Member Info for mrmoagi

PS Tlou don’t have a drill. At least, not one that can drill into a coal seam horizontally. Or vertically for that matter.

And Smith, you fool, nobody knows exactly what they need for an major project. But they had to submit a bid to deliver 2 or 10MW; and in doing that they had to estimate all sorts of things in order to arrive at a price to quote for selling their electricity.

So they should have a more than reasonable handle on level of funding required. And they will no doubt have been showing this detail to any potential funders required. And they will have shown it to any Brokers putting out a research note in order for their per share valuation figures to be determined (based on assumptions).

For someone that purports to know and share so much, yet doesn’t know what FID in a project environment refers to - how on earth do you expect anyone to take anything you say seriously…..

With respect, you would be better off staying stumm and trying to use what lobe remains to learn something. Rather than waste your time and days repeating yourself on this message board and demonstrating repeatedly how little you actually know about anything meaningful to do with Tlou.

Like I said earlier today, “there will always be one continuing to tow their own line of twaddle”

Give us something new Smith. Please.

Maybe I will mate. They can start with this recent article about politics. Serowe is the epicentre of the current dispute. Who is seeking to progress a project in the surrounding Serowe area I wonder…

https://www.mmegi.bw/news/masisi-leaves-serowe-divided-confused/news

The line: ….”he reported to the President and begged him to fix the division because it is stalling developments in the village.”

So by reply to your sarcasm, yes I am pretty sure the Management team have come to increasingly learn of local conditions. It didn’t stop them rushing to raise new equity as they were ‘learning’. Just as they didn’t bother referencing any of this to shareholders at times along the way (until GG made comment in his PPA signing acceptance speech)….

So maybe mate instead of being so sarcastic or playing to your audience to appear Billy Big *******s, you might take a more humble, appreciative and discerning view that some posters here maybe are prepared to share all the news re Botswana and CBM on this board - Good and Bad.

Have a nice day !

So much water is being extracted that plans are afoot to flood the Okavanga in the dry season, thereby ensuring tourist safari season 24-7.

No flow rates released but rest assured they are soooo good. Previously told this was for business confidentiality reasons, but the real reason is because Tony and team don’t want to scare off the opposition were they to realise how far advanced the most advanced CBM player in Southern Africa is.

It defies belief that certain muppets continue to wallow in their belief that everything is, and always has been, rosy here. I think my favourite most ridiculous assertion over past 18 months is that Management didn’t want to secure funding because they didn’t want to start repayments.

Sadly, local politics are now front and centre with the ante recently ratcheted up with arrest of the former head of Secret Service. The screws are being turned to see if anyone breaks cover (I hope they do).

If, on the off chance, the funding which GG and Clueless referenced couple weeks back doesn’t materialise in their suggested timeframe, then would it be reasonable to suggest that Management really don’t have much of a clue about ‘local conditions’ ?!

Even if most here grudgingly accept such a possibility, there will always be one continuing to tow their own line of twaddle.

You appear to be missing the small matter of the gas being extracted from the coal seams (300-500m sub surface) and getting that to the surface in the first instance for use in whatever process (power generation, Hydrogen conversion, …..).
For sure the tree huggers are going to mobilise on the gas extraction at some point ahead. No doubt claiming the risk of methane emissions is far more serious that most here would argue.

Time will tell as always. Just another reason for progress to be slower than it reasonably should be.

https://www.sabcnews.com/sabcnews/work-set-to-start-on-botswana-coal-mine-in-2022-despite-pressure/

It will be interesting to see if this coal project goes ahead.

https://www.africanews.com/2021/11/05/u-s-uk-botswana-energy-partnership-commemorating-energy-day-at-the-cop26-climate-conference-in-glasgow-scotland/

Not sure if this is good or bad news for Tlou and CBM

Smith - really ??!!

Wise up !

No chance of that Wizz. New Year is a minimum 3 week holiday there for most, so no way is a squad of workers heading off into the Bush to start digging holes etc.
And sad to also say, I have an expectation funding will take longer thanGG or CC are saying.
Note… TG has been very quiet throughout the PPA signing and since. I wonder why …..
Part of my logic says if he thought all was so close, he is the one that would have been on Proactive. Instead …..

https://www.mmegi.bw/features/botswana-signs-cop26-deal-against-coal-but/news

While Botswana signed onto the agreement, the country’s delegation opted out of committing to not issuing new licences for coal. Botswana has more than 200 billion tonnes of untapped coal resources and minerals authorities have made it clear they intend to exploit these using clean technology, within the three-decade window provided by global climate change commitments.

The clause Botswana declined to agree to reads: “To cease issuance of new permits for new unabated coal-fired power generation projects, cease new construction of unabated coal-fired power generation projects and to end new direct government support for unabated international coal-fired power generation...”

