Member Info for JDwag

Who's going next Monday??

JD

Hard to say, however, it’s telling them taking a direct equity stake in a company (they usually only take equity stakes in the SPVs). I am hopeful for a buy in price more than the current SP, let’s just put it that way.

JD

I have blocked Lurker and every avatar he has on here, so far I count 4, although who knows how many he actually has (not to mention the fact that his real name has slipped out).

It is impossible to reason or even argue with someone who goes away and comes back with a new avatar then tries to argue the same points with you 3/6 months later pretending to be someone else.

JD

Indeed, Wimbo. I look forward to it with great interest, as it will truly show how much SEPCO 'want in' for a good stake. For my own sanity I am hoping it’s close (with a sensible discount) to the Net Present Value (NPV) of the combined MCPP (Mine and Plant) Feasibility Studies. Now that would be bullish.

JD

Inconclusive we’ll call it. JD

If they where rollovers would they not be for the same monetary value but a different amount of shares (when they are bought back)? Looks like buys. JD

Or rollovers? JD

‘fake shake’ to get those buys in? JD

Vhat is your name boy?

JD

Less than 0.2% of shares in issue traded today……’ the devil makes work for idle hands’

Meaningless drop (unless you need to be out soon).

JD

Of course you are correct, ultimately, this is about the Chinese State gaining soft power into Africa, all things going well which should be in for decades of huge growth in the fastest growing part of the world (economy and population growth), this is a trillion dollar long term game and if Kibo even get some scraps that fall off from the table then the rewards will be huge. JD

No indeed, you would also have to think that the Chinese will be trying to ‘tender’ for and interconnector and grid works surrounding MCPP direct with the GoT, again, having SEPCO on board will prove invaluable IMHO. JD

Thanks Wimbo. JD

Mike, I think that’s probably fair, thinking back to events and timelines here (over the years) I think it may be too generic to just blame ‘delays’ on your usual african business practices. There may well have been a whole lot more strategic ‘design’ in delaying MCPP to a point where they have the systems in place surrounding it to a point where the electricity generated at MCPP can be put to most use I.e when the full transmission grid is installed. JD

Mike, Agree. I think we can safely assume a great deal of the feasibility study for the mine (and power) has already been completed. JD

Does anyone have any research on programme / timeline dates of when the surrounding 400kv transmission lines (outwith our scope of works) around the MCPP are due to commence (part of the $455 world bank deal just announced)? Lots of details on the works but can’t find dates on when the works are to commence / conclude. It’s a leading question in some respects, have the GoT happily procrastinated on the MCPP (and dates) to ensure that the transmission lines are in place to actually ‘evacuate’ the power generated from MCPP? In other words they are waiting till it all lines up? JD

Interesting amount of criteria and information required for the ML in Botswana. On the assumption that all of this will be submitted in Q3 2018 it's looking pretty advanced. Also as per SGB and Yaki's feedback when they last met LC obviously kibo is capable of doing a lot of this stuff 'in house' now: https://www.gobotswana.com/mining-licence JD

The BMN RNS of 22 March is what I dream of what the SEPCO buy in / stake will look like, 15% would be circa 100m shares, if it's at a healthy premium, well.... JD

BTW you want too look at a company that was bombed out not 'too' long ago? Look at BMN. Less than two years ago it was at 1.25p a share with an MCAP of well south of £10am. Then the deals came, the market paid attention and the new money flooded in. Now a quarter billion pound MCAP, 15 bagger or something stupid from that point in 18 months or so, we are debt free, awaiting get a big dollop of cash from the Chinese and awaiting a career changing deal. Just saying. JD

It’s a question where you have to be merciless in your critique of Kibo and past timelines / promises! We’ve (LC / BoD) have not exactly done what they have promised in the past. Now, not all LC or the BoDs fault, but some most certainly have been. As such after having this that and the other promised over the years Mr Market has taken the view of ‘fool me once.....fool me twice’ when it’s comes to investing here. Now, I’ve always believed (that’s why I’m still up to my nuts here) that LC has ducked and dived here in the best interest of the company and shareholders, but let’s be brutally honest, he has most certainly ducked and dived here to get us to where we are. Again, I don’t have a problem with that, that what pure entrepreneurs do, it’s what makes folks take rag bag flee ridden AIM dogs and turn it into a regional African Energy player with the Chinese State on your side. And lest we forget, he’s done this without catastrophic damage to the shares in issue, so was he wrong? No IMHO. But, as far as the SP is concerned, confidence from Mr Market will only be endowed once JPM’s fountain pen has blessed the PPA parchment, that’s just the reality of our history. But when it does.........Hawksmoor’s all round. JD