Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Spread on ASX currently 29c to 35c so 28p days may be gone forever.
LSE must move in the same direction soon - cheap as chips on both exchanges.
Poor expression that - chips are a hell of a price from chippies nowadays , but is anything cheap anymore?
Https://www.lse.co.uk/rns/TLOU/first-gas-flow-from-lesedi-6-production-pod-xxvxo62svsiwrtc.html
It is his arrogance of laying all his shortcomings at our doors, that gets me.
Primary school kids could probably guess that if you release the pressure on LNG or CNG that it will revert to gas!
But he uses that ignorance to berate adults on here, making a complete fool of himself - and only BOTS does not realise it?
I have called him out of so many stupid comments and having said them with no evidence to back him up, he never argues back! He prefers to criticise whoever, again without anything to back his claim! Effing idiot , and newcomers to the board may not realise that and believe him!
Enough, he is on a subBOTical for a year! I wonder how many vertical wells it would have needed to dewater #6 in record time? Horizontal wells are cost effective compared to Vertical wells if they are below 400? feet but he does still thinks we got it wrong on a cost basis.
Cannot find the article that mentioned the depth but I found this and it maybe expalins wht #3 was a disaster on dewatering! We were guilty of making the error referred to here ...
"2. Generally only one zone at a time can be produced using a horizontal well. If the reservoir has multiple pay-zones,
especially with large differences in vertical depth, or large differences in permeabilities, it is not easy to drain all the layers using a single horizontal well."
Exactly what Colm explained in detail years ago! Two horizontal layers on a couple of metres different in depth but the pressures would not settle down and they worked for and against each other from what I remember. We shut one of them off in a vain attempt to improve #3 on the survivor but #4 was always better and gas flows caught up and overtook within 4 months. And #6 looks better than both.
OMG! What a parting quip this was!
"Orapa - will never be fuelled by CBM. More likely CNG or LNG. "
Bit like British Rail telling the local water board they dont want their water because they need steam for the engines , and ice for the buffet car! I have battled this for so many years on 3 message boards - he is actually dangerous! His comprehension is zero and he knows how stupid we are because he knows it, despite nobody ever agreeing with a word he spouts!
Guess what IPP do with CNG and LNG ? They let it produce GAS!!!! You could not make it up!!!
I f he reads this he berate me for saying that British Rail , buy ice and steam to turn it into WATER or smmat as stupid as that!
He left ADVFN where he was a premium member to join us! He stopped paying the subscription and was too thick to realise he could continue to post over there , as he can on here , no subs no premium access.
I have switched my home page to a Cherries website so I will have to consciously visit here. If we end up with 1.2Bn shares in issue and the company earning I will be delighted! At 50p a CBM and Solar power supplier, plus a Hydrogen producer for half a billion quid will be a bargain! I might not live to see it but the first two are due in 2024 so I have hopes there! If SM do not create the right lance, somebody else will and TG has been very cunning in the SM venture outlay!
Mamba will be an important Hydrogen centre for Southern Africa - I foresee Hydrogen powered diesel engines becoming the norm. I drove a Skoda Octavia as a Hackney, then the owner used it as a Private Hire, and he finally retired it because a repair cost more than the value of the vehicle after 440k miles!!!!! Skoda used to be a joke but for upholstery to last that long is a miracle far less the engine - it used to have an annual inspection by the local authority to remain as a "taxi".
Scrapping and recycling diesel engines after many more years than the equivalent electric motors and batteries has to be good imho.
TB thanks for the vote of confidence.
I have not checked but from memory ORAPA were in one almighty rush for gas when the price of diesel was horrendously high and quotations were rquired in a stupidly fast time during lockdown.
Whether Lefoko was trying to smooth the way for us , or whether it was driven from Orapa , I dunno, but I was certain that TLOU's timetable would be a joke! If they quoted at all.
Your talk of electricity confuses me! My clear understanding is Orapa had dual fuel generators which they intended to supply with our gas after dumping diesel. My hope was Orapa would build the pipeline if we could supply gas from Mamba.
If they now want electrical power is Mamba significant? In the long term , SAPP or the Botswana national grid might be possible, and diesel prices may not escalate while electric cars take over and Putin loses power one way or another.
