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from Bloomberg...
Mkt Cap (GBP) 3.2M
Shrs Out/Float 1,294.5M/879.7M
Re today’s news... LC clearly cannot get funding, so he decided for some paper financial alchemy to IPO another of his brilliant projects and trap more retail punters in here.... he has been a disaster... all the African projects are still in papers and most likely will remain so..... never ending drama!!! This is hope investing
Oh another interesting holder/investor of this migthy energy company...
CREDO CAPITAL @ 4.2% holding.... and guess who works there with an interesting surname..
https://credogroup.com/Team/Team?TeamMember=ChristelleCoetzee
Now does anyone know who they are? ...
https://beta.companieshouse.gov.uk/company/08203248/officers
2 officers / 1 resignation
MALIK, Tanvier Mohsin
AKBAR, Tahir
ANd who is MALIK, Tanvier Mohsin = boss of failed broker Beaufort Securitites ...... https://www.thetimes.co.uk/article/tanvier-malik-boss-of-failed-broker-beaufort-hits-back-3ttcvdqzp
I am a holder also but its just constant hopes and dreams with this completely joke of investment!!!
Which means .45 is our floor for now IMHO ....
KIBO ENERGY PLC - Clarification Statement
Clarification Statement
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(“Kibo” or “the Company”)
Dated: 20 May 2020
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Clarification Statement
Kibo Energy PLC (‘Kibo’ or the ‘Company’), the multi-asset, Africa focused, energy company,
provides the following clarification statement regarding certain details announced in the RNS of 15
May 2020.
On careful assessment of all relevant facts concerning the vested interest of all key stakeholders, the
Company confirms that it will be guided by the following criteria when making formal share conversion
offers to individual members of the board and management of the Company in respect of fees and
salaries in arrears (the ‘Offer’), as described in paragraphs 6 and 7 of section 2.0 of the Circular (page
9), issued on 15 May 2020.
1. The conversion price per share will be the higher of the 10 day volume weighted average price
following the first ten days of trading after the date of the EGM to be held on 8 June 2020 and the
last placing price, being 0.45p (4.5p post consolidation) (“Issue Price”); and
2. Warrants will also be offered to convert at the Issue Price with a three-year term for exercise.
The board of the Company reserves its position to propose as an alternative to the Offer, a structured
cash or deferred loan settlement in respect of the fees and salaries in arrears, should it decide that this
alternative provides a better and more practical solution for the Company at the relevant time.
- G price currently above $ 1700 ..with BAML having a price for gold of $3k as they mention the FED cant just print gold
- Most junior miners have rallied allot
- Yes there are issues in SA with army in street... economy will be hit probably the hardest from other EMs .. but the more dire the economic situation the higher the gold price and assuming KAT has enough cash we should head above 10p easily!!!!
I am extremely bullish on the stock too... but the virus is a clear negative on our bullish story... we cannot quantify the -ve effect as nobody knows the potential risk from this virus to the world economy, specific sector, companies and individuals running those companies
The Chinese market has been shut due to holidays and extended weekly shut due to virus.....it reopens on Monday... and my guess would be the gov will keep on supporting it...as if they dont it will be a falling knife
Well I think it’s a clear negative for the stock and could see some pressure given uncertainty of our potential biggest market ... the longer the virus lasts the longer the delay in my view...Chinese have more important issues to worry about now… the positive is that BY-Health revenues should be boosted as Chinese will be more health conscious given virus outbreak.
In an interview with London South East's Donald Leggatt, Petro Matad CEO Mike Buck set out his ambitions for 2020. Having drilled exploration wells in the West in 2018 and discovered oil in the East of Mongolia close to already producing oil fields late in 2019, he and his team are now working on the commercialisation of the Heron field.
https://www.lse.co.uk/media/mongolian-oil-producer-petro-matad-seeks-exploitation-licence-to-commercialise-heron-field.html
I think below could be huge ...
DSM // Nutritional Solutions to Alleviate the Impact of Air Pollution......These micronutrients may help reduce health risks associated with pollutants.
https://www.youtube.com/watch?v=SaMb48E6d8M
-Bluecap looks likely in few months...once that happens order flow will be potentially in the millions making the company a cash cow... potential buyout case very strong at multiple levels from here
-DSM stronger push on our product after realising potential - Plant based food is all the hype now globally - From Plant to Plate Fortifying the future Grow your brand through the power of plant-based solutions from DSM ( fruitflow in there ) .. google ( 3 days ago - couldn't be easier with DSM's plant-based product range. Contact us today ... Fruitflow®. )
-Further positive news like the recent speedflow launch in SKorea are supportive for the marketing and future cash generation of the company
- Additional studies could provide further insights in benefits of fruitflow ( quicker recovery for athletes, air pollution could be huge market etc ) ... the fact that Byhealth paying for them ( and it looks like they are not cheap) shows how serious they are about the product and its potential
-Insiders still holding and increasing allocation on every round … surely they believe in the product and potential investment return
-costs have been brought down
https://www.proactiveinvestors.co.uk/companies/news/901124/kibo-energy-moving-its--proven-projects--into-the-commercial-space-901124.html
''The nice thing about Kibo is that we've done the heavy lifting ... all of our projects are past feasibilty, they are into the bankable feasibility space''.
''We are not trying to prove the merits of these projects, they have been proven beyond doubt, so our focus at the moment is to get these into the commercial space''.
CHINA SONANGOL INT S PL currently has total equity assets of $6.8M under management invested in 1 security .... OKP HOLDINGS LTD --
Total Equity Assets 6.8M Inst Type Unclassified Website www.chinasonangol.com
Holdings 1 Management Style Active Address 7 Temasek Blvd, No 42-01 Suntec Tower 1,
Funds Managed 0 Filer Type Annual Report Singapore, 038987, Singapore
Filing Date 03/07/2018
If they are trully backed by Chinese money... it should be peanuts to extent BZM loan and continue presense in Africa as they have in the past eg Angola!!
Do they even exist? No website , No contact details ,... all I see from bloomberg is HUDSON GLOBAL GROUP LIMITED is an Investment Advisor with total current equity assets of $3.3M under management invested in 1 security....which I assume is BZM .....