Member Info for DowntoEarth

The article even made The Guardian.
http://www.theguardian.com/environment/2022/oct/27/australias-corporate-regulator-issues-first-fine-for-greenwashing

Well clearly the current pace picked up during September, which is most important going forward and would justify their intended completion date.

Where did you find 10%? I read progress was at 16% for the end of September and if you read the previous progress report they were at 11% on the 13th September. It looks like they’re making fairly solid progress to me at about 10% per month if you extrapolate those numbers.

I think the finance agreement the company has with the BOPF is kind of similar to one that an individual would have for a self build mortgage. The onus is on the individual (or company in this case) to reach a defined material stage and the next tranche of funds is almost a formality.

Here's one to fantasise about also. According to the BBC today, Germany is paying 500 euros per MW/h for wholesale electricity. I know Tlou are not in Germany, but considering that the global cost of electricity going through the roof, one can imagine what even our initial 2 MW generators could produce in revenue. If Botswana were to pay the same as Germany would our revenue be 2 x 500 euros x 24 hours x 365 days = 8.76 million euros annually? If we had 10 MW of CBM and 10 MW of solar, that would then be 88 million euros.
https://www.bbc.co.uk/news/world-europe-62899940

Back in February 2021 the company stated that they are seeking to produce carbon neutral energy by acquiring additional land and using that land for carbon sequestration. Well they’ve not acquired that land, so presumably any subsequent statements like ‘Clean Energy For Botswana and Beyond’ were jumping the gun. Interestingly on the latest presentation states ‘Energy For Botswana and Beyond’ which is dated 22.07.2022, so perhaps the management were tipped off back then that the ‘clean energy’ statements should be toned down.

SM were suggesting part of their overall USP was that their high temperature plasma technology is unique in the way it destroys PFAS compounds. In todays BBC article, the text suggests that more simpler technology might be around the corner.
http://www.bbc.co.uk/news/science-environment-62561756

My mistake Brad, I quickly read Wednesday's RNS at 7am and concluded 90 million shares were converted, but they couldn't convert the remaining 25 million until approved at a shareholder's meeting. Having said that, I suspect this technical issue with ASX was uncovered because the BOPF intended to convert.

The market seems to have overlooked the fact that this week our largest shareholder has converted our debt into shares at a price that’s nearly double today’s share price.

I couldn't be bothered to respond because I didn't like the lazyarse request of - 'can someone tell me what's going on because I can't be bothered to find out myself.' This is a discussion forum, not somewhere you can pass through every few months for others to update you.

Why have the sales dropped from 70,000t in Q1 22 to 47,000t in Q2 22? Surely it should be going the other way?

Price target of 15p

Didn’t you read the RNS back in November? It’s there in black and white, no point in guessing or pretending that we haven’t been kept informed.

Equity raise this year is well known and needed to complete the engineering works. RNS on 30 November 2021 stated
'In addition to the Note, the Company and BPOPF have agreed preliminary terms for a further BWP 50m (~USD 5m) equity investment post 1 July 2022 which is conditional to legal agreements in relation to this process being prepared and finalised. Further details will be provided in due course.'

Better to be a goat than a donkey!

It's worth remembering though Brad that we have more than doubled the number of shares issued since 2018, albeit most of those new shares have been issued to long term investors. But even going on the MC of £50 million back in 2018 and the MC of £10 million now (with a few £million in the bank) the disparity is massive.

I don't think anybody 'gets' why you post here other than the fact that you're an attention seeker with a chip on your shoulder and you're a bit weird!

Presumably you're aware that if the Botswana Pension Fund choose to convert the loan into shares, it will be at 3.2p?

I don't feel the need to micro manage them. As long as it gets done in the quoted 15 months, I'll let them decide how it's going to be done.

Whizzer's precious poles have turned up

http://twitter.com/GabaakeGG/status/1533813954790797314?cxt=HHwWhMC97crqmckqAAAA