Member Info for bcl42

Cheers CF. The bottom line is that there are no winners here unless KIBO wins so ultimately we all have exactly the same interests. Any significant positive event or events should see the SP recover quickly. It’s not possible to maintain a £10m market cap if there is any sign that one of the projects starts to look like a goer.

Lets not forget the potential here (and I stress, potential as so far the company has not delivered). Annual revenues of $700m - $1.1bn and total revenue of $20billion over the life of the projects (650 MW total and no MED so it could be significant more, or less if not all 3 power projects happen). The 30p broker value discounted to 15p is based on a very conservative DCF and therefore 2 out of 3 of the projects happening should see the SP north of 20p (plus MED). That is why we are all still here. It does not change the fact however that it is way past time for LC et al (incl. govts) to deliver.

I see my post criticising the notion that the 10.9m seller possibly has stage 4 cancer has been removed but that specific post is still showing. People can be very strange.

You really need to at least have a go at understanding that a) KIBO’s SP performance is atrocious by any standards and that b) anyone recognising that is not necessarily a miserable git or having a bad life. The two things are completely separate. I am away on holiday having a wonderful time fishing, boating, eating and drinking with some of my family. I still think KIBO is a massive negative and seeing it lose another £10k of value this morning is annoying at the very least. Overall though I am very happy. This board is about KIBO and not people’s general life experience though. Drax is spot on. Off to breakfast.

LC made it very clear that SEPCO have been busy doing their own due diligence to-date. Therefore there has been no discussion or negotiation on buy-in price. Also LC confirmed that SEPCO are not looking to invest in KIBO to make a quick buck but are only interested in looking at the wider picture of being a major player in the African power generation. Screwing KIBO down on price is therefore not their priority.

The clear message from last night’s meeting was PPA’s for all of the projects and revenue from MED this year. If that happens we will be motoring. If not ......

The funding out of the way so we don’t have to watch the SP drop by 5% every day.

That’s the equivalent of children whispering and sniggering at others in the playground. Not very nice at all.

I asked and was told that he couldn’t tell me. I asked about SEPCO too and got the impression our relationship is fine on both workstresms I.e. EPC and investment but only an impression.

Daryl and Greg added something new I.e. knowing that there is specific other resource working on MED and Moz. Positive stuff.

More news on MED in next 2-4 weeks.

I had a good chat with Berenger and 84yds. Also the chap who spoke about MMs shorting (apologies for not knowing your name). I am off to Florida tomorrow so could stay too late. I am trying to put faces to you, Yaki and 5O

Sorry just seen your post below. Late and on the way home.

Were

We’re you there Wimbo?

Not a huge amount to report. Gazza is not a million miles from the truth. MCPP ball is firmly in the GoT court. LC as frustrated as anyone else. Some signs that they might be starting to get heir act together. Plan seems to be to leave them to come to their senses which could be tomorrow, next week or next month. In the meantime it onwards and upwards with the other projects. MED appears to be primed to move quickly and will provide revenue stream in the short term as mentioned in RNS. Guy (apologies did not get his name) from MED appeared credible and fired up. Ditto the chap from the Moz project. Bots and Moz govts actually proactive. I think there is general acceptance that we need to actually deliver something tangible and the SP will quickly turn around. I suppose I would say so but the next 6 months will either make or break KIBO IMO. Let’s hope it’s the former. Not a huge turnout, probably 10 investors.

We will probably get a stonking 4.30 RNS. 2 SMLs and SEPCO buy-in.

25% drop in last 2 weeks. Where and when will it end?

The drop continues. Thank goodness for the RNSs and shareholders meeting.

says it all. Neither RNS is what we need. It wasn't even enough to halt to ongoing drop. LC we need a lot more info than that please.