Member Info for BradSmith

It explains why corporate hospitality is popular.

They are going to be expanded and season ticket for it is over 6 grand a year!

Season Ticket holders will move out unhappily to where I watch games , and I'll end up moving behind a goal maybe! Club is increasing the capacity from 11,300 to over 18,000 so it might be possible to buy a season ticket again. They stopped issuing ST when Liz was first diagnosed and I did not renew my ST for a 3 yr period!

I get points for each match I attend so I get a choice of first day sales online. But I'm usually around 1000th in line in the queue. Choice is limited for the bigger matches. It works well , usually reach #1 within 4 to 6 minutes!

Cheers Winni , lack of boats too perhaps? Too many stuck with containers full of generators. The perfect storm with new Customs regulations as well.

Just been reading about Cherries fate if we get into Europe.

A new formula for pair play economy wise comes in this season. It is the ratio of earnings to expenditure on games with various elements being lumped into to those groups.

The gate money, players earnings, prize monies and other thing go into but the expert said the clubs with small stadiums will be hit hardest! Low gate money goes into the divisor where its impact is to heighten the numbers!!!!! We are likely to be in the region of 90% , and Palace, Brentford and Brighton are affected similarly,

Champions league matches should be less than 85% to comply , Uefa and Conference less than 70% .

The only way for us to lower the % is to sell more players at high profits!!!! e.g. Semenyo to City

The cost of transport and accomodation across Europe is going to be high too. It sounds desperate!

Players will demand bonuses which also have a negative effect.

This season there will only be warnings but the numbers carry forward to next season.

Football ain't what it used to be. The weekend kick-about is more complicated than the Stock Exchange now!

The numbers are around £200m or even £300m - plenty to see Tlou funded I reckon.

The pies and pints at grounds are too expensive for my taste , but if the club sees the profit it counts towards gate receipts. I expect the caterers get the profits but I'll see if an expanding waist line will help the club.

Winni , do you not agree that Kala needed to get the Data Centre started with the new production gear all in place to prove the trial last year was not a fluke?

That was kicked off sharpish, with generators ordered and paid for in advance for delivery in Aug/Sept!

Tlou broke the bank to optimise gas flows for their installation in Sept/October. With earnings and concept proved , the next phase could be funded i.e. extra wells and/or further gas flow improvements with new money.

Customs problems brought that plan to a stop! No generators until nigh on Xmas , with Tlou short of funds!

Kala and Tlou have achieved phase 1 now and have been operational for 2 months or more.

An announcement of that fact may have lightened the mood. But they did declare the Data Centre open and working and earning first revenues, and not reported problems, so phase 1 is clearly complete.

During the delay , Solar plans were brought forward and before funding can be announced they have to be agreed or otherwise! It is only a few weeks since phase 1 completed - so I don't understand the fuss and worry that is clearly rife between shareholders.

Imho it is going to plan , up to 4 months late, and the plan may be revised to include a Solar phase or two.

It has merit, especially for the Data Centre to grow from 1MW of Solar! But 5MW for Tlou will take a while!!

Would the time and money spent on Tlou Solar be better spent on Gas Flows which have to be done sooner or later anyway?

Getting it right is better than guessing. For me it all hinges on how much more dewatering is needed, over how long, and would 5MW of Solar be quicker? And are the funds available to do BOTH IN PARALLEL??

Sounds an expensive option but we planned for both originally , so in the end both needed funding plus INTEREST without a partnership. With the partner in place we can ignore Interest costs but can Kala justify funding everything at once? Or will they need to be done serially so we reduce the earlier loans before borrowing for the later work. Solar + storage vs Tx line + excavations , or all 4 together?

Must be tricky , depending upon the budget. Both boosts extra income for Kala unless the electricity is more profitable to Tlou from the PPA than the Data Centre.

I guess £13,800 or $27,600 is better than nought as you say Winni.

But I find it impossible to think that an administrator could not find a buyer for all that gas, (sounds like a song from a musical), a 100 km distribution line, associated gear at each end, a customer at Lesedi willing to help get the gas out financially, and already paying for the flared gas?

If Pilot are happy in Australia with the same customer , they are an obvious candidate. They also know how well Tlou are placed since March 2025 because of their own experience over a similar period.

