Member Info for mrmoagi

Eddie - isn’t it better to know something than know nothing ?!

Morris, that Project Finance para did cause me some concern since (as you will know) I like to look for potential disingenuity in Tlou announcements.

Terms are agreed - very specific;
Legal agreements are being prepared - hmmm;
Agreements need to be finalised before becoming binding……;

$10m is a decent chunk of change for sure. I would expect the lender will require Credit Committee approval for an amount of this size, and I cannot see any way that approval has been obtained if no legal documents have, as yet, been submitted to them. So this para was my biggest problem with yesterday’s announcement.

But GG did say publicly at the signing ceremony that financial close was expected in a few weeks. If that turns out to be another fast and loose ‘tantalisingly close’ stuff up, then that clearly could have repercussions. But I am, for once, prepared to go with the half full approach and take what they say at their word.
But as I said in a post yesterday, I hope we don’t find ourselves in 3 months time waiting for confirmation just ahead of the end January quarterly update with Tony telling us project finance has at last received final sign off.
Is about time this company and it’s management team got their narrative correct and on point. SR is a lawyer by training; Colm is a chaartered accountant by training - time they consistently lived up to the standards of their professional qualifications.

All this said - here is hoping for a strong few days ahead as the weak holders are cleared.

Tend to agree with you Olda. This is actually great news today and surely they would not have allowed GG to say what he did about financial close in the near term unless they were secure in their position.
If they have been hasty in their assessment of that, then really the credibility of (some on) the management team needs is under question.

Fingers crossed for a decent showing overnight on ASX, followed by a good showing on Proactive or ?? Interviews presumably tomoro (or soon). They cannot keep making the same mistakes of the past ahead.

See, the thing is Hot Potato, nobody else was urging caution. In fact, pretty much everyone was on the exact opposite.

Come on mate, admit it, I kinda know what I am talking about here….. if only just a little bit. Show some respect man …. It has been honestly and well earned hahahaha

You guys, you make me chuckle with your pettiness

Plan to stick around a good while longer NP. After all, I am the only one on this board calling out Tlou’s (lack of ) progress correctly for the past 4 years.
My ‘followers’ still require realistic guidance given the track record thus far. I imagine you are glad to read this.

But still, as I said earlier, today is a really good day for Tlou and CBM. Let’s hope the momentum doesn’t stall yet again…..

Sounds like it is tantalisingly close then ….

When listening to GG speak, he made it pretty clear project procurement delays had caused (cash flow) problems for Tlou. The PPA contract, signed today, allows potential funders to say either yeah or nay to lending since now they can see commercial terms offered in black and white.
My sense is this will still take a while to finalise - but one thing is for certain: with another quarterly update out next week, Tony has pulled another proverbial white rabbit out of the hat.
And by mentioning project funding is near agreed within a matter of weeks, today’s news allow him to swim smoothly through the quarterly update and beyond ……
And a few weeks after that is early December and then 6 weeks of nothing. Meaning we could well find ourselves still threading water this time January 2022 all too easily.
And equally, for once the company might be on the money with forecast timelines and we all adjourn into the 6 weeks of nothingness (except Smith’s irritating irrelevant ramblings) safe in the knowledge money to advance everything has been secured.

Do you take your money off the table or do you open the box / roll the dice again ?!

I am going to wait for Smith to share his genius with us. Rather than have him critique and rubbish anything I have to say.
This should be good……

That’s really great news Smith. On the day most shareholders here have waited an eternity for, you want to share even more good news on your latest browser update problems.
Thanks a million. You are one in ten million, for sure.

Just for avoidance of doubters, today is a great big positive day in the life of Tlou! The only indigenous gas source in Botswana is CBM and if it is going to be used domestically, then power generation using CBM as the feedstock needs to be demonstrated as being commercially successful.
This is what Tlou (and I assume Sekaname) have been working towards for many years. Tlou have the first PPA contract awarded by Govt/ Ministry to an IPP. This is the start of things - hopefully many things and many really good things ahead.
Until we see more of the detail (which likely we never will), my sense is this 10MW for 5 years term is still closer to a proof of concept pilot project than a wholesale adoption of CBM as an accepted energy feedstock.
It begs the question as to where Sekaname are with their 97MW PPA - is that the next taxi off the rank or has their effort fallen through ? I guess time will tell us.
The First Lady that spoke mentioned the 2003 geological survey conducted by Advanced Resources International - are they really still dealing with such old geological data? If so, that worries me. Surely there is more current and reliable data than that. Then again, if the gas was there then, it hasn’t gone anywhere since.
But as I say - a good day for CBM in Botswana. Finally !!

Looking forward to the Proactive interview with Tony later today or tomorrow. Hope he gives a bit more detail than just the headline 10MW for 5 years.

Like I said, sit back and enjoy the absolute shoite to be posted this next while by Smith. If only he could contribute to the actual conversation around what the PPA actually means in any meaningful way I might cut him some slack. But he just posts ignorance, irrelevance, and meaningless twaddle all of the time.

Is all good news finally. The road ahead has a clear purpose.
5 year term for 10MW power generation;
Delivery of power is part of the IRP for the next 2-7 years;
Per GG, delivery of electrons into the grid within the next 48 months - I hope it doesn’t take that long;
Per GG, we expect to achieve financial close in next couple of weeks (silly boy, should have left that more open);
Per GG, no gas infrastructure currently in Bots hence company has been unable to mitigate costs incurred by selling early gas flows;

Gentlemen start your engines - finally. Now we will see if the market believes !!

Well let’s just wait and see what the detail on this is first.
Is it Tlou’s allocation of the 100MW tender or is it the interim 2MW mentioned previously ….. We will know rather soon …..

Sitting here smiling …. Smith will talk some shoite today ahead !

Irrelevant, unnecessary, and disrespectful.

Disrespectful to the posters here that have frequently asked you to stay on topic and stop posting messages such as this. How many times do you need to be asked?

Again, about as interesting as it is relevant to Tlou. As usual

About as interesting as it is relevant to Tlou. As usual.

“I have been told that the documents are complete apart from the signatures. Complete meaning they have passed through the various departments required”.

Anyways …..

It didn’t cross my mind to not believe you. Nor was I asking you who told you.

If someone at the company - IR or a Director (I assume) - told you that the PPA was agreed pending final signatures, and the PPA is sufficiently important in the context of the company - then if that doesn’t meet a reasonable definition of inside information, then I am not real sure what does / doesn’t.

Don’t get me wrong; I am happy the PPA seems to be nearly there. As I said earlier in week, I had a top up myself on this expectation. Only difference is, I wasn’t guided by anyone at the company. Or even by Smith for that matter …..