Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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There is a clue in the subject line for anybody with half a brain , Moagi!
I am effed if I am going to spoon feed you - but here is an extract from ity!
You obviously study things like my not knowing what FID was being used for better than what TLOU have to say!
Explains why you only talk about TLOU on the subject of PPA, Funding and the everyday shareprice!
The rest of your posts are about me, MM or SIKO - and anything that you think puts TLOU in a badv light whether true or false, likely or extremely unlikely. I may be wrong, but your reply to Zippy's post struck me as being cynical! A euphemism for calling him a liar!
Here is the whole paragraph/sub-section .... one of many!
"Project Finance
Tlou Energy has been working with a number of parties to secure funding for the Lesedi project. The most advanced project finance discussions are currently with a very reputable Botswana based entity, who are proceeding to get a third-party review of the project as part of their due diligence process. Once this report is assessed an investment decision can be made by this entity.
The Lesedi project is proposed to be developed in two phases. Phase one involves transmission line construction, sub-stations, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 Km transmission line will run from the Lesedi project to the town of Serowe where it can access the existing power grid. Initial generation is proposed to be up to 2MW of electricity. Funding required for phase one is ~USD $10m which can be staged if necessary or prudent to do so.
Phase two funding is for the expansion of electricity generation up to 10MW. This is planned to include drilling of gas wells and the purchase of additional generation assets. Funding required for phase two is ~USD $20m. Upon successful completion of phase one and two, the Company plans to expand the project beyond 10MW."
See if you can find it in one of your comics because I know how you feel about online stuff and search engines! You owe Zippy an apology !
Date of that RNS ?
TOTAL MISINFORMATION.
You have conveniently left out the following paragraphs from the RNS.
The Lesedi project is proposed to be developed in two phases. Phase one involves transmission line construction, sub-stations, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 Km transmission line will run from the Lesedi project to the town of Serowe where it can access the existing power grid. Initial generation is proposed to be up to 2MW of electricity. Funding required for phase one is ~USD $10m which can be staged if necessary or prudent to do so.
Phase two funding is for the expansion of electricity generation up to 10MW. This is planned to include drilling of gas wells and the purchase of additional generation assets. Funding required for phase two is ~USD $20m. Upon successful completion of phase one and two, the Company plans to expand the project beyond 10MW.
More than reasonable question F2. They pulled in 4.45m aussie late March, spent 330k salaries, 401k admin and listing costs, and 528k on field activities in the next 2 quarters to end Sept. Total of $1,259k for the 6 months, with 5.5m aussie still in the bank at start of this quarter.
There are bound to be costs incurred for negotiating and reviewing the PPA and CN agreement with Pension Fund, which I expect we will see at end December.
So yes, they pulled in the money in the capital raise to further the TL, but they didn’t really spend much on that yet it seems.
My sense on why the share price has not responded to the PPA and funding news is - Lesedi is a Proof of Concept project and Tlou are planning to link up only an initial 2MW of power to begin with, scaling to 10MW quickly (gas flows permitting) given they are putting in infrastructure with capacity well above that.
But for now, the market is focussing on a small scale POC, probably 2-3 years before first or meaningful revenues.
The Hydrogen initiative is also a POC given Synmet are in process of designing a prototype - so that is probably a year away before being on site (Tlou have a history of being optimistic with their timing).
And that will need money and funding - more equity? More debt? So more cost and dilution before any revenues and cash flows….
Tlou needs to get heir head down now, hopefully share their plans in decent detail and then jolly well get stuck in and deliver !! I
Fish, we never spent that money.
We were funded for a further 34 months before we needed to satisfy ASX that we were worthy of our listing.
The truth hurts does it Moron - not you fidh.
We have never been in a better position than now by your reckoning! PPA and Funding in place !
I don’t need to mention how I felt about your view!
Everyone who has not filtered me knows!
TG is consistent - I don’t think he cared about PPA/Funding as much as having a long- term funding partner. He has that now!
What annoys me and maybe the reason other shareholders are selling is the company raised the funds to build the transmission line in March. I subscribed to that capital raise and the announcement said :
“ Use of Funds
The net proceeds of the Placing, along with existing cash, will mainly be applied by Tlou towards:
· Construction of a 66kV transmission line from the Company's Lesedi project to the existing electricity grid at Serowe, Botswana; and
· Field operating costs and ancillary equipment
The Company plans to commence work as soon as possible on the transmission line following award of tenders for the construction of overhead transmission lines and sub-stations. The Environmental and Social Impact Assessment for the line has been completed as well as route alignment and associated surveys.”
So the money was used for some other purpose and now they have borrowed more for the same thing.