http://www.kibomining.com/

Just bought these as a pure punt @ 3.12

Minesite
April 28, 2010

Kibo Mining Makes A Solid Debut On Aim, Heralding The Return Of Good Old Fashioned Exploration To The Market
By Alastair Ford



Shares in Kibo Mining debuted on Londons Aim market on Tuesday 27th April, and closed at a very satisfactory 3.25p. That price represented a nice result for all those who came in before the listing when the company raised 1.25 million at 1.5p per share, but chief executive Noel OKeeffe is convinced that the instant premium is justified, on the basis of the potential of Kibos Tanzanian gold, nickel and platinum assets. He also points out that some of the companys other, less recent, fundraisings, were done at much higher levels, on the basis of independent valuations of those same assets. Kibo raised no money on listing, so given that its Irish-based and that there werent any UK brokers getting a nice percentage, the coverage in London was fairly thin. Kibo did, however, put in an appearance at the Master Investor Show, which was held in the Business Design Centre in Islington the previous weekend, and there was plenty of interest from the retail investment audience that the show delivered.
And thats not surprising when you consider that Kibo has many of the classic ingredients that go to making up a successful exploration company experienced management, good looking grass roots prospects, and enough ounces in the ground already to build a viable mining operation around. The experienced management comes in the shape of non-executive chairman Chris Schaffalitzky, well-known in London for his role in the discovery of the Lisheen zinc mine in Ireland, and Noel OKeeffe, who worked in Tanzania during the 1990s for a company well-known to Minesite readers: Ormonde Mining. Ormondes moved on a bit since then, but talking of Minesite favourites, one company thats still on the ground in Tanzania is African Eagle, and as a legacy from a former deal African Eagle is on the register and duly locked in. The directors, all of whom have experience in Tanzania, save the finance director, are all also locked in, for two years. With nearly 10 per cent of the shares Chris Schaffalitzky is the second largest shareholder behind Sunvest, one of investment vehicles of serial mining investor Bruce Rowan, while Noel OKeeffe holds nearly 3.7 per cent of the shares. No question that the management interest will be aligned with the other shareholders for the foreseeable future.

Listing on Aims not cheap, and now that the companys shares have arrived on Aim its sobering to note that having raised well over 1 million as recently as March, theres now just 629,000 in the kitty. That should be enough to allow the company to have a fair crack at its assets though. The lead prospect is Itetemia, a mere five kilometres away from Barricks Bulyanhulu mine in the prolific Lake Victoria Goldfields region, and which already boasts a JORC resource of 422,000 ounces. This, says Noel OKeefe, shows good potential for an open pit mine.

The plan is to undertake infill drilling to move the resource ounces up into the measured and indicated categories, and to try to make the project as attractive to Barrick as possible. Failing that, small mines are quite the thing these days, what with gold at US$1,170 or thereabouts. Plans are afoot for a preliminary mine engineering study to follow in the wake of an assessment by consultants at CSA Global which demonstrated the potential for an open pit mine to mine out the shallower resources.

Next up after Itetamia is Luhala, which already boast a non-JORC compliant resource just shy of 112,000 ounces, and where the next round of drilling will attempt to establish the extent of a shallowly dipping gold zone called Kisunge East. After that the plan is to pore over historic geophysics with a view to generating new targets, both at Luhala, and at Itetamia. At Luhala, new geophysical surveys will also be undertaken. Noel OKeeffe reckons that such surveys could eventually lead to additional new resources such that Kibo could go past a resource base of a million ounces.

In the background sits the Haneti platinum-nickel prospect, which hasnt yet been the subject of any drilling. This could provide the real blue sky for the company, as Noel OKeeffe makes no bones about it: There are good targets there, he says. You might think so, given that the Haneti licence comprises 7,100 square kilometres of ground. One area, Mwaka Hill, will be drill tested this year, while its hoped that other targets will be identified by geochemistry and geophysics as the year progresses. This is exploration good and proper, and that pure play explorers are at last making it on to Aim after a hiatus of two years or so is a development to be welcome. The bad times may just be over.

Trades being shown as red are all buys.

aldwickk, can you put a chart in the header please, makes it easier to follow.
cheers BB.

There is no chart for KIBO yet on moneyam , this is only the 2nd day of trading. but i have a chart from another souce that i will try to post to the header.

thanks.

All buys this morning and offer price as moved up 0.25 to 3.5 , having looked again not sure what are buys and what are sells.

Times 28thApril
Tiddler to watch

Kibo Mining made a muscular debut on AIM yesterday. Alexander David Securities and Daniel Stewart placed the shares at 1p each with investors. They closed at 2p after retail investors tucked in. Kibo, which is looking for gold and nickel in Tanzania, will use the 1.2 million raised to develop three prospects in the East African country.

Kibo up 21.72 % on what looks like a 175,000 buy , but showing up as a sold trade

nice spread.... 1.75--2.50!

The spread has always been a problem, due to the low volume of trades.

aldwick can you confirm that is a buy? i had a limit order for 1.8p that hasn't been filled.

Alex

They are all buys today, you would have to pay 2.05 to 2.25 to buy up to 150,000 the trouble with a limit order is if the bid price is showing 2.00 the broker would not buy them even if you could buy them at best for 1.8

at open bid was 1.5 and offer 2.0[at least on L1 info] was only after 5k to down average so not too fussed

someones bought 44 shares , how much will they be worth after commision and stamp duty ? offer price 2.25 deal struck at 2.0

Supreme optimist no doubt.
2517

roly - mm mumbo jumbo most likely......believe me

TFC , AFE have a holding in these

Why would anybody want to buy a lump of poo like this?

If I want to throw my money away I can always open the window and do so.

spread is something of a deterrant here Roly .-in saying that AFE spread is much the same .........but do you think KIBO have enough cash to last beyond next week ?...................will no doubt be out with begging bowls soon

Half year results for the period ended 31 March 2010
http://moneyam.uk-wire.com/cgi-bin/articles/201006251046392504O.html

Kibo Mining starts drilling at Luhala 2010-07-06 11:05:32 Business Financial Newswire - Tanzanian-focused gold and nickel explorer Kibo Mining has begun drilling on its Luhala project in the Lake Victoria Goldfields.

Kibo says it believes that successful drill results will demonstrate the potential to significantly increase the gold resource. Results will be published as soon as they are available.

CEO Noel O'Keeffe said the drilling programme had started earlier in July than anticipated due to a drilling rig becoming available at short notice.

http://moneyam.uk-wire.com/cgi-bin/articles/201007190749015308P.html

From Minesite .

Sticking with Africa, Matt was followed by Noel OKeeffe from Kibo Mining, a company not long listed on Aim. Kibos got over 500,000 ounces of gold in resources across two projects in the Lake Victoria Goldfields area of Tanzania, as well as upside from a nickel-platinum project slightly further south. This is big country as far as gold mining is concerned, with Barrick and AngloGold Ashanti both operating multi-million ounce operations in the near vicinity. A scoping study on Kibos most advanced project, Itatemia, is now underway.

