Member Info for HawaiifiveO

The RNS shows lenders are still happy to co-operate and it seems the re-branding of the company is well advanced, a new operational team and CEO.

I think this will soon move through 2p - no idea if the Ruffer selling continues but if they want to give their stock away at current levels I am sure there will be many takers.

Expecting a decent day tomorrow.

This is coming very much into the limelight having been under radar for an age and eternity. A gold producer that is producing over 40k ounces per annum combined with............

Record production
Improving grades
Low costs
6.5p paid in dividends in 12 months
On-going generous dividend policy
86% of shares tightly held

I really believe this is worth 70p-80p and its heading there IMO.

Noticed buyers returning today, the fall from 1.30p to current represents a good trading opportunity, from tomorrow the 2nd alluvial plant should be operational + news is imminent on the Hard Rock and possibly the Fairbride mine.

All this for a measly £3m m/cap

It is clear Hutchinson is not listening, he prefers powder puff interviews rather than call a investor evening, he seems to be on another wavelength, almost dismissing Slovenia as 'lost' now looking ahead to a new story, namely, another project.

AIM is full of such companies, when one project goes tits up they find another to 'promote' it's called keeping snouts in the trough to 'justify' salaries.

It seems there is now no urgency on the permits, once again happy to wait for ARSO, the guy seems deluded, no-way are they going to issue these permits as long as Leben is around. Legal action is the only route, shareholders now have appetite for this and a more determined approach, give a time ultimatum to ARSO for example.

Not amused

True to form all the bears and bashing brigade have come out to play, however I expect there is more news to come, Bird has made that very clear, that could be material.

In 12 months, under start up and 'learning curve' process there has been just over 6000 ounces of gold produced, not bad, Bird has implied that, from now, these numbers should increase.

The share price has risen from .55p to 1.25p in quick time, I expected a bit of a pull back but around current levels, with more news imminent, I expect to see buyers arrive again PDQ.

I will get to the Counting House around 5.30 tomorrow, the start time for the meeting is a little later than is usual (7pm) for such events. The meetings are usually held upstairs but the main bar is downstairs.

There is no mention of drinks and canapes in the rather short reply I received from St Brides but who knows?

If anyone is like minded I would be happy to chat all things Kibo related beforehand, if that is too stressful then talk about the market in general, I think a few of you know of me having attended the UK Investor Show.

I would not rule out another RNS first thing tomorrow as historically LC usually likes a new event to chirp about at investor meetings.

Have taken some also, this is an under radar gem, could easily double from current levels and still be deemed cheap.

Ignoring the near 4p special dividend, the annual dividend will probably be increased also, at current levels offers a yield of 4%-5%

Very hard to buy in size.

One thing is for certain, Mr Hutchinson has no appetite to face shareholders by way of an investor evening or a phone in, my bet is he will go underground until such a time there is some inkling of decent news.

He is clearly aware there is demand for such an event.

My guess is there is something coming that could propel a decent rise in the SP, perhaps they can stimulate the wells by some cost effective means, that is my bet anyway as a No 1 possible news release.

We will see.

Whilst there are are many underwater in Kibo I suspect, at some point, there will be another trading spike, there always is on AIM, often in advance of either news or a placing (this practice is gaining ground BTW)

My view is the plethora of energy projects seems far too much for a junior company, look at NCCL, a well managed outfit that has support from the BOD, advanced loans - also has a major shareholder in African Finance Corporation, a 20% stakeholder, even they are struggling to close their project in Tete, Mozambique.

LC was appointed CEO, taking over from Noel O'Keeffe, on 4th November 2011, the share price was around 36p at the time having hit 60p in 2010.

Whilst LC is a perfect gentleman and clearly very bright the fact remains he has taken the share price from above 30p to the current 2p. I am staggered there has not been a total revolt and calls for a General Meeting.

Shareholder activism is gaining ground on AIM and CEO's, even entire boards, are being removed. Long standing Andrew Bell has been moved sideways at RGM on Friday as pressure mounted from private investor shareholders who had large stakes.

The fact that Louis has avoided investors for nearly 2 years speaks volumes, I do hope one or two folk speak up on Wednesday. Fact is the current BOD have not delivered one ounce of shareholder value in 8 years in office. £10,000 invested in Kibo Mining in 2011 would now be worth £570

Maybe a change of strategy is required ?

I am very excited about next week as I expect the share price to continue north, it is entirely possible the share price could end the week at or above 2p.

I do wonder if there is something a little more behind this rise, I was curious as to why a certain well known individual, not related to XTR, decided to step down from his long standing role of CEO and Chairman of another AIM Co on Friday - it seems it was because of new regulations concerning multiple directorships.

I put it out here for comment, I wonder whether, at long last, Colin Bird now feels it appropriate to appoint a dedicated CEO to Xtract Resources. It may be forced due to new regulations or it maybe at will - I think it is very possible, would surely be well received.

