KBO

Is there any life/hope here? Took a bit of a gamble on this one at 3c

I'm in at 5c, purely gamble = definitely not investing here heavily!

Edited by GutfeelTrader, 17 February 2023 - 01:54 PM.

Pity that there are at least 300m shares now (excluding director buys) that need to be sold into the market.  

Converting the UK price gets us to around 7.5c a share.  Might as well buy on the LSE than pay double the price here.

Edited by Magnet, 25 October 2019 - 11:08 AM.

The SENS is now displaying correctly.

CORRECT VERSION:-

The latest SENS dated 9 October 2019 headed 'Placing to Raise a minimum £ 1.5 Million & Project Status Update' currently is, on the websites of certain data providers, not being displayed correctly.

To see it correctly, go to the company website (http://kibo.energy) and click on INVESTOR RELATIONS then on RNS/SENS Releases then on the SENS heading.

The latest SENS dated 9 October 2019 headed '' currently is, on the websites of certain data providers, not being displayed correctly.

To see it correctly, go to the company website (http://kibo.energy) and click on INVESTOR RELATIONS then on RNS/SENS Releases then on the SENS heading.

You were right to be cautious as the price subsequently fell to 16c and now a placing has taken place at 0.45 pence or 08 cents using an Exchange rate of 18.5.

Yes, the price may fall to the placing price but I think this will instantly be seen as a bargain and buyers would soon push the price back to pre-placing levels. From there on the story looks good as governments do struggle to supply electricity. Some recent headlines read “Zimbabwe quadruples electricity price as crisis deepens” (9 October 2019) and “Zambia Electricity Prices Could Double as Drought Slashes Supply” (11 October 2019). This could mean that the “going rate” for electricity could rise significantly with consequent benefits for Kibo.

The saying goes that “Cash is king” and the company has secured substantial cash by the placing. Rather now than later on when cash gets even tighter. The first operational cash will soon flow in with the Bordersley project from about March/April 2020.

The placing may be oversubscribed which if it happens will be a good signal.

Certainly a share to watch.

You were right to be cautious as the price subsequently fell to 16c and now a placing has taken place at 0.45 pence or 08 cents using an Exchange rate of 18.5.

Yes, the price may fall to the placing price but I think this will instantly be seen as a bargain and buyers would soon push the price back to pre-placing levels. From there on the story looks good as governments do struggle to supply electricity. Some recent headlines read “Zimbabwe quadruples electricity price as crisis deepens” (9 October 2019) and “Zambia Electricity Prices Could Double as Drought Slashes Supply” (11 October 2019). This could mean that the “going rate” for electricity could rise significantly with consequent benefits for Kibo.

The saying goes that “Cash is king” and the company has secured substantial cash by the placing. Rather now than later on when cash gets even tighter. The first operational cash will soon flow in with the Bordersley project from about March/April 2020.

The placing may be oversubscribed which if it happens will be a good signal.

Certainly a share to watch.

To me, this seems like a great "get in" price - Almost a steal - Around 35cents

I really want in, but would like to wait for some better news and some steam first
I know it has been awhile, and will still take awhile for them to actually get going - But when they do - seems like this one go real high
Any thoughts? Thanks

No money has been granted yet. It's merely a management and advisory appointment.

She's alive.  $900m facility for a $10m market cap.

Edited by Magnet, 17 April 2019 - 05:37 PM.

She is ready...  Hold tight folks

Further to my post commencing “Quality of management”, the 2nd and 3rd of Kibo’s three projects have the effect of strengthening Kibo’s bargaining position in its negotiations with the Tanzanian Govt on what price it may sell its electricity at. It can say to the Govt in effect “That price is the lowest we can go. If you can’t accept it now we can meanwhile proceed with our other projects.” This lessens the company’s dependence, or perceived dependence, on the T Govt.

Further to my post commencing “Quality of management”, the 2nd and 3rd of Kibo’s three projects have the effect of strengthening Kibo’s bargaining position in its negotiations with the Tanzanian Govt on what price it may sell its electricity at. It can say to the Govt in effect “That price is the lowest we can go. If you can’t accept it now we can meanwhile proceed with our other projects.” This lessens the company’s dependence, or perceived dependence, on the T Govt.

Quality of management is an important aspect. I submit that “speed without mistakes” equals quality, for management just as much as for a typist.

Not previously mentioned in this topic is two new projects the company started, the “Botswana” project and the “Mozambique” project. The first was first announced on 30 November 2017, and completion of the acquisition was announced on 3 April 2018. That’s four months and three days including December and January, which are sluggish months.

Seems quick to me, and nothing seems to be negative or a “mistake” in the SENS notices.

The second was first announced yesterday, and hopefully there will be a rapid flow of SENS announcements making steady progress.

Seems like there's another delay rumors Tanz government require more checks in place. Absolutely pathetic given the countries urgent requirement for power.

Are the contract referred to by Pres. John Magafuli and the PPA (Power Purchase Agreement) one and the same thing?

I believe they are. One reason is that on 14 February 2018 the Government signed a Memorandum of Agreement with Kibo in terms of which there were set out “clear … timelines for the conclusion of the PPA (Power Purchase Agreement)”. These timelines include 31 March 2018 as a target date for the signing of the PPA.

That's only eight days away, and John Magafuli said "soon" ...

Whether the target date is met or not, I believe that soon the bargain-basement price of Kibo (110c) will be a distant memory.

Kibo's latest SENS "Tanzanian Government Prioritises Private Sector" is good news. Directly from the President of Tanzania, John Magafuli, it was said in connection with the unreliable power supply in the country, that the Government was working on it and "an agreement with a new contractor was expected to be signed soon". If this agreement is the Power Purchase Agreement with Kibo for the sale of electricity, it will be a major derisking of Kibo as the only further steps before revenue and profits will be funding and construction. And yet Kibo is still priced as an explorer ...