RE: Kala operational16 Mar 2026 08:48
Goin to put my neck out here - Tlou will provide feedstock to the Kala plant only for at least the next 3+ months, for 2 reasons. First to demonstrate they can provide consistent gas to as feedstock to run one project. And only when there is a track record of however many months success will they start actual construction on another revenue source (they will of course continue talking about PPA with BPC and solar expansion options - but not spend much money to advance them). Second, they just do not want to start selling power to BPC because they would then become dependent upon getting paid by BPC which for sure would add to Tlou's cash flow problems. Plus it means Tlou raising finance to pay cost of completing and energising the TX line; money they cannot raise currently.
That's not me being a naysayer; that me understanding business tensions facing them at present and providing a grown up, intelligent, well articulated assessment of the business environment Tlou finds itself operating within. ie basically no more money from the Doc or BPOPF or Kala until the proof of concept the gas flows can be depended upon over a consistent period of time so that the funders can see how they would get their money back (assuming they were to put more of their money in again).
Come on Colm, start talking intelligently to shareholders and the wider public than the usual flowery, puffed cheeks nonsense you typically try to hoodwink us with !!