Member Info for Bobat123

Many peeps taken for a ride. Many peeps sold out on big loss. Need Patience. There are always a bunch of who will talk this down. Do not listen. DYOR.

Peeps should do their own research. Don't let others sway you to selling out on a loss. Some of the peeps on here are disgruntled lths. Make your own decisions. GLA. The price here is the lowest it can get to unless the company goes bust. This will not happen. DYOR

Kat up 9%

Peeps selling out on a loss. DYOR.

Lth holders in big bother. Short term big gains can be made. Dyor. Gla

Gradual buys coming in now. DYOR. GLA

Kibo other contracts

Alliance News) - Kibo Energy PLC signed a binding term sheet for the supply of approximately 200 megawatts of energy to Baobab Resources Ltd's Tete steel and vanadium project in Mozambique.

Baobab is to deal and negotiate exclusively with Kibo over entry into a power purchase agreement to supply the project, which is located 36 kilometres from Kibo's Benga power plant project.

Benga is a joint venture between Kibo and Termoelectrica de Benga SA and will consist of a thermal power plant with a minimum capacity of at least 350 megawatts plus renewable energy projects.

This includes a deal with Mozambican state-owned electric utility Electricidade de Mocambique that Kibo is still working towards.

Kibo Chief Executive Louis Coetzee said: "We are delighted to have secured this strategically important agreement with Baobab. The [Tete steel & vanadium] project represents one of Mozambique's key development projects that could contribute significantly to the growth of the country. We are therefore delighted that our Benga project will be supporting this growth by providing 100% of TSV project's [approximately 200 megawatt] energy requirements, subject to reaching final agreement on an appropriate [power purchase agreement].

"This PPA will be one of a number of supply agreements we are targeting for Benga, in line with our commitment to creating reliable, sustainable and affordable electricity in Mozambique and we look forward to providing further updates in due course as these agreements progress. It is envisaged that the c 200MW requirement of the TSV Project will be developed as part of the existing Benga power project, and talks are currently underway with our JV-partners in Benga, to determine whether the latest addition to the Benga portfolio will have any impact on the economic interest of each JV partner, given Kibo's added efforts in increasing the utilisation of Benga."

Many peeps selling out r4e buying here. Gla

Earlier Rns - Investment from 2 of the largest shareholders

(Alliance News) - Kibo Energy PLC said Thursday it has agreed a GBP1.0 million investment from a consortium consisting of several high net worth entities and individuals, including two of the company's largest shareholders.

The term sheet, Kibo said, will allow the firm to continue development of its "diverse" energy project portfolio comprising 1255 megawatts generation capacity approaching commercialisation.

Dated: 06 August 2020

Kibo Energy PLC

Sloane listing update - Sloane acquires 100% interest in Mast Energy

Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset, Africa focused, energy company, is pleased to provide a progress update on the planned admission of its 100% owned UK subsidiary Sloane Developments Ltd ('Sloane'), which will be renamed Mast Energy Developments PLC ('MED'), to the Standard List of the London Stock Exchange plc ('LSE').

Sloane has acquired from St Anderton on Vaal Limited ('St Anderton') the remaining 40% interest in Mast Energy Developments Ltd ('Mast Energy') in exchange for 36,917,076 new Ordinary Shares in Sloane. Accordingly, Sloane will at completion of the ************** transaction own a 100% interest in Mast Energy alongside its 100% interest in Bordersley Power Ltd as it seeks to develop a portfolio of flexible power plants in the UK. St Anderton will at completion hold 26.11% of Sloane, with Kibo holding the remaining 73.89%. Completion shall take place upon the satisfaction or waiver of the following conditions precedent:

-- any required approvals or other consents being obtained from the UK Listing Authority and Financial Conduct Authority with regard to the listing of Sloane/MED on the Main Market of the LSE, Standard segment; and

-- any approvals or other consents required by law or any regulatory authority.
Kibo CEO, Louis Coetzee, said, "Sloane's acquisition of St Anderton's interest in Mast Energy takes us one step closer to the listing of MED, formalising the new corporate and share structure. With a 100% interest in two highly strategic assets MED is poised to develop a portfolio of flexible power plants in the UK, which Kibo will crucially continue to gain upside from, through our majority interest in MED. We look forward to continuing to advance this listing at pace so that MED can capitalise on the significant growth opportunities available in the rapidly growing Reserve Power market and we can realise value for all stakeholders."

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Kibo Energy Share News - KIBO
Current Price
0.275p

0.10 57.14%

Bid Price Offer Price
0.25 0.30
High Price Low Price Open Price
0.275 0.175 0.175
Shares Traded Last Trade Market Cap (m)
63,057,089 10:41:25 3
Kibo Energy PLC Sloane acquires 100% interest in Mast Energy
Intraday Kibo Energy Chart
Intraday Kibo Energy Chart
06/08/2020 9:00am
UK Regulatory (RNS & others)

TIDMKIBO

RNS Number : 2810V

Kibo Energy PLC

06 August 2020

Kibo Energy PLC (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

Dated: 06 August 2020

Kibo Energy PLC

Sloane listing update - Sloane acquires 100% interest in Mast Energy

Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset, Africa focused, energy company, is pleased to provide a progress update on the planned admission of its 100% owned UK subsidiary Sloane Developments Ltd ('Sloane'), which will be renamed Mast Energy Developments PLC ('MED'), to the Standard List of the London Stock Exchange plc ('LSE').

Sloane has acquired from St Anderton on Vaal Limited ('St Anderton') the remaining 40% interest in Mast Energy Developments Ltd ('Mast Energy') in exchange for 36,917,076 new Ordinary Shares in Sloane. Accordingly, Sloane will at completion of the ************** transaction own a 100% interest in Mast Energy alongside its 100% interest in Bordersley Power Ltd as it seeks to develop a portfolio of flexible power plants in the UK. St Anderton will at completion hold 26.11% of Sloane, with Kibo holding the remaining 73.89%. Completion shall take place upon the satisfaction or waiver of the following conditions precedent:

-- any required approvals or other consents being obtained from the UK Listing Authority and Financial Conduct Authority with regard to the listing of Sloane/MED on the Main Market of the LSE, Standard segment; and

-- any approvals or other consents required by law or any regulatory authority.
Kibo CEO, Louis Coetzee, said, "Sloane's acquisition of St Anderton's interest in Mast Energy takes us one step closer to the listing of MED, formalising the new corporate and share structure. With a 100% interest in two highly strategic assets MED is poised to develop a portfolio of flexible power plants in the UK, which Kibo will crucially continue to gain upside from, through our majority interest in MED. We look forward to continuing to advance this listing at pace so that MED can capitalise on the significant growth opportunities available in the rapidly growing Reserve Power market and we can realise value for all stakeholders."

MED is in the business of acquiring,

Including 2 of the company's largest shareholders. DYOR. GLA

Rns from June.

(Alliance News) - Kibo Energy PLC said Thursday it has agreed a GBP1.0 million investment from a consortium consisting of several high net worth entities and individuals, including two of the company's largest shareholders.

The term sheet, Kibo said, will allow the firm to continue development of its "diverse" energy project portfolio comprising 1255 megawatts generation capacity approaching commercialisation.

Many peeps buying at over
0.27

Excellent news. Have bought in.

Pattern has started again. After buys small sells to keep the price down.

Excellent Rns. Just hope the MMS don't play this down and take this down. Big buys coming in showing as red. Also we will see lots of buys at 8am get printed after 9am. Hold and top up when you can. DYOR. GLA

More buys then sells.

Lots of 400000 plus and 500000 seller. Might get tr1 as to whom.

After big buys small sells to keep the price down.