Member Info for Potter25

There will always be newbie's that the way it works! Wether they invest for 10% or 100% matters not if anything wishing them well and success, after all we are here for the same reasons!

Robinson I agree CLN should be signal to the market now out of the way. As ever patience is required so let see what developes. Gla

https://www.share-talk.com/stock-market-watch-tils-dev-kibo-toop-traf-thr-cpx/#gs.ggy34q

Kibo Mining (KIBO) received the backing of bargain hunters in the wake of the latest £1.45m placing at 0.20p. Fans of the stock were suggesting that now the company has been able to pay off its convertible note, there is the possibility that recent weakness in the shares may finally be over. Kibo closed flat at 0.25p.

Thanks for short explanation. Whatever is going on we the pi's will always be last to know... Anyway new day tomorrow let's see LC can deliver.. all the best.

Care to elaborate Mr Aerial? After all this is Aim.

https://m.miningweekly.com/article/kibo-settles-convertible-loan-note-raises-145-million-2020-09-17

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,” says CEO Louis Coetzee.

He adds that the outlook of having two signed PPAs bythe end of the year for an offtake in aggregate of about 350 MW will in its own right have a material impact.

Near term catalyst is Blyvoor JV financing, then we have these events are materially company changing. We live in hope so let's see.

· Finalise two power purchase agreements in Mozambique before the end of 2020 for an aggregate offtake of c. 350 MW; and

· Complete a successful IPO of its emergency power portfolio in the UK, with two emergency power sites in production by the end of 2020.

Try Advfn site

Pineapple yes awaiting for an update on the fund raise.With gold hopefully heading higher in years Tally should be rolled out now.. Also noticed the Twitter followers increasing these number should multiply with right marketing That is in the hands of CP time will tell if we shareholders have been led up the garden path or our patience paying off! Hoping and hoping.

Let's churn through this overhang..

Bcl you sound as though you have sold out! Come on LC's track record is not good we all know but with news on few front due anything could happen. Todays news was good and bad CLN gone happy days maybe placing well we all know these kind of companies need funds. I'm surprised your have sold out with all bitterness bit that is your prerogative..

As mentioned before overhang will need to be cleared. Now in and amongst that time we may well be updated with news. So not all doom and gloom as some are making out. RNS clearly states material news. "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".

Gillie sorry to hear your situation. I hope it works out for you. As I have mentioned here before I have been if far worse a situation and lost alot! and your not alone. Gla

Well bcl time will tell but we have material news to arrive before then. Disappointed but not the end of the world let's see how this progresses in the coming days.. Atb

Ivan you could be right lets clear this over hang not to forget we have news due anyday now on Kat blyvoor.

Kiwi plenty of news to come see let's see what happens, traders will want there 10% or so let them bigger gains as material news to arrive soon. Atb

Not sure about the boom but overhang will need to be cleared for this to start it's journey north. News due on kat JV financing and that overhang will be cleared imo... Patience and more patience.. gla

Proceeds from the above stated placing will therefore be utilized to bring the company to a point where it expects to:

· Finalise two power purchase agreements in Mozambique before the end of 2020 for an aggregate offtake of c. 350 MW; and

· Complete a successful IPO of its emergency power portfolio in the UK, with two emergency power sites in production by the end of 2020.

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.

We are also particularly pleased to have received support from our two biggest shareholders for the placing and restructuring of the Company's funding arrangements and both have once again reassured Kibo of their continued support and firm belief in Kibo and its strategy.

Not quite what we where expecting but the RNS seems to suggest more material news in due course. Placing hopefully will get churned. Patience it will have to be. Gla.

Assuming JV financing is completed would this not have a profound effect on SP of Kibo! One would have thought so.