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Kibo Energy – Massively over valued but could be a bit of a giggle

2021-04-11 11:34:04

Kibo Energy (KIBO) is one of those AIM shares that seems to exist primarily to provide an income to the directors first and foremost. The RNS on 5th February did however catch my eye. This stated the valuation of Mast Energy Developments (MED), due to be spun out of Kibo and list on Wednesday (14th April) at £23.6 million, with Kibo retaining a 55% stake. It was a clear disconnect of value to Kibo’s share price at the time.


The Seven Mythical Wonders (September update) – My final review of this collection of ‘never-quite-getting-there’ companies

2018-09-22 06:45:00

This series has gone on long enough so I’m bringing it to close this month with the biggest news relating to the ongoing moving of the goalposts at Kibo Energy (KIBO) which makes one wonder whether the flagship project in Tanzania is ever going to see the light of day.


Kibo Mining – Is this securities fraud or just plain old shoddy AIM behaviour?

2018-06-30 21:39:32

I’ve been following the Kibo Mining (KIBO) story for a while now watching Louis Coetzee continuing to fail to deliver the PPA at its flagship Mbeya power project but Friday’s announcement raised my eyebrows slightly higher than normal. In my view, it is either securities fraud or merely epitomises all that is wrong about disclosures and announcements and the roles of the various advisers at the lower end of the market.


The Seven Mythical Wonders (June update) – I’m starting to despair

2018-06-18 02:11:03

When I started this series in January, I didn’t realise how dispiriting it would be as, yet again, my seven wannabe Loch Ness Monsters have proven to be just another set of blurry photographs of tree branches. At this rate I’m going to struggle to make it to the end of the year but at least I’m not a shareholder in any of them I guess.


Kibo Mining: “Company Update” – could this be the news we’re all waiting for? Oh…..

2018-04-12 00:26:34

Louis Coetzee is clearly a bit of a tease. On Tuesday, Kibo Mining (KIBO) was expected to update its investors on ongoing Power Purchase Agreement discussions and things looked promising when it issued a Company Update at 2pm... only for all shareholders to be bitterly disappointed by yet another discounted placing! What is going on Louis?


Kibo Mining: Lightning strikes twice and this time it looks even messier

2018-03-04 09:12:45

Almost exactly three years ago, Kibo Mining (KIBO) raised funds from Hume Capital, a couple of weeks before it went into administration still holding the placing proceeds. Somewhat unbelievably, history has repeated itself with Beaufort Securities going into insolvency on Friday. It looks like a right old mess.


The Seven Mythical Wonders (Feb update) – Good news for Kibo Mining

2018-02-18 00:47:05

I started the year with a light-hearted look at a few value-generating AIM yarns that appear to have a lot in common with the Loch Ness Monster as there is some doubt as to whether they are ever going to be seen. It feels like monthly updates are appropriate and it’s been a busy start of the year for some of these AIM yetis.


Kibo Mining – Is Louis Coetzee a liar or just a bit dim?

2017-10-23 00:37:26

I don’t normally get into personal attacks but having finally caught up with Kibo Mining’s (KIBO) most recent Monthly Q&A and listened to its CEO’s implied dig at me, I thought I should give as good as I get. I was left thinking that Louis Coetzee doesn’t really understand what happened with Kibo’s recent convoluted funding or is just lying about it.



2017-09-30 23:45:17

I am forced into doing a follow-up on Kibo Mining’s (KIBO) convertible loan funding arrangement announced on Wednesday last week which I covered HERE due to the fact that all loans were converted on the very next day on Thursday. What was the bloody point? Well, I reckon I worked it out.


Kibo Mining – Interims out and funding announced – no great surprise

2017-09-27 01:06:43

Congrats to Kibo Mining (KIBO) for being the first of my preview targets to release results this week and, as my preview predicted, cash was pretty sparse, hence the £500,000 new funding announced this morning. Not a bad deal all in all but not sure what the directors are playing at.


Kibo Mining – Interims preview: Time to pass the hat round again?

2017-09-20 01:51:02

Kibo Mining (KIBO) is a frustrating company as, at its heart, there’s quite an interesting project, namely the Mbeya Coal to Power Project (“MCPP”), unfortunately it’s in Tanzania and the delays are seemingly never-ending which means that it’s probably time to raise some more funds from somewhere, presumably from Beaufort / Sanderson.


Video: Louis Coetzee, CEO of Kibo Mining, speaks at UK Investor Show 2017

2017-04-13 00:51:07

In this video from the storming success that was the 2017 UK Investor Show, Louis Coetzee, CEO of Kibo Mining (KIBO), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.


Kibo & Opera deal: good news for one and the other is a running joke

2016-09-23 04:04:20

Today comes news that Kibo Mining (KIBO) has sold its non core gold assets to Standard Listed joke company Opera Investments (OPRA). This is good news for Kibo for Opera, its standing just could not get any lower.


