Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No offence taken or intended NE - and I agree Chukkers , the timetable raised all our expectations and when they were dashed , TLOU produced some more to be questionable.
To my mind, it would be stupid to do it a third time , and TG has done just that by indicating the plan is to complete a tranmission line this year. The emphasis is on the word 'plan' , he is recognising it needs financing to go well, it is not a promise (but neither were the previous timetables to be fair).
He is certainly not stupid, so it is that third timetable (albeit a single item) which makes me believe the talks about financing are not as gloomy as many fear. To have a chance of completing 100km of power lines this year suggests talks will not not takes as long as the dewatering might take from here.
I hope it is not Sertraline that gives me my confidence in Tony.
He is undoubtedly a bit of a salesman but unlike most salesmen he knows the product he is selling inside out from a working lifetime in petrol and gas at a very senior level. And his success with gas is 100% on previous ventures.
I may not need to worry for long - the two senior schools nearest my home were both closed today due to the risk of coronavirus. My BP today was 96/61 which my machine is normal.
So it looks like it is working and because I was out of bed and sat on the settee.
brad based on what i have read assessing how long should it take to dewater any given coal bed methane seam has been rather difficult in the past. the issue is the bod gave out information that indicated flow rates would be commercial by year end, i think that was a bit foolish of them..i assume many traders bought in on that in hopes of selling on a spike, after a few delays it is working against us now with those same traders selling. it is annoying but i dont think the bod should have ever given a timetable on possible commercial rates
Chukkers, there is little doubt TLOU believed #3 and #4 would be enough.
Expectations clearly fluctuate with the gas flows but I recall TG going as far as saying he was 100% certain at one point last year. Colm has been confident too. Until dewatering is complete their hopes could or should be high. I'd hate to be alone on that.
Strata-x are higher than us on ASX 6.2c v 6c btw. No trades yet on either.
4 filtered messages are threatening my string, so I'll break them up :O)
Chukkers, do you not agree with my affirmation then?
i.e. TLOU are now concerned that getting certified flows is going on so long, it is in danger of challenging their timetable for 2020. A foolhardy company could just pray it will come good and risk deserved criticism if it goes seriously wrong.
TLOU have now prepared us for that eventuality, and outlined their contingency plan should one be needed.
Plan A has definitely not been abandoned, Plan B will definitely be challenging to raise finances by Q3.
I am expecting Plan C, a bit of both. PPA will come good later than planned, closely followed by short term finance, leaving long term finance to be sorted from a more secure base than Plan B in isolation.
Time will tell.
i wonder how aware the bod was of dewatering *issues* although i wouldnt really call them issues, was it on hope they went and thought 2 pods would be enough? if they were aware and the birds were singing loudly enough in botswana would explain the selling here!? the problem now is the risk of no commercial flow rates yet is gonna be present for a longer time, i am pretty convinced they gonna need more wells, it seems unlikely they would put it in the rns otherwise i think. it irritates me a little as i had the thought this dewatering was gonna be all done by the end of 2019. its either the bod was being misleading or it is really that unpredictable if the later they should have never put out when they expect the flow rates reach commercial rates as i am sure a lot of traders/investors feel mistreated and it has damaged the bods integrity if only a little. i am still in here and till the end
I'm still buying and it is working well.
My third buy in February qualifies my March trades for IG's frequent trader commission of £3 a trade!
Not only is it only £3 but they permit credit card deposits - so I get 0.5% cashback on the capital.
So add that to an interest free loan of up to 2 months or more and it is great?
Not so great is that my bank account is not as healthy as I'd like so the short term loan from there to my broker is becoming longer term but I am forever averaging down so the rewards will be wonderful as long as Tlou pull the rabbit out of the hat eventually.
brad if this keeps dropping soon we will be valued equal to strata x lol
Pot and kettle spring to mind there brad. I did sell half, which looking at it was wise, you on the other hand were out then bought back, then bought some more, hows that worked out for you?
You've never been sure about anything Whizzer.
You post you are out but you are not.
I was going to post a message asking I was going to be able to match Jermaine Defoe?
We've got Jermaine Defoe,
He scored ten in a row!
Ten consecutive matches when on loan from West Ham to Bournemouth as a boy .... a legend.
I am not expecting anybody to admit selling up to £30 worth of shares ..... pimp and dimp people?
Nobody was posting anywhere for 12 hours or more - I thought I had not been invited to the 2p party.
Cat has got your fingers instead of your tongues I suppose.
The price is a bargain - shame so many are too scared to pick up on it.
Is this the tlou thread or the brad smith thread? I’m not sure anymore