Member Info for Appiamma

At the end of June it was 6% - end of September it's 16% - I made that 10% for the 3 months

Only 10% of the work completed in this quarter - if they keep that rate of progress up it'll be 2024 before they're done! Hopefully the extra rig will speed things up but they'll have to get their skates on and the predicted mid 2023 seems optimistic to me.

Can't see this being a major issue - someone stirring ****e no doubt. That said, I've found our promotion of the green agenda to earn brownie points very wearing . Storm in a teacup imo.

I saw this a few weeks ago on PH's site - and yes they looked like a young dynamic outfit with a very similar product to SM - but as I remember I couldn't determine whether they had built an operational unit yet.

Also of note on there was Botala getting their own listing away - no doubt due to PH's support - interestingly they have a higher MC than us now.

Grammar police hold fire - yes I have noticed

This was there explanation MM:

'Due to current worldwide challenges impacting financial markets, and in particular small cap technology stocks, Synergen Met have taken the decision to defer the IPO process commenced in May 2022.

Synergen will restart the IPO process when market conditions have improved. We will provide further information on the date and plans around this in due course.

As we continue to implement, develop and build our operational capabilities through successful private funding, we are committed to using our technology to ensure the continuous betterment of the global environment to support future generations. '

Does not really support your theory - but good luck to whatever private equity company is funding Dunks' and Gray's proposed remuneration for 2022

I have to say MFM that the prospectus didn't make a very appealing investment case imo. They were trying to fund the acquisition of a US plasma heating company too which seemed to be a decent business but had fallen on hard times during the scamdemic. Their G&A liabilities for the last 6 months of 2021 were ridiculous - around $6m if memory serves and a nett loss of around the same. I know we were supposed to provide some support too, but personally I'm not surprised they couldn't make the IPO fly.

This place becomes progressively more surreal. I suspect there are very few people looking in here on a daily basis MFM - every few weeks suits me or after an RNS; hence the lack of response.

As for SM, if remember the IPO prospectus correctly they had allocated around $1.6m of the potential 20m funds to developing the kit for us. It seems doubtful they will have the funds now. Our last update stated we were working with them to resolve this - I personally hope we don't direct any funds away from the TX line project in order to bail them out - I'm certain others will disagree.

I said some while ago that this year and and a decent part of next would demand a great deal of patience and the sideshows of Hydrogen and crypto would be unlikely to raise much market interest, my thoughts haven't altered in that respect.

The actual reality is Moagi that nothing you post here needs to be read and probably isn't. However, I can imagine as the project gets closer to successful completion you will become more and more frantic with your posts - which I take a good deal of comfort in. Looking back over recent posting history it would appear you may have taken a holiday - pity you didn't make it a sabbatical for a year or two.

Standard, slightly wooden performance from the chaps but good to see some promotional effort being made - not just online but in the captial too it seems. Long overdue imo.

TG made the comment: there is no doubt the gas is proven, no doubt it can flow and the only remaining question is how big the reserves can ultimately be. That's a bold statement but you would not commit to the TX lines unless you truely believed that I guess and the BPOPF must be convinced too.

I'd also like to see them begin to discuss the installation of some solar to coincide with the TX line completion, I think this is important for demonstration of full proof of concept. I believe SM needed it and I guess we could then spare them some gas then during the daytime - that would make Brad happy at least.

And what's your point Brad? The HoT was always for a prototype not commercial production! Testing the water and being involved with projects that could potentially create another revenue stream in the future is sensible - however that doesn't change a thing - the GtoP project should remain our core business goal, and an experimental hydrogen process with uncertain developement costs to make it commmercial, and in an uncertain market - at least locally - should remain a sideshow untill the business is better established.

