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of course they are not going to replace coal anytime soon,its obvious , this does not mean they are not aiming to use coal bed methane.
Sorry, MM , please call me Britney (Oops I did it again .... relied on short term memory from another thread whilst replying).
DTE did not supply that link - Just Scott did
I haven’t, but what else can they say that isn’t in any of the rns, they used to say that they’d make us shareholders a lot of money when in reality we’ve all watched the sp collapse. I think they worded it wrong, they meant to say that we the shareholders would make them rich! Most long term shareholders will sell up on any positive news in my opinion, and who can blame them as the wait for anything material to happen here has been awful!!
Independent Power Producers being seen as the solution to South Africa's ESKOM nightmare. TLOU aiming to enter the SAPP and gain access to the South African market just over the border.
Improving access to affordable electricity is a key deliverable that we are investigating… Whatever they [IPPs] might have available, we want to know that so that we can become self-sufficient so that we don't rely on Eskom so much and get rid of this load shedding nightmare.
Dan Plato, Mayor - Cape Town
http://www.capetalk.co.za/articles/375351/cape-town-is-ready-to-break-free-from-eskom-and-end-its-load-shedding-nightmare
You may be right DTE, but who knows if we will get shares in a major miner (MM's bigger brother?).
I started investing to beat to the lousy bank rates for savings. A windfall will be welcome if it happens, but TG is possibly going to see this one through to retirement? I thought Chris Fraser might do just that at Sirius mind. But Tony is not remotely like CF.
To be fair to DTE, he is not really a fraud.
A fraud would not have supplied the link to the article.
And, before Donk says I am infatuated with sp (quoting ASX prices ad nauseum) - it is not the price that interests me it is the trend.
A rapid movement will be triggered by that old diamond - flow rates! (Up or down).
Brad,
If the SP doesn't interest you, you're investing in the wrong company. Assuming the company turns out to be a success, you won't see dividends from Tlou, it will be sold off.
"the share price. After all that's all investors are interested in."
You are so wrong DTE! The sp does not matter a jot to many older investors!
I'll speak for myself , but I look forward to seeing dividends one day and my offspring having a valuable asset.
If I live long enough to see dividends I'll consider myself doubly lucky!
The sp only matters to the gamblers who have an ante here rather than an investment.The sp is similar to my house price - valuable but an immaterial value unless I sell .
"He said 'the country was also making strides with the development and adoption of renewable energy such as solar and coal bed methane, BUT THESE WOULD NOT REPLACE COAL ANYTIME SOON.'"
HS2, ELECTRIC CARS, DIESEL TRAINS, ELECTRIC LIGHTS,ALL MODERN MEDICINES did not or will not replace their forerunners soon, but it does not mean they won't or haven't. Penecillin, tilly lamps, steam engines, diesel and petrol cars still abound and may never disappear entirely - that is all that sentence implies DTE! In the case of Coal , countries that don't have a looney in charge are extremely unlikely to build new coal fired power plants , but many are saddled with them for the indefinite future. Nuclear is much the same, even if there are cleaner options, cos decommissioning isn't that easy.
Whizzer's moaning about the lack of information is akin to him not being able to give me the time or price of a ticket on HS2 between any 2 stations! Unless he has a De Lorian with a flux capacitor.
DowntoEarth
You deliberately added quotation marks to a piece of journalism to try and mislead this board. That is fraud. You are a fraud.
'Your fraud' or 'You're a fraud'? The journo was quoting the minister so I can't really see it makes any difference, the minister said it, end of.
Interesting that you didn't address the scenarios I put out with regards to immanent funding and how it may impact the share price. After all that's all investors are interested in. I don't think it's decent of you to put 'Strong Buy' on every post you make, encouraging people to buy, when I have given reasons why I don't think the price will rise significantly until the two issues I mentioned previously have been resolved. Hardly a fraud!
I'll be honest, up until the last RNS I had 1 million of these shares, sold the lot on the day largely due to the following statement:
'The Company is operating in a region where commercial CBM had not been produced before so there is no comparable data from this operating environment regarding how long it may take, or if it is even possible, for a commercial gas flow to be achieved.'
It was the first time that the company contemplated if it's even possible and showed a change of mindset. That is the official company line, not a positive nod and wink, a random tweet or some little chat from the receptionist at IR.
My strategy is that I reckon I have plenty of time to buy my 1 million (maybe more!) shares back again without worrying about my investment, unlike you, who's constant links to any tenuous pieces of news and constant 'strong buy' recommendations show that you're seriously underwater.
So, given that you tried to fraudulently pass off words as the minister's own, and are now clearly de-ramping, we can see you for what you really are, DowntoEarth - a short.
I like that very much, knowing what I do about the company from my researches.
You forgot to admit to your fraud.
You forgot to add 'Strong Buy'
What I don't understand why anyone would buy Tlou shares right now. Assuming they get the $30m in the next 5 to 6 weeks, that funding will not come from 100% borrowings, but a decent chunk (maybe 20%) will be by the way of equity. The price of that dilution will be at best around today's SP, so there is potentially 200 million additional shares valued at 3p. If they don't secure their long term borrowings by the end of March, it is highly likely there will be a short term fund raise at this level to appease ASX.