Kibo Mining – I tip my hat (and hold up my hand); looks like a great deal with Sanderson

2016-09-01 01:50:49

Four weeks ago, I wrote a critical piece on the terms of the loan deal between Kibo Mining (KIBO) and Sanderson / Beaufort. Well, the renegotiated repayment terms were announced this morning and should be applauded. As Jamie Lawson said, “I wasn’t expecting that!”


Kibo Mining – Whatever next: an RNS about a trip to the crapper?!

2016-08-17 03:28:55

An absurd non-news RNS from Kibo Mining (KIBO) this morning looks strange but all becomes clear when one considers the consequences of the gratuitous, greedy deal with Beaufort and Sanderson that I highlighted at the start of the month HERE.


Kibo Mining – A case-study in greed from Sanderson and Beaufort

2016-08-03 00:11:39

Having written about the dreadful Sanderson Capital Partners loan arrangement with Eurasia Mining (EUA) yesterday (HERE), I thought it might be insightful to provide a case-study in greed from the same guys at Kibo Mining (KIBO) and what it might mean for the stock going forward.


Video Louis Coetzee of Kibo at UK Investor Show

2016-05-18 04:07:09

A past winner of the post show pro-celeb pizza making contest, Louis Coetzee here presents for Kibo Mining (KIBO). Enjoy.


Video: Dragons Den Session 4 from UK Investor: Ariana, ValiRx,Kibo & Jubilee Platinum

2016-05-13 04:25:19

The fourth Dragon's Den session at UK Investor show saw myself (Tom Winnifrith), Brian Kinane and Steve Moore each invest £1,000 in shares. Our choice of where to invest was ValiRx (VAL), Jubilee Platinum (JLP), Kibo Mining (KIBO) or Ariana Resources (AAU). Enjoy.


Kibo Mining upbeat on coal to power project

2015-10-14 03:24:17

East Africa-focused diversified coal play Kibo Mining (KIBO) is sounding increasingly enthusiastic about its 109 million-tonne Mbeya coal-to-power project in south-west Tanzania in the wake of a cheering update on the definitive feasibility study under way on the mining side of the project. With its AIM-quoted shares at 5.38p, between last December’s 12-month high of 9.75p and a 1.17p low, the Dublin-based company hopes to produce 1.48 million tonnes of thermal coal a year as from the first quarter of 2019 ’as long as there are no other snags,’ says chief executive officer Louis Coetzee, to feed a proposed 250-350 megawatt mouth-of-mine powered station to supply Tanzania’s fuel-hungry market.


Zak Mir's Bulletin Board Heroes: Beowulf Mining, Jubilee Platinum, Kibo Mining, Oracle Coalfields, Quadrise Fuels, Sovereign Mines of Africa

2015-10-12 23:43:42

Featuring shares in Beowulf Mining (BEM), Jubilee Platinum (JLP), Kibo Mining (KIBO), Oracle Coalfields (ORCP), Quadrise Fuels (QFI), Sovereign Mines of Africa (SMA), together with some share price targets.


Kibo Mining – operational progress keeps on coming!

2015-08-12 04:17:00

It’s great to see a mining company on AIM doing exactly what it said it would do, especially in the current climate. This morning, Kibo Mining (KIBO) delivered its latest important milestone, on schedule. The company has released the findings of Phase 2 Stage 1 of its development plan for the Mbeya Coal to Power Project in Tanzania. Based on exploiting the 109.39mt inferred and indicated resource at the Rukwa coal deposit, this represents another significant step forward for Kibo. It’s now something of a surprise to see the company’s share price trading at 4.75p. Up only 0.63p on the day, it seems likely that Kibo’s shares are held back by the general headwinds blowing a gale against the resource sector. Unperturbed, the company continues to push forward.


Video of Louis Coetzee of Kibo Mining presenting at the UK Investor Show 2015

2015-04-23 01:28:43

And here is Louis Coetzee, CEO of Kibo Mining (KIBO) presenting at Uk Investor Show. He seems to get the message across clearly in the video below. And he was also a star contestant in the pro-celeb pizza making contest at the after show party.


SP Angel Morning Mining Note: Centamin, EMED, Kibo and Blue Rock Diamonds

2015-04-08 07:50:44

In less combative mood than yesterday, John Meyer of SP Angel today comments on Centamin, EMED, Kibo and Blue Rock Diamonds as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond. 


Kibo Mining – making the best of a thoroughly bent market

2014-12-07 03:53:37

When I interviewed Kibo Mining (KIBO) CEO Louis Coetzee six weeks ago, the company had just placed at 1.5p. Shareholders were furious and there were even whispers of an action group to oust the board. Realistically, such an attempt would have been futile, and today the company’s outlook is much rosier. 