Perhaps there is going to be a general update concerning project Manica, the alluvial update is imminent, sentiment seems to have turned here, interestingly any selling on Friday was quickly absorbed, suggests something is going on IMO.

Exciting times !

It will be interesting to hear what LC has to say on Wednesday, it will be the first time anyone has seen him in London since that large huddle around the Kibo Mining stand at UK Investor in April 2017 where everyone though a major deal with GE was imminent.

I feel peoples pain here as I was holding big time (with a 12p+ average) from 2012 to late 2104 and sold a huge bulk of my holding (in relief) following the 'MTR-Johnson' spike to 14p from 1.5p in Q4 2014, a classic short squeeze.

The fact is the main beneficiaries of Kibo's listing in 2011 were Mzuri Group entities, of which LC was one, these 20+ individuals were able to monetize their dormant assets for top notch prices converted in Kibo Mining shares and, of course, the current BOD who have pocketed significant salaries since 2011. Shareholders have had little to celebrate.

Pinewood, Morogoro and Rukwa were acquired by Kibo Mining PLC for over £23m by the issue of nearly 800m shares, the Mzuri entities then dumped these shares into the market causing the huge drop in the share price, this brought about the capital restructure as the share price fell below par value.

It is worth remembering, Kibo had only 50m shares in issue in 2011 - at IPO these shares were worth 35p, The company has raised some £30m and now has 650m share in issue, the current share price is 2p valuing the company at £13m

Moving forward my concerns are these plethora of energy projects and how they will be funded, how much dilution is coming? When will LC ever bring a project into revenue?

I only have a token investment here now, this company has been a graveyard for shareholders, it is way past time LC delivered some meaningful value by way of share price appreciation.

I have no idea if LC will be given a rough time by attendees, at another such event (Ascent Resources) the 20-30 individuals (sitting on huge historic losses) really laid into the BOD which eventually resulted in Board changes and a strategic review being instigated.

I think of Kibo as a story book with no ending.

I mentioned over the weekend I contacted Yellow Jersey asking if they could arrange another investor evening for Ascent as soon as possible. I have received no reply.

I assume YJ would be remunerated in some way to put on such an event so I would imagine they have asked Colin Hutchinson about this. Others have asked for a live phone in or a BRR media live Q&A session, again it seems he does not want to have any such event or contact with shareholders in a live forum.

This is exceptionally poor form.

The fall to .65p was quite farcical - I took around 1m around that price level and no way will I sell those until we get back to the 3p+ we were trading at 14 months ago.

I think news is coming, nigh impossible to buy this morning, it suggests the market knows something is coming.

2p by the end of this month, it's possible!

Indicators moving even more positive with BUY rating increased

Targets 1.52p then 1.81p then 2.09p

https://twitter.com/Oilplayer2009/status/1088697751993503745

I think it is a fair assumption that there are no financial irregularities based on the fact if there were we would have a 7am RNS, no way would the Nomad allow this to trade today otherwise.

I think the BOD changes are down to a new regime taking place at MTL, yesterday the market took the news negatively but today I feel this will reverse. L

A buying opportunity IMO.

One cannot rule out a takeover approach, now let us think about those 70m dumped at .20p - a quite farcical price.

But supposed an offer is based on the average share price over X days + a premium, then that sale would not be so stupid after all if it was designed to lower the VWAP - strange no-one has come forward to declare they sold also?

Another theory to add to the mix.

Clearly when the CFO resigns at short notice the market will worry, could there be financial irregularities, the Non Exec Chairman initially moving to part time and now also resigning. Makes one wonder.

If there are financial irregularities these will be RNS'ed tomorrow 1st thing, the Nomad will see to that. If there is no RNS then, in my view, it is all OK and potentially a buy signal.

The other scenario is these changes have been demanded by the banks as a condition of re-financing. If that is the case great news.

The only oddity, if you want to call it that, is the rather terse nature of the RNS, no thanks for service to the company etc etc.

Tomorrow morning we should know.

This has to be related to re-financing IMO.

The banks are clearly wanting change, a clean sweep, I think all will be revealed very shortly.

I think the drop represents and opportunity.

New buyers need to consider that most long term shareholders (who have the most stock) are in well above 2.5p - the last placing was at 2.85p

Basically, assuming reasonable buy volumes, there will be few sellers (of any size) taking profit, my guess is the chart 'bowl' will complete, that is 2.6p

Still plenty of upside.

Barcharts have this down as a BUY now, its the 1st positive commentary on XTR for nearly a year.

A number of technical resistance points have been broken combined with bullish moves in other key indicators.

Barcharts are followed by professional traders and chart followers who swing trade - it seems XTR is now on the bull tack.

I can see further gains - 2p cannot be ruled out, in fact the perfect chart bowl, now forming, does not stop until 2.6p