Member Info for SirGBoycott

JDT I think you have to consider the state of the market at the time and the financial position KIBO was in. Given all the hassle some major companies were facing in Tanzania at the time it was hardly an attractive option. How good is imweru? Even now after a big gold run whats the latest position. If I recall MetalNRG pulled out of an acquisition of lake Victoria Gold.

What may help at MAST is an RNS confirming that the first site is actually up and running / generating revenue "MED expects to have circa 9 MW in production capacity imminently ". I expect that the listing had to occur first before whatever contract is in place becomes effective

Well it does and it doesnt.

If they don't need cash and expect the SP to be higher in say a few months and can then go to market for cash then great.
If they do need cash and the share price isn't going to improve its going to be very hard to get a placing away at 0.4p or better.

The assumption is that it is people that have exercised warrants or are about to that are selling / forward selling and not some other large holder. You would need to go back and see how many have been exercised recently

On a quick count around four RNS for ~100m shares at 0.4p and 10m at 0.2p have been exercised so have these all been flipped in the last 3 months or so. Raised ~£400k.

They can but they loose money

I think it largely depends on who owns those warrants. If I recall a few were exercised a while back below the share price which would indicate they didn't want to loose them and were prepared to wait.

Something just does not add up!!??

Correct and why a number of people quite rightly could see the share price moving to reflect that, esp if MAST has a good start .... and I'm sure they are sleeping just as fine at night as those that predicted 0.2 / going bust in previous weeks.

The question is why isn't the value been recognised or realised and is there a plausible explanation (good or bad) or something more sinister.

Warrant holders will flip them for whatever they can get. Sweeping statement but cash is king and depedns on who holds them. I don't expect may of the current warrant holders are interesting in converting and holding their cash in KIBO shares for the longer term irrespective of the prospects for the share price. That's not how they operate or make money.

We all know LC / KIBO doesnt have a great track record for delivery but the Chairman does and most saavy people buy on fundamentals not whose running it.

I think we are now looking at an interesting two week period where a lot depends on what comes out of MAST

Have a lovely day one and all. Back to work for some of us. A call on diversity and inclusion - how apt.

the thinking behind Katoro and spinning out the assets made a lot of sense at the time. The amount secured for each asset and what's happened since you can question.

KIBO was struggling and very mush viewed as a junior explorer in the mining sector. Divesting Imweru, Haneti and focusing on Energy Projects (primarily CtP) made sense .. ie trying to position itself in the energy sector and not the mining sector made sense. Spinning off MAST again makes sense in that its clean energy vs 'dirty' coal ... you would attract more new investment in something thats not also associated with coal

Blyvoor has to work. Simply on the premise that it started off as a three month project to get funding . Whilst covid has led to the majority of the delay the RNS released by the company have indicated its bigger in scale and opportunity (14 interested parties / need for further drilling & site visits etc / optimisation plans / gold prices) than originally envisaged (either through inexperience or good fortune). So to come back with nothing would be a disaster and possible misleading

4th March 2021 last update on Blyvoor. Nearly 6 weeks on and nothing. The initial timeframes for all of this was a few months. There has been significant interest from funding partners , covid, additional drilling / results etc etc .... if it is genuinely taking additional time then it better be worth it.

Whatever happened to "The Blyvoor Joint Venture, currently unincorporated, must be converted into an incorporated venture" 30/11

Thanks for your thoughts JD. I think its reasonable to expect all of those 442m at 0.4p to be exercised, what we don't know is if they will be sold when they are exercised. We don't know for sure that any that have been exercised for far have been flipped but its a fair assumption.

Oh and just a thought - just as people are rightly / wrongly accused of ramping a stock to support the warrant flippers or flip their own warrants surely there is an opposite beyond posting altruistically to warn others of their evil deeds. If I was looking to buy big in KIBO I'd want a good price ... have we seen any big buys recently ... let me sow another seed in your mind. Is that possible? Or just another BB myth that's perpetuated over the years as people argue black and blue over whats right / wrong, going up / down etc

I understand holders that have genuine concerns about the performance of their chosen stock. I don't understand those that are 100% away from the exit price and seem content to knock the very people that could get them there. Call me cynical but if anyone wants to buy in on the basis that an anonymous poster told them it was going to 2p Id let them get on with it. Anyway not rich yet so better get back to real job.

Good point 308.

