Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
sod it! i used the new platform on ig instead of the friendlier old platform. the ********s seem to have switched my buy into a sell and because of all the superfluous rubbish on the new platform i never noticed!!
so i sold 7k which is ok - it is still 1 transaction - but it will almost surely have cost me a few shares!
i tried to buy what was just just over the minimum £90 trade so i revised the quote to 7k for a £105 total and did not see they'd defaulted to sell!
Well said Olda, of course he does. When he embarked on the Tx pole and wires he was not gambling a great deal of scarce funds on a whim! He is too frugal for that!
The failed placings demonstrated to me the urgency he had to extend the wells as fast as possible because there is enough gas to go live from #6 and #4 - his frugal hat would have preferred to get certified gas flows, rise the share price , deminish the levels of dilutions as a result, and then delay the momentum with a long wait for theTX lines to catch up????? And problems with the gas flows which would be wasted or capped?
Imho he has it 95% right - the 5% was the placings which were the biggest risk die to the plonkers that don't have lost the faith in him! And a desire to keep the Doc's holding around 34% which appears to be what the Doc intended by withdrawingfrom that placing. And TG could not be certain that we'd bury our heads in the sand!
With Botswana and Australia addresses needed , he clearly ignored the volume of sand in those countries?
3.5c was cheap but the stupid 3c SP makes that hard to believe I guess? I thought it was worth losing money to make the placing a success but as usual I am a minority of very few shareholders. And TLOU forbade me doing it because of my address which was a bit silly.
My monthly top up has failed - no shares available after my first 7k tranche went through.
I have reached end of February and trades today will settle in March.
Which month will IG consider is applicable to those trades?
I did a search on google and found the same question in 2020!
Pleased as punch to find the answer I clicked on it , and it was not answered!
Then I saw it was from me under my Aussie avatar at the time.
When I research TLOU I often find posts from these pages in the replies. Strangely Donkey never appears so it shows how irrelevant his posts must be. "Sekaname economy of scale" will surely find him in one guise or the other, maybe!
I take issue with the views on here though I respect HB and Winni and the filtered one is still filtered and is probably now a fat ball sewerage blockage!
The share price is where it is not because of delays but because TG has made sure TLOU can afford to support the project in it's current state.
Imho the project is progressing perfectly.
Selemo proved the concept yonks ago!
Lesedi has been very slow to dewater compared to Selemo which responded to horizontal drilling in a couple of months after our predecessor failed to dewater vertical wells and achieve sufficient gas flows BUT HOW MANY YEARS THEY HAD DEWATERED SELEMO and how much were horizontal wells responsible?
Was Selemo a better choice? Lesedi #6 , presumably helped by varying degrees of dewatering at #3,#4 and #5, is reported as flowing up to expectations! #3 and #5 are dormant due to lack of funds , but #4 has been improved with the experience gained from #6.
It is common knowledge that initial dewatering can take months or years but subsequent wells benefit from that and are much quicker. And , with no plans for the gas, increasing gas flows before the Phase 1 (25Mw+ to Serowe) WITH NO INCOME is not critical.
We are now within weeks of completing the Tx lines and generating an INCOME which is where TG expected to be yonks ago when we were going to sell GAS CYLINDERS by road haulage.
Imho the project is entirely on course and self financing will make getting finances on a secured loans much easier if TG goes that way. And if he goes for dilution then it will be healthier dilution with a much higher share price tha recent placings! Those failed placing will prove to be a blessing in disguise if I am right.
In short , TLOU are on course and the only thing that is damaging them are those recent placings which dragged the price from 5p+ down to the 1p+ that we see. The special deal at 3.5p in the UK should never have dragged to market rate to 3.5p but I have said that many times! 3.5p without the 4.4p option for 2 years was not a terrible concept and it raised the funds required within 24 hours but so many prats tried to profit by trading out to come back in a lower price repeatedly since then is responsible for those 1p+ prices.
