Member Info for mikemike

BCL

If the BIPp optimism is backed up from their party this may be a turning point here and perhaps not far away. I note that the RNS re BIPp does suggest that the financing is also being done

BCL

Before offering Lc a firing squad or a noose. I would like to fully understand why not just Kibo but as far as we know EDL as well did not ''qualify''

I was under the impression that the documents purchased were to be completed and returned. This if satisfactory, would take any now ''qualified'' applicant to phase 2 where the merits ie pricing etc would be the key issues.

I just think that this could be about process/procedure ''form'' as opposed to ''substance'' which is what phase 2 should be about . Could it be possible that Tanesco have screwed the process up again!?

BCL

You attended the investors evening. what was your thought re BIPP as their man attended.

drax you are just painful

‘anecdotal evidence’

Usually suggests uncorroborated guesswork

Hi shrubby. I am distracted as the super XV is live from today.

This part of the RNS may suggest a submission issue

''that it did not qualify to compete in the next stage of the bidding process''

Nothing to do with coal not being wanted.

''Did not qualify'', could mean absolutely anything. Could mean that all documents were supplied but not all were reviewed, for whatever reason.

We need LC to get some answers, if he can. If Tanesco have screwed up, they have done it before, then it will be an interesting chat.

Drax
LC opened up those extra projects because he knew that an alternative was a good idea. If not we would now be sunk without a trace.. Give LC credit for being ahead of the game and understanding the risk better than most here.

At the end of the day we do not know that Kibo are kicked out. we think we know that Kibo did not adhere to the process. Will there be further Tender opportunities at Mbeya? Time will tell and if so, I think Kibo will be even better prepared.

There may be a few more selling down today.

Then its down to the other two main projects plus MED.

Treat TG as a write off, so if anything good does come its a nice bonus.

LC will update once he understands what has happened and why, no point in telling us anything without the details of what has happened.

Those who attended the investors evening had a great opportunity to sound LC out not just a part of the presentation but also on a 1:1 after. They can form their own judgement, and if they wish to share an opinion based upon that experience, they can, why Not?

Disappointing day, yet still not an unhappy clapper.

SYM

it appears both Kibo and EDL are out for the same reason. Did neither follow the Tender submission proposals to the letter so it is a technical default? Seems that two of the LSE quoted companies get the same reason.

Any of the the non LSe companies get any announcements?

SGB

Yes some thought and it looks like a process issue rather than a change in energy mix. unless they are hiding behind a process to alter the energy mix. That would I think, be too silly, even for the TG

I wonder if Tanesco changed the format again?

Lurker anything is possible including the opposite of that which you are suggesting

Rocktapper TZ removed themselves from that process. All applications agreed to that or do not get accepted. I am not so sure that will be the way to go . At this time LC has not had a ''reason why letter''

Bb your forget to add MCIPP to the BIPP and MED. I will not include KAT at this time

BCL

The GOT plan (new plan) may not involve any thermal coal plants at all.

BB

stop it you are being so silly

You were the one boasting on here about your prowess and how much more you added in. you will not find that from me.

I will post here as i see fit, thanks all the same

Bb

Quite clearly an emotional day for you. As I am invested and remain so i will, stay put. I imagine as you boasted about how smart you are in increasing your holding as you take pride in reading investments correctly , thus must be a bitter pill.

i am just going to continue to be enthusiastic re Bots and Moz until otherwise proven not to be

This is an emotional day for all and it will be hard on many.

Sonic perhaps it is Tanesco who has the explaining to do. they may have decided that any and all coal based projects are not to proceed. we just do not know at this time

BB

I am clapping hard for Bots and MCIPP. As you are invested here you may wish to just treat this as the big ''in country'' risk you always knew about

there are some who did not understand the importance of coal exports from Bots to SA. MINERGY do understand this and a large part of their annual production of 1.2MT will be going south. they are also looking to gear production up to over 3MT, Why? The market in SA is there. The exciting news that LC referred to in the January news letter for Botswana that appeared in December . Will this be related to Shumba coal export potential?
Here is why.

''Stage 4 load shedding: Here’s how close South Africa is to disaster
Make no mistake, Stage 4 is a huge worry for both Eskom and the whole country. But is our load shedding nightmare only going to get worse?

Tom Head by Tom Head
2019-02-11 15:10
in Opinion

Eskom has plunged South Africa into darkness, in a more dramatic fashion than usual on Monday. The energy firm “lost functionality” in six of their generating units, escalating the load shedding schedule from Stage 2 up to Stage 4. Stage 3 didn’t even get a look-in, such is the severity of the situation.

Stage 4 load shedding – what does it mean?

Stage 4 allows for up to 4000 MW of the national load to be shed. It is double the frequency of Stage 2, which means you will be scheduled for load shedding 12 times over a four day period for two hours at a time, or 12 times over an eight-day period for four hours at a time.

Stage 4 is as good as unprecedented ground for South Africa, who only had a brush with it back in 2015. Eskom has already admitted that this electricity nightmare could stretch into April, as the crippled utility giants slump from one disaster to the next.

Unfortunately, their failure also heaps misery on the rest of South Africa. We are certainly not using the term “disaster” lightly, either. We are taking it from the experts. Ted Blom – a senior energy and mining and commodities strategist – told us that the situation is now “very serious”:

“With Stage 4, they’ve effectively lost a power station. This is a very serious situation, and 20% of the country is currently in darkness. I would say this is absolutely disastrous. The technical operation problems run deep – old stations are not receiving maintenance, whereas new stations have not yet been commissioned.”

“Their application to implement tariff hikes won’t help them. My gut feeling is that NERSA will not give Eskom anything. Their case is defective and 15% wouldn’t be enough to save them, either.”

Ted Blom''

The feed back some have given from the investors evening does suggest that the Moz gov are the goers and that Kibo et al need to keep pace or have I over stated those thoughts.?