Kibo Energy Share Discussion Threads

[jdwag] 28/11/2014 07:09

He did say by recieved the reports by 30 Nov, so don't feel to disappointed if not today, just means next week is the week.

JD

[drrichard] 28/11/2014 07:05

You would have to think today or very early next week, wouldn't you?

[10009504] 28/11/2014 07:00

Morning all is this the day the golden goose arrives then?

[pj787] 27/11/2014 20:05

Tanzanian power prospects on the horizon

Tanzania-based minerals exploration and development company Kibo Mining is conducting a prefeasibility study for a 300MW coal fired power plant in the Rukwa Region of Tanzania’s Southern Highlands. Engineering consulting firm Aurecon was appointed to undertake the study.

Kibo CEO Louis Coetzee told press “We are pleased with the acceleration of this study and the appointment of Aurecon. The form is undertaking a review of historically gathered information and the comprehensive nature of the data available enabled them to commit to delivery of the full prefeasibility study in early December this year.”

IPP appeal

Aurecon’s power generation division leader Ashley Grohn added that Kibo’s decision is another example of private sector enthusiasm for the establishment of power infrastructure in Africa, as the company has identified a growing number of Independent Power Producers (IPPs) embarking on new developments in the continent.

“Coal reserves are extensive in the region to the point that alternate energy conversion technologies could be entertained by Kibo in the future,” Ashley said.

The Rukwa power plant prefeasibility study will require Aurecon to assess and test various available power plant technologies for performance and feasibility, including boiler technology and cooling system design. Power evacuation and environmental prefeasibility is also being investigated.

Economic benefits

Ashley said that the study provides Aurecon with another exciting opportunity to leverage its global strength and knowledge in power project development into Africa.

Economic modelling tests undertaken by South African university Unisa in 2009 indicated a strong causal relationship between energy consumption in Tanzania and sustainable economic growth. If the coal-fired power station goes ahead the socio-economic benefits for the south-west region and for Tanzania are tipped to be substantial, both during construction and operation.

Following completion of the study, Aurecon will assist Kibo Mining with the next steps to enter full feasibility at the start of 2015.

By Liesl Frankson on November 27, 2014

hxxp://www.infrastructurene.ws/2014/11/27/tanzanian-power-prospects-on-the-horizon/

[pj787] 27/11/2014 19:33

Tanzania: Boom Time for Chinese Involvement in Africa's Tanzania

may have been posted before, just shows you the interest in Tanzania just a matter of time before the jv is signed or funding involvement in projects.

[eye2] 27/11/2014 18:38

C j if they did sell only 1.7 mill 12 mill vol again today

[ertugrul] 27/11/2014 17:21

I have not seen any chart moves on straight line UP there is always breathing on its way, we seen one of them today, tomorrow will carry on its journey...

[ertugrul] 27/11/2014 16:51

It does not make any difference, Friday or Monday, it will eventually come.

[california joe] 27/11/2014 16:43

Had an RNS last Friday bill ;)

[bill182] 27/11/2014 16:37

Don't think I will be setting my alarm clock for tomorrow morning. Looks to me like it will be Monday now for the next announcement, but I hope I am wrong.

[california joe] 27/11/2014 16:16

I had a memory flash lol and remembered something about the 27th!

[bill182] 27/11/2014 16:11

I wonder if some of the posters on here and LSE work for the 'advisory' company!

[bill182] 27/11/2014 16:09

CJ - well remembered. A nice return for the 'advisory' company.

[pete653] 27/11/2014 16:00

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[pj787] 27/11/2014 15:49

Well if it is the placees dumping then the better for us when there done we will be better off.

[cammy3] 27/11/2014 15:46

6 consecutive blue days can e make it 7 ahead of the big news

[jdwag] 27/11/2014 15:44

If the theory is correct that this is placing shares doing the damage, then since the 17 Nov when we got back to 1.5p (breakeven point for the last placing amount on 8 Oct) we have traded 61m+ shares on LSE alone (not including the amount on ISDX). So how many more share of the 53,333,333 (after we deduct the Director shares taken on the placing) placing shares are left?

Can’t be much can it?

JD

[michaelsadvfn] 27/11/2014 15:28

This is a right old game, only because they know what's happening on the inside and we don't. It's guesswork for us.

I can see why they do it. Someone from a recent placing obviously is dumping some at 2/2.05(if they can get that price) so the mm's don't need any shares and that's why the(real) offer isn't going up !

If you want to sell to them when they already have a line of stock you'll get what they offer....1.85.

That's how I'm reading this.

Could be completely wrong...but I don't think so.

[pj787] 27/11/2014 15:24

Traders mostly trying to make 5-10% news is imminent read latest RNS and recent interviews.

[10009504] 27/11/2014 15:23

May have been an automated stop loss trade