It is difficult to comment, BTS, I have stated what I believe, as has TG in my book, but not in yours and others.
There was a huge delay with Botswana's announcement of their preferred bidders. I have always put that down to Sekaname insisting on a large order to make it worth their while.
TLOU consistently wanted 10Mw in stages and Botswana wanted bids for 50Mw!
Too much in my book already, but they raised it to 100Mw , surely to accomodate Seka's demands?
There was an almighty flaw in the tendering process whereby neither of the two bidders could be considered from the off.
BG stipulated that to qualify for consideration, companies must demonstrate they had previously supplied CBM powered electricity to Botswana. The retendering under new rules and regs caused the delay. Both parties must have queried every clause that was ambiguous after the first round!
Dewatering caused the latest delay after process. More water than expected will vacate either a larger area or more fissures - both suggesting more plentiful gas but I'll shut up there. I've stopped posting on Advfn and I am going to back off here as much as I can. I am monitoring ASX / TOU because they might trigger the stampede once news breaks. Hopefully forwards but who knows?
Chukkers, Selemo is powering our domestic generators, savings us buying diesel.
Donk's royalties definitely apply to Selemo gas, I am hoping (against my belief) that we'll go live with gas outside the royalty zone. I think Lesedi is still in PL002/2004 but we do have rights outside that area.
Who knows, the phased development might be to phase some of them in? TG is not the type to say he wants to shaft Sekaname's nest egg. There is no substance to that idea, purely conjecture on my part, from my wish list :O)
BTS, nobody should be bothered by a temporarily low price, unless there is a need to sell, of course.
Bit like Liverpool going 3 down - you expect them to win in the end, unless you support Barca, :O)
IF #3 and #4 produce more than enough gas to fuel the first generator, then TLOU will be totally on course with their plans.
It seems inconceivable that the price will be below 10p for long after that news. We've hoped for confirmation of this for a few months, and news could literally be released any minute, hour, day, week, or month - not years as you fear.
Of course, the news might be bad and the gas won't flow .... that fear is why we are at 5p .... not because we don't have orders.
Haven't taken my Sertraline today, better do it now, in case I start bothering after all.
It all comes down to whether you have total faith in TG .... he knows whether things are good or bad .... that is why his smiling version of late encourages me all is well.
ASX market looks totally dead TOU wise, but getting details of trading there is tricky.
Once the price starts rising, I envisage a stampede, but will that be first on ASX or AIM? Both are so static that there is no impact on each other's sp in either direction. Gas flow publication will be the ref's whistle - but will the RNS be before UK trading opening hours, or ASX's?
We only need them to support that first 2Mx generator to get us rolling .... but will Lesedi #3 and #4 alone provide enough gas ? The suspense is tiring I must admit, and it has only been a few months so far. I feel a Topol song ,from Fiddler on the Roof, coming on! If only I could stamp my left foot :O)
Well said AE, it is refreshing to hear someone who is not obsessed with orders being made for electricity that are not required in advance. The demand is there in several countries, not least South Africa, who prefer to supply Botswana at a premium price, rather than address their own domestic shortage for less!
Botswana will snap up our production imho, but if they do not we can offer it to South Africa. That sounds ridiculous - the two countries selling to each other? The Minister of energy or whatever his title is, has said Botswana will throw itself behind CBM powered electricity if it is feasible. That predates production - why don't people see that actual electricity has a ready made market?
TG repeatedly says the price will rise and wants to sell at the prevailing price upon production, and not at a lower pre-arranged price from 2019. The sp has been held back by such worries imho , TG ain't bothered , I am not bothered and neither is Kate Tate. I am bothered by people who are bothered though :o)
Myo why didn't you post the whole post, I thought he had produced some figures which you had redacted.
Took me ages to find it on page 36 of his history!
What you failed to say was the price was over 37p on the 1st August of last year.
We were all fairly rich, on paper. Would have been a good day to cash up?
Lesedi 3 and 4 are expected to provide enough gas for the first generator , say 2Mw with a bit of confidence.
I have debating with another poster that this is sensible approach whilst he takes Sekaname's side and says a straightforward 97Mw is the way to go!
48 times more gas will take a lot of wells, and therefore time and cost, so we will, hopefully, be on the grid with several generators - if Seka ever get there. I think the guy is playing devil's advocate but I'm not sure on that board.
He admits to owning shares in Tlou, but criticises TG endlessly, and me for being a sucker!
It is a fair bet he is spending his giro each time on more shares and it trying to keep his outlays at 5p - that was a joke -he is banned here so he cannot reply. Who's a torment :O)
Carondean, it did not stop Boris getting elected :O) , but on the other hand it will stop Jeremy I suspect.
Scotty, sat on a Honda NC750 DCT just now. The demonstrator is for sale, 19 registration, and 3000 on the clock.
Very upright seating position so better for posture than a sports tourer maybe.
Agreeing with her is a good idea to be happy - but I'm not sure about admitting to 'having' a mistress?
Interesting progress on the SP - the 10p clearly galvanised some shorters into getting out - they clearly never expected the quick drop back into Fram territory. His account is still in profit but will only buy the first drink at the £1 party - for just one person :O(
Zak Mir .... 5.5p is trigger point for revival to 7p .... some might say it has already started.
Hope the chartist is smartest :o) , not sure of how he arrived at 7p tbh .. the blue line moving average looked incomprehensible at the tail of the graph.
If you are worried by the delay is gas flows just listen from 4.5mins in to 6minutes - it will reassure you (well most of you) that the weeks into months delay is getting results is actually brilliant news.
Sorry to send so many - I had broadcasts running while working on spreadsheets and broke off as and when, more often than I thought. Got my ASX dividends to sort out.
CBA dividend, sorted, ex-div date reached, so now into Westpac for their November divi!
Found another historical one.
Our future depends on this guy, and whether he is being honest with us.
No matter what I review his story always adds up and is consistent.
Here he is talking weeks for gas flows - so he got that wrong - but imho there was no intention to mislead us.
That is what he believed at the time. Newcomers can see how he thinks in this video, make up you own mind ....
Brilliant find Guy , but I cannot find it on proactive which is weird!
Looking for it I saw this one timed at 6am but no date (I have moaned about that before).
Worth repeating - TG as happy as I ever seen him.