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No wonder Sekame never got out of bed to do anything over the years, they probably knew the way of things in Botty.
Before corona they were trying for gas flows to supply 10Mw. Then they applied for a PPA for 2Mw which was very feasible in a much shorter period. Corona put an end to that for an indefinite period , and it is still indefinite!
I think TG said Covid had not stopped TLOU completely and they were continuing to function. In the real world not 100% of 100% , but a decent percentage on preparing the way for the transmission lines, closing #3 temporarily, maintaining dewatering at #4 at reduced costs etc etc.
Maybe 60% of 40%? better than 0% of 100%! Whether they will resume dewatering on #3 and #4 , or #4 and new wells (including #5) is still in the melting pot. But that is for the 10Mw level I believe. On the way we will be enough gas for 2Mw - as soon as the dewatering starts to recede imho. Lord knows what is happening between the Govt and BPC on the PPA but Mr Moagi as very keen to raise a PPA for 2Mw and I hope he is still of that mind. There is little reason to think otherwise. When I get time I'll look up what TG actually said - he definitely did not say were are fully operational, only MM claimed that! A lunatic might believe we are - I don't and that is neither stupid or delusional imsdo :O)
But your not brad, tlou as a company are working in exactly the same way now as they were before corona. All in different countries working! The only difference is being able to travel to bots. Tg himself said it didn’t really change much for them!!!!!
I wonder how many workers in the UK , and on this board , are achieving their targets from home and in the office? Not many I reckon. Now why is that? Is TG immune to that reason?
When everybody who is still in a job gets back to pre-covid levels, I might take notice of your whingeing Whizz. Until then I am in the real world.
Most of us will show some support brad when the bod finally start to deliver and make actual progress which is then reflected in the dismal sp.
I’m not showing support where it’s not deserved. When they start delivering on the items we are still waiting on I might change my mind but for too long the bod have been massively underachieving!!!
Still waiting on a signed ppa
Still waiting on funding ( getting on for a year late )
Still waiting on commercial gas flows
Still waiting on a link up with solar
Next year we’ll have to have another fund raise to keep the lights on!!!
Shocking progress
Tony is very consistent imho.
What with Donk and Whizzer across the two chat forums, he really must feel like chucking it all in publicly and do it as a private company. Avanti have done just that and the sp has not moved since they resigned from the stock exchange and joined JP Jenkins long ago.
I wish a few of you would show some support for TG, rather than calling me delusonal for believing in the man. Surely the silent majority here and on Advfn includes people who can see TG is 100%? Are all of you too scared to show it in case your are branded delusional here, or "not delusional" but "stupid" by the residential liar on ADVFN?
28 Sep '20 - 09:39 - 8818 of 8818
16th April 2020 Operational report
Increased sustained gas flow rates are anticipated to take some considerable time, based on the currently available data, unless additional wells are drilled to facilitate the dewatering process. A decision to drill additional wells is being considered but no decision has yet been made.
15th June 2020 Entitlement Offer to raise up to A$3.0 million
The Company is in advanced discussions with development funding institutions interested in providing debt and/or equity capital to fund the next stage of the Lesedi project. This work includes but is not limited to, drilling of additional wells, installation of generation assets, purchase of capital equipment, and installation of associated infrastructure to develop up to 10MW of power.
Sept 2020 Post 8814
But we were not told that probably more wells would be required to assist with the dewatering process prior to the last fund raise.
Disingenuous yet again ...!!! I guess they feel they no longer have even a moral responsibility towards shareholders ....
It’s amazing they still peddle and preach the “compelling opportunity” the company has in Bots... Over 10 years now
Today
You must be a failed statistician Donk but great at the rest - "Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. It is also sometimes colloquially used to doubt statistics used to prove an opponent's point."
How I wish TG would sue you for defamation!