Kibo Energy Share Discussion Threads

[jdwag] 22/11/2014 20:27

I have always thought a One Off Cash Divi was possible when the JV was done. You would need less than £6m for a 2p Divi. Possible?

I think cash coming with the JV and a large major buying in is a given IMHO.

JD

[10009504] 22/11/2014 19:48

Just think if LC decides to distribute a divi when we get our jv cash. That would put cat amongst pigeons

[cammy3] 22/11/2014 19:03

Bringing in institutions and moving onto main market should be the focus post JV deal. I'm looking for a 10p dividend in 2018

[10009504] 22/11/2014 18:48

Yes if the market actually wakes up and believes LC we are in for a bumper Christmas. Just need then figures out. The other thing to consider is once the share price is higher LC has said some time back at one of the presentations that we will come off aim and go main market

[bill182] 22/11/2014 17:02

All sounding very positive across the various boards. Next week could prove to be very interesting indeed.

Post from HFO on another board:

Following recent updates on project economics I have revised my valuations on the Rukwa coal to power project (for ease based in UKP)

It is clear that the proposed JV partner adopts a policy of not signing a formal JV until certain studies have been completed.

Kibo Mining are concluding these studies and an announcement is due.

It will be in the interest of the JV partner to conclude quickly to ensure first user advantage in Tanzania

The coal mining operation alone could generate annual profit of £20m based on annual revenues of about £60m on 1.5m tonnes/per annum

I revise my earlier annual profit forecast on power generation to £85m on 300MW plant

I assume Kibo Mining will retain 15% of power generation and 90% of the coal mine

My valuation is based on a fully diluted 285m shares in issue and a PE consistent with PLC energy plays of 5

I expect to see a cash injection into Kibo Mining as a result of the percentage 'sale' of the power operation, this could range £30m - £40m

Based on the above (not accounting for the possible forward cash) my valuation of Kibo Mining's Rukwa coal/power project is....

57p per Kibo share

[cammy3] 22/11/2014 15:37

LC happy to offload to Tiger as he has much much bigger fish to fry. Let tiger get on with the donkey work. He knows COAL JV done otherwise he wouldn't have done this deal. Pretty insignificant compared to coal deal

[vivgav] 22/11/2014 15:16

Once it gets going........

[california joe] 22/11/2014 15:08

When you look at these figures, what is in effect actually happening is Kibo is raising a nice cash lump sum from Metal Tiger from the sale of shares. In return, Red Tiger are agreeing to invest $800k into the Uranium projects, in the knowledge that their 10m shares will net them a cool million quid profit every 10p the share price turns. So in effect, no doubt Metal Tiger are fully aware of the Rukwa deal and the gold situation, all their costs will be more than covered! In the next month or so, Kibo will have earned Metal Tiger a free investment in the Uranium, a profit on money they probably wont even have started spending and a share in Kibo!

The confidence in THEIR investment makes mine feel a lot better all of a sudden!

[tadtech] 22/11/2014 15:06

Kibo mentioned in this interview (around 17 mins)

Suggests high net worth individuals buying in is a good sign and a change in sentiment towards the company....

[cammy3] 22/11/2014 15:01

Its going to be a heavy few weeks ahead vivgav. Coal news next fortnight followed by Gold update first week Dec. And hopefully the lottery news for all shareholders with the JV finally signed

[the stigologist] 22/11/2014 10:15

oh dear mugs going to be disappointed


Highly Geared
21 Nov'14 - 22:51 - 15284 of 15293 2 0

All need to note it is the Pre Feasibility Study next week and NOT the full Definitive/ Bankable study which will be next year. The PFS is more scoping study level; it will at least provide broad financials/ economics. Many AIM companies have these;indeed BZM has a 4.7 billion iron ore DFS and is broke , but that's another story!

The game changer will be a binding JV with a partner who can fund construction. It may be the PFS leads to this but one step and all that....

[michaelsadvfn] 22/11/2014 09:12

Ta for that info jane, it goes some way to explaining the steady rise rather than wild share price fluctuations.

