Member Info for DowntoEarth

I could do with a cold one right now!

Draught PPA was ready at the end of March:

'The Company continues to have regular correspondence with the advisors assisting the Government of Botswana to conclude the 10MW PPA process. The advisors have confirmed that they are reviewing project documents including the draft PPA.'

App was clearly referring to the company Pure Hydrogen and you started banging on about Hydrogen gas in your effort’s to say something negative! Keep up Donk!

It's only a 3 week extension. I seem to recall Donk said it will be extended to August so don't get too carried away patting yourself on the back!

Wrong account Donk. Oldballie asked the question not mrmoagie, unless mrmoagie is now oldballie’s spokesperson.

That 250k 'sell' at around 1pm today was in fact a 'buy'

Mrmoagi-oldballie-donk,
So what you’re now saying is that you believe the tide has changed with regards to Tlou and at the current prices it is a worthwhile investment?
So clearly you’re not short selling and by definition you want the share price to up, correct? So why make such an effort in both research and writing on here to try and create some doubt, how is that going to help your objective? For any normal investor to research and feel doubt about a share, they would most likely keep quiet about any reservations they may have until they’ve sold up and moved on. Simple logic really, unless you like to add to the risk of losing money!
No, I think you’re not invested here at all and I think you suffer with some kind complex (the conversations you have between mrmoagi and oldballie are laughable!) and you’ve found a forum where you think you can be the centre of attention. I think you’re trying to present yourself as an honest person to get the trust of other investors and at some point in the future, your agenda will change in an effort maintain your own self-importance on here.

Who to believe? The OldBallie-MrMoagi-Donk nutter or the following company RNS?

https://www.lse.co.uk/rns/TLOU/government-request-for-re-tender-of-100mw-rfp-laog4xk0tnn2gv5.html

'Other Opportunities

Whilst the Company has been awaiting a response from the RFP process, in line with its stated aim of becoming a regional power producer, it has continued to pursue other potential options for the sale of Tlou's gas or power in the southern African region.



These other opportunities will continue to be developed as a priority. Developing the project, securing offtake agreements with third parties, connecting to the grid and selling or wheeling power regionally is potentially a simpler option which can be better controlled by the Company. As Botswana is part of the Southern African Power Pool (SAPP), Tlou is not restricted from connecting to the grid in Botswana and supplying power via wheeling arrangements to other SAPP member states.'

Brad, why do you allow yourself to be baited by a deluded-schizo-fantasy investor, who's sole objective on here is to wind you up? If an RNS states that Tlou can sell into SAPP, then they can. Simple. Ultimately Tony will have an exit strategy and he clearly believes that that in the long term the value of the company will be greater if there is a significant PPA with the government in place.

Buying them is the easy bit, knowing when to sell is the really difficult bit. I wouldn't beat yourself up about it though, I bought £5k worth yesterday, which are now showing a loss. I'm fairly confident that the price rise action that happened in March will start again in the next few weeks.

It was a very shrewd buy, just lacking a shrewd sell after the price went up!

The only discussion you heard was from the voices in your head between you, mrmoagi and donk! Time to see a psychiatrist I think.

'The Orapa Diamond Mine is seeking cleaner gas to displace its over-reliance on high carbon producing diesel to supply their 90MW of electricity needs. Tlou will play an integral part in this process..............'

When Tony refers to 'this process' does he mean being part of the 'seeking' - i.e. the tender - or the actual gas supply? If it's the latter, I think he's jumped the gun as that would be major news and before the closing date of the tender.

This situation reminds me of xcite energy a few years ago. BOD wanted to give 98% of the equity to bondholders. It didn't happen and they ended up going bust. I see Enquest have just acquired their Bentley asset for only $2m when at the time it was valued at hundreds of millions $. Stay away from this one, you'll lose money, get out when you can.

I doubt very much they will just have one gang erecting the poles, more likely it will be several gangs working around 10km apart. More of an incentive to finish the job quickly and get paid.

It's not a big deal to hang some extra wires from the already installed poles, should there be a need more than 25MW later. Another example Tony being thrifty and only spending money when necessary.
The reality is, I believe the company are just clearing all the red tape, all the technical issues, proving the route to market, increasing the assets and then selling the company on for fair price. Tony's an entrepreneur, this is what he does.

It's always a good idea Brad to post the item after you've been paid!

That's a great question, perhaps you should ask your alter ego Donk to see what he thinks?

Apparently Tony received $43 million from the sale of his shares of Sunshine Gas, presumably he received a similarly large payoff from Arrow as well? Makes you wonder why he doesn't just fund the whole thing himself!

They need to raise money, go drilling and confirm sufficient gas is available before they could seriously tender. Also clearing Botswana's red tape takes forever, as we all know.

Botsgas state:

'Stages-2, 3 and possibly 4, are scheduled for late 2021 and early 2022, immediately after
data appraisal and fund-raising based on good drilling and testing results. Estimated cost is
A$9M; this should take the project to early production with progressively increasing cash
flow. By then, BotsGas should be able to secure debt funding, especially for production
wells.
BotsGas is focused on securing Gas Sales Agreements, particularly for the Orapa power station which was built to use locally produced CBM and is currently operating sporadically using diesel. There is an opportunity in Botswana for CBM to underpin a transition to renewable energy. There are also opportunities to sell Compressed Natural Gas (CNG) and to
use CBM to reliably produce hydrogen fuel.'

Interestingly it goes on to say:

'It is likely that unlocking Botswana’s CBM potential will provide an exit opportunity for
shareholders by sale of company, similar to Ron Prefontaine’s two former ASX listed companies, Arrow Energy and Bow Energy, which were sold in 2010 and 2011 for A$ 3.5billion and
A$ 550 million respectively.'

Very similar career path to our Mr Gilby!