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Well OB. If news on the PPA is reasonably imminent, the markets and insiders are certainly showing much interest therein. Ending the week at 2.3 pence. Poor old Whizz will be blowing off again come Monday morning.
Mr Smith, your post from yesterday about the options available to us given existing cash constraints... I'd go along with most of what you say in that post. My sense remains that investment will become (readily) available on one of two events materialising - Orapa comes off or the PPA materialise.
I do not see any investor parting with money for a hydrogen project - the value proposition is simply too risky at present.
On the chances of Orapa coming off or the PPA materialising then... I'm skeptical about Orapa - nothing happening in Bots seems to work 1st time round and it always takes ages longer than anticipated.
The PPA is a different story. I've previously posted here that I thought the PPA will materialise end June. Bots needs the power and they simply cannot continue to rely on SA's Eskom. It might not be exactly end June, but it cannot be far off now.
Initiating a Hydrogen Project with delivery into the private sector (H2, O2 plus pure C and products) will/would give the company a second route to market outside of the .Gov and public sector.
Works for me.
You are deluded Moagi - pray tell me what influence TLOU has over the BG and why if they have any they haven't used it already and have the ppa in place - that's why they have no control over their own desitny atm.
Yup - owned !!
https://drive.google.com/file/d/1bVvcuVMOjiHo0NXoM06RmRVhg-IvxjEV/view?usp=sharing
I'm guessing what you have written while I respond to your posts, I apologise if you don't address my posts and break the habit of a lifetime - but you do seem obsessed with Tony, me and MM - possibly our most respected poster judging by tick count - so you single him out! I reckon you are 5' short, and down the pub after 2 pints you'll want to fight the biggest guy there!
The whole pub laughs at you - like we do on here - and it is water off a duck's back with your bird brain! Go back to ADVFN before your subscription runs out!
Moagi find another board - you will raise the average intelligence of this board!
moagi you are clearly too intelligent for the whole board so just eff off and find some other site that matches your intelligence, or visit Madame Tussauds out of hours perhaps? Or visit The Terracotta Warriors?
Meanwhile the rest of will continue posting illiterate messages to each other!
Here is something to contemplate , given your penchant for blaming our bod instead of the real problem for no progress.
Google gives these two for starters...
"Coronavirus claims thousands of UK businesses | Financial ...
[Search domain ft.com] https://www.ft.com/content/5d198135-b38f-4512-b611-9f017f76929d
Some 21,000 more UK businesses collapsed in March than the same month a year ago, the first proof of the toll coronavirus is taking on companies. The 70 per cent year-on-year increase was.."
and
"COVID business: Nearly 100,000 establishments that ...
[Search domain fortune.com] https://fortune.com/2020/09/28/covid-buisnesses-shut-down-closed/
More than 97,966 businesses have permanently shut down during the pandemic, according to Yelp.com's Local Economic Impact Report. And it may only get worse. While many parts of the economy have..."
Start-ups are notoriously vulnerable in their early years - 10 years on TLOU is alive and kicking and is a sleeping giant. Any fool can see that - probably why you are so intelligent? Cos it is beyond you.
PS how many is that now you said you filtered me. Yet here you are....
Cranberries / Zombie / guilty pleasure .... you are totally hooked .... and you simply are unable to shake your addiction ....
You know it; I know it; everyone reading here can see it ...... Owned mate, totally owned !!
Way after your bedtime cuppa Ovaltine Brad......
Eddsy, it looks as if moagi has not got the message yet!
Not doubt everything is a pink elephant to him or he is harping on about the few shareholders who don't have the confidence in TLOU's future for some reason, and have taken a ridiculous price to sell up.
I know it is moagi , he is unique! I cleared the whole lot out a while back!
If you want me to see your tripe moagi, post as OB !
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mrmoagi
Eddie, my man. My agenda is to shine a bright light on a disingenuous management team that has lost their way. Force them to realise there is no Perth Pirates / Brisbane Bandits approach to getting rich quick in Africa / Africa.
Tony came; Tony saw; Tony thought he was going to take advantage and get rich quick. Guess what; he isn’t; we are not. There is one way to do this - and that is hunker down and do things the right way.
