Member Info for BradSmith

Kala are prepared to run with whatever they get. I saw 1MW mentioned somewhere.

It might even have said "up to 1m".

I have been waiting for Kala to announce their plans for Serowe , but I guess news will now be coming from TLOU.

The first interest free loan, and is that waiting for the generators to be delivered and installed, or the uptake of the Doc's pledged cash? I get the distinct feeling that Colm is waiting for Kala's next move following generation of electricity from a new production unit.

I am impressed at the timing of your responses , are you Australians?

Now I see why my assertations have been received universally in such a luke warm (cold) manner, I asked an AI question which supports the Winni and M1m understanding that the hedge is for Tlou's benefit and less so for Kala's as I was adamant about.

Thanks for putting me right on that - it makes sense to me now and that settles my understanding as far as it goes. Sensibly , the demarcation is what we'd expect to happen 100%.

So that leaves me wondering why Kala want that arrangement i.e. access to TLOU gas , for an initial 5 years?

Yesterday I believed it meant TLOU were deprived of gas for 5yrs and the PPA was dead unless Kala was going to satisfy BPC. Hence my belief the hedge was in the context of protecting Kala. And until they are earning it is their money that is being risked? In 5 years , I felt they were confident they'd be stable.

Today , I am happy to conceed that was wrong but I am left in a quandary as to the significance of that 5 years.

It seems that Kala are insisting that the minimum term for our partnership is that 5 years. So TLOU cannot legally abandon Kala prematurely and order them to leave the site etc because TLOU are set fair with CBM power and maybe Solar and no longer need Kala?

Kala will have established their Data facility by then I hope and maybe by then one of Donkey's favoured CBM outfits will be able to accommodate Kala with everything that TLOU has to offer? Especially if everything Kala is portable and they have not erected buildings to house their Data.

I now have a revised understanding and we are agreed upon most of it. All of it maybe if you agree on my 5 year justification.

In practice , this has removed all my doubts about how the PPA could be shared. I wish people would challenge me with sensible arguments more often. Silence is not golden in my book , it is more Blue Hydrogen.

My conclusion is still , why isn't the share price soaring? The future is better than I feared , 5 years is destined to become up to 50 years imho. As long as the current agreements survive that 5 year milestone.

Who needs sleep?

This is from Kala's announcement in March.

"This is a unique and strategically aligned agreement in which Kala will finance the upfront

costs of gas development, including the drilling of new wells and the expansion of

generation capacity. In return, Kala receives:

• Entitlement to use Tlou’s gas to power its computational infrastructure

• A profit share arrangement, under which Tlou benefits from a share of Kala’s

compute-related revenues

• The ability to fall back to power sales via the PPA mechanism if compute revenue

temporarily drops below electricity market value — providing a natural downside

hedge

• A framework to collaborate on future infrastructure and commercialisation

opportunities"

My understanding come from "The ability to fall back to power sales via the PPA mechanism if compute revenue temporarily drops below electricity market value — providing a natural downside hedge".

imho they are saying they are hedging their bets on whether Data or Power Sales will make money?

And they'll take the most lucrative route. Temporarily suggests confidence in the Data Centre activity being top dog in the medium to long term. The fall-back is to guarantee maximum earnings initially, in the best interests of both companies.

It also supports Winni's view that TLOU will ultimately be responsible for the PPA if the Data side lives up to expectations. As does "Entitlement to use Tlou’s gas to power its computational infrastructure".

We are both correct at different stages of the project?

I'll need to check later cos it is late now. But we have different understandings of Kala's plans, Winni.

I understood their words as meaning that they'd initiate the Data Centre funding , we agree on that , but if the earnings from the Data Centre proved to be less that than they could achieve by providing power directly to Serowe then they can , for the first 5 years initially , chose to use the gas we are supplying to Kala to fuel Serowe themselves. And that 5 years will possibly be renegotiated.

It makes life simple for TLOU - supply gas!!

