Kibo Energy Share Discussion Threads

[36jay] 17/9/2020 12:34

Overhang nearly cleared.Death spiral left.Huge investment opportunity.This will boom soon.

[yaki] 17/9/2020 12:09

clock,
what a lovely and caring person you seem to be, lol

I never expected the CEO and Board will be so beyond incompetent. But you are right - my mistake for which I am paying dearly

But it doesn't feel rights to me that incompetent bunch of KIBO directors are still enjoying their salaries etc rather than being sacked! But all thanks to bend City players like dodgy Sands etc

cl0ckw0rk0range 17 Sep '20 - 12:05 - 3777 of 3777
0 0 0
“I even managed a very bitter laugh”

That’s the problem Yaki you are blinkered with bitterness.

There were plenty of red flags not to buy at 5p but you and the rest of the bitter LTH went ahead and just slammed anyone raising concerns.

Your paying the price.

[cl0ckw0rk0range] 17/9/2020 12:05

"I even managed a very bitter laugh"That's the problem Yaki you are blinkered with bitterness.There were plenty of red flags not to buy at 5p but you and the rest of the bitter LTH went ahead and just slammed anyone raising concerns.Your paying the price.

[yaki] 17/9/2020 11:45

And obviously by flogging the shares immediately - demonstrated

"... their continued support and firm belief in Kibo and its strategy"

I even managed a very bitter laugh

[yaki] 17/9/2020 11:44

Just occurred to me

"...We are also particularly pleased to have received support from our two biggest shareholders for the placing and restructuring of the Company's funding arrangements and both have once again reassured Kibo of their continued support and firm belief in Kibo and its strategy."

So I presume these are Sands and spredbetting outfit

DO we think we will get a TR1 with updated holdings from these 2? Or have they pre and today sold to the market for nice 30-40% profit?

[catchingmice] 17/9/2020 11:23

Not really sure if this geezer Coatzee is a full shilling or not ?So if i did have a punt then I'm backing the BANDIT and nothing elseI think he's incapable of doing anything so I'll sit on the fence for now see how it goes

[edgein] 17/9/2020 10:43

"Benga's NPV8 (for the 1st 10 yrs which is more than institutions would pay for) can't be more than $200m and Kibo's share (even if it stumps up 65% of the equity of (probably) $150m) can't be more than $130m."

Quit ramping fella, only $130m eh? The cap here is less than £5m. What about the NPV for Tans and Bots too? Add in MED and KAT while you're at it. What kinda NPV do you come up with then? More than x3 that? Don't worry you'll find out more about the value of these PPA's to KIBO if/when they land. Perhaps the market cap could be somewhat higher by then too. Take serial explorer THR as an example heading for almost x3 KIBO's cap and no projects funded. MED/Sloane are at least raising £1.7m as part of the listing it'll be interesting to see how much more will be raised and what the market value is for their mutliple sites on listing. I hope you realise its not just all about Benga and your made up NPV.

Regards,
Ed.

[plentymorefish] 17/9/2020 10:38

Wrong board.....

[plentymorefish] 17/9/2020 10:37

I think the market realises the hedge could be gone by December 2020 and is disappointed......

[cl0ckw0rk0range] 17/9/2020 10:34

Well it must be putting them in a more beneficial position.

[sirianbotham] 17/9/2020 10:34

Also dozy what's your view on the state of the UK power market. The way we are going peaking power won't be just for the peaks. Just because one company hasn't been able to make it profitable doesn't mean someone else can.

[sirianbotham] 17/9/2020 10:31

Dozy you infer that Old Shylock is one of the two major shareholders which is disingenuous. He holds 1.38% or twice as many as me ... and I can assure you I'm not the other one.

[dozyduck] 17/9/2020 10:23

Edge In - you are deluded. We haven't been told Benga's NPV. The DFS was supposed to hve been finished more than a year ago when the capcity had just (mysteriously) risen from 150MW when LC first went in, to 250-300MW then. Now it sems to be 350MW. (which means any previous DFS is useless) Kibo only has 65% - and there is no captive coaL MINE (which provides more than half the profit). So Pro-rata to MCPP (the only one where LC deigned to tell shareholders any sort of economics but even then lacking a key detail) but going by everything else known in the past (which you should carefully research) , Benga's NPV8 (for the 1st 10 yrs which is more than institutions would pay for) can't be more than $200m and Kibo's share (even if it stumps up 65% of the equity of (probably) $150m) can't be more than $130m. But where is it going to get $100m to pay for its 65% ? Do tell us all. (I'll tell you - it won't. If it did it would mean another five thousand million Kibo shares added to the three thousand million now locked in (with warrants) even if financed at 2p per share (some hope). And given that shares never reach more than 1/2 an NPV basis (even when that comes shareholders' way in the form of dividends - which it won't for Benga till at least 3-4 years after completion) you are looking at a'value'per Kibo share of under 1p per share.
As for Mast, read everything said on here up to now. And as for Mabeseweka ! _ Why ! Its disappeared from LC's magic hat !!
The fact is that there are far too many unknowns still. And a lot more dilution to come. And LC's 'supportive shareholders' (?) Old Shylock needs to keep Kibo afloat to protect the load of dosh he's already put in. Who is the other one ?
You should take note of Kibo's broker too. In all his AIM career LC has run through all the old bucket shops - and even they have lost faith in him so all he has now is a 'spread better' ! Well Well ! Talk about barrels and bottoms !

