http://www.kibomining.com/

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.