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#41 jaDEB

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Posted 15 February 2017 - 04:33 PM

Bloody hell, why is the text so BIG .... :huh:


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jaDEB

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#42 Targeter

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Posted 15 February 2017 - 03:44 PM

I think Kibo’s share price will within six months to a year rocket upwards, and the present share price of 115c will double, treble, quadruple, quintuple, sextuple and more, in accordance with a long pipeline of good news announcements over the next two or three years, such that Kibo’s success will even be referred to in the nonfinancial pages of the newspapers.

 

Kibo has three main projects, all in Tanzania. The gold project called Katoro will shortly be packaged into a separate JSE-listed company and each shareholder in Kibo will receive shares in this new gold company. The nickel project called Haneti is deliberately being kept on the "backburner". The third is the Mbeya coal-to-power project, which is no longer at "explorer" stage but is "developer".

 

All deskwork has been done or is well under control, and the company is presently negotiating with the Government for the all-important variable of what price the government will pay for the electricity, after which the big boys will commit funds (probably a mixture of equity and debt) and the mine and power station will be built with the first kilowatt scheduled for 2019.

 

This transition from explorer to developer has not been reflected in the share price.

 

In short, the project will supply about a sixth of Tanzania’s electricity. Tanzania is short of electricity and the electricity it’s got is in many cases unreliable. It’s very keen to end that situation and common sense dictates that it must buy electricity at a price that makes Kibo a financial success.

 

I can’t see the Government not going through with this.

 

For those who are prepared to take a calculated risk with R25000, I would say the share price chart shows the present price of 110c (intraday) to be at a support level.


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#43 Bits

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Posted 28 April 2016 - 12:17 PM

AltX.. no liquidity, blogosphere expectations of good news means you have to pay up to get in, if good news comes you smile (until you try to sell), if no good news your paper wealth decreases rapidly  :blink:


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#44 coasti

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Posted 28 April 2016 - 12:00 PM

Its following LON:KIBO


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#45 0291070

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Posted 28 April 2016 - 11:14 AM

What is happening here?


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