Member Info for BradSmith

Well done MFM, I wondered if any of you realised that most of my off topic posts are to get someone to filter me, the first step in shutting him up. The stories are true , and though not terribly painful, I seem to have stiffness and swelling in my right arm from the thumb to half way along my forearm, and it is a bit swollen.

On the PPA , nobody seems to be looking at the reality of the follow up.
Tlou have consistently said we need $10M for 2MW , and $30M for 10MW.

So are we currently honouring the 2MW PPA? The devil is in the detail , news of the funding will reveal if the other $20M is part of the deal. Both deals cover poles/wires, so it is consistent either way.

I thought Moagi had returned to being a donkey!
Wrong again!

I was lucky this afternoon. I put upmy platform ladder to cut the top of the laurel with a Stihl 2-stroke hedge-trimmer! My balance is not what it was , so balancing on it was not easy!
I was stretching across the top when I thought the whole ladder was tipping. Then I realised one of the horizontal platforms had see-sawed and my left leg had gone through the gap.

Not funny, the left leg still has huge scars on both sides of the calf , and I was holding a hedge trimmer with the motor running!
Ended on my back on the lawn, and the Stihl never caught any part of me! Took me ages to find my specs half way across the lawn!!

TG needs to get TLOU going, because I still another 3 sides to my property that need tidying up, all hedges and bushes and too much for me on my own! Another shorter but higher laurel cost me £200 a few months ago , and it is back to where it was now!
It took two pros to cut that safely , one stabilising the ladder, too high for me (12-15ft) with a hedge-trimmer or chain saw in hand!

Financing from 100% debt is the root of TG's plan to start small, plough profits into expansions, request ever-decreasing interest rates as loans are raised against ever-increasingly security whilst the business grows!

It is clever, borrow $10M , a small amount for a business start up with the potential of TLOU, and then take much bigger loans at lower rates.

A 50-50 partnership with Synergen Met could have really complicated funding but TG , yet again, foresaw that! The two partners are to fund their side of the agreement in isolation - so we can do what we like!

My link to Synergen the other day said they make their money from renting out equipment.
If that is their intention it too makes life easier for TLOU.

Assuming the SP is above the option price in June/July there will be the possibility of new funds coming at a good time for Hydrogen , Solar or CBM gas usage. The flexibility is really quite amazing.
,
That said, will the pension fund want equity? They already have near 8% of the company so they have a vested interest in our success, which , imho, TG considers ideal for the long-term.

Will they need or want more? I dunno! They'll probably have an options entitlement - would they settle on those 8c a share as savings in an equity deal???? Again, I dunno!
I am happy to wait to see what is in the quarterly report. This one will be a joy for TLOU to write after so many in where they had to watch their p's and q's in a fairly hostile environment.

TB , I can tell you now , the critical path depends upon Harrods opening their doors :O)

Moagi , that was a joke before you bore everybody else with your response!

I worked in Brompton rd a while back and Harrods was the corner shop for us. I rarely entered and exited using the same doors , Hampton Court maze has nothing on Harrods.

Cheers everybody, it is refreshing to be able to disagree without being branded an idiot or other moagism. He is filtered for good now we have forthcoming news from TLOU and we no longer need to guess what is happening.

My logic explains why the sp is pathetic, has been pathetic for too long, and why the price will rise with positive news on gas flows. The proof is in the eating , so Danny's report is the critical news that I await.

The PPA justifies TLOU decision to crash on with poles and wires , and as Appiama says , they can be used for Solar which is now a priority for Synergen Met in 2022 if we are going for Green Hydrogen.

At least there is a good chance of action before the options deadline - a week ago that was less certain.

It isn't bad news TB , is a step forward , but improved gas flow will be a giant leap for the shareprice imho. Eric Molale may not have been perfect, but he was right in demanding that gas flows be demonstrated to be commercial then, and it is still true.

Without Covid, Tlou would have drilled some more wells to speed up the dewatering and we'd be funded by now if not actually connected and delivering power to Serowe!

