Member Info for JDwag

Not just us, looking at our immediate peers or the sector generally on AIM and it’s hardly pulsating with life at the moment.

The Sino / American / SEPCO3 / GE dynamic is an interesting observation, I had thought about this as well, when you think back to the SEPCO3 July 03 RNS I though GE would have followed suit immediately with a similar buy in stake, however, after the GE announcement that was clear it wasn’t going to happen, therefore I think it’s fair to hypothecate (maybe wrongly) that as part of the SEPCO3 buy in was that it was a Chinese Option only and that they would only do it if this was for their exclusivity only. SEPCO3 are the Chinese State, don’t forget that, so you have to conclude that by them buying in here they have a good deal of assurance that the US (GE) will not have as big (or more) a say in KIBO Energy PLC’s affairs.

LC could well have had SEPCO3 in competition with GE over this and went for SEPCO3 as that was simply the better deal?

JD

Can only be a few days from being submitted I would have thought? On the assumption that the timescale is met of course lol. JD

One of these days (Rodney) we will wake up that RNS we have all been waiting for, could be tomorrow, could be end of September, but considering the car crash of news on energy generation projects the TG have had lately you would think they would want to get a good news, shovel ready project out there soon enough.

JD

https://stockhead.com.au/resources/tanzanian-contractor-fights-to-have-intra-energy-subsidiary-placed-in-administration/

An interesting development, looks to be ramping up to be a serious issue for Tancoal (Tanzania’s largest coal producer). The problems seem to revolve around the TG demanding a ‘ramp up’ of production and the Contractor / Subcontractor having a discpute based on a woeful Subcontractor performance.

It’s a reminder (if one was needed) that you need a Major Player in your corner in this part of the world and for a size of project we are attempting so you can deal with local interests and Governmental pressure, cue SEPCO and the Chinese State……

JD

http://www.mondaq.com/x/735084/Mining/Who+Is+Who+In+The+Mining+Sector+In+Tanzania+The+Institutional+Framework+And+How+It+Work

An excellent breakdown of the procedures we currently find ourselves in during the SML process.

JD

SirG,

For what it is worth I truly appreciate the effort to get me reinstated, clearly a gentlemen behind the avatar as well as in front of it. I will continue to keep posting here, even if that is for no other reason to stick to fingers up to the orchestration to have positivity driven from this board.

Deirdrie returns to Weatherfield it seems…..

JD

It’s been said on here many times over the years, however, LC has always taken the ultra long view that if you put together a compelling and low cost option that eventually the TG will run out of other comparisons and adopt MCPP as a project, what can be seen by all these other projects hitting serious financial roadblocks is sooner or later MCPP will have to go ahead as JPM or Tanzania will have no options other than MCPP and indeed that now appears to be happening, not just 300mw but the ultimate and rapid expansion to 1,000mw. Considering Tanzania’s pipeline or large baseload power I can’t imagine a situation why MCPP won’t eventually proceed?! JD

Interestingly rereading that article, it’s clear to me that Stiegler’s Gorge is getting serious resistance from ‘donors’ and by donors read international banks and funds who don’t want their money to be associated with destroying a UNESCO protected world heritage site. Excellent news for us. JD

https://www.today.ng/business/energy/tanzanias-john-magufuli-accuses-oil-firms-profiteering-151199 How true. Bizarrely, this is something that could work out to the advantage of the smaller players in Tanzania (the Kibo’s of this world) over the big majors in the country. A BP / Exxon, etc needs bug overheads and big profits to worth their while, and that obviously goes against JPMs nationalist agenda, however the smaller Kibo’s of this world can obviously survive on much smaller profits. Should work out well for us this as we have a project that can be expanded to 1,000 Mw. As for Stiegler’s Gorge, aye okay mate, maybe in 2030 you might get some power out of it. JD

Kiwira is a mothballed underground mine with no owners / Investors (lies in state hands currently) and no feasbility / Plan to bring it back to life, let alone plan, fund, permit then build a power plant. It’s years behind MCPP, which is shovel ready. JD

Your opinion matters as much or as little as anyone else’s for that matter, and as far as thoughts for the days goes it’s a pretty decent one. You may not be a million miles off in that summation. JD

I’d caveat that by saying there is no way IMHO that there is a general placing coming i.e. through the usual market participants.

Considering that the latest ‘dilutions’ have come at 5.25p via a private placing (so to speak) I expect any future ones to be done the same way and considering volume and SP movement there is nothing to suggest to me that a general placing is coming!

I do however think that as per the last ‘Irish Investor’ placing that the Corporate Presentation was updated with a view to bringing in more institutional monies, it is AIM after all and money always has to be raised.

JD

That sounds about right, Bcl. Gives them three cracks at the whip buying into Kibo Engery PLC. Make money on your Kibo Shareholding, make money on your EPC Contracts and also give you a chance to participate in each projects SPV. That has to be worth more than 5.25p, surely? JD

just a thought. I might be wrong but I just don’t think that’s intended for us mere PIs. JD

The same as the Presentation update of 27/07 that was then followed by a placing (Irish Investors) 3 days later on 30/07. It’s not meant for us a d like the last Presentation I’m expecting cash to be raised prior to the SEPCO call at the end of the month. JD

A bit like the last one (just before the ‘Irish Investor’ came onboard) this seems to be aimed at the corporate investor IMHO. It looks great and all but nothing we didn’t know already. JD

Yes, week commencing the 10th I think it was for our neck of the woods. JD

I would add that i still expect the PPA / SML to be issued within days of each other as they are so closely linked.

JD

To play the game.....10p. But there is so many variables that is a finger in the air of course.

JD

500k now, yes, someone wants them.

JD