Member Info for JDwag

SirG, is LC there? JD

‘Cutting and pasting’ JD

To see the ‘Bashers’ have kicked into overdrive, citing and pasting between sites and BB’s are happening within seconds this morning. That’s progressional Work at play, not amateur.... JD

Really all depends on how much Kibo extracted from them by giving them ‘exclusivity’ in the other projects, think folks are being too one dimensional here in assuming it will be ‘at market price’. That might be the case if it was merely shares it was purchasing. But it’s clearly not, they are buying EPC ‘exclusivity’ in Moz and Bots and also the chance to participate in the equity / funding of MCPP and Moz and Bots. Same goes for GE and the ‘power generation’ side of things. I also think GE will get the same deal as SEPCO. Woods for the trees and all that folks. JD

It is BCL, but what is clear is that one day (soon) that willnit be the case, they are building a monster here, SEPCO aren’t hanging about for a £30 MCAP. I expect GE to follow on the same terms as SEPCO BTW. That opens up all of GE’s financing as well as SEPCO. You can see how easy this stuff gets funded from here on in. JD

That’s them starting to show how they will fund this and how they are keeping the Chinese on side, Great stuff, think we will fly today. JD

Considering the first title of the IBFS was ‘financial model and report’ and the PPA is based on this coupled with funding / financing being an integral part of the SML Licensing Criteria you now have to think the processes in all but name have merged into each other. JD

Yaki, what odds the SML and PPA get approved at the same time by the cabinet and are awarded at the same time? JD

Usual Cynical Bear write up I see, starts with the usual sensationalist banner headline that reigns it in during the first paragraph so he doesn’t actually accuse anyone of ‘Securites Fraud’ because that would be libellous. JD

This Lucky Power was 660Mw / $1b plus on the power station cost. Also, they have to haul their coal 350 miles too, so interesting to see what MCPP works out of when it’s all self contained on a very small footprint for mine and plant. JD

I’ve said this before and I’ll repeat it, surely to f*+* the TG want to progress this as fast as humanly possible? Time and programme delays are big, big money on a deal this size, there comes a point we’re their 40 heads working on this must be happy for this to go to Cabinet Level for signing, the delays and bureaucracy here are off the charts. JD

I think we can obsess about having ore and more coal, however, you ‘only’ need 1.5mt per annum or so to fire a 300Mw Plant, so having hundreds of millions of tonnes of coal is fine, but with nothing to do with it, it’s pretty useless. JD

Not for me. It’s clear by their annual result that they see the larger part of their future in the southern part of Africa. Also, the Mbeya coal deposit probably as close to 500m tonnes of coal unit once all tenements have been proved up. Got more coal than we know what to do with. JD

I agree, you could view ‘magnatude’ As meaning more than 300Mw. Of course that might mean 300Mw to start with then a quick upgrade. JD

Good update, nice to see them positively update us. It does however shine a light in the ridiculous bureaucracy they are dealing with. JD

It’s garbage. I have no idea what’s going through their minds. Their power plans are finished without private investment. JD

So in the basis, that this article is right, I have no reason to believe a direct quote from the government on their mouthpiece wouldn’t be, the TG Government has decided to set fire to any chance they have to get private companies to build their power base load? Which really means they are going nowhere fast, or anywhere for that matter. The TG is a car crash. My own take in this is the TG are trying to ‘negotiate’ their way out of a ‘locked down’ binding PPA I.e when they don’t want to commit to a power offtake on power they don’t need (at times) nor can’t pay for. A shake down basically. As brutal as this is, this is just part of JPMs attempts to squeeze the best deal from foreign investors. I have no doubt the ‘May’ date toes in with the RNS where Kibo went to SEPCO and asked them for a reduction. Brutal stuff, but this is how Africa does business, and sad as it sounds, I’ve got used to it. JD

I have Lurker / SBS / JC and I believe another 2 others (which are all him) on filter, it’s just the ramblings of a bitter man for whatever reasons I don’t know. It’s got so personal for him he’s even let his real name escape out into the ether. I tried to debate him when he was calling himself SBS on this board and then three months later he came back with the same post as Lurker, utterly pointless trying to debate him. JD

O&W, one of the very few constants of AIM is that there will be another placing along shortly, these projects are expensive and will take financing. My only hope with all the ‘investors like numerous projects’ coming from LC of late is that it is a large scale equity placing from an investor (like BMN did a few months back) and is actually taken as a positive by the market in that we will have sorted out it medium term funding. JD

Your right, SirG, they may not be stuck to, however, it’s still important to get a programme of deliverable dates out there, gives the market and prospective investors something to digest, I would also like to see the Company Website Presentation fully updated prior to the AGM with all three projects, timelines and all. JD