Just a reminder and no ramp intended!24 Sep 2020 14:32
Louis Coetzee, Chief Executive Officer of Kibo Energy, commented, "We believe this latest investment is a strong endorsement of the Company's value proposition and strategy. The Company finds itself in a very exciting period, specifically in as far as the development of its projects in Mozambique and the UK are concerned, where we expect to reach very significant milestones soon. These are all events that hold the potential to materially transform Kibo, with the prospect of first revenue generation in the near term, as one of the most exciting of these prospects. The outlook of having two signed PPA's by end of 2020 for an off-take in aggregate of c. 350MW will in its own right have a material impact. The Company also notes the encouraging progress Katoro Gold PLC is making with its projects and we are very pleased with the significant value accretion the Company's c.30% holding in Katoro has seen over recent months.
Make what you will of it but news rich period ahead.. patience will be required..