Member Info for Deecay

Yes T50, my post at 13:02 is a copy and paste. I've just checked the proactive article and it has definitely been changed - reference to Mbeya having the PPA has been removed.
I wonder if the journalist got it wrong or if LC let something slip he should not have done.

"Because Coetzee doesn’t intend to stop at three power projects. The aim is to develop a portfolio of power generating assets across Africa, and not only coal-fired power either.

“We’re not there yet where we think we have a full portfolio,” says Coetzee.

“We want to create a full-scale energy company across the various energy sectors. And there are no countries that we necessarily rule out.”

Building power stations is obviously a more expensive undertaking than building coal mines, but Coetzee isn’t phased by this increase in his company’s potential capital requirement. On the contrary, the new model actually makes it easier to raise funds.

That’s because, where a power purchase agreement is already in place with a potential buyer, as it is both in the case of Mbeya and in the case of Benga, the risk profile of the project is much lower."

Proposed name change.

30-07-18

Having listened to the podcast then it appears the next logical step would be to offload the coalfield. LC stated we are no longer a resources company but a pure energy company so why waste management time running a coalfield - better to sell it on, get some cash, and negotiate special buying terms, with the new owners, for the power plant's requirements?

Actually we didn't sell we swopped for shares and then gave Kat some cash as well. Not a great deal when you look at kat's performance since we floated it off.

The Kibo sp would do a "GGP". We can dream. GLALTH

I don't agree with that, it could be someone instructing their broker to sell £5000 of shares each time - the £12 being fees.

Yaki, I don't think the BOD are able to buy shares at this time, they must have information which isn't available to the General market and this precludes them from buying.

is what happens if LC gives an indication because in some minds an indication becomes a deadline set in stone.

SirG thank you for the update. With regard to Directors buying shares, did he say anything about them being precluded due to the sensitivity of the negotiations and being accessible to information not available to the wider market?

Just read today's posts. No post from Wimbo today?

According to the article the licenses have to be collected, but it does say to let the mining commission know if yours isn't there. Over to you Louis!

Lock-up Agreements By an agreement dated 4 May 2017, each of the Directors and Kibo Mining has undertaken to the Company, Strand Hanson and Beaufort, subject to certain limited exceptions, not to dispose of and to use all reasonable endeavours to procure that persons connected with them do not dispose of any Ordinary Shares which they hold following Admission for a period of 12 months. In addition, in order to ensure an orderly market in the Ordinary Shares, each of the Directors and Kibo Mining have further undertaken, in respect themselves and each of their connected persons that for a period of 12 months thereafter they will not (subject to certain limited exceptions) deal or otherwise dispose of any such interests other than through Beaufort or such other broker appointed by the Company from time to time. I believe the lock-up was 12 months from 23/05/17.

Q1 Corporate Presentation 2018 - updated 25th April 2018 Well worth a re-read of Page 19 Value Triggers remembering this is an April 2018 update.

If there are better opportunities elsewhere then sell at a loss and recover your loss from your new investment.

Look at the thickness of the files (contract documents?) they are holding. Clearly not a paperless office!

64890 and 65590 identical. An error or news is so good it needs restating?

"Discuss broader project development co-operation with the objective to expand the existing co-operation agreement to, amongst other matters, also include the Company's Mabesekwa project in Botswana." Now what could these other matters including the Botswana project be? Another phase, another project?

Maybe the reason the Nomad wouldn't let St Brides put something out was because they don't share St B's positivity. Oh, and the suggestion that the sp will give away news coming - it slipped twice in the last few minutes of trading yesterday. Finally, maybe when LC said the PPA would be completed by end of Q1 it was another of those faux pas and it should have said end of H1. Just thinking out loud,