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bcl42
Like most here I would like to see the SP rise rapidly, but am happy to fill my boots if it's doesn't, and will continue to do so until it does!!
Thanks for the responses to my question. There appears to a consensus in both terms of vastly SP reduced expectations and unhappiness (polite) at the actions of the Board in filling their boots.
Well at least there have been some good posts on the company today something I have been looking for for some time now.
Interesting to see peoples expectations adjusted which is fair enough given all that has happened.
Post of the day though is one re Sandersons and there holding, TR1 notification or lack of did Sandersons sell down 59m shares when being 'inside' to the placing?
I feel this is a point worth discussing by the respected lths.
well bcl, if i could predict the future....... what I can do however is go back to the reasons why I invested in Kibo in the first place and that may help explain the reasons why I am still here today, having not sold a single share in over 5 years and still buying when the opportunity arises. The fundamentals and the strategy of supplying electricity to an underdeveloped region of the world to enable it to take it's first steps into industrialisation have not changed one iota. This region of Africa has and always will have the largest untapped mineral resources on the planet. No one could have seen coal becoming such a dirty word, but i still strongly believe and so does Kibo, hence the strategy shift towards complimenting coal with renewables , a kind of bitter sweet approach. Coal is not dead, far from it and as soon as the west accepts that it has had it's industrialisation and dumped it's fair share of emissions into the atmosphere over the last 100 years, it's now time for them to clean up their act and allow Africa to use it's resources to achieve it's industrialisation goals. It will happen, however it just requires going round the block a few times more and coming at it from a different direction. When you look at the names that have and still have association to Kibo, the likes of GE, NRF, SEPCO, etc,etc. these are not micky mouse organisations, they know far more than me, and if they are still associated today as they were back then, then they clearly still see an opportunity and that is good enough for me. In terms of shareprice going forward, i have had to seriously adjust my expectations, 5 years ago it was a pound, 2 years ago it was 10p, now i'd be happy with 3p, but going forward and the big if, if we see some of the milestones being achieved that have been mentioned and I don't see any reasons why they won't be with sufficient funds behind us to progress them, then possibly upwards of 5p is possible, in fact anything is possible on AIM, high risk =high returns or F**k all. You pay your money you take your chances and I like quite a few others who have been here a long time that don't post anymore, i can assure are still fully invested and adding when possible. They just choose not to interact here anymore as it has deteriorated into a cesspit of particularly disingenuous characters.
Now we are funded it now comes down to news, if we can execute the MCPP and BIPP PPAs in short order this repairs itself quickly. It's not going back to 4/5p and time soon, for that MCPP and BIPP will have to be at FC and for the market to value this properly. Long road back, which is fine, gives me time to get my average down to below 2p and that makes me more comfortable being here.
I am expecting the cynicism meter to go off the scale in the next 4-6 weeks here, this whole thing has been an orchastrated by the BoD and their shareholders to manipulate the SP to maximise the benefits for themselves IMHO.
There is money to be made here if you have the funds to average down and you don't mind holding your nose.
JD
bcl42
We know it's not possible for anyone to have the slightest idea where we might be tomorrow let alone next year. Personally I believe there will eventually be a favourable outcome, and in the nearer term will favour those that have chosen to be proactive. As it stands I doubt it would take any more than 'news' of a potentially successful project to put Kibo right back up there.
All imho bwtfdik SO pdyor!
Knowing the FC point for mcpp that will encourage SEPCO to add any value will be interesting. With Tanesco it was easy, FC as 300mw. Now it may mean combined PPA to get 300mw for fc.
This may come sooner than some think .LC was preparing this before Tanesco pulled the plug. This will not be a new series of negotiations.
Small one for MED
Maybe something for BIPP
I am not sure I would place any value on the ML for MCIPP
Hi bcl
Its difficult to make either positive or negative predictions at the moment for various reasons including
1. As we know prices of AIM shares depend to a large extent on sentiment. Lately thats been pants here.
2. We’ve been given to expect a couple of PPA’s by the end of the year. If delivered imo sentiment will improve and predictions may get more optimistic.
3. We have enough working capital now to see us through to the stage where if all goes well (big if you may say) project funding may be available. If at any stage it is it’ll give us a big boost.
There are of course so many imponderables that considering future price gives fertile ground for both optimists and pessimists.
Maybe after another 3 months we’ll have better indications of whether the momentum is with us.
To be honest those guys don't know, they're as much out of it as those annoyed with the state of Kibo, they've just gone quiet as like Jax said embarassed by their investment decision.
Dave, SD, (Wimbo?), SirG, CF and other sensible posters, what do we now see as a positive outcome here? Obviously progression of the projects but I am struggling to see anything close to 4p or 5p in the next couple of years. Other views please? Sonic please don’t bother in any of your guises.