Member Info for chestermikeb

I'm no expert in the intricacies of markets and share prices, so any experts please correct me if I'm wrong, but could that just be attributed to lack of volume? It looks like very few actual trades went through on ASX last night.

Um...That article is from 2016 Brad. Date at the top states:

Fri 08 Jul 2016, 18:00 pm (GMT +2)

One thing to remember is that the plan is, and always has been to just get into the power grid. Tlou only tendered for 10MW so I doubt they'd be awarded 50 surely?

As Tony explained in an earlier podcast, they expect the unit price of power to increase over time, and so (in my view) very sensibly didn't want to tie themselves into a PPA at this stage for more than they need to. In the future, once they are in the grid they should be able to get a better price once the project is up and running.

I'm no expert, but have been invested here for a looooong time now. And in all that time, the company has been "very" consistent with that message...they simply want to get into the grid. So in my view the amount is not very important at this point. What is important is that they get something from this RFP.

I agree Buzz, that was certainly the best and most informative interview I've heard from the company in some time! Incredibly positive too and well worth a watch.

These director sells occur with such predictability that one wanders if it not just a conspiracy to get the price to fluctuate in a predictable way, allowing people to buy low and sell high....sorry, synnical rant over.

Interview was generally positive. They want the money to start drilling production wells sooner rather than later. Discounted placing wasn't really explained very well (in my opinion) except that they needed to make a trade-off between being able to actually raise the cash vs selling themselves too cheaply. 4 of the directors have commited $0.55million ozzy dollars of their own money. They are very confident that the government re-tender process will happen and expect to hear back from them "any day now" but obviously can't be sure about when. Did I miss anything?

Omg!

Hi all. I wanted to share an email conversation I've had with Colm Cloonan. After listening to the latest vox podcast I really wanted to hear an example of one of the compliance issues that prevented the RFP from continuing, because none were actually given in the interview. So I decided to email Colm directly to ask. I wasn't expecting a reply but to his credit he did respond to me with the following: "Dear xxxx. Thanks for your continued support. As an example, the tender asked the bidder to provide a Health & Safety Management plan for the project (which was submitted) and proof of Compliance with ISO 18001. However, a certificate confirming proof of compliance is only available once the project is in operation and the H&S Management plan can be assessed as operating at the required standard. Therefore, if this requirement is not removed from the tender document it will not be possible for Tlou to comply with all requirements under the RFP." I went on to ask if he minded if I shared the above info with this board and he replied with: "Feel free to share this information with others. It�s also worth noting that these issues were brought to the attention of the ministry months in advance of our submission so we are surprised that they have ended up as compliance issues. In any case we are very confident of getting one (and probably more than one) off-taker secured via the Government RFP and our other ongoing negotiations." I personally found the above information about the ISO compliance quite useful. It certainly fits with the idea that the tender document was not suitable given the two parties weren't in operation and that it needed to be amended. I also suppose that if the government had gone ahead and awarded the tender to Tlou for example, then this "compliance" issue could have been used as a possible point of appeal by the other party. So in some respects they probably had to cancel this version of the tender in order to rectify it. Either way I thought it might be useful to others and so figured I would share it. P.S. before I get accused of some kind of fake news nonsense, check my history and you'll see that I've been holding Tlou since 2016 and am not generally in the business of posting much, either ramp or deramp...but of course, DYOR... Cheers.

Sounds about right to me. I'm not a big one for conspiracy theories and I feel that this probably is just largely down to inexperience in the CBM sector or something along those lines. However, it is pretty infuriating that its taken this long to figure that out. I seriously hope the govt. are able to improve the timings for the next one with some kind of fast track solution...although that may just be wishful thinking. Final thoughts, although as a LTH watching my paper profits get wiped out in less than a week has been an awful experience, I can't help but feel that Tlou is an absolute bargain at the moment for anyone joining now and if you are prepared to buy and hold for the medium term you will probably do pretty well. Just wish I'd sold a few last week! Gah!

Agreed, and loving the bit about topping up the output with solar power too...nice

So why the huge drop in SP?

Just started looking at this stock. Seems interesting, but need to do more research. I did notice this in the interims which I would like opinions on though: "The Company invested $5,460,000 in the second quarter of 2017 on exploration and development expenditures, of which $4,726,000 related to drilling and well recompletions. As a result, second quarter 2017 production increased to 1,334 bbls/d, representing an increase of 4% from the first quarter of 2017 and 1% from the second quarter of 2016" I'm still relatively new to O&G investment, but isn't 4% increase from a $5million investment pretty small? Or am I getting the wrong end of the stick here? Cheers