Reply to Moagi25 Jan 2022 23:31
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"Tell us here what you really think about their crypto mining and its likelihood of getting any traction."
It should be clear that I trust TG's words implicitly!
If he backtracks on anything it is always for very sensible reasons.
I can only think of one major change - a switch from producing containers of compressed or liquified gas for delivery by road to generating the electricity ourselves and delivering it the grid at Serowe.
Sekaname started with the same idea.
I cannot remember them announcing a switch to poles and wires etc., but it was implicit that they did from their bid for 90Mw+ at proposal stage.
They seem to have failed to get beyond their acceptance as one of two preferred bidders and have apparently bitten the dust!
TLOU tried to provide several timetables for CBM power which they have not met for various reasons , all of which , imho , are not their fault!
TG has been distracted from our immediate goal , largely by those delays but also because alternative plans appeared out of the blue. Hydrogen , Carbon and CBM gas to Orapa! And now Crypto mining!
Ignoring any of them while we wait for dewatering and gas flows , would be a sin!
Hydrogen and Crypto (from solar) can conceivably be live before the poles and wires are ready to use, and, I suspect, the poles and wires will be ready for up to 20Mw (or is it 10Mw?) , long before we get to 10Mw from Lesedi CBM.
We might be able to install solar in the interim.
I fancy all the routes but TG knows which is most likely!
I believe it is Hydrogen! We have the gas , SM need to provide a working prototype , and we need to introduce some solar power! Solar panels might also be needed for Crypto but who'd order them before we hear from SM or have a deal for Crypto mining electricity?????
I am happy TG will make the right decision for all our benefits.
To go full ahead on the initial project puts Hydrogen on a back burner and SM would be well advised to concentrate on Pure Hydrogen, their original plan!
Crypto need us on board or someone else who can promise steady electricity supplies - they might be best advised to find a new solar power site elsewhere too?
I don't think TLOU should dump either for the sake of a few months waiting to see if Hydrogen or Crypto are starters (and therefore Solar power becomes essential ).
What will they achieve in those few months to make it worthwhile?
We need a report from Danny Horn to know the answer! My major gripe with TG!
As for you Moagi , if I wanted to adopt your attitude to the company, I'd be talking about potential famine, diseases , collisions with asteroids , Putin invasions , and anything else that is hardly worth considering until they are more than a few percentage points above 0%!
Is it any wonder I am opposed to your peripheral fears that are yet to happen far less the required escalations with zero chance of affecting TLO