Member Info for JDwag

CF, does LC still respond to you or any of the Twitter Group’s emails / communications?

I ask, as LC no longer responds to me in any guise, I guess someone critiquing his $h!T performance doesn’t fit the master of the energy universe he has painted himself as!

JD

They are still tweeting out the Q&A that states PPA(s) by the end of the year, however, the new Presentation strips away all dates on key deliverables, truth is, in classic LC fashion, no one knows, maybe including him.

JD

An update on Programme / Timeline specifics on BIPP and MCPP, CF.

That is nothing more than a cut and paste statement at the bottom of every RNS.

JD

Bcl,

I still hold out hope for a real surprise here, I am despite my recent posts an optimist at heart, I always have been, and the fact that he didn’t even mention either BIPP or MCPP (offer another excuse for non performance) in the RNS of Friday morning gives me hope something is making its way down the sausage machine, who knows, might be misplaced optimism, yet again, on my part.

That aside it’s a fabulous time of year to know how lucky I am.

JD

https://www.newtimes.co.rw/news/rusumo-project-energy-ministers-want-power-plant-completion-2021

On the timescales and costs of a 80Mw Hydroelectric Power Plant.

5 years construction before you get to commissioning and filling of the reservoir.

About 200% more expensive per Mw than our MCPP and extrapolated into Steigler’s Gorge would account for approx $13b Capex Costs.

Power in Tanzania is for the few, not the many it would seem.

JD

That sums it up very well. If the SP can gear through the warrants then at least funding for a couple of years is secured on a number of shares we can at least account for fully diluted.

If not? It’s a doubling of the shares via the next bucket shop placing and warrants galore.

Spin the bottle.

JD

Oh, we’re going to be shafted again, alright. It’s just when and how. This guy is a snake.

JD

The Louis Effect. It’s kike the opposite of the Links Effect. He repels investors. Nothing this guy touches at the moment is doing well, nothing. We can only hope for a shift in sentiment one day, but we need solid PPAs for that to happen, the Fluff RNS has ran out of Effect here.

JD

Say, I’m in Agreement with you both.

Still, the lawyers will be making a packet in the reorganisation of MCIPP and the drafting of new contracts so I guess that’s good news!!

JD

And LC said to me, a Moz PPA sitting by the decorated Christmas Tree.

Best I could do.

Chances of a (any) PPA being actually delivered by Louis Claus before then?

JD

Considering kibo are still tweeting out their September Q&A which stated MCPP and BIPP PPAs will be signed in Q4 give us an update on that rather than passing about with telling is stuff we already know.

JD

Yes, and killed the action for the day. Still, blue is blue.

JD

‘Sells’ from yesterday were subsequently cancelled today, it’s shocking how bent the market is, just stacking sells us on the book then instantly cancelling them to keep the SP in ‘order’.

JD

Are reaping the garbage LC has sown in the form of the placing. It was clearly manipulated for months prior to the announcement of the placing and now we are dealing with the mountain of shares out there still to be shifted. It’s a car crash this and only proper news will now shift it, not a glossy magazine update.

Woeful, woeful management.

JD

Well, that mean we are finished for the year?

They’ve stripped out any programmes, and filled it with some waffle (albeit a pretty good presentation) to me it’s a ‘see you next year PI chumps’.

Pathetic and sad, utter failure from this company’s CEO (again).

JD

The all encompassing promising aspect of it is the funding. Since this is power China (SEPCO are owned by Power China as their parent group) you have to assume the Chinese loan and equity funding is there across the board for all our projects. We need the PPAs of course to truly unlucky (dare I say unleash) that potential.

JD

Across the road..

http://www.mmegi.bw/index.php?aid=83595&dir=2019/november/22

JD

News today, good news or bad news for it’s cohort of CTPP brethren on AIM such as KIBO?

I can see it as good and bad news, actually. Great to have such a high profile and wealthy individual invest, but with AIM so utter bombed out and in the dogs it doesn’t seem great value for shareholders, he’s getting a huge amount of bang for his buck IMHO. A buyer with cash has all the chips I guess.

JD

Here’s hoping, Bcl / Aerial.

I topped up with another 200k this morning, I am hoping the silence is because they are beavering away on delivering something big in the not too distant future. We need these PPAs, and if they are delivered, well, maybe all can be forgiven.

JD

There was a time in 2014 when it was just me, yes.

If I had to guess I’d say the time of MoU’s / Non-Binding this that or the other, etc. etc. has come and gone, there has been a tail off in C-Grade RNS’s which where only issued to fill a silence and did nothing (usually worse) for the SP. He (LC) must realise that the only thing that will move the dial on this will be proper 25 year PPA’s that you can actually hang your hat on. He has till March to start pulling them out the bag or we LTHs are in deep trouble, that's the truth.

JD