KIBO MINING PLC



Drilling Results







Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO) the mineral exploration and development company focused on gold and nickel projects in Tanzania, is pleased to announce drilling results on its Luhala project located in the Lake Victoria Goldfields of northern Tanzania. The Company will earn a 100% interest in the Luhala project through an option and royalty agreement with Canadian and American listed Tanzanian Royalty Exploration Ltd.



Highlights



Gold mineralisation intersected in six out of twelve holes drilled;



Best intersections of 8 metres at 2.99 g/t, 3 metres at 2.54 g/t and 2 m at 2.03 g/t; and



Extension of Kisunge East mineralised structure at depth confirmed.





Noel O'Keeffe, C.E.O. of Kibo commented:



"These drill results are consistent with expectations and confirm the continuation of the Kisunge East mineralised structure at shallow depth to the east from where it was previously drilled. Most significantly, the results provide confidence in the potential at Luhala to substantially increase the resource by follow-up drilling at Kisunge East and on the other mineralised zones on the project. ".



Christian Schaffalitzky, Chairman of Kibo added:



"It is relevant to compare the gold grades at Luhala with those on African Barrick's Tusker Deposit (Nyanzaga project) 40 km to the northwest and located on the same regional fault structure and with similar geology to Luhala. With a resource of ~ 4m ounces at 1.3 g/t, Tusker is currently being evaluated as a low grade bulk mining proposition by African Barrick. Compared with Tusker, drilling at Luhala has not been extensive and has only tested the mineralisation to a maximum depth of about 120 metres and mostly in the weathered zone. Clearly, there is significant potential on Luhala to increase the mineral resource by additional drilling."

http://moneyam.uk-wire.com/cgi-bin/articles/201008310700367956R.html

A few buys today moving the bid up 0.25

offer price after the close up to 2.75

Big increase in volume today

ibo Mining Plc
("Kibo" or the "Company")

Placing to raise GBP250,000

Kibo Mining (AIM: KIBO), involved in the exploration and development of gold and nickel deposits in Tanzania, is pleased to announce that on 1 October 2010 it agreed to place 12,500,000 new ordinary shares of Euro0.01 each in the Company ("Placing Shares") at a placing price of 2p per ordinary share (the "Placing") to raise GBP250,000 before expenses. The net proceeds from the Placing will be used to finance continued exploration in Tanzania and for general working capital purposes.

The Placing Shares were placed by the Company's broker, Alexander David Securities Limited, with both new and existing investors. The Placing is conditional on admission of the Placing Shares to trading on AIM.

The Placing Shares will represent approximately 4.69 per cent. of the enlarged issued share capital of the Company. The Placing Shares will be fully paid and will rank pari passu in all respects with the existing ordinary shares of Euro0.01 each in the Company. Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 20 October 2010. The total number of ordinary shares in issue following completion of the Placing, and the total number of voting rights, will be 266,425,874.

The above figure of 266,425,874 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Kibo under the FSA's Disclosure and Transparency Rules.

Noel O'Keefe, MD of Kibo commented:

"We are delighted with this placing as it allows us to progress the exploration and development of our projects. We believe there is significant potential, to increase the Company's current mineral resource and discover new mineralisation on our earlier stage projects where our field teams are presently on-site".

A late buying spree to end the day on a positive note.

Bid price touched 3.25 this morning and volume as picked up.

Big increase in volume today

All buy's this morning and bid up 0.25

Could there be a bid from Barrick soon ?

Its a chart buy and volume as been high today and lot's of comment of Barrick looking for takeover's candidates.

breakout today

A good start to the week thank's to Barrick.

http://moneyam.uk-wire.com/Article.aspx?id=201012101152277509X

I am now fully loaded with these for the moment.


Please see below posting copied from advfn board courtesy of " piripiri2 " - I am not vouching for its accuracy, but it is quite an interesting read.
Ciao
Steve

"You may want to have a closer look at Itemia prospect in more detail the Directors believe that this prospect could be materially larger than Barricks next door thats an easy 1 pound on the sp.Patient prudent will profit here unfortunate for some as most have little patience chasing others..

Kibos prospect sits on a similar geological structure and drilling of what is known as the Golden Horseshoe Reef has already produced a JORC compliant resource of 422,250 oz of which 266,190 oz is in the indicated category and 156,050 in the inferred. However drilling has been limited both in terms of the number of holes drilled and the depth (700 metres) and given that Bulyanhulu was drilled to 2,000 metres, Kibo believes that its resource could be MATERIALLY LARGER. Its initial focus is to prove up the economics of a small shallow pit operation aiming to produce 128,000 oz gold (worth c100 million at current gold prices). To this end the company plans a further 3,500 metres of drilling between June and August of this year. But if this resource gets anywhere over 1 million ounces my money is on Barrick buying it as a bolt-on source of production and we are off to the races.

If Kibo do take the oppertunity to produce early doors with favourable drilling or they indicate that holes drilled to date hole for hole and pound for pound based on these holes that ITEMEMIA on a hole for hole basis is larger than Barricks next door but more driliing will be needed to quantify resoruces.

Either way Kibo are positioned very very well, in between proven producing assets either side if they go straight into small production will value the company for much more or just strictly proving up.. 1 million ouces like I say is plenty bearing in mind management are stating 12 times these figures.. lets not forget what these resources imply in terms of market cap.

1.3Moz...Patagonia Gold PLC (AIM:PGD)...Mkt Cap 186m
10MozE.U......European Goldfields (AIM:EGU)Mkt Cap 1.59 billion
40MozLihir Island...Newcrest Mining (ASX:NCM)...Mkt Cap 11.9 billion

Kibo 10million market cap and potentially 12 miilion ounces touted by the managent from 1 license ITEMEMIA, and nothing for the other 3 licenses also fully funded and robust exploration campaign about to start. "

http://library.constantcontact.com/download/get/file/1103500536103-10/Kibo+Mining+Research+Note+13+April+2011.pdf


Kibo Mining* - Speculative Buy at 3.375p with a 10p target
price

http://library.constantcontact.com/download/get/file/1103500536103-10/Kibo+Mining+Research+Note+13+April+2011.pdf

http://www.moneyam.com/action/news/showArticle?id=4279918

KIBO MINING PLC

Issue of Equity

Dated: 7 February 2012

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold and nickel projects in Tanzania is pleased to announce that Mzuri Gold Limited ("Mzuri") has today agreed to subscribe for a total of 37,500,000 new Ordinary Shares of €0.01 each in the capital of the Company at a placing price of 2p per new Ordinary Share to raise £750,000, before expenses(the "Placing"). This represents a premium of approximately 23% to the mid-market price, of 1.625p, immediately prior to agreeing the Placing The net proceeds from the Placing will be used to finance continued exploration in Tanzania and for general working capital purposes.