And Kala will recover any interest free loans at the highest rate they can. After 5 years TLOU will be able to leave Kala in charge of earnings , or we can use some gas ourselves to provide power towards the PPA and beyond, or find a market for that gas e.g. Orapa , our original goals for CBM.

Whether BPC is agreeable to buy from Kala rather than TLOU in the first place is questionable. And if they are happy with that , will they then accept extra electricity from Tlou and settle the extra cost independently is problematic. That would be avoided if your understanding is the plan.

But the 5 years is totally futile imho if you are right? I think it is intended to get the project off the ground and on a sound footing for the partnership. And if the Data Centre is more profitable than the PPA the two companies will be able to function as they always intended , Kala Data Centres, Tlou Power to the grid.

And Kala will rescind their right to gas for BPC and the PPA. Debts will be cleared from our share of the Data profits at a higher rate than Kala initially get for upto 5 years?

Winni , that is why they are useful. That first extreme offer or bid is hardly likely to be miles away from the current book. If people aren't buying at 2.1 are you likely to get 2.9 on a sell?

And if you are buying with 2.5m wanted between 1.6c and 0.2c for several weeks and months would you try much below 1.6c with any hope? Not unless you have insider knowledge?

As to consultants , just think how many options we have?

1. Add a second well to #5

2. Restore #3 and try to make it compatible with #4

3. Expand #4 and or #6

4. Open new wells and consider Lesedi, Mamba and Boomslang for the fastest sites? And what dewatering is likely to do at each?

That is from my limited knowledge - there must be other thing to consider.

e.g. Kala have no immediate plans that I know of for Orapa. We heard Qatar are supporting Orapa so is it an opportunity for Tlou to leave the PPA to Kala and look at a pipeline from Mamba to Orapa?

Kala will not fund any of that unless Mamba also feeds Kala. Another Data Centre on top of Lesedi?

There will be loads of issues now speed in a major consideration after a matter of days or weeks.

And the door is still open for Hydrogen if a green lance becomes available one day.

Lse are idiots they are finding the slang for cigarette f a g in the link and replacing it with asterisks!

Thought I'd made a mistake with the cut and paste.

https://drive.google.com/file/d/1-zu82h6NxzzQlekQ1a_xz0DuY-HYGtxr/view?usp=sharing

https://drive.google.com/file/d/18ggybyolbj9lasyrqnpt***uowtozswh/view?usp=drive_link

links are incompatible it seems

https://drive.google.com/file/d/18ggybyolbj9lasyrqnpt***uowtozswh/view?usp=drive_link

See you posted on Hot Copper too Boo.

I responded there just now ....

Abond's concern does worry me too. There is a distinct absence of these interest free loans materialising and TLOU still refer to fund raising in a similar way to the TG days.

I cannot help putting myself in their shoes , and imagining what approach I'd take if I were in charge. The lack of news on TG's permanent replacement encourages me to think I got it right when I proposed the only 2 people I'd want to be considered.

They are both major shareholders and know TLOU inside out. Namely CEO elect , the Doc with all his experience in computing (so he can parle with Kala as an adult) , and Nathan Mitchell who knows the CBM industry as well as anybody (so he can decide which contractors to use to do what, and what to do).

I'd like to think Nathan has been available to TG over the years for advice , and will still be in the future for TLOU, but he is a busy man and I don't know anything in truth.

What I do know, it that TLOU are being totally opposite to me in discussing the future. My opinion is immaterial to Kala and TLOU so I am not going to offend either. But TLOU are not able to take Kala for granted and if they plan everything based on interest free loans, I envisage Kala getting the hump and turning from sweet little pets into offended CAMELS, spitting and biting and kicking and needing wodden clubs to be kept under control.

As Boo said they are very much in control , lending us money , and repaying it for us by making the best use of the gas we supply them with. We have to trust them to keep the PPA on the table so we still have a project to advance if the unexpected happens and the partnership ceases to exist.

