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So do we see a reversal in SP from these low low bargain never to be seen or at least never thought we would see prices or do we see even lower lows and getting lower, to be honest with no real news expected any time soon or imminently or to use one of the many LC favourite positive stringing you along sayings I just see a follow on from the past few months and a continue drop, but where will the rot stop, 2, 1.8, 1.5, hell I see no reason why it’s not possible we will even go lower, just hope I am very very wrong and just being overly negative, but from 7p I never thought we would be here, not in a million years, but if i am being honest and truthful with myself I see Monday coming and ending with the sp down again, what news is there that we could possibly get that will lift the sp, lower lows I feel. There are companies that I have in my watchlist that are actually producing a product and are making some sort of money but still need more money to be able to expand and are valued at 3/4/5 million, with a sp of 0.6p or 1p, I am starting to think that Kibo being valued at 16mill is very overpriced, yes we can all agree that they have a world class project or some projects on paper but that is it, just that, and I see more and more placings, I think even before year end, by the time we actually produce any power from any of the great potential projects we have I see at least 2/3 billion shares, just like any other company, if you have time then be prepared for it to to take time, I am just happy now that I only have my sipp in this, and if it does go tits up all I have lost is £100 a month pension that I was going to get in 25 years time which would of been worth half that in a quarter of a century, would just about buy 2 pints of larger and a packet of crisps in the future. So just out of curiosity and on the lookout for other potential investments, what’s in your watchlist or what are you guys and gals other investments, something to look into and pass the time.
Even if we are the only tender, I dont think the sp will move as people know we would have to follow a timeline which is as good as 4-6 months, and we all know what happens to any timeline dont we, why change something that works, it will just get extended and not met.
To see us nearly topping the losers board today sorry, fallers, see this at 2p by Xmas, even if we get the SML that won’t budge us and if and that’s one hell of a BIG IF sepco do buy in by end of November we won’t get much but will give away a shed load for it.
I like that sonic, if, big word that, if phase 1 tales 3 months, more like phase 1 will take 3 months maybe more, forget timelines, official or your own, I have moved my own timelines more times than I care to think about now and we are at an all time low, never seen it this low but then I suppose it’s where Kibo deserves to be valued, I see more placings and an even lower low.
This has got to be an absolute **** take, one minute we are in the cusp of it all coming together and now we have no clue, well it’s been fun guys but I think I will now be all out as I will have plenty of time to re invest, only will leave my sipp here, this will go and go and go, 2018 is dead, 2019 will come and go it will be 2023 if we are lucky before this gets built, if at all, **** the SML, it’s worthless, I can not believe how the goal posts have just continually been moved, talk about jump through hoops, no matter how you try and butter this up it is just very poor
My main point is basically, we are years away from any income, our main play the MCPP is 3 years after FC, and the other 2 Botswana and Mozambique are probably even longer off, so I don’t see the sp rising and holding, I don’t see it going back to 8,9,10p etc as there is no justification for that to happen, this is a company that has no income, but has lots of outgoings, obviously it does with salaries and bills to pay, so I see us rising and then falling back when we get the SML, rising and falling back when we get the PPA and then rising and falling back at FC, because even then we are a company that still has no income, there will be spikes and drops for the foreseeable in my humble opinion, please can someone change my way of thinking and tell me that they believe we will rise in sp and be a £150 million pound company in the near term and how can that be justified, tell me why, I am thinking now that maybe the sp as it is today is fair value for Kibo, and myself along with many many others got it wrong and like you say bcl it was my choice and my bad research and I live with it, it’s not all bad as I did dispose of some at a loss but have got lucky and recouped some of that loss. I still believe Kibo will become something hence why I have my sipp full, and a paltry 150k shares in isa but not in the near term, like I say I believe in about 5 years time at best, I would love for another spike like 2014 from here to 12p, thank you very much, and the wacky world of aim is possible, Kibo has great assets and great fundamentals and LC has done a great job, and I am not one for calling for him to be removed but fundamentals and assets don’t pay the bills. I would love for drax prediction of hitting 6p on SML would be great and for people buying in today that will be a nice tidy return.
You and a few others I do like to read the posts you write as it is just plain and simple and not ramping or deramping you few just post things exactly as they are at that moment in time in front of us, I work for a railway company who had the franchise since privatisation and then lost it last year and the new outfit have put on new vinyls and have done out about 3 trains, no new uniform or nothing which is a disgrace and an embarrassment, over a year later and we wear the same old uniform and drive the old trains with the old colours. How can you be taken seriously, sonic said the otherday that somewhere, I can’t remember but Kibo is stil known as mining and not energy, for a company that is currently doing nothing they should make sure it has fully transitioned to energy and has nothing to do with mining, a small issue but big enough, yes this is all about the MCPP, and we should of been supplying power or at least been built ready to supply power in 3 months time, now it is a good 5 years away and anybody who thinks things will change in the issue of a mining licence or even PPA is deluded, stop fooling yourself and if you are someone who is in no rush and has plenty of time then that’s fine, most of mine is in my sipp so yes I do have time, sold a lot and diversified into others in my isa as I am a long term holder but i do want some return in the near term, before I retire but Kibo is not it, fact.
I don’t think they really need to waste time or money to issue that do they, I think the one where it is confirmed what we get awarded will be the one, bit like me telling my missus I have done a lucky dip on the lottery babe, yes so what, just tell me if you win will be the reply.
I wonder what GE shareholders would think if 70% was wiped off their sp in a couple of months or any single other company for that matter, don’t think they would be hugging each other saying it will be ok, it will turn around our leader is the best that there is, no I think they would be in bits, so I think the holders here are quite civil really, just blowing off steam with good reason, let’s just say if you thought this was a long term investment when you invested however long ago, well it is now that’s for sure and I mean we are still 3 years away from power after FC, which might not happen for another year, so give yourselves at least 5 years from now I would say to make real money. Unless you now play the spikes and falls when and if they happen. Let’s hope we have another (2014 was it), 2p to 12p.
Where do we see the bottom of the everyday continual fall, for a bit of fun but who knows, your fun prediction could very well become a reality, so tired carefully. Still believe this will only go one way for the foreseeable so I will kick it off and say I think we might see a reversal around 2.3p. And before anybody gets on their high horses it’s only fun and I didn’t think we would of fallen over 70% so a few more % is very highly probable as is a massive reversal from here.
Magnet, that is worry although it is a massive thing to have it’s pretty much not worth anything right at the moment, unless of course we start to mine and sell coal but then Kibo is not a mining company so that’s my fear, jump up 20% and then fall and finish even lower than we started, as for my other it unlocks the potential now to start making some cash.