Member Info for mrmoagi

I guess the Gas to Power strategy no longer matters then.

TB. I will again be shot down for saying this, but it was an Asset Manager that decided to invest their funds in Tlou. Those funds were part of a fund allocation from BPOPF - who had been told by Govt or Ministry of Finance to allocate some pension fund cash to a small number of local asset management firms. The intention here was to help promote the development of the local asset management industry. I think it was 5 firms that received funds to invest. That initiative was an unmitigated disaster - a couple of the firms have since been fired (suspected corruption and mismanagement of funds). I am not able to comment on the status of the Manager who invested in Tlou; nor whether BPOPF view the investment of their funds in Tlou as positively as Tony will try to convince us.

This long delay on PPA and funding is only doing one thing for me now - reinforcing that there was only ever 1 real strategy being pursued by Tlou. The 100MW gas to power tender and subsequent PPA therefrom. Everything else we have been spun over the years is just fluff, that too many of us swallowed hook line and sinker at the time. I am angry about that !!

https://m.miningweekly.com/article/botswana-copper-miner-khoemacau-giving-attention-to-esg-silver-lining-2021-09-07

This mine is proof that Botswana was open for business during Covid, as the mine has been under construction for past 3 years. It is a flagship project for Govt of Botswana, showing that lessening the dependence on diamonds is possible.
They are talking about commissioning their own 45MW solar power generation plant. And the 400kV transmission line was built with Khoemacau and other mines in the centre and north and north west of Bots in mind.
Isn’t it wonderful what you can achieve with access to funding, a great business plan, a great management team, commitment from your partners, …. all the things Tlou basically tell us they have in their RNS. But not the same outcomes sadly. Yet (I should graciously add).

https://www.mmegi.bw/business/bpopf-tweaks-investment-strategy-in-search-of-higher-returns/news

Interesting article on BPOPF wanting to invest in local infrastructure, including power stations. Does that bring Tlou into consideration? If it does, then what about Sekaname and their 97MW power station plans?

Whizz - it is pointless.

Couldn’t agree more Whizz. And a company that has struggled in the way Tlou has these past few years, basically hoping to secure a contract for their gas, would come out and clear up the confusion around why things are taking so much longer than envisaged.
But not Tlou management. They just bounce around from potential to potential, seemingly hoping that something will come along and save them.
Hydrogen is a great example in point. Sure Hydrogen has bags of potential; look at the ASX listed Hydrogen and they have all done well price wise recently. But there is market infrastructure in Oz; there is none in Botswana, so trying to sell that story to shareholders …. Well they must think we are all pretty dumb.
Some clear, open and honest shareholder Comms surely isn’t an unreasonable ask, eh Tony?!
Smith says you read the message boards; so you know what to do …

Morris - how did the share price sink back into the 2 pence level and how many ways are there to get it up to 12 pence level?
You clearly have a view on everything about Tlou and it’s strategy and plans - but what we want to know is when will any of their, and your, optimism shine through and be reflected in the share price.
I suspect even you are getting well fed up with just talking about the great opportunities here ….

Don’t forget the stock exchange listing and compliance fees.

He won’t reply Whizz. Isn’t prepared to take responsibility for his promo efforts when they don’t pan out.

Only problem with the argument here that I can see - has sufficient gas flow been proven ‘beyond a reasonable doubt’.

Not wishing to be a killjoy; just asking the fairly obvious question.

Orapa plant was built 10 or so years ago, from memory with 2 x 45MW turbines. Whatever turbine technology was used, this was well before emergence of Hydrogen as a fuel source. So maybe Hydrogen can be used, and maybe it cannot.

I would be reasonably confident the terms of the tender specified the gas composition or type (sorry I don’t know technical terms - I just know gas feedstock will be technical specs). Long story short, I doubt Hydrogen is a factor in the current Orapa 90MW tender - maybe in time, when there is proof of security of Hydrogen feedstock supply, it will become a source. But highly unlikely for now.

Don’t forget the compressed gas, liquified gas, ammonia and fertiliser opportunities we were all starry-eyed about 5 or 10 years ago.

I would be happy if sometime reasonably soon they would commercialise just one revenue stream! Rather than listening and reading about them from both the company and Smith.

Isn’t it about time our loyalty was starting to be repaid or rewarded ……

Are you sure you didn’t hit your head as well….

For those of you that appreciate local progress information:
Politics between Pres Masisi and Ex-Pres Khama very front and centre, as Khama is piling on pressure onto current Govt and his successor;
Covid cases rising, vaccines trickling into the country, roll-out is slow, rumours of tender corruption in procurement of PPE in first part of the pandemic;
Ministry of Finance has reported to Parliament that current year Budget deficit has been revised upwards, requested to delay spend on various sectors to help minimise cash flows - I posted newspaper link on this last week;
BPC reporting almost daily of power interruptions, and they also requested 5% tariff rise to BERA which has not gone down well with locals (as usual);
The share price of various AIM and TSX copper, nickel, iron ore metals exploration companies are all drifting lower, same for diamond players;
News awaited on outcome of 6 month due diligence into the restart of Sileni-Phikwe mine and community - there will be more crying from locals if some positive news on this isn’t reported soon;

Basically it all seems a grind there at present, and with only Sept and October months ahead, based on previous years slowness, it is starting to seem that nothing much yet again is going to be achieved in the calendar year. That being the case, come back March as. I thing happens January, folk sharpen their pencils in February and maybe start working as March approaches …

Don’t shoot the messenger; it’s just the way things are there !! Painfully slow.

Indeed Happy. But mine is with a company and it’s officials who are lazy, disingenuous or ridiculously optimistic in their reporting. Maybe if you realised I wasn’t the enemy here, you might actually start seeing things …. the way they should be seen.
You grudgingly know I am right as well …

Obsession - “ an idea or thought that continually preoccupies or intrudes on a person's mind”

Morris just tomoro left man. Originally 8p prediction, followed by a rethink to 12–15 pence.
So are we in for a stellar day tomoro ????

https://m.miningweekly.com/article/zulti-south-project-delay-is-already-having-negative-impact-rbm-2021-08-29/rep_id:3861

Big supply of product up the coast - not easy or cost effective to stop start furnaces.

So … I am no longer on filter Smith. A surprise to absolutely nobody that has the stamina or masochistic endeavour to choke on their coffee as you (and I) endeavour to keep score.
I wonder what the ‘scores on the door’ are saying

Today the 26th August 2021, The Minister of Mineral Resources, Green Technology and Energy Security, Mr Lefoko Moagi virtually launched Renewables Readiness Assessment (RRA) Report for Botswana.

The RRA is a tool that undertakes an in-depth assessment of Botswana's energy sector readiness for renewable energy and develop a comprehensive action plan for Botswana to achieve renewable energy targets.

The virtual launch gathered participants from government institutions, utilities, developers, & innovators from the private sector, financial institutions, development partners, non-governmental organizations and academia.

To read the full report click here.
https://www.irena.org/publications/2021/Aug/Renewables-Readiness-Assessment-Botswana