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yes, the resource is fine. depending on how the govt wants to run this, they either can go to production quickly and then once cashflows permit, drill further or they might need to increase the bankable resource first, if GoT is tricky. But either case, the project will go ahead!
Wimbo, the current sp is the result of trading small amounts and the 100k/200k seller - whoever they are. Thinking about it last night, I think KIBO is in its strongest position that has been for the last few years! So much going on and on the cusp of delivering projects and minting some money. Post PPA, I won't be surprised if GE and/or Sepco take a stake at a valuation which would leave KIBO with significant chunk and enough moeny in teh bank to drive the other two projects and add a few more!
aerial I never met the guy. But on LC - he sounded a bit like that - labored and tense but he was so at ease yesterday, even chirpie. Really willing to talk for as long as we wanted! Not sure if he has been taking some meditation or other classes/substances (Lol), or just he feels good for Kibo?
sonic Looking at how similar projects are valued - KIBO is hugely undervalued. A few examples: Lamu in Kenya valuation- would value MCPP at 600mln USD, easily KEFI gold project - equity finance raised at a small discount to NPV etc Once the big insti guys move in, the valuation should recover very nicely and very quickly!
useful background https://www.*************.net/interview-edenville-energy-plc-update/ interesting difference between the tone of the two CEOs! LC was much more chirpy and jumping up and down (in his own way!) Also cost of transport - pretty much what LC said 2 years ago on coal production and why being close to railway in Kibo's case so important - costs of rail vs road!
Pauly101 "...some insider knowledge about another company..." You like to twist stuff, don't you! How would LC have insider knowledge of the doings of another company that he is not a director of. How ridiculous and how transparent trying to rubbish LC. Obviously he and others will know a thing or two about the coal mining industry and might share their views, very much like pundits do on TV before a football match. I am not saying he did! I might have just said that to annoy an annoying poster! Do research, for change!
aerial I am sorry if offended, not my intention. Apologies Will not comment on EDL but would suggest to have a look at Tancoal and see how IEC is doing. No advice intended or given. Making money our of coal, in a minuscule scale, is a very hard job, even at current high prices. My and a few others who know much more than me, views!
It is actually 4.5% and the average is much lower than 6p, sub 3p actually! It is in my SIPP and judging by the answers SirG and I got to our questions this morning - it will do very, very well! I have another 15 years to retirement, so quite happy to wait another year or two.
JD/mm - you are welcome Can't remember whether SirG or I mentioned it, but the gist of what LC said was that the price wasn't an issue, eg you could have a low headline figure but tax breaks (eg Magnis, just agreed a few weeks ago) or higher headline figure but normal tax rates and/or development obligations - build 10 schools, hospital etc etc) The key seems that Tanesco and MoE are doing a very thorough due diligence with the associated timelines. WHEN NOT IF
Added 75k. LC was confident and relaxed. Spent a lot of time with SirG et moi. Ppa is a process that will happen when and not if. and Moz is the dark horse here. Also Kibo credibility in the region high sky!! Also they have impressive experience and expertise inhouse and through ge and sepco. So dev costs going forwards likely to be much lower.
Jd Yes i am. Hope to chat to LC. Send questions if have anything specific. But by past experiences, doubt LC will say anything not in the public. He is really serious and straight. One of the reasons why I invested and stay invested