Kibo Energy Share Discussion Threads

[catchingmice] 19/5/2020 10:05

If LC can destroy a company like KIBO then he might be able to destroy coronavirusShareholder value ?Hang your head in shame Coatzee

[laptop15] 19/5/2020 10:05

Has to be a placing coming a drop like this must be done to insider info imo

[onedayrodders] 18/5/2020 16:27

thanks to you too

[cj41] 18/5/2020 13:22

Thanks for that Rodders. It makes a lot of sense. I don't have ADVFN sub so can't reply in detail but appreciate your thoughts. Cheers.

[onedayrodders] 18/5/2020 12:16

cj41 ..dropped u a private message

[catchingmice] 18/5/2020 10:14

Makes a change from a MOU or a MOOLOL

[cl0ckw0rk0range] 18/5/2020 09:49

Kibo Energy PLC ('Kibo' or the 'Company')Binding Term Sheet to Supply 200MW Energy to Baobab Resources in Mozambique Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset, Africa focused, energy company is pleased to announce that it has signed a binding term sheet (the 'Agreement') with Baobab Resources Ltd ('Baobab') to supply c. 200MW energy to its Tete Steel and Vanadium Project ('TSV Project') in Mozambique. Highlights· Baobab to exclusively deal and negotiate with Kibo regarding entering into a Power Purchase Agreement ('PPA') to supply c. 200MW energy to its TSV Project in Mozambique· Located approximately 36km away from Kibo's Benga Power Plant Project ('Benga'), the TSV Project is recognised as a key development project in Mozambique

[lazygun] 18/5/2020 09:48

Some positive news out

L.

[uknighted] 18/5/2020 09:48

Louis Coetzee, CEO of Kibo, said: "We are delighted to have secured this strategically important agreement with Baobab. The TSV Project represents one of Mozambique's key development projects that could contribute significantly to the growth of the country. We are therefore delighted that our Benga project will be supporting this growth by providing 100% of TSV Project's c. 200MW energy requirements, subject to reaching final agreement on an appropriate PPA. This PPA will be one of a number of supply agreements we are targeting for Benga, in line with our commitment to creating reliable, sustainable and affordable electricity in Mozambique and we look forward to providing further updates in due course as these agreements progress. It is envisaged that the c. 200MW requirement of the TSV Project will be developed as part of the existing Benga Power Project, and talks are currently underway with our JV-partners in Benga, to determine whether the latest addition to the Benga portfolio will have any impact on the economic interest of each JV partner, given Kibo's added efforts in increasing the utilisation of Benga.

[uknighted] 18/5/2020 09:43

The EGM votes could be telling.

[catchingmice] 18/5/2020 09:39

LC needs hanging literallyHe should be back at School not running a company into oblivion which he has done

[uknighted] 18/5/2020 09:39

It’s also psychological- a 0.25p share can’t go down much where as 2.5p share has plenty of scope.

[dozyduck] 18/5/2020 09:25

Shares subject to a consolidation almost always tank afterwards (because it indicates a problem with management of the co) See what happened to Kibo after its two previous ones (the first in about March 2013 and the second in Dec 2015) Bad management remains bad management. It can't be painted over.

[cj41] 18/5/2020 09:07

What could they have spent in on. They took cheap shares and warrants in lieu of salary and have done nothing else since the last placing. If LC was travelling before COVID I have no idea why.

[uknighted] 18/5/2020 08:55

L15 read Friday’s RNS.

[laptop15] 18/5/2020 08:54

Why the drop?? Placing coming?? Last one I see was october for 1.5 million? Have they burnt through that already?

[lazygun] 16/5/2020 23:41

Well, kibo’s mkt cap technically doesn’t change inn a consolidation. So kibo’s stake in Kat covers about half of kibo’s current mkt cap, based on kat’s current value ...


L.

[dozyduck] 16/5/2020 19:53

And how much do you think Kibo's share of even £2m would be worth per Kibo share ? - Work it out and you'll pass by on the other side.

[lazygun] 16/5/2020 18:47

Well, it’s an interesting one. Normally, I’d agree that the consolidation is bad, except that, it doesn’t fundamentally change kibo’s valuation, aside from sentimental selling.

And, people are forgetting that it’s 50% katoro stake puts around £2 million as a floor under kibo’s valuation. On the assumption that Kat May well multibag if the blyvoor projects gets kicked off, I’d say any price weakness now would be a goid buying opportunity. It wasn’t that long ago that kibo raised £1,5 mln. How much of that is left? Must be a fair amount?

L.

[dozyduck] 15/5/2020 18:27

Yes - You have been warned - SO MANY TIMES !(This is the 2nd distress consolidation in KIbo's history - a record for a listed company I bet. (Correction - its the third one !)
Pilkersa. Thank your stars you didn't buy in when LC decided (some bloke down the pub told him - 'you can make money listing your junk on this 'ere stock exchange malarkey ! And you'll get a gravy train salary to boot !)
You'd have lost 99% and not just 10%
And expanded authorised share capital ? - Dilution, Dilution, Dilution ahoy ! Again you were warned - again and again.
So place your bets for which bit of junk (for which all stars were aligning) will be sold off ? -

[iamgreat1] 15/5/2020 16:26

I warned you people about this guy and those in kat should dump and run This lc guy is doing this re organisation so that he can get another placing away as they have no money leftPeople should vote against this Me and dozy duck and others have warned you many times about lc and his ship

[pilkersa] 15/5/2020 16:01

Well I am certainly with you on that!

[mortimer7] 15/5/2020 15:47

pilkersa, I'm about the same as you £2k now worth sub £100.
Todays RNS is typical. Everything so overblown, like they're running Shell.
Whatever they propose I'll vote against out of principle.