Care to discuss the figures? How do you think they are going to raise the money to pay for this latest project? How much cash is left in the bank?
Tick tock.
Ahoy
But they assume no borrowings and all the £35m capex (is that a usual Kibo typo I see before me ? - or is it really £35m ? - the irr only works on £40m))to be provided by equity. Where is that coming from ? You've guessed it !
On the other hand borrowings repayments will, of course, take away from that 38% margin.( A 30% project loan will cost £1.6m pa repayments over first ten years)
Assuming generating 24x7 for 25yrs I make that £230/MWH - which seems credible. But will only operate 80% of time if that.
Probably running on fumes by now?
Dave_O sorry to burst your balloon but that article you are referencing is from 2019, and the coal is still in the ground.
White elephant.
KIBOOOM!
It’s still in the ground and there’s several reasons why they can’t sell it, if you did some research you would realise that. Start with “White elephant”.
You just don’t like my opinion, that much is clear, so you try and belittle bit. Sadly that wont affect the outcome here.
And I could say the same to you, but haven’t.
Ever heard of freedom of speech? Opinion?
Suck it up.
“Kibo next possibly for sure…….?”
Something is brewing indeed - perhaps a fund raiser?
“ I think i did say previously a fundraise in my opinion was distinct possibility before year end for Kibo, Kat and Mast..
Within podcast they mentioned the following we do not like the word dilution prefer financial raise fundraise or something like that and then at end added or placing..
I would like to add all placings are placings but some are also dilution as well ... Does not take a rocket scientist to realise all previous raisings of Kat, kibo and mast have been dilution to date the admin costs of Louis companies have been too high, followed pipe dreams, debt, no projcts have really come to fruition and created positive Roce and during this time multi millions of losses just scroll back through Kibo, Kat, Mast history of losses and write down of assets in some cases to zero, prices achieved for sales less than they paid invested etc etc....”
“ I think i did say previously a fundraise in my opinion was distinct possibility before year end for Kibo, Kat and Mast..
Within podcast they mentioned the following we do not like the word dilution prefer financial raise fundraise or something like that and then at end added or placing..
I would like to add all placings are placings but some are also dilution as well ... Does not take a rocket scientist to realise all previous raisings of Kat, kibo and mast have been dilution to date the admin costs of Louis companies have been too high, followed pipe dreams, debt, no projcts have really come to fruition and created positive Roce and during this time multi millions of losses just scroll back through Kibo, Kat, Mast history of losses and write down of assets in some cases to zero, prices achieved for sales less than they paid invested etc etc....”
I think you are the one that needs to do the math.
Because you very clearly don’t understand what you have bought into, and why the rest of the market, asides from a few swing traders and under water LTH, are still trading this.
4,395 and counting. Where your point?
Oh that’s right, you don’t have one.
Back to the cricket.
Where is Close Bros funding ? How are they going to compete when most other peakers'are having to make money (over and above their low value capacity auction payments) from trading in the markets, needing big expensive and experienced teams ? What are the borrowings with the Pyebridge and othe SPV's ? How much of a year's 'EBITDA' does their repayment take away ? Why did they not say anything about the need to fund each SPV and its kit in the listing 'prospectus' ?
They don’t have a coal power plant, that wheeze was shelved some time ago.
As for MAST, and as raked several times previously, the debt contained within these SPV’s needs to be paid off, from any potential income or revenues you would think, before any remaining, if any, is distributed.
Nothing from Close Bros nearly a year on from them doing due diligence.
That’s odd isn’t it?
Or is it just a case of gaslighting the market?
Aandi.
What coal assets? And the “concerns” with MAST and the seed debt within have been discussed here previously at length, I suggest you read back before making such presumptions, it’s not quite as you are making out - for some reason.
The same research that you have been following for 3000 odd posts, going on 7 years?
You just don’t know when to call it a day and admit you got it wrong, instead you attack anyone that points that out, or highlights the red flags, and carry on urging others to buy to prop the price up.
Do you even know why you are still invested or is it just a case of average down and hope for the best?
Rhetorical.
But 3,305 posts promoting it as a “strong buy” is completely acceptable I suppose?
Naturally.