Member Info for SirGBoycott

any thoughts on how long

'Whilst there can be no certainty over the terms of the Settlement Agreement at this stage, these negotiations are at an advanced stage and upon completion of such an agreement, and, whilst the audit is ongoing, the Company expects to be able to sign off its audited accounts on an unqualified basis'

The inference is there will be a settlement

No record of it ever been said. Supposed to have been Brian Johnson during commentary. Lets not forget you can be 9 wickets down and still need 73 runs to win and pull off a remarkable comeback - ask any Australian.

Gillie

This looks to be the current batting order

- KAT Blyvoor Finance - by end of this month or shortly thereafter IMO
- MED / MAST IPO - by 30th Nov according to Heads of Terms. Acquisition provides opportunity to potentially bring Bordesley into production well ahead of current target date for 1st production, which is currently set for Q4 2020. Bordesley dependant on IPO happening
- PPA's for Moz yes looks like end of of 2020 for both - inference is BoaBab one first

Wheres this mention of KIBO in the Sunday Times. Do you have a link?

I suspect it what everyone's doing at present ..... delaying as far as they can if it saves cash or they don't need to bring staff off furlough. Noting to be gained from publishing until they have to.

Interested to hear thoughts on whats changed from 25th June. Terminating a CLN has to be good news but needing one in the first place and then paying it off so soon is interesting esp as the two largest shareholders were part of that CLN . Can we conclude that they increasingly confident? As a non-toxic but increasingly frustrated LTH that has managed to average down to a point (reduced avg = increased exposure) you will forgive the skepticism. Everything depends on delivering on Blyvoor, Moz PPAs and the IPO in next three months and we have seen these sorts of 'on the cusp' messages before.

25th June
Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide a corporate and operational update and to announce that it has signed a binding term sheet with an investment consortium consisting of several high net worth entities and individuals, including two of the Company's largest shareholders, for up to £1,000,000.

Been here a while now and accumulated a reasonable holding. A little patience required. If these people were that good at running the size of company this could be they wouldn't be running it now as a start up - different skillset and experience. A 20% fluctuation in share price is neither here nor there unless your trading.

eitherway we should find out by end of the month where KATS upto ... that's the catalyst. MED / MAST IPO and the odd PPA this year and its all ahead full

perhaps we'll all meet up in the nuthouse or poorhouse

I have a lot riding on this (primarily in KIBO) so really hope he pulls it off and turns older shareholder sentiment round.

For balance +ve vibes I could pull out several other interviews LC has given reassuring shareholders everythings on track. He can hardly say otherwise until confirmed somethings not feasible and there are some good reasons for delays on other projects. Its not that he's lying its just form for non-delivery.

The big one for me is the drill, I'm sure thats why hes confident things are progressing

asaiaka is not a deramper just speaking form painful experience.

For what its worth I don't see another delay (or at least a material one). The fact they have been able to get the drilling done (which I suspect was in one of the reasons for delays / shifting timelines) appears to me to have made the last deadline viable.

Its importance to have balance. Would be nice to have some Haneti timescales to work to. The fact they haven't come out with any only leads to speculation that the two opportunities are tied in some way - perhaps they are?

Anyone throwing out unsubstantiated and clearly false rumours should be reported and filtered.

The fact that drilling has started at Blyvoor gives increased confidence that the deadline can this time be met. I still think it may be tight for end of September but it is what it is.

sensetalka is talking sense. Fundamentals here are good. As a long term KIBO / KAT holder who has been very frustrated at progress over the last few years I don't expect LC to screw this one up , in fact I don't think he's necessarily screwed up on other opportunities - yes things could have been done differently, some things have been poorly handled communicated but a number of factors have contributed .

Quite happy here in fact, less so at KIBO but expect that will eventually turn round

Has he? Has anyone? Until we get something over the line we’ll never really know

Thought I’d post this here as dozy**** is likely banned on lse and spends his time asking questions to posters on LSE. It’s always good to see the other side of a coin.

‘ Once again a completely obscure, opaque, set of 'figures'from LC. 1) what project life ? If the usual 15 years the turnover is miniscule and well below what - eg PPG projected but failed to achieve. 2) what does the acquisition price represent? Is it the equity in one stand alone project ? A typical such site is financed at start-up 45% by asset backed loans, 30% by outside investors like Rockpool (now exiting from many of its power investmnets due poor performance) and 25% by the 'owners' equity (ie he has to pay that amount up front)
So is this a brand new site ? If so the total capital cost for 9MW will be about £6-£8m. so £1.7m looks like the 25%. ie the 'owner' omly gets revenue once the asset loans and other investors are repaid.
And who is the 'third party financial modeller' ? And what is th irr based on. Is it the 'project' irr ? ie the return on the £7m capital cost ? If so, PPG was 'projecting' a similar return on its plants. But all six of them have achieved only 1/rd of that across the board in their first three years - which is why it is bust and selling them all off.
And if Kibo is going to 'retain' 51% of Mast's equity, where is it getting the cash ?- You've guessed it (but not the green behind their ears Edge and Kiwi apparently) more mega diluting share isssues of course - silly !‘

Well I don't know about you BCL but I feel decidedly more chipper today

'Acquisition provides opportunity to potentially bring Bordesley into production well ahead of current target date for 1st production, which is currently set for Q4 2020'

I suspect that should be interpreted as 'set for within Q4' as I cant see it up and running by the end of the month if its dependent on the acquisition. That said the listing seems to be moving at pace.

Perhaps will get the first project over the line after all

Although I couldn't find any reference to Finance being linked to the DFS it would make sense that any potential funder would want the utmost confidence in the numbers. It seems that the delay to Finance has been linked to the delay in being able to drill in SA due to Covid. Hence the confidence LC expressed in his last interview of being able to meet the latest set of deadlines and the reason for this RNS.

From when this JV / project was first announced pre-Covid the timelines have been constantly moved. Initially due to Covid then due to increased interest / clarification from funders hence the site visit and finally Covid again in being able to drill.

Past experience means I am likely to be skeptical but I have increased confidence that this deadline will be met or at least we will have a positive outcome bar the crossing t's / dotting i's as it were

Interested to understand what you mean by 'the party will come to an end soon'.

Lampedusa If you read the RNS of the 21st July you will find the answer to your own question ....

"Whilst we have always been comfortable alongside our JV partners with regard to our ongoing partnership, we recognized that many investors wanted some clarity as to Katoro's exclusivity position after the expiry of the June 2020 project level funding deadline caused principally by Covid-19 disruption and the extensive interest from third parties. In response we have agreed a formal extension to 30 September 2020 which we trust will address concerns investors may have with the security of our position in the Blyvoor JV.

COME ON WIMBO AIM HIGHER ..... about 162p higher