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Share Name Share Symbol Market Type Share ISIN Share Description
Kibo Energy Plc LSE:KIBO London Ordinary Share IE00B97C0C31 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.165 775,587 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.16 0.17 0.165 0.165 0.165
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.00 -23.15 -0.90 5
Last Trade Time Trade Type Trade Size Trade Price Currency
16:07:42 O 250,000 0.16 GBX

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Posted at 03/12/2022 08:20 by Kibo Energy Daily Update
Kibo Energy Plc is listed in the Mining sector of the London Stock Exchange with ticker KIBO. The last closing price for Kibo Energy was 0.17p.
Kibo Energy Plc has a 4 week average price of 0.17p and a 12 week average price of 0.16p.
The 1 year high share price is 0.25p while the 1 year low share price is currently 0.08p.
There are currently 2,905,348,737 shares in issue and the average daily traded volume is 1,564,795 shares. The market capitalisation of Kibo Energy Plc is £4,793,825.42.
Posted at 03/11/2022 09:16 by lurker5
FRom next door - my comments on MAST 'funding'
Its not a 'project'loan in the usual sense, repaid over a much longer period (with a lower interest rate than 10%) and which helps preserve some cash flow from the 'project'. Its obviously not a 'asset loan' either which has the same effect. With the warrants etc its more like the loans our old friend Sanderson used to screw Kibo with. So - hey ho - guess who the 'insttutional investor' probably is ! Some 'institution' ! (Sanderson - aka Shylock - is the one man band who presided over Beaufort's demise and sponsored the first of the bogus KIBO 'research target share price' I described when starting this and the Kibo thread. (All the foregoing is ,of course, based wholly on unreliable reports and my totally unwwarranted speculations !)
AND (PS) its likely the term is limited to thre years because current high energy prces aren't likely to last that long. Its clear also that reputable Close Bros has walked away - raising the question how will any follow-on projects be funded ?

Posted at 28/10/2022 10:11 by yaki
2.7m bought on LSE and share price down.

Good buying on JSE - 6.5m buys and share price is up 20%, to equivalent of 0.33p a hare - 100% over LSE price

So one market seems crooked. Let me try to work out which one. Mmmm

Posted at 23/10/2022 10:03 by frankandbeans
In summary, Guitars is a narcissistic bully, and an absolute melon.

Can’t argue with that.

“ Good morning Guitars.
It was no summary, more a snippet and balance is not necessarily right and was not thinking of balance when posted is more like blog as thoughts arise and then adjust, but will read with interest your responses. Guess there is chance of more balance as been both sides of fence and also from looking on far at the fence.

1. We sometimes come across as current investors.
Response: for sure it is obvious for various reasons.

2.Like you did
Response: Yes for sure I would have come across like someone invested I declared as such and was supportive of the company and Louis.

3.When you were actually invested or had skin in the game
Response: Actually two different things to my mind I was invested in support of Kibo and Louis for a shorter time than I had skin in the game. They lost my support with the Director loan notes and for many other reasons too many to list in context of this response.

4.and say niggled with extreme like WTF non holding alter view say Frankie and Benny...
Response: Yes we shared that Guitars as investors and skin in the game :-) Then we shared both having skin in the game but you still invested in support of kibo, louis, but me not. Then we shared nothing in that respect you still invested and skin in the game and me neither. Am not sure if I said to you but I certainly said to Yaks when still invested I just can not support these guys anymore they have proven JAX05, lurker and Frankandbeans right and I listed multiple reasons to him for that opinion of why I could not support Kibo anymore whilst current Directors remained. But the above has many, many lessons. It is kinda a policy of mine that once I lose faith in management from an investment perspective that is me done with company until management changes. That has not changed so I am done with Kibo. Similar situation Blue Star though we over changed their decision and they did right thing I still sold...
I think where we have been different all along is the level of skin in the game, that option of selling is not open to TR1 at present for various reasons like it was to me. I also think more of Yaks than you in the selling respect. Strong buy great, fight your corner.:-)
5.Who now seem PMSL like your best buddies.
Response It is a bit more complex than that. No your the closest I have to a buddy in the Kibo room, lol. I have never spoken to either outside of this room.
6. Hate to share yet likely the same...
Response: No not one and the same.
7. Why bother, why would you what is your point as you did for an age like we are invested you are not and so on.....
Response: Not sure what you are asking if not please clarify if want an answer from above can only guess at what you are meaning asking me.
8.I think none of us are happy here.
Response, Then why post as if are?
9.Difference is that you might struggle to understand iamthebest is you are no genius.
Response iamthebest is a profile name. I remember when I joined ADV over a decade ago was via phone and they asked me my profile name I wanted, def not genius I could not think of one... Makes me laugh many think I am making personal statement am I that good lol... No was actually based on a character I was fond of he had downs syndrome and was no longer. I was part of group we were camping he used to awake like clockwork 3am every night and if you were awake you would here 1,2,3 I am the best then he would go back to sleep it was kinda infectious and it popped into my head. That was that it was my profile name. He was the inspiration of the profile name.
10.You are no genius.
Response: No have never said I am... But in my book am a good investor/trader. A good investor should make 20% a year in my book a good trader should make 50%. Investing/trading and the confidence in my ability allowed me to quit the day job three years ago and since have returned 106%, 85% this year so far 45% which I expect to be heavily weighted to Nov/Dec.
11. Ramble
Response: I do not regard my postings as ramblings far from it personal opinion funny how those we do not agree with ramblings those we do great opinion.
12.US not taking your advice. i was about to say you but see you say us, us is not specified so will skip that
13.Re your legal eagle. They are your words description that I would not use.
14.We failed to engage.
Response you say failed to engage or poor use of word who knows. I do not even know if you contacted him or not because you never directly responded to me whether you did or not. One would assume not
15. Yet you failed to realise we are not idiots.
Response: We again you do not specify so difficult to respond, but will take it to mean you and YAKS. I have spoken many times with Yaks yourself to lesser extent I have not been that disrespectful to either of you or implied you are idiots again not my words or words I would choose to use of you and YAKI.
16. Re taking advice... Again not how I view things. I actually contacted him on your behalf not mine... Your your own we us free to do as the we chooses. Life is full of choices.
17. Yet my friend and i do view you as friend. We are not eejits
Response: Thank you my friend.
18. Stay tuned and try listen more is my advice. Sorry my friend think is you who is misunderstanding re the stay tuned and listen more.”

