Member Info for DPR1881

KREAD I assume by shares held by Dormant Companies you are referring to the 3% held by Aurora Nominees Limited??

Its the nominee company of BNP Paribas, do you think it might be a nominees company they use for clients holding shares in crest?? or have you not got that far with your detective work? More of a Baldrick than a sherlock holmes?

@Kread are you for real:

"as i thought no reference from company with regards to dpr posted, that is why i couldn't find it."

Really such an esteemed research analyst??? :) :)

My text is a copy and paste from the company announcements, there is a challenge see if you can find it ??

Kread. I suspect you know this and are deliberately misrepresenting the facts to suit your own twisted agenda but if you read the annual report you will note:

The Company pre-qualified for two new Capacity Market contract auctions for Pyebridge The T-1 contract, which is scheduled to start on 01 October 2023, was secured at a clearing price of £60.00/kW/annum. The T-4 contract, which is scheduled to start on 01 October 2026, was secured at a clearing price of £63.00/kW/annum.

I am sure that as you are such talented research analysis you are already aware of the above, so why are you misrepresenting the facts here, please share?????

According to my calculations Kibo holds 54.18%, SEV holds 3.01%, PSCD Power 1 Ltd holds 7.49% and Care 1 Guernsey Ltd holds 7.49%. That leaves only 27.83% in free float. This one should fly when the good news comes at the end of August.

@Dave_0 I hope for your sake that you havent filled your boots with Kibo on the JSE.

06:26 Interestingly at yesterday's AGM only 43,096,106 votes were cast in favour of the resolutions.

Given the last TR1 lodged by Kibo Mining (Cyprus) Limited declared a shareholding of 125,815,322, does this mean Kibo has disposed of 82m shares?

Assuming the JV does in deed proceed this could only be viewed as a positive by Mast Energy Plc Shareholders.

Well well well. An interesting outcome to the EGM.

Were there more "technical difficulties" with the voting on the Special Resolutions or contrary to what LC would have me believe he does not enjoy the full support of certain significant shareholders?

Honestly the lengths you have to go to get a resolution passed these days like driving the share price into the ground before issuing yourself 500m shares!!

IN THE NAME OF GOD MAN GO BEFORE ITS TOO LATE!!!

15:28 The results of Mast Energy are due soon and unlike Kibo where everything moves at a pace slower than a snail (and the only thing that increases is the equity due to the directors on conversion of a loan note) I am strangely optimistic about Mast.

1. Cashflow should be strong from Pyebridge.

2. Could this be the year that the plant on Liverpool Road, Bordesley is finally delivered?

3. I am hopeful the company has not drawn down the full "institutional investor" Loan in which case the equity dilution from warrants will be limited.

Well well what a week that was!!!
If that was the week that LC stabilised Kibo then I don't want to be around for the week he blows it up! He has had the opportunity to strike a deal with significant shareholders who were willing to put funding in instead he chose to talk at them and collude with sharks!

@Patientzer0 Because he has delivered almost nothing!! If destruction of shareholder value was a measure for CEO performance then he would have to be Top 10 (as a percentage of share price)?

@Patientzer0 If yesterday's fire sale announcement had ended with a the news that a new CEO had been appointed who knows it may have been a “positive inflection point”!

@BricksSA LC not made such a mess of Mast project delivery then the share price of Kibo would be higher and shareholders would have been happy to support a placing.
The fire sale announced yesterday is exactly the reason why shareholders were write to block him. Its time to do the only honourable thing and step down as CEO !

I don't think anyone doubts that if Kibo Energy Plc is to deliver its viable projects then equity needs to be raised. The point is that the current management team have a track record of delivery which speaks for itself (I include Katoro and Mast) and the majority of shareholders have zero confidence in the executive management team. Riverfort are not fools their loans to Mast and Kibo need to be repaid. Change will eventually come and shareholder confidence will be restored. VOTE NO TO RESOLUTIONS 1 - 5!

Another day another Kibo EGM! The Euroclear CDI solution for Irish companies listed on the LSE was a Brexit fudge that completely disenfranchised shareholders and no one cares. on 28 October 2022 Kibo released the following RNS" Due to ongoing technical difficulties relating to the casting of votes, most of Kibo’s largest shareholders were unable to cast their votes, despite the anticipation that these difficulties would be resolved in advance of the adjourned meeting. The Company did not wish to further adjourn the AGM, and therefore the board decided to proceed with the ordinary business of the AGM and withdraw from consideration the proposed resolutions 4 to 8."
What this means in practice is that Sanderson can now vote, why they continue to support the current board baffles me but is a matter for them!

WE WILL BE VOTING 125M SHARES AGAINST ALL RESOLUTIONS. PLEASE DO YOUR BEST TO VOTE AT THE EGM, IF YOU DO NOT THEN THERE IS NO POINT COMPLAINING ON THIS BOARD ABOUT KIBO MANAGEMENT!

@SABrick The company is due circa £1m from Mast Energy Developments Plc which is generating revenue, it also intends to sell in the waste to energy projects to a newco before spinning this out via an IPO, cash can either be raised from the sale of the waste to energy assets to the new entity or via vendor shares in the placing.ie. receiving vendor shares and then selling them in the placing.
And of course there is always the possibility that Kibo will actually receive cash or liquid assets for the disposal of the coal assets!
Shareholders must continue to vote against the authority to allot shares to force the directors to use alternative funding sources which are not dilutive.
Shareholders are stronger together @kiboaction.

@BricksSA Following the major shareholder rebellion on 28 October 2022 the Directors no longer have the authority to allot shares. Therefore there can be no placings or other dilutionary funding deals at the level of Kibo Energy Plc. Shareholders must continue to stop the death spiral of placing after placing with no tangible results from the Board. Please follow us on Twitter @Kiboaction for further details.

@patientzer0 Call me stupid if these are obvious questions but what is behind the TR1 and why do you not need to ask who is dumping??

@Patientzer0 Please enlighten me..... what is behind the TR1 I would love to know??

@Patientzer0 There is an AGM coming, there is now a significant amount of stock in the hands of those that will vote for change! Why do you remain so negative?

@patientzer0 You are hilarious! What is the motivation to keep going here? Are you a stale bear ? :) Predicting any buying or selling today?