The PPA , and the funding come to that, play second fiddle to getting the gas flowing and that is hindered by Covid afaik. Danny's report is overdue imho , I am hoping for news from him in the quarterly report.

If your missus is outside Harrods two days before the sale starts, giving her more money to spend is absolutely pointless until the doors open. Funding is that extra money to my mind - it is now at risk of being stolen or mispent - a waste of money?

ADVFN is a much better platform for typing than LSE which resizes the buffer at a whim, and my blooming mouse cannot be turned off and somehow moves the cursor while I am typing.

Many of the resulting typos are scrolled off the top of the box so I don't see them!
On ADVFN , not a problem , you can edit your post after posting it!

Our liberal studies lecturer applied for a touch typing course for us, but the college would not pay for it. So for 50+ years I look at the keys rather than the screen and it shows! Apologies for not proof reading.

Extract from Media presentation
"Completed
1. Gas Produced from Lesedi wells
2. Mining Licence secured which allows project development; valid until 2042
3. Environmental approval for 20MW of Gas-fired power and 20MW of Solar power
4. 10MW Power Purchase Agreement signed with Botswana Power Corporation (BPC)
5. Generation Licence approved by Botswana Energy Regulatory Authority (BERA)"

Thornback, if you examine that list what is the least impressive item?
1, essential
2. 1942 will see us many of us out of this world
3. 40Mw of energy + half a dozen countries or more - all desperate for power. Ready market? Yes!
4. 10MW for 5 years ....... 2026 v 2042 , 10MW v 2MW PPA that isn't mentioned , and 40MW
5. esential

Imho , producing the pmustower is THE CHALLENGE , and everything is in place plus Hydrogen and Orapa possibillities!

SELLING that power is the easiest challenge TLOU will ever face IMHO!
As well as my thinking it, TG iundeniably said we did not need Botswana at all, and we could sell straight to SAPP. Is that achievable? I don't think we know for certain, but that is what the PPA has made the answer irrelevant , we'll be connected to SAPP with Botswana's blessing.

Investors surely think as I do , their problem has been the time it is taking to dewater Lesedi under Covid restraints! You have heard that before somewhere?

I have not been shy in stating the PPA was not that important, but it was obviously better than not having it, and I am surprised the early gain was not maintained. 3p is laughably low at any time in our history imho, but after the PPA on Monday , it is incredibly low!

If the funding comes at a sensible interest rate with t&c that gives us a couple of years before repayments are due, and either Syn Met have good news on their/our prototype or we get a report that dewatering has improved or drilling can be restarted , then I'd expect a doubling or trebling of the sp.

I suspect many of us have more shares than we should in our portfolios, by % , having snapped up the bargain prices that have been round for so long! Newbies have so much history to catch up on, that they probably only see the moaners point of view on timings - and are waiting for funding before putting their feet into our waters!

It is going to cost them 66% of the shares they could have bought if they leave it too long.
If the pension fund give us very favourable terms they may make more money on paper on their share holding than the higher interest rate would have brought in eventually.
That would reduce our profitability , lowering both the sp and the pension fund's investment value. TG will be more than aware of the potential on this I reckon.

Going elsewhere , we'd have been screwed for the highest rates with little or no leverage.

Australians appear to be in the same LTH quandary with their sp at the equivalent of 3.15p (5.8c)
a minute or two ago. Clocks go back shortly - will funding come first?

Windows updates since October 1st have been failing - probably because I lost patience waiting for my machine to start responding with no reason to suspect what was going on - was it Firefox? Updates? Anti-virus playing up? Microsoft should definitely tell you when it is doing an update!

You can suspend autoupdate for 35 days and then you have to try autodate before you an suspend again! So I should be ok until Nov 24th!

The 2.5 hr debacle was Microsoft doing a partial update, me killing the power , and them Microsoft unwinding what it had done partially I suppose!! All behind doors! Effing idiots!

Task Manager is useless when this is going on it freezes too!

I have just looked up the update history to see if it tries twice on the same day and the failures have been wiped off - so there is only a string of successful updates ending on Oct 1st!!!

