Member Info for BradSmith

Sorry, last one , I promise!
Reading Chukkers ( I do miss his offerings) , the RFP is for proposals up to 100Mw each.
So 20 companies could have potentially been accepted for 100Mw each!
We bid for up to 10Mw , presumably Sekaname requested 100Mw.

The Govt gave us all of our 10Mw , but limited Seka to 97Mw giving a false impression of 97Mw + 3Mw ?

"Thechukkers

Price: 6.60

No Opinion

tlou interesting read1 Jun '19
The Government of Botswana has chosen Tlou Energy as preferred bidder for the development of up to 100MW of coal bed methane-fuelled power plants in Botswana.
https://www.nsenergybusiness.com/news/botswana-preferred-bidder-tlou/

The Government has issued a written confirmation stating that it has selected Tlou Energy as the preferred bidder for the development of a maximum of 100MW of coal bed methane-fuelled power plants in the Southern African country.

Tlou said that it has submitted a comprehensive response to the Request for Proposal (RFP) for the development of a maximum of 100MW of coal bed methane-fuelled power plants in Botswana.

The submission highlighted staged development starting with generation of up to 10MW, along with a framework for project feasibility, proposed field development, installation of power generation facilities and supply of power into the Botswana grid.

The Request for Proposal was evaluated across compliance, technical and financial criteria

Tlou said that among all other competing bidders, its proposal has secured the highest pass mark for the compliance and technical stage.

The company’s proposal had the most competitive Levelised Cost of Energy (LCOE) for the project.

Tlou claimed that it has secured the confirmation based on its ability to operate effectively using experienced personnel, coupled with the geological knowledge gained over many years of operating in Botswana.

Tlou managing director Tony Gilby said: “The approval of the Company’s tender represents great progress for Tlou. The proposal that we submitted was very competitive and we welcome this decision by the Government. We look forward to working together to deliver a successful power project. The effort put in by our team over recent years has been phenomenal and this result makes it all worthwhile.

“The Company will now progress with additional work on the ground to deliver a Gas-to-Power solution that can bring significant benefits to the country and to our shareholders. I look forward to updating the market as we continue to develop the project.”

Tlou has included the power pricing in its tender using the electricity guide price provided by the government, at approximately £0.09per kWh ($0.12). At this price, it is estimated that a 10MW project is capable of generating gross revenue of approximately £7.9m ($10m) per annum.

Tlou claimed that it has already received indications of funding support from several existing strategic investors and from Botswana Development Corporation (BDC).

A definition, needed in both this post by chukkers and in OB/Donk post!

The levelized cost of electricity (LCOE) in electrical energy production can be defined as the present value of the price of the produced electrical energy (usually expressed in units of cents per kilowatt hour), considering the economic life of the plant and the costs incurred in the construction, operation and maintenance, and the fuel costs.

I'll send chukkers quote separately because it is too long to append here!

https://www.wikihow.com/Write-a-Proposal

This supports my understanding of the word proposal?
Asking a woman if she will marry you OR asking her when she wants to get married, without discussing it first
is a pretty yukky comparison to mine and OB/Donk ideas!

Imo, there are 3 commonly used "requests for" ....

RFI - Information - specific questions as a pre-cursor to an RFP or RFQ
RFP - Proposal - where proposal means suggestions! i.e. ball park figures on a variety of issues!
RFQ - Quotation - or price .... where the price is not complicated by many imponderables.

The govts RFP incorporated RFI perhaps. Was this every realsed to the public? 100Mw is all I remember.

We are now at the RFQ stage but it has been called negotiations?

OB/Donk it was about 100Mw - how much can you supply and how credible are you?
TG is totally credible based on his Aussie experiences, Sekaname is anybody's guess?
Supplying 2Mw to 10Mw looks easy compared to 97Mw? I'm amazed TG was not the sole selection, but as MM and others claim , the Govt wanted competition! Ends.

Found this post in my search engine, whilst looking back at what the hydro-engineer said at the time!
It highlisghts a couple of points, not least 2.5 years delay and $400M estimated budget by Sekaname.

