Member Info for Appiamma

Lazy Liberum seem to have just picked up from where they left off in 2014. shorturl.at/byKY4

Also could Eric's recent frustration with the SP may be due to him getting nervous about a low-ball offer? Someone's bought up all this stock recently.

It's a possibility of course, but raising funds shouldn't always be a concern. It depends on the purpose, method and terms no? However, my thoughts were directed more towards EZ's recent obvious frustration, wanting better investor PR, better relevant instutional connections and to raise the company's profile .

Numis before. Tamesis (mining funding specialists) are an interesting appointment though

Morning Caposoka. The last corporate presentation stated that first sales would be 12 months from power line construction starting.; therefore you're estimate seems about right. Also I totally agree, this is the main event now

A decent update for the share holders, but also I think aimed at BDC as a reminder that we'd very much prefer to do this with them, but unless they remove their digit from whichever orifice it is currently located, we will do it without them.

Jeez I hate posting on mobile. To finish that post off: to remain invested if you've lost all faith in the BoD you have to have a cast iron believe in the project/asset. Belief that even they can't mess up such a good thing. I don't think that applies here, everything depends on their competence and their ability to pull this off. Without that confidence there is no investment case

Flowing gas, if that is your prime focus for investment, will not happen because of nature. It will depend on human interaction, in this case decisions made by the BoD. For me there is an argument to remain invested in a company you

Magnet, if you believe they have lied, been disgraceful and useless, why on earth leave anything in. There is no such thing as being locked in. Even if you've lost 90+% of your original investment, if you've think the company is that bad surely placing what's left with something you do believe in would give better outcome no?

Really there are only 2 choices when sitting on an investment that's badly underwater. If you still believe average down, if you have lost faith, get the hell out and try to recoup the loss elsewhere. You seem like a genuine investor so what ever you decide I wish you luck.

We? I'm only refering to you Whizzer. And the irony of your references to trolling and useful contributions is too funny, and displays perfectly your deluded character . That said these exchanges also serve no useful purpose here, so I will from now on leave you to your disingenuous ranting.

This quote has been attributed to Mark Twain and Abraham Lincoln but it's perfect for you :

'Better to remain silent and be thought a fool than to speak and to remove all doubt.'.

GLA

So? I'm pulling you up on your hypocrisy, not your uncanny ability to state the bleeding obvious. Oh and halfwit is one word.

Yep you probably do have to laugh - volume is way to low. Just like I laughed at your post on Tuesday about someone exiting when there was only 5 trades. Do you even think about what you post?

Yes it was a shame those impressive figures came out just after the original PPA was knocked back. The were lost in the disappointment and have never had the impact they should have

Magnet, personally I believe they are convinced there is a lot of gas there, and that it will eventually flow. I think the dewatering process has taken them by surprise, but this is not necessarily a bad thing; they don't have a crystal ball to predict this - every play is different. It just meant a change of strategy - a good one imo and one that demonstrates sound management and an alignment with shareholder concerns.

Firstly, welcome Magnet – I understand your frustration, but don’t write this off just yet.

You hear a lot on this BB about how the BoD has done nothing, how useless they are and how overpaid. Lots of comments of where’s the PPA, where’s the gas and where’s the funding. Many of these posts are fuelled by the SP performance and willingly disregard the significant progress the company has made. They fail to recognise the company’s strategy, how they are looking to minimise costs, keep debt to a minimum, navigate the immense bureaucracy, getting permits and approvals, building strong foundations without crippling the company in preparation for ultimately putting up the for sale sign. They demonstrate an ignorance of the technicalities of CBM in general and those specific to Lesedi, an inability to take a pragmatic view of the difficulties the company has faced, and rarely give credit where credit is due. TG has invested a lot of his own cash here – he will soon own 6.6% of the company - that shows commitment and confidence imo.

The company has effectively stated they have proved concept and they believe the project is now de-risked. With that in mind I see little reason to continue dewatering and wasting energy until we are connected to the grid. They are working with Mott MacDonald to design the 66kv 100km transmission line. A globally renowned specialist in hybrid energy projects, who advise the BG in their development of an energy regulator and work with BPC. This is very encouraging indeed and it makes me wonder how much input they had in our strategy development.

They have decided upon a staged pathway for funding and development. This is sensible. They are close to having everything in place to proceed.

1.They have the regulatory approvals for interim the 2MW PPA – they are waiting to meet the BPC to sign and this is not TLOU’s fault.
2. EIA approval for power station site and transmission line. Also, Serowe Sub-Land Board approval for transmission line wayleave application, subject to compensation agreements.
3.They have the electric generation licence (EGL) from BERA for the 2MW hybrid project at Lesedi for sale to BPC
4. They have the mining licence to produce gas until 2042
5. EIA approval for production all necessary upstream operations and downstream development of 20MW gas-fired and 20MW solar power generation.

Though progress has been slow, they have achieved much more than most would have. The power line I believe is the last piece that will fully unlock the full potential here, and it can be achieved relatively cheaply. We can install solar and start to generate revenue and unlock more funding to progress the project. At the same time drill more wells so we can dewater more effectively whilst generating power. The 10MW PPA will happen.

How far down this road we get before we are sold, I don’t know, but I think sooner rather than later. GLA

What have I added? Not much - but still more than you.

Why would do you think it was me? Because I call out your disingenuous rants for what they are? In my view, they are better left where they are, so others can gauge how rational you opinion is.

For the record in seven years on these forums I don't remember ever reporting a post.

I'd go and have a lie down if I were you Whizzer.

Well no nothing new - it's a quarterly update after all. If there had been any significant changes it would have already been announced would it not?

The comments on funding are not new either and there are pros and cons to both debt and equity. The staging aspect is sensible imo. Fund the grid link-up first so we generate income to service debt on finance for expansion.

There is no doubt the progress is turgid - but investment in Africa is never straight forward and the current situation can only exacerbate that situation. However, I will hold onto the comment that the project is effectively derisked, and that investors prepared to take a more pragmatic view and be patient, will be eventually be rewarded. Gla

Who knows, but after consolidation this is the nuttiest spread since Whole Earth peanut butter

The press and the government have scared the country witless over this. we desperately need some context and perspective before we flush our country down the toilet

Watch this: https://www.youtube.com/watch?v=dxLDJJb1_KI

And this: https://www.youtube.com/watch?v=Z3plSbCbkSA

Read this : https://swprs.org/a-swiss-doctor-on-covid-19/