Kibo Energy Share Discussion Threads

[gilbly] 02/12/2014 07:20

Morning talking of reviews I notice that our broker Hume Capital Sec. went up 15% yesterday. I wonder if they have shares in Kibo?

It certainly should be interesting to see their next price review especially after all of the news due.

[nw99] 02/12/2014 07:18

Morning good to see our fav stock so active

[pj787] 02/12/2014 07:15

Good morning all. Let's see what today brings. Plenty of news flow due so expect this too March onward

[michaelsadvfn] 02/12/2014 05:20

Once all these things are out in the open I expect a new broker note.

11p target price might need reviewing.

Let's hope we have another huge volume day & get shot of a few more weak hands.

[tez123] 01/12/2014 23:34

Absolutely amazed we are at this level and people are selling because they are leveraged. Come back in one weeks time and kick yourself for selling. Come back in one month's time and kick yourself for selling three weeks too early.

[tidy 2] 01/12/2014 22:32

Lse post Today 22:26 Price: 2.65HawaiifiveO 152 postsSignificant Coal Mining ProfitsI wish to draw attention to material information that was released to the market both today and in the Kibo Mining RNS released on 9th October. What is clear from these recent announcements is that the coal mining side of the coal to power project will be hugely profitable for Kibo. What we know is that Kibo Mining has stated that 1.5m tonnes of thermal coal is needed annually. What we know is that direct mining cost ranges only USD1.60/t - USD1.90/t The price of thermal coal is USD $70 per tonne Even allowing a discount rate of 25% on the thermal coal, it is clear this operation will throw of significant levels of free cash (see below) This is further emphasized by this statement 'Short indicative capital payback period' In a nutshell this wording equates to we will make a great deal of cash. I estimate that Kibo could profit $15m to $20m per annum from this operation, we need to see the final CPR but clearly it is no understatement when they suggest profits will be 'significantly ahead of the Company's earlier expectations' The shares are chronically undervalued, put frankly the current market price is an anomaly. Buying at these levels carries nil risk based on short, medium and a long term time line. I always recommend readers do their own research before making investment decisions.

[pj787] 01/12/2014 20:50

Message boards are buzz with delight and excitement kibo mining on cusps of releasing significant shareholders value! .Today one could consider it as a taster of what's to come, I mean imagine when the herd arrives no stopping this then!

It really is a no brainner! Louis has hint there will be jv not if but when. I look forward to tomorrow morning in anticipation of further rises!

[eye2] 01/12/2014 20:23

Unbeliveable ,,,, an asset like that alone it a mockery at this price when you look at other stocks with Macp of 7 mill 100 s have debt ! Staggering we are only here at 7 mill cap

[jdwag] 01/12/2014 20:15

It was part of a reverse takeover when another company reversed into KIBO and with it can their Rukwa asset which they paid £21m for. Of course this was all 3 or 4 years ago with MCAPs were all multiples of where they are now, which is why the could afford the size of the Rukwa asset, this is what makes the current MCAP even more mental.

JD

[eye2] 01/12/2014 20:09

Just a side point we have No debt when did we pay for rukwa?and how when only been in this since late sept

[tidy 2] 01/12/2014 20:00

We are also extremely pleased to confirm that the findings of the report, notably in respect of the anticipated deliverable margin per tonne, and overall estimated profitability of the coal mining element of the RCPP, are significantly ahead of the Company's earlier expectations.As a result we can confidently say that the robustness and attractiveness of the coal mining element and the wider RCPP have been ratified and further enhanced with the findings of this report.We are currently examining the report in detail and preparing an update for shareholders that will include an operational project summary and key financial data. We are looking to expedite this review and anticipate releasing this update very shortly.Alongside the Definitive Mining Feasibility Study, the Company is also undertaking a Power Pre-Feasibility Study for the RCPP mine mouth power station. This report is progressing very well and is also expected to be received shortly and on schedule. We will provide investors with a separate update when we have received this study.We can also confirm that the Company's Preliminary Economic Assessment with respect to the Imweru gold project, is also progressing very well and will be delivered on schedule. Again, we will provide investors with an update when we have received this study.Louis Coetzee, CEO of Kibo Mining plc said "We are delighted to receive this, the first of three crucial reports which will tangibly demonstrate to the market the value of the Company's assets. We have held firm to our belief that the RCPP is a unique and highly valuable asset. As promised, we are entering a period of intensive market announcements and expect to be releasing several further updates in the coming weeks."

[ertugrul] 01/12/2014 19:46

Yes TedThat's is good news for us. Gold should do better. It's also good for my other holding GDP Goldplat

[jungmana] 01/12/2014 19:45

10p is very possible by Xmas to get us back to what we paid for Rukwa ( about £20m ). when that JV hits then the sky is the limit .

[eye2] 01/12/2014 19:06

Can not believe we are here even after this run Xmas we will be 5 p

[tadtech] 01/12/2014 19:01

Massive turnaround in the price of gold, now up $42 to $1217

Good for sentiment for the juniors.

