Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
First Monday in May .. which is not always the 1st of May
I thought May Day was a bank holiday but got my 3 trades all at 2.055p
Thanks for the link Winni. I never realised people were so fond of gasholders.
Just found a German video on how gas is processed , stored and delivered.
The gas has so many processes at the various phases whether they are removing dust , cooling pressurised gas that gets hot , heating depressurised gas which is cold, or removing water that is absorbed in the underground caverns which are deeper than the height of the Eiffel Tower. no wonder it is so expensive? The plant in Germany is huge for the heating and cooling phases - each as big as the whole power station that I envisaged for TLOU / Orapa. The cavern is sealed limestone in the video - they impregnated the limestone with chemicals. The top 50 metres were a succession of safety valves.
It is one of their biggest plants!
https://www.youtube.com/watch?v=boWgnSmbMUg&ab_channel=Uniper
Https://www.mmegi.bw/features/the-audacity-to-be-a-unicorn/news
Maybe this is where Tlou's future lies.
They use Rolls Royce engines now to move UK gas round the infrastructure at pressure.
Brad .. might be the ear infection .. it can have quite an effect on you! Some of it neurological
I have had some weird experiences in the last fortnight.
My short term memory is awful and I remember old stuff in detail from tiny prompts.
The gasholder conversation was one short journey from thousands. I never followed up what he said at the time but it was interesting,
I shop at Lidl since Liz died. I park there , walk Poppy in a nearby park, and then do some shopping. For some inexplicable reason my last two visits ended with me getting lost in there.
First time I walked into a staff only area and "Can I help you " made me realise I did not know where I was! I finished my shop missing half the stuff I wanted.
Yesterday I got disorientated again, but this time the muscles at the front of my thighs were very sore and my feet seemed to be so heavy! I tried stretching my legs but whenever I did that I almost fell over backwards. Eventually I did fall!
Lidl staff were super -and got me a stool and a bottle of water and I rested for 10 minutes.
They fetched the things I could not find and I only had to negotiate the check out and madke it back to the car.
Next stop was the Coop for their superb frozen meal deal , 5 items for £5 for members (£6 for non-members).
Got to the check out feeling ok (I thought) but instead of 2 bags of peas and two bags of McCain chips I had 4 bags of peas in my basket! Again the assistant helped me (so I doubt was acting normal) by leaving her post to swap them, so very kind to me, I cannot have been acting normally?
All was well until I Poppy's gravy bones I'd bought earlier went missing until they appeared in the deep freeze!
The other oddity (that I am aware of) was putting peanut butter into a cup of instant coffee instead of milk?
I wondered why it was so black! I drank about a third of a cup before the scummy stuff appeared! Gross!
I have messaged my family with the ongoing history so if I lose my marbles completely there is a history for the medics. I also had a temporary ear and tooth ache for a couple of days. Time to see my Dr I think.
@ Brad this might be of interest to you..Maps the history of the old gas tanks in towns and cities
https://heritagecalling.com/2020/07/15/a-brief-introduction-to-gasholders/
Thinking about Orapa - if they merly require gas from us , and generate their own electricity from it then it seems likely they will need a specific flow and no more (unless they upgrade).
If that is so I am wondering about the cost of storage facilities for natural gas.
Thinking aloud , could Lesedi store CBM for the mamba to orapa pipeline during the day when solar is active for the Grid , and so that Lesedi cbm can be diverted to electricity supplies when Solar is devoid of the sun , and Orapa continues to operate from its reservoir of gas?
I believe in the UK e store masses of gas underground in labyrinth of pipes.
Many people believe those hude cylinders (e.g. near the Oval) contain gas - but they do not!
I think they contain water which mainstain gas pressure in those pipes, When the cylinder is lowe the volume of gas has dropped so the water level drops. Pressurise the pipes with gas , the water returns to the cylinders and pushes them upwards? When I was driving taxis a gas worker told me that - prior to that I thought there was a danger of them exploding in hot climates. Orapa is probably a comparatively small user of gas?
What are the chances of them building their own reservoir and TLOU merely keeping it topped up? I dunno.
The crucial factor in Africa is that the power is dependable,
How can industry operate if they lose their power supply?
TG is a perfectionist and I fully expect him to be targetting reliable energy supplies as a priority.
Will that be for 24/7 coverage? I reckon so otherwise Solar might have been higher in the schedule.
Once CBM is operational and paying for Solar panels to be added, TLOU will have to calculate how best to use the energy sources to optimise revenues and service. It is going to be interesting.
If gas flows support 25Mw+ on their own , we may not need Solar until TX version 2 is ready?
Winni, that logic has been there since Day 1 for Tlou and Botswana and southern africa. So yes i understand why you say they will likely move faster to embrace CBM as a feedstock for local power generation, the constraints that have played for many years just simply dont all disappear. That takes time, and in the meantime BC has signed 5 or 6 small scale solar PV projects for power generation as well. And BPC is not flush with cash, which means Govt of Bots is not flush with cash. And so progress will, as far as I am concerned, continue to frustrate all of us by being much slower than it logically should be.
The proverbial trickle building into a flood will take time imo ! A lot more time than folks here likely anticipate.