[edgein] 17/9/2020 10:09

Sir Ian,

Obviously they see the benefits of getting rid of the CLN hanging over KIBO as they move forward. CLN's are usually seen by the market as a negative as they're usually VWAP based and can suppress a share price. No need to worry about that though, its now been replaced, focus will now be on these projects about to land. I still think Blyvoor financial close will come in before MED/Sloane listing even though LC had hinted at it being accelerated.

Regards,
Ed.

[sirianbotham] 17/9/2020 09:58

Just upping the quality of my discussion ... long way to go from a useless tailender to prolific opener but trying.Clearly that's what was available at the time interested to understand what's made the 2 significant shareholders work with kibo to get rid of something they were part of?

[sirianbotham] 17/9/2020 09:56

EdThe two largest shareholders were in on that CLN so they must have had a good reason to give that up

[edgein] 17/9/2020 09:44

SirIan,

Well they're now close to listing MED, they've recently announced the acquisition though Sloane/MED of a second development ready site. Also KAT is now closer to progress with both Blyvoor and Haneti and we are also apparently close to two PPA's and significant progress in Moz. That all puts KIBO in a stronger position and therefore has attracted a new financing offer and gets rid of that CLN. Like LC suggests its an exciting time for KIBO and material news ahead, they're not even at £5m cap down here. I'm expecting the full LSE listing of Sloane to be worth more than that to KIBO let alone what looks like a company making Blyvoor project to KAT (see their estimated gold and production at the current gold price). KAT's only priced a little higher market cap wise than KIBO at present. Also Haneti for them offers the blue sky expo above the Blyvoor planned production. Their rock chips and artisanal mining suggests potential for mineralisation. So basically a group of investors sees excellent upside on 0.2p from here, even though I wasn't privy to this placing, at 2.1bn shares in issue at a 0.225p mid I see excellent upside to my holding too. Can't wait.

Regards,
Ed.

[cl0ckw0rk0range] 17/9/2020 09:43

Because that's what was available at the time.

[sirianbotham] 17/9/2020 09:35

EdAny thoughts then on why take the CLN in the first place and what's changed since? I agree getting rid of it's a good thing and from here if you are buying today things look positive assuming these value generators get delivered. But it's hard to see it that way when you've been here many tines!

[edgein] 17/9/2020 09:29

I see so some of the August shares were converted at 0.27p and some were converted at 0.24p. So slightly higher than today's share price so not a lot of difference. So if these shares have already been converted then the upshot of this is more of this £1.4m will be retained in cash to progress current activities. All of this is still a bit of flogging a dead horse as that CLN is now terminated. As mentioned its no longer looming over KIBO's future like a dark cloud. In fact rather than regular CLN draw down notices I'm expecting the next news to be updates on KAT, MED and eventually the PPAs.

Regards,
Ed.

[yaki] 17/9/2020 09:19

Ed, pls read. Call it whatever you want

24 Aug

Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused, energy company announces that following shareholder approval for the increase in the Company's authorised share capital at its EGM today, it has issued 25,925,925 shares (the "Arrangement Fee Shares") in settlement of the Arrangement Fee of £70,000 as per the terms of the funding facility for up to £1 million announced on the 25 June 2020 (the "Facility"). The shares were issued at a price of £0.0027 being the 5-day Volume Weighted Average Price ("VWAP") on AIM on the 24 August 2020.



The Company has also issued an additional 43,750,000 shares (the "Conversion Shares") to certain lenders who have elected to convert funds advanced as part of the first tranche of funding of £300,000 ("Facility Drawdown") in respect of the Facility which Kibo announced it had drawn down on (see RNS of 5 August 2020). The Conversion Shares were issued at a price of £0.0024 each being the 5-day VWAP less 10% at 24 August 2020 representing re-payment by the Company of £105,000 of the £300,000 first tranche Facility Drawdown.



The Arrangement Fee Shares and the Conversion Shares (the "Issued Shares") represent an aggregate issue of 69,675,925 new Ordinary Kibo shares of €0.001 each.

2 Sep
Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused, energy company has today issued 19,173,412 shares (the "Conversion Shares") to a lender who has elected to convert funds advanced as part of the first tranche of funding of £300,000 ("Facility Drawdown") as permitted per the terms of the funding facility for up to £1 million announced on the 25 June 2020 (the "Facility"). The Facility Drawdown was announced by the Company on 5 August 2020. The Conversion Shares were issued at a price of £0.002347 each being the 5-day VWAP less 10% at 2 September 2020 representing re-payment by the Company of a further £45,000 of the Facility Drawdown. Together with the conversion shares issued on 24 August 2020, the Company has now converted £150,000 of the Facility Drawdown to Kibo shares.

[edgein] 17/9/2020 09:17

Yaki,

If you check their website it should list all of the significant shareholders for you.

Regards,
Ed.