Not the opportunistic offshore Aussie way; but the let’s commit and bring value and enrichment and positive contribution to the lives of the African people where the (african) CBM resource is located.
And Eddsy - I have come across you and your type many times since 2017. You will go the way of all the rest; basically back up your own scrotum. Now please just go and disappear .... because your post demonstrates you clearly have no understanding of Botswana, or of CBM, so shoooo please .... just slink away into the same shadows you mysteriously appeared from .....
Smith, you must be really happy now. People to talk to; ability to occupy your hours, mind and days....
Talking your never-ending same same gibberish as to why TG is amazing, as to how he is totally on point; as in how nothing is his fault; as in how he will lead everyone to the Holy Grail; as in ..........
How come the share price is 2.25 pence.....
Oh stupid me, it isn’t TG’s fault. He took a pay cut, so he is absolved of any and all blame.
Maybe it is MM fault then.... After all, he simply has to be the most useless social media influencer and stick promoter of all time !!! The proof is in the outcome .... And the outcome is seriously PDA.
Pretty Damned Awful !!
Graham, I guess you're waiting for up to the deadline date for the options (supposing you have some)? If we haven't reached 4.4p by then (and TLOU do not extend the expiry date , if that is permissible) you won't the only one who will be thinking of backing out if they have not sold up already.
I find it hard to think that my Option B poles/wires + solar panels won't be installed by then IF the CBM route is not unlocked long before - and we don't win the Orapa gig - and Hydrogen hasn't been cleared for production!
The odss of everything failing to mature by then look to be comparable to Leicester winning the Premier League - and I defy anybody to say that any of the options is a pink elephant!
Any one of them will make us a viable business , and the other options will still be on the cards.
I reckon you are here for the long term Graham.
Tony is not a saint , ....... yet!
Why is it that Tlou attracts some of most stupid of people.
From what I have been reading Mr Moaning Moagi you fit nicely in that bracket. Your agenda is relentless and very transparent. I am sure most on this board will be glad when you have departed and infect another board. I rarely look in anymore as your constant Bull S**t is laughable.
Imagine, just imagine a CEO of a plc standing up at a shareholders meeting and saying: “at the end of the day, our future progress is not within our control.....”
Why is it that Tlou attracts some of most stupid of people.
tbh Brad I've lost track of who is saying what as my investment here is only £9K . As I'm in for the long term at about 3.6p, don't even log in here every day. I've set myself a timeframe of the end of next year for the ppa and funding to be resolved and will review the position mid 2022 wrt whether I made the right call or not.
OB, has it escaped your notice that sfa is happening in Botswana?
Only you and moagi would consider that TLOU are planning to restart work on d-day on all of these options
1. Pole / wires
2. Resume Lesedi drilling and full scale dewatering (#3 reopened)
3. Open Mamba for the pipeline to Orapa subject to us getting the work
4. ditto on the pipeline
5. Introduce solar panels at Lesedi
6. Use CBM power to create blue or brown hydrogen for 12 reason, 11 without bombs
7. ditto green hydrogen from solar
TG is so aware of costs that he will likely go for one of these 5 combinations.
A. 1 + 2
B. 1 + 5
C. A + 6
D. B + 7
E. 3 + 4
He will chose based upon the availability of funding, timings to expect a return on our investment and, in the case of E, whether subsidies are on offer to help with either aspect.
Long term all 5 might be expected , and there will be flexibility on which source of revenue we prioritise based on the price of gas, electricity or hydrogen! If hydrogen takes off as expected we might not have to expand the distribution to Serowe and concentrate on Orapa gas from Mamba (contract will tie us in imho) AND using Lesedi power (from gas and solar) to expand hydrogen production. If we are tied to 10Mw for Serowe it is not the end of the world.
Who on earth has more options than TG? Every avenue is open to him ONE OR TWO AT A TIME!
Self financing was always his intention - I really don't think some of you know what your shares are worth.
Careful Graham, you are agreeing with me?
I am not sure if they are lazy or being furloughed.