Mamba will be very separate if it provides gas rather than electricity. And, one day, we might need a large gas supply for Synergen Met and Hydrogen. I was hoping that would be in time to stop the exodus to electric cars - looks unlikely unless electricity falls out of favour - which it must imho!
Perhaps Hydrogen wil be used to dispose of the battery waste that fills me with dread.
A great assessment there small fry. Exactly how I feel and act.
I am loyal to TG , apart from thinking he was favouring Doc's cash over ours.
That was put to bed at the last placing which was a financial disaster , and showed how vital the Doc is.
TG has been gagged by mixed reactions to his every statement - all of which , imho, were sense at the the time.
I'll try to disappear because the lack of response to Thornbacks X-factor was a dream for me, but the reaction was a nightmare. When this share is 50p there will be saying it is a typo and it is really 05p . I'll change my home page again - out of sight - out of mind. Well done small fry.
I'm pleased to hear that Donks. I hate to think what you would have claimed that was worse than .....
the wrong mix of methane,
civil war,
lateral wells inferior and many times the price of vertical wells,
BPC may not their dues,
etc etc
If I take a leaf of your toilet roll, unless you own a book, nah!, I'd speak for everyone else and tell you they all think you deramped TLOU for years, and the reason? You jumped on the banned wagon , according to you, at 17p and blamed the board for your losses.
The lady with the dogs texted me to ask if I was OK.
I did not have my phone or pen and paper to note her number,name and address - and I suspected I'd forget them all anyway. I used to be expert on names in quizzes but I forget names like David Beckham sometimes. Even the names of the Southern vascular centre of excellence syrgeons who saved my leg from amputation escapes me , Alex Watson and James Metcalfe , sometimes. There is a GP nearby called Alistair Watkins and my Dr is Dr Hawkins, All perfectly clear , until someone asks their names and I get them confused and think it is Dawkins or Dawson or summat and all the names sound right.
What amazes me is that ASX is as languid as LSE. Took a look at HOTCOPPER and the news is current on there, so people can find it easily. Thanks again TB for doing that on LSE.
The new approach of a video had the impact that TLOU hoped for , imho, it certainly woke me up!
I'd expect the Doc to mop up as many shares as people want to sell on th open market because TLOU won't be giving away any new shares at discounted prices any time soon. On Hotcopper , one person suggests a 10x rise within a couple of weeks. I thought 2x or 3x overnight was nailed on - and it reflects on the economy that nobody on here filled their boots!
10X seems a good guess - matching the peak of 17p years ago.
I was bitten by a dog yesterday! Tore my trousers and drew blood. The owner has offered to replace my trousers with a new pair. She has two recues and they were beaten before she got them. She thought it was the ball thrower in my hand that excitied them - they were beaten with sticks! I thought they were going to attack Poppy as they circle me - but one on doubled back and got my left calf - the gammy leg! I put some Dettol one it and the swelling has reduced overnight.
I took photos of the wound and the trousers when I got home.
Donks, you have achieved the SP you always strove for - and have done little or nothing to repair ir. Enough on that.
Just caught up with this board and see my post was truncated.
We often see stupid trades that appear to cost more in commission than the sell raises? So selling nakes no sense unless there is a broker allowing sells @ zero commission?
Yesterday I did a sell to enable me to get 3 transactions for £250 when the minimum cost was £270.
It demonstrated why someone might perform a silly looking sell.
IG disallow buys below a nett £90 , and interestingly I noticed IG quoted less than £5 for 500 shares @ 1.5p ish so £7.50 less £3 commission. LSE record 500 for £7.86 so ignore commission. And on my two purchases the same - commission excluded.
SO this, on Monday,
27-Nov-23 09:25:27 1.60 53 Sell* 1.60 1.90 0.85
Shows as 85p income but with commission is almost certainly a LOSS
That makes it a total mystery to me - the account balance will have reduced, and not helped with the £90 threshold.
In my case I received 7.86 and paid £3 commission which took my £87 balance over the magic £90 which was irrelevant because I only needed two buys to make up 3 transactions.
I think the 85p transaction is explicable , and I remember posting about this years ago!
Lateral thinking required!
He wsas not selling 53 shares - he intended to sell a damned sight more for certain! But he made the faut pas of using limit bids instead of instant Quotes which I prefer to avoid this rare event!!