The Placing is conditional on the 37,500,000 new Ordinary Shares of €0.01 each in the capital of the Company (the "Placing Shares") being admitted to trading on AIM and the JSE Limited (the "JSE"). The Placing Shares will represent approximately 9.03per cent of the issued share capital of the Company as enlarged by the Placing.

Following the Placing, Mzuri and its related party's will hold 122,072,273 Ordinary Shares, which is approximately 29.41% of the issued share capital of the Company as enlarged by the Placing.

An application will be made to the London Stock Exchange (the LSE") and JSE for the Placing Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading and dealings are expected to commence on the LSE at 8:00 a.m. (GMT) on Thursday 16 February 2012 and to commence on the JSE at 10:00 a.m. on or about Thursday 16 February 2012.

Following the issue of the Placing Shares the Company's total issued share capital will be 415,129,511 Ordinary Shares of €0.01 each. In accordance with the Financial Services Authority Disclosure and Transparency Rules, the Company has 415,129,511 Ordinary Shares of €0.01 each in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.

The above figure of 415,129,511 Ordinary Shares may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Commenting today, Louis Coetzee, CEO of Kibo said:

"We are delighted with this fund raising as it allows us to complete Stage 1 of the field exploration now in progress on our Tanzanian projects. We believe there is significant potential, to discover new gold and nickel mineralisation on our favourably located licence portfolio within Tanzania's established and newly emerging gold exploration regions and we anticipate having targets ready for drilling later in 2012".

Not holding, but nice bit of news for KIBO

21st February 2012

Analyst: Dr. Michael Green
Email: michael.green@gecr.co.uk
Tel: 0207 562 3350



Kibo Mining* - Stage 1 exploration program nearing completion, with results expected during 2Q 2012 - Speculative Buy at 2.25p with a 4.3p target price

Key Data

EPIC

AIM: KIBO, JSE:KBO
Share Price

2.25p
Spread

2p - 2.5p
Total no of Shares

415,129,511
Market Cap

£9.3 million
12 Month Range

1.375p - 4.25p
Market

AIM & JSE
Website

www.kibomining.com
Sector

Mining
Contact

Louis Coetzee - Chief Executive Officer +27 (0) 83 2606126


Kibo Mining has an extensive portfolio of gold and nickel interests in Tanzania in both the well known Lake Victoria Goldfields and in the newly emerging goldfields in eastern Tanzania. New gold occurrences have been found in the east of the country on the back of discoveries made by Canaco Resources at its Magambazi Gold Project in recent years. In a move that draws clear parallels with what is has happened in Western Australia at the Tropicana Deposit (5 million ounce gold resource) which was discovered in 2006; gold is now being found in younger rocks. There are some big similarities between Tanzania and Western Australia, and in both places gold has been found in Proterozoic rocks on the edge of older Archaean rocks. What should really excite the market about Kibo is that the potential is good in Tanzania as the country remains underexplored compared with the Yilgarn Block and the surrounding regions in Western Australia. Last year the company listed on the Johannesburg Stock Exchange which has put Kibo on a stockmarket at the heart of Africa where investors have a better understanding of the opportunities in Tanzania.

A transaction with Mzuri Gold Limited in 2011 seems to have transformed the fortunes of Kibo as it has resulted in an enlarged portfolio of projects followed by the injection of fresh cash and the dual listing. Following this acquisition, Kibo more than doubled its licence area in Tanzania to over 18,000km² and gained strategic positions in both the Lake Victoria Gold Fields and the emerging gold district in the east of the country, as well as bringing in a powerful strategic partner in the shape of the Mzuri group which already has a successful record of mineral exploration in Tanzania along with its business network and infrastructure. The management has put together a two stage £5.3 million exploration programme which is designed to lead to the identification of a JORC-compliant mineral resource. The budget for stage one is £1.3 million where the goal is to generate drilling targets using a variety of proven geological, geochemical and geophysical surveying methods. The process is nearing completion, with exploration results expected by during 2Q 2012

Kibo is exploring in Tanzanias best gold areas at Morogoro, Haneti and Lake Victoria. The Morogoro licences and applications covering 8,900km² occur within the newly emerging goldfield in the Morogoro-Dodoma-Handeni areas in Eastern Tanzania and lie 50 kilometres to the west of Canacos Magambazi Gold Deposit. Kibos blocks are adjacent to recent artisanal mining discoveries; and a significant gold bearing structure known as the Ruvu Nappe has been identified on Morogoro South block. Haneti is an early stage nickel-platinum-gold project which covers an area of 7,200km² in eastern Tanzania which straddles a major geological boundary along a sheared thrust front. The key target is an 80 kilometre long ultramafic belt where grades as high as 13% nickel and 2.33g/t platinum & palladium have been found, and where there is potential for lateritic nickel and nickel sulphide.

In the wake of the Kibo-Mzuri transaction, the board has terminated the Itetemia and Luhala projects in the Lake Victoria Goldfields, in northern Tanzania, to reposition itself as an exploration company with strong ground positions in all the active major gold exploration districts. Following the acquisition of Morogoro Gold Limited, Kibo choose not to exercise its options to acquire 90% of the Itetemia project and 100% of the Luhala project, because the board firmly believed that the potential value of these projects would not contribute sufficiently to shareholders value. At the time Chairman Christian Schaffalitzky commented that The companys current asset portfolio provides shareholders with the potential for exponentially better returns on their investments, than what could currently be derived from the Itetemia and Luhala projects. However in the Lake Victoria area, Kibo has licences and applications covering some 2,700km² of tenements throughout the central most gold prolific areas within the Lake Victoria Goldfield.

Investment Case

There are a lot of good reasons to invest in Kibo. Firstly, Tanzania is one of the most politically stable countries in Africa. Firstly the country highly prospective for a variety of metals and there is a real chance of turning an exploration licence into a mining licence as is evidenced by the number of operating mines that have come on stream in the past twenty years. In fact, Tanzania is probably the fastest growing gold producer in the world. Secondly, the board is highly experienced and consists of proven mine finders including Christian Schaffalitzky, Louis Coetzee and Des Burke. Thirdly, the company has a big ground position in the traditional good greenstone territory near producing mines and infrastructure; but also a strong strategic position in a new gold area in eastern Tanzania which looks to be where the future of gold exploration is in the country. It has to be pointed out that after the experiences of Canaco Resources, Morogoro looks to be an awfully good address with the potential to overtake Lake Victoria as the primary gold address in Tanzania.

Valuation

In the east of Tanzania there are some bumper valuations being awarded to successful explorers, with Canaco trading on an Enterprise Value of £102 million after announcing some staggering drill intersections but despite it having yet to define an initial JORC resource. Peer comparisons amongst Africa based junior gold explorers make for some interesting reading. The group selected were shown to have on average a valuation of US$50.49 or £32.16 per ounce of JORC resource contained gold. Kibo is in the midst of an exploration programme, the second stage of which is to delineate a JORC-compliant gold resource. The team would only need to define 500,000 ounces to be valued at £16.1 million, which equates to 4.3p per share (based on 377.6 million shares in issue.) Our stance is Speculative Buy with a 4.3p target price.