Had they not lit the gunpowder and Covis did not kill off those 4.4p shares within those 2 years we;d have been OK! The options would have been TG's gift to us and fully taken up at 4.4p with the share price being 8p+ imho!
COVID is the main reason and misfortune from us having too many prats holding shares with Parkinson's disease - shaky hands letting go of their golden shares.
Npwharf, I think you are referring to the Tlou financials rather than the whole picture.
The assets are huge with 3 trillion cu ft of gas, a TX line at the door ready for the easy part i.e. connecting a generator to the gas and the power to a substation using tried and tested methods.
All over the world methane is escaping from the ground and polluting the atmosphere. I find it impossible to believe that believe that TLOU methane is going to hide away forever. As I have said many times, there has been no incentive to maximise gas flows whilst all we could do is to cap it off or flare it? I assume Selemo continues to provide enough electricity for the site and Lesedi #4 and #6 gas is surplus to requirements. #3 is in the wings too.
Once it is all systems go who knows whether #3 will burst into life as the coal dewaters and unplanned channels appear.
If TG wanted out surely there would be buyers out there who'd welcome the chance to take iton.
The Doc , Pension fund , UK group that raise money over 24hrs could afford to buy us little guys out plus the TG trust/group which might only total a thrid of the shares?
Not sure it would be legal to do that. If TG was included it should be totally illegal but companies do buy back shares to reduce the share numbers for the current issue? And the Oil and Gas companies that are making billions will surely include one who'd buy up the project to reduce their tax liabilities and have fun in Botswana.
I can't visualise Lesedi becoming one of those Nevada ghost towns somehow. Sirius went for peanuts but was too big , TG's frugality has provided an open book for any new developer! I cannot see TG leaving this with huge losses on his investment when it is so near to phase 1 completion and the excitement of earning revenues..
I hope you did not reply to me mate, I am finding it very easy to honour my filter because I am no longer concerned that you can damage TLOU.
You have lost credibility on here with 99% of us for starters.
And TLOU have passed the point of possible failure.
We are now at a point we expect we'll be at several times up to mid-century.
i.e. New tx lines being added to the existing supply.
This is the first one , but in 25Mw time we'll be in a similar position with a higher capacity Tx line needing completion to addtional wells. Whether Serowe will be target , and Lesedi the source , I dunno.
Mamba to Northern Botswana , or Boomslang or Lesedi to South Africa are conceivable.
Orapa makes Mamba favourite behind Lesedi-Serowe imho. Why not feed Orapa as well as SAPP and Northern Botswana.
I have often wondered why Gabarone is not the chief target - I'd expect the demand in the capital to surpass the rest of the country without Orapa which is trying to manage it's own supply.
I can only guess at what the sire idiot said.
I suppose Sekaname will revalue the Pula so that TLOU earnings from 10Mw in the next year or two , and then 25Mw+ to follow from extra wells and Solar WILL MIRACULOUSLY be worth less than Seka' icome from 6Mw is 3 or 4 years time?
Let's face it , Seka need Tlou to be successful in the next 18 months if Seka are going to get the funding they need. I guess there will be Mafia money available to KE but they will have an eye on Tlou's progress too.
KE got some cash from a US bank - I wonder if they are happy to top up their investment?
The pension fund will be happier with Tlou I reckon. Their 11p buyin will soon look reasonable imho.
HB 12 years have elapsed but they were not all productive through no fault of TLOU.
The RFA fiasco which was impossible to satisfy lost all the momentum at the start , and worst , killed all the early optimism and produced a safety first approach instead of the previous laissez faire attitude that was going to have lorries deliver cannister of gas within very few years!
That mickey mouse target was soon replaced by a full blown ambition of becoming a leading energy producer which with hindsight dragged this out for eternity (it seems).
We'd have been operating the mickey mouse plan for yonks had we stuck with it and lord knows what sort of business we'd have had going into and out of lockdown?
