Member Info for DowntoEarth

Brad,
Does it really matter what the AUD to GBP exchange rate is in the grand scheme of things.
What is far more significant is that the Directors could be about to spend up to $750,000 on shares. I've been on the fence with Tlou over the last 9 months, leaning towards the negative, but even I can't ignore that level of personal investment as vote of confidence for the SP going forward.
There's bound to be some dilution when the main finance package is revealed, but clearly it's likely to be at a share price around 2.2p mark, otherwise why would they participate in a fund raise now? It would make sense to feather their nest later on.
One thing I can't understand is why GG never sticks his hand in his pocket.

'TLOU last traded on ASX at 6.0c, the equivalent of 3.18p - a huge 40%+ premium to our close on AIM'

Share ended down -5% in Oz.

Yet again GG fails to stick his hand in his pocket to help the company out. This man is leading our negotiations with the Government, what does he know that has convinced him that he's not going to make any money from buying at this level? Certainly looks like a lifestyle company for him!

An OK deal is a deal that convinced some of the directors to buy 75 million shares in the company. They would have had an idea of what was on offer with AE before investing that amount of cash. I know they are well in profit right now, but clearly when they do cash in it will be at a price a lot higher than it is now.
Follow the money......

I can assure you MM, I've done very alright in my life. BTW I'm particularly adept at spotting disingenuous types, normally who attach 'Strong Buy' (it's now dropped to 'Hold' - what's spooked MM this morning?) to their posts about this company. They have no clue how this 'investment' is going pan out. It's a gamble.

You'll have to ask my parents about that one, I had no say in the matter.
I'm completely open minded with regards to TLOU, however your deluded, biased contribution to this bulletin board can be summarised at best as nothing more than blowing copious amounts of smoke up Tony Gilby's backside.

The Botswana Power Corp is desperate for power - wow! That IS news, thanks for sharing.

57,944 shares! - I got more than that somewhere down the back of my sofa.
What a prat!

You're having a laugh surely? Total Volume across all trades was 57,944. The only reason for the disparity between ASX and AIM is the lack of liquidity on ASX. When volume starts picking up, not just the price, that's the time to take notice.

The recent very large director purchases suggest to me that is unlikely to happen. In fact, I reckon the subsequent exclusive 60 days DD, now the waiting on the news of the deal etc are just a process by which to give the appearance that everything has been carried out in the proper way. I think the broad outline of the deal was already agreed just prior to AE becoming a significant shareholder. Why would they buy 20% of a crap company?

$80 million has already been spent on investigations and appraisals to get to this point, not sure on the cost split between Beutong and KSK, but I would expect a significant chunk of that going back to Asiamet as part of any deal.

Brad,
The fact that electrical power is needed in Botswana is old news (very old). It's the fact that the Bots government seem content with sitting around doing sweet FA about it, which is the problem. We've essentially made no progress with this government bureaucracy in the last 3 years.

'Defo not a share for those looking for a quick buck or two.'

Unless of course AE decide to purchase the whole company.
Say they offered £150 million for the whole lot, giving us 10p per share, they'd get £30 million back for their 20%, costing them a total £120 million. If Beutong is of no interest to them, they could sell that world class asset and reduce their purchase price further. Just a thought, I'm sure it's a scenario being considered.

This article just highlights the total incompetence of the Bots Government with regards to the ongoing power issue, unfortunately this incompetence will continue until the country runs out of power . Tlou were asked to tender for up to 100MW over 3 years ago! Any government with the interest of it's people at heart would have fast tracked everything to get power into the grid. Unfortunately this will continue to drag on because Botswana have tried to do something about corruption. I'm not advocating corruption, but a contribution here and there can oil the wheels of industry to progress to the end result that benefits everybody. Officials in Botswan are only interested in a stress free job, where decisions are pushed up the line until deferred for another time. Everything the Bots government does seems to be reactive rather than proactive. The government were about appoint a ppa adviser some 12 months after the tenders were returned, why not before? WTF!!!

Don't forget AE already own 20% of Asiamet, so voting through any offer could be fairly straightforward.

I don't think he would be doing that if the 60 day were to be extended.

I wonder if either of the other two interested parties have come back in the 60 days of exclusivity with AE? It will create an interesting situation on Monday if they have.

Brad,
The 2MW is to just to obtain a PPA, the company will need to get to 10MW to gain any meaningful revenue, 2 MW will only generate around $2m of revenue. When you consider that it's going to be realistically at least 18 months before we get any income, the 10MW PPA (should!!!) be done and dusted by then which will supersede the temporary PPA. Forget the idea of spending $10M for to generate a measly 2 MW.

I think the temporary PPA is simply a tool by which the company can progress its long term funding negotiations and that's it. Currently Lesedi 4 is the only pod that seems to have potential and the company are trying to get sustained gas flows of 100,000 cubic feet per day to confirm it's commercial. However, about 300,000 cubic feet of gas is required to produce 1MW of generated power, so even now we are way off satisfying the tiny 2MW for the temporary PPA, hence why the BOD have chosen to go down the solar route.

Even if they do issue 200 to 300 million new shares, the company will be a lot more investable than it is now so I think the price should still rise significantly.