Kibo Mining* - Increases its foothold in Tanzania with exposure to a large portfolio of energy assets. Speculative Buy at 2.375p with a 3.7p target price

Key Data

EPIC

AIM: KIBO, JSE:KBO
Share Price

2.375p
Spread

2.25p - 2.5p
Total no of Shares

415,129,511
Market Cap

£9.9 million
12 Month Range

1.375p - 3.5p
Market

AIM & JSE
Website

www.kibomining.com
Sector

Mining
Contact

Louis Coetzee - Chief Executive Officer +27 (0) 83 2606126


Kibo Mining has a very large exploration portfolio in Tanzania which is prospective for gold and nickel. In early April, the board announced a move into energy by an agreement to acquire controlling interests in strategic energy assets in Tanzania. Firstly, Kibo is to acquire control of a JORC compliant resource of at least 109 million tonnes of thermal coal which is the Rukwa Coal Project near Mbeya. Secondly, there is also a portfolio of additional licences prospective for both uranium and coal. To acquire a 51% stake in both these projects will cost a total of £10.81 million which will be satisfied by issuing 360 million shares at 3p each to the vendors Mzuri Energy Holdings Limited.

When these deals were announced, Louis Coetzee CEO commented that “Through these acquisitions the Company increases its foothold in Tanzania, a region that is on the radar of a substantial number of investors and major industrial groups in Asia and North America. The acquisitions provide our shareholders with exposure to a large portfolio of energy assets. This is part of a broader strategic decision by the company to combine aggressive exploration within Kibo’s current portfolio with the active pursuit of suitable acquisitions to build and develop multi-commodity exploration portfolio of more advanced exploration opportunities in addition to our current gold and base metal work programme.”.

The final results announced in late-March served to remind investors of the progress that has been made at the company in improving the quality of its exploration projects as well as accessing finance which was helped by the listing on the JSE AltX in South Africa. In 2011, the company gained an additional 11,622km² of highly prospective gold and base metal acreage through the acquisition of Morogoro Gold Ltd. There is no doubt that Kibo now boasts a large ground holding position in both the well-known Lake Victoria Goldfields as well as the newly emerging goldfields in eastern Tanzania; which gives the company scope to enter into joint venture deals where others fund exploration work. The company has started an extensive exploration programme across all its projects in Tanzania and is expected to report the results in an operations update during the 2Q 2012. This work covers some areas that are under review for joint venture with third parties; and the company will likely be seeking to relinquish acreage to concentrate on the main targets. This sieving process is expected to be completed by mid-2012 and could facilitate joint venture discussions.

The acquisition of Morogoro Gold from Mzuri Gold Limited in 2011 seems to have transformed the fortunes of Kibo as it has resulted in an enlarged portfolio of projects followed by the injection of fresh cash and the dual listing. Following this acquisition, Kibo more than doubled its licence area in Tanzania to over 18,000km² and gained strategic positions in both the Lake Victoria Gold Fields and the developing gold district in the east, as well as bringing in a powerful strategic partner in the shape of the Mzuri group which already has a successful record of mineral exploration in Tanzania along with its business network and infrastructure. The management has put together a two stage £5.3 million exploration programme which is designed to lead to the identification of a JORC-compliant mineral resource. Following the listing in South Africa in June 2011, the company raised £1.1 million which is being used to fund the first stage of the three year exploration strategy. The Mzuri group subscribed for an additional £0.75 million in a private placing in February this year which will be used to complete Stage 1 and commence Stage 2 exploration. This programme has already produced some good early results with extensive nickel anomalies in soil sampling and trenching which have been identified on just a tiny part of what is a 70 kilometre long zone at the Haneti project which is an early stage nickel-platinum-gold project which covers an area of 7,200km² in eastern Tanzania that straddles a major geological boundary along a sheared thrust front. This long zone is an ultramafic belt where grades as high as 13% nickel and 2.33g/t platinum & palladium have been found, and where there is potential for lateritic nickel and nickel sulphide. Hanetii also has the potential to be a gold target and is the site of continuing artisanal mining. At the time the final results were announced it was suggest that reconnaissance geology mapping had revealed the possibility of a larger scale gold occurrence.

New gold occurrences have been found in the east of the country on the back of discoveries made by Canaco Resources at its Magambazi Gold Project in recent years. In a move that draws clear parallels with what is has happened in Western Australia at the Tropicana Deposit (5 million ounce gold resource) which was discovered in 2006; gold is now being found in younger rocks. There are some big similarities between Tanzania and Western Australia, and in both places gold has been found in Proterozoic rocks on the edge of older Archaean rocks. What should really excite the market about Kibo is that the potential is good in Tanzania as the country remains underexplored compared with the Yilgarn Block and the surrounding regions in Western Australia. Kibo’s Morogoro licences and applications cover 8,900km² within the newly emerging goldfield in the Morogoro-Dodoma-Handeni areas in Eastern Tanzania and lie 50 kilometres to the west of Canaco’s Magambazi Gold Deposit. Kibo’s blocks are adjacent to recent artisanal mining discoveries; and a significant gold bearing structure known as the Ruvu Nappe has been identified on Morogoro South block.

There are a number of good reasons to invest in Kibo. Firstly, Tanzania is one of the most politically stable countries in Africa. Firstly the country highly prospective for a variety of metals and there is a real chance of turning an exploration licence into a mining licence as is evidenced by the number of operating mines that have come on stream in the past twenty years. In fact, Tanzania is probably the fastest growing gold producer in the world. Secondly, the board is highly experienced and consists of proven mine finders including Christian Schaffalitzky, Louis Coetzee and Des Burke. Thirdly, the company has a big ground position in the traditional good greenstone territory near producing mines and infrastructure; but also a strong strategic position in a new gold area in eastern Tanzania which looks to be where the future of gold exploration is in the country. It has to be pointed out that after the experiences of Canaco Resources, Morogoro looks to be an awfully good address with the potential to overtake Lake Victoria as the primary gold address in Tanzania.

Valuation

Looking purely at the gold, peer comparisons amongst Africa based junior gold explorers make for some interesting reading. The group selected were shown to have on average a valuation of US$43.47 or £27.17 per ounce of JORC resource contained gold. Kibo is in the midst of an exploration programme, the second stage of which is to delineate a JORC-compliant gold resource. The team would only need to define 500,000 ounces to be valued at £13.6 million which adding in the net cash position gives £15.3 million equates to 3.7p per share (based on 415.1 million shares in issue.) It is worth noting Canaco Resources trades on an Enterprise Value of £58 million even though has yet to define a maiden JORC resource although it has announced some staggering drill intersections from its exploration project in east Tanzania. Our stance is Speculative Buy with a 3.7p target price based on the gold interests alone. We will be revisiting our target price in light of the proposed acquisitions.

