Member Info for JDwag

You are utter poison. I weep for you and whatever event(s) made you this way.

JD

Bravo mate.

JD

Kibo PLC cannot raise money at these levels (we are 30% or so below par level).

Therefore, to dilute (in a conventional sense) they would have to either (a); hold a GM with a resolution to alter the par value (i.e. take it down to a level you can issue new shares at) or (b); they could put a special resolution into the upcoming Annual Results / AGM to vote on to alter the par value (i.e. take it down to a level you can issue new shares at). By the way, the Annual Results will be published next Friday 14 June.

I don’t see this happening, for a few reasons, Sanderson and Sechaba won’t want to see their capital diluted to smithereens and there is also the chance that is fails in a vote (disaster for Management).

The least path of resistance for Kibo to take is for them to continue utilising the Sanderson USD 2,940,000 Forward Payment Facility, it’s non-dilutionary (at point of use) and Sanderson can ensure they have maximum sight of their investment (which is seriously underwater currently).

The annual results next week will tell you exactly what cash burn is (exploration and administration). My own take on this considering how far the last $500k Sanderson drawdown has taken us (3+ months) expect a serious curtailment on costs. I think we are looking at an annualised spend of <$2m on exploration and administration which is astonishingly low considering what these guys are doing in terms of business.

People are obsessed on the CEO’s wages, wrongly, the guy is probably doing the work of 4 people.

JD

It’s a good solid update showing forward progress. Beyond this I would like to see an update now on MCIPP, but more importantly MCPP. MCPP due to its ‘shovel ready’ nature and the fact we own 100% of it still offers us the biggest prize IMHO. An update on how negotiations with the EAPP or SAPP are going would be appreciated. Our CEO is out there doing an honest job on a shoestring budget and still actually advancing this portfolio, it’s actually rather remarkable what he’s achieving. It will be slow, painstaking and methodical work. But we’ll get there I think. JD

Out JD

I'm sure Yaki and SGB where there last year and he openly spoke to them about KIBO.

JD

Anyone going to the KAT AGM on Tuesday 18/06 to see LC?

JD

At the moment. A waiting game.

JD

It shouldn’t surprise me anymore just how bent AIM is, but it still remarkably does none the less. Have a good weekend all, the prize is still very much in sight IMHO.

JD

JD

Every penny they have is being thrown at Stiegler’s Gorge Hydroelectric (2,100Mw), the Kinyerezi Gas extension (185Mw) and Phase 3 of the Rural Electrification Agency (REA). Stiegler’s will probably bust them based on this kind of annual budget expenditure for years to come:

https://www.thecitizen.co.tz/news/1840340-5135030-8q0rwv/index.html

You can understand why they came back to us…

JD

45,802 ah go on then, while we wait...

JD

Lol. JD

About this week coming. JD

Is not £53k lol. JD

My little top up of £53k showing on ISDX. My sacks are full to bursting with Kibo share. Keep the faith. Big things coming IMHO. DYOR JD

Active in the region. Article also mentions Kibo: https://africanbusinessmagazine.com/sectors/commodities/wimmer-financial-in-talks-to-finance-a-lithium-mine-in-zimbabwe/ JD

Absolutely Dave, I’m genuinely excited for what the future will bring here. We are in fantastic shape for the next few months ahead. JD

Poor Lurker.

He’s going about all the chat boards telling that same LC Salary gag desperately seeking acceptance LOL.

JD

Key sentence: ‘At this stage it is not anticipated that Kibo will be required to fund MED's development of Bordersley.’ If they are in a place to secure mezzanine debt or other equity instruments such as convertible loan notes, etc then the margins on these things must be higher IMHO than the 16-19% previously identified. ‘Borrowing’ Equity as opposed to having the funds yourself costs money, it comes at a rate. That’s what is very good about this RNS. JD