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I think I speak for all who've had the immeasurable pleasure of reading your posts over the last few years, take your money and leave donks. Like Kenny Rogers said you have to know when to hold them, when to fold them, when to walk away and when to run. You should come out of your mums basement, stand proud and head towards the sunny uplands. Never look back. Having to post endless negativity day in day and day out over numerous boards must have been like a methane based albatross around your neck, an anathema to you given your otherwise sunny and positive disposition.
Obviously we'll all miss your terribly, but we'll struggle on, one day at a time.
Sounds like it is tantalisingly close then ….
I always said the beginning of 2020 was the end of 'certain' so I won't pin a 100% guarantee on this, but I think this is going to be very big. I'm 55 at the end of 2022, and I'm hoping this will give a boost to my early semi-retirement plans.
Good luck to all LTH
HB#2
Well one thing we do know is that the terms have already been agreed and the legal docs are being prepared by the financiers.
As with the PPA timescales are out of aTlou's control but I'm expecting this before Christmas.
Clearly the financiers are well up to speed with the project.
Hopefully it's a case of producing the docs, some DD by both parties and more signatures.
When listening to GG speak, he made it pretty clear project procurement delays had caused (cash flow) problems for Tlou. The PPA contract, signed today, allows potential funders to say either yeah or nay to lending since now they can see commercial terms offered in black and white.
My sense is this will still take a while to finalise - but one thing is for certain: with another quarterly update out next week, Tony has pulled another proverbial white rabbit out of the hat.
And by mentioning project funding is near agreed within a matter of weeks, today’s news allow him to swim smoothly through the quarterly update and beyond ……
And a few weeks after that is early December and then 6 weeks of nothing. Meaning we could well find ourselves still threading water this time January 2022 all too easily.
And equally, for once the company might be on the money with forecast timelines and we all adjourn into the 6 weeks of nothingness (except Smith’s irritating irrelevant ramblings) safe in the knowledge money to advance everything has been secured.
Do you take your money off the table or do you open the box / roll the dice again ?!
One thing is for certain - with this out of the way - presumably we are now the masters of our own destiny - at least in terms of project commencement. With funding apparently a few weeks away we should start ordering items and start ground work asap. I think then possibly the market will take notice - but then again...maybe not
I am going to wait for Smith to share his genius with us. Rather than have him critique and rubbish anything I have to say.
This should be good……
I guess some people have an investment philosophy of holding unloved shares for a few years and then selling as they are about to do well. Personally I'll be holding these tightly. The only way is now up and more news such as funding, poles and wires, and hydrogen should follow. The company might even be bought out one day.
Agreed EB, it looks like the market wants more than the agreed PPA.
Hopefully we will get some detail on the PPA soon.
Then we need to get the Finance signed off.
We need to understand what the finance conditions are too, I'm guessing there will be a reasonable amount of equity and the rest straight debt. If it's BPOPF (which is my guess) I'm sure they'll want to increase their holding..! If so what will the placing price be.
Anyone got any thoughts..?
quite bizarre given this is 20% under recent placing