11 May 2012

KIBO MINING PLC

Proposed acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd

Dated: 11 May 2012

The Directors of Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO) the mineral exploration and development company in Tanzania have, in accordance with AIM Rule 14, requested the London Stock Exchange to suspend trading in the Company's share on AIM with immediate effect pending publication of the admission document in respect of the acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd.

Kibo continues to make great strides in Tanzania, where it is exploring for gold, nickel, coal and uranium. Initial exploration on several prospects across the company’s portfolio undertaking with a view to identifying drill targets has now completed. The plan now is to assess the data, and then to get on and drill. Kibo’s shares remain suspended as it completes on the acquisition of the energy part of its portfolio, but last traded back in May at 2.25p.

FROM MINESITE 24/6/2012

June 12, 2012
Kibo Mining Expands Its Footprint In Tanzania
By Robert Tyerman
Louis Coetzee, the chief executive of Aim-traded Kibo Mining, exudes a quiet satisfaction as he outlines the latest steps taken by the East African-focused company in its campaign to establish itself as a major player in Tanzania’s power generation and mining industries.

Louis Coetzee
He anticipates a formal coal deal involving major Asian interests should be in place in three months’ time. He’s also expecting to complete a nickel joint venture with a significant Brazilian group.

As foreshadowed by Minesite in April, Kibo has now established itself as a participant in an ambitious project to construct a power station at the Rukwa coal project near the city of Mbeya in south-west Tanzania.

At the beginning of April, Kibo issued 760 million shares to Mzuri Energy, part of the Africa-focused Mzuri group, giving Mzuri some 27 per cent of Kibo in return for 51 per cent stakes in Mzuri’s coal and uranium projects. Then, following that deal, Mzuri’s coal arm signed a memorandum of understanding with what the company coyly describes as “a large Asian conglomerate” to initiate the project for electricity-hungry Tanzania.

Mzuri Coal will supply technical data for a feasibility study on Rukwa, which is currently estimated to contain around 109 million tonnes of thermal coal.

Also quoted in Johannesburg, where it raised £1.2 million at a modest 3p last year, Kibo knows Mzuri well, given that Mzuri’s energy division was formerly headed by Coetzee. The two companies became seriously involved together in 2010.

“We hope for a deal with the Asian company in the next three months”, says Coetzee. He cites Tanzania’s mining-friendly laws, drawn up, he claims, with help from Kibo, its investment tax allowances and risk-free rating by the World Bank, as among the country’s attractions, apart from its mineral wealth.

In February Kibo raised a further £750,000 from Mzuri Gold, at an even more modest 2p. But the company’s recent appointment of Northland Capital as joint broker with Cornhill Capital, and RFC Ambrian as its new nominated adviser might imply the possibility of a further fundraising before too long, if its projects look promising.

Tinus Maree, head of Mzuri, endorses Kibo’s approach. “There is a clear imperative to develop strategic infrastructure projects as catalysts to broader economic development in the region”, he says.

Coetzee is keen to stress that the Rukwa coal project, though important, is by no means Kibo’s only interest in Tanzania. Kibo’s ultimate goal is to become an old-style country-focused mining investment house, he says. And one attraction of a deal with Mzuri, he says, was its attractive portfolio of uranium assets.

“We needed a smart acquisition to diversify into the energy sector”, says Coetzee. Mzuri’s stake in the Pinewood uranium and coal projects, with uranium in the Mbeya area seemed to fit the bill.

“The project comes with funding”, says Coetzee, and as such an airborne survey will shortly get underway. “Our licences are in the same geological area as known uranium projects”, he says. “This is now a hot spot with lots of companies active.” One such is East African Resources, another company he heads.

Meanwhile, Kibo has also signed a memorandum of understanding with Brazil’s private Votorantim group relating to the Haneti nickel project in central northern Tanzania. Coetzee suggests this will become a firm agreement soon, given the promise that Haneti already shows. “The latest airborne surveys show some good drilling targets”, he says.

Kibo also hopes drilling will start later this year on its 33 gold licences in the Morogoro and Dodoma regions of central and south-east Tanzania. The company claims this area shows distinct geological similarities to the goldfields of Western Australia.

The same is true of its gold properties near Lake Victoria, one of which is near a mine run by the African Barrick group, while another is situated on the gold-rich Geita geological trend, only 35 kilometres from one of Canadian miner Canaco’s largest properties.

The stock market has been cautious about Kibo. The company’s shares are now trading at 2.5p, below the level of last year’s Jo’burg funding, and valuing it at a fairly modest £10.38 million. But if the deals it currently has on the table come off, then a re-rating might well be on the cards.
Back Print this news item

Are these quoted on London Exchanges or just South Africa ?

AIM Share Price
(Ticker: KIBO)

JSE Share Price
(Ticker: KBO)
2.75p Change 0.00p
at close on 13 Jul 2012

32.00c Change 0.00c
at close on 14 Jul 2012

KIBO AIM ?
No price shown on my dealer board and no transactions.
How does one deal in London - verbal request for a price or what.
What would the spread be and cost - if dealing in UK

http://kibomining.com/uf/Kibo%20RNS%20Suspension%20of%20share%20trading%20on%20AIM%2011%20May%202012.pdf

rekirkham

I don't know why you didn't go to Kibo's website to answer your question's

In conclusion, I wish to thank Shareholders for their support while we implement the corporate restructuring currently underway that is necessitated by our acquisition of MEL and Mayborn. As you are aware, the Company's shares remain suspended on AIM to allow us complete this work which I am glad to report is near completion and I anticipate that share trading will recommence before the end of July 2012 with re-admission of the Company to AIM.

SUSPENSION UPDATE

"I'm sorry to say that re-admission will now occur in August which is later than we wanted. It has come about as a result of delays to compliancy work across the two exchanges.

I appreciate that the end of July has been mentioned as a target for re-admission to AIM, however, it has always been an anticipated target and has never been an absolute deadline. I can assure you that Louis Coetzee has driven this whole process forward as fast as possible but sometimes there are factors involved that fall outside of our immediate control which can slow things down.

We hope that the advantages that this re-admission will bring to the Company, and therefore shareholders, will mitigate any annoyance at the time it is taking to fulfill all the compliancy requirements involved in this process."

Kibo Resume Trading today - interview with Louis Coetzee, CEO - Audio Interview Link

Kibo Mining
Reverse takeover of coal and uranium projects looks like a transformational deal

Kibo Mining is a Tanzanian-focused multi-commodity exploration business with a large land holding position and interests projects prospective for coal, gold, nickel and uranium.
The Rukwa Coal Project is a NI 43-101 compliant resource of 109Mt thermal coal resource with prospecting licences and applications cover 1,557 km² which provide the opportunity of expanding the current coal resource by further exploration effort.
Kibo benefits from its long association in Tanzania which has allowed the company to put together a 18,000 km² portfolio of gold and nickel licences which is almost 10 times the current government's limits.
Our valuation is based on just the coal and gold interests; and gives a target price of 2.9p.

Found this interesting video interview with Louis Coetzee, Chief Executive Officer of Kibo.