And more importantly they'll know exactly how Tlou suffered with funding and unexpected delays prior to 2026. Would Kala want to partner a major company with money to burn? I suspect not; interest free loans to people they may not respect could go against the grain??

Is there an Arab miner who could take Tlou's roles? Or could Kala absorb Tlou into their organisation?

All that for the sake of Kala taking more than a couple of months to announce how funding will be found once the Solar ideas are set in concrete or buried until they are needed in the future (up to 40 yrs when gas runs out).

Failing all that the TG story is worth a film and Lesedi is a film set ready to play a part. The March 2025 agreement will be tear jerker as his hopes for Tlou look to be complete with violins playing in the background.

Tlou's future looks secure compared to the UK Govt. How on earth Labour can recover from being a disunited group of self interested pillocks by replacing their leader with another leader who won't reunite them or their policies , has no answer. And they'll be succeeded by a new party with unknown policies , experience of governing , or how to unite their members any more than Labour.

Https://www.marketscreener.com/quote/stock/TLOU-ENERGY-LIMITED-43428086/news-press-releases/

Not obvious whether Tlou have to put it on their web pages but there seems to be a similar idea going on.

ASX have a display as does the recommended site in the link.

£13,800 from 6.4m shares ( @ 5p worth £320k ) suggests the £13.8k is required urgently.

If you wonder why I don't proof read before sending out typo riddenosts , there is a reason for it!

I have not worked out what goes on, but when I scroll the box we have to type in ,both keyboard keys and mouse scrolling are capable of making the focus jump to random places on the page! And sometimes I cannot find the box at all. I don't have the finger skills on i-phone to ctrl-k or unpaste , but on the laptop where I can do those thing, I still cannot retrace my steps!!!

It happened yesterday , I was explaining to ripley that he should ensure his ASX shares are still in his ISA account if they were before on LSE. And that all ISA accounts are held in GBP , but ASX trades are in AUD , and that Tlou on ASX is a foreign share that can be held in an ISA!

I then showed him how there is no market for Tlou shares (6.4m put the mockers on that) and produced this table for him!

Trades in the last 30 days

Date / Time Market Quantity Price Consideration Commission Charges Value

11/05/2026 02:01 Tlou Energy Limited +15333 0.006 A$92.00 - - -£49.30

22/04/2026 02:45 Tlou Energy Limited +15300 0.005969 A$91.33 - - -£48.73

20/04/2026 01:12 Tlou Energy Limited +12860 0.007 A$90.02 - - -£47.97

15/04/2026 07:10 Tlou Energy Limited +13115 0.007 A$91.81 - - -£48.65

And I never found the long post , again! And then MFM distracted me!

So I am reticent to scroll on this site - and complain about typing into a box!

What a night I had. I was working from home and my younger son brought me a box of tricks that was a mini Data Centre effectively. It had a central operators console which used an old teleprinter like the BBC used to receice football results when I was a kid. The dream lasted what seemed like hours and I was adding and moving boxes I could from Exchange and Mart , and small ads, before I appeared in a huge complex where there some familiar faces. It was all mounting and unmounting devices to get the correct mix of boxes and I woke up late for me reaching for listing that was important and I was in bed not a box in sight.

I had the realisation that AI was all of these boxes from all over the world and was going to ask on of my revered old colleagues if this was so. It was so real and I can still envisage Alan's face , not unlike a young Alan Kansen the footballer, but I cannot place where we worked together.

I've neglected Ripley's current list of shareholders so I hava lot of catching up to do to keep MFM happy.

But I cannot say I missed the self-flagellation from my alter-ego Bots!

Tlou has some really weird shareholders on here .... born out by a sale of over 6m shares at Aud 0.004 last night. There cannot be many people with that sort of holding? And if it is all the same person at sub 0.006 there must have been over 10m in his portfolio.

On LSE Tlou had to issue RNS for major changes in % holdings. I trust ASX has a similar ruling but I need to check that! I'm trying to imagine a scenario where our two leading shareholdings who have convertible loans might be trying to balance their books but selling shares at these prices and converting at 3.5 or 6.5 (cents or pence I canny recall) looks like self-flagellation to me.

Makes me worry about Tony's condition tbh!!! Better see if ASX force % change notifications I think and thake my mind away from this a bit.

MFM , please think about you are saying here?

Given the length of most posts I make do you really think I have written 15,000 odd posts?

