Well actually Whizz, my point was more the Bots Govt are the problem here. And to be fair to TG and team, yes they are taking salary here but they are not ripping the ass out of what they pay themselves.
And all the while, Botswana Govt seem terrified to let the brakes off a pilot project to test the market for 100MW of power generation where Govt put all the risk on the Private Sector.
FFS, get on with it lads !!
“Today, we are witnessing the exceptional beginning of a vision that aims to provide energy for all Mozambicans; this is a transformational project for the country,” the representative of the World Bank said during the launch. Mike Scholey, CEO of Globeleq, said in December: “The Temane initiative is an absolute regional game-changer. It will ensure a reliable and affordable power supply - crucial elements for economic and social development. It will provide electricity access to millions of people in the region."
Mozambique on Monday began construction of gas-to-power plant and transmission line projects worth $1 billion in the southern province of Inhambane as the government aims to boost energy supply. The World Bank is one of the financing partners of the infrastructure projects, alongside the US, Norway, African Development Bank, Islamic Bank and the OPEC Fund for international development according to statements from the World Bank and the US Embassy.
“Today we mark a milestone in the framework of this endeavour to illuminate Mozambique. Our governance aspires that more than 10-million Mozambicans will have access to electricity for the first time in their homes by 2024,” Mozambique President Filipe Nyusi said at the launch of the project. Upon completion, the gas to power Temane Thermal Power Plant will have a capacity of 450MW.
Whizz, you are in danger of repeating equally stupid Bradesque views. You can source all the materials you want but if you don’t pay for them, via deposit or some agreed promissory note, then you haven’t really sourced anything. And the prices quoted a year or more ago - are those prices still likely to hold today?
It really is about time a lot of Brad’s nonsense is binned.
Smith, I suspect you are the only human being in the world (never mind this message board) that thinks TG isn’t bringing in funding because he doesn’t want to spend it yet or pay the interest in it yet.
If such funding had indeed been secured, do you not think they would have announced that a facility had been agreed and was available for draw down at a later date (ie when TG wants to start spending it).
Please use some of your experience in life gained over what I assume are a considerable number of years and apply them to the real world. Not this imaginary world you live in with TG as your best friend and idol.
Ben - well Bots Govt have been short power for your 7 years and longer so sorry to say, but yes they could keep pushing things out further and further. Hopefully not but ... well... pays your money and takes your chance.
Now an interesting recent development in S Africa which definitely affects power generation export from Botswana. They recently increased the embedded generation threshold from 1MW to 100MW, which is going through Govt gazetting process currently.
Basically this means IPPs are exempt from NERSA lice using requirements making it infinitely easier for smaller independents to generate power there and sell into their grid. Potentially for export as well, but since SA is so critically short, I suspect the increase in load will be taken up domestically. And quickly.
It is just crazy how slowly Bots Govt have and continue to respond to the power situation locally. My best explanation for why is pockets are somehow being lined with purchasing more expensive power from outside the country.
Pointless harping on about the first RFP - that was reissued and Preferred Bidders awarded May 2019.
Now it is June 2021.
On dewatering - they slowed down dewatering since progress was not happening on corporate front. In any event, if they were generating substantial water flows, we would have been told what they were doing with it.
Eric Molale - his comments were June 2019 and his has long changed Ministries. Again, he is irrelevant.
Pandemic - Khoemacau copper mine is about to soon start mining. This is a substantial project and wasn’t mothballed as a result of Covid. Yes it was slowed down, but not stopped.
Basically all your reason offered in support of TG are tripe.
Easily validated - the company made repeated announcements on timelines and every one of them came and went. The speed to issue equity with last pocket of good news should have alerted you. It did everyone else - even you defended that one. In fact, only you defended the raise by rabbiting on about warrants. Idiotic.
The PPA negotiations are taking far longer than the management team anticipated (how many dings on timelines do they need) and once they are concluded, how much more time will the potential funders require to complete their work.
It really is simple and obvious - except to you of course.
The point being made on this being - Tony Gilby, you have sought to spin Reality over however many years .... telling folks that Botswana coals are the best you have ever seen (they aren’t, but actually they are ok for a CBM business); that Tlou has first mover advantage in ..... (they don’t, Sekaname and Exarro and Kubu and .... were well before anything Tlou or Saber ever did); that first in class matters .... (when actually Tlou was not first in class as they oft claimed they were); that Botswana Govt were massively supportive on Tlou (when reality was - they were and continue to be totally clueless); when .......
The point being Tony old chap - you as the CEO, who presumably approved the release of all Announcements to the 3, YES THREE, stock exchanges on which Tlou is currently listed ....
Tell me please; tell us All please - WHY is Tlou listed on 3 separate stock exchanges ??!!
Well done; actually an amazing feat of fund raising ... to get listed so extensively ....
Buddy ... guess what .... you may find raising the real and big bucks .... an awful lot more difficult ....
Your endless levels of BS has, without doubt, destroyed the company’s credibility .... and it is about time you woke up to that and set about realising and appreciating talking about ESG etc is easy; delivering on it requires Big Balls. And maybe Tlou is well short on this when the company is required to Walk the Talk.
