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Just some of it Winni ?

As for the - things are maybe not as bad as they seem. If the wells are not working - things are worse again. And just because the Dr has pumped in millions of bucks does not mean he is going to keep adding to his risk.

Someone talked about convertible debt earlier. There are 2 lots of convertible debt - 5m aussie from the Doc and 5m usd from BPOPF. Whoever puts in the next big chunk of funding is going to want their debt to be at the top of priority re payback. They sure are not going to sit behind the other 2 in the queue.

Maybe Botala or Sekaname will mount a takeover at some point. Not yet, as there is not enough blood letting yet.

My point was - any one major transactions dwarfs the lending numbers quoted in the post. And I am sure there were other specific acquisitions by Chinese companies in other countries - the 2 I quoted are in companies on my radar.

Surely you something better to be doing than micro analysing our posts ......

Not entirely true XT. MMG acquired Khoemacau Copper Mine for $1.9 billion - major transaction. And yday, Zijin announced cash acquisition of Allied Gold (West Africa) for near $4 billion. Maybe their dollar spend is going after projects in or near production rather than lots of mini-investments in the pump and dump exploration players ....

Agree Winni about the hogwash re it being a new CBM basin. I cannot prove it - but everything so far suggests their horizontal wells are simply not working. They focus on Lesedi 4 in their narrative, which says (to me) Lesedi 6 is more problematic. How much more - i have no idea. Does your intelligence tell you to accept the optimistic or pessimistic end of the spectrum? Easy for me to decide; you guys may still need time to get to the acceptance phase.

How honest has Tlou been to shareholders ? Well again, i think you guys still have to process the acceptance phase. But we all have money sunk here - so we all want it to come good, get us something back, be successful etc. Not looking so sharp on that currently - unfortunately. But lets wait see - there are a bunch of folks here with a load of money invested - are they prepared to play again? I hope so.

I cannot help but think 2 things - share consolidation is not far away, being the terms demanded by the next round of financiers. And second - TG will never set foot in Botswana again and I feel real sorry for CC. None of this is his fault - but jeez, he did not sign up for this. Nathan Mitchell and Tony Gilby - blinking well do the right thing here !!!

I believe the interest free funding from Kala is to cover the costs of generators and their connection to the computing power they require to run their machines. It is clear from the Update that the final work to sub-stations and TX line is a cost Tlou must source - makes sense given the power injected to the TX line will be sold to BPC (and only BPC).

I am not sure if Kala funding would stretch back to cover the costs associated with gas gathering and cleaning prior to being burned by the gen set(s). If Kala was not covering this cost, then they will not be covering the cost of dewatering the wells and getting the feedstock to the surface. In addition to dewatering problems (this was well flagged for you all but you collectively chose to ignore the BS being spun on it), there are potentially equally as serious problems if the gas is high in C O 2 content. Maybe Tlou will share the findings of the appointed Consultant - any provider of future funding is for sure going to want clarity on this.

While we are on problems - once the Data Centre starts running, I would expect Kala are going to want this running 24 - 7 - 365 (or as near that as possible). There surely is a major dependency on 24 - 7 running to have constant power being generated / available. These wells are nowhere near stable at present. The undertone of today's Update is bringing into more focus the solar and CNG options - which i take to mean Solar is likely the backbone feedstock for the Kala operations, with gas there as fallback feedstock source. If I am right on this (and I hope I am not), then Tlou is still quite some distance from the meaningful finishing line re sustained revenue generation.

One last concern I will raise is - google search: 'is 1MW power generation sufficient to energise a 66kv transmission line'

You are unlikely to be impressed by the answer.

Someone just posted this yesterday:

'We'll soon see how stupid I am Donkey. And from there how stupid you are not to see right from wrong.'

Ooops.

I feel it is important to give you all some time and space to come to terms with how much hogwash has been promoted on this message board

'TG never wanted a PPA in the first place, and that Moagi imposed 10MW upon us, probably against our will.'

will the fantasy ever stop ........

Facts are real easy - when you make them up yourself

Ok you have the last angry word Winni. That seems to be important to you.

Love the exchange you and Brad had today - its great to talk .... always. Even if it is pure phiffle. Neither of you know how many gen sets they ordered. Or paid for. Or has been delivered. Or what capacity. Basically or anything ,,,,, but you do like to sound like you know something. You dont - simple as !

I wonder which port the gen set was cleared through. Was it delivered on a flat bed from there to site, across 2 or more borders. At what cost. Would the cost be more sensible if they delivered 2 on the flat bed? Economies of scale and all that.

