/6/2024 06:07

Restructuring done and LC gone.Seems as though some decent experience coming on board

[ken chung] 12/4/2024 18:03

Going down.Lemmings and mushrooms only.

[vaston] 08/2/2024 10:09

SYME IS NOW READY TO FLY

[catchingmice] 08/2/2024 10:01

Surely this cannot survive much longerI think LC needs to put everyone out of their misery, and at the same time someone should put his lights out for goodHe's destroyed everything and should pay the price

[cj41] 05/2/2024 15:25

Great business model here. Just flog off anything of value to continue paying salaries. Stupendous.

[lurker5] 16/1/2024 17:40

I see you can 'BUY' - what a cheek - so-called 'RESEARCH' on Kibo via Research Tree ! Don't bother. the broker has got Kibo wrong - very wrong - consistently for nearly ten years. Showed no understanding of the implications for shareholders of its 'projects'' appetite for their funds and resultant poisonous share dilution, which will be even more toxic from now on. So this is a early 'puff and place' warning.
'Research' probably doesn't disuss the only viable option which is for Louis to sell off its undeveloped schemes and return whatever cash to shareholders. And then retire disgracefully.

[lurker5] 11/1/2024 12:35

Daer oh Dear (How many times have I had to use that phrase here !) - 4.3 billion shares (and many more to come) - against only 350 million when all were excited about Louis' 'global energy ambitions'. Riverfort merely adding to its own disastrous judgements. - Louis taking all down with his sinking ships. Material for a blockbuster.

[yaki] 11/1/2024 10:38

It must be getting embarrassing for Riverfort too. Their reputation and 1m is on the line!

I am sure it will be in their interest to have a competent team to run Kibo?!? As they can make more money!

[yaki] 11/1/2024 10:37

Based on recent trading more like 0.034p ish

But yes, what a sxxxty deal.
Kibo BoD should be ASHAMED and RESIGN!

[sleveen] 11/1/2024 08:32

What'll be the price of the next conversion?

[bibdaddy] 08/1/2024 07:58

Embarrassing RNS

[cj41] 12/12/2023 17:29

There appears to be a final acceptance that KIBO and its other failures are about to go 100% down the pan. It will at least allow everyone to move on and let the memory of all this rubbish fade over time. I will be glad when we get to the point where no more salaries can be paid for persistent non delivery.

[wapper] 11/12/2023 08:11

MAST up over 40% on today's news. Come on KIBO

[lurker5] 29/11/2023 11:44

The crew are still down in the crocked engine room trying to stem the sea of creditors cascading through the holes in the hull, but preparing their own lifeboat stocked with what remains of what was looted from investors, who are locked in steerage or lashed to the MAST.

[slamdingo] 29/11/2023 10:54

I thought I'd put an end to the silence on this thread, nothing but tumbleweeds! Does anyone have even a quantum of optimism for this croc or is it just a small boat aimlessly wandering the oceans....and the crew are all missing?

[lurker5] 26/10/2023 08:03

Selling down Mast stake below 50%
Not sure if this now means Mast will be deconsolidated from Kibo's accounts(ie won't be able to pretend Mast's finances are its own) . But with management control even below 50% it probably will still be considerd a controlled subsidiary and not an associate. It's important for governance and the way Kibo will present its finances. But the forced sale speaks for itself about Kibo's own dire situation.
PS. If selling Mast down any further doesn't affect the subsidiary/Associate situation, Kibo might be selling more. It's selling now, obviously because creditors are pressing and threatening bankruptcy.

[lurker5] 06/10/2023 08:21

Be careful. circa £300,000 in the context of Kibo's £142,000 monthly cash burn (excluding Mast's)- ie over £400,000 up in smoke since end June when Kibo (excl Mast) was c £2.9m in the red - won't go vary far. And Kibo's 35% of Mabesaweka (Botswana coal resource) is 294 M tonnes whereas Rukwa (Mbeya) is only 110 M tonnes. With Kibo and Mast such a toxic, entangled, mess, it's essential to look at their respective balance sheets. Then you'll see how likely is bankruptcy and, if not, why an enormous cash injection is required. That's because any cash into Mast (not enough as it is to fund any more projects) can't be used to bail out Kibo, and if 'lent' to Kibo, won't be available for any Mast projects. As I say. Look at both balance sheets and the small print and you'll understand why its sensible to avoid both companies.

[sirianbotham] 06/10/2023 07:45

Particularly impressive this last one as he gad to negotiate with himself.

[robinhoo1] 06/10/2023 07:09

Kibo's financial position has seemingly improved over the last few days, so it should now have a stronger hand when negotiating the proposed sale of its Tanzanian coal assets. Hopefully this will translate into a selling price which will make shareholders beam fron ear to ear. Dyor. Gla

[dead duck resources] 05/10/2023 21:52

Kibo converted a shareholder loan of £469k into MED shares at 1.482p (worth £316k at the current bid price of 1.0p), for a book value loss of -£153k. Louis Coetzee said: "We're pleased to announce a partial settlement on favourable terms to both parties"

You wait ages for LC to deliver value then 2 come along at once! After selling their Myeba project once trumpeted at $220m NPV for Botswana-listed shares priced at £0.3m
they now convert a loan at less than price paid. LC at the top of his game right now.

[lurker5] 05/10/2023 12:55

One saddo bolstering another - when they've both been grotesquely wrong. This isn't a ganme for gentlemen Mr Renew. Its a game for the intelligent, who know when to withdraw

[grahamwales] 05/10/2023 06:58

How does Louis the conman get away with it. Moving funds from one company to another to pay his salary.

Legalised money laundering 😂😂