TG has worked miracles to keep us on track imho - and we are now in the mickey mouse position we had all those years ago but with MASSIVE potential to be a power house in Botswana instead of a Disney gas cylinder provider with plans to move on to more ambitious projects?
We'd have all been out of here I suspect having made a nice profit at some point. Would we have been taken over? I dunno. The modern TLOU energy will definitely attract the big boys perhaps. But I hope we grow into a big boy with TG at the helm.
Interesting developments here - I think TG or CC have made a boob by having the latest placing when they did and how they did it.
Until today I honestly believed Orapa was in the market for gas to power their dual power generators which are capable of running on gas or oil and diesel prices are prohibitive! Switch over always looked problematic and they'd have no power while their generators were adapted to gas once the gas arrived via pipeline.
It looked to be a long term solution to me and Mamba was the obvious source.
Until Lesedi was earning, it seemed a step to far for TLOU to fund Mamba from scratch and intall a pipeline.
BUT I always believed it was coming one day until TB;s posts today.
It was my understanding (I have not checked it out at this point) that Orapa was nowhere near the grid , hence they had their own power. So, reading between the lines, it may be that the national grid was simply too unreliable for the nations main industry, gold, to depend upon it.
Imho, the current position should be attractive to anybody with any funds to invest. The incentive for TLOU to push the boat out on produce masses of gas is screaming out for the first time in history! Ok the options are only somewhere above 25Mw to Serowe , and a pipeline to Orapa maybe. Add a possible Hydrogen partnership and lord knows whether a potential Crypto mine on one of our sites.
With an income from Lesedi imminent , there will be funds that are surely going to be split between extra wells and Solar power? 25Mw maybe the target for quite a short period?
That brings in a gas pipe line to Orapa, Crypto gas , Hydrogen if there is a green hydrogen plant, OR MOST LIKELY a second TX line on a much bigger scale than the existing one.
It is nearing the time the big boys might see the potential of TLOU so the Arrow and Sunshine precedents may well in my lifeline, against all the odds? Orapa is a bit of a mystery to me at the moment. And Synergen Met? And Crypto has never been on my radar - thank X!
Anybody know when AIM allows another full placing?
What do you make of the location comment, Winni?
100km in the UK is a long way , but is it in Botswana?
mmegi.bw on Jan 25th...
Tlou meanwhile is working on options that will allow the design of the planned five megawatt substation at the Lesedi project site to be adapted to beyond 10MW. Substations are required at either end of the transmission line, one to tie Tlou’s generators to the transmission line at Lesedi and another to integrate the line with the existing BPC substation at Serowe. Progress on both is estimated at 37%.
So they were quick in completing Serowe - less than month!
The Lesedi end requires generators which will take longer than the substation by the look of it.
My bank only goes back 7 years and her pension was 64% of mine so over the 60%!
Was that their way of catching up on earlier underpayments and her premature death predated the break even point? What are the odds that if I claim they'll then discover she was overpaid??
I wonder if the paper statements in old filing boxes I have not opened in years will have some from earlier years?
The wind has dropped and my sails are just hanging by a thread I think.
Was amazed to hear from DWP yesterday regarding my late missus since Sept 2018 - over 5 years ago.
From my 65th birthday it seems that her pension was underpaid and I am due an unspecified amount in back pension from then to Sept 2018.
She was entitled to a minimum pension of 60% of the value of mine and they are offering me the short fall from 2012 to 2018.
Here is what I found .... they clearly found me. I don't know any figures for her or my pension from their correspondence but fingers crossed it will be worth sending in their stamped addressed envelope.
"Married women who reached state pension age pre-April 2016 and get
less than 60% of their husband's basic state pension are entitled to a
boost up to that 60% figure. This is about the basic state pension
amount, which for 2023/24 is a maximum of £156.20 a week, so if your
husband gets more than this amount in top-ups, don't factor this in.