Check ripley's history and you'll see how many company's he's posted on.

Given the time I spend on TLOU , there must be 72 hours in every day for me to cope.

Https://bengribaudo.com/blog/2017/11/17/4107/power-query-m-primer-part1-introduction-simple-expressions-let

Still struggling to get round mysterious quirks with no explanation of what is going on.

I assumed "let" and "in" were mandatory commands in home-made functions - not a bit of it!

Ben seems to understand what the isolated newbie experience is like.

Thanks Winni, checking on Kala and the AI summary was what I put forward a day or two ago?

"The total investment needed for specialized, modular AI infrastructure in 2026 can be high, but Kala’s specific focus on utilizing existing (stranded) energy assets likely reduces land and infrastructure acquisition costs."

Stranded is mentioned alongside Tlou (Strategic Focus) before the summary ...

AI Overview

Based on the available information regarding Kala Data—which focuses on containerized, modular data centres designed to monetize energy assets by converting stranded or surplus power into computational capacity—the startup cost is highly dependent on the scale of the energy asset being repurposed.

• Modular/Small-Scale Approach: As a provider of modular data centres, Kala's initial startup cost is likely lower than traditional greenfield builds, which can exceed $10-$14 million per megawatt (MW). Modular setups can begin with significantly smaller, containerized units, potentially starting in the range of a few million dollars for initial units.

• Contextual Comparison: For context, a small (93 m² / ~1,000 sq ft) Tier III data centre in 2026 can cost roughly £5.0 million (approx. $6.2M USD).

• Strategic Focus: Kala's focus on converting stranded energy, particularly through partnerships with firms like TLOU Energy, suggests they utilize co-located setups with existing energy projects

Key Factors Influencing Kala’s Startup Costs:

1. Modular Deployment: Using containerized data centers can result in a data centre becoming operational quicker than traditional construction.

2. Energy Access: The cost to connect and manage power is the largest variable, with high-capacity AI-ready data centers requiring significant investment.

3. Revenue Model: Similar to other data centre operators, the model is often supported by pre-secured, long-term take-or-pay contracts, allowing revenue generation from an early stage."

==============================

AI is great except there is no URL that allows the reader to see the source.

Costs from https://siteltd.co.uk/what-does-it-cost-to-build-a-data-centre/

inckude this paragraph ...

"Key Cost Components of a Data Centre Project

A complete data centre project includes two major categories of cost:

Infrastructure build – the land, physical facility, power, cooling, racks, room construction, etc.

IT equipment – servers, storage, networking gear, and software required to run workloads.

Depending on the type and purpose of the project, IT equipment often makes up 40% to 60% of the total budget."

It is incredible how I am branded an idiot when the strongest evidence is there to prove otherwise?

Py those stacked letters puzzles have become tedious now I get 5 stars nearly every time.

The first word hint is the only one I use nowadays.

I spend more time on Sudoku now.

Liz used to do the the 3X3 mini Sudoku in the Sunday Express and said how tricky it was at times.

I was never interested thinking it was just wild guessing. Liz bought a book of Sodukos which were mainly 9X9 grids. And then a Carol Vorderman book on how to solve them!

If we has the wood burner lit, I think she ould have burned it!

Page 1 said arm yourself with pencils and erasers!!!

Liz reckoned that with her means of solving them every answer was certain to right! Indelible pens were perfect! I took an interest from there! I started with the 3X3 on Sundays and got stuck on most of them!

I asked the Oracle how she got started and she'd remember the constraints on every square. She'd show me which square could only be one number! I spent years trying to reach her level and never did!

I'd get stuck on a puzzle she'd never seen , and within a couple of minutes she'd find a square to enter the answer! You cannot imagine how much I miss her - she was so modest about her skills but I reckon she loved to be able to solve puzzles that I could not.

Anyway , the good news is that this puzzle producer has her equivalent on hand!

At any stage you have a hint button!!

If there is a square it will show which square. Just one though it will loop through them all!

I close the hint immediately and check to see what I missed!

The answer is usually simple compared to Liz's routine but it is still nice to see how they got it.

It has moved on light years , there is an option to pencil in the possible answers and it updates as you go along! I use the hint button and their manual pencil where a square is only one of two or three possibilities!

If you want to improve you enjoment try

https://www.britannica.com/games/sudoku

There are a number of levels every day up to expert!

