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Hi Brad
Just popped in first time in a while nice to see you have not forgotten me.Still sitting with fingers crossed hoping to get my money back ha
Until news this unfortunately is going to make lower lows and lower highs! The chart looks horrible at the moment. Needs decent news to get going. I don’t think this will move much when they announce funding because some of it will probably mean the issue of more shares IMO!
Previous spikes have been followed by a slow decline, like a slow puncture. I'm sure there will be a spike on confirmation of funding, plus it may trigger a few 'orders to open' trades. After that, not sure. If the funding is from the BDC then I think there is a due diligence process that has to be followed before the funds are transferred. In that case there may be a slow decline followed by another spike when dd is complete.
I'd keep an eye out for what various investing sites are saying, and if there is a re-rate for the company. I'd say there should be post-due diligence as they will have the funds and approval to bring their product to market via the power line.
From the interview I got the impression that they were going to continue exploration after they have connected to the grid rather than concurrently. That surprised me although it may be a funding issue whereby they can access lower rates if they are trading even just a small amount of power.
If they ultimately want to sell the business, it will then come down to reserves. They will have licences to produce and sell, will have it set up to do so, so all that would be left is to show a good estimate of what it in the ground. So we could be looking at 2-3 years for a sale (although a major might offer early, take a risk and buy cheap) but I'd expect the share price to climb along the way as there is more certainty of Tlou being a viable business so may attract some investors with deeper pockets.
Morning chestermikeb, I personally can't see how the sp wouldn't increase more than it did after the agreement of the Interim PPA tbh.
I also emailed Colm a week or so ago and got much the same reply as you Thornback.
I do now believe that they will get a deal signed, but I am not sure how soon. However I believe it should be within the next couple of months...not basing that on anything other than gut feeling and the fact that it is the only thing that matters to the company now, and they will be pushing from all directions to achieve it.
What are people's thoughts on what the SP might do on a successful deal being struck? I realise it totally depends on the terms of the deal, but surely any funding deal at this point should push the SP way higher...it needs to if I'm ever going to see a return on my investment anyway.
Hi Brad, I must say I took some comfort from it too.
I've also made contact with tlou directly and they don't forsee any issue with signing the "agreed" interim ppa and are pushing hard for the "right" finance deal. They are not willing to take a bad deal, tlou are obviously aware of the huge potential upside of this project should everything go to plan.
There's no doubting it's a complex and there is much to do but I'm happy to watch this develop. I guess we all need to make our own call as always.
Fingers crossed.
Thanks Thornback. Nice find and hopping around gives an instant response.
Nothing in that interview has changed my mind - looking for a backer who'll be there for the long term, i.e. expansion after expansion for maybe decades, makes perfect sense.
We are experiencing how long new financiers take to sign up, we don't want repeats every time we open new wells, generators and transmission lines.
And if he wants a very long term partner, he does not not want shareholders to be paying over the odds for ever more!
He also wants a local company to be responsible for installing the power lines because it minimises delays on the workforce due to covid.
A couple of dozen applicants sounds amazing, there will be a few con artists amongst them , so I hope GG will be up to spotting them if the other board members cannot meet them.
Site visits from the other possible backers will also be down to GG I guess.
That is why I am in no hurry to see us committing ourselves quite yet.
BDC is the obvious partner - they will be as keen to see expansions as we are!
Phase 1 is piddly, I reckon TG could finance it out of his own pocket, £3M to £5m , but he is a forward thinker and wants to establish TLOU on a firm basis from the off, that seems clear to me!
So he can sell up at a decent profit? Maybe, but who knows. If he does BTS will be sorted with the rest of us!
https://www.boardroom.media/broadcast?eid=5f72b8e4ffe5d60019a5aba2