Once up and proven no government is not going want to be part of this industry .. with it’s opportunity to be a net exporter of power and receiving solid and consistent in country power supplies .. so it really don’t matter what the political land scape looks like .. IMHO
Https://www.mmegi.bw/news/the-agony-of-bdp-primaries/news
Gamalete: While initially the Gamalete constituency was expected to pit incumbent MP and Minister for Minerals and Energy, Lefoko Moagi, and former Minister of Wildlife and Tourism, Philda Kereng, in the primaries, the latter withdrew before she was removed from Cabinet. Now Moagi is facing newcomer Dr Derrick Tlhoiwe, a chancellor at DDT College of Medicine.
Tlhoiwe is a public health medicine specialist and is expected to capitalise on Moagi’s denting popularity after his stance in the landmark Balete land case last year. Moagi came under attack after he failed to verify whether or not Kgosi Mosadi Seboko of the Bamalete was telling the truth when she accused President Mokgweetsi Masisi of meddling in the Judiciary. Although Moagi later came out to state that he did not support the move to remove Kgosi Mosadi from the Pan-African Parliament (PAP), the legislator is said to be facing an uphill battle to win back the hearts of his tribe. This makes the race wide open.
The race is not wide open - he is out. Corrupt and a drunk and only in things for what he can divert to his pension pot. What they are not talking about is Jindal fiasco. Wait and see !!
As usual, you miss the point of the post.
Bot’s you bang on about dilution and the cost of debt.. This is the reality of building a business/ new industry from the ground up. How would you propose they funded it .. there’s no easy money or even cheap capital based on the risk of failure.
Your financial naivety is beyond belief . The true value of this business will be proven on how much and how quick they can get this up to producing full capacity for the gas solar field and then developing the other fields pumping gas to Opara etc etc .. it’s the big picture that will bring in the big bucks …hopefully .. and yes it’s a capital intensive industry but also one that will have many years of good return once achieved ?
I've been equally consistent, donk, in reminding you that there's no money trees out there. I've also never downplayed the chance of dilution, rather have accepted it as a fact of life.
We're on our way. Have a great day (like I am).
Shame because he dumped the Greens - like some of us on here - last two messages are green :O)
Shares in issue are 1.27 billion with roughly 200m more to issue to the Doc for his Loan and interest capitalised (and converted) and 150m to BPOPF for their loan and interest capitalised. Quasi fully diluted therefore is now running at around 1.6 billion (in the fullness of time).
Amazing how you make light of such large numbers. And to think I was scorned (and abused) when suggesting over 1 billion would be issued at a time when around 600m were in issue. You guys really have selective memories !!
However I dont. And I am consistent, unlike flip flop artists. Have a nice week ahead of absolutely no progress - now that the quarterly report is out of the way.
Any taken by Directors or large shareholders (over reporting threshold) would have been disclosed. Surprised you didn't know that.
So 16M of the 169m were acceptable, but absolutely no indication of how they were chosen?
Directors? LSE shareholders? BSE and.or ASX shareholders? It really does need to be more transparent ?
If the 16M are spread across multiple applicant/selected individuals/lottery winners or whatever went on here, then the percentage thresholds are unlikely to have been breached so no RNS will result.
1.2BN shares in issue is a happy number for me so I am reasonably happy that dilution has been kept down whatever the reasoning to get there. I hope we don't have any more of these convoluted placings which are a postcode lottery whatever goes on from here. It stinks!!!
ASX still 4.3c at close (2.25p) , LSE spread 1.99p to 2.06p for 5k shares on IG FP quote.
How long are UK shareholders going to give their golden nuggets away so cheaply?
With a matter of months left before the first generators are installed for the Grid the price should be way higher.
More easy fundraising just completed - 16m of the 169m remaining (out of initial 379m) shares placed prior to expiry of PP date. 60 per cent placed after 5 months effort; meaning 40 per cent not placed.
All things considered, i consider that a good effort by Tlou. But of course i would never admit that to Clooless. What is however perhaps relevant is the Doc decided further investment - at this point in time. He either simply dug in and said no more; or he (and TG) played a damned good game of 'chicken', by putting it up to BPOPF to commit more money to the project.
I guess it was missed by most that the Lesedi sub-station is taking until 3rd quarter to complete, which invariably means 4th quarter. Will delays push first revenue into calendar year 2025 I wonder.
Remember please - elections to be held October 2024. And whilst they should not affect Tlou's progress, somehow or other - they will. Basically Elections in Botswana are all the is going to matter there for remainder of this year. And personally I am interested to observe how SIK tried to interfere, sabotage, and usurp the process. From his new home base in Eswatini (or Swaziland) given the S Africans are moving this particular problem elsewhere - desperate men do desperate things.
Like take money from wherever it can be grabbed even if the coupon terms are horrendously unattractive. 10 per cent has a nasty habit of adding up to a nasty cost after a few years. But let's give the benefit to hindsight - since few here seem to have much foresight.
That's the last of the entitlement that are going to be placed. They must be getting debt finance for the rest that they need to get going! Might help the share price move up a bit now. First revenues are in sight probably up to 10mw ASAP and then some!
On 15 December 2023 Tlou Energy Limited announced an Offer.... for the issue of up to 379,629,948 new shares. The Offer closed on 31 January 2024 with applications for 32,554,360 Offer Shares, raising approximately A$1,139,403. The SUCCESS of this Offer equates to 8.5 per cent . Well Done !
Good weekend all!
"In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
BOTS 28th Feb 2024
Thanks again Brad for coming off-filter and clearing up all our confusion. The history lesson on Sekaname was as always informative although the original post was about Hydrogen.