Tony, mon Cher, .... time to take control of your legacy and reputation and place in the hierarchy .... At the minute, you are coming up Very Very Short .....
Stop talking; start doing and achieving ....
..... the reality .... or maybe even ..... reality ..... that Tony Gilby and his management team, who are all pretty young, so maybe they didn’t actually realise at the onset, .... that .... maybe they were sold a VISION .... which sadly is rather significantly divorced from REALITY ...
Look, I one hundred percent get the attractiveness that Botswana sits on top of an amazing amount of Coal Seam Gas. And that, it the Govt bought into CBM and facilitated a new gas industry etc, well .... the share price here would not be a miserable 2.5 pence (Just Imagine if you paid 40 cents back in 2009, when Gilby and Mitchell got their sweat equity at basically zero price...) the progress and performance and achievement, for a company listed on 3 stock exchanges has been frankly WOEFUL ...
Where does this end? How does this end? When does Gilby stop trying to BS his retail shareholder base? Has he worked his entire career simply to ssip (spelled backwards) Investors off ....
These are real questions; real concerns; and in this day and age of activism and ESG awareness, he Bloody Well had better pull his cotton Socks up AND start behaving like a modern day CEO.
As opposed to the frightened and embarrassed ‘rabbit caught in the headlights’ performance he gave us on the Proactive BS interview he tried to pass off the other day...
Tony - not everyone who owns Tlou shares are stupid !!!
Whizz - I can’t promise you the Govt does not tell the company what to do ! And in any event, enough of their folks are busy running round in endless circles trying to figure out what the heck to do with progressing the 100mw PPA.
How do I know that - just see how quickly or slowly the negotiations are taking ....
At least we can all agree on this - terrible news just announced.
Former Bank of Botswana governor, Linah Mohohlo, has passed away due to a COVID-19 related illness.
According to a family member, Mohohlo was admitted to the hospital two and half weeks ago after being unwell.
Mohohlo was the Governor of the Bank of Botswana between 1999 and 2016, during which she served in several operational and policy areas. She was later appointed as the Coordinator of the Economic Revitalisation Strategy in the SPEDU region, a position which came into being at the end of 2016, to coordinate efforts of attracting investment to the SPEDU region to generate employment opportunities to replace the jobs lost when the BCL and Tati Nickel mines closed.
In 2017, she joined the country's coal bed methane company Tlou Energy as a Non-Executive Director. In
2018 Mohohlo was appointed the Chancellor of the University of Botswana for a five-year period to June 2023.
In May 2015, United Nations secretary-general Ban Ki-moon appointed Mohohlo as a member of the High-Level Panel on Humanitarian Financing, an initiative aimed at preparing recommendations for the 2016 World Humanitarian Summit.
Mohohlo held a Bachelor's Degree in Economics from The George Washington University, Washington DC, a Master's Degree in Finance and Investment from the University of Exeter, UK and a Diploma in Accounting and Business Studies from the University of Botswana.
She was 69-years-old at the time of her death. A statement and further details on the funeral are expected from her family.
You are right Smith - 99% of the posts here are tripe. And who posts the most .....
As for what happens in Botswana - well correct again, you have no clue. Most others also have no clue. Maybe you should stop talking or making suppositions on which you are Clueless.
Wrong again MFM - I try to post reality about the environment in Botswana so that shareholders or posters can better understand the challenges facing Tlou. If I know them, don’t you think Tony and team know them? So speak plainly and clearly about them - not speak in the disingenuous way Tony and team have spoken and presented for however many years now.
But as you also say (which I agree with), posters here are not the main sellers. If anything, again as you say, we are the loyal holders.
Ask yourself - what are the things needed for this company to progress? Yes to PPA and funding. What then? If they arrive in that situation and then continue with the BS messaging of the past few years, who in their right mind can take the company seriously.....
Cut the BS. Be open and clear; let shareholders decide based on sense, not smoke and mirrors. And get on and execute and deliver a period of sustained performance and achievement.....
Tell me I am wrong and mean it when you say it !!
Here we go again. The children would rather scream at the messenger than face up to the blinding reality staring them in the face. 2.5 pence and an update that has done more damage than good.
Carry on lads - moan at me all you want. You know in your heart of hearts what a fiasco this has turned into. Acceptance is the final of the 5 stages ....
As for agenda - well guess what. The stock is not going to soar to the levels people hope for until there is credibility in strategy and some robust deliverable progress shown. So let’s get this stock base-lined, get the BS out of the way, provide shareholders with a workable and sensible strategy (not inform us of the desktop uses we know gas can be associated with), get us to Ground Zero so those that want to stay and play here understand what they are signing up for. And cease with the endless over-hyping of Tlou’s potential for.....
A company listed on 3 stock exchanges and still no clear strategy; just deflection from problems arising in waiting for a Govt to negotiate a gas to power PPA.... Some, probably many of us know the reality here - come out and say it Tony and team .... You will then have drawn a line, feel better and find you can move on. Rather than these endless endless endless attempts to keep buying time.