Petcy197 -
“ Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces that further to its previous announcements dated 23 October 2023, 13 November 2023 and 1 December 2023 respectively, the Board of its subsidiary Mast Energy Developments PLC ('MED'), a UK-based multi-asset owner, developer and operator in the rapidly growing flexible market, has now received sufficient verbal and written confirmation from Proventure Holdings (UK) Ltd, part of the Proventure Group ('Proventure'), and its funders that the initial Interim Payment of £2m will be paid to the Joint Venture Special Purpose Vehicle ('JV SPV') between 15 and 20 December 2023, subject to signature of definitive agreements. “
They had verbal and written confirmation but the payments are “subject to signature of definitive agreements.”
Percy197 - trawl through the RNSs…… it clearly states in one of the many ‘updates’ the JV proceeding is contingent on the signatories being affixed.
It’s only breach of contract IF the JV received the requisite signatures. They RNS’d to say funds were dependent on signatories but haven’t updated whether said signatures have been put to paper.
And again, not a single word from Proventure or any other company announcing participation in the JV.
Just checked the sp……. Quite a drop over the last few trading days. Really thought we’d seen the back of sub 350……
It has been bandied about on here - a tie up/ merger/absorbtion of He1 & NH in whatever form….. is it just me or are both companies a bit quick to hype or over egg ‘results’?
Potential is just that - an unconfirmed but possible positive outcome. Potential undelivered doesn’t really mean anything much to the bottom line though.
Hey ho….
Hi Joe80
Maybe a buyout and fresh slate is what’s needed here now confidence has vanished - must admit I was not expecting a raise at a 72% discount. Ouch.
Out of interest, are you thinking it’s a zero return for current holders if that happens - bit like Cine or in your opinion is there likely to be any offering to current holders, no matter how meagre?
I know it’s speculation but it is interesting to get the view of experienced drillers …
Morning everyone …..
Lack of coms - last time HE1 posted on X after the cash raise, they received a pretty immediate and thorough drubbing ( deservedly so)….. do we think they may have taken that on board and are now being a tad more circumspect and are reading the mood ? They cannot be blind and deaf to sentiment as it’s pretty much universally negative. (Whether or not they care beyond their own future prospects is another matter )
Just wondering if a court of law would allow the IAG DEFENCE…..
I’m sorry Your Honour but I am an IAG shareholder and having checked the sp I came over all unnecessary and the red mist took hold…..
Fordm I completely empathise…… no amount of hoses or bullets is enough….
Hi everyone
Stockopedia has this ranked as a sucker stock…..
Never owned one of those before - not something I was aspiring to hold!
Bit grim this lack of official comms …. Onwards (& upwards) we go
GoCPI…..Quick question…..why do you say Aimless is a ‘she’ ?
Whether holding for clients or themselves, Invesco have just dumped a tad under 6% as per RNS after hours from 9.73 % to3.75%
New year portfolio housekeeping we hope rather than a precursor to something malign.
Anyhoooo. …. I hope you all had a good Christmas and all the best for 2024.!
Good morning…..
I really thought we’d seen the last of the big swings - I did not expect this level again within a day or two of trading. Volatility will always be there but this seems overdone…… they can’t miss on their next update, surely? I know they have repeatedly come in under where they say they will be but that can’t continue ad infinitum.
Shareholders have been very patient here and jam tomorrow isn’t always going to be enough. So frustrating……
Good morning everyone
This is a better start than I was expecting. The numbers lack heft but there is progress and momentum. Now all new clients are being signed up to the subscription model, there is hopefully a floor under declared ARR.
I like ……..
Gordonbennett1 “ Do you really think if they had walked away they would repeatably tell Mast who RNS potential dates for payment?”
And you know it’s Proventure who have repeatedly given dates because????? Because Mast have said so? Proventure haven’t even acknowledged they are part of this agreement….. the only voice here is Mast. I believe there is obfuscation with the name Proventure as the JV is supposedly with Proventure HoldingsUK Ltd who have the princely sum of £100 in share capital and no trading accounts.
I’m saying look to Mast here…..what can’t speak can’t lie and Proventure hasn’t said a dickey bird…..
Not being funny but Seriously Wimbledon….. that’s your take away ?
Cantor released the RNS - what they are holding has reduced whether it is on behalf of clients or not. Are we all being pedantic now?
12% down……. Not the way I thought THG would end the day.
So frustrating - and probably unnecessary. Seems someone is still forgetting their responsibility to their shareholders …… I do believe it is undervalued and I do believe it could come good in time but after years of disbelief and disappointment, I now ask if it’s actually worth the frustration…. I’m sure my headspace would thank me for bailing.
sono***un “ have they even signed the definitive agreements let alone pay what they owe.”
thing is, they don’t/won’t owe anything until signatures are actually on the agreements……. .. everyone is knocking proventure but maybe they walked away after doing their own due diligence - who knows. certainly the shareholders don’t….
i think if the agreements had been signed it would have been rns’d as mast already stated the the jv was contingent on the requisite signatures. there is a deafening silence from any/all proventure named companies and that is extraordinary. they have literally said absolutely nothing yet they showcase their agreements with other countries on their website. no mention of mast or the uk whatsoever.
i come back to the new advanced third party discussions mast highlighted in their rns when the funds did not materialise in november …..seems those discussions came to nothing as there has been no further mention of them. and if the jv with proventure was a done deal, why would mast be entering into further advanced discussions to replace proventure?
it’s all just so wrong on every level imaginable. and it didn’t need to be this way…
Cantor have just sold down their holding from 7.4% to 6.89%
Joe80 -
Thanks for the technical info…… it can be overwhelming unless it is broken down into bite sized pieces that are easy to understand.
Hope everyone enjoyed the festive season - Christmas seems a long time ago now. First thing my portfolio was more or less a sea of blue…..now it’s more or less a sea of red. Hey ho…..
Hopefully it’ll be a better year than 2023….. all the best everyone.