Which is - do you post here to try to properly inform people about Tlou OR do you post here just to take the opposite view of what I post?
Why am I asking this tonight?
Tell us here what you really think about their crypto mining and its likelihood of getting any traction.
My opinion is crypto mining will never see the light of day here. That is my point. And my reasons have been given.
You can waffle all you like about it, as you usually do.
Read the Mmegi links - crypto will likely be regulated soon. That will kill 80% of the chancers wanting to give this a go. The rest will have either expertise or a balance sheet - and none of their staff are going to want to work in a data centre out in the Bush at Lesedi.
There is as much to do at Lesedi as there is intelligent practical thoughts passing through your vacuous numbskull.
No need to listen to me - wait for your Batman and see if he embraces the opportunity. At least he has sort of an idea about the requirements here - clearly You Do Not !!
Or do you want us all to believe you have researched it these past 24 hours and now you can tell us all we need know….. YAWN
Stop talking about crypto mining - it will never happen for Tlou selling a power Offtake to anyone. They need to connect to the grid, then sell into the grid, establish themselves as a steady state supplier of power, and then maybe they will be able to look for 3rd party offtakers.
Get real FFS.
Smith - Morris is laughing his leg off at you mouthing off your usual total irrelevancies.
And the management team will be lapping all the BS talked about crypto since that means less time spent criticising them as to why progress on the company’s number 1 priority is slow.
This is worse than amateur hour !!
Beyond stupid as usual, and now Morris has joined in your low end intelligence, which now extends to Think Tank Guru saying BPC will buy any old rubbish Tlou deign to give them at time of handover. And our so-called Influencer not being able to piece together the risk management steps associated with a BOT project.
Plus the Influencer doesn’t have the gumption to appreciate what that Govt is a collective for government, ministries, parastatals and operating companies therein.
I am looking forward to the explanation as to how crypto generates early stage revenue for Tlou prior to the transmission line being ready.
You really are covering yourselves in glory at present.
https://www.mmegi.bw/features/will-the-new-cryptocurrency-bill-sweeten-or-sour-the-industry/news
https://www.mmegi.bw/business/new-law-to-force-licensing-of-cryptocurrency-traders/news
Happy to let others comment
Winni - please refer my comment in Time to disect the OR post.
Who will own the transmission line? BPOPF are lending money to Tlou, to be spent on transmission line and power generation assets.
What is the collateral for the loan?
I think probably the transmission line is since Tlou get the money to build it, prove that power generation works and can be steadily delivered into the grid. Great if all goes well….
If it doesn’t, BPOPF have a charge over the transmission line for their loan which they exercise. They take control of say just the transmission line and they back to back that to BPC, who have expanded the grid into a reasonably remote part of Botswana but at least for BPOPF and BPC, they get something back for the initial loan to Tlou.
If the gas to power generation part doesn’t work, then it’s curtains for Tlou anyways. It would be stupid to locate a solar farm at Lesedi without corresponding gas power generation - that can be done much closer to urban areas (and still be 5-10 km away, not 100km).
Hydrogen - it has a long way to go as well as a POC, and locating it 100km from Serowe (or large urban area on road network) also seems stupid - but happy for someone to explain why such remote locations make sense.
Just my thinking out loud - not saying all or any of this is on the money. But I see sense in parts for sure, especially the lien over transmission line so that Bots Govt can demonstrate good risk management when putting citizens money to work….
Tlou plans to develop gas and solar power generation assets at Lesedi with electricity to be sold into the power grid - if I plan to develop something, am I implying what I hope to do is still quite a ways away?
Lesedi Project has ALL approvals in place to allow development to commence. Okey kokey can we get on with it then please or is there some reason this Report did not mention anything whatsoever about next steps? 1 or 2 short sentences would have been sufficient to keep the ‘chief cheerleader’ happy.
BPOPF funds are planned to be used to finance construction of transmission line infrastructure to connect Lesedi Project to the power grid, installation of generation assets, and ancillary costs to facilitate power generation and sale of electricity. This is Gas to Power. This isn’t solar power generation assets even though that power would be evacuated through same transmission line.
Question - who will own the transmission line once power is being transported to the grid? BPC currently owns the entire grid including power stations, substations, transmission lines, and probably everything to point of connection into buildings. Will Tlou continue to own this transmission line - this one is worth exploring further!
Mamba - next stage of exploration is likely to be core hole drilling. Results from core drilling would lead to a Resources assessment first; production or operating wells would need to be drilled before any Reserves could be published. (Costs loadsa $$$)
So the comment ‘positive results from Mamba Could expand the reserves footprint …’, whilst potentially correct, well if Lesedi gas flows are not the nirvana we have been led to expect, who wants to bet more exploration dollars are coming to drill Mamba down the track ….
Boomslang - they have done nothing here except await environmental approval plan. Covid has been helpful then - not possible to drill (ie spend money on this).
Hydrogen -‘preliminary engineering’ …. was completed. Whoopedoo, this one is hurtling at full speed then as well, not.
Why no comment or update on anticipated IPO?
Solid carbon - has amazing world markets. Such a shame there isn’t one yet in Botswana. Same as for CBM power generation actually, and we know how long the latter is taking to progress.
Crypto Mining - still speechless at this. At the stupidity of this. Maybe this is proof Tlou has transitioned to a lifestyle company.
