Member Info for bcl42

No change to the authorised ordinary shares number of 1,000,000,000 which leaves only c. 375,000,000 not allotted at present.

Is a 3rd RNS with SML and/or PPA agreed.

I wonder who it was voting against some of the motions? Proxy votes I would guess.

Me too. Current SP remains completely meaningless.

correction a whopping 4.2p

Indeed Mike. At the moment we can sell our shares for a whole 4.15p.

I accept that others have longer term agendas here but, again, and I suspect like many, I have no real appetite for LC's desire to conquer Africa from a power supply point of view. I feel I have served my time with regard to the MCPP and am extremely keen for this to come to fruition. Further PL's for future projects genuinely do nothing for me. THE MCPP has been long and painful enough already. I want to make some sort of return on my investment and leave KIBO Energy to it.

I don't think it has been done to divert attention as institutional investment is a good development and we will always need cash prior to production. However with all the key next steps for the MCPP 'pending' it is pretty irrelevant in the grand scheme of things.

Trading activity in KIBO's shares is and has been almost negligible for a long while. Even a placing at a 25% premium is pretty much completely ignored by the market. The market needs to see some tangible evidence of this moving forward, i.e. the ball has been in the TG's court for some time now and we are all waiting to see if they are willing to bring the MCPP firmly into play rather than continuing stringing this out. Once they do we will be in a whole new world.

Placing is a minor event. The good news story will be driven by SML, PPA and FC. Its as simple as that in my book.

Wimbo I really don’t have a problem with the placing. I find it hard to believe that 3 weeks ago the company felt comfortable with ‘With the settlement of the Sanderson facility, the US$3.7 million due to us from SEPCO III and two possible further investments by it, which we announced last week, we now have the realistic expectation of a strong short to medium term cash position’. Things moving quickly (although certainly not with the MCPP) could be very good but not knowing we would require another placing 3 weeks ago suggests a lack of planning/control or that the wording above is somewhat disingenuous.

I don’t have a problem with the placing but I wish the company would stop saying that we don’t need further cash in the short term quickly followed by another placing. It’s time to actually deliver something Louis.

I have to admit that I didn’t get mjfnott’s joke when I first read it at 7.00 this morning.

Very good mjfnott

Is anyone able to attend the AGM? I have provided some questions to St. Brides to put to LC/ The Board but will never know the answers unless someone is able to report back.

Weather is great. Bike ride earlier and eating al fresco later. Happy days.

I take the spirit of your post Xerxes but would disagree on SP resilience. It has been slowly but surely dropping for some weeks and is currently just sitting above the 3p’s and the 52 week low having had a dip below 4 recently. I don’t think a bid of 4p amounts to holding up in my book. Have a good weekend all. Onwards and .............?

St.Brides = 1 out of office with incorrect email address for a colleague. Bounced back. I corrected the email address and received nothing from the colleague. I tried a 3rd email address and received another out of office then another email providing earlier info regarding ‘of course you can ask questions at the AGM’ - I rest my case.

On the question of communications with the company and more specifically LC I do think it would be completely unacceptable if he chooses who he will and who he will not communicate with based largely, as has been pointed out, on the basis of how ‘friendly’ the recipient appears to be. Either way LC should either communicate with no PI’s or all providing the comms are polite and respectful. It really really winds me up if that is the case and does LC no favours. If I am wrong and he is communicating with no PI’s then I am happy to apologise.

Given that LC’s interpretation of ‘near future’ could mean 1-2 years I wouldn’t presume so.