Member Info for Appiamma

At least we appear to be dewatering faster than it can evaporate

https://twitter.com/TlouEnergy/status/1422812804093038597?s=19

I believe they changed the rules on short position declaration earlier this year from 0.2% to 0.1%, but they normally only publish those over 0.5%. That said I'm pretty certain any UK Tlou shorts are exempt from these rules, and I've not seen anything on ASX declarations

Hopefully we reflect the gains down under today - currently at 8 cents +77% and significant volume. Gla.

Yes I did note that MM. I wondered whether it was due to them relinquishing their 21% of the Serowe project in exchange for a stake in the newly floated BotGas company. In such a case it would be Botala that would need to renew any agreement. PH2 do seem to be more focused on their home projects. However, I'm sure you have more information than I do. Either way there seems to be a desire from all the players involved here to follow a very similar path of development and I don't think that's a coincidence. To make my second musical reference of the morning, let's hope the road is not too long and winding. Atb

I find it interesting that we now appear on a course of direct competition in the Botswanan hydrogen race . PH and Syn signed an almost identical term sheet to ours back in April. They are polygamous it seems.

https://purehydrogen.com.au/wp-content/uploads/2021/04/2021-04-06-Pure-Joins-with-Synergen-to-Produce-Hydrogen-and-Carbon-Products.pdf

Also it's interesting that not only are Syn looking to have an IPO this year, so are BotGas, their Serowe project JV partner, currently on the second well of their 6 well programme.They all want to raise funds.

https://purehydrogen.com.au/wp-content/uploads/2021/07/2021-07-15-Pure-to-Take-19.99-of-Botsgas.pdf

An interesting comment from the second announcement:

'Pure Hydrogen and BotsGas are also pleased to confirm that they have executed a Term Sheet to establish the Serowe Hydrogen Hub renewable energy business targeting 50MW power generation. Hydrogen and solar projects and other green energy projects are being considered with the JV drawing on Pure Hydrogen’s established partnerships and operations in the Australian hydrogen sector. The Hydrogen hub contemplated for Botswana is expected to be one of the largest in Africa. Pure Hydrogen will provide Hydrogen support for the Project which will be eligible for several financing programs that apply in country.'

So it seems there will be a proliferation of prototypes winging their way to Botswana. Is this a race? Or, in the words of Ron Mael , is it a case of 'this town ain't big enough for the both of us'? Maybe we'll end up as one big happy family - who knows. However, the comment about qualifying for financing programmes may be a clue to our recent redirection. If nothing else it gives us something to talk about. Gla

On the back of this news I've taken a few more today, averaging up from a fairly low level. Never particularly liked the concept of an executive chairman and I liked the underlying positive tone of the RNS and believe the new CEO can really drive this forward. Gla

I've never understood the notion of being locked in. I've taken big hits on stocks when I've lost faith because I believe no matter how little is left it can still work better for me elsewhere. What you're really talking about is FOMO. If your gut is telling you something - go with it. Have to say I'm starting to get a bit of indigestion here too, but still have enough belief to keep me in a while longer - my patience is being sorely tested though.

'Graham, I use the imac during the day (downstairs) '

Brad it's called Veet now

https://www.worldbank.org/en/news/press-release/2021/06/11/botswana-s-economic-recovery-efforts-gets-250-million-boost

It's a requirement of their market listing as opposed to company registration Brad - for AIM at least, not sure about ASX. However, I think they only have to update every 6 months, which is too infrequent imo

They can add Ian Collie to the substantial shareholders list while they're at it. So many companies seem to not keep their sites current - as is required of them.

DtE - I may be wrong but I doubt he is invested; that does not mean however that he does not have vested interest. Yesterday a few of us legitmate investors posted concerns - as is our right. This seems to have sent Moagi into a feeding frenzy - he scents blood. He of course has the right to post what ever he likes, however, as I think my first post about him on here tried to highlight, always remember it's not what they post but why they are posting.

Each investor is responsible for there own choices - however most of us here, even if unhappy with the situation, would not deliberately try to undermine other peoples positions for personal gain and would be happy to see success for others as well as ourselves. This is where individuals like Moagi differ - he has no scruples or shame - he'd happlily see you all burn.

Brad we've had the 2MW Interim PPA for over a year, but for what purpose now I have no idea - therefore of course the one under negotiation is for 10MW. As others have said all he's done here is to confirm they're at an impasse and that, despite comments to the contrary over the past year about the interim PPA and the recent fund raise enabling us to crack on, our future is still firmly in the hands of folk who seem to have little interest in progresssing anything. In the meantime he's trying to look busy and leverage some progress with alternative options.

Indeed Thornback, and stated more succinctly that in my parallel post.

Strangely enough Brad I also listened again to that interview earlier this morning after reading the RNS on the ASX site. I wanted to confirm his comments on the fundraise giving Tlou control of the TL timeline. At the time it irked me that G&A expenses were also mentioned - as he'd previously insisted that they were covered by last year's EO until the end of 2021. This latest RNS now appears to contradict the comments made in that interview and it seems they never had any intention of commencing work without the full funding package and hence the lack of progress.

'Once a project finance package is in place and it is commercially prudent, significant work on the transmission lines 
and sub-station can be conducted.'

This begs the question of why say it if you don't mean it? I always thought there was an element of leverage, a wish to grease the various turning wheels at the BG and elsewhere, as there is in nearly everything they announce these days. Solar, hydrogen the emphasis on a greener profile - all designed as persuaders. Now it seems leverage was its only purpose, especially as they haven't offset the amount against the $10m being sought.

Where does that leave us? Well apparently we are back to having to rely on other people with reputations of not being very reliable. As I said earlier, today's big sell for a hydrogen strategy is leverage, a 'look we have options other than gas to power' statement. That's all well and good, but if in the process of trying to influence proceedings, you start deceiving your investors, it is not going to end well.

Right...ok got it: so not only do us ignoramuses have to listen to what you do say, we also have to extrapolate to what you don't. Then when something you didn't say happens you can claim you were right all along. A truly memorising intellect.

Precisely Brad - who would call the BoD of a company barefaced liars - and yet claim to be invested. I know I certainly couldn't. The guy is more full of fecal matter than a Glastonbury portaloo

What is your message exactly Moagi? Also where did I mention Hydrogen production - I'm not sure you even read what a wrote - as that would also explain the irrelevance of the rest of your post. I mentioned a company in the context of possible competition for the Orapa tender. Do you remember posting this a while back or was it someone else in the office?

'OB - it would be quite the giggle if Strata-X piled in to the Orapa tender using their partner for gas supply.'

Well done in stating the bleedin' obvious Moagi - you just can't help the self-congratulatory, patronising tone can you - it's like a reflex. The point was - and I have no idea even if Pure Hydrogen intend to be involved in the tender process or not, but if they are, some home grown gas resources would not do their bid any harm - I'm guessing that's where they want the gas to come from eventually. The extension might fit very well with their proposed drill programme. Personally I think it's all a bit of distraction tbh. Tlou raised funds to put themselves in the driving seat for the next stage of the project - powerline construction. In reality it is the only thing that we have direct control over and is what I would like a progress report on - not some hypothetical gas pipeline frron a license we haven't devolped yet.