Member Info for akramms

6% up

Twitter: Driling at Blyvoor site
https://twitter.com/KatoroGoldplc

Kibo own 30% of Katoro

"NAV of c. £28.3m* vs. current market capitalisation of £5.1m, offers significant growth opportunity for investors - no material debt obligations"

pg22
https://kibo.energy/wp-content/uploads/Q4-2020-Kibo-presentation_V3.3_Final.pdf

https://kibo.energy/wp-content/uploads/Q4-2020-Kibo-presentation_V3.3_Final.pdf

Kibo Energy PLC, the multi-asset Africa focused energy Company, is seeking admission for its 100% owned UK subsidiary Sloane Developments Ltd , which will be renamed Mast Energy Developments PLC (MED), to the Standard List of the London Stock Exchange plc. Targeted for Q4 2020. The MED business strategy is to acquire and develop a portfolio of flexible small-scale power generation assets, exploiting a growth niche market in the UK for Reserve Power generation to balance out the national grid at critical times.

https://hybridan.com/aim-breakfast-search/#

https://www.proactiveinvestors.co.uk/companies/news/931778/small-cap-wrap---panoply-holdings-ixico-i-nexus-global-and-more-931778.html

This guy fits the job:

14 Oct 2020

Appointment of Executive Director Capital Projects

Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa & UK focused, energy company is pleased to announce the appointment of Mr. Christiaan (Chris) Schutte to the board of the Company as an executive director with responsibility for capital projects.

Mr. Schutte has extensive and varied experience in the energy development field where he worked for 27 years at ESKOM (South African Power Utility) with the last 9 years at executive management level. His more recent experience includes three years at South African sugar company Tongaat Hulett (2012 -2015) where he led the development of a bagasse fired power station. At the same time, he served as Non-Executive Director on AIM listed Ncondezi Energy Limited. He joined Ncondezi Energy Limited on a full-time basis from 2015 to 2017 where he served as Executive director on the Board as well as COO of the company. He re-joined Ncondezi in 2019 as COO.

His experience extends to all aspects of power station design, construction, commissioning and operating, as well as power project development. In addition to his technical experience and competencies, Mr. Schutte has partaken in successful negotiations at a high level with EPC contractors, contractors/suppliers and government departments throughout his career in the public and private sectors.

The appointment of Mr. Schutte constitutes part of a process currently underway to restructure/rationalize the Company's board of directors and executive management, to ensure that the Company's leadership remains fit for purpose in terms of its corporate strategy. As part of this process Mr. Tinus Maree will, effective as at 1 November 2020, step down as an executive director and member of the executive committee. Mr. Maree will remain on the Kibo board of directors as an independent non-executive director.

Louis Coetzee, Chief Executive Officer of Kibo Energy, commented, " We are very pleased that Chris has joined our board at this critical time where his mix of considerable technical and management experience will be invaluable to the Company as we move towards advanced development and commissioning of our flag ship African and UK energy projects. Chris's proven record in technical direction, negotiations and management of large energy projects should enable us to expedite progress from here. I would like to welcome Chris to the board and I and the rest of the management team look forward to working with him in bringing our energy projects to fruition.

Kibo current MC £4.9m

You have 30% of Katoro, which is currently valued at £8m, so Kibo's interest is £2.4m, just in Katoro.

Then you have:

Mast Energy Developments, UK (60% interest)
• Building a portfolio of sites focused on the reserve power generation market
• Kibo has a 100% interest in a 5 MW gas fuelled peaking plant
• Terms for acquisition of additional 9 MW gas fuelled peaking plant agreed
• Plans for lPO and listing of energy portfolio on standard market of LSE during Q4 2020

AND THIS IS NOT INCLUDING THE BIGGER PROJECTS IN AFRICA, WAKE UP

Mbeya Coal to Power Project, Tanzania (100% interest)
• Planned 120 Mt coal mine & 300 MW mouth-of-mine power station
• Options for commercialisation being pursued

Benga Power Plant Project, Mozambique (65% interest)
• Plan to operate a 300-350 MW coal fired power station
• Term Sheet to develop c.200 MW PPA with Baobab Resources for Tete Steel Project
• MOUs with EDM & Vale to develop 100-150 MW PPA

Mabesekwa Coal Independent Power Project, Botswana (85%
interest)
This Project comprises of a 300-600 MW coal fired power plant, supplied by a shared Mabesekwa coal mine. The Project has a clear development path ahead, with achievable short-term deliverables. Shumba/Power China CTL Project, Botswana (35%-40% interest)
This new integrated project comprises a Kibo interest of 35 – 40% in a 761 MT (resource) coal mine and 35 – 40% in a 300 MW bespoke coal fired power plant exclusively pointed at the CTL Plant.
• The 761 MT Coal Resource* with a Mining Licence application submitted, will be supplying 100% of the feedstock to the Shumba CTL plant, 100% of fuel supply to the bespoke powerplant for the CTL project, and 100% fuel supply to the future MCIPP power plant
• The bespoke 300 MW power plant will supply 100% of its produced power to the CTL plant

https://kibo.energy/wp-content/uploads/Q4-2020-Kibo-presentation_V3.3_Final.pdf

https://kibo.energy/wp-content/uploads/Q4-2020-Kibo-presentation_V3.3_Final.pdf

Deadline was 30 Sep 2020, but then extended for a few weeks, should be expecting new on this as well, this week or next

Update on PPA with Baobab Resources Ltd

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide an update on its ongoing negotiations regarding a Power Purchase Agreement ('PPA') with Baobab Resources Ltd ('Baobab') to supply c.200MW energy to Baobab's Tete Steel and Vanadium Project in Mozambique. The Baobab Power Project ("Baobab Project") together with the Company's Benga Power Plant Project ('BPPP') is being developed to produce c. 350MW - 400MW base load electricity.

