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I can't speak for anyone else, but yes he does communicate with me, not sure why as I'm not particularly pleasant most of the time.
50,000 or 600,000 sale through idealing is currently at 0.3p
Couldn’t agree more. The NAV here alone is 2p+, which is a 5 bagger from here and that would also put circa £5m more cash on the books with the warrants at a time when cash is king. We should be multiples of here.
But that’s Louis, he’s the guy who waits till your out of cash then let’s the market and your largest shareholder shaft you senseless.
JD
The problem JD, is that is from the man who gave us 'not if but when', 'tipping point' and 'our stars are aligning'. He only has a history of not delivering. Otherwise everyone, including me, would be piling in.
Also, SGB:
‘Kibo is actively working on multiple offtake options and will inform the market of material developments in due course, however these are incomplete negotiations and the associated commercial sensitivities and the prejudice it could cause the company by effectively conducting these commercial negotiations in public inhibit news flow at this time. The Company has, however, stated at several occasions in recent time that it is looking at finalising more than one PPA by the end of 2019.’
JD
I would add to bring down my average but I cant completely convince myself that this isn't all smoke and mirrors and that there's a good chance I could lose the lot. That's the LC effect. To-date it has all been promise and disappoint and no PPAs before the year end will be yet another example.
He hasn't spoken to me for over 2 years. He was much more credible when he at least had the courage to take a call from a concerned/disgruntles shareholder. He lost my respect when he lost his bottle.
That’s about the gist of it, Bcl. I’ve never been anything but polite, but after some searching comments about his performance here as CEO here and the actions surrounding his largest shareholder leading up to the Placings It would appear Louis has decided to stick his fingers in his ears and never talk to me again. Says it all!
JD
As far as I can gather from previous announcements on timelines / progress
Botswana / Mabesekwa
The following agreements have a long stop date of March 2020 and as of 6th Dec are on track to be completed by 20 March 2020.
1. Coal Sale Agreements with KEB to establish the MCIPP Resource as a secure and exclusive feedstock supply of coal for:
o The PCP for 100% of its feedstock requirements (on the back of a binding Coal Supply Agreement already put in place by Shumba);
o The KP1 Power Plant for 100% of its fuel needs; and
o The MCIPP Power Station for 100% of its fuel needs
Power Purchase Agreement between the PCP and the KP1 Power Plant for exclusive supply of the necessary 300MW of electricity to the PCP.
Power Purchase agreements between MCIPP power plant and future commercial off takers.
MAST / MED
As of 30th Oct ‘the delivery of a fully operational site at Bordesley by end of Q1 2020 and the associated first revenue generation for the Company.’
Mozambique / Benga
5th Sept - Signed term sheets for PPA and Coal Supply Agreement … ‘demonstrates clear intention of the involved parties to enter the next phase of negotiation aiming for execution of a final binding PPA in Q4 2019 in compliance with all relevant regulatory and statutory requirements.’
9th Oct – ‘The Company recently delivered a DFS and subsequently signed term sheets for coal supply and power purchase agreements with Vale Mozambique, S.A., and continues encouraging discussions with Electricidade de Moçambique ('EDM') under the existing MoU as part of the PPA process.‘
30th Oct - "On a wider level we are in Maputo this week continuing negotiations with Vale Mozambique to finalize the Power Purchase Agreement and Coal Supply Agreements for the Benga Power Plant Project for which term sheets have already been announced. “
6 weeks ago so is Q4 2019 still on?
Tanzania / Mbeya CPP
Last update 9th Oct – “Mbeya Coal to Power Project (MCPP), Tanzania (100% interest) - a project fully developed to construction ready status, comprising of a 39 MT mineable reserve and a 300-600 MW power plant is making headway and remains an exciting opportunity as highlighted by the recent confirmation from TANESCO that Kibo has the option to develop the project for the severely undersupplied power export market. Kibo is actively pursuing the export market alongside opportunities within the domestic market. Recently, the Company was granted seven Mining Licences and the Project's Water Permits was successfully renewed, showing continued dedicated work, progress and development on the MCPP.”
LC does not take criticism well, regardless of how politely it is delivered. He obviously still somehow believes that 10p to 0.39p is an achievement and has added shareholder value.
CF, does LC still respond to you or any of the Twitter Group’s emails / communications?
I ask, as LC no longer responds to me in any guise, I guess someone critiquing his $h!T performance doesn’t fit the master of the energy universe he has painted himself as!
JD
0.40 on the bid and an sp of 0.39..... more games afoot