London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
LC can only arrange Memorandum of Understandings which we all know are worth diddly squat.
He hasn’t achieved anything substantial and has had millions of pounds to do so. The only noteworthy thing he has done is provide a classroom for a Tanzanian school but that was imo a dirty sneaky cynical ploy to get the locals/government on board with the MCPP power play (RIP). I don’t see ANY charitable giving now that project has died.
JD - LC appears to be completely out of control. He does what he likes when he likes. He has a responsibility to KIBO shareholders but appears to ignore it. Why indeed are we chucking Shares at a company when the milestones have not been met. It makes no sense whatsoever.
Yes JD, strange that, surely there is no need to issue shares unless absolutely necessary and if there is a good reason, I hope we hear about it.
Also as Kibo's share in KAT reduces with dilution, to what extent are the Kibo resources being utilised to progress work on the Katoro and Blyvoor mining JV, such that KIBO actually benefit and so increase there share percentage of KAT. Or is it simply guileless on my part and that this work regime of KAT employng Kibos' resources is simply being accommodated by the eventual issuance of shares to the relevant staff/directors. Surely not!!!
TTP, personally, if we were able to obtain $25m in funding I can see this jumping up to around 2p, possibly higher as it would show investors there’s finally some value in this share. If we could obtain the $100m that LC mentioned the other day, that’s a game changer, which would bring a lot of interest to our other projects too, so could see a jump straight to 5p, if not considerably higher as it is still a fairly small project compared to our others.
I don’t actually mind LC myself, as I’ve held shares in many places with much worse Directors. However, I do question his ability to gain $100m of finance as that kind of money doesn’t get through around easily unless you’ve got a proven track record or an extremely enticing project.
Just working through the Kibo announcement of 30 March 2020 regarding ‘Bordersley’ (I’ll use Kibo’s spelling for now). Interestingly, when added up, Kibo where to issue 46,067,206 for full consideration of the 100% interest (I lay it out below) which they have already done despite the deal not being honoured!
As of the RNS of 30 March 2020 this has now been paid in full (even though they have utterly disregarded the RNS and detail contained within of 26 June 2020, it’s also been paid out in the wrong order).
22,067,206 paid RNS of 26 June 2019; 6,000,000 paid RNS 9 September 2019; 10,000,000 paid RNS 10 December 2019 and 8,000,000 paid RNS 30 March 2020 (for a total of 46,067,206).
As per the blow extract from the RNS of 26 June 2019 they have issued the shares all shares despite bullet points 4 and 5 not being honoured (we know this because they told us in the RNS of 17 March 2020).
• An immediate payment of 22,067,206 ordinary shares in the capital of Kibo at an issue price of GBP0.0525 per share ('First Tranche Shares');
• Upon receiving confirmation from MED that a preliminary notice to proceed with construction on the Bordersley power site has been issued by the Owners Engineer for the construction and commissioning of the Bordersley site - 6,000,000 ordinary shares in the capital of Kibo at an issue price of GBP0.0525 per share – Paid RNS 9 September 2019
• Upon receiving confirmation from MED that a final notice to proceed with construction on the Bordersley power site has been issued by the Owners Engineer for the construction and commissioning of the Bordersley site - 6,000,000 ordinary shares in the capital of Kibo at an issue price of GBP0.0525 per share;
• Upon receiving confirmation from MED that the Owners Engineer for the construction and commissioning of the Bordersley site has commenced with commissioning of the Bordersley power plant - 6,000,000 ordinary shares in the capital of Kibo at an issue price of GBP0.0525 per share; and
• Upon receiving confirmation from MED that the Owners Engineer for the construction and commissioning of the Bordersley site has confirmed steady state production at the Bordersley power plant - 6,000,000 ordinary shares in the capital of Kibo at an issue price of GBP0.0525 per share.
So why is LC throwing about confetti that he doesn’t need to?
The only was LC knows how to get funding is by giving away huge numbers of shares. Who, in their right mind would provide KIBO with debt funding given the performance of its BoD who appear to be clueless. There is also the tiny problem of there being absolutely nothing to fund apart from the incomes of the BoD.
If and we know it is an if,but what is anyones prediction if for example some funding for the UK projects was forthcoming,lets say for $25million or $50million,where does that see Kibo share price going to for starters?
I have a view,but do not wish to bias, also lower than the current price is not an acceptable answer
To be honest we're hitting the true value of Kibo, it's not generating any money, it hasn't got anything complete or officially signed which will result in revenue being received so at the moment it's considered a leaky bucket where money's just going by the wayside
The problem ivans is that KIBO want to build 3 coal fired power plants in Africa, when the world, due to climate change is against building new ones. They also want to install gas fired peaking plants, when the industry is moving over to battery storage peaking plants. KIBO's management have their heads stuck firmly in the past and can't look to future. Development in this industry is moving too fast for their tiny minds. IMO KIBO could easily go bust.
People now need money to weather the oncoming financial storm and will sell out at any SP. Add that to a CEO who has hurled shares around with reckless abandon, a PI share base that would get out if they had the chance, a major shareholder that uses us as a sock puppet and a circling wagon of bucket shops and there really is the chance this goes to 0.1p per share.