Member Info for bcl42

is where we remain give or take. This will go nowhere until LC pulls his finger out.

Upside down tree. Chapman’s Baobab near Magkadigadi pan in Botswana was best example
I have seen. Huge and very old but unfortunately fell down a few years ago.

Baobab PPA??

Malcolm you have kindly confirmed no action at the site on a number of occasions and I also did the same back in Jan/Feb. I am presuming still no action even though this is supposed to be up and running in the next 8 weeks.

I am expecting a Moz PPA to result in another spinoff. I also fear that KIBO will ultimately hold tiny shares of the new companies. Those companies may well be worth large amounts but my shareholding will be a small percentage of current. I know that equity investment in the projects would dilute my holding but I think each hive off has a more destructive effect on existing holders. One only needs to look at KAT as a example where I expect our ultimate holding to be 10-15% tops. We will see. A PPA would be a good start but I am not holding my breath.

This week exhausts my leeway on 'a few weeks' for Baobab PPA. Not that LC will give a toss.

The MED IPO means very little on its own other than more corporate restructuring of what is a tiny company. We need power plants in production bringing in cash and profit.

Yep looking really good. We might tick all the way up to -10%. Yippeeeeee we are all rich.

Thanks SirG I forgot that. It must have been a lot more difficult to put the half year results together when working from home with no activity going on in the business.

Were the half year results not legally due by 30th September?

I asked the question at the recent webinar as to whether a PPA could be agreed when the size and makeup of the power plant has not been decided. LC said he didn’t understand the question. I think that said a lot in itself. Q4 = December 31st at best = Q1 2021 and so it goes on. A few weeks = imminent = shortly = whenever = significant progress = never. That’s KIBO for you. And yet another 6 month delay = another billion shares issued. That’s the bit LC really doesn’t get.

I think we can take it as read that LC has a different view. He thinks he has increased shareholder value during his tenure as CEO and that the IPO will mean we see production at MED much sooner than the end of the year. Work either of those out.

which share?

We need news to support a permanent re-rate Aerial otherwise we will just continue bump along at c. 0.2p.

I have added as much as I dare and have a ridiculous (it’s all relative) sum invested here which could be larger than yours but with significantly less shares (which currently makes me very much a loser). I cannot risk any more. If I was only buying in recent times I would have needed to issue a TR1 a while back. But alas I, like you, bought a large holding when the SP was considerably higher and there were 150m shares and not soon to be 3.5 billion. GL to you and all holders both LT and new. Not PMSL.

Thanks Aerial. It is hard work keeping it real on here sometimes.

Might follow.

BUT can LC deliver something? That is the pertinent point. If he can we should smash the NAV but so far he has failed. Baobab PPA must be delivered in the next few days.

YEP - In theory we are undervalued BUT only if LC can get anything over the line. Something he has not achieved so far. That is why we are languishing at 0.2p.

'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' - We don't want any further updates on progress just confirmation that it is signed and a done deal.