Hopefully , it will not happen, and if it does TLOU will be producing enough gas for the PPA and maybe Orapa , and maybe even solar?

It seems obvious to me that Kala will have planned to loan us enough interest free money to provide them with enough gas to get the BOTH the PPA and Data Centres up and running. Anf Tlou have been relieved of funding worries and can go back to the old days when we'd intended to bottle gas and deliver it on lorries. i.e. merely a gas producer but without the need for lorries anymore.

Meanwhile the order book looks a tiny bit encouraging but has a log way to go

Current book from hot copper pages (not L2)

The women were his WIFE and GIRLFRIEND , to make it even more sordid.

I suppose the latter was the only at the time?

I was going to take 1.8c off the book last night, using some of my latest CBA dividend.

I checked the cost of 1.7c shares, transferred the cash, went to do the deal and the count had risen in the meantime - those pesky 20 minutes delays in ASX revisions.

Decided to wait for another day, when 1.7c appeared as the buy price onthe deal ticket.

No sign of 1.7c on the order book so I used my 1.8c budget less 13p from the exchange rates variation to buy coming on for 35k shares. Did another dummy deal and the buy was back up to 1.8c

Could not believe I hit the number of shares by pure fluke and I see a 23,172 @ 1.7c superceded my 35k so 58k must have been offered. 1.7c never showed on my order book which is now

https://drive.google.com/file/d/1-H5pzs1sVkFPutl7HCG0MivHvB5z5Py-/view?usp=sharing

Why hasn't the price doubled? Is it because people fear gas flows won't improve as I expect them to?

It is true they have stagnated for many a hundred days but there is good reason for that!!! The gas they are taking from the trillions of cu feet reservoir is doing what?

It is depleting the reservoir and is polluting the atmosphere in the form of a flare!!!

Where is the incentive to increase that depletion and pollution for X sake? Lowering it seems a better idea to me!

In Jan/Feb Kala may have doubted TLOU's ability to provide sufficient flows over the 30 day trial too?

And by the end of March they were so delighted with the trial they signed up for 5 years , and agreed to throw interest free funding at us! WTF more do you lot need to see this is destined to succeed?

We still cannot boost flows because the new generators have been delayed by a few days or weeks! Big worry after 17 years of expectations being missed?

Colm is confident that our first earnings will be imminent once the generators are delivered and installed and it is an absolute certainty the gas flows will be chased like never before once the gas is earning an income.

Carry on selling at 1.7c chaps, half price shares are welcome when I am on a meagre pension.

Tlou rose to the February challenge and will do it again in October. Lord knows they have had enough practise at pulling gas out of coals. The delays were due to funding expansions and having a use fo the gas - Kala are ready and willing to make both history. That is so obvious surely?

The Sunday Times, which reported on the matter, revealed that Hattingh sits on the tender board of the City of Cape Town, and saw fit to award his own company, and two others belonging to each of the women, several multi-million-rand tenders. This flagrant conflict of interest resulted in Hattingh and his accomplices supplying the city with cleaning materials such as shoe and furniture polish, refuse bags, and insecticide.

Refuse dealing seems appropriate for Bots to be an admirer - two of them dealing in rubbish?

The answer is over on Hot Copper.

It is unbelievable how low he will stoop to stab TG, Tlou and Botswana to stop people investing in this success story.

"Of all the people in Africa that a poster could quote, what sort of bird brain picks out this one?

Paul Hattingh Archives

Corruption Watch

https://www.corruptionwatch.org.za › tag › paul-hattingh

Our zero this week is DA official Paul Hattingh, who is accused of diverting lucrative contracts – to the value of R70-million – in his own direction over ... "

He saw fit to decry the new president as well as 60 years of the previous govts.

