Member Info for mrmoagi

Here here !!

Very extreme and daft messages appearing on this thread imo.

A general observation I would make is - this is a medium sized (rather than large scale) pozzolan deposit, so this puts SR and PC at the mercy of the large scale CMRC operators. Go look at GeoFortis website, who are now in production and supplying from their Utah plant. They may have started, or will soon start building their larger Reno plant, meaning that pozzolan is increasingly being supplied to CMRC players. That actually is good imo for Sunrise because if pozzolan is being accepted as a replacement product, over time demand will/should steadily increase…. Why else would Geofortis be building a larger plant at Reno….
Basically Sunrise is a minnow here, at the mercy of large global CMRC corporates. We have no (or limited) ability to force CMRC companies to accelerate their plans and processes.
So my suggestion to those here whingeing about lack of news and progress - do you really think Sunrise management are the ones causing the Go Slow….
If you do - you are in the wrong stock.
If the CMRC companies think this deposit is too small or too far from market, then it will never be cost competitive and boom…. value destruction ahead. If they are interested, because it is cost effective due to product specs and shipment logistics, then you are gonna have to wait until the CMRC want to play ball… Not the other way round.

Well I guess that is one interpretation of Tony’s strategy I never figured - that he planned for this all along.

Does anyone know where Strata-X leases are and who they bought them from?

Remember them?

Morris - I suspect you are still in contact

Hahaha. I love it! Why don’t you call them and ask. I imagine they will appreciate your services to help raise their profile, given your success rate with Tlou.

Officially 12 months …. but they hinted it might be quicker.

OMG, does it ever end !!

MFM - say something new about me mate. Please.

Open and honest communication by management to shareholders is the first step in righting the good ship Tlou. They have bull-****ted us and the market for too long now. They need to restore credibility - and that can only begin with messaging.

The market has been let down by them too many times now. That is fact. Now start fixing it !
Maybe then we will start to make money. It really is that simple.

100 per cent MFM. They also could quite easily have said in the upfront summary ‘upon successful negotiation of the PPA’. Did they?

Despite the one dimensional noise from the noisy children, reality is pretty much all announcements are over-amping, over-emphasising all aspects of the project potential. Even the Hudrogen Syngen development was written in a way to make it sound like a done deal - fund raise via their IPO, prototype on site and in production next year.
IPOs take a while and are seldom easy;
Building a prototype is new tech and takes a while;
Getting new tech to work properly often takes a while;
Getting something done, built or delivered in Botswana takes a while;
Establishing a new product in a fledgling market takes a while;
Getting a PPA had to the point of the last fund raise taken a long while, yet the point was relegated to the after thought disclaimer paragraph;
In short, everything in Botswana has taken a while, continues to take a while, but Tlou wanted money there and then and quickly … and it didn’t want to draw attention to the ‘takes a while’ reality.

As I say often - disingenuous behaviour. It is there in multiple examples in black and white.

And comments by the MD in his report yday were a continued example of how he views his messaging to shareholders !!

Use of Funds:
The net proceeds of the Placing, along with existing cash, will mainly be applied by Tlou towards:

· Construction of a 66kV transmission line from the Company's Lesedi project to the existing electricity grid at Serowe, Botswana; and
· Field operating costs and ancillary equipment

The Company plans to commence work as soon as possible on the transmission line following award of tenders for the construction of overhead transmission lines and sub-stations. The Environmental and Social Impact Assessment for the line has been completed as well as route alignment and associated surveys.

That settles that then!

I wonder who will be man enough to apologise.

Morris - we are not debating what Tony should have done in the 6 months after the fund raise. We are debating what he said was the purpose of the last fund raise ie on what the funds would be spent.

Full circle discussion then - back to my comments this morning saying yet again there was double speak and disingenuity from the management team. This time in the Directors Report no less.

Raising funds under false pretences - that is what is being alluded to here. Not the subsequent pivot away from that - when 100% TG was correct not to spend the money on poles and wires until such times as a PPA has been negotiated and accepted.

I am sure you are right. Now there’s a first ….

Morris, was my reply too ‘insipid’ for you? Maybe I should get my ‘tool’ and see if it can fix the share price, the delays, the disingenuous messaging, your ability to get even reasonably close to a share price forecast, …..

