Kibo Energy Share Discussion Threads

[grimreaper2019] 28/6/2021 18:51

Another powder puff interview where no hard questions are ever asked, Louis Coetzee discusses the 'prospects' of Kibo Energy.

He refers to the long standing strategy of KIBO, well let me tell you that so far the long standing strategy of KIBO has destroyed shareholder value by the tune of 98% over ten years.

Listen and weep.

[cj41] 28/6/2021 16:09

Disingenuous doesn't begin to describe some of the latest statements from LC on the sharetalk podcast. Apparently spending a load of cash on CTP and then flogging them off was always the strategy. His gall is unbelievable. Why not just admit it took too long and the world has changed so much that they are now untenable. That would take a bit of character which unfortunately LC does not have. He has destroyed and continues to destroy shareholder value but just can't see it. Therefore, by definition, he is a poor CEO. I think he actually believes he is doing a great job. That's nothing less than delusional. All IMO.

[yaki] 25/6/2021 21:27

"...But how does it repay it in a reasonable timescale without raising it from the market "

As far as Kibo is concerned, it shouldn't matter. They could bring a number of plants in prod and do it via a cashflow; develp a plant and sell it - so from capital gains.
Alternatively, given their more secure cashflows, maybe could borrow from a bank or specialist finance house?

A number of options. Which should make Kibo a few mlns and hopefully not having have to raise cash in the markets

lurker5 25 Jun '21 - 13:51 - 5960 of 5960
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True. Mast does owe Kibo a few £m. But how does it repay it in a reasonable timescale without raising it from the market ? As for Mast's status as a 55% subsidiary, its income and profits will be consolidated into Kibo's accounts. But those will show 45% as a 'minority' share which is deducted from Kibo shareholders' earnings. Whether Kibo can lay its hands on Mast's cash income, will depend on a shareholder agreement between the two which, of course, we haven't seen. But given that Mast will need all the cash it generates and more to finance any other acquisitions, its unlikely any will come to Kibo. Rather it will be the other way round unless Mast raises more from the market leaving it free to pass some on to Kibo. The likelihood of Mast raising anything from the market without resorting to smoke and mirrors is remote.

[lurker5] 25/6/2021 13:51

True. Mast does owe Kibo a few £m. But how does it repay it in a reasonable timescale without raising it from the market ? As for Mast's status as a 55% subsidiary, its income and profits will be consolidated into Kibo's accounts. But those will show 45% as a 'minority' share which is deducted from Kibo shareholders' earnings. Whether Kibo can lay its hands on Mast's cash income, will depend on a shareholder agreement between the two which, of course, we haven't seen. But given that Mast will need all the cash it generates and more to finance any other acquisitions, its unlikely any will come to Kibo. Rather it will be the other way round unless Mast raises more from the market leaving it free to pass some on to Kibo. The likelihood of Mast raising anything from the market without resorting to smoke and mirrors is remote.

[sirianbotham] 25/6/2021 11:01

No need to disagree yaki. He's wrong.

[sirianbotham] 25/6/2021 11:00

Feel better after that ....

[yaki] 25/6/2021 10:14

This is from Mast accounts as of March 2021

Current liabilities

Trade and other payables 38,586
Other financial liabilities 525,000
Loans from group companies 2,745,025

[gah123] 25/6/2021 08:17

News next week going by the trading action. We could get an update on the coal disposals.

[gah123] 24/6/2021 22:10

Broken out of the downtrend, should get to 0.40p on the next wave up.

[lurker5] 24/6/2021 20:29

grim - Not all however ! One in particular seems to have been behind this latest puff - and the soon to be transient resulting spike.

[cj41] 24/6/2021 18:30

A good summary.

[grimreaper2019] 24/6/2021 17:42

You have to laugh at the power puff pieces provided by various media outlets, Coetzee is a expert at spin and has ability to suck in new investors at will with his story telling.

His appearances in front of real shareholders / critical investors had long gone well before the virus restraints. It's pretty obvious why.

Has anyone from these media outlets got the balls to ask him why any investor who backed him from his appointment at Kibo Mining circa 10 years ago have now lost 98% of their cash, or why the many multiples of projects have never ever delivered a bean of revenue, no thought not !

Big deal that KIBO can move from these hopeless levels by 20%/30% in a day occasionally, the real issue is no rise will ever be sustainable.

Lurker has called this 100% from the start, even former mega bulls, many of whom have been wiped out, can see though the puff and wind these days.

Avoid this like the plague.

[ken chung] 24/6/2021 16:09

Sadly KIBO don't appear to have revenue sharing agreements with Mast for the UK or Newco for South Africa. Thus its reasonable to assume revenues will remain outside KIBO, which will just be left funding someone else's projects using dilution. These venture builder models usually end up shafting the pi's stuck holding in the original company.

[johncasey] 24/6/2021 13:52

massive rns justout at alba resources...commercial gold!

[cj41] 24/6/2021 13:47

It never ceases to amaze me that after dropping from 5p (and reaching 10p at one point about 4 years ago) and then dropping to 0.15p there is a frenzy when the share price 'rockets' to 0.3p. It looks like we might settle back down around the 0.2p-0.25p level again.

[brut winky] 24/6/2021 09:39

EQT could still 10x from here in next couple of years and are currently a good buy.

[nigelpm] 24/6/2021 09:35

40x?? That would give it a market cap of c.£260m - with no historical revenue to speak of that would be quite something. At £6.5m market cap it's certainly worth a go though.

[brut winky] 24/6/2021 09:34

True they've had the big rises, but still gains left in both, i hold some EQT, but fancy some these and I'm interested who's tech they use.

[city chappy] 24/6/2021 09:21

You are missing the key point that KIBO could quickly 40x bag from here, but EQT and PHE have already had their rises.

[brut winky] 24/6/2021 09:13

City chappy: notsure why you would sell EQT when they're a maket leader in the tech these use.

KIBO are just an operator from what i can gather, using others tech, does anyone know who gasifiers they use and are planning to get more, because it looks like IGE just puts a plant together and doesn't make any tech itself.

[sirianbotham] 24/6/2021 09:05

Intriguing

[nigelpm] 24/6/2021 08:34

Looks like two wealthy individuals are the buyers - can find them on linkedin - but might not be the same people - not letting up this morning either - 35m traded already