Kibo Energy Share Discussion Threads

[yaki] 11/9/2020 09:22

Ed

We are right on the asset side. Just the management of Kibo has been absolutely atrociously bad at making deals.

Eg buying back Sanderson's 2.5% share of MCPP for 60m USD valuation of MCPP - absolutely nuts to the point of being criminal

or

Latest funding deal - 25% of fees (!!!) and then warrants at 0.25p as well. Absolutely horrible.



Edgein 11 Sep '20 - 09:11 - 3703 of 3703
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Uknighted,

Yaki,

Yes true, KIBO has better assets on a much bigger scale than those other two, I held NCCL ages ago and looked at ORCP within the last two months. As you say they don't offer the same upside as KIBO does presently given the capitulation here and how oversold this one has become. Hopefully the next 6 months news flow will change that.

Regards,
Ed.

[edgein] 11/9/2020 09:11

Uknighted,

Agreed would be a crazy time to sell any KAT. With Blyvoor funding apparently just around the corner and drilling planned for Haneti there's lots of potential for KAT to multibag and drag KIBO along for the ride. Selling those at the bottom now would seem like madness given what's pending there. If LC were to decide to sell some of those at 10p plus then fair enough, but selling at 2.4p with KAT's sub £10m cap doesn't look like a good idea. The market doesn't grasp the upside potential at Haneti, not yet anyway.

Yaki,

Yes true, KIBO has better assets on a much bigger scale than those other two, I held NCCL ages ago and looked at ORCP within the last two months. As you say they don't offer the same upside as KIBO does presently given the capitulation here and how oversold this one has become. Hopefully the next 6 months news flow will change that.

Regards,
Ed.

[cl0ckw0rk0range] 11/9/2020 06:56

"here's plenty of scope for holders at the right price to multibag here."Nail on the news, Ed. Which is why there's so many bitter LTH that want to see this crash and burn as they will not see their money back again and are resentful of that fact. Has they bought here you would be hearing a different story.

[cl0ckw0rk0range] 11/9/2020 06:54

He comments in hindsight and throws out unrelated figures in the hope that it will deter investors as they have a personal axe to grind with the co as they lost a packet here previously. Why else do you think they are so desperate to dissuade investors.

[tonytony4] 10/9/2020 18:28

I was being quoted to sell 2.5m through out the day so not sure if that means anything. Surprised with drop considering near 5.5m was brought today.

[yaki] 10/9/2020 17:11

KAT is up 11%. In last 20 mins of trading. Hopefully funding deal announced tomorrow

Still can't see the big dump here today. I doubt the 20% fall in bid was caused by the 1m sell!

[yaki] 10/9/2020 15:53

ukn

I hope you are right. But issuing zillions of KIBO shares as warrants, fees, etc - for free - has its massive costs too.

[uknighted] 10/9/2020 15:41

I would have thought that Kat have some great potential and selling 40m now might be regretted in a few weeks time.

[yaki] 10/9/2020 15:32

cj, pls don't depress me anymore, lol!

I am wondering why Kibo doesn't sell some KAT, say 40m for 1m rather than issue zillions of Kibo shares for nothing and then giving away and zillions of shares as fees!

cj41 10 Sep '20 - 15:17 - 3695 of 3695
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You can be sure of that Yaki. And I am sure there will be plenty more to come. The next fundraising and share giveaways won’t be too far off. We all know th

[cj41] 10/9/2020 15:17

You can be sure of that Yaki. And I am sure there will be plenty more to come. The next fundraising and share giveaways won't be too far off. We all know that.

[yaki] 10/9/2020 15:02

this can only happen to Kibo - 4m net buys and down 10%

probably a delayed sell somewhere in the system, which should be posted in the next few days.

I am sure all the free shares issued by the Board being flogged off. Aaargh

[yaki] 10/9/2020 14:32

Ed,
on the peers valuation point - both NCCL and ORCP have 1 project vs Kibo 4-5 and they are valued 5x higher than Kibo.

Obviously Kibo's management has messed up big time with all the dodgy funding deals with likes of Sands and this latest shares confetti. Absolutely disgraceful!

But even then, if they somehow manage to attain similar valuation to the peers, then w e are talking about 1p sp, easily!