Click on the link below to watch:

http://www.brrmedia.co.uk/event/103890/louis-coetzee-chief-executive-officer

Interview with Louis Coetzee, Chief Executive Officer
CEO, Louise Coetzee give an update of the numerous gold anomalies that have been identified during soil sampling. Louis also talks about the companies other resources and the how Kibo will continue to focus on its other assets of coal, uranium and nickel.

Click the link below to listen:

http://www.brrmedia.co.uk/event/106713/louis-coetzee-chief-executive-officer

Listen - Kibo Mining (KIBO) MOU signed with Korean East West Power

AUDIO INTERVIEW

Kibo Mining - Half year results

Click here

LISTEN: Kibo Mining (KIBO) - Kibo commences 3,000 metre drill programme at Imweru

Click here to listen

Kibo Mining is apparently the most undervalued share listed on the AIM market and one of the most widely held stocks in ISA accounts and fully funded at present for its on going projects. This was over 60p a few years ago and looking good to go from here!

Starting to make the first steps upwards..now 5p

LISTEN: Kibo Mining (KIBO) - Shareholder Update: Financial Year 2013/14

Click the link below to listen
http://www.brrmedia.co.uk/event/119985/louis-coetzee-chief-executive-officer

LISTEN: Kibo Mining (KIBO) - Shareholder Update: Financial Year 2013/14

Click here to listen

WATCH: Louis Coetzee, CEO of Kibo Mining, provides an update from the Indaba Conference, Cape Town

Click here to watch

LISTEN: Kibo Mining (KIBO) - Technical Report on the Imweru Gold Project Confirms Resource Upside Potential

Click here

Watch here: Kibo Mining (KIBO) - Company overview

Click here to watch the video interview

kibo starting to move again after the recent 2 placings..

Listen: Kibo Mining (KIBO) - Results of AGM & Completion of Placing

Click here

I'm in as of Friday... story developing nicely! imho

Kibo Mining - Memorandum of understudying

Click hre

ooops
Change in Significant Shareholder
RNS Number : 6147Z
Kibo Mining Plc
12 December 2014


Kibo Mining Plc (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

Share code on the JSE Limited:KBO

Share code on the AIM:KIBO

ISIN: IE00B61XQX41

("Kibo" or "the Company")



Dated: 12 December 2014



Change in Significant Shareholder



Kibo Mining plc ("Kibo") announces that it has today received formal notice from Metal Tiger plc ("Metal Tiger") that, following completion of the issue of new ordinary shares in Kibo which was announced on 4 December 2014, from 9 December 2014 Metal Tiger holds 3.65% of Kibo's issued shares. 10,000,000 Kibo shares were issued to Metal Tiger at a price of 1.5 pence per share, as announced on 4 December 2014.





Contacts

Louis Coetzee


+27 (0) 83 2606126


Kibo Mining plc


Chief Executive Officer

Andreas Lianos


+27 (0) 83 4408365


River Group


Corporate Adviser and Designated Adviser on JSE

Jon Belliss

Abigail Wayne


+44 (0) 20 3693 1470


Hume Capital Securities Plc


Broker

Oliver Morse and Trinity McIntyre


+61 8 9480 2500


RFC Ambrian Limited


Nominated Adviser on AIM

Daniel Thöle

Lucinda Alderson


+44 (0) 203 772 2500




Bell Pottinger


Investor and Media Relations





Johannesburg

12 December 2014

Corporate and Designated Adviser

River Group

Kibo Mining - Shareholder operational update: Final Quarter 2014

Click here

Not attracting much attention on here, but it should be

Taken from KIBO's operational update 30 Dec 2014:

For Imweru we will be finalising our review of the Preliminary Economic Assessment report and be reporting to market various operational and financial data from the report in the near future. We are also seeking to confirm the strategic direction for Imweru and are in discussions with various parties in this regard. This could lead to a sale of the asset or a decision to move the asset down the development pathway toward the cash generative production phase. We will update shareholders in this regard, as soon as possible.

Acacia hold 10% of Imweru and already operate close by. it would possibly make strategic sense for Acacia to buy the remaining 90% of Imweru. If they do I doubt it will have much impact on Acacia's share price, but it will certainly give KIBO a healthy boost.

Kibo Mining - Analyst interview, Beaufort Securities

click here

paid 5.25 I-3-15 good RNS forcast from my broker bought on his say so, chart
looks OK , but revenue needs to start flowing more, or cash injection from assets.

Watch: Louis Coetzee, CEO, Kibo Mining - Rukwa definitive mining feasibility study

click here to watch

On board

http://www.proactiveinvestors.co.uk/companies/news/166090/kibo-brings-global-power-and-construction-heavyweights-into-the-picture-at-mbeya-166090.html

Mbeya power project slightly delayed by changes in government

http://m.miningweekly.com/article/mbeya-power-project-slightly-delayed-by-changes-in-government-2016-10-07

Bought some @ 6p

They were asking premium 6.20p on the platform, so I ask the broker a limit of 6p and got it.

my reason for buying is:
Has been holding at lows and moving up and down for the last couple days, so it looks like is ready to move forward after the retracement, like the rest of the gold players. Had a Fibonacci retracement of 76.4% ( maximum ).

The intraday low before rising so high was 4.625p and the Intraday high after was 10.25p
the figures below shows how far the retracement went.

Retracements

0% 10.25
23.6% 8.92
38.2% 8.10
50% 7.44
61.8% 6.77
76.4% 5.95
100% 4.63

Full Retracement done now time for the bounce back

interesting article..........

Tanzania pledges to cement stronger relations with China

DAR ES SALAAM, Jan. 21 (Xinhua) -- Tanzanian Vice-President Samia Suluhu Hassan said Saturday Tanzania will continue cherishing and strengthening relations with China for the benefit of the peoples of the two friendly countries.

Hassan made the pledge during celebrations marking the Chinese New Year held at Mnazi Mmoja grounds in the commercial capital Dar es Salaam. The celebrations were attended by Chinese and Tanzanians resident in the capital.

The Vice-President said China has been Tanzania's major development partner since time immemorial, adding that relations between the two countries were ever thriving.

Suluhu assured Chinese Ambassador to Tanzania, Lu Youqing, that President John Magufuli's administration will work closely with the Chinese government in enhancing trade, education, health and culture.

"Tanzania has a lot to learn from China, especially in economic development undertakings which the Far East country has done wonderfully well," said Hassan.

For his part, Ambassador Lu hailed Tanzania for measures it was taking to fight corruption.

On January 14, former Tanzanian President Benjamin Mkapa commended China for banning ivory trade and urged other countries across the world to follow suit.

"The banning of ivory trade in other countries like what China has done will lead to ending poaching in Tanzania," said Mkapa, who ruled Tanzania between 1995 and 2005.

and

http://news.xinhuanet.com/english/2017-01/22/c_136002706.htm

6.125p +0.125p

Kibo Announces Completion of Integrated Bankable Feasibility Study

Kibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce finalization of the Integrated Bankable Feasibility Study ("IBFS") with the delivery of the Integrated Financial Model for the Mbeya Coal to Power Project ("MCPP").

