Member Info for mizman

Delayed trade from yesterday now appearing.

"Kibo is in trouble and is sat in a very risky position of having no money, various cash burning projects on the go" Boffer, talk about trashing your own investment. Doesn't make sense to me. If I thought like you I would sell out at over 50% loss. Better to have something than nothing. Yes we are in a bad place but if I thought this was a lost case I would sell up. Let's see what SEPCO brings to table. Hopefully funding in place for all the "cash burn".

From today's RNS: "We are looking forward to a prompt conclusion of the entire tender process." Is this a clue from LC, that KIBO is the only serious player in town and the tender process could completed by Q1?

Maybe a delayed trade to be reported later? Anyway not long for SML and SEPCO buy in.

I also wish to clarify that the process of awarding Mbeya Coal LTD, the coal mining component of the MCPP, its Special Mining License and the tender process discussed above, are two completely independent processes and that they are in no way related or interdependent of each other."

Was it timed well? Whilst I never wish any investor misfortune and best of luck to them. I think KIBO is back on track and ready to push ahead with good news.

https://www.thecitizen.co.tz/News/President-Magufuli-out-to-leave-mega-projects-legacy/1840340-4838814-3kiq94z/index.html

KiBO don't have to resubmit.

Sonic, that's the paradox. Why issue an SML to KIBO if you are not going to award the PPA?

I think the SEPCO buy in is still on before end of the month. And we could get the SML anytime before then. As I mentioned, anyone lucky enough to buy at these prices is on to a 6-10 bag on FC.

10 % a day before news next week will do me just fine.

Next week looks like odds on for deal signing: Amazon is set to secure ‘Future’ rights from Biyani BENGALURU: The right to ramp up ownership holding and business exclusivity are key factors determining Amazon’s impending investment in the Kishore Biyani-led Future Retail. The American e-commerce giant is set to pick up a stake of just under 10% in Future Retail, which is likely to be approved by the latter’s board on October 29, people familiar with the matter said. Amazon is expected to pick up shares — through the foreign portfolio investors route — at a hefty premium to the prevailing share price for gaining business exclusivity and future shareholding rights, they added. Future Retail shares ended 14% higher at Rs 494 apiece after television channels reported that Amazon was on track to buy a 7-8% stake in the Indian company. This gives Future Retail, which operates Big Bazaar and Easy Day supermarkets, a Rs 25,000-crore market value, though its 52-week record level is significantly higher. https://www.google.co.uk/amp/s/m.timesofindia.com/business/india-business/amazon-is-set-to-secure-future-rights-from-biyani/amp_articleshow/66253569.cms

I did say 6-10 bagger. I was just a few days early.

Seems like good times are around the corner. However that is one big spread.

We are guaranteed news this month. If as I believe SEPCO buy in at around 5p, that would be a good sign that KIBOS other projects have real value. I also expect stage 1 and 2 for MCPP to be brief. I will go for Q1 for confirmation of PPA and FC. This will 6 - 10 bag for those lucky enough to have bought today. All in my opinion, with positive hat on.

Looks like GE will be determined to show profitability in its power division. They will need KIBO to deliver 3 projects and more. Who knows, GE may even take an equity stake.

That could be true Boffer, but the problem is Tanzania needs the power and soon. Who is going to provide this if not KIBO?

What is your target price to buy back in Swifty?

Well done sir. Hopefully it's fortuitously timed with Amazon deal completion.

Agreed BC. Let's get back there and then who knows what Will happen on FC.