"mrozzy
Price: 5.40
No Opinion
RE: ...6 Sep '19
Can access this article but not everything

Australian gas-to-power developer Tlou Energy expects to conclude by the end of 2019 the negotiations with Botswana Power Company (BPC) for a 30-year power purchase agreement (PPA) for its coalbed methane (CBM) project at Lesedi.

The initial 10MW CBM unit has an estimated cost of $15 million. Tlou Energy expects to reach financial close in Q4 2019, with commercial operations scheduled for Q4 2020.

The Australian company is offering a levelised cost of energy of $0.12 per kilowatt hour though this tariff is based on the initial 10MW pilot project. The project may be built out to the 100MW target as set in the tender, and could also include a 20MW solar PV on-site.

The PPA will also include a credit-enhancement mechanism provided by the government of Botswana to ensure project bankability. Tlou’s project will require a 66kV transmission line to evacuate power to the national grid via Serowe substation.

Botswana’s Department of Environmental Affairs advanced Tlou together with the other preferred bidder – local power developer Sekaname – from the RFP stage in the week of 20 May (2019). The RFP stage had taken nearly two and half years to conclude, including a re-tender in July 2018, but the two IPPs are now out of the procurement process and into the early stages of project development.

Sekaname – a subsidiary of Botswana-based gas exploration and energy development group Kalahari Energy – proposed a 97MW CBM project which has an estimated cost of $400 million, a source previously told IJGlobal. The national grid connection will be made through a 220kV line to the Serule substation.

Tlou Energy is being advised by Grant Thornton."

Donk, sorry if you are not Donk but you are, if you look back in history you will see that South Africa has been short of electrical power for as long as TLOU has existed.
The fact the they are selling it to Botswana rather than using it domestically is a HUGE CLUE as to why electricity prices in Botswana are so high!
Contrary to you alterego's thoughts on their economy, Botswana were very stable because of their diamonds and could afford to offer a too good to be true to Eskom! Whether that is still true post Covid I doubt but that influenced TG's decision to pick Botswana in the the first place!

Economy of scale for Sekaname? I have said many times on here, that KE told the Govt they were only interested in a large agreed supply else they would not bid!
Imho that was because they needed that security to raise anywhere near enough money to embark on their venture.
KE's name stunk after dodgy dealing in Panama was it? The Govt said they wanted, if possible, to deal with Botswanan companies so, again imho, the opened an office in Botswana and called it Sekaname as a pc move?

If you are Donk, you'll possibly remember discussing an old guy in hospital with me, who worked all across Africa for many decades. I quoted him whe he said Botswana was so financially sound due to its diamond industry that it could support the whole population without them needing to work!
I did not believe that at the current time but I had little doubt it was true at some point in the psat. He thought it was the best run country in Africa.

For the sake of fairness, when I told him about TLOU he expressed doubts about them, showing he was not that familiar with Botswana imho.
I doubted him, because he thought Botswana and the surrounding area had plenty of electricity from hydro power!
He was very elderly even by my standards so could have been 20 years retired, but he still had his marbles!

You display the same of comprehension as moagi - the tariffs HAVE NEVER BEEN AGREED with either preferred bidder!
You think the negotiations are to apportion 100Mww, I say that is set in concrete (until the 97Mw bites the dust, imho) but the negotiations are wanted by the Govt precisely to set the tariffs or prices, and the calendar for progress.

Neither side is able to do that imho, but Tlou may not be far away once they can resume onsite work.

Closed 7.2c equivalent a smidgeon over 4p.
Sorry Magnet, I know you don't care about the ASX price, which is incredible to me.
As an investor the Dow Jones index probably is of no interest to you either because you're on FTSE?
Or if your neighbours house sells for half the price he paid , so what , it's not your house?
Just because you don't have any interest, doesn't mean nobody else does!
You and Donk seem to think you speak for the world - you definitely don't , but on here the world does not speak for itself most of the time. ADVFN makes it tricky to get the ASX close once LSE opens so I grab it before 8am - that is why I put it out there for the silent majority.

Lateral thinking Magnet!