The IBFS comprises an integration of the Definitive Mining Feasibility Study ("DMFS"), the Definitive Power Feasibility Study ("DPFS"), the Integrated Financial Model for the MCPP and all other relevant technical studies on the MCPP done to date, inclusive of the financial outcomes from the power EPC agreement.

The IBFS concluded that the MCPP is financially, technically and operationally a very robust project.

Key highlights from the IBFS are set out below:

- Total capital requirement for the integrated project reduced 21.1 % from the original integrated prefeasibility study ("IPFS") figure;

- Indicative MCPP total revenue over an assumed 25-year life of project (Note: the final life of project will be fixed by the final Power Purchase Agreement ("PPA")) of approximately US$7.5 to US$8.5 billion;

- Indicative post tax Equity IRR between 21% and 22%, an increase of 11% on the indicative IPFS post-tax Equity IRR, based on the following conservative debt assumptions:...............

5.25p +0.75p

The best rise for some time and moving over the 50 days MA bullish

UKIS 2017 KIBO Notes - 2 Apr '17

Policy Changes -

Can you explain the difference between the Tanzanian Energy and Policy Procurement Review that is underway, as per the recent presentation and the MEM Policy Review that is completed as per 23/3/17 RNS?

These are two completely diffrent reviews. It's hard to put a linear %, in terms of how much of the TEPPR is completed but it's believed the main components have been completed and these aren't really a dealing factor to the ultimate delivery of the project. There is a gazetting process to ensure any changes don't conflict with any other laws etc before being made official.


In your assessment how long will the Tanzainan Energy And Policy Procurement Review take to complete?

Unable to accurately say but see above that the main bulk of the work has been completed already. So we should be on the home straight.


As discussed last year, can you tell me of which, if either, KIBO have had direct input too?

Yes they have had input into both of these. Therefore, I read they must have reasonable knowledge of the processes and there shaping of the future.


Overall how do you expect all policy changes to benefit the MCPP?

Kibo will be benefit for a more robust, solid and sustainable set of rules within the overall framework of reliability within Tanzania. I.e it will ensure all payments etc will be made as agreed which is important for a project like the MCPP which is going to, run for over 25 years.


ESIA -

What does the ESIA Certification process involve?

Literally just a final check and a signing off process. There could be the odd question that may come back to KIBO or a confirmation of certain elements but basically it is what it is, a signing up process.

Given the timelines for ESIA certification acquired by other companies, the ESIA certification for KIBO should be imminent. Is there anything else that is holding this up i.e hanging on outstanding policy changes and should we expect this any day now, by that reasoning?

Yes KIBO are awaiting this to drop anytime now with nothing else holding this up.


SML -

Given the timelines for SML approval acquired by other companies, the SML approval for KIBO should be imminent. Is there anything else that is holding this up i.e hanging on outstanding policy changes and should we expect this any day now, by that reasoning?

Again, yes KIBO are awaiting this to drop anytime now with nothing else holding this up.


PPA -

Given the phrases used in the RNS of the 23/3/17 of 'ensuring that a final PPA can be concluded ASAP'. Can we verify that preliminary PPA tariffs were applied to the facilitate the production of the IBFS and Financial Model?

The conversation quickly negated this section of questions. LC explained that we have no figures to plug in anywhere and this method of thought is the direct opposite to what is actually happening in reality in this process. We are working this completely the other way around. We are saying what the tariff figures should be, driven from the independently produced figures via the feasibility studies completed. We have control and push negotiations to where we want them to be not the other way around. To me, this means we guarantee a profitable outcome for the project.


If so, we're these preliminary PPA tarriffs agreed with Tanesco?

N/A


Again, and if so, are the accuracy of these tariffs still withstanding given the policy reviews?

N/A


FC -

Can we assume once we have an ESIA, SML and PPA we can advance straight to FC or are there any other workstreams that need completing that will hold up going to FC?

Yes, although some parallel work means part of FC can already be in progress. It is possible to call a scenario of being in a Preliminary FC.



Are SEPCO bound to pay you the $3.6m on entering FC or at the completion of FC?

This will be on competition of FC but this is not seen to cause any problems in anyway.


Will there be a news blackout during FC due to its sensitive nature?

Once we reach FC, or more accurately on signing the PPA, that is when the real figures and detail can be released. LC seemed to allude on more than one occasion to look at the figures for the coal that you can workout to give a good pointer to the value that lies ahead. Therefore I don't see FC as requiring a suspension or news blackout.


MCPP General -

How our partners feel about the delays induced by the Government?

They seem pretty understanding of the region and it's development. Obviously they have huge budgets and can outside these types of delays, so no issue here.


Did Sandersons acquisition of part of the MCPP surprise you, especially vs their usual MO?

LC agreed that obviously it isn't there normal line of business and that it probsbly surprised Sandersons themselves more than it did himself when they got so deeply involved. They have made a huge commitment that the believe they will benefit from.


Are you any closer to knowing whether the project will be separated or integrated?

No comment.


What is your gut feel on which route you prefer to go down?

No comment.


Do you feel a 30% retention as previously alluded to is realistic or had that changed +/-?

Yes this is entirely still possible and and therefore valid figure to base any calculations on.


When Sandersons took their 2.5% valuing the MCPP at a discounted $100m, what was the agreed discount valued at?

Although he couldn't recall the discounted figure he interesting said this value was based only on the figures from the mine. This took me back a touch as it was the complete opposite to what I expected. In fact, it may well, give rise to the fact my recent 25p a share figure for u the mine for each 300MW is too low. It puts it back to being more 35p and discounted at that !!! He must be expecting a much better price than $32.7mt for the coal being sold into the plant, imo.

Can you confirm this 2.5% of the MCPP includes the mine.

N/A


How does the MEN's statement that 30% of Tanzanian Mining Companies Share holding must be floated on the DSE affect all of our projects especially the MCPP?

This would only affect projects that require an SML. Therfore only affect the MCPP. That said, LC was of the opinion that this would in all likelyhood NOT apply to us due to the National Strategic Importance of the project. Make of that, what you will.


Can we still expect the MCPP to be spun out ala Katoro?

It will either be spun out or in all likelyhood hood, Hanetti will be spun out leaving the MCPP on its own with KIBO.


If so at what point would you need to initiate this?

N/A. As an aside Noel seemed very excited about Hanetti. I had the feeling more work had been going on there than they have let on possibly.


Sandersons -

Can you give the exact repayment date of the current 2.9m loan facility?

There is no set date and this is a very fluid arrangement. The distinct impressions I got was that there is alot more commitment between all these parties towards eachother than we give them credit for. Sandersons are not there to screw KIBO over for missed dates etc. From what LC said it seems very fluid and flexible. He seemed relaxed to the point of dismissing this as any issue whatsoever.


How much currently of the facility has been drawn?

