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The Orapa gas supply tender is due in 36 hours, doesn't look like it's going to be extended again.........or have I spoken too soon?!!!
https://www.bpc.bw/services-site/tenders/Pages/SUPPLY%20AND%20DELIVERY%20OF%20NATURAL%20GAS%20TO%20ORAPA%2090MW%20POWER%20PLANT.aspx
It will be interesting to see if Tlou does tender.
Those small trades are shown as being executed at exactly the same time, so I just think it's one larger trade that's been split up. No idea why though.
Don't worry Appi, I worked out his real agenda a long time ago.
mrmoagi,
For now I'll assume you are invested in this company and logically you would like to see the SP increase, correct? How then do you think incessantly moaning on here is going to help that cause? Seems kind of counter intuitive to me! Unless of course you're not really invested.
It’s worth remembering that only 2 months ago 75 million shares were sold at 3.5p. I’m sure those who participated had a better idea of the company’s future prospects than we do. It’s very easy, when not seeing the complete picture, to assume that things are going badly. A little knowledge can a dangerous thing, I suppose it’s up to the company to ensure we are kept informed.
Brad, the 2 MW PPA came roughly about the same time that global lockdowns started. So I think any subsequent due diligence was put on hold until the beginning of this year when the company announced that CBM was being fast tracked by the minister. From the RNS at the beginning of this year:
'Government support
The Company has received written confirmation from MMGE of the "intention of MMGE to fast track the development of Coal Bed Methane (CBM) in Botswana." MMGE also stated that it is "happy to provide the necessary support to ensure commercial development of CBM."
In relation to the current tender to implement up to 100MW of CBM fired power plants (as outlined further below), MMGE has stated that negotiations with preferred bidders are due to commence in February 2021. The letter also acknowledged that the "Government is fully committed to seeing this project coming to fruition, as it will promote the gas industry, contribute toward import substitution, as well as to improve the livelihood of Batswana."
The Company welcomes this update and looks forward to negotiation and finalisation of the tender process in the near term.'
So in reality, things didn't kick off again until February of this year.
With regards to the Botswana Government, it does appear that the usual 'first mover advantage' doesn't apply here. We are the first mover Guinea Pig for a government that seems clueless. I do wonder whether the perceived lower levels of corruption in Botswana is the reason everything seems to takes so long. In a more more dubiously governed African country, a few bungs here and there could have oiled the wheels nicely and got this thing moving years ago.
I initially thought the hydrogen production was years away (if ever!) But what surprised me in the interview was that TG seamed to be suggesting that hydrogen production is something they're going to begin straight away. Well if this is correct, then the delay of constructing the poles and wires until project finance is completed is not as dubious as I initially thought on Friday, if the company is redirecting finances from the one piece of infrastructure to another if it generates income.
Mrmoagi question:
‘I said it would likely need substantial refurbishing or repurposing in order to switch the plant from dirty cloggy diesel to wonderfully Tlou smelling sweet gas. And asked the question - has that body of work been baked into the gas supply tender (it won’t have been). And if it hasn’t been, when the successful tenderees become aware (they probably are already but don’t dare say, as they just want to win the damned thing) they are going to ask who pays for that cost.’
You then go on to answer your own question!
‘Botswana Power Corporation (BPC) has been mandated by the GoB to MANAGE, OPERATE, and MAINTAIN the Orapa power plant. The plant was setup with capabilities of being run on natural gas and diesel but since 2011, the commissioned mode of operation has been diesel fuel.’
Tlou are tendering to supply and deliver a quantity of gas, what the end user does with that gas is up to them. Your wacky scenario that Tlou will somehow be responsible for the equipment that consumes the gas that Tlou would be contracted to supply, just goes to show you’re either an idiot or that your running out of weird negative scenarios that you think may help your agenda. If you’re suggesting that the customer hasn’t got the funds to pay for their obligations to MANAGE, OPERATE, and MAINTAIN their own equipment, well if it doesn’t work then Orapa will run short of power.
I'm pulling my hair out desperately trying to extrapolate from Donk's posts who might or might not own the alleged 'on its last legs' power plant at Orapa. It must be such a relevant issue that you keep banging on about it. The gas supply tender is with BPC, do we really need to know more than that?
Appi, a perfect summary!
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.