Member Info for mizman

The Board meeting would have occurred by now and response sent to SEPCO. Last time the extension was agreed mutually, as both parties were negotiating price. I will speculate that SEPCO came in below 5p. LC then pushed back and then threatened that a better deal can be had with other entities. This is not about due diligence. Either way we will get equity investment and at a higher price. I suspect it will still be SEPCO. We will find out by Monday at the latest.

People sell for all sorts of reasons. Could be traders bored waiting for news, some one needs some Christmas money or rainbow chasers. Hardly an avalanche of sells. Just the normal trading range.

Too much focus on the worst case scenario here. What if SEPCO make a bid at 5-10p? That will be a 2-3 bag easily. Place your bets.

Any news leaks on when the deal is to be signed?

Will we get any Christmas cheer from Adian? Put a beard on him and he could almost be farther Christmas, coming down a chimney with gifts of listing and Worthington deals.

Sonic, have a feeling it will end well as SP is not down 20%. Let's see next week.

What's the view on why the SP has held? It must be due to LC standing his ground to SEPCO on price. If you go by the recent RnS's it is not dependent on PPA or SML. So buy in price it is. Hopefully better news soon.

Maybe a wet dream of yours but not going to happen Drax. Either SEPCO will invest or GE.

Or maybe waiting on call from SEPCO.to say they have signed on the dotted line. Afternoon RNS perhaps?

Not even to purchase ;)

To me it reads as, if after equity investment it decides at a later date to sell its stake, it will do at market price.

Dated: 03 July 2018 The SDA is inter alia conditional upon the following requirements to be met: · Both Parties obtaining all approvals in their relevant jurisdictions to enter into the SDA; · SEPCOIII completing a due diligence investigation on Kibo and its project portfolio as required by SEPCOIII internal procedures; · Both parties agreeing on the final percentage and issue price for the shares that will be purchased in consideration for Direct Equity Investment 1; · SEPCOIII completing Direct Equity Investment 1; and · The meeting of all conditions by 30 September 2018, unless the parties have mutually extended or waived this requirement. Typical termination provisions are included in the SDA, such as breach, commercial viability and changes to the political landscape, with SEPCOII to prioritise any exit of Kibo equity at prices not lower than the free market price. About SEPCOIII

Why did SEPCOIII delay the deadline for the Strategic Development Agreement? As stated in the RNS dated 1 October 2018 the decision to postpone the deadline was a mutual decision taken to allow SEPCOIII to complete its internal procedures. The conditions to the SDA are still as outlined in the original RNS (dated 3 July 2018) and is not subject to first signing a PPA on the power component of the MCPP or receiving the SML on the coal mine component of the MCPP.

Deleting posts is pretty poor show. Problem is anyone could be doing it. Looking forward to being less poorer next week.

Yet no movement in price.

I'm looking forward to Lurkers after hours prediction. Bad news of no deal of would be RNSd today as and as I said, no news is good news IMO.

KIBO MINING INKS SHARES FOR CASH DEAL WITH CHINA’S SEPCO III Date of post: 3days ago!

https://www.schievelavabojourdan.be/model/8645/sepco-iii-china.html#nogo According to this link. 25% for cash. Hopefully we will have confirmation soon.

Yes there are a couple of buys at 2.07 and 2.05. let's see what the day brings. Good news Monday and SML in December, will put rocket upthe SP.

Mike, can only see one trade, sell for 70k. No stampede to exit indicates no bad news. I think brokers note plus all the recent publicity means that a deal has been reached and will be released to the market at some point in December.