For me, personally, being able to pick up gems for 3.4p on the FTSE is more attractive at the ASX equivalent of 6.08c than 7.2c because I can deal on either exchange.
One day both prices are going to take off and the daily targets will be set by each on the other!
The same would apply if TLOU, heaven forbid, got into extreme financial difficulties and the price collapsed.

Everybody, please note the tweet supplies the edited version , and also the link to the original Belle Templeman broadcast.
It is only a little thing (where have I heard that before?) but it is an example of why I trust TG and Co are being totally honest.

Thanks Thornback - posts crossed - it is surprising how positive the new one sounds without the pleasantries and repeats of historical facts that are necessary for newcomers to understand the context of the interview. I expect Tlou missed Apiamma's link - it was difficult to find knowingit was present. sorry! My fault as much as anyone's.

Tlou appear to have edited it quite severely to make a smoother broadcast but the details remain consistent between the two audios afaics. afaich?

What am I missing here? I'm not familiar with social media favourites and all I'm seeing/hearing is a repeat of last weeks conversation that Appiamma gave us a link for. The tweet has chopped the first 3 minutes.

https://www.boardroom.media/broadcast-single/605189c8e52fc0001b6f5b75

In looking for Apiamma's post I came across thi link that I have never seen. Not read it, but we feature on Pages 23-26

https://www.bse.co.bw/wp-content/uploads/2020/03/Edition-6.pdf

The major part of TG's master plan is to go for staged supplies of electricity.
There are two reasons behind that approach.

1. Each successful stage will provide security for the next stage so the cost of the debt (interest rates) will be based on secure loans rather than high risk start up rates. A winner for us dhareholders and Tlou jointly.
2. As if that is not good enough, there is also a double whammy in or favour, if TG is right in believing ongoing power prices will continue to rise as demand in the African regions outstrip supplies.
MM's notice of the recent outage must support TG's strategy with the cost of imports and diesel no doubt rising.
If the price of diesel at the pumps in the UK is any sort of indicator, I reckon Botswana will be wishing they agreed prices months ago.

Will Sekaname's price (if they are able to do a deal at all) be for their whole 97Mw as and when it can be delivered. I wonder?
And willthey only be able to close to 97Mw anyway because they did not plan smaller stages as Tlou always did.

Just viewed Mfm's post (opened a second session) in case it needed a response - but mappily I am on the same page as Mfm for once! Long may it last! And why should it not with everything look more settled if the funders due diligence report backs this project as expected.

Cheer up, Whizzer, we have enough in the coffers to get poles/wires rolling and to see us through to funding time.
TG will then have the debt he prefers to dilution, and a huge incentive to start earning some money in time to start repayments on the debt. Unless things have changed, we were expected to have a 2 year holiday from receiving funds to first repayments.

From there, dilution will be be proportional to how little or how great the income is.
I have faith it will be high income, low dilution and you'll not be so sure.
Time will tell , so will get the our financiers due diligence partner or the name of the poles and wires company first?
I guess Wednesday will possibly see an RNS naming the biggest investors in the 75m shares, if they hit the required % changes.

I did not see the significance of Wednesday, but Whizzer is presumably looking at this?

"Settlement and Dealings
Application will be made for the admission of the 75,000,000 Placing Shares to trading on AIM, the ASX and BSE with admission expected to take place on, or around 24 March 2021 ("Admission"). The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects ?with the Company's existing issued Common Shares."

I'd have thought the money was already banked - releasing the shares is just red tape, and official dilution.
I do hope this isn't another false new dawn for Whizzer to moan about.

My search engine still works on PC , so I found this "Swinger" post once I came to bed..... VS and Mac El Capitan don't fit!
"swinger
Price: 5.40
Strong Buy

RE: Potential value of TLOU? 8 Mar '21
The potential value is huge, so is the risk.

I spent a lot of time in Australia and met some of the key Tlou personel and many of its largest shareholders that followed Tony from Sunshine gas. Most of them made 20 - 50 times their money on Sunshine gas (sold for 1.1billion) and put in a lot in TLOU at many multiples of todays share price.

