Kibo Energy Share Discussion Threads

[aimomniscient] 14/10/2019 15:00

You can't compare VAST with KIBO. VAST will have 2 world class mines producing by New Year and alot of FCF.Whilst I agree with buying at the cheapest the problem with KIBO is determining just that. What does cheap look like. You could still lose 50% here over the next 6 months even at the prices. It's sad to see but a handful have invested pensions and life savings into KIBO to lose 80% of it to know. I feel sorry for their families as there is no guarantees of this ever coming back even if you left 5 years or more. It's a truly sad position and I feel for those investors.

[lurker5] 14/10/2019 08:56

JC You don't seem to have grasped the point. Nor that VAST is a totally different case. No wonder so many pi's loose their shirts

[yidarmytom] 14/10/2019 08:18

The Company said earlier this year that one of the small-scale "shovel-ready" energy Projects would be completed in early 2020 and start delivering revenue to Kibo. I wait with baited breath Louis......

[yidarmytom] 14/10/2019 08:16

at least the projects are "shovel-ready"

[johncasey] 13/10/2019 23:48

people should stop whinging and average down..you can make alot more by buying at the bottom..look at VAST up 300% from the bottom..likewise PREM

[catchingmice] 13/10/2019 22:42

Maybe it is but the Question is can you trust the CEO ?He's not got one project over the line and has demolished the share price by 95%Apart from that the BOD have took £500,000 while the other 1 million is under writtenI cannot see it going any lower but can LC ever be trusted again ?I am tempted here myself but i would love this Bandit to be shown the doorThe MICE

[johncasey] 13/10/2019 15:45

kibo is more than coal mate..check their website

[yidarmytom] 13/10/2019 15:35

forget coal, timberrrrrrrrrrrr more like

[johncasey] 13/10/2019 13:47

10 bag would only make it £50m market cap..its listed has £3.5 at the moment but i dont think that includes £1.5m fund raising

[lurker5] 12/10/2019 19:05

Dear oh Dear ! Another newbie victim of delusions (although I wouldn't expect someone unversed in investment analysis and how 'projects' aren't 'owned' by their 'sponsors' - which is what Kibo is - but only by whoever puts up the money to develop and build them) ! -
'10 bag' would make Kibo a £60m market cap. Even if the £1.5m cash materialises (wait to see whether punters take up the 'offer' by Oct 16) Kibo will still have a £1m deficit in liquid assets or working capital (£2.1m deficit @June 2019 plus £460,000 3 months cash burn, less £1.5m from placing), which means it is always at risk of bankruptcy, plus a 'intangible' asset coal mine that would only have its $28.6m 'value' if its MCPP customer actually is paid for (by other investors) and is actually built. If it isn't, the mine has no customers beyond a few local Steptoes or Del Boys (and a cement factory nowhere near as coal hungry as a power station). It will take years before any cross-border power sales can happen, and the present bankable feasibility study for a 350MW station will probably be rendered out of date by different tariff regimes that will probably apply. Which means that Sepco won't ever pay Kibo its $3.5m contribution

That contribution would be a drop in the ocean anyway, and meanwhile the only way Kibo can build its balance sheet to justify an equivalent market cap is to 1) earn profits. (as if !) and 2) keep calling on investors to inject more cash. But with a $1.5m annual cash burn (before any development spending;) before even the first (Benga?) project delivers any cash dividend to Kibo (Not before six years time) Kibo will have to raise near another £10m (nearly twice its current cap) just to keep going.

(And what blatant dishonesty to have said no plans to raise funds and only 16 days later to make the most diluting share issue ever)

Maybe Med will deliver some income, but peanuts compared with £10m. At the most, on here we've estimated that Bordersley might deliver £350,000 pa (starting in 6 months) and maybe the others will build up. But when - and at what cost ?

Undermining it all, LC seemingly has no idea where he is heading. Even if his three coal plants are built, they'll be 'owned' by the majority who put up their c $2bn capex, and Kibo will only get a notional and tiny share' of their income but not any cash until the majority pay a dividend for themselves and Kibo. Without any cash income, Kibo won't be valued in the market at any more than its tangible asset balance sheet and won't be given much credit for its minority share of its projects' profits.

It all adds up to an 'unsustainable', Kibo which will only be kept afloat if the Wheezer in Chief finds yet more newbie pi's to keep him in cigars, at lower and lower share prices. But I doubt there are any left in the UK

As for the hilarious 'Novus arranged' Audioboom podcast ! 'Revenue due in between six months and four years ! (what an enormous spread ! - what enormous scope to be proved right even if actually wrong !)

All that is why the new thread I'll start will be entitled 'Kibo's Death Spiral' - the only question is how long will shareholders endure it before 'Das Ende' ! (Gotterdammerung for those with an operatic bent !)

[johncasey] 12/10/2019 17:58

clockwork..what do you mean markets at present?..markets are on the verge of a massive boom..always happens year ending in nine...remember dotcom boom or were you a babby

[catchingmice] 12/10/2019 15:56

I think so UKNEngland were shocking last night absolutely baloney

[uknighted] 12/10/2019 15:33

Cm I think we have another AimChimp here, only on here to protect would be investors, nothing better to do with his time. Rather like you although you do have Fulham and lately Chelsea to follow. Speaking of which watching England last night was almost like watching United, I say almost because at least England scored!!

[aimomniscient] 12/10/2019 13:06

Like I said before I wish I could claim to be Sonic but alas I am not. Sorry to disappoint. To be frank I was talked into coming online by my 40 year old son and to be honest Im rather regretting it now. No wonder none has any interest in this share though, it's boards are terrible across all platforms. It's hardly an advert for the company either.

[catchingmice] 12/10/2019 11:45

LOLOf course he is SONIC read his posts on LSE it's not rocket Science chimp100% it is SONIC

[cl0ckw0rk0range] 12/10/2019 03:10

A 10 bag is very unlikely with the markets at present, that and the warrants being flipped, along with Sanderson et al dumping for their 10% it's going to take a while to wade through it all, plus then there's capex to consider for the projects. That being said there's a trade in it here at the right prices.

[johncasey] 11/10/2019 23:51

nice 10 bagger soon..easy money

[johncasey] 11/10/2019 23:50

nice to be able to buy at 0.45p same has directors...well happy

[aimchimp] 11/10/2019 23:30

I only have one account you fool like you didn't mention who I was replying to on the UKOG page was that on intention or did you not DYOR again some people deserve to lost their shirts.

[aimchimp] 11/10/2019 23:29

AIMO I do not think you are sonic despise the claims that the ones who have lost thousands here make they are just trying to put the blame and guilt on s9meone else and do not want to shoulder or accept their losses themselves and you are right they are just old pension punters who have gambled and lost but cannot admit it let's hope for their sake they did not lose more than they can afford like they are all claiming now despise saying they were had enough invested to make millions if it went to double they now only had punt money in they are liars and shameless.

[uknighted] 11/10/2019 23:28

Because you logged on with the wrong avatar.
Good night.

[aimchimp] 11/10/2019 23:26

Because I wanted to DEECAYBecause I wanted toYou are a lemming and a mushroom. You supported rampers and you cannot admit you are failed and wrong.

[uknighted] 11/10/2019 23:01

Sound advice again from sonic, boom boom.
Chimp you are Ken and AIMO is sonic.
Chump why did you make only 3 posts on a UKOG thread, each post used the phrase Lemmings and mushrooms? KenChung posts frequently on UKOG and most of his posts, irrespective of which thread, use that same phrase, Lemmings and mushrooms.