Member Info for bcl42

Agreed Dave. Unfortunately I mistook 5p and 4p as the bottom and have no further funds.

Have we not been granted the SML? How can nothing in Tanzania actually be completed? Everything appears to go on forever.

If SEPCO buy-in they have every interest in making it a massive vote of confidence. I therefore would be amazed/disappoInted if they buy in sub 10p. I.e. about a £11m investment to obtain a 15% stake.

Anything has to be better than this. Even being put out of our misery so we can all move on.

Andrew. You could well be right. I hope so. From the current position with the MCPP I now believe that the other projects could well make a significant difference.

I haven’t added as in deep enough and don’t have as much confidence as I did even a month ago. The chopping and changing of the Tanzanian Government makes me concerned that do not possess enough Business acumen to allow the MCPP to happen. The fact that they are seriously not only talking about but apparently offering a contract to an Egyptian outfit to construct Steiglers suggests they might actually be a bunch of nutters. Not exactly confidence inspiring. I hold in hope though that some sense will prevail given the Chinese connection.

Hello Wimbo. Have you added during the recent SP crash?

Mike - we stayed in Lodges in the delta with their own generators or solar power. 2 years ago in Tanzania power cuts were an every day occurrence though and businesses all complained that it prevented expansion and threatened existing business.

Thanks Wimbo. Are you still holding strong?

Just left beautiful Botswana so a few days at the falls before flying back to Blighty. MCPP is currently a complete shambles with a corresponding SP. Extremely painful to say the least but unlike some who have either sold out partially or fully I continue to hold all of my shares. Perhaps I am just too stubborn to sell at a 60% loss but I remain hopeful that at some point we will have some seriously positive news. That needs to be the SEPCO buy-in as we need the cash and the vote of confidence and without it or yet another delay I expect is to be sub 1p and needing at some point to raise cash for the other projects. I do expect this to come good but it is so so painful.

JD - I don’t disagree with any of your post. If waiting was just a neutral state it would be fine but it costs a lot of
money to do nothing and even more to progress the other projects. I cannot remember our cash burn and can’t be bothered while in holiday to look at the last accounts. Let’s go with £1m a year on stand still admin. Let’s double and chuck in another million to do ‘stuff on the other projects’. Unless something turns around the SP, £2m = 200m shares in dilution minimum per year and that won’t get us to financial close on any of the other projects.

In Joburg on my way to Bots. I thought all the really bad news had thankfully happened before I left but I was very wrong. SEPCO buy-in is so needed now. Without it sub 1p is pretty much guaranteed

You actually couldn’t write it.

Is that LC believes that once the tender process is restarted in an unknown timeframe it will not cause a delay to the previously unknown timeframe. Excellent news.

We were in a tender process with an unknown timeline and confusion as to whether our original 300mw PPA is still live. Now the tender process with an unknown timescale has been annulled but could be restarted in an unknown timescale.

What a ‘cause of action’ actually means.

Must make some form of personal appearance today. Does the SP have to go sub 1p before he tells us what is actually going on. I can read and the RNS says we will or can now concentrate on the other projects. With what funds? Are we going to place 100m shares to raise a piddling £1m? Where do we go from here LC? Come out and speak to us for goodness sake.

We had Q & A last week. I don’t expect any further answers to questions for at least another month. I am sure we will be told as soon as company knows definitive tender process and timescale and effect on existing PPA process.

I don’t want an RNS I want to see LC who has been very conspicuous by his absence for sometime (excluding the pathetic lift pitch)

I disagree JD. I want to see the whites of LC’s eyes as he tells us it’s all OK. He needs to stand up and be counted. The current SP is far from being just noise.