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Bera could lead to a Bera two one day.
It is a shame I haven't listened to Donk a bit more attentively, he posted this in April , and has more to offer than given credit for (amidst abuse in the past, no so for a while tbh, he has changed his 'spots' of late.
donkey40 - 02 Apr 2020 - 12:35:25 - 8253 of 8266
CEO's third $Billion+ gas company in the making. - TLOU
Whizzer - the PPA is NOT a myth. Respectfully suggest you will gain nothing over next 2-3 months with your continued alarmist posting and how hopeless the BOD are.
The country is under lockdown so you tell me what exactly you think can happen there in next 30, or even 60 days?!
Re PPA - ALSF has been appointed as Advisors to Govt to negotiate the PPAs for Tlou/ Sekaname and the Botswana stakeholders (BPC, BERA, Ministries, others). Refer para 16 CBM of the Minister of Minerals Supply Speech in mid-March.
ALSF will need to ship their people in to Botswana in order to get people round a table. Those people will be unable to travel until the world is well past the virus impact. So sit tight and wait - unless of course you are just enjoying bashing the Board all day, every day....
They deserve it for their disingenuous behaviour up until recent months. What goes around, comes around ...
Thanks for the link Brad, an interesting read. My theory of an exaggerated demise of the BPC is dashed then!
In an email exchange I had with Colm earlier this week, he didn't seem concerned about the interim PPA, maybe surprising given the state of the BPC.
Hopefully it's OK to relay this: he said a review of the PPA had been carried out by BERA (Botswana Energy Regulatory Authority) and as there were no major issues, they have approved it. I haven't heard that elsewhere and I think that's very good news. Tlou now consider the PPA 'virtually complete'.
Colm also confirmed my view that having the PPA (even the interim) would lower the cost of capital for the transmission and generation infrastructure funding. So I took from that that Tlou are waiting for the PPA before signing for the funding (although Colm didn't specifically say it).
Hello Py, as you say the Sunday Standard seems to be the forerunners on this story.
Donk reported it on the ADVFN bulletin board and he has been warning about BPC not being in great shape for quite a while.
He likes the Botswana Guardian so I did a quick search for their view and came up with this from January - no doubt part of Donk's research into why a PPA has been so slow. I'll keep looking.
http://www.botswanaguardian.co.bw/news/item/4322-bpc-on-autopilot.html
Brad, if the situation is as bad at the BPC as that story said (it might be exaggerated, have you seen it reported elsewhere?) then surely it is 'too big to fail'?
I know nearby Eskom are in a bad way but hopefully the Botswana government would realise that they need the national grid up and running, and would step in.
Meddler , the values are not so different between the exchanges!
My first ASX trade taught me a lesson! I bought and the price went up to the tune of a grand profit on paper.
I sold for that grand and my profit was £11!
I asked TDW how come , and the showed my the FX rates on the dates of my buy and sell - bought on a weak FX rate GBP to AUD and sold on a weak FX rate the other way!
I keep saying this, the strong dollar accounts for most of the disparity! The market value in dollars probably has not changed much and is , like ours , down on the 9c a few weeks ago.
I'm quite happy the news of BPC collapse hasn't hit us hard - I thought it would.
Not sure what we are waiting for? Mr Moagi to agree the PPA on behalf of Botswana , or TG to announce alternative funding from outside Botswana.
Or BPC to to be rescued - which looks extremely unlikely!
I expect you are happy to pay a 30% premium as well eh DowntoEarth! LOL
57,944 shares! - I got more than that somewhere down the back of my sofa.
What a prat!
30%+ on 'lack of liquidity'
Oh, how we laughed.
You're having a laugh surely? Total Volume across all trades was 57,944. The only reason for the disparity between ASX and AIM is the lack of liquidity on ASX. When volume starts picking up, not just the price, that's the time to take notice.
It might be higher but it’s not exactly motoring though!
For sure - however I reckon the price action on ASX is a clue that news could be on its way. Let's see.
Ok minor as we’re talking dates, let’s have yours for next news then?
The cash call was a tongue in cheek comment, but next news is probably months away.
Morning Whizzer - How about some dates for us then - on next news and your cash call?
You both know as well as the rest of us that there isn’t any news coming anytime soon!! The Botswana government don’t want to help themselves. The next news we get will be a cash call, just to keep the lights on at this rate!
It does seem bizarre. Valued at equivalent of £17.4M on Aussie exchange and £13M here??
Definitely. And TLOU is headquartered in Australia and the Ozzie market certainly thinks so.
It’s been a long haul, but I’m hopeful we are at last about to get some positive movement upwards in the coming weeks.
Thanks meddler!
In fact TLOU ended at 7.0c on ASX, or 38%+ higher than the 2.80p just traded on AIM.
Excellent observation.
Trading at 6.90c, the AIM equivalent of 3.815p