Since the initial announcement on the binding term sheet with Baobab (See RNS of 18 May 2020):

-- An advanced draft PPA has been prepared, which the Company will continue to work along with Baobab on, to expeditiously agree and finalize a final PPA;

-- A comprehensive integration study to assess the feasibility of a 400 MW combined project for the Baobab Project and BPPP has been completed; and

-- An extensive review by our preferred Engineering, Procurement and Construction Contractor ("EPC") to provide an indicative EPC price for the purposes of agreeing commercial terms in the Baobab PPA has been completed.

These preparatory work elements which provide critical inputs to enable purposeful negotiation of a PPA agreement have been successfully completed over the last two months, despite the on-going travel and operational restrictions as a result of the on-going and resurgent Covid 19 situation.

Completion of the above referred preparatory work could however not be completed in time to also conclude PPA negotiations by 30 September 2020. The original anticipated date for the finalisation of a PPA of the 30 September 2020 has therefore now been extended for a few weeks and the Company will keep shareholders updated on progress.

Louis Coetzee, CEO of Kibo Energy, commented: We continue to make significant progress with both our projects in Mozambique. The integration study and EPC review referred to above was done in record time by our consultants and EPC, despite extreme challenges amidst COVID-19 and we now look forward to completing the PPA in the coming weeks. The finalisation of this PPA with Baobab is an exciting and significant development for our company and we are firmly focussed on concluding the terms of this deal."

Sloane IPO we know is in progress, they have till end of November 2020, to list, as part of their Head of Terms (HOT) of the 9MW plant acquired for £1.7m

https://www.proactiveinvestors.co.uk/LON:KIBO/Kibo-Energy-PLC/rns/861056

The HOT provides for an exclusivity period in favour of Sloane until 30 November 2020, or such other date as the parties may agree to in writing. Completion of the Acquisition shall take place upon the satisfaction or waiver of a number of conditions precedent, including, but not limited to:

-- Sloane being successfully admitted to trading on the London Stock Exchange
-- The completion of due diligence by Sloane on the Vendor
-- All applicable necessary, regulatory, statutory, board and other approvals or consents having been obtained by the parties

The Vendor will enter into a Lock-In Agreement, agreeing not to dispose of any Consideration Shares except in limited circumstances including in the event of a takeover offer being made for the whole of the issued share capital of the company and other usual exceptions, for six months following the date of the admission to trading on the LSE and for a further six months following the first six months after Admission, the Vendor will only be allowed to dispose of Consideration Shares in strict compliance with the purchaser's dealing code and in accordance with generally accepted orderly market arrangements. The Vendor will also be offered a seat on the board of Sloane Developments LTD post listing.

Planned Admission

Sloane Developments Ltd is seeking admission to the Standard List of the London Stock Exchange plc ("London Stock Exchange" or "LSE") ('Admission'), after which it will be renamed Mast Energy Developments Projects PLC ('MED'). Admission will be accompanied by an Initial Public Offering, which will seek to raise sufficient funds to make the Acquisition and develop a portfolio of flexible power plants in the UK, to become a multi-asset operator in the rapidly growing Reserve Power market. Kibo intends to maintain a strategic interest in MED post the initial fundraise and Admission of at least 51% ensuring continued upside from future developments.

Moving up 6.5%

We are still awaiting the Romanian oil & gas acquisitions, which they said around Dec/Jan , that they were looking into purchasing the 75% Romanian oil and gas operator. They've done Due diligence, assuming it is alot bigger than the sunswept acquisition, which is why it may be taking time to complete.

Not sure who the operator was but there was an article then that it could be Exxon:

https://www.share-talk.com/exxon-concession-in-the-hands-of-mysterious-company-metalnrg-plc-mnrg/?utm_source=twitter&utm_medium&utm_campaign#gs.iu1lic

https://seenews.com/news/metalnrg-screening-for-oil-gas-producing-assets-opportunities-in-romania-702258

https://seenews.com/news/metalnrg-screening-for-oil-gas-producing-assets-opportunities-in-romania-702258

i meant 50%, not 250%

Near term to look forward too
Goldridge Gold

BritNGR have acquired producing assets, which are just above break even
Acquisition will not dilute shareholders
50% institutional investors have invested and will be part of management team, yet unknown, but they will obviously be experienced in their field and they are investing 250% themselves in BritNRG.