"Travel in Botswana
There is a nationwide curfew in place - with no movement of people, except those with a movement permit (for essential services), from 10pm to 4am.
Botswana is divided into nine COVID-19 zones and the Government of Botswana has restricted the movement of people. You will need to apply for an interzonal travel permit to travel between zones.
Travel within one of the nine COVID-19 zones, outside of the curfew times, does not require any special permissions."
At the end of the day, TLOUs future progress is not within its own control; it just has to sit back and wait for the lazy B**tards in the BG to get off their arses and get things moving. No point in progressing financing until the PPA is in place and other than tickling around the edges with poles and wire there is nothing they can do to change that. We all just have to WAIT and decide whether we are investors or traders; that latter should probably sell up as unlikely to see any return in the short-term. However; once the PPA is signed and the loan sorted then . . . . LIFT OFF and an 'investment' at this price will probably 10 bag within a coupe of years.
Dear Mr up above, please just give me strength to rise above all the BS in the world.
Financiers are financiers to make money. I am sure they would love to have TLOU on their books @ 100 pts above base rate or more! It is incredible that national tv stations are advertising a really cheap loan at 49%! £5 interest on a £100 over a month maybe?
I once worked at a finance house who targetted people who were unable to open a bank account.
The annual TV licence at the time was £7 so they'd give you one for 50p per week over 16 weeks!
£8 repaid on a £7 loan sounded OK to most of them? But at that time the Govt ordered financiers to declare the apr %. The loan was ever reducing week by week and was over only for 16 weeks, from memory the apr they'd needed to advertise was 287% - an unknown rate decades before Wonga and others! 10 times credit cards which were around 30% when they came out and were considered outrageously expensive.
Due diligence reports are holding up offers currently, and TLOU will only be talking to companies whose repayment rates are at sensible levels. Some nations are borrowing at negative rates - TG might be trying to get higher rates to make their money worth taking :O)
We are in catch-22 , they won't offer loans until we are functioning again, and we don't want their money until we are able to spend it constructively.
Wires and poles, and substations fitted the bill best because the work would be outdoors where social distancing could be maintained. But are the wires produced indoors and are the materials available anyway. And are the forestry boys working to cut down the pine trees?
A successful innoculation programme in Botswana is the vital element and has been ever since Covid struck! Hopefully Australia is going to be ahead of them so their travel restrictions are already lifted once Botswana reopens for business.
Dewatering in that time surely won't be so difficult with a few more wells possible?
And then the gas will flow as we hoped for a couple of years back! And we'll have lift off.
Agreed Dte, that's my take on it too.
I also think any party willing to finance without a PPA in place will want more favourable terms though that is just a hunch.
Not wishing to sound pedantic but TG stated that two parties are currently working through their internal approval processes and have not expressed a specific need to conclude the 10MW PPA in order to progress.
I read that differently to not requiring an award of the 10MW PPA. Who knows what requirements may develop prior to signatures.
That's probably the cinic in me, coupled with past disappointments tbf...
I think tlou are in a game of brinksmanship with the bots government myself, I might be wrong but it’s like tlou are saying if you don’t give us the ppa we will not start the poles and wires and you can suffer your power outages still until you start helping us out!
Also I don’t think they have ever been in talks with anyone else about finance, it just doesn’t take this long to sort, especially as we’re led to believe that these talks have been going on for over a year as per older rns and interviews have indicated!
If they were in talks with someone outside of bots then the funding would be in place by now! The truth is gilby only wants it to come from bots so we the shareholders are stuck in a limbo with no movement because he is not open to other options! IMO
Smith, does this mean that gas flows and gas composition are not important? They don’t appear so important to you, and of course you are always right. Legend in fact.
There is a great big question lurking out there somewhere in the ether - what is the real reason or reasons Why Tlou has not been able to secure the funding necessary to accelerate project development?
Like I have frequently said - what goes around comes around. It pays in the investment game to know your stuff, to remain healthily skeptical, to look beyond what one is being told at face value, and most importantly never trust a word from punters who are very clearly and obviously social media influencers and promoters !!
It’s getting ever closer to High Noon