Member Info for cunningfox

i'm pretty certain which way my votes are going

dump them now, doubt anyone would really bat an eye, they will always be bought by someone else, that's the way it works.

kibo never had an opportunity to buy Katoro, Katoro was formed through a reverse takeover of Kibo assets with Kibo retaining i believe 50% + , but has reduced it's interest over the last 2 years, for not a lot of investment to where it is currently.

a power plant now, but taking a positive view, a binding term sheet underpins the case for building a plant, coal obviously isn't dead yet, perhaps this is where Wimmer step up to the mark

Kibo Energy PLC Binding Term Sheet for 200MW to Baobab Resources
Source: UK Regulatory (RNS & others)
TIDMKIBO
RNS Number : 1840N
Kibo Energy PLC
18 May 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
("Kibo" or "the Company")
Dated: 18 May 2020
Kibo Energy PLC ('Kibo' or the 'Company')
Binding Term Sheet to Supply 200MW Energy to Baobab Resources in Mozambique
Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset, Africa focused, energy company is pleased to announce that it has signed a binding term sheet (the 'Agreement') with Baobab Resources Ltd ('Baobab') to supply c. 200MW energy to its Tete Steel and Vanadium Project ('TSV Project') in Mozambique.
Highlights
-- Baobab to exclusively deal and negotiate with Kibo regarding entering into a Power Purchase Agreement ('PPA') to supply c. 200MW energy to its TSV Project in Mozambique
-- Located approximately 36km away from Kibo's Benga Power Plant Project ('Benga'), the TSV Project is recognised as a key development project in Mozambique
Louis Coetzee, CEO of Kibo, said: "We are delighted to have secured this strategically important agreement with Baobab. The TSV 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 c. 200MW energy requirements, subject to reaching final agreement on an appropriate PPA. 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.
We look forward to updating the market with further developments in due course".
Details
Kibo remains focused on developing the Benga Power Plant Project in Mozambique with its joint venture partner, Termoeléctrica de Benga S.A, which will now comprise a thermal power plant with min capacity of 350MW, as well as planned renewable energy projects. To this end, it has signed a binding term sheet with Baobab to supply the complete c. 200MW energy requirements to its TSV Project.
Located approximately 36km away from Benga, TSV is being developed to produce half a million tonnes of construction steel per annum and is construction-ready with all licences,

binding agreement for 200MW in Moz

incoming

t w a t

**** you jax, you useless waste of air

But i've been here so long what's another 1,013,861 in the pot , must be in the 1's by now

Thanks for letting us know. The technical team will get that sorted.

Kind regards
Louise

London South East

That's got to be the funniest post i've read on any bb ever , I take it , it was written in jest, well i ******* hope so

"I bought into this share yesterday...damn its slow and painful to watch"

I just can’t understand why people on here are still invested, yet slate the company so much. Having your money invested in a company you don’t believe in makes your investing abilities somewhat questionable. Blunt, but true.

never a truer word spoken

i think that says sale of shares not buy

Interesting addition, lets see if this gets ramped

Anti-Infective: new BioAMP-B (Anti-Fungal) product for lung infections

Well done mate

surely that doesn't warrant a near 60% rise.... but then this is pyc, where 3000% is possible

more likely, but i'm not complaining

What' s going on.....leaky leaky over at Kat, and spilling into here

LOL, which guys are these? if you're referring to investors i think your wishes will fall on deaf ears. The reason for a 40% spread is fairly obvious to most, no one can sell unless you f*****g desperate and no one really want's to buy at the moment unless you're stupid