I bet even you never thought if you divided your forecast price by 10, you would actually be quite close to the current price today. Have a nice day !

Morris, and nobody is fooled by that general disclaimer either. We all know the emphasis of that fund raise was to proceed with the transmission line, otherwise why are others here making similar observations / complaints ?

Disingenuous - I know you know what it means, since you are not averse to the odd ‘little stretch’ yourself …. when it suits.

Listen to the boardroom chat; read all of the various RNS on the fund raise, especially the first one announcing it. Then come back and try having an intelligent exchange of views.

Thank goodness for Appi - (s)he sees right through TGs false words.

To those if you that think all I want to do is post doomsday stuff here, think again please. Let me explain.

I don’t like being lied to. I suspect most, all of you feel the same way. The words explaining the last fund raise were fast and loose at best; and something entirely more sinister at worst.

I keep reading here how great TG is as a leader and the endlessly repetitive reasons why. There is only one reason I can see people have put forward - that being he was part of the wider success of CBM in Australia. He came to Botswana to have a crack at repeating the trick here. And he put his foot soldiers to work - Solomon, Clueless and GG (and elements of the Board) - who promulgated great vision and strategy and colourful presentations and alluring words.

How many flip flops have there been along the way? I know I have lost count. I know I have remained skeptical of much of what they have said these past 4-5 years.

Words contained in a press release or RNS or appearing on the website of a publicly listed company matter. These words are where they are held to account. Plain and simple, the company rushed to raise funds with the last raise for one main reason - they saw they were going to run out of cash a few months ahead.

But they dressed it up as something else entirely - you either agree with that (as I do) or you do not (every one entitled to their own take on this). But there are rules and responsibilities around a company raising money from shareholders. These rules are more onerous on a public company than a private company, but equally the law is littered with lots of case law around ‘raising money under false pretences’.

Is it a fair question to wonder /ask whether or not Tlou management has unintentionally landed itself in this minefield ….. And frankly the words used in the MD report highlighted at the start of this thread were ill-advised or worse !!

NP - how do you interpret the comment then ?

Clearly then you don’t understand the significance or subtlety of the comment.

I can’t help you with your own lack of business awareness or intelligence. But maybe a 2.4 pence share price should give you a big clue.

IMHO, the entire report can be distilled down to this short paragraph:

“The company’s 10MW PPA with BPC is well advanced at the time of writing. Tlou has decided to proceed with the construction of the grid connection once the 10MW PPA is signed, and the balance of the funds required for this process are secured. “

Classic !!

Dear shareholder, please be advised the mgmt of your company has decided to build the necessary power project infrastructure BUT we will only do this first when we are awarded an actual power project contract and second when we have secured the necessary funding that will allow us to execute on our power project plan.

This is written in the Managing Directors report FFS - unbelievable !!

Now below 2.5 pence. Not exactly a raging endorsement for multiple routes to market, eh. Made me think of a few comments made a while back.

“Now Donks, are you sticking with 2.25p for the end of August? Currently anybody following your advice has already missed out on 60+% profit…”

“Lets not forget your insipid little projection, Donks you tool”

“Of some significance has to be that the company’s COO and drilling guru, Danny Horne, has been able to travel from Australia … and operations are restarting”

“Tony Gilby very upbeat on Proactive”

“I’ve had a rethink. 12p by the end of August, having tested 15+p. I’ll go with 8p+ by the end of August"

Well Morris? Multiple routes to market and 12-15p by …..
I guess there is a quarter end ahead soon so they will need to get some sort of story ready for us all again. Danny in the Bush progress, Syngen progress towards raising funds and IPO (Tlou’s quarterly progress is now waiting on a 3rd party partner to raise money to work with Tlou - brilliant); 3 more months of Smith buying shares to retain his frequent trader status (yeah that has a chance of being included); PPA is tantalisingly close (still); relations with Govt and Ministry were further advanced during the quarter; Miner had to eat his shorts due to over-optimism (yet again); Twitterati on Tlou are bickering amongst themselves as reality sets in; ….

Feel free to add your own favourites chumps.