Someone was buying 53 more shares than his best matched seller was offering!
So he got X-53 from there, and the remaining 53 were taken from the unfortunate seller's would be trade!
If he was lucky the remaining sells were sold to someone else for a single commisssion - BUT IF NOT the remainder will have timed out at close and he loses out! So a fill or kill on the Fixed quote is the way to go on IG!
And here was me thinking I only used them for the certainty of what I was getting. Memories?
Https://drive.google.com/file/d/1bbob8E5hgx7ou9pZy__FBI2rrXUCPpLs/view
Copy of the video which impresses me - the Tx lines are far more stylish than I expected from the early construction photos. Look plenty high enough to thwart giraffes wanting to chew the wires.
It is disappointing how few reactions there was to TB excellent X link.
BOTS has clearly succeeded in killing this board as he did on the ADVFN board too.
He has wanted the price to be 1p for years so placings would dilute the share enormously to raise the millions needed to build an IPP.
I expected a price rise as soon as people read about #6 - and precious few have seen TB's post or there would have been posts and/or trades. Just added my 3 trades for December for frequent trader rates next month.
I am a bit irritated , because IG has a minimum deposit of £250 by card and lower amounts can be done interbank but that takes a bit of effort that I could not be bothered with!
I moved £250 across and embarked on 3 * £83.33 trades! I usually round up to £300 which is clearly 3 * £100 - inadvertently exceeding IG's minimum BUY TRANSACTION level of £90 that I'd forgotten about!
So I needed a minimum of £270! I was going to tranfer a bit more but of course it would have to be £250+!!!
So I opted to do a tiny sell which is unrestricted so my 3 trades were 2 buys and 1 sell! ASX is still at 2.8c less than 1.5p and I nearly bought last night on there but the commission there is higher, there are FX considerations and Fixed Price Quotes are not supported from Sydney. They say mathematicians will spend 5 days to find the quickest way to do a 5 minute job, they may also spend £9 to save £5 per trade on frequent trader :O(
I wonder how many people on IG fall foul of that £90 minimum buy? My actions today {i.e. Sell
If the Minister announced he was going to pay premium rates to TLOU, and whether or not those costs would be passed on to customers, I reckon the public would hardly be supportive of anything to do with TLOU.
Tony said from the start that TLOU could better the unit price he'd get from a similar project in Australia ($10-$12) whilst undercutting Botswana's price for imported energy ($30). A win win for both sides and one of the factors that attracted me to this share.
The priority , apart from being solvent , is to demonstrate that Botswana can rely on there being a power supply 24/7 , something they dream of , and the goodwill will follow that. Paying loads for a rubbish service , or the same price+ for a dependable service should be a no-brainer. Living with power-cuts makes life pretty miserable on so many fronts.
The bad news is power cuts have reduced since 2015 though Moripule does have the odd failures still.
"Botswana was exporting 60MW of power at the time. Last year, Botswana offered to sell Eskom off-peak generated electricity. However, the country also still imports electricity from Zambia and South Africa amid performance problems at Morupule. " The article was in May but the year was omitted - modern standards are so terrible when it comes to date.
Prior to the improvement , areas of Botswana were turned off for 8 hrs per day, I wonder if Moripule's improvements since 2015 has lessened the Govt's enthusiasm for CBM power or gas? The recent Govt support is so welcome - triggered by the budding Solar power explosion in the country methinks. Reflectors on the moon to extend sunlight into the night around the world might be an idea :O)
"Because of the inclination of the Moon's orbit with respect to the Earth's equator, the Moon is above the horizon at the North and South Pole for almost two weeks every month, even though the Sun is below the horizon for six months at a time."
BPC were threatened by TG talking up selling to SAPP years ago - it was the main topic on here for months - some said we were obliged to sell to the BPC (and if they adopt the TX lines that looks probable) and TG went quiet on SAPP - but I guess if BPC screw us then SAPP has to be an alternative market? Planning for TX lines across Botswana looks likely to be thorny if that happens. Liquid gas by lorry ... omg
How many times have I said TG did not want a PPA at 2015 prices when energy prices were going to rise in his opinion.