[shafaq] 01/12/2014 18:38

Expecting this to go on a run daily as any one of the news could come at any time in the next few weeks.I'm expecting kibo to at least touch 10p or even more before Xmas, as a lot of news is now expected and the anticipation and demand for shares will be much greater and if one of the news is jv then I'm afraid those of us not in will have missed an opportunity of a lifetime.Excellent time to be in here and very much delighted to have topped up few times today, had the market been a little favourable today I'm sure kibo would have done 100%.

[tidy 2] 01/12/2014 18:24

Lse post JDwag 2,262 postsAs I said yesterday:Anyone who wants to see just how manically undervalued KIBO are take a quick look at Condor Gold (CNR). More specifically take a look at their La India PFS released on 14 November. This is for the Imweru comparison only (Rukwa, Pinewood, Haneti and the rest of the Victoria Gold Fields to be added). They delivered a base case and two scenarios in the PFS. Of course no two companies (let alone two individual projects in different parts of the world) are the same, what you will find striking however is the amount of gold they have / could have, this is very similar to KIBO's JORC amounts (of course Geology and Grades are different). It shows a Net Present Value (NPV) of 'An Internal Rate of Return ("IRR") of 22% and a post tax NPV of US$92 million at a discount rate of 5% and gold price of US$1,250/oz.' and 614,000 oz of gold produced over 9 year Life of Mine ("LOM") and Average annual production of 79,300 oz of gold over the 7 years of maximum production. You'll agree this is a very similar JORC number to KIBO's current Imweru JORC and the NPV for Imweru alone 'could' top $100mUSD as a standalone asset to KIBO's books value. Now also look at CNR's MCAP. It is circa £35m........KIBO's is £5.42m.........Seriously! I'm not here to value CNR (I know very little about the company) and I am certainly not bashing it, good luck to CNR, however, when you take a quick look and comparison of its assets to KIBO's you have to ask just WTF has happened to KIBO's MCAP!!! Clearly the 'Market' believe in the CNR story, but not the KIBO one, this is a historical reason, that is soon to change IMHO. KIBO is soon to have not one (Phase 1 report from our Definitive Mining Feasibility Study covering the RCPP coal mining operations that will feed coal into the proposed mine mouth power station), not two (Pre-Feasibility study covering the Power Generation operations at the RCPP) but three (Preliminary Economic Assessment for Imweru gold project in the Lake Victoria Goldfields) full economic reports for three separate economic packages. Make no mistake, the current MCAP here is an utter perversion!!! JD

[quinan] 01/12/2014 17:24

I like this As promised, we are entering a period of intensive market announcements.

So this is just the start of the rise, I would like this above 15p to at least keep any predator at bay. Then with the JV news who knows where we will be.

[eye2] 01/12/2014 17:11

Not bad when Aim was down 1.6 % lol

[pj787] 01/12/2014 17:10

Kibo Mining Shares Jump On Positive Rukwa Project Study Results.



LONDON (Alliance News) - Kibo Mining PLC on Monday said it has now received the final definitive mining feasibility study for the Rukwa coal-to-power project in Tanzania, which confirms the anticipated deliverable margin per tonne and profitability of the coal mining element are ahead of its expectations.

Kibo shares were up 15% to 2.35 pence on Monday morning, one of the best performers in the AIM All-Share, after it said the final study for the Phase 1 programme at Rukwa confirmed the coal mining profitability is ahead of its original expectations.

On the back of the study, the group said it can confirm the "robustness and attractiveness" of the coal mining element and the wider project.

The group is now undertaking a Power Pre-Feasibility Study for the mine mouth power station at Rukwa, which is said is progressing well and which it expects to receive shortly.

Kibo also said it is progressing with work on the Preliminary Economic Assessment for the Imweru gold project, also in Tanzania.

"We are delighted to receive this, the first of three crucial reports which will tangibly demonstrate to the market the value of the company's assets. We have held firm to our belief that the Rukwa Project is a unique and highly valuable asset. As promised, we are entering a period of intensive market announcements and expect to be releasing several further updates in the coming weeks," said Louis Coetzee, Chief Executive Officer of Kibo.

[ch4p_85] 01/12/2014 17:03

sold some FITB today to get in with a nifty 210k!

GLA

[pj787] 01/12/2014 16:45

Very good day, volume was excellent. And the most important thing is news is due! Question is are the traders/ short term investors going to get back in tomorrow at lot higher share price I guess. Well done to those who held on to there shares.
Onwards and upwards! Gla DYOR

[drrichard] 01/12/2014 16:45

Here you go. No 1 on ADVFN % gain. Nice one KIBO!
1 KIBO Kibo Mining 2.65 29.27% 0.60 1

[drrichard] 01/12/2014 16:36

2nd on % gainers (though might be top when readjusted), 2nd on BB postings. Nice strong finish. Excellent day and more to come, my friends.