He really should be locked up in Broadmoor

Whoops - cut and paste too quick so hopefully it did not work for your gmail account if you have one in the first place. Had difficulty getting it into decent shape so here is the raw data , I hope!

https://docs.google.com/document/d/1fypy9QJ45n3iYpGlbMqLd24C0du9AZHIgovsQhXOigQ/edit?usp=sharing

I'm unsure why I got this but found it on my iphone as I tried to weed out junk 🦊

https://mail.google.com/mail/u/0/#inbox/FMfcgzQcpwlxdNXHPlgFsDWLkGNPWxNt

And also frustrated me until my 8th guess got the first word.

The link at the top is today's puzzle if you ant ro try it yourself.

https://drive.google.com/file/d/1pRIDkEoTqw_iFwj-3f4NIuq48Cwkun9Z/view?usp=sharing

The chump who was trying to buy at 1.8c has either filled his order, cancelled it, or revised it to above 2c.

Joseph Heller could bring out a new book Catch-25 which would be .. to make a profit sell at high prices , and don't offer your shares below their full potential which makes buyers think there is no confidence in the share.

We are at bargain prices because of our own collective stupidity. I think many people are too stupid to realise the village idiot, BOTS , is the most stupid of all.

Do they really believe TG, Colm, Pension Fund, Dr Campbell , and quite a few sophisticated UK shareholders are all inferior to a poster on here who does not know the Company Secretary does not work as a typist and coffee girl? And that was one of his more intelligent beliefs!

There has not been a single RNS that a major shareholder has sold up and reduced his holding to below the threshold for being a major shareholder. Nathan Mitchell left to successfully exploit a different avenue in CBM but retained his shares in TLOU. He knows TG better than anyone perhaps and clearly kept faith in his mate when he could have sold up at prices from 8p to 17p and back to 5.6p.

His shares might have passed to Bots 😮😁😁😁 who bought in that window, like many of us did.

I have spouted my feelings with monotonous frequency to counter the village idiot's incessant gloom.

There have been many false dawns in the decade I have been a shareholder.

I have bought so many times after a brilliant RNS , and emailed my sons to buy because I guarantee the price is about to double!!! And everytime the price dropped. I stopped emailing them long ago and have not even told them TG has retired and left the company in the hands of Colm,GG,Doc and a "coffee girl" because , imho , a fool could make TLOU work under the agreement we have with Kala. They allow us to simply extract gas the absolute minimum of our ambitions for years. And as long as Kala live up to their ambitions that are equally as basic for them - turn gas into electricity and drive mobile computers with it - TLOU's task is simple.

If Kala fail , then we resume where TG left off , buy our own generators and supply the PPA ourselves.

I think by then Kala will have proved the TX lines work and BPC will have adopted them.

Our board would need to sever links to Kala and Carry on up the Karoo basin as planned.

Whether Kala succeed or not , in the future, Kala could be happy to leave the PPA for TLOU to manage.

Reaching 25MW TX capacity is a watershed moment. TLOU will be established by then and will be able finance further TX lines and gas supplies from a choice of Lesedi, Mamba and Boomslang plus a potential pipeline to Orapa.

If Kala live up to expectations , I expect Kala to be splitting profits 50-50 on all of it.

that link is on https://drive.google.com/file/d/1oM_CsS4G6-JIy1n01lLfzFICShKSsH_N/view?usp=sharing

Prompted: kaladata announcements botswana

Response:

"Search Recent Announcements Regarding the Kala Data Centre in Botswana

The Kala Data Centre, a significant project in Botswana, is nearing its operational launch. Here are the key details surrounding the recent announcements:

Announcement

Details

Revenue Generation

Tlou Energy Ltd. announced that the Kala Data Centre project at the Lesedi gas-to-power facility is close to generating its first revenue. The completion of civil works and the arrival of the first data centre module are pivotal steps in this process.

Operational Timeline

The data centre is expected to commence operations by September 2025, with the installation of gas-fired generators to support its energy needs. This marks a significant milestone in Tlou Energy's expansion efforts.

Energy Source

The facility will be powered by electricity generated from Tlou’s coalbed methane gas reserves, providing a secure and cost-effective energy solution for high-density computational tasks.