[edgein] 10/9/2020 13:59

Yaki,

Interesting comparison as a quick read at that Ylem site shows they're constantly bringing online new capacity. Looks like a fast growing business.

Regards,
Ed.

[edgein] 10/9/2020 13:55

PMF,

Yes likely, noone would spend that amount of effort and time to talk something down if they weren't boot filling.

Regards,
Ed.

[edgein] 10/9/2020 13:54

Yaki,

Spot on. I reckon there will be good support for MED, lets face it, it doesn't need much support for that 51% to be worth more than Kibo's cap.

I agree KAT is a great asset for KIBO, not only for the Blyvoor project that looks like a company maker for little KAT but also Haneti. Its very highly prospective given the rock chips and sampling grades. Potential for Ni is huge, like KIBO just needs a higher market profile, but hopefully both Blyvoor and Haneti news flow will give it that.

The astonishing thing is that there's not a bean in the current share price for the large CTP projects and those PPA's you mention are the first stage in unlocking those coal reserves. Can you imagine what an EPC with one of those large asian companies would do to our current cap? A bit like KOD recently. KIBO's assets are on a much bigger scale too. Like you say NCCL and ORCP are valued much higher on their assets.

It'll be interesting to see where KIBO ends up as there's a lot of news this side of Christmas to push this one considerably higher. I agree that KAT looks more exciting than MED due to Haneti, but we don't know the full scope of MED yet either this additional recent acquisition will give it a stronger start. But how many more of those 20 or so sites can they also get funded, that'll be interesting to see in due course.

Regards,
Ed.

[plentymorefish] 10/9/2020 13:28

Possibly DozyDuck......

[yaki] 10/9/2020 13:25

2.5 Million Buy

and a few similar chunks over the last few weeks.

I have the feeling that someone is accumulating

[yaki] 10/9/2020 13:00

Ed, great post.
And also quite good entry price!

On UK peaking business, I agree completely. Just look at ylem
hxxps://www.ylemenergy.com/downloads/latest-news
Why did they put up THREE plants in the last few months, if such a bad business?


But the key for me is KAT - as once funded, can be easily worth 10m for KIBO and Moz PPA with the commercial off taker! Moz is getting 10s of blns of investment, not far from Tete. And they will need power, lots of it!


Edgein 10 Sep '20 - 12:50 - 3686 of 3686
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Deary me, comparing diesel fuel power vs gas fueled power like comparing apples and cheese, take a look at the European gas price market. Thankfully its the punters that have capitulated here and not LC who is busy doing these deals to release value for shareholders. Not everyone is in the same boat, 93% of my current KIBO holding was bought below 0.205p and I for one am looking forward to the listing of MED and the upcoming events at KAT in the near term which are likely to have transformative impact on KIBO especially if LC raises the funds to bring in multiple sites of their reserve power portfolio. The UK will need lots of reserve power to prevent more blackouts across England, there's very little spare capacity at the moment and those new nuclear power plants have stalled. As KAT still covers most of KIBO's cap there's plenty of scope for holders at the right price to multibag here.

Regards,
Ed.

[edgein] 10/9/2020 12:50

Deary me, comparing diesel fuel power vs gas fueled power like comparing apples and cheese, take a look at the European gas price market. Thankfully its the punters that have capitulated here and not LC who is busy doing these deals to release value for shareholders. Not everyone is in the same boat, 93% of my current KIBO holding was bought below 0.205p and I for one am looking forward to the listing of MED and the upcoming events at KAT in the near term which are likely to have transformative impact on KIBO especially if LC raises the funds to bring in multiple sites of their reserve power portfolio. The UK will need lots of reserve power to prevent more blackouts across England, there's very little spare capacity at the moment and those new nuclear power plants have stalled. As KAT still covers most of KIBO's cap there's plenty of scope for holders at the right price to multibag here.

Regards,
Ed.

