KIBO

Kibo Energy PLC

Basic Resources First-pass screen £0.96m

260/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 30

Valuation 25% 30

Downside protection 15% 18

First-pass take

Pre-revenue renewable energy developer with zero AI exposure. Critical concerns: negative net cash (£5m debt), working capital deficit, qualified audit opinion unable to verify Shankley asset values, single customer dependency. Burning £2–3m annually with no proven operating leverage. Delayed projects, Tanzania mining license disputes, severe liquidity strain.

Flags

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