Which dreamed up fantasy world do you pair of old-timer buffoons actually inhabit? Clearly it is a rose tinted space where you are clueless to the pitfalls and delays and dramas of Africa customs clearance and delays. And road haulage and all the ballocks that comes with that.

But the gen set was delivered pre Xmas - so we are on to their next drama and delay. Cant wait to rub yer snouts in it when it happens - coz it will happen !

No I didn't think for one second the reason TG isn't getting recognition is because he is operating in the background. That IS NOT how these things work; never have in my experience and in today's social media, clickbait, desire for gratification - no recognition for TG is because there was a problem. His last 3 years or so in charge - there is nothing memorable about it. And there is a reason for that !

But your head is so far inserted elsewhere, you can't bring yourself to acknowledge. But who cares .....

And its a real shame your 2 degrees and post grad and whatever else life lessons you learned were ..... totally wasted ! But hope you are enjoying life in your clueless state.

PS stop coming after me. It won't end well for you. Stick with Brad - at least you are happy rambling around blethering and waffling about total irrelevancies

Winni - do you actually have a brain? If so, try to use it .......

So you manage to confuse me with last post. You say your beliefs and interpretations are based on TG being totally honest with his prophecies but yet when they fall short, there are mitigating circumstances.

I really dont get why none of you here seem to accept, or at least even entertain the idea that TG left under a cloud. For heavens sake, Tlou was his vison and he backed it early doors as the biggest shareholder (until Doc and Pension Fund overtook him). I can forgive him for talking up the opportunity - that was his job as MD and leader of management team and the primary voice to shareholders. In the early years, he did that part really well - although on occasions he was guilty of over-embellishing achievements and progress.

But he left without any advance notice. He left without anyone public acknowledgment of his past contributions and efforts. There was nothing said about his history and efforts and contributions. Absolutely NOTHING !!! I have honestly never ever seen a similar situation where a Main Man left and there was Zero acknowledgement of his contribution to the company. But you guys seem to think this is all easily explained away as nothing more than he is leaving the company close to first revenues and he will be a back seat driver.

Guys - if you think this, you are Wrong !

Grow a pair Winni. If you really want to behave this childishly, then you carry on behaving as naively and infantile as Brad.

Https://youtu.be/ZiesaxJiVlk?si=U9qzLfot_D0Cq1Vf

Well worth listening to - Friedland presenting at Future Minerals Forum recently. Blowing big smoke up their rear ends, but still....

'I’m with MYM there’s only so much BS one can put out!'

Lads - i been telling you this for years.

Come on - admit I been right all along AND i will promise to change tack from my endless criticism .......

Surely you can be more original than this dross

Key Highlights:

• Kala Data Centre nears commissioning

• Progress toward completion of Lesedi Substation

• Ongoing assessment of gas production

Kala is responsible for the supply, operation, and maintenance of the facility, while Tlou will provide gas to fuel on-site power generation;

The gas-fired generators, are expected to arrive in November 2025 ..... Commissioning and first production from the data centre are anticipated thereafter, around late November;

To enhance energy security..., Tlou and Kala have also progressed plans to install 1 MW of solar generation at Lesedi. In parallel, a CNG storage facility is proposed to enable storage of gas produced during daylight hours for use at night, effectively allowing the project to utilise solar power by day and gas by night;

Construction of the Lesedi electrical substation remains approximately 90% complete. During the quarter, Tlou assessed key contractors to finalise substation completion and grid tie-in works with the national power network. These works are expected to be completed before the end of 2025.

I wonder what the next set of excuses will be next week ??

Tidd was brilliant. He pretty much single handedly fooled every person posting on this message board with the exception of 2 posters. PIJoe (or something similar sounding) and myself. The rest of you - took the bait hook line and sinker.

What I think would be an unbelievable laugh is whether Tidd and MM are one and the same person. You should read MM's posts over on Zanaga Iron Ore chat on lse board. He spends all day, every day posting news releases and snippets to do with mining and steel and iron ore and strategic players in that space and the ongoing consolidation of these major players. Then he asks AI to provide an analysis or opine on what it might mean - by always asking very loaded questions, such that the answer backs up his question or the outcome he wants one to read.

Why on earth would anyone who is a simple day trader spend so much time trying to influence people's opinion on investing in a company ......

Hence my amusement that he is really Tidd_83 under an alternate account.

Come on XT - you are so much better than this.

What is the point of all your posts ???

I will bet it was. And were they all saying how cheap Tlou was and saying how much money they would make from this sure thing ,,,,,,

Guess what - who was wrong and who was right

Tlou share price will still be below 2 cents Aussie come end March 2026. Their only positive news is that they generate revenue between now and then; the market can easily price this and understands it is not something to move any sentiment or price dial.

Sorry Brad - you backed a donkey !!