Under the previous Paris climate change agreements, Botswana, like other developing countries, had until 2050 to transition away from coal for energy. The country’s Integrated Resource Plan, which outlines new electricity generation to be built and procured by government for the next 40 years, only anticipates 300MW of new coal power to be developed.

However, government, through agencies such as the Botswana Development Corporation and the Minerals Development Company Botswana, is supporting other independent coal producers such as Minergy Ltd. The Botswana Public Officers Pension Fund is was among the first funders of Minergy and is also the single biggest shareholder in Tlou Energy, which is developing a cleaner energy project using Coal-Bed Methane.

Morupule Coal Mine, which is wholly state-owned, is expanding its coal production capacity from the current 2.8 million tonnes to 3.8 million tonnes per annum, to meet both power generation and exports.

Additionally, the Botswana Railways last week revealed that construction of the key Mmamabula – Lephalale rail-link is expected to start within the next three years. The rail link is critical to supporting heavy commodities, particularly coal from eastern Botswana

Simply beyond belief!

https://www.google.com.sg/amp/s/news.thevoicebw.com/2021/11/hands-off-our-kgosikgolo/amp/

None of this is good news for Tlou or CBM

Sorry, what is your actual point here ?

https://www.bbc.com/news/world-us-canada-59131282

Going to be a lot of rhetoric around this ahead.

Large volume on thinly traded share is a clear and obvious sign of a stick position reallocation from pot A to pot B of same BO.
Most people know that. But whatevrrrrr

Likely a major shareholder moving positions around. If so, it then depends if the intention was moving from AFS in Investment account (good) or the other way round (bad).

Wrong as usual Smith. Just fed up with you posting personal stuff and thus irrelevant to Tlou.
Sleepy Joe Biden just addressed COP26 and talked at end of his address about 70 countries having signed up to reducing /eliminating methane emissions. That isn’t so cool for Tlou.
But his increasing signs of dementia did remind me of someone.

Hang on Smith - this means you took me off filter.

How jolly predictable of you

https://www.google.com.sg/amp/s/news.thevoicebw.com/2021/10/kgosi-explains-toppling-government-statement/amp/

The Isaac Kgosi story is only just getting started for real finally. Like everything else in Botswana it seems to take a long time to get to the sharp end of the drama.
Kgosi was Khama’s stooge and bully boy. Seems they are going after Kgosi to get at Khama, to quieten him diwn ahead of the build up to the next elections in 2 years time.
None of this will result in getting CBM progressing faster for sure. Maybe the opposite, who knows. As GG said - someone or some ones previously were the cause of CBM not being allowed to progress.

And as I said long time and many times, ignore politics in Botswana at your peril.

Botswana Power Corporation (BPC) has roped in India and South Africa experts to fast-track a backlog of maintenance at Morupule B Power Station. It is understood that already 55 Indians and four South Africans are already at the power station on different work contracts. The chief executive officer David Kgoboko confirmed to this publication that the corporation has hired skilled foreign nationals at Morupule B to assist in the backlog of maintenance which is mainly technical.

“It is true that BPC has hired some highly skilled foreign nationals to assist at Morupule B power station. About 55 Indian nationals and four South African nationals are already on site busy at the site to resolve the maintenance backlog,” he revealed. He said initially the power plant was constructed by China Electronic Equipment Corporation (CNEEC) almost a decade ago with substandard materials which led to frequent breakdowns which became a national concern. He said the corporation then found it fit to hire the foreigners to assist BPC with both technical and leadership skills at the power plant following an audit report that was conducted early this year by the corporation. He said the Indians will be at the power plant for a while the South Africans are on a three-year contract. He added that the four South Africans once worked for ESKOM.

Kgoboko said while the foreigners are still based in the country, they would transfer their skills to the locals so that once their work contracts expire the locals would be able to take charge. “I am optimistic that those who are under studying them are eager to learn and I hope that those hired will do a good job,” said Kgoboko. He assured the public that Morupule B is coming very well and sooner than later the country will be able to produce enough energy for its local market and also be able to export power to the neighbouring countries.

Contacted for comment, the secretary general of Botswana Power Corporation Union, Gaonaone Marumoagae said the union has welcomed the decision taken by the BPC management to hire foreign experts on a temporary basis. “The union welcomed BPC management’s decision to seek assistance from elsewhere in order to revamp the power plant. Before the arrival of those foreigners the union had a robust discussion with management about the issue and BPC assured the union that the experts are expected to be at the power plant on a temporary basis only,” Marumoagae said. He added that once their work contracts expire, they are expected to go back to their respective countries. “It is of paramount importance that there will be those who under study the foreigners so that once they complete their contracts, locals will then take over the power plant to the next level,” he said.