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