Member Info for aerial

Yes Boffer, it's Friday tomorrow!!

Boffer It is....we are minus 2.44 currently, fortunately just a reduction in the Offer :)

agreed

since earlier in the year as a consequence of the consolidation and the natural decline to the OO level. I'm sure Mark Slade is fully aware of the SP, as he said he expected a re-rate sometime back. Unfortunately those exceptional predicted figures have been totally ignored by the market thus far, but I am quite confident (possibly not quite as quietly as Kencarv) that good news from two fronts will set us on our way? and am hopeful of a progress report/update in the next week or so.

It's quite clear that the direction of Kibo has changed from the LC vision that I bought into. I was at the Mayfair Presentation in 2013 (14?) with Diggers2 and a few others and it was very clear at that point that Kibo was all about building a power plant in Tanzania. Under the circumstances it is hopefully a clever man that is diversifying, but as bcl42 says it's not the reason I bought into Kibo. I personally, although feeling a bit misled don't have a problem with the diversification, as as a few pieces draw together and if we win the Tender Kibo will eventually big a far Greater company than previously envisaged. If we were still sitting in the 4/5p's there would be far less discontent. The SP, extended timelines, and serious lack of communications/news is indefensible when you consider LC's vision, AND totally out of character most that have met him would agree.

We all know this could turn in a heartbeat, and we could head back through the infamous 4.2p in a few hours with the right news. All imho

Mbeya Cement Limited have/had a colossal PL (showing as still active?) covering 87.98 Square Kilometres just north of the Edenville Coal Mine, although the Cadastre also shows that PL was due to expire in March 2018....???

Snorkler - Thanks for your reply, and hope you are well!!

The MOU was for an Exclusive coal supply agreement in respect of coal produced from the Mbeya Coal Mine, to supply coal to Mbeya Cement, subject to guaranteeing specified quality and quantity specifications from Mbeya Cement.

My question was based on the fact that it appears that that's no longer part of LC's master plan. Kibo are not, and have never been in a position mine coal, and there is no Mbeya Coal Mine, there is no licence to mine coal. So to guarantee specified quality and quantity specifications of coal to Mbeya Cement is currently physically impossible,......So is the MOU dead??

Is no one able to answer the question about the Mbeya Cement MOU?......

bcl42
Yes it's many statements that have clearly changed as the goalposts have moved.

what happened to the Kibo's (MOU) Re their 'Exclusive coal supply agreement in respect of coal produced from the Mbeya Coal Mine, to supply coal to Mbeya Cement, subject to guaranteeing specified quality and quantity specifications from Mbeya Cement' ??

As I have just spent a couple of hours reading back through previous RNS's and they are full of stuff that just doesn't exist anymore, and with our current understanding of the companies direction never will be achieved, hence honoured!

It's been a while since I've had a close look at the local Rukwa opposition, and somewhat reassuring (re Tender) that there are no other visible Coal Projects that come close to Edenville's Mine/CPP in the adjacent areas.

We have the ML and three Active PL's. Also interestingly which I didn't realise/or had forgotten is that we are very close/next door to the Mbeya Cement Company,.....which answers a few question in itself!

Also noted that other related CPP's not on our doorstep appear to be surrounded by other Coal Prospectors, and possibly other potential applicants (!)

It would be nice to resume discussions about the MCPP/Kibo rather than who has the biggest nob! imo

Just on the Ask ;)

The Stiegler's Gorge Hydroelectric Power Station

The Government of Tanzania has been considering establishing this power station since the 1960s just 58 years to this point, with an estimated build cost of $3.6 billion. If built on time and to budget, it should be at full capacity by 2033... That's of course Africa time.

Alternatively if the current proposed Coal to Power Projects (RCPP/MCPP that we are aware of) adjacent to the World Bank funded Mbeya - Sumbawanga 400kV Transmission Line Project goes ahead, then it is very likely that they will have been built, run their course, and even decommissioned by the time the Stiegler's Gorge Hydroelectric Power Station is even operational assuming it's ever completed ??....

Never forgetting that a Dam of this proposed 134m high magnum opus will use 'quite a lot of cement/concrete ' and as a consequence consume a VERY Great deal of power!

(Typically, 15 to 30% of cement is replaced with fly ash, with even higher percentages used for mass concrete placements). Both achieved with coal, cement and/or concrete CAN NOT be produced without the addition of coal products!

They know the sun will shine, and also understand that it will need to rain a lot with no droughts, as it is considered that it will take many years to fill the reservoir, and 1.5 years for the water to travel through the reservoir etcetera etcetera....

The SGHPS project is not detrimental to the MCPP/RCPP's should it ever proceed, quite the opposite in fact imho

pdyor

The Stiegler's Gorge Hydroelectric Power Station

The Government of Tanzania has been considering establishing this power station since the 1960s just 58 years to this point, with an estimated build cost of $3.6 billion. If built on time and to budget, it should be at full capacity by 2033... That's of course Africa time.

Alternatively if the current proposed Coal to Power Projects (RCPP/MCPP that we are aware of) adjacent to the World Bank funded Mbeya - Sumbawanga 400kV Transmission Line Project goes ahead, then it is very likely that they will have been built, run their course, and even decommissioned by the time the Stiegler's Gorge Hydroelectric Power Station is even operational assuming it's ever completed ??....

Never forgetting that a Dam of this proposed 134m high magnum opus will use 'quite a lot of cement/concrete ' and as a consequence consume a VERY Great deal of power!

(Typically, 15 to 30% of cement is replaced with fly ash, with even higher percentages used for mass concrete placements). Both achieved with coal, cement and/or concrete CAN NOT be produced without the addition of coal products!

They know the sun will shine, and also understand that it will need to rain a lot with no droughts, as it is considered that it will take many years to fill the reservoir, and 1.5 years for the water to travel through the reservoir etcetera etcetera....

The SGHPS project is not detrimental to the MCPP/RCPP's should it ever proceed, quite the opposite in fact imho

pdyor

Let's hope the market picks it up!

Write off :)

Boffer
Knowing full well?, I doubt they even give it a thought that they are killing their inward
investment when half the world is willing to right off $gillions in debit and continues to
throw money at them,.....BUT we live in hope!

Target for the RCPP

Should we lose the Tender (which I truly doubt) but get the SML, then we would surely
become a target for a takeover, as I really can't see LC (with his vision) wanting to see
Kibo become Tanzania coal miner... imho