George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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https://drive.google.com/file/d/1jTzYct2Ca7RIVF-ID7INHtEbiGHWWn0F/view?usp=sharing
Where there is a will?
Hey Theosus - I'm not sure that I was trying to give any impression - simply pointing out that chat about head to heads etc was somewhat misplaced given that it is a virtual conference.
However.....
Being analytical you will surely have noted that my recent post of our Minister Moagi's recent comments was from his opening address to last week's African Mining Summit, itself a virtual event, and hence that I still see value in such 'gatherings'.
https://www.youtube.com/watch?v=GrfWkI9Uok8
(cough)
Africa Energy Forum 2020
Event
Dates: Tue, 20 Oct 2020 – Fri, 13 Nov 2020
Status: no in-person attendance
Py, I suspect it could be the dates that we agree to deliver on? I cannot see the value of a PPA that is open-ended delivery wise, and nobody knows for what delivery dates are possible, far less probable, and even less , certain!
"I promise to pay you £100" is a useless IOU without a "by date"?
A PPA would be the same.
And from there , what use would it be to BDC for the funding?
Brad - Mr Moagi does seem more pro-CBM (and just more pro imho!) than his predecessor but I have to wonder how much influence he has when the interim PPA that he asked the BPC to arrange with us is still to be signed. Hopefully nothing more sinister than (para)state inefficiency and/or the impact of Covid. Stating the obvious maybe, but getting that signed will be a massive boost to Tlou, will enable better terms for funding and should (imho) see a rerate. Fingers crossed, since April!
Thanks Theo, I see Mr Moagi and Edward Rugoyi, Acting CEO, Botswana Power Corporation, Botswana are attending, and the minister is second on the list of speakers.
Let's hope they have a few tete a tetes over the period, formally and informally!
Py, here is one snippet that I don't believe is common knowledge.
Mr Moagi was a miner - explains his attitude pre-Xmas - a doer !
It pleased me that TG's belief that Mr Moagi is wholly behind us is extremely likely to be true.
"Moagi was taken for a tour at the world-class mining plants in Orapa, the diamond treatment plant in Letlhakane, as well as Orapa Hospital. He was briefly taken through some of the processes at the mines. A former miner himself, who has worked for Debswana, the Minister had a lot of insightful questions and comments, and was delighted to see that the company has over the long term managed to remain efficient, while improving its operational processes."
Glad I posted it for your sake Py, but I really wonder why I bother!
I have a few other lesser articles that I never posted. Everything I read supports TG's philosophy on phased production and everything else.
MM is in a world of his own, along with his merry followers , not one word about every topic under the sun (on power in Botswana) in that article - and MM still concentrates on the solar aspects. "in ground" is close to recognising CBM's importance but he and Donk are the same - so far up their own backsides their heads are coming out of their mouths!
Neither saw anything worth commenting on - it is unbelievable!
I don't understand the climb except there are so many shares that are vulnerable to Covid policy. In comparison TLOU is relatively stable , nothing much has changed and we are still as likely to succeed as we were before Covid imho.
The timing has been affected for sure, but we never knew the timings in the first place!
Great article Brad, thanks for posting.
"But government also needs to be decisive and move much more quickly ... the current invitations for IPPs to provide electricity from solar and CBM sources are moving at a glacial pace." - so true!
If you have the time to read this article, it is highly recommended!
I take issue with [4], which estimates the cost of CBM as 1.2 USD to 1.6USD per kw/h!
TG has made it clear that TLOU expect to receive up to 30c (not sure if he meant AUD or USD) a quarter or even less than [4]. One of the attractions to Botswana was in Australian , he expected only 10-12c per unit plus excessive red tape which has arisen since his previous successes at Arrow and Sunshine down under.
There are too many interesting points throughout the article to do a precis - please read it!
It puts solar into perspective from a neutral point of view imho.
https://www.kantras.com/post/feature-botswana-s-options-for-future-power-generation-introduction