Member Info for JDwag

I apologies, Davey, silly comment from me. JD

If that’s the case I will withdraw my comment. JD

Really Davey? Is this now your life? Trolling the Kibo board for a buy in price at 8% the current discount? Oh well, another one to go into the loser (filter) tray. JD

It will intrinsically linked to the PPA (obviously). When one comes in it’s a fait accompli. Which it now seems to be anyway, unless the TG are in the game of having a Chinese State Subsidiary bend over in public only to make a fool of them by pulling the deal after having already bent over backwards for them. That would be future investment suicide if they did that now. JD

Considering the sheer lack of large baseload projects in the country far enough advanced to make a real dent in their power shortage in the next 5/10 years, why wouldn�t you go for 1,000Mw straight out the traps (as long as you can find a price that suits)? I think there is enough hints in the last few RNSs to suggest that some sort of expansion of the 300Mw is either planned or suitable �options� are built into the PPA deal. JD

Is the PPA from being signed then? I’ll take the recent presentation update on the company website at face value and say anytime between now and end of June, so six weeks. But as always let ok for volume and SP for the real date.... JD

The same room as the JDA was signed.... JD

That saved it? Funny that the dilution of MCIPP could have been the carrot to SEPCO that allows MCPP to go over the line. JD

Wouldn't surprise me if the TG gave up a bigger plant size carrot for SEPCO taking the lower price stick. JD

I mentioned on Friday that these projects all reach a 'critical mass' point where the parties start agreeing things they wouldn't budge on month ago because fatigue sets in and it needs to get pushed over the line. Make no mistake, we don't know what yet, but the TG would have budged on something too. JD

I think so too. Key points to is I think TANESCO sent kibo to SEPCO with a 'price' they can do business at , we need SEPCO to buy into that price and I guess they have. JD

Bcl, I think that's the correct take. It came down to costs (always does) and it looks like SEPCO swallowed hard on the basis of future work. The most important thing for us shareholders is it looks like Kibo didn't. Great update. And that now allows the PPA to be wrapped up. JD

One thing that stands out to me is the price. 6000Mw for $4.4b is $733k per Mw, if MCPP is 300Mw for $800m that works out approx $2.66m per Mw based load. It's fair to say when you up size the plant it starts getting a lot cheaper. Possibly food for thought for us and the TG in discussions to up size MCPP (if that is what is happening) it clearly starts getting a lot cheaper the more Mw you bolt on..... JD

https://www.reuters.com/article/egypt-coal/egypt-gets-bids-for-coal-fired-power-plant-to-announce-winner-next-week-idUSL5N1SR08Z Planning a monster of a Coal Power Plant. The same regular faces in the bidding...... JD

It will (eventually) reach critical mass and a deal gets sealed. It�s just the waiting. JD

In my experience there is a certain amount of �war fatigue� that sets into negotiations on big deals like this, you can batter each other so much and at the end when you are down to the smaller things you tend just to swallow them to get it over the line as you just don�t care anymore about the bells and whistles lol, the fact is the debt / equity partners won�t wait forever in negotiations and either will there investment terms, all parties know that and eventually come to a deal before the goodwill expires. The longer the TG wait, the more SEPCO will charge to build this thing, you could be looking at 4% inflation currently in Tanzania, that could mean the difference of building a plant for USD$800m or USD$832m in another 12 months, it sure sharpens the mind and pushes the parties to a deal. JD

I’ve factored in (worst case) end of June. I fully expect it to drift to 4p if it goes that long as folks lose interest and the SP drifts lower on very small volume. But, I’m not worried about the timings, as long as it happens, he’s built the ‘war chest’ so we have the cash with need of further dilution, it will be what it will be. 1p or 20p. That’s the play. JD

I just check my wallet and even the moths have left. JD

I take it you are just off the blower to them mate lol? JD

That is the long and short of it, Bcl..... JD