Botswana were paying up to $30 per unit , compared to Australian's CBM price of $10-$12, and he could see us getting a much better price in Botswana whilst reducing their price to Eskom in South Africa.
Eskom opted to receive Botswana's money rather than supply their domiciles at a fraction of the price in South Africa.
If they are in the financial straits that are rumoured Botswana might be supplying S.A. in the distant future.
As for Lefoko , whether he has doubts about proof of concept or not , I admire Botswana for not throwing billions of Pula at it! Look at the waste of money in the UK on so many fronts! Most from hasty decisions - a referendum on that railway , given the original estimates far less the current ones. I am still interested in Selemo and how long it took to dewater?
We heard virgin sites could take 2 or 3 years for the first wells , that looks way ahead of the reality in Botswana?
Subsequence wells were expected to be much quicker ..... 2 or 3 years might turn out to be quicker than 7 or 8 years .. which would be disaster? Selemo was a few months but how long had it been dewatered for prior to TLOU taking over.
Selemo was definitely faster than Lesedi has been - I wonder if TLOU ever think about going back to it despite the royalties that would be payable? Was it the royalties or was it the broken drill that persuaded them to move to Lesedi? Is Lesedi easier to drill perhaps?
Eric Molale was berated by many for questioning the concept - but the doubters look justfied in raising those doubts?
And Eric was justified in holding back, as is Lefoko now? #4 was much better than #3 , let's hope #6 is better than #4 , and #4 mk 2 is better than mk 1. We don't want masses of gasses until we can use it - the Doc clearly believes flows are going to accelerate once we can use it? And we hope that means there is good news coming.
So you have posted a top notch post to add to it. You really are a cretin.
Kraft were on the verge of buying Unilever for billions but have pulled out.
Pity your father did not before you were conceived.
Krafty Kamran isn't one of your new handles is it?
Today's up to the minute news is history a minute later, chump!
You accuse 99% of us of not talking about TLOU , which shows how little you comprehend, whilst all you talk about is us and how effing clever your are? Nothing is more boring.
olda , was your post to the wrong board or has my understanding dropped to Donkey's level? David Cameron is Kraft Kamran I suppose? Or is there a comic character called that - my mental age is not quite low enough to watch these Marvel films and others. Slimeball and Sleezebag? New requisition? Perhaps I'll try AI and see what it makes of them all.
Just noticed! There is an RNS which will explain it all I hope.
My Inspiron 7400 is fully charged using the Thunderbolt 4 port with a 65w USB-C charger. The charging port led goes on and off with the state of charging so I am pleased.
Https://drive.google.com/file/d/1h4Lm5LD_IioG8GH63B8e1XW8dLB4ExJz/view?usp=sharing
Am I alone in thinking that the celebrations on Monday which puts Sekaname on the map 7 years behind Tlou was paid for by Sekaname/KE? It was a non-event imho , perhaps TG should have coughed up the cash for a similar back in 2014-2016 when Selemo provided proof of concept to my mind!
We were thinking of producing a virtual pipeline at that time!
And here we are in 2023 and Sekaname are exciting Donkey with talk of LNG and fertiliser deliverable by tankers - a virtual pipeline! Seka have wasted those years - they gave up Selemo too early and TG was producing gas from it in no time.
Seka started in 2005 , TG had left Australia and his forst two CBM ventures worth 4.5Bn AUD by then, and was moving into Botswana. Seka will be where we are today in 9 years time I reckon :O)
Will their gas flows be better than our experience at Lesedi ? I have always wondered how long Selemo was dewatered for before we took over. It only took a couple of months for TLOU to dewater it but was it as bad as Lesedi if the full story were known?
I kid myself that TLOU will have a permanent pipeline to Orapa one day. Will it be gas or LNG? The priority is getting electrons (Sek speak) onto those TX wires. Listening the Musi (Seka) everyone seems very appreciative of Lefoko's backing.
I know I am , he has brought TLOU to the fore though Monday's celebrations. GG should have attended and maybe even added his tuppence to build our profile and encourage public back of CBM energy.
Good find Donks, I think we will benefit from Monday because those that matter are all clearly onside.
Proof of concept is the equivalent of due diligence in financial terms - I think everybody expects it to be done and dusted by 2027. The Doc included I suspect? Only TLOU can meet 2027 so what do they all know that we do not?