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Good find mikemike. Surely to goodness there is now enough evidence in Africa to convince people in positions of authority, with even half a functioning brain cell, that a country's business infrastructure is wholly dependent upon having an efficient power system. It would appear to me that Africa has not been told we now live in a world based on technology and technology needs power. Equally, the Chinese must now be aware that if they are going to invest in projects in Africa, it is no good just putting up the finances and leaving them to deliver the goods. For a number of reasons, not all of them above board, it will not happen. Hopefully lessons will have been learned by all parties by now and a realisation that investors need to have competent partners not only involved at the initial concept but all the way through to completion and beyond. It is for this reason I still have confidence in Kibo as a business model. I believe having GE on board, even more than Sepco, would ensure that any project we are asked to deliver would be of the highest standard, not only at the build stage but beyond. I would have thought if I am aware of these problems sitting in my home in the UK there must be at least one person in Authority in Tz that is equally aware. They just need to give the green light and away we go.
Well whoever is in charge of Tanesco in the coming years had better work out a strategy on how they will leave the country once Magafuli finds out there is no electricity to power the SGR or little else for that matter.. Although knowing how Tanesco has been managed thus far, they will probably plan to leave by train. Must be some positive news on the way soon.
http://c.newsnow.co.uk/A/960478810?-31747:20621
If the new way forward is going to be via competitive tendering, how on earth are the Government going to advertise, accept and close a tender for this contract to actually commence in the next 8 weeks? Or, are only selective tenders going to be advertised. I thought the new tendering process was being introduced to prevent challenges to the award of contracts. Who knows?
Irrespective, the quicker they build the SGR the quicker they are going to need the electricity.
Pauly101 and Dsrt. Firstly, I think we are talking about 2 seperate things in SP PRICE and SP MANIPULATION.
I believe what is being said in relation to a bb being able to affect the SP is true. I think we can all agree that sentiment is a massive factor which affects every investor. You only need to look at the change in mood and tone of numerous posters over the past 3/4 weeks to see this is true. This negative sentiment does undoubtedly cause people to panic when they think everything is going wrong and their hopes and dreams are about to go down the pan..This in turn can spark a significant panic sell off ( as seen over the past 4 weeks ) which forces down the SP.
Only 4 weeks ago we had come to a point where all genuine private investors believed the SP was going to take off on the back of a SML and a PPA being sorted. . We have NOT been told that the the PPA or the SML is not going to be forthcoming. Indeed we have had the additional good news that our tender submission has been accepted. So why on the back of no bad news and the additional good news are we down significantly? It is because of negative sentiment brought about by people reading continual negative comments. Reading about continual delays and changes in policy, and being influenced by people like Lurker and that immature bell end S####Y continually talking down the company and providing mis-information to meet their own agendas.
Where do the majority of people keep track of all this information? Yes it is this bulletin board so I find it difficult to understand how you believe the board cannot affect the SP movement.
I can agree however, there is less chance of share MANIPULATION being influenced by comments on the board.
I find it quite strange that when you read any article which is not specific ( i.e not wholly based on specfic facts and detail ) you always appear to concentrate on the negative aspects upon which to form a personal opinion. You then attempt to align that personal interpretation towards Kibo. Also, you have been challenged on several occasions by various members of this board to provide direct references to back up your opinions however, most times that evidence is not forthcoming. You either have a personal vendetta against Kibo or are just a very negative individual or are not even aware you are doing it.Irrespective of which of the above,( if not all) is true, you must live in a very sad world
I would be very interested to hear your points of view on the positive aspects of Kibo as an investment opportunity. If you do not hold any such views, then what the hell are you doing virtually living on this board day and night.
Can you give me the reference or copy the link to the " Press Report June 2018" please .I have read the latest reports on the project but cannot find the quotes you are referencing. In addition, I was of the opinion the World Bank were only funding the power grids in Tz but currently had no links into CtP projects in the country. The fact that GE can now deliver clean energy may well be viewed entirely differently to the Kosovan project which I believe was originally negotiated in 2014..
http://www.theeastafrican.co.ke/business/Kenya-Power-now-issues-profit-warning-amid-graft-woes/2560-4825142-asi8fw/index.html
Looks lke Kenya Power is in the same position as Tanesco. If you look at all of the current projects in Tanzania that are linked to providing energy, most of them have a history of problems. Tanzania, and indeed much of Africa, are crying out for a fresh approach using reputable companies with good quality equipment. Kibo Energy/GE/Sepco would fit the bill.
