Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
These crypto farms are often out in the middle of of nowhere, so there's nothing weird about the prospect of setting one up at lesedi.
Reading this article, it's easy to see why Tlou are having discussions to supply electricity for a crypto farm.
https://datacenterfrontier.com/the-greening-of-cryptocurrency-early-players-in-sustainable-blockchain/
'Lack of a clear plan' Did you read the RNS? They have a 10MW PPA and they have a finance partner to achieve that goal, clearly it will take some time time to connect and supply the grid so in the short term they are evaluating other revenue streams outside of the PPA.
Having said that, my gut feeling is we will be sold once we achieve the 2MW into the grid.
Well this news story would suggest South Africa wants little to do with him. Reads to me like a former president that has legged it, is running out out of friends and has become an embarrassment.
https://www.dailymaverick.co.za/article/2021-11-28-former-botswana-president-ian-khama-denies-fleeing-the-country/
Perhaps it’s time for you to cut your losses and move on?
'Merry Xmas and see you in late Jan.'
Does that mean we're not going to hear from you for another 6 weeks?..... Excellent!
Morning TB, would be nice to get some more ii involvement. Right now though, the SP is an absolute bargain and a few Director buys would also do a lot for positive sentiment.
I wouldn't be surprised to see the SP walked down for a few big buy orders go through only for it then to be walked back up again.
Totally bizarre SP reaction to what has to be really good news and certainly not what I expected. We have a perfect partner with low interest rate, the fact that the pension fund are already heavily invested would suggest to me that they are unlikely to convert any of the loan at a low price, they'll be undermining their own investment if they do. I think this is one of those situations where the SP immediately declines after good expected news and then steadily grows as more long term investors get on board.
Thornback - 'Perfect Timing'
Are you referring to the subject of funding or the perfectly timed RNS to put egg on Mrmoagi's face. Couldn't have been timed any better.
Personally I think it’s because that 3p is the price of the equity that’s been agreed as part of an overall finance package. I think we’ll bounce around 3p until the package gets announced.
Clearly the reason why TG wants to participate in Synergen Met’s forthcoming IPO is that he believes there is some unique intellectual property worth being part of. If they list with a value $120 million, our $3 million will buy 2.5% of the company. If we help Synergen Met demonstrate the value of their technology at a time when world scrambling to go green, our $3 million could be worth way more in a very short space of time.
TG is clearly very business savvy and this could be another very shrewd move by him.
What 'chunky sells' are you referring to? The 1.5m trade on the 16th was at 3.11p, the spread at the time was 3.00 to 3.20, the price went up afterwards so I'm sure that's a buy. There's a buy of 500k gone through within the last hour, also.
I did notice that TG did seem a bit happier yesterday. I still reckon we'll hear something official about the finance before the AGM at the end of the month.
I thought the shares were expensive at at 1.2p considering they have no assets. Currently £75 million mcap is a joke.
What about the time of the trade? It was an hour before the market opened.
There's a trade shown at 7:01am this morning for 5.2p, surely that's as ASX trade? Why is showing up on LSE?
I think the company will be sold before the need to upgrade 100KM of transmission wires, so why spend extra money on more expensive copper wires now? I'm sure TG's approach is to prove the 10MW concept and move it on to someone with deep pockets.
They said 6 months ago that first electricity sales will be in 2023:
https://www.proactiveinvestors.co.uk/companies/news/950220/tlou-energy-ready-to-press-on-with-power-line-construction-says-broker-950220.html
So paying to construct the poles and wires now, for them to sit there unused, seems a bit frivolous to me. Providing the gas production, plant commissioning and poles and wires come together in 2023, things remain on track.
Has whizzer's lse account been hacked?
The AGM is on the 24th November and there is this to be approved:
5. Resolution 5 - Issue of Performance Rights to Mr Colm Cloonan
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 10.14, section 200B of the Corporations Act and for all other purposes, approval is given for the issue of up to 4,000,000 Performance Rights to Mr Cloonan (or his nominee), a Director of the Company, pursuant to the Company's Performance Rights Plan and otherwise on the terms set out in the Explanatory Memorandum."
Does that not suggest that the company expects the finance to be agreed before the AGM? Otherwise he's achieved nothing of note to benefit such a reward. Interestingly, GG only got 2 million despite sorting out the 10MW PPA. Also suggests to me that the company is putting more value on the finance than the PPA.