Member Info for mikemike

Just remember you cannot have my 45p for the three projects at 15p each. it's all mine I tell you, it's all mine:)) or is it energy:)

BB unlike you I gave a reasoned guess

based on 900mw as already explained, probably beyond you. just to help it works out as 15p per 300mw

BB you lost this bet they already have electricity, in some places

''If someone offered you a bet of a thousand to one that Tanzania wouldn't have electric in the next 10 years I think you would put a tenner on it.''

I do not believe that SEPCO lot 2 has been agreed with any doubt about the TG going ahead in a more timely fashion. Same for the development bank funding.

this will happen and i suspect it will be sooner rather than later.

Tuggy I have no theories. i am hoping for a response to my e-mail

Lurker you have not considered the other two projects for total NAV

Bb

the CEO has a responsibility to all shareholders be they short or long term. I am happy to see the value become accretive by using funds to advance projects without further equity dilution. Yes 25p now plus would see me sell up as well, whilst allowing others to stay invested in a business that was funded to progress.

Tuggy i accept that the increase in costs could be down to travel activity. Where does the increase in liabilities come from as it is huge by previous levels.

So you think the value will be less than cost?

''Discuss broader project development co-operation with the objective to expand the existing co-operation agreement to, amongst other matters, also include the Company's Mabesekwa project in Botswana''

I am thinking 15p per 300mw and does not include MCPP coal sales. If the Ml for MCIPP comes in before end of September, plus ''Extent'' on MCPP to 600mw in near future. I think that is a 45p region and very soon.

Kibo is not going to be valued on 300mw for MCPP. Not when Sepio have suggested a $2b value for the full development for Lamu, if they get it etc.

so my initial thoughts are 45p for 900mw being much closer than we think

Magnet

I agree that they both may come in. I would not see Sepco valuing anything without them. Just not be surprised to see MCIPP come sailing in first.:)

They are delaying the new Kibo energy web page for a reason and I do not expect it to be delayed until end of September!! I hope!!

Bcl42, its Ok you are welcome

Drax or for unhappy clappers to post correctly:)

I am in for eighteen months.

My timing was driven by recovery from the disaster that was Afren by way of Glencore and Anglo American. I have seen Kibo morph from a miner with power interests to a full energy company. The 300mw power part was what drew me in, if it was just a miner I think i would have not bought in.

Now I have in relatively short space of time seen immense possibilities and opportunities here that I never thought I would see when I first invested.

I was hopeful for 30p a share in two years based on MCPP plus coal sales. at that time a lot less equity. Now I see far more than the value of increased equity. Am I right in that thought? I will like the rest of us be looking at Sepco end of September to give me a stronger indication, just over six weeks away.

The reason why I tend to be way more relaxed over things is that I live and work in SE Asia and know the real meaning of ''in country risk''.

drax time you sold and happy clappied elsewhere. I would if i felt that way.

Personally I am enjoying the journey and can see where this is going to go. I would not be surprised to get the ML for MCIPP in first. I understand that the TG will continue to take their time in proving that they have completed due diligence that does not leave them open to be taken for a ride, as they have been bu others in the past.

Once the signposts for this journey are in place in will make it far easier for Kibo and those who follow.

Then again you knew this to be part of 'in country risk' before the journey started.

''Time to stop empire building and diluting and actually create some value for shareholders.''

Maybe you need to be more aligned to LC ambition and vision, he intends to create far more than just ''some value''.

i have e mailed and asked why out costs are up and why we have an increase in interim payables, where did they come from and why. The reality is argos is dormant in terms of outgoings so why the increase in costs and liabilities.?

Thank you for this document. i can now understand why LC has referred to this process as a

"Kibo is currently involved in a myriad of activities related to the finalization of the MCPP PPA and subsequent funding and financial close processes''. Pretty hard to know when this process has an end point or where that end point may be.

yaki ty
Looks like the other two are exporters so may be a different challenge.

Anyone know who the two other SMLs are?

Would prefer days, even seconds:)