Good that Manini is still around - one of the good guys on ADVFN, but is he also on here?
+++++
2.5 hrs ago I tried to create this link and my machine locked up!
Another Windows update without warning!!!!

https://drive.google.com/file/d/16hbCUREdRuwGepLOVSeyZpRRCs1SGeiB/view?usp=sharing

I queried where #5 is, and noted my surprise at how distant #3 and #4 are looks like half a mile?
The size of the lateral wells also shocked me , and made me wonder how big the water tables are for #3 and #4 to compliment each other on the dewatering.
With hindsight I suppose trillions of cu ft of gas is bound to be spread far and wide and cherry picking likely spots makes sense.

++++
Back to Manini,
"donkey40
18 Oct '21 - 15:02 - 9083 of 9091
And of course, today’s news get Tony and team past the quarterly update release next week. Got to hand it to him/ them, make them face up to a quarterly update hard deadline, and they tend to get very creative.
Let’s hope the funding is secured before the Xmas and New Year shut down, since we are painfully aware nothing much happens there for 6-7 weeks.
Does that mean we might find ourselves in same situation this time January as today …. I certainly hope not !!!

The Manini
18 Oct '21 - 17:31 - 9084 of 9091
That's it donkey we wait 3 years for the PPA and you still find a way to try and pour cold water all over it. Well done!

10M funding in a couple of weeks so better get practising to dampen that party too.

Hydrogen news can't be far away either with the upcoming listing and before we know it we'll be hooked up and producing Hydrogen / Carbon long in advance of power via Serowe.

Can't wait to see how you spin that negatively lol shareprice should be back to all time highs by then ;)

The new corporate presentation includes this page, blind faith, my ass, I love TLOU!
Quite clearly, the Solar will come from us rather than Syn Met , which is what I'd expected (apart from the fact I expected CBM power rather than solar).
This , once again, is the best option imho - we do not have to compromise how much of the limited gas is used for power production and how much for producing hydrogen and "shuttlecoqs" :O)

You'd think the Solar panels would have been ordered as soon as the Tlou / Syn Met partnership was agreed. Exciting times!

https://drive.google.com/file/d/1UqadoznaDgm8eLvZU22viNQzGkzj_A2v/view?usp=sharing

TG is nothing but consistent.
All along he said he was looking for a long-term funding partner i.e. over decades.
The Pension fund was favourite , investing in their own country looked right on so many fronts , and there did not appear to be a downside. That they held their enormous number of shares, whatever the price, suggested they knew this would come good eventually, and if they were not privy to BG opinions I'd be amazed!

TG's do not come along very often - and his honesty was there for all to see, even blind people could see it (I have been accused of having blind faith on here several times).

I was reading the 2012 annual report yesterday, and TG did not settle on Botswana on a whim -
Tanzania and Zimbabwe are mentioned as much as Botswana.

N.B. I got a malware warning from Windows that this document COULD dangerous which I ignored, and as soon as I saw the familiar format it looked ok to me!

http://gator3001.temp.domains/~flowcmms/tlou.com/wp-content/uploads/2021/06/Tlou-Energy-Limited-Annual-Report-2012.pdf

Nathan Mitchell was chairman, and his address started with this (for those are frightened to open the link) ....

CHAIRMAN’S LETTER
Dear Shareholders,
The past year has been an exciting year of growth for Tlou, in both existing Botswanan
projects and establishing entries into new acreage positions.
Tlou has achieved its first 2C contingent resource position in the Karoo Central project in
Botswana. Favourable exploration and early stage pre-pilot results have enabled Tlou to
secure their maiden contingent resource position of 152 BCF of 2C and 2,322 BCF of 3C

contingent resources. Ongoing pilot work will increase this 2C resource in a stepwise

manner.
Tlou has acquired a 49% shareholding in Exporien Mining, who own two exploration
tenements and one application in the mid-Zambezi basin of Zimbabwe. Tlou have
conducted significant desktop work assessing Coalbed Methane (CBM) prospective areas
across the southern African region and regards the Zimbabwe tenement position as highly
prospective for CBM.
In addition, Tlou has been active in pursuing other growth oppor tunities across southern
Africa, and has lodged applications for a prospective portion of the Selous Basin,
Tanzania. Applications are currently lodged with the government regulator, covering up to 266,000 km . Applications for new tenements in Botswana have also been lodged with the
relevant Government body.
Whilst pursuing growth opportunities for the company, Tlou has been active in its existing
keynote projects in Karoo Central and West.
The Mopani pre-pilot wells in Karoo Central have been completed, with pumping
established in November 2011, and first gas production observed shortly after. This is a
testament to the favourable CBM characteristics of the reservoirs in this area, and is a
positive signal for future pilot trials.