The good times are coming and this one could be many multiples - do some rough maths of what 100MW plant could be and its not a 30 million market cap!

For me this could be a share I retire on so Im not going anywhere - if it goes wrong and I lose it all thats a risk I will take. Tony alwasy said he wants to do what he did with Sunshine Gas in Australia with TLOU in Botswana. I will take a 1.1 billion dollar sale in 5 years."

Bob, Selemo was brought online after that video and continues to supply Lesedi with electricity, and , as you'll know , plans to bottle and deliver by tuck have been replaced with a far more ambitious programme of generating electricity ourselves and joining it up the Southern African grid.

As mentioned recently, Selemo was linked to paying royalties to KE and work was diverted to the Lesedi main facility with no liability for royalties afaik. The video link did not give as much detail about Arrow and Sunshine as I thought but TG is quite modest about his achievements - I think it was he who says $3bn or so whilst the pundits quote $4bn at Sunshine Gas.

We have a poster on here who has invested his profit from TG's one of two of first two cash cows so he might know more, my memory does not stretch to his name yet, it begins with S and is something like Slender , and he is presumably an Aussie.

I don't like dragging up videos because the knockers on here have a bee in their bonnets about TG being far too optimistic about schedules. In my world, TG was helpless in avoiding the delays,

1. Sekaname requested an extension in the PPA process
2. Lesedi was much more water logged than Selemo
3. Eric Molale insisted on proof that the 2 preferred bidders had an "abundance of gas" before he'd push CBM as the "way to go!". Eric was replaced by Lefoko Moagi after the last general election and Lefoko is far more supportive than Eric.
4. Economic issues in the Govt partly due to Covid and of course Covid lockdowns
5. An almighty coq-up (Thanks Everyman crossword) on the PPA which meant nobody could tender for a CBM contract as nobody had the prerequisite of a history of supplying Botswana with CBM power!

I don't attribute any of those to the Tlou board, and I thank TG forsteering us through that minefield with no income.

Bob, 2 AUSTRALIAN CBM companies ,
Arrow + Sunshine both succesfully $1Bn and $3Bn or $4Bn depending which report you believe.

This video is good despite being very old. Plans have changed so delivering bottled gas is no longer on the cards at Tlou.

https://www.youtube.com/watch?v=4yyYJiNpdWM

Thank you Bob, it is nice to be appreciated , especially today after I tried to help someone who is beyond help!

He has made me feel sorry for TG - who bought all that coal and gas from KE not realising they were going to bury it half a mile underground :O)
It is hard not bear a grudge against TG mind you, he conned me into believing that I could buy a 12th of my holding for nothing if I gave him 2.2p for a sixth of my holding plus 4.4p for each share I want to be added to my holding at some time in the future - I think that is what Magnet is saying but you'll do well to get a sensible answer from him.

On Sirius we had a similar character - he thought there was a future for us if we pulled out polyhalite and sold the space it left behind to the atomic energy authority to store nuclear waste!

I don't play cards for money unless it is bridge for a few pennies per hundred. I watched a lot of the Channel 4 or 5 poker programs and decided it was more luck than judgement. Looks like an all Manchester FA Cup final is out of the window, though today's draw made it possible. Funny old football season!

You dont deserve thsi Magnet, but here is a simple definition of an option!

"An option is a contract giving the buyer the right, but not the obligation, to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date."

And, on top of that the issuer (TLOU) can allow us to buy or sell the option to other people!

TLOU declined to offer us that with ...
"Entitlements are non-renounceable and will not be tradeable on ASX, AIM, or BSE or otherwise transferable. Eligible shareholders who do not take up their entitlements will not receive any value in respect of those entitlements that they do not take up (and their shareholding in Tlou Energy will be diluted). " ....

so our brokers reflect that in our portfolios by valuing them at zero!

This is what TG put in the RNS on the price - good luck understanding it ...
" In addition to Offer Shares, participants will be granted one unlisted option for every two Offer Shares allotted ("New Options"). New Options will have an expiry date of two years from the date of issue and exercisable at any time prior to expiry at a price of A$0.08 per share."