Partnership

The project is a collaboration between Tlou Energy and the UAE-based technology company Kala Data, aimed at enhancing digital infrastructure and energy security in Botswana.

Technological Focus

The data centre is designed to handle demanding computing tasks, including machine learning and large-scale scientific simulations, utilizing high-performance hardware.

These developments highlight the strategic importance of the Kala Data Centre in Botswana's energy and technology landscape. The project not only aims to generate revenue but also contributes to the country's energy security and digital infrastructure growth.

If you have any specific questions or need further details about this project, feel free to ask!"

AI did not spot the short delay on generators , so October looks more likely than September for first dibs.

Two generators? One for Kala Data Centre? The other for TLOU onsite power? Our first loan interest free loan?

Do you still think this is a shed at the bottom of the garden operation , Donkey? Duck.AI does not consider De Beers to be an influence. And why would it? The PPA has taken a back seat for the time being. But it is not forgotten and once it is started I'm not expecting any more delays due to funding requirements.

I had to see what the fool had said before commenting upon him on the rival chat site.

He does not see to realise that we all consider it a great honour to be branded as clueless by him! We all know he is wrong on just about everything he thinks he knows - so clueless people listed in his book are probably all successful as Colm Cloonan who stuck with TLOU throughout and did not doubt TG would achieve what he set out to do!

"Whether Kala and a small scale AI data centre will secure their future - well my jury is out. It is still a really long journey ahead to cash flow positive position. A long long long way .... " was measured in minutes and hours - what an idiot!

He does not realise that TLOU cannot achieve anything but a positive cash flow for X sake!!!

They have interest free loans available , and Kala are not even asking TLOU for the capital far less interest.

They have agreed to no interest, and for the capital to be taken out of TLOU's share of Kala profits!!!!!!

And only 75% is due to Kala, TLOU will receive the other 25% , positive cash flow by anyone's standard surely?

What will TLOU do with that money? They do not need it produce more gas, they'll borrow that from Kala!!!

Well, if Kala are clearing our debt from a cheap billion dollar Data Centre , then who is going to provide the power for the PPA??? It has to be Kala or TLOU or BOTH!

I'm waiting to see if Kala can stop TLOU from producing power for Serowe or not within the 5 years agreement.

After 5 years ,as it stands , they cannot! And Kala profess to encourage partners to progress with their missions as well as the partnership. Will the 25%'s accrue for 5 years fom the Data Centre or from the PPA being managed by Kala? We must all have an open mind there - who knows ?

If Kala back out entirely from the whole project, or remain with 100% commitmentment to Data , then TLOU are enviably going to be able to resume the original plans and generate power for the PPA for themselves.

I also have an open mind on whether they will repay Kala's 75% if there is a debt. Hopefully we'll get 100% of BPC payments for the power we supply, and 25% of Kala's earnings from Serowe. If Kala succeed then BOTH partners will profit from the PPA. Whatever happens TLOU will survive as a Power House once dewatering nd new wells draw on the trillions of cu ft of gas ..... their main responsibility.

There is only one totally clueless idiot connected with this project and he is back on the filter.

One of the HC fraternity asked why good news is accompanied by price drops!

I announced my pleasure at buying for 1.8c and then someone sold at 1.5c

I planned to joke it was Donkey/GtP/Bots plan to show I am clueless because I might have bought at 1.5c?

The sale was for 800k shares so it was no joke really. A serious faux pas because I value this share at 3.5c to 6c to 11p an above within a couple of months and years.

After 20 minutes book

https://drive.google.com/file/d/1oDXDTw9J09SCFRHWj12N4QkF4P0f7q5f/view?usp=sharing

Snapped up all the 1.8c shares that were available - thank you,kind sir, for giving then away.

Over a million are being gifted at 1.9c

20 minutes have not elapsed so my buy has not registered yet.

https://drive.google.com/file/d/1lhFmPHDU4v4rsnI2J2dxNcSlP4HOf0Gd/view?usp=sharing