Member Info for bcl42

Lets not forget that we could end up with more than we were expecting. The process has been a complete shambles but we could still all be in on an absolute winner. LC could still be playing an absolute blinder and we end up with fully funded MCPP plus Bots and Moz (I may not have wanted the latter but we have them so lets get on with it)

News probably next Monday. i.e. We have submitted tender and the process we are following is......

‘could not be completed before the 30 September 2018 due date by which all conditions, including required approvals, had to be obtained’ - required approvals is the important bit. There’s no way SEPCO are buying in without these.

Pauly. I get on the SWR 7.47 from Basingstoke to Waterloo about 3 times a week. Sometimes the 7.59 but that is always 10-15 mins late. It wasn’t impressive a few weeks back when we had short trains as the carriages had been taken out for the ‘makeover’ of blue vinyl seats. Bottom line here is that I am 100% responsible for my own investment decision. I don’t think LC has done a single thing which he thinks would not be in the best interest of KIBO and I think he is both intelligent and capable. I do think however that the PR and general comms from the company are always, and I do mean always, sparse and confusing. They never give the full picture and often can be interpreted in many ways. The company must know that shareholders will dissect every RNS and hang on every word but pretty much every RNS poses more questions than it answers. I personally have no real problem with the variety of views on here. It’s great to read those from those with nothing but positive things to say and to hear those with concerns and worries. I genuinely like to see points challenged and only have a problem with posts that attack individuals and present views dogmatically as if any other view is just plain stupid. I therefore appreciate most posts on here and just ignore some. LC still has the possibility of pulling a rabbit out of the hat and becoming that super hero we all hope that he is. Fingers crossed for a great week next week or possibly the week after.

My answer to the question ‘What should LC have done’ is that he should have done less and not created an energy company which is already and will be even more overstretched. KIBO was all about the MCPP and I always accepted it as a Binary play with some small potential from the gold and other minerals. The other stuff, including Katoro is either gone or a long term probable waste of time. We sit here now with 640m shares having raised enough funds to get the MCPP to what must be the final hurdles. Much more delay and we will undoubtedly be looking at adding another 50m shares to continue providing LC with his tiny £300k income. The Bots and Moz plays are years off any sort of completion and will require 100’s of millions of new shares. So we have the MCPP possibly being pulled off but LTH’s will either share any uplift with the holders of the recent 300m new shares for projects which must currently be valued at zero in our SP, or wait another 3-5 years for them to possibly add some value. If our share of the MCPP ends up being valued at $100m we will see 12p a share. Without the acquisitions it would have been closer to 20p. I didn’t vote to become an energy company but will vote with my feet as soon as the MCPP creates some value and I can get out with hopefully a small profit. Let’s hope next week brings some clarification so we can at least maintain an SP in the high 2’s.

I am sorry but that is so ridiculous at this moment in time it actually made me laugh. What on earth was the point of that?

Pauly

Paul I think the more information is the more important bit.

Me too Mike

Wimbo - I am hoping that LC et al are here purely to make a shed load of dosh from their share holdings. I have no problem with them being paid huge sums providing they deliver shareholder value.

Fair enough except I would suggest our investments could well mean more to us as individuals regardless of whom we might ‘report to’ than large corporations with deep pockets and faceless shareholders. Also the company uses the confidentiality card too often.

I can think of many reasons why the SP continues to drop and at the top of that list would be total shareholder confusion mainly caused by an ridiculously inept GoT and exacerbated by an apparent complete lack of interest in both this and the SP from the company itself.

Hello Dave. Feeling the SP pain too. I don’t blame LC or the company for the ridiculous and farcical way that the GoT have behaved over the last 2 or so years. I do however feel very annoyed at the consistent lack of information we receive from the company. There always appears to be a ‘good’ reason to provide shareholders with the minimum or in this case no information whatsoever. Frustrating doesn’t really do it justice. Still, only another 7 weeks and we find out if the SEPCO buy-in is happening which means we will need the SML and PPA by then. Or perhaps we will just be given yet another date sometime in 2019, which if we are honest has to be the front runner.

Whoops I have probably infringed some copyright there. What I meant was me also.

Snap Aerial me too.

I hate the way posts are removed from this board. I prefer to see everything as I am
capable of deciding what I believe and what I do not. Of what is there to be afraid? That someone else might have a contrary view? That readers are not intelligence enough to work out what is going on here?

Mike my apologies if that comes across as it is not intended. I have no idea either way. My question was genuine.

Mike you sound as if you know we will get an RNS on Monday??

I don’t think people are doom mongering. It’s just a plain fact that at this moment in time this is a complete disaster. A disaster from which we may well recover but nevertheless a complete and utter mess at present.

If the opening of tenders on 19th is not accompanied or swiftly followed by clarification of a short process leading to PPA before 30/11 we will definitely see the 2’s.