A welcome post from you (I guess) Moagi?

"This message has been filtered, please adjust your filters to view"

Crawl back to where you came from!

Curiosity does not kill cats , an inquiring mind is a sign of intelligence!

That is why you know everything - nothing to inquire or is enquire about , and no sign of intelligence! And the brain of a dead cat! If you don't ask you don't learn mate! Back to your colouring now ike a good little boy!

Answer for the above ....

In American English there isn't an argument on this one - it's always an inquiring mind but in British English the jury is still out and it seems that either spelling goes. Good boy, my best friend has learned something today!

Folks? Do you think Moron is stalking me?
I do! he talks more about me than he does about TLOU and his unnecessary cautionary tales that none of us want!

Plonker , Donker and Donkey! Failed comprehensive school boy.
Incapable at the highest levels! Talks in riddles, makes mistakes whenever he posts - and his sarcasm is off the scale at the bottom end of wit! I'd call him a half-wit but he is more of a nano-wit imho.

Moagi tell us how much power Syn Met need and narrow down what the real number is! FFS demonstrate you know anything because I doubt you do!
Blue, green and brown hydrogen, a colouring book and crayons is your limit I daresay! Mental age of 3? Time for a grown up beer, and Poppy treats!

Interesting week for lonely old me!
Tlou and Bournemouth both leaders in their fields , 6 points clear Moagi!

What gives you the right to demand anything from other board members when you are contributing nothing except self-congratulations to this board.

MM dug out news of the imminent PPA and Colm's Proactive interview!
What else was there to report on this week FFS? Oh! You topped up up your shareholding if that is actually true! Whoopee - not!

MM, Colm's interview supports your view that Syn Met only need the gas from us.
The talk about Solar power being required left me wondering which of us is going to supply it.

If it is going to need a few acres of panels then surely TLOU, but if it is just a few panels then Syn Met can strap a few together themselves? The prototype will presumably be used with Solar panels or they might just plug it into the Aussie mains electricity for testing?

It is going to be very interesting whatever is required.

It sounds like the building for the power plant is already being constructed which tallies with my belief that we'd be generating CBM power for Syn Met?

Hopefully the quarterly report will spell out lots of nitty gritty info for us.
Will Solar power need a building? I guess there will be transformers to step up tiny voltages to 66Kv unless that can be done by simply connecting enough panels in series to get there??

Or will Syn met need a secure building inwhich they'll turn Methane into hydrogen and carbon? So much to learn at the leading edge of technology - this is much better than digging potash to throw on the floor :O)

Decided to check what TLOU need to support Synergen and found this excellent page which makes Syn look like a safe partner.

It does not answer my question however. Do they need CBM or CBM AND Electricity from us?

I think it is inevitable they need both.
Methane for the Hydrogen production.
Electricity to do just that?

If so we definitely need to prepare a gennie for Q1 unless enough Selemo power is available.

https://www.synergenmet.com/hydrogen-production

What are your current thoughts on our involvement, MM?

I'm comforted that Syn know how much gas is flowing and feel it is enough for their protype, but if Tlou has to divide that gas into power production, and into feeding methane into Syn's unit there looks to be room for error in the short term at least. In an ideal world it will be as easy as running a bath using H&C taps - but the generator at Selemo needed modifications and it is hard to believe it could cope with that idea?

Whizzer , you can have my crystal ball too , you need to grow a pair!
A SOH is needed first, only you and one other took MM's prediction seriously, it was a daft question in the first place imho.