Posted at 14/10/2022 13:12 by yaki
From Shumba's accounts -Shumba has now requested Kibo to agree on terms for its orderly exit of its position and for group to acquire the 35% from Kibo

"...The group entered into an agreement with Kibo Energy plc ("Kibo") to consolidate
the Mabesekwa resource. Kibo which currently holds 35% of the consolidated
resources have given notice within certain RNS announcements that they intend to
exit all positions held within the hydrocarbons sector. Accordingly Shumba has now
requested Kibo to agree on terms for its orderly exit of its position and for group to
acquire the 35% from Kibo."


lurker5 13 Oct '22 - 16:34 - 7291 of 7291

Naive again Yaki. The Mabesekwa disposal won't be anything to do with the 'coal in the ground' (Haven't you learned that yet ?). It will be the value of whatever Shumba attributes to the whole project, which the last time I looked was pretty small. Even smaller for Kibo who, the last time I looked, hadn't stumped up its promised contribution to the feasibility study. Neither have I seen any mining permit for the coal deposit. But I'm sure you've looked into all that !

Posted at 12/10/2022 07:36 by yaki
lurker5
OMG, you are a bit desperate for attention, aren't you!

As Kibo said in an rns, sanctioned by the nomad, that it is in advanced stages of selling its coal assets! Let's see how advanced that is.

In the meantime, just to compare vs EDL, Mbeya coal is just outside Mbeya and way closer to the Mtwara port, from where close to 1m t coal was imported so far this year. If assume 100/t was paid, we are talking about cool 100m USD. Coal prices are more like 300/t!

Also Mbeya coal is very close to TAZARA, so another transport option to Dar port!

Obviously you need someone who can actually action anything, and judging by the 1m tonne exported from Mtwara, there are such people.
Unfortunately, Kibo management seems not up to it but at least Kibo seems to hold an asset that has value to others!



lurker5 11 Oct '22 - 21:04 - 7272 of 7273

Surprised no one has leaped in excitedly quoting Edenville's Coal update re high prices its getting. Trouble is they said earlier the local Tanz market is a bit small, so maybe they've cornered it, and in any case Kibo's Mbeya has been set up for much bigger volumes to feed a power station. So likely benefit to Kibo's 3bn shares probably peanuts. But as I say. The few clappies left used to clutch at straws like this !

Posted at 05/10/2022 08:28 by yaki
So 6m, repaid over 9 years at 8% is 940k, ie 60k left

Obviously, likely to be more like 4m debt and 2m equity, typical for such projects, which will result in 600k cost and 400k left for Kibo

Then you have the capacity market payments of c200k

So 2m equity investment - 600k flowing in Mast coffers, and hopefully 300k ish in Kibos. Pretty good in my books


lurker5 5 Oct '22 - 09:03 - 7262 of 7262

Just to put it into a rough perspective. A £6m loan to fund the capex would cost c£1m pa to repay over 9 years at 8% (the norm up to now) Mast says the two will generate c £3.6m revenue @ 30% - ie annual profit c £1m. So net income available to MAST = Nil for first nine years. (as I've always said is the case for these normal projects (ie not the - cheap for a reason we don't know -Pyebridge) Alternatively if funded by Mast itself via shares issued will need to increase from current c 120m to 320m shares if at 3p. So watch for puffs to persuade the shares are worth more than 3p. If funded at 6p that would still be 220m shares in issue, and MAST's net income before tax (after loans repaid in nine years time) from its projects would be about £3m - ie 1.4p per share or 1p after tax and company overheads. Would that justify a 6p share price now ? I don't think so. Very back-of-envelope but correct calculation method - and ignores other current costs to get Bordersley and Rochdale up and running.

