UK 06:07 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
DUCK AND DIVE
It’s not just mining companies…*any* AIM company that delivers on its promises is worth getting behind. But they are few and far between.
Not a good day to judge market reaction to positive news but the SP will respond in its own good time.
Another Tanzania-focused AIM company, fastjet, delivered a Carlsberg-quality news update today via a Bloomberg interview about meeting its targets and the SP has ticked down. Lucky for some though…
Ben Turney
@Duck and Dive – yes, it is a very tough market. As for FJET, thanks for alerting me to it. I will add it to the newsreel