If I ever reach stalemate at the end where two numbers can be switched in turn, and still give a valid a

answer , I 'll be able to track how they missed it or where I was wrong. It does happen if Donkey is not on my back. 😜😜😜 And I welcome being shot at if I have the wrong idea! I want to know!

It is a vital part of the learning curve. I still don't understand the RFP and PPA being in MW.

I read about Botala earlier and they are still at Tlou's infant stage i.e. production of liquified gas!!!

Did not see if they needed lorries or a pipeline for delivery but that is a decade behind us!

What does "thornback" like about tlou energy on lse.com

I tried bots_projects which produced am hysterically funny reply!

He must quote so much of my stuff thay AI clearly thinks he is me!

mfm was less over the top bur try it yourself , I expect you'll get a different AI to mine.

It was duck.AI but not sure if it is google's version nowadays. So fast!

thornback is really quiet nowadays but they got him quite well methinks.

AI Overview

Based on London South East (LSE) chatroom posts, user "Thornback" (active since 2019) has expressed optimism regarding Tlou Energy's (TLOU) resilience and potential for long-term development in Botswana.

Key points Thornback has highlighted include:

• Management & Persistence: Admiration for management's ability to keep the project going despite slow progress.

• Hydrogen Potential: Suggested using hydrogen to power the Orapa mine as a cost-saving measure to avoid dilution from further fundraises.

• Asset Development: Belief in the long-term potential of the Coal Bed Methane (CBM) and Solar power projects to fulfill power purchase agreements (PPAs).

• Path to Revenue: Expressed hope that the company is moving closer to first revenues and "lift off".

Thornback often posts from the perspective of a long-term holder looking forward to project completion.

Gee, made in heaven quote is from me surely? They mention LSE qualms so on here is likely , though I must have said it on Hot Copper too.

I love the way AI answers directly what the question asks.

Firefox seems to use AI even if you don't request it.

Here is the AI Overview

Kala Data FZCO ("Kala") is fully funding the development of a high-density, containerised data centre and computational facility at Tlou Energy’s Lesedi project in Botswana. This facility is designed to convert Tlou’s coal bed methane (CBM) gas into electricity for high-performance computing, such as artificial intelligence (AI), blockchain, and machine learning services.

Funding Scope & Details

Kala is responsible for the following under their agreement with Tlou Energy:

• Drilling and Completion: Funding the cost of drilling new gas production wells.

• Infrastructure & Equipment: Installing necessary infrastructure, including the containerised data center units and associated equipment.

• Operating Costs: Supplying, operating, and maintaining the facility, including monitoring computational performance and managing electricity consumption.

• Expansion Options: The agreement includes options for expansion, including the potential to integrate solar infrastructure to complement the gas-based power supply.

Financial Arrangement

The funding is structured as a 0% interest-free loan provided by Kala to Tlou. This loan will be repaid from profits generated by the data centre facility:

• Initial Profit Split: 75% of profits go to Kala (for repayment) and 25% to Tlou.

• After Repayment: Once the loan is fully repaid, profits will be shared 50/50.

Project Status (as of May 2026)

The data centre was officially commissioned in February 2026, marking the first commercial utilization of Tlou’s CBM gas resources. The first 1MW module was installed, with plans to scale up to 4MW or more in 2026.

=======================================

will kala decline funding for some tlou energy activities

AI Overview

Based on current information as of May 2026, there is no indication that Kala Data Centers is declining funding for Tlou Energy’s core activities. In fact, the partnership is actively developing and expanding.

Here are the key details regarding the funding arrangement:

• Active Partnership & Funding: Kala Data FZCO ("Kala") is providing capital to Tlou Energy to develop projects—covering gas wells, infrastructure, and equipment—via an interest-free loan structure.

• Operational Milestones: The Kala Data Centre is now operational at the Lesedi project and is generating initial revenue using Tlou’s coal bed methane (CBM) gas.

• Expansion Plans: The partnership is looking to expand the data center from 1MW to 4MW in H2 2026, and they are discussing adding solar power to the mix.

• No Funding Crisis Implied: The partnership is described as a "match made in heaven" with Tlou relying on Kala for funding, while Kala seeks cheap, reliable power.

While some market commentary (e.g., from LSE Share Chat) occasionally discusses the need for Tlou to maintain high gas flows to keep the partnership beneficial, the official reports and recent updates indicate continued, and expanding, collaboration.

