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TTP, you could very well be right, the most exciting part of Kibo / best hope is probably MED. We are desperate to have Bordersley start on time and we equally need the pipeline of projects with Balance Power UK to come about rather sharpish, but we’ve been disappointed here so many times before I’ll believe it all when I see it.
JD
Much depends on if you're looking from the bottom up or the top down !!
CTP is very hard to legitimately make returns as an investor
Focus here perhaps less about Coal
Also all the board bought in the placing
Feels like a line in the sandy
TTP
They still are apparently
But I do see increased opportunity here
Lukewarm but ready to gain temperature soon
Especially if I raise funds to add more Kibo
TTP
Was the liquid you dipped your toe in tepid, warm or heating nicely? Good luck with you sizeable purchase!
Dipped my toe in with some at 0.4418pence
TTP
Sentiment is on the floor here, no getting away from it. Being AIM, it can change in an instant as SleepyDave says with the right news, that job lies squarely at the feet of the CEO to achieve.
JD
Yes this is exactly what is making me more interested in Kibo now given you can still buy at the placing price
TTP
You are of course completely correct re sentiment here TTP.
Which I would suggest makes KIBO rather interesting because as we all know on AIM sentiment can turn on a pinhead.
Thank you
Helpful to check on the sentiment,which feels rock bottom
TTP
History tells me (I would say ‘us’ but I have to be careful) that March for first cash flow or invoiced revenue will be missed. If not it will be the first timeline ever that is met.
Yes indeed JD , I have now come to the point that I concur wholeheartedly with you. Trust, truth, optimism, everything has long since departed the scene.
I wouldn't believe anything this CEO says until he actually proves it, TTP. The only thing he has delivered to date is shareholder misery.
JD
It could be the key to Kibo's valuation and a giant catalyst
They said
Are you on track to generate first revenues from Bordersley at the end of Q1 2020 and what will this mean to the Company?
Yes, as recently announced in the latest Bordersley project update (RNS dated 10 December 2019), based on current planning and progress it is still expected that Bordersley will become commercially operational and generate first revenues at the end of Q1 2020.
The free cash flow and net profit to be generated by Bordersley and all other current and future projects will significantly contribute toward Kibo's ongoing working capital requirements, with the ultimate goal for the Company to self-fund all ongoing working capital requirements from project revenues in due course.
So no need to place again
No one knows. The CEO doesn’t think us PI Plebs worthy of knowing such information.
JD
what are the UK projects worth?
TTP
No way! 3p and I'm gone, even 2.75 p and I could be tempted to let them go. I'll hold until then but I'm afraid ole blue Eyes LC has lost the plot.
Funny how white western governments are more than happy to have foreign mining companies employ 8 year old children to pull cobalt out of the ground with their bare hands to make the batteries that go into their new £1k I Phones, but utilise the same cheap baseload energy that we have for 200 years? No, that would be an outrage, another reason why China and India will clean our economic clocks in the years to come, we are making ourselves matter less and less relevant to poor people who wish to get on the ladder in the developing world.
Doesn’t matter anyway us. If and or when (and it’s a big bloody if) we ever get one of these off the ground it will be Chinese money anyway. Look at Shumba’s recent announcement on the funding of the petrochemical plant.
JD
SYM are you looking to get a lower buy in price here?
''British aid money will no longer be spent on exploiting coal abroad, Boris Johnson will announce on Monday in a bid to shore up his green credentials.
The Prime Minister will ban the use of UK funding to pay for mining or burning coal in developing nations. The move comes after persistent claims Britain is "outsourcing" climate emissions by reducing its own levels of CO2 while importing goods from abroad which produce high emissions in other countries.
Green groups welcomed the announcement but called on the Government to go further by withdrawing funding from oil and gas as well.
African nations summit
Mr Johnson will today host 16 leaders from Africa, including the presidents of Egypt, Nigeria and Kenya, at the UK-Africa Investment Summit in London''