[plentymorefish] 10/9/2020 11:58

'There he goes again, trying to muddy the waters for anyone looking in.'

tbf, he's been more right than most others.....the share price performance over the last 3-5 years has been awful.....LC talks more 'word salad' than anyone I've ever met and still can't get the spelling in his company RNS right after years of practice!.....a punt at this level and I've got just a few in case this leopard actually does change it's spots and delivers something of value (for shareholders) in the next 12-24 months.....atb

[yaki] 10/9/2020 11:56

Also I wouldn't discount involvement by our chairman who is worth 10s of mlns
or
I am suspicious a bit about the spreadex increases in holding. Some of their clients (and I would think 1-2 ?) are accumulating in the quiet

So next few months can be interesting

[yaki] 10/9/2020 11:41

DD, good points

As an investor, I look at the share price, compare to others in the space, also the likelihood of projects going ahead

But as you alluded (and I know) I am not that good in this.

But I don't think is all lost and believe that at least 1 of the projects will happen. I think Mast is a bit of a side show.

If smthis realized - Kibo can get re rated to levels of NCCL and ORCP. Which can easily command share price of 0.5-1p. Somewhere in that range I will be in profit!!



DozyDuck 10 Sep '20 - 10:47 - 3681 of 3682
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Yaki
As a major Kibo shareholder, I'd have thought you'd have read very thoroughly PPG's 2019 report especially the chairman's and CEO's statements. They give you a detailed insight into the business and its problems. Remember that PPG is a minority investor in the six (3 others under construction) 20MW sites (all single private cos with cut down accounts on companies house - but with full reading you can see how unprofitable they have proved to be - about 1/3rd what PPG 'forecast' in its IPO and 2017 accounts.) If you read the individual cos accounts thoroughly (and the notes) you'll see how wrong is your guess about their profitability.
(I don;t have time to do the analyses you should be doing)
As a minority holder, PPG can't consolidate its investee companies, which is why its no guide to their performance, (except PPG has written down their value) - It is dependent on dividends from them to survive - which it isn't going to do.
A year ago PPG said as much and that it was therefore moving into gas plants (its six are diesel) where market conditions will (They hoped ) be better and that a new source of finance (probably similar to what Kibo hoped for) was being negotiated. But since then there has been no news and instead PPG has said even its planned gas portfolio (almost as big as Kibo's 100MW's) has not been able to project acceptable returns so as to satisfy its hoped for investors. So its giving up and will maybe turn into a cash shell
So if you're still hoping Mast will prove a winner, and will be able to attract investors more successfully than an already operating and listed PPG, with management with over ten years experience in the power market, you're taking as big a punt as your previous ones !
In fact I wonder if the Mast IPO will happen at all.

[cl0ckw0rk0range] 10/9/2020 11:03

There he goes again, trying to muddy the waters for anyone looking in.

[dozyduck] 10/9/2020 10:47

Yaki
As a major Kibo shareholder, I'd have thought you'd have read very thoroughly PPG's 2019 report especially the chairman's and CEO's statements. They give you a detailed insight into the business and its problems. Remember that PPG is a minority investor in the six (3 others under construction) 20MW sites (all single private cos with cut down accounts on companies house - but with full reading you can see how unprofitable they have proved to be - about 1/3rd what PPG 'forecast' in its IPO and 2017 accounts.) If you read the individual cos accounts thoroughly (and the notes) you'll see how wrong is your guess about their profitability.
(I don;t have time to do the analyses you should be doing)
As a minority holder, PPG can't consolidate its investee companies, which is why its no guide to their performance, (except PPG has written down their value) - It is dependent on dividends from them to survive - which it isn't going to do.
A year ago PPG said as much and that it was therefore moving into gas plants (its six are diesel) where market conditions will (They hoped ) be better and that a new source of finance (probably similar to what Kibo hoped for) was being negotiated. But since then there has been no news and instead PPG has said even its planned gas portfolio (almost as big as Kibo's 100MW's) has not been able to project acceptable returns so as to satisfy its hoped for investors. So its giving up and will maybe turn into a cash shell
So if you're still hoping Mast will prove a winner, and will be able to attract investors more successfully than an already operating and listed PPG, with management with over ten years experience in the power market, you're taking as big a punt as your previous ones !
In fact I wonder if the Mast IPO will happen at all.

[cl0ckw0rk0range] 09/9/2020 21:54

No he hasn't, he just kills any good sentiment and embellishes any RNS that isn't popular by reminding all and sundry of out of date economics that are unrelated to this project, and past performance..