Member Info for bcl42

Australia defies climate warning to back coal http://www.bbc.co.uk/news/science-environment-45798643

Have an idea of the potential short term MED revenue streams?

Good morning Wimbo. Might I respectfully suggest that it might be easier for you to use your twitter group rather than listing the individuals on here for whom your comments are intended. Unless a specific response to a previous post it seems somewhat divisive otherwise, which I am sure you would not intend.

Has either had the foresight and courage to play an absolute blinder or made a massive error of judgement. If it’s the former we will see a significant pay day if the latter que sera.

Tender process

You could be right Mike but it would be very weird given that the whole point of a rendering process is to provide transparency. But then we are talking about Tanzania.

JD I reckon that is genuine genius.

I won’t be crystallising a loss. I haven’t done it ar 3.2p and won’t be doing it at 2.2p or 1.2p. That may not be a particularly scientific approach but after 5 years there’s no way I am not seeing the MCPP through. If the MCPP doesn’t happen (I still firmly think it will) then it’s more significant dilution to work up the other projects which are at least 2-3 years away. Any fund raising will be at c.2p so even annual running costs of say £1m are going to require 50m shares at a time. We could therefore be well on the way to 1bn shares in issue. It’s MCPP or bust from me. If the GoT lose KIBO they will lose SEPCO/China and GE and I would suggest total credibility in the international business community. The power distribution network would also be a waste of time. MCPP has to happpen.

Issues here with the GoT and Tanesco without people making stuff up. There is nothing more negative happening it’s as we were earlier today. Let’s get to the 19th and see if that leads us happily to PPA/SML and a buy-in from SEPCO.

Unfortunately I suspect Gaby is telling it just like it is I.e. no one has clue what is going on. We need to look forward to the envelope opening(s) in 2 weeks time.

Indeed - at present we don’t know an awful lot hence the SP

Am I right in thinking there are 3 SMLs at ‘recommended’ stage?

I am hoping that the arrival of the SML gives rise to a chunky rise. 50% would see us rise to the heady heights of 4.8p. It does make me wonder what I am playing at here. Does this go on ad infinitum? I think our detailed feasibility study (the other 2 power projects are at Pre-feasibility stage) was completed about 3 years ago and somehow here we are still trying to find out how we proceed to PPA and whether that is another 1, 2, 6 or (most likely) another 12 months away. There is only one timeline (apart from opening tenders which is frankly a non-event) which is the SEPCO buy-in. I (like most LTHs) knew that 30/9 was always going to come and go and be extended. If I were betting my house on it I would say the same for 30/11. I am increasingly starting to think that I ain’t going to make any money here and that the sensible option is to get out on any spike where I don’t walk away with a loss. I can’t believe I am the only one thinking along these lines. It would be good to at least take my original investment and move on as KIBO = frustration, disappointment and an awful lot of baloney. I think I will make 30/11 my last deadline. If SEPCO do buy-in then happy days as it will mean we either have the PPA and SML or they are nailed on. I am still here so sarcastic replies of ‘cheerio’ and ‘bye bye’ will be a little premature.

The most exciting thing that has happened here in 2018 has been the recent 40% drop in the SP. Not quite what we are after.

No correction needed Dave.

No correction needed Dave.

Perhaps Mike. Lets hope so.

It speaks volumes when we are talking about lifespans and dying before this goes anywhere. But its completely understandable.

Although not necessarily using this those exact words I too think it is probably about time for KIBO to play hardball with the GoT as this aint going nowhere. The government either have a huge vested interested in this happening and keeping the other parties (including the Chinese) onside or they don't. If they do then I don't see why LC should not tell them the whole thing is a farce and they can't keep everyone hanging around forever. I did not think i would be saying this but it now looks like the other projects are more likely to get me (and most others) back to a breakeven 5p than MCPP in the short term. Like many i have spent a long period of time invested here and seen no added value (it only counts if it is reflected in the SP), in fact we are currently languishing at 3.25p, a place we have never been for more than a day or two during my 5 years of holding.

you look at this its easy to understand why we are currently at 3.25p. Apart from the opening of tenders on Oct 19th we, yet again, have absolutely no idea of what process we are now in and the associated timeline. It is therefore, once again open-ended and no-one, especially me, likes that.