RE: Kala in talks to build giant Teesside datacentre - Hot of the Press16 Sep 2025 11:08
Not read your post Bots so no idea what you said.
But if you need further proof of my dreams, here it is!
You'll see the Doc pledged 4m originally , and then upped it to 5m.
Was that because TLOU asked for it, or because the Doc win the lottery?
It matters not a jot - the obvious point is TLOU had not even drawn all 4m , far less 5m, afaik.
Ask yourself why a new RNS for that 5th million was there one minute , BUT WAS then UNNECESSARY?
Why would anyone choose to borrow money with interest due if they can get it free?
And when the lender undertakes to repay the capital from their own pocket , and hand over a third of the repayment (75% retained, 25% payable to TLOU) as working capital????
If KALA can make DATA CENTRE more profitable than the PPA with BPC , then TLOU will supply BPC themselves with that 25% subsidy from Kala plus interest free loans.
November 22nd 2024 was the last time we thought Doc was all we had.
Since then Kala has agreed to share responsibility for funding.
The wording from Kala's web pages gives the impression we'll be able to keep any profits from existing projects, leaving a possible issue on what percentage of our gas is deemed to be Kala's , and how much is TLOU's? Neither can be 0% so 75-25 50-50 or 25-75 maybe?? The % would only apply if both parties are able to utilise their share. Kala recognise the PPA could be more profitable than the Data Centre at various times.
November 23rd looks to be the earliest date that interest free loans were voiced. Kala trials in Jan and Feb probably distracted TLOU from finding a use for the Dr's unclaimed funds.
Kala wasted no time in agreeing the partnership after the trial, at which point the Dr knew he could relax and forget about fund raising through ILC BC Pty Ltd.
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Tlou Energy Limited has provided updates regarding its loan agreement with ILC BC Pty Ltd, with the most recent significant update being a boost to the loan facility to AU$5 million on November 22, 2024, according to MarketScreener. This increase built upon an earlier loan facility and involved terms related to the Lesedi project in Botswana and a potential conversion to shares.
Key Details of the Loan Agreement
Lender: ILC BC Pty Ltd.
Original Loan: An unsecured loan facility was initially established.
Increase to AU$5 Million: On November 22, 2024, the loan facility was increased to AU$5 million.
Purpose: The loan supports Tlou Energy's Lesedi gas-power project in Botswana.
Repayment: The loan is repayable at the earlier of three years from the agreement date or 60 days after the company begins generating and supplying electricity from its Lesedi project.
Conversion Option: The balance of the loan, subject to shareholder approval, can be converted into shares under specific terms.
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