RE: Company tweet21 Mar 2022 08:59
An interesting slant on how you view the company MM.
My main worry about the low shareprice has been and is now , how cheaply a hostile takeover would be. £12m for TLOU is a ridiculous valuation for a company with bigger aspirations than TG's two billion dollar successes.
Imho, it shows how anonymous TLOU is, or how many options there is world-wide for energy companies. It possibly reflects on the difficulties of succeeding in new African business ...... AVN for instance! And then the possibility of new Mugabe and Idi Amin types! TG selected Botswana because of the stability of the Govt and the amount of gas available.
Europe, and North America are safer prospects for the big boys perhaps?
As for your post MM, your final paragraph includes this view "i.e. don't wait for actual production as that would increase the price exponentially."
Imho, I cannot see why TG would sell out with an imminent exponential gain in value at the end of the tunnel, closer than the horizon perhaps?
He probably expected to be operational by now , and if you are right , out of Botswana with his pension in the bag for his well deserved retirement. And there lies the rub! Will he retire once TLOU is operational and expansion of the company will be a relative doddle compared to what has gone before?
He has always said that once the initial dewatering is complete, then further dewatering for additional wells is much easier as is the whole process.
Add in Hydrogen, carbon, crypto, solar , and Orapa and the excitement of seeing TLOU becoming a bit more than a CBM producer, and I cannot imagine why he'd turn his back on the challenge, but who knows if he is looking forward to retirement and what that will bring?
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