Member Info for short6

Is this old news or not. We need a quick rns from Kibo now to explain what's going on.

And as if by magic, we get an rns and go red.

Is a letter of comfort the same as an agreement?

Without a PPA, large investors won't know what sort of return they could expect.
Everything hinges on the PPA.

Why didn't you think this would happen by end of Q2 Pauly?
That's 3 months late and with 40+ people working on it.
Surely it can't be that hard to come to an agreement.

Are you the same Olderandwiser that halved his investment here a few weeks ago because it was taking too long.

People are begining to doubt, the PPA will be here by end of Q2
4 Days to go.

If you read the original artical tele, it clearly stated we had the PPA. Then it was removed.
Bad journalism on behalf of Proactive Investors.
But yes I'm sure we'll get it eventually.

If we have a PPA, Coetzee needs to rns it now. He can't keep that a secret. Or he needs to deny it pronto.

That’s because, where a power purchase agreement is already in place with a potential buyer, as it is both in the case of Mbeya and in the case of Benga, the risk profile of the project is much lower.
So do we have a PPA or not?

Hi Gillie2. Don't bother with advfn, at least not on the KIBO threads anyway. LC needs to answer questions and not shy away from them. Good luck trying again though.

Gillie2, thanks for your reply. I thought i was the only one to question the potential revenues from the PFS. The most important aspect of any project. I presumed the PPA would agree a fixed price for the 25 years, forgetting any price inflation increase. I have also emailed LC probably 20 times over the last 5 years and have never received a reply, contrast that to Neil Ritson of LGO who answered every email I sent him, sometimes within an hour of me asking a question. Some companies need a lesson in investor relations.

mikemike, as I posted a few weeks ago over on ADVFN, Kibo state revenues of between $7.5 - 8.5 Billion over an initial 25 year mine life for a 300MW plant. If my maths are correct that works out at approx 16.9 us cents per KW/h. No way will we achieve that price with Tanesco, so discussions on a 600MW of even the full 1000MW could be the reason for the delay. Please correct my maths if i've made a mistake. But if you read the last rns 14/06/2018 they still state This MOU is the precursor to the finalisation of the Power Purchase Agreement ("PPA") for the 300MW mine - mouth power station to be constructed in south-western Tanzania. So maybe it is still only 300MW and i have no idea why the delay.

Drax, some people will never see both sides of an argument. Any negativity will be stamped on. You know that.

What have you got? I've got a T140 Bonny that i used to road race. Now putting it back on the road.

Do you own a cafe racer Davey?