Member Info for SirGBoycott

Agree cliveas but this was all going to be done and dusted in 3 months from the first announcement way back when. Why are we still working with multiple funders?

30th Sept - "This strategy allowed the Company to identify and engage with a select number of preferred funding providers with whom it is currently developing a final funding arrangement for the Project. "

A select number isn't several

There is real value here but by the time its realised the share price will be on its knees and any rise will be back to where we started.

If it wasn't for kibo holding 100m block vote here he'd be voted out at the next AGM.

Wouldn’t go amiss

Some detail

Exactly CF. I know I voted and how many and we cant be the only 2. Wouldn't have mattered though if you have 96m that you vote for yourself with (if of course you can do that and it happened that way). Next largest shareholding Sandersons 20m then Power Metal with 10m so assuming they voted yes another 70m form general PI's if KIBO shares werent voted.

Exactly CF. I know I voted and how many and we cant be the only 2. Wouldn't have mattered though if you have 96m that you vote for yourself with (if of course you can do that and it happened that way). Next largest shareholding Sandersons 20m then Power Metal with 10m so assuming they voted yes another 70m form general PI's if KIBO shares werent voted.

So 100m voted and 2.4m only against LC re-election? Online voting never seems to pick up all those that say they vote
How many shares do KIBO own in KAT - 96m
Can the CEO of one company vote that companies shares in favour of a resolution that he has a personal interest in?

Strange they have released this now

Nothing wrong. Complete madness.

One of his better interviews IMO the problem is we have heard it all before.

There is no doubt there is an urgent need for power across Africa. The sort of numbers required cannot be provided by renewables alone and to generate that amount they need coal. No one bar the Chinese and Russians are publically prepared to invest in fossil fuels and African Govts continue to procrastinate or pursue impossible projects (hydro) although the recent govt change in Tz may change this. There is little doubt the MCPP project is a good answer to Tz problems and is ready to go and has a lot going for it (connection to grid / permits / infrastructure / coal etc) if the Govt backed it. This new venture, like MAST, has much more going for it in terms of investor sentiment / ability to attract finance / time to revenue etc. The problem is the legacy of the last 10 years. Yet get that first SPA for MAST and financing for Blyvoor and things could still turn around.

All the best BCL42 ... life's one long lesson

very balance post justone and reflects a lot of peoples views

I'm not interested in what's happened in the past but more interested in how KIBO realises the sum of its parts. The recent G7 announcement on coal makes this timely imo. Coal is by no means dead but its not at all popular. Disposal / sale may be a quicker way to return some value to shareholders.

- Tanzania has had a change of direction and we have a ready to go power plant with the fuel in the ground with mining permits. A sale to a large Chinese company with clout with the Tanz Govt would make sense.
- Botswana we have an 85% interest in the project and 35% interest in a 761 Mt coal resource with partnerships with Schumba and SEPCO, probably the least advanced and attractive of the three
- Benga is an interesting one with more commitments for offtake and the steel plant. No direct coal interest. Perhaps one that might be considered for alternative fuel. There is also the possibility of coal to liquid technology.
- I have some confidence that MAST will realise its 6 / 12 month targets despite the recent delays on the SPA, bordersley on the other hand is at last moving forward
- I cannot see how they can fail to secure a finance deal for KAT for Blyvoor and fund a second more comprehensive drill at Haneti
- Use proceeds from above to fund waste to energy which is has a much greater shareholder interest

The elephant in the room is LC and his ability to deliver and more importantly his ability to convince others he can deliver.

There are many more options to raise cash for production than issuing more shares

amin

I see this a good progress for MAST. I don't hold MAST but do hold KIBO. I do think they will have this one up and running within the 6 months from IPO but agree with TopShot the SPA is more important and frustratingly not signed off yet despite the companies stated timelines which appear to have been over optimistic. This is something as a KIBO holder I'm all too familiar with. So i'm pleased to see the update but like Topshot frustrated its not the SPA.

Nice to see though that the CEO was allowed to comment on the RNS and not the Chairman

which will enter production immediately once the IPO is completed.

Just frustrated with the Boards ability to communicate realistic timelines

and that's good news ..... ahead of the MAST schedule .... there were a few other iterations before that within KIBO. Be nice to have that SPA too.

Helium One do

22 days working days ago the SPA was due within 10 days. 2 weeks ago it was imminent. One would assume there was a rationale for being so confident it would be completed within those timeframes.

Last annual results and notes from May 2021

"The Directors have reviewed budgets, projected cash flows and other relevant information, and on the basis of this review and the below, they are confident that the Company and the Group will have adequate financial resources to continue in operational existence for the foreseeable future.

The Group has sufficient funds for its present working capital requirements for the foreseeable future due to the successful capital raising completed post year end, as further expended on in note 7. The Directors though continue to review the Group's options to secure additional funding for its general working capital requirements, alongside its ongoing review of potential acquisition targets and corporate development needs."

Hopefully forseeable future is as long as his imminent updates. Don't see the need for a placing at present for working capital but possibly to raise funds for Haneti drill (assuming other options aren't looked at). IMO you would hope /e xpect no placing until after Blyvoor funding concluded

still 19 days and counting.

So if it was within 10 days on May 6th and then 26th May imminent you would have to think that would be less than 10 days ... so we are 5 working days from the 26th May

Why not say what it is that they are waiting for .....

imminent, yet 19 working days ago he was confident or foolish enough to say within 10 working days. Great opportunity again in danger of being wasted.

17 working days and counting