I found it hard to believe they didn't know the answer to this but felt it was more a point of not wanting to give any shareholders privileged information, therefore, as it stands we received no figure on this.


Given the slippage in timelines for FC what contingencies have you in place for settlement of monies drawn under the current Sandersons agreement and how can we best expect you to negotiate a solution to this?

See above. Totally unworried, I suspect an alternative cash injection possibly from selling part of this his he MCPP down, potentially GE appeared the favourites imo.



Do you conceed that where Sandersons has the right to convert up to £1.5m of amount drawn down on the Facility into Kibo Shares at the 30 day VWAP prior to the repayment date of the total Facility amount that there is an interest in the KIBO share price being low going through this period for them?

LC seemed to be of the opinion this wasn't in Sandersons interest to have a low share price. I asked him if maybe it was in their favour for a short time i.e the 30 day VWAP period at least to get the max shares for the upto 1.5m but LC seemed to say the it was at our discretion whether upto max 1.5m of the facility was repayable as shares. I assume that as the deal and a repayment date seem flexible this maybe isn't a problem as previously explained but also I feel he has access to an alternate funding to eliminate this problem. I.e selling down a small stake in the MCPP possibly.


How you you feel about this, as lot of investors feel uncomfortable with it and suspect some SP manipulation?

They have and our investigating but so far have not found how or who is//could be causing any manipulation.


Beaufort -

Given the significant progress made with the MCPP, how do you feel when your house broker cannot upgrade their stock recommendation, despite your best efforts? Also how do you feel this looks to new or potential investors from the outside?

Very small potatoes in the grand scheme of things.



Government of Tanzania

What actually tangible evidence can you show investors as to the government being completely behind this project at this point?

Look there isn't a letter or anything assigning KIBO any such special privileges. It's something that needs to happen and KIBO have got themselves to the front of the queue in terms of project development They have great relationships in terms of being completely transparent and honest with the Government and this extends both ways.


Can we have some insight as to how KIBO benefits from a supposedly 'special' relationship with the Government?

See above


Have you any agreement with the government in any form that the MCPP will provide Stage 2 and 400MW for export via the ZTK?

Yes this seems obviously where this second stage is going to go, however LC also and passionately pointed out this was not the only option. Only 300MW or Stage 1 can be evacuated into the grid as it stands now. However as an IPP’S he can sell Power to whomever he likes. It need not only be to Tanesco or into the ZTK. He can deal directly with the EAPP too for example or sell as to cement factories etc etc.


Sepco III -

:-) Can you confirm that KIBO initiated the revision to the original JDA agreement with SEPCO III for their best interests and not that Sepco the JDA was revised as they were not prepared to commit funds due to low IRRS of the Power side of the project.

Emphatically and rightly pointed out by LC. Why would SEPCO enter into a deal for 1.8m plus 3.6m just for backcosts and nothing else when the original deal was $3m for 15%. There was no need for further discussion.


NPV -

Who verified or confirmed the RNS'D NPV figures?

Tractebel, MINXCOM etc plus these were again independently assessed, produced and verified.

Can you 100% confirm the NPV figures quoted of just shy of $500m per 300MW configuration are figures post debt interest, as I expect them to be.

See above, do you really think these companies don't know how to calculate NPV that relates to the rest of the business world?


Institutional Investors -

You been on record as saying approx 50% of calls into you were from Investors wanting to get in on the MCPP. How come - barring Sandersons, we have no institutional investors notifiable in Kibo?

LC was of the opinion that we are under the radar of serious II's. At a 30m cap they will become inerested and can invest. He has had alot of interest, so imo, on the back of significant news we won't possibly retrace next time we go past 10p, we might have bigger buyers buying into the price at the level for the reasons stated.


Do you see this as an issue and are you attempting to address it?

See above.


Diversified Mining -

What is the minimum mining permission needed for Kibo to start selling coal locally or will we be waiting for an all encompassing SML?

It will be covered under the SML, already applied for.


If less than an SML what is the minimum period to get it and can it be converted to an SML later?

It will be covered under the SML already applied for.


We know the Capex of the mine with regards the MCPP is $17m, what is the CAPEX for getting the mine into early production and how do you intend to raise this amount?

The mine is the mine, it will take $17m


What ia the current sell price per tonne of Tanzanian coal in local market?

Amazingly $60/ $70 per mt


What is the profit margin per tonne?

No comment


What is the nitial and potential sales potential for local domestic market?

A lot of interest has been shown so far and still feeling out its full potential.


Is there much competition in local market?

Not much only one company he mentioned, he didn't seemed to know quite who Edenville would have as customers. Most other mines will have high transportation costs where as at Mbeya they are right on the train track therefore will be able to keep their costs down and provide coal still a lower price than other companies. LC was adamant no one would beat them for price.


Is exporting of this coal feasible and being explored?

Not impossible but for internal use only for now.



CSR Program -

What else will this entail and under what conditions were you required to run this?

This was triggered via the ESIA but nothing else significant is planned for now.


RNS -

General feedback is that RNS' need more proof reading, could include more numbers for the market to correctly value us on, along with maybe a little shine when we do things well, although I do think we attempt to hide not so good news well.

It was noted but felt most issues were not related to the real material news.


Q & A -

Given the amount of mails sent into you that must take up valuable time, can we schedule a monthly Q & A through Vox Markets, as this seemed to be a great way of investors being able to interact with you on current issues and may not only cut down on your email inbox but act as great PR.

Dedicated email address to be set up with a monthly Q and A sessions as previously conducted via Vox.


SP Value -

As much as we can see progressions on all project fronts and especially the MCPP, do you conceed that there is only a material increase in SP value when the share is consistently worth more this year than it was last year?

Although I didn't ask this the general conversation regarding the SP led to the opinion there will be several significant catalysts for SP improvement coming over the next 2/3 months.


To that end, what do you think will be the trigger for realising solid SP value with regard the MCPP, bar an offer being made for the project.

See above.


I have a value of approx $150-175m for selling a 300MW config with the coal, if retained being worth 25p at the 32.7mt price. Do you feel this is accurate?

Approached the his in a slightly more round about way. They certainly didn't argue and I felt this wasn't far off of what they were thinking either.


If sold, how do you I tend to make sure we don't end up selling a 1000MW plant for the price of a discounted 300MW plant.

This was probably the most significant part of the his home day for me. Each 300MW will be sold as as separate company. Different level of ownership could be assigned over each stage. Therefore KIBO can benefit and realise from the full 1000MW. This IMO, significantly raises the value of the total investment we could realise given a longer term view. Assuming this does reach FC then alot more is at stake than a 300MW value. This alone as the most revealing part of the day. There is an absolutely massive value waiting to be unlocked. I also asked if now relationships between all parties had been established if a rinse and repeat of the whole project could be on the cards? LC just smiled and said, "Yes, of course it could".

How do you best expect to materially realise value back to all share holders, would a special dividend vs income be your preferred method of distribution?

A special dividend would always be a way to go, when realising share holder value.