Kibo Mining Forum

Coal outlook Lovett adds that the use of coal at Rukwa – which is seemingly usable for thermal power – is “very encouraging news”. The first stage of the mining definitive feasibility study (DFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa coal-to-power project is expected to be completed by the end of this November. It will cover the conventional pre-feasibility elements that are associated with a coal mine feasibility study. This is in addition to assessing certain key mining parameters required for the planning of a DFS on the proposed Rukwa power plant. Moreover, African coal explorer Edenville Energy’s Tanzanian entity, Edenville International-Tanzania, has been awarded an environmental-impact assessment certificate. This signals approval for coal-mining at the Namwele and Mkomolo coal deposits, near Lake Rukwa, to start. Edenville International-Tanzania’s future mining objectives include the completion of a feasibility study, as well as subsequent conversion of current prospecting licences and primary mining licences into a full mining licence -- with further environmental studies and approvals required as part of the development processes for a power plant. “Tanzania has significant coal reserves, so if a successful project can be developed, this should catalyse further investment in coal,” Lovett concludes.

Prospects: cheers Andrew very interesting looking at the shares issued market cap etc I really think this could take off big time only hope we don't attract the pump and dump brigades of other stocks I really wouldn't be surprised it this rockets to many times current sp and could easy have mcap of ten times what it is now... Be interested to hear your take on it

price up 100% : did anyone else notice the price on the SA exchange go up 100% in one tick about a month ago or was i dreaming. it went fromm 100 to 200 and is now back at 180!

coiled spring: expect some news v soon. hopfully a little more detailed than what we have had recently

updates: yes MAyfair and we know that they will be positive and the momentum will excelerate

Price: long road ahead but the only way is up baby

some of the parts: morning if you sum up the parts of kibo ( broker analysis not mine -- too lazy) and then apply a ration implying that actual valuation of worth right now would be 1/3 of that value only these should still be around 3.5 - 4p. unless this company is a lying through its teeth of theirs an act of god over which we have no control this has to be a real bargain right now

gbp 80,000 worth and the px hasnt moved. seems odd

28-Oct-1415:42:571.492,700,000Buy* 1.251.6040.23kO 28-Oct-1415:4371.502,700,000Buy* 1.251.6040.50kO

2x 2.7 m buys: just notice 2 2.7m buys come through with t/d yesterday at 1.50/1.51