Thanks for taking the time to respond MFM and for being sensible in so doing.

We are never going to agree because we don't have a mutual understanding.

In a nutshell , from myside, Tlou have had a series of setbacks and each one led them into a more ambitious new project.

Each one was harder to fund over a longer duration, with TG trying to minimise placings and debt , with funding from us a non-starter after the options disaster.

Kala set Tlou on a revolutionary path last March with funding seemingly sorted out. They opened a Data Centre but inherited TG's bad luck with delivery delayed by 4 months. Once the delivery arrived , the Data centre has been operational for maybe 2 months old with brand new production equipment.

Kala presumably checked the flows for a month, before looking into funding. A month into the live partnership they have not published funding plans. I am happy but they have been witten off by all of you on here since Colm published the ASX issue last year.

It is a gross injustice to Kala who have acted diligently and not thrown caution to the wind , exactly the TG approach!!! The mutual benefits of this partnership is transparent , for me, funding within a few months of opening the live Data Centre is perfectly acceptable. I am an atheist but I still have faith in Kala who are behaving in line with everything I hoped for.

Once Doc bailed us out with ASX , I thought Colm's worrying RNS was replaced by a more upbeat synopsis.

Wishful thinking on my part? I don't think so.

I will rest my case , I am certain that Doc, Colm, and Kala are content. They have to decide whether the PPA will be Solar powered for the first 2MW or 3MW , or whether 10MW will be the target for CBM power at some time in the future. On the way to 10MW , the first 2 or 3 will be in the bag.

BPC accepted that delay when Kala took over our flared gas for their own project in Jan 2025.

Solar for Kala to expand the Data Centre at an earlier date makes sense as long as Tlou are not held back from dewatering Lesedi. Tlou's role is largely dealing with sub-contractors so Tlou can maybe manage it, especially if both are fully funded.

We all await developments - me for a month or so, the rest of you for the decade or more that I filed as history in March 2025! That is the decade that Bots wallows in. For me , the partnership is in it's infancy.

Lost the final word of "Funding ourselves? Impossible!!"

========

Every new plan was more expensive than the last , but the long time rewards were better too.

We will be an integral part of an AI service , as well as filling our original ambition of being a power source for the region. Once we have dewatered, the profits will be available to enhance gas flows with no interest payments to worry about or dilution of the share price.

TG has set up the next generation of shareholders imho! He deserves a knighthood or whatever they have in Australia. Without Kala there would be a continuous struggle. But Kala are not here to mess around,

The new generator has hopefully reproduced last years results. And we'll hear soon enough about the medium to long term future. Solar for Kala , or Solar for both. Gas flows at #4 and #6. Future wells. Tx line completion. Should be interesting whatever is agreed.

I try my best to explain my view of TLOU.

The majority seem to think I am dreaming but I think it is they who are having nightmares.

All I do is use the evidence in front of me , and look at the motives behind it.

Why were we struggling to fund our previous plans? Undeniably true!

Plan A

1. I invested in Tlou to produce Gas cylinders of CBM and enthusiastic shareholders had faith that Tony would repeat his successes in Australia (which produced profits above $1bn and $3bn).

2. It was going well , Selemo reached desorption within a few months, gas was flowing and Tlou expected to deliver gas by lorry within 18 months.

Plan B

3. Then the Govt issued a RFP (request for proposal) to the interested parties, Kalahari Energy via subsidiary Sekaname, and Tlou Energy, who tendered for a share of a PPA up to 100MW.

Tenderers needed to name their proposed prices amongst other factors!

TG never wanted a PPA because he did not want to be tied to 2016 prices when prices were going to rise with time. And he was right!

4. The outcome was a PPA for 3MW at Tlou, and 97MW for Sekaname.

I have never found this article again but the latter insisted that they get a decent offer or they'd withdraw. Was 100MW decided before or after? Bookies expected 50MW each which TG could live with.

5. The RFP was a modified version of a coal RFP , and the rules were erroneously thought to be identical?

A Cut and Paste exercise replacing Coal with CBM gas imho.

6. Then a RFQ followed up which embarrassed Sekaname who asked for maybe up to 6 more months to compete theirs. Progress was hindered but then a flaw was discovered! Existing Coal suppliers had been asked to show evidence that they had supplied BPC in the past! An impossibility for CBM gas!!