Jet lag kicking in so posting at silly o clock. A number of us on the board still believe this will deliver in a timescale unknown. It’s a matter of putting the tickets to one side and waiting it out and that is fine if you don’t need the money more urgently. If the BOD are also of this opinion they possibly think when it does turn around all will be forgiven, and they are probably correct. But in the meantime, a lot of shareholders who have been loyal to the company for a number of years will have sold out at a loss. I just think a bit more could have been done to settle the nerves and what has been done could have been done to a much better standard. If I am being brutally honest, I do not hold LC responsible. He has taken the company to the very edge of success ( even the tipping point ) but has been thwarted by several issues outside of his control. We are however paying good money to so called experts to deal with the promotional aspects of the company and In my opinion they are useless. Rant over so back to sleep till Monday morning ready for another week of intrigue. Good luck to all holders, old and new.
Hi Gillie. It was not pleasant sitting watch the value of my/our investment plummet for no other reason than a bit of panic setting in. I can fully understand how the SP dropping so quickly combined with the lack of any effort on behalf of the BOD ( including LC ) acted like an avalanche and the negative sentiment just steam rollered. Added to this were the childish comments of a few knobheads ( mainly Swifty ). You could actually see the frustrations of many valued members of this board who went on the attack in an attempt to justify their decision to invest and also protect the company. This should have been done by the board who obviously do not possess a strand of strategic thinking between them. For being directors of a potentially major energy company they are seriously lacking in nous, or as we in the north east would say NOWSS. The board appear to have no understanding whatsoever of how lack of truthful communication is the catalyst for numerous rumours. You only need a couple of Richard Craniums ( and we we have a number of them and know who they are ) making false comments then a bit of panic sets in and everything suddenly seems negative. This in turn affects the SP.and we have what we have at this moment in time. I am at a complete loss as to why so many members enter into dialogue with these idiots and feed their egos.Half an ounce of business acumen from the board could have prevented most of this but it is obvious they look no further than their noses and have never discussed alternative strategies. As I said in my earlier post, if the tender process is a valid exercise,we are probably closer to completion than we have ever been. It will not take too much good news to turn this around but for heavens sake LC be a bit more pragmatic rather than just sitting back and just waiting for it to happen. That is not good management and is certainly not an acceptable stance of any CEO. A good factual update of how our other projects are progressing would be a help for a starter and a bit more factual information as to what he has been told so far regarding the tender process would help. Surely not every piece of information is market sensitve. We are currently feeding on scraps. It is a fact that rumours can do do a lot more damage than the truth, good or bad. Meanwhile, I am still upbeat as there are so many factors that supports our business case. We shall soon know.
Just back from a months break in Florida a significantly poorer man than when I left. Still have not sold a single share although, like everyone, I would like to have sold out at a higher price and bought back in at these levels. In saying that, the fundamentals of the company are certainly better on paper than when I first invested 4 years ago.
The recent excitement over the past several months has been everyone looking forward to the PPA being signed for a 300Mw MCPP. We actually appear to be closer to doing that now as a result of the tender process than ever before .However, true to form, negative sentiment is driving the SP lower. No other real reason for the constant daily drop.
It is not as if we have been told the project is not going ahead. The whole world of finance is experiencing a massive negative impact with so much uncertainty around and that is undoubtedly adding to the negative feel on this board.
I truly cannot see anything other than a positive outcome of the recent tender process, it is just the timescales that are the great unknown. This might be a foolish statement in some peoples eyes but I believe the fundamentals have not really changed. Indeed, since i first invested, the fundamentals are even better. We have been massively impacted by having to deal with Tanesco at a time when they are restructuring from being in a total mess.
The ZTK grid is actually being constructed, the sub stations are under construction and the SGR infrastructure is also well under way. Everything still points to Kibo being the best placed project to deliver the electricity in the shortest timescale.. It was that way when I first invested and as I see it, is still the same today. It has taken an absolutely extraordinary set of circumstances ( outside the control of LC and the BOD ) to cause thse delays. It would appear to me there can be little else now to prevent the announcement of the succesful tenderers. I only hope and pray it is Kibo. Until we are told differently, the only real negative issue, albeit a very powerful one, is sentiment.
As Gillie keeps telling us, P,P & most importantly, P.
Wimbo. Sorry about the delay as I am in Florida at the moment and thanks for your patience. Had an issue with google so had to reset my account which is now paul shrubb@ShrubbPaul
The above upper case and lower case letters and the spacing are exactly that taken from my account.
Look forward to the invite.
If I was an outside industrial investor I would want to see a very CONCLUSIVE set of LONG TERM tests that supported the feasibility of such a venture before committing a single dollar. Particularly now the Tz government has withdrawn outside arbitration and also due to the fact of a previous failed company has been on site.
The key element regarding this very specialised system is the feasibility study. I can well accept that drilling into the earths core to extract heat and steam ifrom a situation where the sub surface supports such activity, could be advantageous once the very high development costs have been met. What I would like to know is where does Tanesco get the figure of $820 million from if the feasibility study is still in progress.
At the beginning of the 21st century there was less than 18000Mw generated worldwide from geothermal sources and these were in areas known for their sub surface activity such as geysers volcanic regions etc. I am not aware of any special geothermal properties in the Mbeya region but like everyone else I stand to be corrected.