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The funding amount take it with a pinch of salt as that's all semantic until any of the deals get the final approval.
unless if LC has strong connection with wealth chinese. and we do know that he has,
so i expect chinese will fund our projects . china is not no longer in lockdown, so hopefully news soon
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.
Way
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
TTP
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
Many NCCL holders would also argue that it is undervalued too,this is a fair argument
It clearly shows how cheap everything is
Dare one mention EDL even,it appears to have more self help and support from shareholders and backers and may yet surprise
I am not keen that anyone try to score points versus other peoples investments at this time
TTP
Coal is not dirty in Africa
Kibo future is likely to be based around UK & more green areas,this also allows funding to be more likely,hence the $100Million referred to in last RNS
Kibo has cash and gold asset etc via Katoro too
It is a long way from going bust
You cannot compare cleanly with NCCL,but note NCCL has debts and likely low cash,both companies have merits
But I agree the market cap of Kibo is too low here
At some point the market will wake up
As I have said a few times those 0.8pence warrants will not exercise themselves
Very good luck and entry to those buying today
Safety first
TTP
And your consistent itteration that has peak power is yesterday’s technology is in direct contravention with Ofgems own strategy. But I guess you know more than them?
JD
If the issue is ‘Coal’ in perfect isolation as you claim, Short6, why does NCCL with one COAL project have a MCAP 6 times greater that ours?
JD
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.
sentiment can change easily. i have seen across many other shares, where sentiment can change overnight for positive. at current sp, its not the time to sell imho. its time to accumulate. look at other share such as BZT who went down almost nothing, then suddenly rises back up.
now is the time to start taking position in bombed out shares, such as KIBO
Price seems to be in yo yo phase in who knows might go back up then made a cool 25% increase or could fall even further down
bugger should have take more
we are down on very small volume. wish i could buy more.
well done to those able to average down on this cheap bargain