7. Progress ceased, mistrust was overwhelming as revised requests were studied in detail for other mistakes. Tony's 18 months was thrown away on the effing PPA that Tlou never wanted in the first place.

8. The RFQ was probably the point that Sekaname asked for more time!

During this wasted time , of maybe 2 years , Tlou changed their goals!

I always wondered why 100MW was required? Why wasn't it cu feet or similar of gas?

I thought both parties had opted to deliver electricity to the grid instead of gas.

Seka were actually looking at liquid gas.

A TX line to the grid at Serowe was added - at least 2 more years.

Plan C and D (Solar)

March 2025 we moved on to supplying Kala's AI Data centre. An even larger scale operation!

Currently , Kala expects Tlou to supply either gas , Solar power, or gas powered electricity for free!

It will support the Data Centre and Kala will split their profits with Tlou 50% each.

75% wll go into repaying funds and the 25% as cash.

Meanwhile, Tlou can earn their intended income from the PPA independently.

A hedging agreement, allows us to deny Kala access to incremental advances on new gas power, if it is less profitable via Kala. Confidence? Funding our

I only repeat stuff because you are too thick to understand and was your quote from line 1?

Don't answer that.

Wan cur! Of course they have huge funds behind them. All this AI runnersdo , or has it escaped your notice how much the big boys are in the red on AI currently.

Kala were looking for disused oil fields with methane being flared. Have your seen the lavish Dat Centres with polished floors that you could eat your oats on, Donkey?

Were Kala going to make an old oil field their state of the art home? Course not - pollution everywhere and Pilot pictures show how much they need tidying up. At Lesedi I believe they intend to build Data centres that are worthy of being called their Southern Africa HQ. Maybe Pilot will be their Australian equivalent

We all know yer head is up yer ass - who else invests the time you do on a company in a country which you jave no respect for? I won't be reading you puerile posts about me more than TLOU anymore your generalisations are too irritating. I show why I think you are moronic you don't how to do that!

In the last 24 hrs I have only had 4 Weetabix with milk to eat. Being anchored to a catheter is sole destroying without having to read your tripe.

And faecel overflow tops that any day of the week. The washing machine is working overtime.

Why do these things always arrive at weekends when the surgery is shut?

It would complete hell keeping Poppy away from me , so at least I don't have to worry about her.

You might discuss with the others how Kala are going to build an AI business with no backing or property for their business? Look at their promotional sites if you can.

Hiya MFM,

I might agree with you if you did not ignore the fact that neither party gambles without justification.

TG took a flier by ordering the TX lines but they were essential to PLANS B and C!

And were expected to be the longest delay in our critical path at the time.

Little did we know that lockdown was imminent for an indefinite period.

Kals wanted Tlou to demonstrate steady gas glows were attainable in 2025 before proposing a partnership on the terms we know so far.

They jumped in to get generators for Kala to power version 1 of the Data Centre.

After a delay it has gone to plan with Tlou running out of working capital and ASX getting snotty.

Tlou expected to be funded in autumn 2025 to continue expansion of the wells.

However, new generators has not been able to replicate the trials because they never arrived in time.

Kala made good progress once them arrived and declared the Data Centre open a couple of months ago!

Funding could have started then!! But now Solar power had been added to the mix!

So the funding has become an if then else flow chart!!!

Kala simple say if this then thay amount is available else another amount!!

Especially for an AI business!!! We need them to agree PLAN C and the critical element is WHEN WILL DESORPTION be reached?? Tlou have downed tools and engineers I imagine because of ASX, so momentum needs restoring. The story of Tlou's life.

4 lost months is a long time in a 1 yr old partnership. And every delay seems to end with a more ambitious target. Solar PPA is Plan D as far as I concerned. Solar for the Data Centre makes funding easier, a 1 MW Solar farm seems possible in 2026 and Kala are keen to build version 2 of the Data Centre for sure.

They might be able to work in daylight hours and make storage unnecessary for their R&D exercise. And we await news of generator 2 and #6 . Could that power version 2?

The options make what Tlou receives a bit complicated. Which is Kala and which is Tlou's expenditure?

I thought Kala said the first 6 generators were paid for out of Kala's own contingency reserves. But it may be only the first 2 that were held up.