Member Info for SirGBoycott

Thankyou. I will do the same and no doubt be accused of filtering debate but better than fill this board with tripe that everyone has to wade through.

It was an example ..... in respone to a comment ....

and you couldn't be further from the truth .... your very quick to accuse ..... "boy" pmsl

At least I can .....

53,521 bought at 8am and sold three minutes later for £150 profit ....

Aerial some will want out, some will have set a sell order for the first rise. Its a long term gain but plenty will have jumped in hoping that PPA / SML would have landed and cant / wont wait or are frightened off.

Hark at Mr Big Kahuna's ....... Must have been successful those big deals, Chief, to waste your time on here then with us charlatans and chancers

Anyway back to KIBO. Great statement of intent.

Missing posts will all be attributable to the constant unavailability / slow speed / downtime on this site.

Anyone with any integrity would not post hiding behind a keyboard....... Its easy to criticise without consequence. BB you are bordering on slander. Go and say it to his face or report it to the FCA.

Bllx

That's the point with the new legislation etc there is or wasnt any preferred format for these kind of documents. For something this size I imagine its bespoke and wasnt laid out as required. Its not a simple template you download off the govt website.

Not in buying the coal but any opportunity to build a coal fired plant by the mine using the coal might be if interest to kibo energy. We are not a miner no more

whats the biggest coal fired project TANESCO have looked at in the past???

They wont need to check the detail though as the CONTENT is the same

I can and apologies for blatant cut & paste if you post here too

25/6 - Reread my past notes on #TSTR. I had modelled post those meetings $15m net ebitda. So to be in print at $19.8m is an upgrade. It must be due to hogh margin gold processing. Net net I am long. No need for an interview on VOX markets. Just deliver and let the market work it out!

22/6 - #TSTR have reread rns. Amazingly confident to put $49m ebitda in print! Tells u line of site on cost of feedstock and buyers. Min depreciation, no interest, no tax so free cash flow net is $19.6m. Much better than forecast. Derisked. Mezz refinance to come. Raise all working cap

Jun 22

TSTR - 1/2 I got this bit wrong in that working capital for feedstock clearly greater than I modelled. Odey support placing at 45p. & clearly state last raise. Significantly derisks company. Creates huge project goodwill - important re cash returns & new CEO very good hire 1/2

TSTR - 2/2 irony of raise for working capital is it is temporary as once secured feedstock and producing metal cash generation huge. Dream would be to own more than 40% of asset as could control all cash flow of majority holder. Net net very bullish and will be adding. Cheap

TSTR final one ~ I note they give forward margin guidance so ebitda $19.7m net to TSTR. Given long plant life so min depreciation, no tax and no interest that is all cash flow.. I was modelling $14m so massive increase in my cash flow model. BOOM as they say!

Just posting for discussion BB and I can see form the EDL board that there is scepticism. I have replied over there to areyousure. It seems to me that you can get away without washing it if it meets requirements or by mining it in a certain way and then you avoid any environmental constraints. However, washed coal looks to be more productive. I imagine its another cost factor for EDL that needs to be worked though but technically the coal does not have to washed subject to certain conditions.

areyousure - KIBO holder with no position here as yet.

On the subject of coal washing

Form the Mozambique KIBO RNS : "Results from simple washability indicate that there is potential to lower the ash content, increase the calorific value and lower the total sulphur content by washing the coal at an appropriate density (de-stoning) to maximize coal yields for use in a thermal power plant"

and for MCPP (Broker Note 2014)

"The raw coal and washability data indicate to us that the product would require washing in order to destone and remove contaminants in order to meet power generating requirements."

Then updated 2016 in the MDFS 2016

“The significance of the mining method that was developed for the Mbeya coal mine cannot be underestimated,” said Louis Coetzee, CEO of Kibo Mining. “The method not only eliminated one of the two biggest environmental risks for the MCPP, i.e. eliminating the need to wash coal, but also required the coal requirement by 23%, which means substantial cost savings for both the mine and power plant.”

So the answer is it probably doesn't need washing if it meets the requirements or is mined in a certain way. However, washing it seems to make it more productive. On the flip side if you wash it you have environmental considerations. No expert on the matter but hope this helps.

In EDL's case I would imagine its another variable in the total cost equation that requires clarification.

On the same subject from the EDL AGM posted by areyousure

"The answer given to me about costs involved to feed a 300MW power station seemed a bit vagued. Rufus said we could dig the coal out the ground and use it straight away without needing to wash it. I will let someone who knows about these things comment."

Anyone got any thoughts. I have found the following for BIPP (RNS)

"Results from simple washability indicate that there is potential to lower the ash content, increase the calorific value and lower the total sulphur content by washing the coal at an appropriate density (de-stoning) to maximize coal yields for use in a thermal power plant"

and for MCPP (Broker Note 2014)

"The raw coal and washability data indicate to us that the product would require washing in order to destone and remove contaminants in order to meet power generating requirements."

Then updated 2016 in the MDFS 2016

“The significance of the mining method that was developed for the Mbeya coal mine cannot be underestimated,” said Louis Coetzee, CEO of Kibo Mining. “The method not only eliminated one of the two biggest environmental risks for the MCPP, i.e. eliminating the need to wash coal, but also required the coal requirement by 23%, which means substantial cost savings for both the mine and power plant.”

Morning boys and girls. Interest picking up on twitter. Some interesting numbers and comments posted by @here_there

Aerial - I hope you don't mind me asking but I keep an eye on the EDL BB (not a holder but just interested). From the AGM you made the following comment. Is this what Rifus said or your view?

"Also Kibo are now an Energy company and have no intentions of retailing their coal"

I am sure KIBO will retail any addtional coal not required for the coal plant and have an MOU with Mbeya cement. Clearly the MCPP will have priority but there is a lot of coal ....