RE: Pure Hydrogen - BotGas - Synergen1 Aug 2021 12:18
Syn site indicated they are geared up for modular expansion so it really does not matter to them whether their modules lie in a specific company's territory. I feel confident they are committed to Botswana and why not? In for a penny in for a pound!
TG informed us how much red tape there is in Australia nowadays, hence his his move to Botswana for his hat-trick!
We are all guilty of blaming the Bots Govt for our lack of progress , and they did coq up the RFP but did the politically correct decision to get the paperwork right despite putting both preferred bidders back 18 months!
Since then , I don't believe they had much room to manoeuvre. Kalahari bit off more than they can chew imho, and have ruled themselves out of the hydrogen market in their big scale PPA! Getting to 90+ Mw will take them forever imho. I don't expect them to complete their commitment, and BG don't either! I always thought BG did not want a one horse race where TLOU were free to name their terms!
TLOU are alive and kicking and two obstacles have to be removed before they can prove it big time!
1. Excess water at Lesedi
2. Lockdown
We need the solutions in the reverse order - retrograde steps - but we have 34 months of reserves to see lockdown out!
Moron's placing is as fanciful as any of his ideas!
We had a placing to erect poles and wires , and the two obstacles and the emergence of hydrogen no doubt, have changed that priority?
Tlou have not told us why the funds are not being used on poles and wires , but the hydrogen news RNS effectively tells us why? Obstacle 1 has to be overcome whatever we do unless we prioritise Solar which I think was likely?
Hydrogen has interfered with plans to supply Serowe - all completely logical!
Logically Solar locally plus Syn plans is the quickest way forwards ...... but that changes all our original plans, and that ignores the possibility of Orapa!
TLOU have many superb options all awaiting a Covid solution, 4 Tutankhamun's tombs waiting to be opened?
Before we open any of them, I am expecting one of the huge Oil and Gas giants to try and buy TG out!
600M shares at 50p is only £300m - peanuts for all those mummies!