Member Info for bcl42

Excellent post Shrubby. Puts things nicely into perspective and is very honest ref yesterday's events.

Pauly I doubt it will take a whole month.

H5O. I don’t think replacing LC is the answer. Apart from anything else, with whom? I do think he needs to be reminded who owns KIBO though and that PI’s have invested their hard earned cash in it. I didn’t like the unilateral way in which we suddenly became a multi-asset energy company either but it’s now where we are. Unlike some here I dread the idea of further massive dilution if we continue to add other ‘projects’ before we have progressed anything to anywhere near completion. We have more than enough to work on now and in my view adding anything else would be a major mistake. LC and the GoT need to deliver on MCPP to retain credibility. The RNS and podcast today were woeful as usual. I did finally get a reply from St Brides which was far clearer. ‘As I understand it, the pre-qualification process is not by default a deviation from the unsolicited project process that TANESCO and Kibo engaged in but rather an expansion of the existing process which may provide Kibo the opportunity to add a further 300MW to its current 300MW portfolio for Tanzania. Kibo will however only have clarity on this after receiving a reply to the clarification request referred to in the RNS‘.

we are seeing a change in process". Louis thats the point, yet another change in process. How many times can the GoT change the process? At this moment we don't even know if it affects what we have already done or not, whether it is in addition or instead of. its no wonder their is total confusion and the SP has crashed.

No buying from me. In deep enough. Never sold a share so far although at times like this I wish I had at the heady heights of 5p

at least the Podcast helped the SP?????

He said 1. Not negative 2. We need clarification 3. Understands why the uncertainty has caused the SP to react how it has today. Try squaring those 3 things. I can't.

Thanks. I have listened. Louis has an uncanny ability to fill the allotted podcast time with absolutely nothing. I know zero more than I did before the podcast. LC gave the usual message plus added that we don’t know what the Tanesco announcement means. I would have expected him to have spoken to one of his many Tanesco or GoT contacts today to find out what the hell is going on. Instead he expects to wait a few/couple of days to find out. Not exactly proactive.

Is there a podcast?

To be fair, with the exception of 1 caveat in a recent RNS the last sentence is completely untrue. In fact we have only ever been told that the GoT is fully supportive with no mention of the journey being challenging.

if the company is too busy to respond to shareholders it should get rid of its investor relations adviser. ?That's a typical dismissive response which is basically saying "you don't matter".

About £12m based on JD's prediction of 6p. I do so hope that is way out. I would be really unhappy with flogging 25% of the company along with the associated build contracts to SEPCO for £12m.

Nope and I have looked fairly hard

PA - I think you are right but its the 'little by little' bit that is the killer. They need to sort it once and for all rather than piecemeal so projects can actually move forward in a stable environment.

SYM - I don't label anyone else's posts so please don't label mine. They are comments, views and thoughts and not 'moans' I also never intentionally send pointless emails. I try to communicate with the company through whatever channels I can as information is important.

SYM - I am not 'playing' here at all. It is an investment not a game. If my investment turns out to a bad one no-one will die but thats not my investment criteria. I have no intention of crystallising a substantial loss at present and will wit for the right opportunity to sell up. That is likely to be way less than my previous expectations but it won't be at 3p.

No chance. I am absolutely steaming. I have even googled 'removal of CEO by shareholders'. The RNS today is a joke. We deserve better than that.

There is no way this is not adding another year to the process. Its a tender process. So we have the one month followed by Tanesco reviewing tenders. They can't even review a PPA or SML within a year. This is a complete mess.

As usual are uncontactable. Allegedly someone will call me back but on past experience I won't be holding my breath. They even name the wrong person to speak to on the RNS (who apparently doesn't even work on the KIBO account) In my view yet another very poor Investor Relations outfit. LC continues to display complete contempt for PI's. Do we think SEPCO and GE know as little as we do about what is going on? No way. We need a very quick follow up to the earlier RNS. Most businesses take a 21% drop in their SP seriously.

So who is still expecting the SEPCO buy-in before September 30th?If this was a done deal we will still see it (maybe at 3.5p) happen. Next news is likely to be new deadline for SEPCO. This just runs and runs.