Such mining requires huge and stable power supply. Something Botswana simply Does Not Have, not can it guarantee it to anyone there at present !!
Anything anyone else says is pure Fantasy !!!!
Of course it is yet another ‘inspired’ idea Morris. And there will have to be a fair amount more detail to follow - like how much crypto mining currently happens in Botswana; how stable the grid is such that blackouts are avoided (big requirement for successful crypto mining); and the bit I am most intrigued about is how Tlou evacuates its power to the end user.
I mean, Lesedi is out in the Bush; Serowe is the nearest town; I doubt Serowe is the hub for data centres; and ….. well….. it all sounds a lovely jubbly idea and all that ….
Yup, just lovely.
The PPADB was the body that administered the 100MW tender. And now it has gone. Hardly surprising really given how useless it was for the first ever gas to power tender.
Relevance here - just more change going on within Govt and Ministries with running the economy. It would seem the system there was in bad shape and in bad news of overhaul.
ffective April 1st this year, various government ministries through their accounting officers will now be at the fore-front of adjudicating and awarding tenders worth billions of pula. This comes after parliament passed a bill last year to overhaul public procurement.
In the new law, the country’s purse bearer, Finance and Economic Development Ministry, has dismantled existing public procurement pieces of legislation, transformed, merged and formed a new public procurement arrangement. The existing public procurement high command base — the Public Procurement and Asset Disposal Board (PPDB) would cease to exist beginning of April.
Today’s Daily Telegraph:
The energy crisis has burst a multibillion-pound bubble in green stocks as gas prices surge and the world confronts the true cost of net zero. Shares in renewable energy companies have tumbled to their lowest level in 16 months, almost completely unwinding gains made during a stampede into companies aiding the shift away from fossil fuels. It comes as new figures revealed that private equity snapped up oil and gas firms worth almost £12bn last year, a huge increase from £232m in 2020 as the sector ploughs investment into renewable energy.
A basket of global clean energy shares, which includes renewable giants Iberdrola, Vestas and Orsted, has tumbled 45pc since the record peak a year ago, wiping tens of billions of pounds off their “excessive” value. Rising material costs, frothy valuations and escalating interest rates have dampened investor enthusiasm after a flood of money into the sector. Surging gas prices are also thought to have raised concerns, because they highlight the challenge of ditching fossil fuels.
Stewart Cook, co-head of European markets at Berenberg, said: “Clean energy stocks were caught up in the record moves higher in non-profitable, almost concept-like themes such as ESG and electric vehicles. These moves and valuations were exaggerated by huge inflows to investors and liquidity chasing these relatively small, embryonic sectors.”
Renewable stocks have fallen by a fifth since the start of December after being hit by a wider shift by investors out of pandemic winners, particularly in tech, into more traditional sectors as interest rates rise. Solar shares have slipped 45pc from their record peak, while wind firms have dropped by a quarter.
And meanwhile here we all are, merrily debating why a poxy aspiring energy company cannot develop itself beyond a proof of concept stage. Small aspiring wannabes are supposed to be nimble and able to move quickly - that isn’t something anyone can say about the energy market in southern africa for sure.
Back to my favourite question - Why is that??
Whizz, as you know, we have all been told the share price does not matter; that TG is an honest bloke and has everything in hand; that the board cannot travel due to Covid and so are busy with SM prototype preparations in Oz; that Danny will be issuing his report sometime or other; that it is better to not seeks debt finance too soon in case a business expense was incurred (good governance apparently); that with rising electricity prices ahead Tlou is lucky to have TG at the helm as he wouldn’t want the company trapped in a PPA at a bad sell price for too long (our guru hasn’t heard obviously about variation terms within a contract, or capacity charge, or revised Offtake); that those on ASX the past 2 days responsible for 2.1m trade volume are idiots for listening to message board traffic and being sucked into negativity (now the only reason why someone would sell apparently); ……
In someone’s own sarcastic words - quelle surprise indeed !! How on earth could these punters be so dumb as to be selling such a sure thing !
Well when all you are interested in is transmitting your worldly view of all matters Gump, with little or no ability to filter, then sadly the rest of us here are left having to observe and (when we can be bothered) read the fruits of your daily labour.
PS share price 2.15p. Still view the share price as irrelevant?
PPS Danny Boy has been there quite some time now. Still wondering what and when he is going to report.
PPS Did you hear the one about a Gas to Power company that decided to turn a few other tricks. And none of them so far are funny.
PPPS (and my favourite) Just because a clever /lucky dude made a few quid doing something before, does that mean he is constantly guaranteed to keep making a few quid.
PPPPS Do you yet appreciate you the meaning of ‘following’ someone, and it’s connection with ‘influencer’s’. If you did, perhaps we would not have to read a post like the earlier one from BTS.
PPPPPS There isn’t a person on this earth, or ever was, that could claim they were influenced by my take on an investment decision. On a message board or anywhere else.
Why don’t you take time to reflect on some of this - rather than bore everyone even more with even more transmission !
I see you asked me a question Whizz. And the resident responder had to involve himself, as per usual.
It doesn’t matter what anyone here thinks - posters post and all threads usually end up with his narrative ending any chance of 2 way reasoned discussion.
What an incredible bore.