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:-) :-) :-)
'Dear Investors, please can we have more abilities to issue more shares than the 100,000,000,000,000,000 already in issue. We need to pay more companies in confetti and do more placings to keep the gravy train going
Kind Regards,
LC xx'
I know, the bloody vets bill is killing me.....
Cannot believe this old dog is still going.
When is the IPO likely to happen? I'm sure some od the funds are intended to be invested into two Eqtec advanced gasification projects, Southport and Billingham
Just give it up you are just embarrassing yourself trying to pump this dog.
Oil price up over 2% yesterday on news Russia to cut production by 500,000 bpd. Also China coming back online ~ this may all lead to higher energy prices and is a possible boon methinks for Kibo and its intended IPO of Ultimate Sustainable Energy (USE) on AIM. GLA. DYOR.
as this becomes ever more illiquid for selling in volume.
Pybridge the only project generating 9 mw of revenue…..out of all the projects this is the only revenue generating project ….after all these years. At last a truthful RNS.
Of course if won’t Jax, if previous performance is anything to go by, it’s very easy to say that’s the plan and then when that deadline falls by the wayside, to just update it a year or so.
Gravy train for those receiving remuneration from the various placings and funding strategies, not so much for long suffering investors.
At last some honesty
But the 12-24 month revenue statement isn’t going to happen
Convert its African electricity-generating asset fuel supply from coal to biofuel technology, subject to proven technical and commercial feasibility (RNS dated 25 August 2022).
· Identify and secure South African and United Kingdom Waste to Energy ("WtE") and flexible/reserve-power projects (RNSs dated 18 May 2021 and 19 April 2021, respectively).
· Enter the Long Duration Energy Storage ('LDES') market, comprising Battery Energy Storage Systems ('BESS') integrated with utility-scale and microgrid renewable energy solutions (RNS dated 17 May 2022).
· Realise shareholder value with the continuation of its spinout strategy, whereby the Company's WtE and biofuel projects to be potentially held in a new AIM-listed vehicle. Ultimate Sustainable Energy LTD ('USE'), is being prepared for listing on AIM via an initial public offering ('IPO'). (See RNS dated 29 September 2022). In this regard, as part of planning and preparation of the IPO referred to above, the Company has identified a Nomad and Broker and is in advanced negotiations towards agreeing engagement and mandate letters with a view of completing the IPO during
Well we all know what that means.
“ The Company is currently sufficiently funded through its existing financing facilities, assuming deferral or otherwise settlement in equity of the bridge loan facility announced on 16 February 2022 and GBP660,000 Convertible Loan Instrument held by Kibo executive management and directors, to cover operational expenditure for the short to medium term while the Company actively pursues various funding opportunities. These include equity, debt and project financing, to fund the ongoing development of the various projects within the Kibo Group Project Portfolio and to bring the advanced projects, as outlined above, to Financial Close as soon as possible.”
“ o Funding for the construction of new coal mines is not readily available, especially for thermal coal deposits;
o All the Kibo coal assets are situated in very remote areas with very little to no existing infrastructure, far away from any export port (more than 800 km) and with no significant local coal market; and
o The Kibo coal assets are thermal coal deposits and, although thermal coal is in big demand now, it does not command a premium price, which makes such deposits less attractive for exporters, especially when considered in conjunction with the above two points.”
Doesn’t sound particularly attractive does it, nice to see it in RNS finally though.
Let's see the ££££ in this eventful 2023...gla
I think "WE" probably paid LCs BA account. Back in the day when I invested in KIBO the only saving grace was that I invested the same amount in SLP. That has covered my losses here, and trust me they are painful on the eye when I look at my II account. Everything happens for a reason, but it still smarts...
Wow Jax,
Do you offer a private ‘pay for insights’ site, as I’d Eh Hem, really benefit just maybe… or maybe…. Or just….
Mm…
Lol
This has got EDL written all over it
Other than the fact LC is the biggest crook out there.
#SA out
at the 1p party oh dear
Oh dearie me! Wimbo. You and I have been around for many years as LTHs. Mylene Klass will be disappointed that she has not yet been on your arm to the £1 party. It all seemed so full of promise. One encouraging note is that Yaki invested big time and I presume is still a big holder.
It would be good to meet one day.
How are they going to repay the drawdown amount plus interest?
“ The Facility provides for an initial drawdown (the "Initial Advance") of GBP1m which is immediately available to the Company on signing of the Facility. Funds advanced under the Facility will attract a fixed coupon interest rate of 3.5% and will be repayable with accrued interest, 4 months from the date of drawdown.”
So when was the drawdown date? From the EOY it looked like they had used this 1m facility, but what isn’t clear is when, or more to the point, when the repayment is due.
And of course the deferred directors wages etc.
Good luck Wimbledon, I hope it works out for you.
and i have a lot of shares
im closing an account and its quicker in cash - buying back as i cant bear selling anything at this price and although the answers nothing I still think the SP will rise from these levels before I am in a home lol
Genuine question Wimbledon and I'm not taking the ****. If you've sold just under 5M shares, why are you going to be buying them back?
What has Coetzee done in the last 12 years to convince you that you're on a winner?