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The win of a contract for £260k whose value is 8.5% of the MCap of the company. Definitely scope for an increase in MCap / share price I think!

One would have thought with the energy-saving nature of their products and the new renewable / energy generation projects, in the current climate, the SP should be soaring here....
One has to agree, there seems to be a lack of PR here...

That's a spectacular result. Probably worth the wait for the news! And the 11.95 carat diamond went for just over US$200k in the end. Surely, the SP should move to reflect this, despite some of the outstanding debt - to which I hope the BoD will put some of the proceeds from this sale to pay down.

Well? Did they sell the 11.95 carat diamond or didn't they?

https://www.youtube.com/watch?v=NAEppFUWLfc

Whilst there is quite a bit of debt to pay off, the predicted revenue range is US$ 16 - 17.2 million whilst the current market cap is around £4.5 million. Let's hope the SP rises significantly on value realisation?

Kibo raised £860 k in November, allegedly "primarily to further develop the Company's energy portfolio most notably the Company's waste to energy projects and for working capital requirements". Since they, they've announced that the Directors's fees will be paid with convertible loan notes. Where is all this money actually going because there's been no announcement regarding the funding of the waste to electricity projects in the UK or South Africa? Neither has there been any news on the situation regarding the three coal projects in Tanzania, Mozambique and Botswana. So just how much 'working capital' do they need to make apparently zero progress?!

It's about time they actually started adding some real tangible value to this company.
It's also about time they gave us long-suffering and very deeply out-of-pocket shareholders an update.
I think the BoD forgets who's company it is!

Patientzer0, to get an idea of the Assets (Intangible or otherwise) and to see mention of the African coal to power projects (Tanzania, Botswana and Mozambique) you need to go onto the Kibo website (www.kibo.energy) and start looking at the RNSs made from around 2014 to 2020. In particular, mention of Rukwa which became the Mbeya project in Tanzania is mentioned from around 2014. The Botswana coal to power (and other products) was first mentioned on 30/11/2017 and Mozambique on the 06/06/2018.
For a value given to these projects (and including a Lake Victoria gold project), you can review the unaudited accounts for 30th June 2018. I guessed at around £28 million but I think the coal projects were assigned around £26 million.
The information is all there and you can track the 'progress' (or subsequent lack there of) through.
As I said earlier, the coal projects have lost favour because Kibo has changed its strategy and has started to look at 'sustainable' methods of electricity generation but in reality, all of the new processes and projects they are currently investigating require combustion. We've had no update on any possible progress on the potential for disposal of the coal assets for months. Personally, I do wonder whether it's worth Kibo exploring other methods of exploiting them (e.g. the feasibility of conversion of coal to hydrogen).

The African projects were capitalised into the accounts somewhere around 2018 or 2019. From memory their value was considered to be around £28 million. How they came up with that figure is down to the board. However, we shouldn't forget that although not considered to be flavour of the month, year or decade now, Kibo should still hold 'assets' in the coal resources it has access to. How much value can be placed on those right now in the current 'climate' is debatable. However, I was reading some interesting articles on the development of coal to hydrogen projects in Australia coupled with CCS and although this still requires combustion, and doesn't produce 'green' hydrogen, there is still a potential use for the coal aside from direct power generation.
Again, there's been no real update on these projects for a while now and I think shareholders are probably owed an update what with all the other projects that seem to be up-in-the-air.

Elric, thanks for organising and carrying out the podcast with Stuart Ashman. You certainly found a very angry and frustrated CEO there, following the recent crash in the share price. Listening to Stuart, it was certainly reassuring and it's clear that whatever the reason for the drop in price (Retail investors selling or others) there is plenty more good news to come over the medium to longer term and the company is in very good hands.
Your posting of the link and the time taken to carry out the interview is very much appreciated.

(Technical) results only need to be reported if they are likely to have a material effect on the share price. If they haven't drilled any significant mineralised intersections, they won't need (or want) to report. However, negative drilling results are always useful in that they often tell you where not to drill again! Besides, the geological and structural information will always add to the deposit model and guide further drill holes.

One has to wonder whether the working capital situation was in a bad way before the 5 day shutdown. The upgrade project and in fact the whole way things are being managed seems to have become one big cash soak. One can only hope for several 'large' stones to be recovered before the end of the year. Afterall, that's what it's all about.

Again, I have to agree with both of you mil09 and nathanR999 and your fears echo mine, particularly of the prospect of the company being taken private.

You do have a point. However, it's claimed there was no indication that the DMRE had previously given any indication of potential H & S breeches.
I'm a little bit surprised though that given the mine is the sole means of income for the company, there hasn't been a suspension of trading...

Let's hope the stoppage is down to something as 'relatively simple' as not having up-to-date mine plans and schedules or other layouts which are a legal requirement to be held on site and not anything more serious and potentially life-threatening to employees (which might take longer to resolve). It does seem a little strange that a notice should be served now at the completion and commissioning of the new plant and there has been no previous indication of potential breeches of the MHSA.

SeisNav - am lovin' the interactive overlays! Thanks for pointing me in the direction of a new (free) presentation tool!

'Usually' with Kibo, there's a replacement RNS following the principal RNS to correct the ubiquitous spelling mistakes. To have an RNS basically saying 'ignore the previous RNS' is really stepping up a level! Still being positive though for the RNS that one day will take us to above 1p!

Travelcard, I don't disagree with those points at all - many of which I have been concerned about myself. But as I say, I've been trying to support the geological / technical reasons for remaining here. Besides, I'm still locked in by large 'losses' as a hangover from Ortac.
I think the relative scarcity in the technical news doesn't help either. Perhaps if they were banging RC holes into the centres of the anomalies (guided by mag. EM etc. data) to speed up the results (and decision) process and couple it with their diamond drilling, then things might move a bit quicker...

Peggy, I've been trying to provide geological / technical reasons as to why the SP shouldn't be dropping! Despite my best efforts, as you rightly point out, it continues to fall. If I had any better ideas as to why that is, given the technical arguments I and others have presented, I'd probably be discussing them.
Why do you think the SP has been dropping?