There is no arguing that there is a clear disconnect between the value of MAST and KIBO. If as it looks likely MAST retains its listing value then that should be recognised in KIBO. over time. Are warrants being churned?

Some have recently been exercised in small amounts over the past few months bringing in some likely much needed cash. Exercised at 0.4 and sold at 0.5 isn't much of a return if you subscribe to the theory above so if they are being churned then its either because they need the cash, they are due to expire soon (end of May I think) or they dont see any immediate prospect of the share price rising (take your pick).

Rather than looking at the total warrants outstanding and getting all concerned perhaps it would be better to look at what warrants are outstanding, when they expire and at what price they are exerciseable. Are they all due before end of May at 0.4p?

Disappointing start and your perspective depends on what you hold, what you bought at, how long you have been here and what your goal is.

Anyone who holds KIBO shares should be rightly excited about tomorrows IPO launch and potential impact it can have on KIBO share price based on the simple MCap maths, 25% free float, oversubscribed raise and the attractiveness of the clean energy sector. Yes they may rightly have some frustration as to why its not been recognised yet, whether MAST will be successful and the impact of warrants. Those buying at 0.4 / 0.5 seem to be doing so a little risk IMO. For many LTH this is the most promising things have been for a long time and a route back to being in the black.

Anyone looking to buy can make their own mind up and weigh up the above against a CEO that has failed to deliver anything of material value to date (whether that down to circumstance / incompetence / lifestyle is a point of discussion). They can look at the volume of warrants to churn and weigh that against the cash they bring in.

Add into the fact that KAT has two potential game changing projects on the go (and again on the go for a long time – although without Covid I am convinced we would have Blyvoor financed and the Haneti drill results) and KIBO has a ~25% stake in KAT then there is more than one thing to look forward to.

Then we get to the three CtP projects. It only needs one of these to secure a PPA. Top of the list has to be Benga with the recent update. Go back and look at the details in the RNS of 18th May and 17th Dec. Tanzania is looking more favourable longer term. Botswana has gone quiet.

Anyone who repeatedly asks the same question. Re quotes anyone that provides a response. Doesn’t really answer any questions asked of them. Can’t get excited about the possible upside despite holding. Seems to think anyone with a positive outlook is ramping. Doesn’t understand why those that have a stake in MAST aren’t buying KIBO. Accusing people of not wanting to engage in debate when they have already replied. Is a ……. You can make your own minds up.

If you continue to throw bread crumbs to the pigeons they keep coming back.

Thanks JD. A perfectly reasonable argument.

JD do you see any link between KIBO and NCCL (who incidently still don't have their PPA). Interested to know what others link about when ones agreed the other will follow. Good to see its very much alive ....

Use the filter button. Its one of LSE features that actually works. All you are doing is giving them oxygen and a reason to reply by quoting back what you say and then expanding on it.

They either buy kibo or the ask moves up to a level that 25% is prepared to sell at

KIBO and St Andertons cant sell so that leaves 25% that can that bought at 12.5p. So unless they are a complete banana or owe the taxman imminently no-one will sell until the share price rises so it have to go up at least 10-20% before anyone is remotely interested. As its not an AIM placing and wasn't widely offered to punters one can only see it going one way . I'd be happy to see it close at 15p on day 1 and the value be reflected in KIBO but think it will go higher

FSTM

"It’s very difficult to have any form of discussion on this discussion board with all the hostility and abuse directed at poster discussion asking pertinent questions."

Do you have kids? Do they say are we nearly there yet every 5 minutes and really **** you off. That's why your getting the response your getting. You ask 'pertinent questions' get perfectly reasonable replies form a number of people then keep asking the same questions and raising the same niggling doubts that make any sane person wonder why the hell this person is holding or whether they have an agenda or whether they have had a bad experience investing in kibo in the past. The MO is very similar to a poster on advfn that was banned on LSE.

As for KIBO most LTHs that have stuck with KIBO will be in profit if this gets above 1p which with a fair wind MAST may do that (we'll all have to wait and see what happens) add in Blyvoor / Haneti at KAT and the African projects are irrelevant if you are buying at this level. Personally, I think if we can one of the three CtP projects moving forward we'll be doing well and will further enhance the share price here to a level I'll make a tidy return for several years of pain, but it will be worth it.

I've had enough been polite so I'll filter you to avoid any unpleasantness