Member Info for BradSmith

I cannot see how you have come to your conclusion Whizzer.
The only commitment I can see is that applications must be in by October 2nd.

TG has strongly pointed out that nothing is guaranteed!

RNS from the 16th ..... "No representation is made that any of those statements or forecasts will come to pass or that any forecast results will be achieved. You are cautioned not to place any reliance on such statements or forecasts. Those forward-looking and other statements speak only as at the date of this announcement. Tlou Energy Limited undertakes no obligation to update any forward-looking statements."

And from today's RNS .... "No guarantee can be given in relation to the results of the Company's operations, gas flow rates, success of PPA negotiations, approvals being granted or the ability to secure funds as required to progress operations."

Personally, I don't think he needs to put it in black and white - my dental appointment (routine checkup) for July 2020 has been postponed until March 2021 - and is that going to change?
The complexity of TLOU's plans is rocket science in comparison, imho of course.

He doesn't have a crystal ball but , more importantly , he does have a CV with 100% success in the CBM sector. Some use history to predict the future, especially chartists!

MM claims to have been in charge of a team of investors and has been spouting STRONG BUY on here for years.
I wonder how much his followers would have lost had they followed each of his String Buy posts with a hefty buy? H

Looking at the table again I guess I see what it meanns. The 3P value remains throughout, but in year 1 there was no 2P or 1P to report. I'll look at it again properly, I think the C (not P) references in the lower table put me off track. Scrolling that document was not eassy it kept jumping too far! And scrolling back was not too clever either. Not a fan of pdf files!

I read most of it until the auditors report and there was nothing unexpected imho.
TG has told us the company is not guaranteed to succeed but we should know that already. Against that he is confident we'll survive the next 12 months and I'm expecting a lot of change in that time. Decisions on the future of BPC are very urgent, Botswana cannot let them flounder as they are - they'll have to back them or dump them. If they back them I'd hope Mr Moagi will tell them to get our future sorted out pronto! If they don't back BPC heaven knows what the alternatives could be.

I'd like to think Moagi or Bera or both could take control until it is sorted - all of those would see a PPA quickly agreed imho.

If any of you understood the figures on gas reserves I'd be please to hear what you have to say.
Huge BCF a few years ago have dissipated dramatically to fractions of a BCF now - the gas must still be there so I am missing an important point (is it the decimal point position/existence perhaps?).

That's where we differ so much Whizzer.
Contingency plans have not taken 3 years - anything that old was crunched at the end of 2019 by the pandemic.
They have had precious little time to keep us on the crooked lanes and rough tracks and are driving a quad bike rather than a cadillac imho!
TG might not be doing what I believed in my deleted post .... but I have a lot of money invested here that says he has. He shutdown #4 to save the gas and reduce costs, and is getting the poles and wires etc organised. Whether the covid rules will allow implementation soon is unknown but the work has to be done. It won't be waste of money.

MM getting his money's worth no doubt?

Transmission lines are the priority My1m - we have until they are ready for use before we need the items you mention. I cannot see TG being happy to wait for electricity generation so his contingency plans will become operational plans unless Botswana pulls it finger out.

I think they will , I have faith in Mr Moagi and the president too.

If I didn't I would have been long gone. I've paid my money, and taken my choice.

IG fixed quote to buy is 1.96p
The % spread is caused by the {oikes (typo but so appropriate, oil leave it)} likes of you Whizzer!
You encourage punters that any stupid price is likely to be taken, so they try 1.59p with no real hope of getting any BUT , of course , it screws the spread royally. And at that price a fraction of a penny % wise becomes very significant!

Quite right Chukkers, that was the incentive for TLOU to request an interim IPA.
They were happy to flare for a short time but given the delays in dewatering and everything else it was clearly wasting good gas.

On the earlier question there was definitely a time clause in the agreement and that is long gone.

Magnet, my UK AIM allocation is not registered , but my ASX allocation appears as paid zero, value $0.0001 , both with IG. My AIM holding on my X-O accounts do not appear either.
The ASX price of 8c is definite and it is possible the original FTSE equivalent price of 4.4p will be payable. However fx fluctuations, over a considerable period, might change that 4.4p price. Brokers may be holding back until the UK price is set in stone, presumably when 8c+ is achievable on ASX.
Whatever we pay for options will be TLOU money and I think they'll want 8c after conversion to keep it fair? When we discussed this a while back, several thought 4.4p is nailed on.

8c is not mentioned in my ASX portfolio , just $0 and $0.0001 , so why UK brokers do not give us confirmation of our entitlement is very odd.