Kibo Mining seeks project partners

2014-11-15 04:43:05

Louis Coetzee, entrepreneurial chief executive officer of Tanzania-focused Kibo Mining (KIBO), says he is talking to 12 companies as he looks for a development partner in the power side of Kibo’s $60 million (£38 million) Rukwa coal and power station project in the country’s south-western Mbeya region. Kibo, which had last year signed a memorandum of understanding with Korea’s state-owned East West Power group about possible participation in Rukwa, is now concentrating instead on a pre-feasibility study, due this month from energy-to-infrastructure specialist Aurecon, of its plan to build a 300 to 350 megawatt power station there.


Exclusive interview with Kibo Mining CEO Louis Coetzee – Part 2

2014-10-15 10:21:12

In the first part of this exclusive interview with Kibo Mining (KIBO) CEO Louis Coetzee we discussed the company’s flagship coal project at Rukwa, investor disappointment in 2013, why Kibo did not complete the deal with EWP, the unexpected interest from other major development partners, the current status of negotiations and the technical stage the project is at. In this second part of the interview, Mr Coetzee goes on to talk about Kibo’s other flagship venture, the gold project at Imweru, as well as the reasons for last week’s placement. Shareholders are not happy with Kibo at present, but Mr Coetzee delivers candid answers to the direct questions I put to him. 


Exclusive interview with Kibo Mining CEO Louis Coetzee – Part 1

2014-10-15 09:58:03

Last Wednesday, Kibo Mining (KIBO) conducted a contentious £855,000 placement at 1.5p. The general mood among shareholders is pretty furious and it would have been easy to write a piece in response, blasting the company. As it happened, earlier in the week I had had a discussion with CEO Louis Coetzee about the future of the company, what happened in 2013 and Kibo’s relationship with the market. Mr Coetzee didn’t mention the placement to me when we first spoke. However, I obviously had to follow up with him to understand why Kibo had raised money again, having last been to market in July. Kibo now trades at 1.32p (last seen), valuing the company at £3.45million. The question many are asking is, is this time to bail out or hold firm?


Open letter to the FCA; please investigate Kibo Mining’s placement of March 31st

2014-07-25 10:00:03

On March 31st this year, Kibo Mining (KIBO) raised £750,000 at 2.5p. The price of this placement was horrific, at a 42% discount to the previous close’s 65 day Moving Average (65MA) closing price. On March 28th Kibo’s 65MA closing price was 4.28p. In percentage terms, this was one of the worst recent cases of placement value destruction I have come across and there was a very strong suggestion that Kibo, and its shareholders, had been victim of blatant (and sloppy) forward selling. Forward selling is the term used to describe a version of market abuse whereby certain parties, armed with confidential “inside” information, use this to profit, by going heavily short a stock, which they know is trying to raise money. We see possible cases of forward selling of placements regularly on AIM and there is an impression that that the regulator is doing little to nothing about it. Below I have drafted an open letter to the FCA to ask them to investigate this matter.


Kibo Mining – could the horribly priced placement pay for entry into the Promised Land?

2014-07-14 14:29:32

Rumours have abounded for a while that Kibo Mining (KIBO) has been the target of a coordinated shorting campaign. Although I’ve noticed it has been problematic buying Kibo stock in volume at times, so far I haven’t seen any firm evidence to confirm whether or not there is truth to the whispers. They could just be the sour grapes of investors who put money into a cash hungry business, during the severe sectoral downturn. Long term holders are bound to feel extremely disillusioned with how this company has developed, but after today’s RNS I am going to stick my neck on the line and say the worst could be over.


Decision time at Kibo Mining

2014-05-09 12:05:49

The coming weeks and months are likely to prove pivotal for ambitious Kibo Mining (KIBO) and its clutch of prospects in Tanzania, ranging from coal and nickel to platinum, gold and lithium. Kibo, steered by entrepreneurial chief executive officer Louis Coetzee, is currently talking to five potential major partners about developing its flagship project, a proposed $700 million (£435 million) thermal coal mine and power generation plant at Rukwa in the south-west of the energy-starved East African country, whose current 7 per cent rate of economic growth is putting a premium on electricity supply.


UK Investor Show 2014 video - Louis Coetzee of Kibo Mining

2014-04-20 22:29:43

Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Louis Coetzee of Kibo Mining (KIBO)


Kibo Mining – bitten off more than it can chew?

2014-03-31 11:40:05

There’s an idiom in English. It’s quite well known. You might even have heard of it; don’t bite off more than you can chew. If you happen to have the email address of Kibo Mining’s (KIBO) Chief Executive, Louis Coetzee, perhaps you would be good enough to share with him this little pearl of wisdom...


Kibo Mining: Buy at 4.5p - Targets Retest Of 6p Plus

2013-11-20 14:51:50

For shares in Kibo Mining (KIBO) we are in the technical position of being forced to give the benefit of the doubt to what is clearly a bulletin board favourite situation. So it is a BUY!


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