RE: Kibo energy/mast30 May 2022 21:36
Much as I applaud your optimistic outlook, but after 9 years of watching my investments in Kibo, Katoro and Mast being systematically diluted and destroyed by the board, I find it difficult to share your positivity.
Perhaps you could enlighten me regarding the post below and its relevance to two of the developments namely Bordesley and Rochdale. Surely in a climate of unprecedented power prices the company would have had no problem fast tracking them both into a revenue stream. I mean Bordesley construction was to commence almost a year ago to the day, then 4 months ago it was awarded a T4 CM contract "We are pleased to secure this capacity market contract, that will increase revenue and cashflow for the Bordesley project."..... it's not even built yet , it's literally a container on a block of concrete and it's still a carpark, the asset on which the MAST IPO was floated 14 months ago.
It's all pipe dreams and smoke and mirrors, I'm not sure I even believe anything that is written in an RNS anymore.
It's all quite depressing, because it's a really great story with all these projects, JV's, MOU's , Gigawatts, etc etc, but that is all it is, a great story! Then today we get this...."which aligns perfectly with the Company's strategy to become a significant presence in the long duration energy storage market and sets up an additional potential revenue stream for Kibo". Now that made me chuckle, rolling out the "align" word again, as in "the stars are aligned", but note with interest the word "potential" slipped in there. That's the get out of jail free card.
There is only one thing that will get any of these stories off the pages of a fairytale novel and "provide the greatest potential for value creation for its shareholders" and that is....... Yup you got it !!!