I suppose if they released an RNS in the next few weeks stating that gas flows are commercial, the SP should go up significantly, but convincing investors to purchase equity on or straight after a spike will be highly unlikely. They are going to want 'mates rates' and buy in at this level before any news of commercial gas flows are released.
For me this could be a great investment once the two elephants in room have been addressed, funding and commercial gas flows, until that time it's a gamble not an investment.
Hey Whizzer!
Did you ever contact the company for guidance/info/reassurance?
They’ve been doing the same for 2 years! And here we are still waiting
DowntoEarth
The meaning is that CBM is targeted for 100MW in stages. Coal generates a nominal 600MW at present. Furthermore those words were the words of a journalist, and not a quote from the Minister himself. You have added them yourself for effect - and that is fraud, you fraud.
MM,
In your haste to cut and paste selective text from the Lefoko Moagi interview, you chose not to include:
Worldwide, major project funders such as the World Bank, International Monetary Fund, African Development Bank as well as numerous large commercial banks have cut back or stopped financing new coal projects in line with global commitments on reducing carbon emissions.
AND
He said 'the country was also making strides with the development and adoption of renewable energy such as solar and coal bed methane, BUT THESE WOULD NOT REPLACE COAL ANYTIME SOON.'
Whizzer my friend, have you trued contacting the company of their IR guy recently?
They are giving out very positive steers on across the board progress right now.
I think most long term holders here are sick and tired of the same rhetoric from the bod for the last 2 years with nothing to show for there patience, except a decimated sp. the bod have to produce something before the end of March
As the company have let it be known, the longer it takes to de-water at Lesedi, the larger the area being drained.
The larger the area being drained, the greater the permeability and volume of gas.
The greater the volume of gas, the more valuable the resource.
Given that they company have also said that the wells are de-watering in line with expectations and as standard for a new gas field then each day the value of the company MUST be rising. Of course we are quoted on AIM so each day an impatient or two walk way, leaving bargains for those of us who are not.
No arguing over the length of time from drill to now re gas flows. Never anticipated it being so long.
Regarding 'hiding the truth' that's only if you choose to believe that there is something to hide. The truth, if you believe the company's announcements/interviews, is that dewatering is still continuing. There have been no reported problems and commercial gas flow is expected.
People are leaping on 'time taken' as 'something to hide' which really goes back to 'its not happening in the timescale I want'. Joining dots together that are just not there.
Reality is sometimes dead simple, it will cost us plenty if they mess up the complex operation of dewatering.
Time enough.
Excellent news. Just not cause much of a re rate yet again.. At some point this must get noticed
The Minister in charge of TLOU's CBM project PPA has outlined the large amounts of funds available for Botswana's coal and coal-based resources, including from our preferred funder the Botswana Development Corporation.
In company and company reports have it that TLOU are awaiting the final term sheet right now that unlocks $30m of development loans.
**
Mineral Resources, Green Technology and Energy Security minister, Lefoko Moagi says contact has been made with funders and other wealthy investors who are potentially interested in helping Botswana exploit its estimated 200 billion tonnes of coal.
The minister told BusinessWeek bankers at the Mining Indaba, which ended last week in Cape Town, had responded well to Botswana’s plans for its mammoth coal resources.
Worldwide, major project funders such as the World Bank, International Monetary Fund, African Development Bank as well as numerous large commercial banks have cut back or stopped financing new coal projects in line with global commitments on reducing carbon emissions.
In Botswana, government and other quasi-government bodies such as the Botswana Development Corporation, have taken up the role of funding coal projects, as the country pushes ahead with unlocking the value of its massive resources.
“There are banks which confirmed to us at the Indaba, commercial banks, that they are still looking into these coal projects, on the merits,” Moagi told BusinessWeek.
“They will look into how green we want to pursue the projects and they will consider financing them, based on the greening of the exploitation.
“Apart from banks, there are people awash with cash who want to participate and this is their space and their time.”
It is understood Chinese players are amongst those interested in helping Botswana exploit its coal resources, while the United States has also indicated its readiness to partner. Canada has also resisted efforts to close the door on supporting coal and is instead focusing on supporting coal-transition efforts.
HE SAID THE COUNTRY WAS ALSO MAKING STRIDES WITH THE DEVELOPMENT AND ADOPTION OF RENEWABLE ENERGY SUCH AS SOLAR AND COAL BED METHANE...
http://www.mmegi.bw/index.php?aid=84443&dir=2020/february/14
There is no hiding the fact that tlou need to release some positive news in the next 5 weeks regarding funding or if not they are going to have to come back to the markets and raise again, which will be a disaster. There’s only so many times the bod can come out with we are close ( tantalising close ), what is close 1 week, 1 month, 3 months, 6 months! The not knowing any details is killing this share. It’s all turned into a complete farce. We can’t be that far off of it being a year since we first started drilling the production pods and we are still in the dark regarding flow rates. Hiding the facts from the market is why the sp is where it is. Tony gilbys next rns needs to be extremely positive to save this company.