Member Info for SirGBoycott

There is just LSE cant keep up!

The cynic in me senses this will probably conclude this week allowing those that know to buy and sell to their advantage. Surprised there’s not been a bigger reaction at mast.

True to form another missed deadline. The blokes a complete liability

A wee beastie from ardbeg feels appropriate tonight.

Therefore, it is envisaged that MED will receive a c. 25% stake in a portfolio of up to c. 33 MW of assets that are expected to be fully funded, constructed and revenue generating within the next 12 months.

Plus

· In addition, the JV have granted MED a five-year management services agreement ('MSA') and associated fee to manage the sites, which will further bolster MED's share of income from the JV, and calculated as £7,200 per MW per annum.

A little doesn’t hurt …..

It’s like the drill will be mobilised to the rukwa site very soon but won’t be at the wellhead until the civil date completed mid aug.

Possibly but they are getting £800k in cash as part of the JV anyway.

£800k in cash agreed form MAST, lets hope its put to better use than all the other money KIBOs had

Yet another delivery date missed …. Just another day in LC land. Anyone really think bordersley will be up and running any time soon

‘It is expected that the JV agreement will be completed and executed around mid-June 2023 but there is no guarantee that a definitive agreement will be reached.’

If he can’t get the resolutions passed he should resign immediately

The Ordinary Resolutions 1, 3 and 6 were carried as their vote exceeded the required threshold of 50% of proxies cast, voting in favour. The Special Resolutions, 2, 4, 5,7 and 8 were not carried as they did not reach the minimum threshold of 75% of proxies cast, voting in favour.

How this man is allowed to continue as a director is beyond me … I considered a career change … but then remembered I had a conscience. Perhaps that’s why his own son left.

Another day in kibo land where LC is handing out confetti to anyone who will keep him in post.

The shares are being issued in respect of £22,408.86 in principal payment at an exercise price of £0.0072567 per Conversion Share in accordance with the terms of the Reprofiling Agreement.

Mast current trading at 0.012

Https://www.proactiveinvestors.co.uk/companies/news/192514/fca-shuts-down-troubled-brokerage-beaufort-securities-192514.html

Wonder who the broker is at Novum? Surely not Jon Belliss?

Says it all really.

Another great bit of business by LC.

He’s sold his soul to keep his Job / salary.

Lost his moral compass a while back.

The bigger shame is the knock on impact to other businesses seeking investment as there is little trust in the people that run them.

Vote against all resolutions

Mbeya is a decent project but six months on from the last update we get another update that really doesn,t tell us anything different

"The MoU sets out clear guidelines, deliverables and timelines for the conclusion of a Power Purchase Agreement ('PPA') and related implementation agreements between Mbeya Power Limited, a 100% owned subsidiary of Kibo Energy, and the Tanzania Electric Supply Company Limited ('TANESCO')."

So Mbeya Power Limited and representatives of TANESCO have engaged several times over the past months, with the latest meeting concluding in agreement on the due diligence scope and process for TANESCO's due diligence on the MPP, in line with the agreed key project milestones.

Completion of Power Purchase Agreement with TANESCO - Q3 2023 as earlier operational update RNS.

Anyone would think there was ANOTHER EGM coming up and someone's touting for votes. I expect another RNS before the end of the month probable on waste to Energy / biofuels

Looks a reasonable deal on MAST if LC can convert to full JV in mid June.

Any increase in MAST should be reflected in KIBO but as we have seen before LC doesn't have many fans.

I shall again be voting against all resolutions.

The CEO needs to step aside and let someone else try and turn this round. The rest of the Board also need to ask themselves why KIBO (and its LC run spin offs MAST (15p to 1p in 2 years) and KAT (10p to 0.1p in 8 years) has consistently failed to deliver anything of value and languishes at 0.06p. Its certainly not, as the CEO thinks, down to disruptive shareholders.

This isn't about ability its about confidence in the CEO and the only people that seem to have any faith are those that are reliant on him for their income.