Has the company announced that all sites for the poles are in the bag?
It seems obvious that they must be.
From the little that I have read we are displaying much confidence in the other half of the project, with talk of up to 100Mw, the timescales are very encouraging too.

Face to face Whizzer? It will take a long time to meet with every potential supplier in the world - we don't know who will bidding yet. This is sending in your CV time - interviews come later!

The interested parties will have a common agenda so there is a world of difference between that and our meetings with the Govt which could be more like the Uk's Brexit negotiations.

I have just looked at ADVFN and found their only poster in sensible mode.
He seems to think he is part of the chat here and is responding to our posts over there.
They are worth a read for once. Not as vitriolic as usual, but critical all the same, in a reasonable tone.

Your 13:19 was the best oxymoron I have ever seen. Well done Whizz!

Of course not, how can anyone be comfy with Covid? We don't even know if we'll be immune for any length of time if individually we survive an infection.
But at least we haven't gone to the wall yet. Plenty of companies in much better health than us pre-Covid are going to fold for sure. Pubs are being closed a few days after stocking up and reopening, schools are closing a day or two after re-opening, I can see many countries being bankrupt trying to keep the populace in work! Comparing most businesses to TLOU , yes, I reckon TG has made us relatively comfy in a world with no easy chairs.

If there had been no epidemic, I think the imminent funding may have still suffered unexpected delays because of BPC's position. We have been warned that there is no top management left to decide their strategy but we didn't know they are broke in all senses of the word. Funding us because we have a contract with a dodgy organisation was bound to become questionable (from whatever source it was coming) , and that contract has not been reached anyway.

TG has kept our powder dry in the most unfortunate of circumstances imaginable imho.

I tried to differentiate between "moving along" and "full production" in vain it seems.

Imho, "moving along" means that they are doing 'something' during Covid rather than 'nothing'.
I think I have more faith in TG than the average Joe, but a lot of folk on here don't seem to think through what he is saying and treat every word as gospel. And blame him when reality hits home.

Making progress with Mott Mac is good news but it sure as hell does not dewater Lesedi.
Perhaps TG should tell us he is hamstrung by Covid explicitly, instead of giving us credit for knowing we are not the only company in the world whose business has been unhindered.

Hi Thornback, I agree with your thoughts regarding the offer.
But, a huge but, TG was forced into that offer in order to raise enough cash to survive beyond the 9 month period after which ASX would have questioned whether we were were suitable to be on their books.
Raising that money has taken the heat off getting funding. I guess there is enough under the bed to get the project established up to implementation proper. Then funding will be be essential if our subcontractors need to buy materials and pay wages etc.
AFAICS that day is going to be quite a while , maybe only after a proven Covid vaccine is released to the world. Meanwhile I am happy that TG has partially shutdown the site so it is not costing a fortune, but is still extracting water in preparation for a return to full scale work.

TLOU could easily have died once Covid spread across the world - it would be pleasing if someone other than me also gave TG credit for applying CPR! If I was TG I think I'd have packed it in a stuffed you all after all the unfair criticism of hi and the board. Instead he is still trying to look after shareholders by keeping the number of shares to a minimum.

Imho, I believe you are giving BPC far too much significance.
I think BPC may be the main problem because they have lost credibiity on most fronts.
Moagi and Bera look to be the key to our future and it is a reasonable bet both are on TG's side.

Why would BDC fund a company which has a PPA with a body that is likely to be closed down?
And are TLOU ready to receive funding yet? I don't think we want the funds until we can be confident we can use them to produce a return (to help repayments two years later).

M1, I bet your brother does not have Botswanans on his media, speaking in their second language !
I reckon face to face talks are very difficult with all the documentation to hand. TG did not say he needed face to face meetings because it was possible to have effective online discussions.
These talks will determine the future of the company for X sake.
Why do we have daily Covid briefings with Boris and co in the same room and journalists online?
They are not great presentations imho and the techies are behind the scenes flowing the slides to us. It would be an abortion if they did it remotely, and that is in the UK!
The lack of imagination here is dumbfounding .... I'll shut up before I start on meetings with potential subcontractors and their staffing and material supplies.

Keeping busy and finishing the hole job are two different things.
I can keep the house tidy and clean but it does not help a jot with the garden!
The important news was they need a meeting to iron out the terms and conditions - that is Tlou's garden! And why can't that meeting take place?

Until such a meeting is possible the gardening is not possible either. We can order all the Stihl equipment we like, but if Stihl cannot deliver yet what is the point?