Or Brad we could just burn CBM, and combined with solar make electricity, then sell said electricity for lots of money to a power hungry market of rising prices; it is the most logical and simplest solution to genertate substantial income, and has been the plan long before they even mentioned hydrogen - which now nonsensically you appear to think is/was the main event. Why do you think they expended so much effort over years to secure the PPA or designed and are currently building the TL - just in case it came in handy?! Hydrogen may provide options in the future, but for now they need to direct our precious and limited resources at completing the GtoP project and hopefully repay shareholders' trust and loyalty.

Haven't looked in for a while - doesn’t look like I've missed much. Maybe I'll implement MFMs filtering suggestion, but feel the better option is probably to just stay away and avoid the self-indulgent ramblings of Brad, nonsensical rantings of Whizzer and the boiler room antics, political musings and general unpleasantness from you know who.

As for the transmission line project it doesn't matter how quickly some here think they can erect utility poles - fact is the designers Mott McDonald and builder Zismo say the project will take 15 months - end of. They announced the contract signing on the 15th of March and stated (which I will assume to be the truth) in the quarterlies that work started before the end of that month – maybe 6 weeks in then. Not sure what folk want – an RNS per pole? I’d be happy with an official update on progress each quarter tbh. However, in amongst Whizzer’s ridiculous complaining he did make a valid point – that being the lack of project PR – if TG thinks it such a significant event where’s the promotional activity – a curious one imo.

FWIW I believe, even on the best open flat terrain, standard ground and taking into account the fitting of all the hardware, insulators, stays, anti-climb paraphernalia etc and assuming a normal working day – 3 poles tops or 2 to 3 hours a pole at best - fewer once they hit ubanisation - and at ~1000 poles that would tie in more or less with working days in a 15 month period imo.

As for your comment Brad about poles and wires possibly being a difficult decision – well I’m simply lost for words - I'd assumed our primary business objective was generating electricity

I’ll look in again in a few weeks.GLA

I agree mfm, but I believe the perception from many investors, particularly retail, will be - why tie-up money now when in all likelihood they can make it work elsewhere for 12 months, see how the land lies then and get in at a similar SP to today. I understand there may be other drivers before then, SM & Crypto, but personally I don't think the market will see them as that significant currently. Hopefully I'm wrong about that and the company, along with our new broker, will be on a mission to raise the profile of the various aspects of the project and its potential to a wider audience and the SP will respond positively. I shan't hold my breath though.

You appear beside yourself with excitement over this Moagi- all grist for the boiler room mill I guess and Ian Khama isn't the only one stirring the pot it seems.

No Brad - the options were there to incentivise shareholders to participate in the EO not some back-up plan - I'm sure many would not have bothered without them. As for funds with no dilution - well the second $5m US from BPOPF needed to complete the first phase, looks like it will be new equity to me - and will probably be needed by Q3/4 - let's hope the SP shows some enthusiasm before that deal is finalised. Also we have solar and the SM project/investment to fund, therefore funds from options would I'm sure have been very welcome and were factored in to the K1 report. IMO I think they clearly thought we'd be further ahead when they set the expiry date.

Another scenario is the BoD taking up their options regardless because they have supreme confidence that they’ll inevitably far exceed the strike price, and in doing so driving the SP up and incentivising shareholders to do the same. Then I woke up and fell out of bed.

Out in Oz but here too in a few minutes. Very upbeat and positive about things eventually beginning to happen. But also I liked the bit about our enormous gas reserves. What's another 15 months in the grand scheme of things!

I know share options offered as an incentive to employees can be extended because it happened with a company my friend worked for several years ago. In that case it was indeed because they were underwater at the time. Whether it would also apply to non- employee issued options I don't know and whether the case I mentioned was implemented on an individual basis or as a blanket extension I also don't know. Also I have no idea if Aussie regulations are the same.

If it is possible it would be a sensible thing to do imo and also beneficial to both company and shareholders.

https://www.proactiveinvestors.co.uk/companies/news/976103/tlou-energy-says-lesedi-is-just-beginning-with-potential-to-develop-project-into-hundreds-976103.html