P. Rocco recent interview,, this week, already looking at other near term acquisitions, some already in discussions, not just one but more, that will be producing and won't have regulatory issues in getting permission / permits... granted to get things going quickly. They are diversifying into other commodities so not just gold and oil & gas.
And again acquisitions will be made which will not be dilutive to shareholders.

watch this space

Wait and see

The UK onshore oil and gas producing assets, is just the stepping stone.

"Following completion of the acquisition and at current modest production, Sunswept is expected to be net cashflow positive at circa $43 bbls/day which represents the current market level."

"Importantly, the funding for the convertible loan note by MetalNRG will not require it to issue new or additional shares; the funding is being met by existing cash resources and is therefore non-dilutive for existing shareholders"

SPV: BritNRG will become MetalNRG's special purpose vehicle focused on energy opportunities and eventually it will be owned 50% by MetalNRG and 50% by international private investors.

I am very much interested to know who the Private International investors are and there net worth and why MetalNRG have been chosen for this.

Will soon see, watch this space.

Waiting for the bigger outcome yet to come

https://www.share-talk.com/exxon-concession-in-the-hands-of-mysterious-company-metalnrg-plc-mnrg/#gs.ile784

Hopefully they'll get some notice

https://newzwire.live/waiting-for-a-signature-uk-miner-looks-elsewhere-after-zimbabwe-red-tape-frustration/

https://bulawayo24.com/index-id-business-sc-companies-byo-193013.html

For half-year to June 30, pretax loss narrowed to USD649,000 from USD17.9 million a year ago, with the prior year's result hit by USD18.3 million in foreign exchange losses.

AND

It is important to note that in the period post June 2020, Premier has significantly reduced its overall liabilities by US$1.4 million through a combination of debt conversion and other settlement agreements and this assists in positioning the Company to achieve the objectives set out above.

Lithium’s appeal, now being one of the world’s most sought after commodities, has not gone unnoticed and suitors have been knocking at the door.

Prospect has already inked one of the world’s largest ultra-low iron lithium off-take agreements with Sibelco, and the deal entails the supply of 100 000 tonnes for the next seven years after the mines starts producing.

Sibelco is the largest distributor of ultra-low iron petalite in Europe and possibly the world and we believe that this is the largest ultra-low iron petalite off-take agreement ever signed.

“Arcadia now has 100 percent petalite production secured under off-take for the first seven years.

Sibelco’s facility has been processing petalite for over 20 years and will be the facility for further processing and distribution to European customers,” Prospect said

Uranium One Group, is an international mining company of ROSATOM, the Russian State Corporation for Nuclear Energy with a diverse portfolio of assets worldwide, including Africa, has also shown keen interest.

On December 12, 2019 Prospect signed a memorandum of understanding with Uranium One to afford the Russian firm an opportunity to complete due diligence on the company and its Arcadia Lithium Mine.

And subject to satisfactory due diligence, the parties may then negotiate an equity investment terms in Prospect or its subsidiaries; and off take terms for at least 51 percent of the company’s future lithium production.

https://www.herald.co.zw/world-lithium-deficit-a-boon-for-zim/

01 OCT 2020

World lithium deficit a boon for Zim

The Government classified the commodity as one of the strategic minerals towards achieving its vision of transforming mining into a US$12 billion industry by 2023, after realising the growing demand for lithium.

Prospect Resources, which is listed on the Australia Stock Exchange (ASX) and is developing the Arcadia lithium mine near Harare, is the world’s seventh largest hard rock lithium asset, with a 16-year life of mine (LOM).

As of 2017, Arcadia had a joint ore resources committee (JORC 2012 edition) mineral resource of 43,2 million tonnes, approved and controlled mineral resource of 37,4 million tonnes, while its pre-mining reserves stood at 15,8 million tonnes.

Arcadia is also Africa’s most advanced lithium project. Other fledgling projects in Zimbabwe include the Zulu and Kamativi projects, while Bikita Minerals’ active operation is undergoing expansion to ramp up production.

https://www.herald.co.zw/world-lithium-deficit-a-boon-for-zim/

Manganese producers set to strike gold after Tesla unveils shift to new generation of batteries

This plan includes manufacturing at a very large scale, an innovative type of lithium-ion battery with a cathode that contains around 33% manganese, made directly from manganese metal.

Tesla Inc - Manganese producers set to strike gold after Tesla unveils shift to new generation of batteries incorporating manganese and nickel

The introduction of manganese in Tesla batteries is expected to result in a material increase in high-purity manganese demand

Manganese producers are set to strike the proverbial pot of gold after the world's biggest electric car maker, Tesla Inc (NASDAQ:TSLA) (FRA:TL0) announced a major shift in its battery strategy – the move to manufacture its own batteries incorporating manganese and nickel.

Tesla's aim to drive down the cost of its electric cars will see the company producing its own new generation of batteries that will be more powerful, longer-lasting and half as expensive than the company’s current cells.

https://www.proactiveinvestors.com/companies/news/929849/manganese-producers-set-to-strike-gold-after-tesla-unveils-shift-to-new-generation-of-batteries-929849.html