Member Info for SirGBoycott

I believe swifty, fact. In fact, I may even pre-announce a buy for you.

Have you sold out yet great sage or do you hold out hoping that the great LC will ultimately deliver?

Going to be a long week

Also the lame excuse on DD is not on KIBO but their own internal DD / governance.

Boff I have expressed an opinion and it still stands. If it’s good enough for you to put your money in then I’m sure Sepco will follow. They have not walked away and clearly kibo doesn’t want to wait.

Sonic in that case why were Sepco even looking at this back in July? Why not wait until MCIPP and BIPP more advanced? Personally I think they’d agree an SDA I’d mcpp fell over tomorrow.

I bet your glad your stuck in here then with no prospect of anything near 20p

You can add FE to the numpties then.

Do you put money on a horse when you have no faith in the jockey. Please tell me how replacing the CEO now would

1) Get the SML issued any faster
2) Get the SDA with SEPCO over the line
3) Convince GE they had picked a solid partner
4) Help with the MCPP tender process
5) What additional information you expect him to release

You'd get your update though 'due to personnel changes we have been unable to complete the above'

How would you explain it to SEPCO. Sorry that fella you were speaking to was crap at updating shareholders so we replaced the person you have been building a relationship with.

Here are his thoughts on how its going which was clearly enough for you to put a load more money in.

Louis Coetzee, Kibo's CEO, said, "Whilst we recognise the potential of the Haneti Nickel Project, the Board believes that it is better placed within Katoro's portfolio as Kibo progresses towards becoming a leading regional energy company. This sale enables us to focus exclusively on the advancement of our portfolio of energy projects in Tanzania, Botswana and Mozambique. Progress is being made in the development of each project and we continue to work closely with the different governmental and national bodies, as well as our international development partners including General Electric and SEPCOIII. I look forward to updating shareholders with relevant updates throughout the rest of the year."

I would have thought most expect this to be a lot clearer by Xmas. Boff I’m in danger of agreeing with you.

It does at least you must concede derisk the mcpp significantly and add value that way.

Well done sonic for being correct. Praise indeed. I understand your rationale but why would the mining commission recommend it’s approval and do you really expect that the cabinet are discussing this level of detail or making that call. And why have no other smls been approved by cabinet.

That’s what they said at edl boff ... lots of coal. The other projects are the key to the SDA. Much more attractive to ge / Sepco and read the research note on synergies

I think it’s most peoples view that the Sepco deal is important. The point jd makes is that there is no immediate need for operational expense. If I recall we are liable for a maximum of £1m of dfs on bipp and we bear the full costs for getting MCIPP to FC. Clearly any potential revenue from coal sales and med is down stream so we clearly need capital to progress BUT we don’t need it this week.

That was relating to the sml not being a prerequisite of the SDA. Which tbh was nice to have in the RNS for everyone to see but we seemed to have accepted that a long time ago. I suspect LC added it out of frustration at all the emails he received asking the same question.

Sorry I thought only yesterday you were adamant that the sml could not or would not be issued until the tender process was completed.

So sml not linked to tender process

I think if SEPCO (and GE and possibly the TG for that matter) didn't have any faith in LC then they would have walked away by now and with all due respect to you and how many shares you hold Boff I would expect the Chairman of the Board to retain the manager under all circumstances whilst he has the confidence of the strategic partner.

Boff if KIBO lands a 300Mw / 600Mw project in TG tomorrow with the baility to fund / deliver .... when all else have failed ..... had he called it / got it wrong?

Given that sml is waiting for cabinet approval it could technically come any day. Assuming the cabinet meets It’s either not getting on the agenda or there is an agenda not to approve any SMLs. Similar with the Sepco SDA. So in the absence any rational reason beyond the TG govt is committed to keeping its people in poverty it seems a logivmcal conclusion that it could drop any day. As much as I would like to meet LC again and ask questions you have to conclude what’s the point if there is nothing different to say. I think.’x nay even predict, we will have sml for mcpp and MCIPP and the SDA before Xmas. That’s my view. I don’t think that’s an unreadable conclusion to come to.

Or the journo did his reasearch and felt it irrelevant... two ways to look at it.