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Africa time!!

Is there an irony there that I'm missing?..

Kibo Energy PLC the multi-asset, Africa focused energy company are getting a kicking today.
Regarding their Tender. they are in exactly the same boat with their MCPP as we are with our
RCPP.

strategy: Creap it up and crash it down!

That's quite a drop!

Nothing new there either..

Apologies, and not a Freudian slip, I should have said the MCPP not RCPP :)

Personally I've never tried to sell, I just keep adding and adding!, but each to their own!!

"Ain't Nothin' Goin' On but the Rent"

I think it's reasonable to assume that with regard to the RCPP in particular that LC is treading water while battling with the mentality of a typical African Government, let alone their archaic bureaucracy. He did issue the Shareholders Letter recently in an attempt to quell the frustration, but unfortunately it didn't contain anything that we don't already know.

There could be some sensitive stuff going on, but it seems as if we are all just sitting waiting for something to happen as we have been for many many years.

Little has change except the SP...

“It is hard enough to remember my opinions, without also remembering my reasons for them!”
Friedrich Nietzsche

Having spoken to Mark and sensed his enthusiasm I would guess he is itching to get some news out, and I know he wants that re-rate that wasn't forthcoming when he had hoped last year. I doubt (sincerely hope) they will not holdback once they have something worth putting out.

An office on another Continent would be nice!!

The reason I will never again sell out of a company because the SP is on the floor, unless I know unequivocally that there is no chance of a recovery.

In 2010 I sold my 300k shares in Oxford Biomedica (OXB) because the SP went into free fall. A share that I had paid 13p for some years before in a £39,000 investment were sold for just 3.2p losing £29,400.. As it turned out 3.2p was almost rock bottom before the substantial recovery.

The SP crashed because the then struggling (£10m mcap) company couldn't raise funds as it had exhausted all other sources.

Oxford Biomedica today, although down some on recent months now has a MCap of £427.05m

I guess the moral of the story is that you just never know!

Bannor - Most are here for the same reason, and as you know a very odd few seem to have a slightly different agenda. Most users of this board have a pretty good idea where each other is coming from, but occasionally you have to use smileys and lol's to make a statement clear as it's very easy to take an ambiguous post personally.

JohnZ - I am sure there is, but I'm not going to get into a debate about the price of coal because every deal/situation is unique. The Coal that is of interest to me is the 173mt that will power the Sumbawanga Substation. Not forgetting in the short term good figures are essential.

Pi - I think one of the reasons for the SP is because this is AIM and across the market it's easy for mms to continually force a price down as it's not possible for them to force it up. Until such time as there is sufficient buying pressure nothing will ever change.

Sentanta - After reading the recent TGov report on the Stiegler's Gorge Hydroelectric Power Station and the mix of potential power sources carrots could be a realistic possibility if all else fails, as biomass is definitely on the Tanzanian table.

My personal feeling currently is that we are in the dark about much that we would like to know, hence the biggest problem affecting everything is the abysmal lack of communications from the company, but in saying that I sincerely believe that it will eventually be proven wrong to have totally underestimated the company as they are (as far as we know) progressing and achieving while fighting a battle in TanZ, with the TanZ Government and their bureaucracy and here on AIM.

As previously mentioned I think it's fair to say that the company have never ever put out a bad RNS, other than grammatically, although there is much to be desired in the wording I am sure that the company have always been conscious of keeping their RNS's honest while treading a finite line.

The truth is ONLY TIME will tell imo

Bannor
I wasn't having a pop at you. If you have been watching this board closely over the last
weeks the Coal Price has become an obsession, and all supposition. Mine was just a
statement of fact.

In the foreseeable future Edenville will only be able to service their contracts. If the Coal Mine survives over the Tender there is a chance, as has been suggested by the bod, to supply coal within East Africa (from memory)..

Coal prices are relevant to the country/market, and there is no point in Mining Coal at a cost greater than the market can afford. The same applies to tariffs. If you produce power/electricity that the market can't afford there is no market... Tarrifs amongs other things will have been built into our Tender. If the price of the production of power is too expensive it will not succeed. There is clearly a balance to be struck. There is no point going round in circles quoting prices that are not relative to Sumbawunga/East Africa, and that are based on nothing.

Much more interesting imo is the outcome of the Tender, especially now the Stiegler's Gorge Hydroelectric Power Station is considered/expected to be generating power by 2022 (says dr Medard Kaleman)... Just as well it's 500 miles as the crow flys from the Selous Game Reserve to Sumbawanga...

Hopefully it will all become clear soon.

deafening...

Come on Mark give us a crumb! :)

it appears to be, but you just never know