Posted at 04/10/2022 08:54 by yaki
short6

LC got way too many bets wrong, and hence the share price gone from 10p to 0.1p.

As an investor, what matters to me, is whether Kibo is worth 0.1p (and I thought was worth more and hence why I bought quite a few) or more.

I think current fair value is probably more like 0.3-0.5p range. As you probably know, the share price in SA is like 0.35p now and it went up to 1p at 1 point few weeks ago.

If WtE is delivered, that should add 21m-30m to market cap and if the sell coal, say for 10m and plus Mast, I can see value of 30m-50m, ie share price on diluted basis of 1p+


short6 4 Oct '22 - 09:31 - 7240 of 7240

So Yaki, whats your take on LC's JV's with Paul Johnson when CEO of metal Tiger and then CEO of POW.

Posted at 04/10/2022 07:34 by yaki
typical bb keyboard warriors

I presume you met LC+ BoD in person, to form such opinions.

He can be many things but ain't lifestyle CEO or crooked.

Having said that there are serious optics issues around the CLN terms - nothing wrong with getting paid if employed, but the share price should have been at the time when payments were foregone, ie 1p level, rather than wait for the share price to go down to 0.2p and then convert!
If directors want to swap some of their salaries for shares, it should be transparent plan with clear terms and communicated to the market.

Also LC needs to come clean with the salaries he is drawing from the three Kibo companies that he is running!

danmart2 3 Oct '22 - 23:23 - 7235 of 7236

The main and most glowing reason why I won’t buy Kibo shares is the CEO.

Kibo reeks of a lifestyle company

iamthebest 4 Oct '22 - 06:52 - 7236 of 7236

Worse than that to my mind crooked lifestyle company.

Posted at 03/10/2022 12:29 by yaki
Disagree here as most of what is on the balance sheet is either Mast or the coal assets.
Nothing on power projects and WtE projects.

So the 21m-30m value created from the IPO is on top of the 10m+ value of assets!
Obviosuly assuming they manage to raise the 7m-10m representing 25% of USE. Which I understand, for a WtE energy project is possible even in current env

Also strongly disagree that IPO won't solve Kibo liquidity problems. As Kibo only needs to place 10% of its holding to get 2-3m!

Something they should have done with Mast but never did as thought that within a year, ie May 2020, they would have 20MWh operating and generating FCFs
Hope they are bit more conservative this time.

In the meantime, sells go way above MID price! Why would that be the case?!?

lurker53 Oct '22 - 11:22 - 7218 of 7224

Kibo's USE(less) IPO
Don't forget this will merely be hiving out of Kibo some of its balance sheet assets, listing them, and raising cash for them - not for Kibo.

From rough sums I make their June'22 balance sheet value to be about £6m (classed as intangibles or associates). But natch ! Louis will use creative up-valuation to pretend they're more (shades of Mast)

Remains to be seen what that 'value' will be, and depending what it is plus c £7m to be raised gives Kibo's share of USE's balance sheet to compensate for losing them from its own. Whatever that value will be ignores that all of those projects need to raise large sums to develop and build, so how much dilution of USE(less) will that involve ? So its impossible to estimate what eventual value will be both to USE holders and Kibo. Exactly the same picture as was for the original MCPP etc where investors (and the brokers LC used to 'puff' its value) came up with totally delusional share value. Walter Mitty/Pinocchio/Robert Maxwell can't change his spots.

Anyone thinking this solves Kibo's current liquidity problem is probably deluded (no change there either)

Posted at 03/10/2022 10:22 by lurker5
Kibo's USE(less) IPO
Don't forget this will merely be hiving out of Kibo some of its balance sheet assets, listing them, and raising cash for them - not for Kibo.

From rough sums I make their June'22 balance sheet value to be about £6m (classed as intangibles or associates). But natch ! Louis will use creative up-valuation to pretend they're more (shades of Mast)

Remains to be seen what that 'value' will be, and depending what it is plus c £7m to be raised gives Kibo's share of USE's balance sheet to compensate for losing them from its own. Whatever that value will be ignores that all of those projects need to raise large sums to develop and build, so how much dilution of USE(less) will that involve ? So its impossible to estimate what eventual value will be both to USE holders and Kibo. Exactly the same picture as was for the original MCPP etc where investors (and the brokers LC used to 'puff' its value) came up with totally delusional share value. Walter Mitty/Pinocchio/Robert Maxwell can't change his spots.

Anyone thinking this solves Kibo's current liquidity problem is probably deluded (no change there either)

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