Before March 2021, this group had to claim the increase, but the DWP
is now working its way through pension records to find people who've
been underpaid.
Can I backdate my claim? If you've missed out due to a computer error,
you can get backdated payments all the way back to your husband's 65th
birthday (or to when you reached state pension age if this is later).
This can be £1,000+ a year, and backdated payouts of about £10,000 are
not unusual."
Well done Bots - I think you must have opened this thread which has run for ages!
Free now looks very well informed. I doubt very much whether you are invested in Seka though.
They have not floated imho and are still on the bottom of the sea/ocean/cess pit as a private company.
Parent company KEB might not be able to join any respectable exchanges which should make it impossible for Sekaname too.
Free is now benefitting our TLOU community? If you are still touting the LPG and CNG route it shows how out of date you are. Imho TLOU got hold of Selemo because it was abandoned by whoever had it before - those cowboys used vertical wells and never expected TLOU to switch to horizontal wells to produce gas with a couple of months. They tried to insure themselves (against TLOU succeeding where they failed) by including royalties on TLOU sales of gas and/or electricity. I guess they believed Donley on ADVFN who swore blind horizontal well were too expensive!!!
Multiple 4000 feet verticals or a couple of 4000+ feet verticals and a few hundred feet horizontals following a narrowish seam? To my mind it is the difference between aircraft and buses!
A vertical well is an airport , a horizontal well is a series of bus stops! If you want to go from Elephant and Castle to Moorgate which one would you choose? The airport of course they'd be at the ends of the runway so who needs a plane that does not take off - like sekaname!
The other analogy that "springs" to mind is having the old water pump in the village square (a vertical well) or having mains water along the streets feedind homes off the street? It is a no brainer and I bet KEB/Seka won't be sticking to multiple vertical wells which at best produce a source of gas is being fed from a finite section of coal which wil lhave a limited life before it ceases! Horizontal wells have contact with up to 200 yards of coal seam!
Loads of points where gas might escape. If some dry up others might replace them? Do you get the message yet Donkey? We all understood this 8 years ago!
HB, you'd think that someone who experiences rejection on multiple sites under multiple names would wise up but he does not. He spent years crowing about Sekaname's 97% versus TLOU's 3% of the 100Mw as if it mattered to anybody on here! TG never wanted to commit to future prices and wanted the smallest commitment he could get away with.
And now BPC are happy with 2Mw, up to 10Mw , and onwards to 25+Mw from TLOU!
And Sekaname have dropped 91Mw on a whimsical 6Mw.
We know Sekaname represents KE , and KE are boasting they are the ONLY CBM ONLY Company in Botswana!
And that remains on the record despite them having a deal with a would-be Hydrogen rival to would-be SM that we have a partnership with.
What would he be saying about the TLOU management if we'd agreed 97MW and reduced it to a fanciful 6Mw???
He has been saying it anyway 0 not a good word for TG on anything! Including his 1.1Bn and 3.5Bn AUD sell-offs at Arrow and Sunshine which were the opposite of loss makers changing to success if you believe his twaddle!
We are into 2024 - the milestone year - not long before we see how valuable TLOU is once the Serowe link is operational. But if it drags into 2025 where will his beloved KE be by then?
Cannot imagine what brought that on, HB , but I hope you don't do Snow White either :0)
Donk does dopey imho. And does it very well!
But my favourite at the moment has to be Doc?
And my favourite Cherry is Senesi (sneezy).
He is 100% filtered this time so I have not read a word of his.
If you analyse his opinions they all come from a KE perspective!
1. He thought we'd deliver LNG not GAS to Orapa! KE were on the LNG route and still talk about it.
2. Vertical drills are what let down TLOU predecessors at Selemo - horizontal drills dewatered it for us in no time.
3. KE needed a PPA for a high MW , not TLOU!
4. Ex-presidents families matter to KE , but not to TLOU!
5. Sekaname never existed until the 2010's contrary to Donk;s statements and etc etc