Must say I was never convinced KIBO was being shorted and no one came up with any evidence to the contrary. I'm of the opinion KIBO was dragged down to 1.1p bid purely because the market was expecting further placings which now seem highly unlikely.

If the share price continues to rise I wonder at what mkt cap the SB companies will allow spread bets on KIBO?

janestone 21 Nov'14 - 11:29 - 15212 of 15289 0 0

Highly geared

I disagree because I tried to open a long with IG yesterday and it was closing bets only. Then I spoke to them at 9am and the dealer said they're not taking bets on kibo because the market cap is too small. Let's face it, the market is driven by spread bets these days and so there is less volatility here but steady rises by cash buyers will provide recovery. Given IG are not covering kibo I doubt it's being shorted.

[cammy3] 22/11/2014 09:09

However the market not giving him any valuation as he's been talking about it for too long. We either going to be treading 2p or 50p plus. ie JV signed or not signed . No middle ground

[cammy3] 22/11/2014 09:05

We all know it's going to be worth 50p plus.

[10009504] 22/11/2014 09:00

If that guy knows what he is alking about and that only accounts for coal. Where should we be with all other minerals taken into account?

[vivgav] 22/11/2014 08:47

Only 55.3p to go then :-)

[ertugrul] 22/11/2014 08:44

Someone posted on lse board Today 08:04HawaiifiveORukwa valuation model1.65No OpinionFollowing recent updates on project economics I have revised my valuations on the Rukwa coal to power project (for ease based in UKP) It is clear that the proposed JV partner adopts a policy of not signing a formal JV until certain studies have been completed. Kibo Mining are concluding these studies and an announcement is due. It will be in the interest of the JV partner to conclude quickly to ensure first user advantage in Tanzania The coal mining operation alone could generate annual profit of £20m based on annual revenues of about £60m on 1.5m tonnes/per annum I revise my earlier annual profit forecast on power generation to £85m on 300MW plant I assume Kibo Mining will retain 15% of power generation and 90% of the coal mine My valuation is based on a fully diluted 285m shares in issue and a PE consistent with PLC energy plays of 5 I expect to see a cash injection into Kibo Mining as a result of the percentage 'sale' of the power operation, this could range £30m - £40m Based on the above (not accounting for the possible forward cash) my valuation of Kibo Mining's Rukwa coal/power project is.... 57p per Kibo share

[cammy3] 22/11/2014 07:21

Just worth a careful read over the weekend once againhttp://kibomining.com/uf/Letter%20to%20Shareholders%20v3.0_11-11-2014.pdf

[andrewh1] 22/11/2014 07:02

Thanks for the link Vivgav

[highly geared] 21/11/2014 22:51

All need to note it is the Pre Feasibility Study next week and NOT the full Definitive/ Bankable study which will be next year. The PFS is more scoping study level; it will at least provide broad financials/ economics. Many AIM companies have these;indeed BZM has a 4.7 billion iron ore DFS and is broke , but that's another story!

The game changer will be a binding JV with a partner who can fund construction. It may be the PFS leads to this but one step and all that....

[andrewh1] 21/11/2014 21:58

Any thoughts on having a punt now on Metal Tiger too? surely a significant re-rate here once JV signed will impact on their share price ..

[pj787] 21/11/2014 20:50

The MOU further marks another major achievement by Kibo over recent months, during which the Company has:

 

1.   Initiated three feasibility Studies i.e:

 

a.  Rukwa Coal Mine with Phase 1 Stage 1 of the Rukwa Coal Mine's pre-feasibility study already complete;

b.  Rukwa 300MW Power Plant on which the full pre-feasibility ;study is expected to be completed by 30 November 2014; and

c.  Preliminary Economic Assessment on Imweru Gold Project set for completion during early December 2014.

 

2.   Made considerable progress towards securing an appropriate development partner for the Rukwa Coal to Power Project

 

3.   Commissioned a Geochemical interpretation of latest exploration results on the Haneti Nickel Project;

 

4.   Now re-activated the Company's Uranium portfolio with an active exploration program to commence during 2015; and

 

5.   Stabilized the Company's cash position

 

We anticipate significant further news flow across our project portfolio in the coming weeks in what is building into an exciting period for the company and investors."