Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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No worries Brad
Worth keeping an eye on what is being posted to twitter where Sasha Sethi, the company's IR man, regularly posts updates.
These are what he added last week to give colour to that RNS:
#TLOU .1/ To add some additional context: The Ministry is in a way acknowledging that this has gone on for too long and that they want to get TLOU started ASAP. A public declaration by the Ministry with some not so subtle messaging here (in #TLOU’s favour)
Sasha_Sethi
@WrightmanAIM
·
Feb 20
.2/ In case BPC need additional time to get head around PPA (they are technically only used to coal) then government is supporting workaround here to get #TLOU into the grid. Once they are into grid much of process will become irrelevant as Botswana need as much power as can get
Sasha_Sethi
@WrightmanAIM
·
Feb 20
.3/ At end of day BPC report to Ministry who are very onside (BPC also supportive). Pathway is being cleared. Must appreciate that this is only a contingency workaround should BPC declare that they need more time. It is still possible that a full PPA could be granted this quarter
https://twitter.com/TlouEnergy/status/1230390058613604352
Another is for if!
if new investors cannot spot the wheat from the chaff!
MM I reported your 13:43 post as Other - and pointed out that LSE had missed the RNS.
I should have stated my memory is so rubbish, I could waste hours looking back through their history to find it a some future date? i.e.method in the madness?
Does it matter BTS?
Just the fact they are starting work on it is the important thing imho.
It might trigger similar progress on the funding from other Botswanan bodies.
Tbh, I expect both will just be preparing the preliminary bumf until the new advisors are in situ to choose the meat for the stew.
That is the other benefit - some urgency to put their names on their office doors/desks!
I have had jobs where I had to work 3 months notice - it could be something as simple as that, wishful thinking? The finance is most important , if only to shut the doubters up! All this talk about a share issue is alarming is new investors cannot spot the wheat from the chaff! Chavs is the plural if there is any justice in this world?
Brad
This is the BG we are talking about.How long will it take for them to get into discussions about a temporary Power Purchase agreement.Weeks Months longer.
The RNS of last Thursday detailing the Minister's project-supportive statements is still not showing on LSE. So here it is again:
The Company has received written confirmation from the Ministry of Mineral Resources, Green Technology and Energy Security (the Ministry) of its support for the ongoing tender process. The Company looks forward to working with BPC and the Ministry to finalise the Power Purchase Agreement in due course.
Further details of the correspondence received is as follows:
DEVELOPMENT OF A MAXIMUM OF 100MW QF COAL BED METHANE (CBM)
FUELLED POWER PLANTS IN BOTSWANA BY TLOU ENERGY
The above subject matter refers.
The Government of Botswana is committed to seeing the successful negotiation with your company on the Power Purchase Agreement (PPA) for the supply of electricity from your coal bed methane (CBM) project.
We are at an advanced stage of finalizing the contract for the engagement of the Transactional Advisors/consultants that will assist with the negotiations of the project agreements. Recognising that this has taken a long time, and to demonstrate government's commitment, we have agreed to get into discussions for a temporary Power Purchase Agreement that would enable your organization to provide power on a pilot/proof of concept approach while negotiations for the full PPA are ongoing.
Botswana Power Corporation (BPC) has been charged with the responsibility of driving the discussion and signing an agreement with your company, subject to the necessary approvals in the BPC structures.
Thank you for the fruitful meeting we had with your company and BPC early this week, to commence the discussions on the temporary supply arrangement
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
By Authority of the Board of Directors
Mr. Anthony Gilby
Managing Director