Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A lot of chunky sells this past couple weeks....£13k offload today for example. Does make me wonder why they would sell now when this truly could be a transformational period for the company. I am buoyed however by the fact that gilbys friends have put 1.2 million Aussie dollars in....I’m sure they must hv some sort of idea on gas flow rates etc before putting that money in. Just waiting on those from the Bots Govt to get things moving.....probably take another couple months knowing them. If the news is good we shall all enjoy the summer and if not i’ll Probably wait around even longer for those PPA deals to come thru from those interested parties TG and CC always bang on abt. God knows how long that might take though. GL all
I feel ur pain BTS. We both (along with many others) have sat here waiting for far too long for the Bots Govt to deliver some sort of award. We can’t be too far away now....my main concern is that if we only get 10MW (which is all we want for?) then the market may not react too positively to that. I’m hoping we get a big chunk and the share price shoots off but until that RNS drops who knws what will happen.
I still think the board have been pretty poor. They’ve talked about offtakes, interest from solar partners, pilot projects, membership to the SAPP and loads of other BS which hasn’t materialised. They have been led a merry dance by the Bots govt and us shareholders have suffered. I’m “fortunate” in that my avg is similar to urs BTS cz there are a lot of investors who bought in when the SP was moving up and up.
Demo yes that was my interpretation of the situation too. Wot was also interesting was that in the RNS which announced the tender update it said Tlou were commencing with a 10MW project whereas previously they have said up to 10MW. This type of tender definitely falls into Quality Based Selection and my reading is that we are now in negotiations with the Govt and it wouldn’t surprise me if it was for the whole 100MW.
http://maps.prodafrica.com/wp-content/uploads/2017/05/4139_geodir_Document_Ops-Manual-Review-final-FINAL-FOR-LAUNCH-April-2014-S.pdf
Chapter 9 is an insightful read into Bostwanas procurement process. Although dated 2013 it is their latest version. Point 9.4.3 is interesting. Thoughts anyone?
https://www.journalducameroun.com/en/botswana-looks-to-s-africa-mozambique-as-power-crisis-bites/
Bythesea - good to hear from you. I have to agree the bod have let a lot of investors down. As soon as the tender was pulled in Feb thy talked up offtakes etc but nothing. Now thy keep goin on abt how gas are prices rising and therefore no need to get a PPA now. But where’s the pilot project that was championed too?? Yes the Bots govt hv a lot to answer for but the board hv taken their eye off the ball and now we r all in the sh@t. Where do investors think we will be this time next year??
So bak into the 4p territory. Crazy considering the work going on. Board need to take full responsibility....another shameful example of poor management. All regular rampers hv sold up and now ramping elsewhere. Hats off to Donkey cz he the only one that called this
Need some good PR here. Markets are f@cked at the moment and like most shares we are taking a big hit. The Tlou PR team need to step up. Oh wait the Board needs to step up as well. Where’s the pilot project with BPC that Colm and Gilby were saying was coming? Come on do something to get investors interested again before the tender results
Tom I think Bob was just being tongue in cheek and yes sure we are all responsible for our own investments. Yes Tidd ramp this to high hell but to be fair he does have very good insight thgh. He prob sold out a while ago at a tidy profit. GL all
JustScott who knws what the f is going on here. Markets maybe bad and let’s use that as the reason why the SP is in no mans land right now. Obviously hoping things will pick up soon, but tbh who knws what is going to happen. Could be heading to the 4s and that would be bad news for us all
After I saw a large sale on Friday morning I was worried of a sell off. Checking today’s trades and I have to say I’m more nervous than ever now. Wednesday cannot come soon enough. Until we have confirmation that our bid has bn accepted we will have to sit and wait. Unfortunately the events of this year have seriously deminished my faith in the board (and Bots govt) and a positive RNS this week is defintely required. Any further delays and then us investors can definitely kiss goodbye to much of our hard earned money. GL all
Why do u think I am seeking reassurance Tidd?? I am just highlighting concerns around how the board have conducted themselves.....and u all must be deluded if u actually think they have done anything resembling a good job over the last 12 months. One cannot continues to blame the Bots govt....why haven’t Tlou themselves not signed any offtakes and taken control of things themselves? Plus without any revenues (and no sign of any coming in) how on earth can the project continue? Another poor share raise maybe? And finally don’t u think that every update/vox podcast just talks about the same old thing and nothing actually happens. This has all severely impacted investor confidence and no wonder the share price is now in the doldrums. This RFP has been talked up by the board for over 3 years now and still nothing. How can investors not be annoyed with the board therefore? What I do with my investment is up to me. Of course I have sold some, but the point of my posts is to discuss the company and not like the reg posters just continue to talk up what is a right now a very poor performing business. Their performance may change but as of right now it is shocking to say the least.
Not asking for reassurance but this is a message board Tom and the whole point of it is to discuss the company. My questions are relevant for me and fellow investors alike, as well as others looking to invest. I only want the best for the company and as an investor have a right to ask questions about the company’s performance. I find it amazing how this board is all about talking the company up and if one talks “out of turn” they are put down and told (in a nice way) to sell up. Why can’t u talk about the investment case? Are my questions to u not relevant to the investment case?? Of course they are but like most here, you only want to hear good things about the firm and have no interest in actually discussing the current state of the business. Whether I sell all or some of my investment is my decision, but as an investor I will ask questions and hope to engage in healthy debate with those who actually want discuss the current state of the business. U obviously dont
So Tom u think the board is doing a grand job?? Do u not think another raise will be required to continue the project considering there is no revenue coming in? Do U not feel the rhetoric is very much same old same old and nothing of much substance has actually been achieved in the last 12/18 months? And we all knw who Donkey is. To refresh ur memory he’s the guy who has been spot on to date about this share
With all these delays with the govt, why hasn’t TG found another route to market? We need revenues soon otherwise another raise will be coming. For a man with TG’s reputation this sure is a bad show. What is particularly concerning is the same old rhetoric coming from the board. They must understand that investors have put their hard earned money in here and so shouldn’t just be mugged off with rubbish. Colm really should be stopped from doing anymore PR as he rly is (in Donkeys word) clueless. And where the hell is GG? He came on for an interview but 6 weeks ago and nothing that he has said has materialised. He rly is a waste of time. The Tlou legal guy (Solomon I think) was very good on a recent interview so maybe they should put him forward more. Either way the firm have a few months to sign a PPA before investors totally lose patience with this share. The rfp won’t be finalised until Feb at the earliest and investors will be fed up to the back teeth of how the board have just been totally blinded sided by the govt (again) and give up if nothing materialises. A PPA is ever more important now as cash is getting burnt and there is no sign of any money coming in. For anyone looking to make a quick buck, unfortunately this is not the place. When I first invested I was looking at a 2 year investment. One year in and that plan looks shot to pieces. This will come good eventually, of that I am sure, but that could take years. Can I wait that long is the question. GL all