Kibo Energy Share Discussion Threads

[hedgehog 100] 08/8/2020 17:18

supercity 7 Aug '20 - 09:15 - 3559 of 3564 0 3 0
"Could be something to do with the 600,000,000 shares that can be converted at 0.15p as to why this keeps getting knocked back down (as well as the fact they issue shares like confetti)"


Supercity,

That's based on the MINIMUM conversion price.

But the conversion price could be, and probably will be, far higher.

The shares issued just this week (5th. August RNS) were issued at 0.22p.

Note that there is no MAXIMUM conversion price.

It could be multiples of the current s.p., hugely reducing the number of shares that would be issued.

It's quite unusual not to have a maximum conversion price for convertible securities, so well done to KIBO and Louis Coetzee for securing this.

[hedgehog 100] 08/8/2020 17:05

cj41 7 Aug '20 - 12:40 - 3561 of 3563 0 2 0
"That’s excluding the other 650,000,000 warrants out there at 0.8 and 1.2p and that LC wants ‘headroom̵7; for 5 billion after a 10:1 consolidation I.e. 40 x current. If that doesn’t put off potential investors nothing will."


Cj41,

Warrants at 0.8p and 1.2p: compared to the current KIBO share price of 0.2p.
I.e. warrants at 4 and 6 times the current s.p.: that's 300% and 500% higher.

Well, I didn't get where I am today by being put off by warrants at hundreds of per cent higher than the current share price ...

And if they're all exercised it'll probably mean that the share price has ten-bagged from current levels, as the warrant holders will want quite a bit of leeway.

In addition, it'll bring in millions of pounds for KIBO to invest into its business.

[cl0ckw0rk0range] 08/8/2020 08:21

Yes but they won't be selling down here if there's a sniff of any actual news.

[cl0ckw0rk0range] 08/8/2020 08:20

Good old tadtech

[cj41] 07/8/2020 12:40

That's excluding the other 650,000,000 warrants out there at 0.8 and 1.2p and that LC wants 'headroom' for 5 billion after a 10:1 consolidation I.e. 40 x current. If that doesn't put off potential investors nothing will.

[supercity] 07/8/2020 09:15

Could be something to do with the 600,000,000 shares that can be converted at 0.15p as to why this keeps getting knocked back down (as well as the fact they issue shares like confetti)

[lazygun] 06/8/2020 17:19

It’s a shame that the activists probably won’t vote to block the egm proposals, and force kibo tobsell down some of their stakes in these listed and to be listed companies, instead of just issuing more shares to further dilute kibo...

L.

[justaman] 06/8/2020 15:42

Profits into NSCI. ACACIA TR1 out and have dragged it down from 15p. Currently 8.19 to buy as they clear then should see fireworks

[bidmsa] 06/8/2020 10:57

this should be at least a 5 bagger with in 6 months.

[lazygun] 06/8/2020 10:52

Mm’s really keen to keep the sell price at or below 0.2p though.

L.

[pennstreet] 06/8/2020 09:43

Really not sure, Edge? As long as we're moving in the right direction...

[edgein] 06/8/2020 09:25

Penn,

You're quick on the ball this morning, I was posting elsewhere. Excellent news that they now own 100% of MED. Nicely lined up for the float of the UK power assets! Between those and KAT its hard to figure out which will add the most to KIBO's market cap. At the moment I think it'll be Haneti rather than Blyvoor or MED. Haneti is a 80km long feature, if there's decent grades there from the upcoming drilling its a potential company maker for KAT (95m shares is some holding for little KIBO). Which do you currently think will have the biggest impact here?

Regards,
Ed.

[tez123] 06/8/2020 09:22

Rise and shine!!

[pennstreet] 06/8/2020 09:10

Wakey wakey

[uknighted] 05/8/2020 11:42

Issue of Fee Shares in respect of Convertible Loan Note

Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused, energy company announces that it has now drawn down the first tranche of funding of GBP300,000 in respect of the funding facility for up to GBP1 million announced on the 25 June 2020 ("the Facility"). The terms of the Facility require the payment of a drawdown fee of GBP45,000 and legal due diligence fee of GBP18,000 (total of GBP63,000) to be paid to the lenders. Kibo has elected to pay this in Kibo shares in the amount of 28,636,364 new ordinary shares ("Fee Shares") at a nominal share price of GBP0.0022 (0.22p) which is the calculated 5-day Volume Weighted Average Price from the date on which the Company submitted its draw down request on the 17 July 2020. Consequently the 28,636,364 Fee Shares represent an aggregate amount of GBP63,000 at a share price of GBP0.0022.

[short6] 03/8/2020 15:30

Yeah, kick him in the nuts.

[cl0ckw0rk0range] 01/8/2020 16:05

Vote with your feet

[lazygun] 31/7/2020 22:57

It’ll be the price for those shares that will make the difference though. If it’s another huge discount, that’ll be bad news indeed....

L.

[cj41] 31/7/2020 15:35

He actually wants a 10:1 consolidation too. So from 125 million now (after consolidation) to 5 billion. 40 times current.

[mufprat] 31/7/2020 14:26

3 billion new shares. Jeez

[catchingmice] 31/7/2020 12:29

Bandit Coatzee there are no other words for a geezer like himIt looks like Kibo will shut up shop and dissapeare from planet earth

[edgein] 28/7/2020 11:02

Good to see the Haneti drilling about to commence over at KAT. They should have both the Ni and Au assets driving the price there before y/e.

Regards,
Ed.

[cl0ckw0rk0range] 25/7/2020 07:59

The "others" are pending green light it seems, when or if that comes it will be a huge opportunity here.