Member Info for mrmoagi

I still await your solution whereby TLOU could have taken on funding a few years back. and would now be repaying the agreed installments with nothing being earned. I have had an Open mind waiting for that for many weeks

Mate, you negotiate terms where Interest is capitalised for the first often up to 2 years (whilst construction is underway), less common is 3 years…. But to get a Lender to agree to that, they need to see the Lendee has future cash flow. Which obviously Tlou doesn’t; and neither does it appear that close to yet (after how many years now..) and the only way to satisfy future cash flows is to sign a meaningful PPA …. Which again Tlou hasn’t done yet.
What breaks the circle ? A bankable PPA. If you don’t believe me, call up Uncle Tony and put it to him ….

PS the definition of an open mind is most definitely not only hearing/ reading what it is that you want to hear / read…. I suggest you allow your mind to open up and consider options, alternatives, outcomes different to …..

Bye bye then. Do everyone a huge favour.

My idea of someone with an Open mind is not someone who:
Thinks that the PPA is not relevant to progressing an aspiring Energy provider in a country which has no track record of supplying electricity from a new feedstock;
Thinks that there is no issue with due diligence having been conducted by multiple parties over recent years and adopts the position that Management don’t want to commit to any debt facilities as they have no immediate means of making coupon (initially) repayment;
Sees a very long list of things To Do and thinks that, as an exploration company (who are all typically constrained for cash) it is ok and sensible to keep adding to the list of To Do’s. It isn’t, or rather it might be up to a point, which was passed a long time ago here;
Concludes most of the time that he totally trusts the CEO to make things right in the end, when he probably has only ever seen the guy over internet ie never met him in person and frankly know nothing about him;
Repeatedly posts that he filters another poster for whatever reason (basically it seems to me he cannot take criticism of his own ‘open’ points of view); and
Regularly unfilters whomever he has put on filter - reengages in conversation and expects us to think he can be taken seriously;

Basically if these are behavioural and opinion traits that describe an Open and Engaging mind, then sorry to say I disagree. Naive is the word that springs to my mind.

As for myself being described as Obsessive - well, again Mr Open mind misses the crux of my posts and opinions. Most certainly I am not cost parsimonious, in fact I am the total opposite. Quality energy projects will get funding from somewhere; Tlou has been telling us how terrific their quality has been for years - it still isn’t funded. Mgmt haven’t gotten the project they sold the Vision about many years ago to come to fruition, and rather than explain Why, all they do is continue with their spin doctors spinning the story. That works ….. until it has been heard too often and then it doesn’t work. We might not be that far away from that outcome - I sincerely hope not, but it is as plain as day or night to me that is what is hurtling in our direction here.
Not more BS about a Hydrogen opportunity in a country that has Govt Policy of pursuing a self-reliance approach. This aspect of Govt Policy on power generation is so totally not understood by you and others here - it’s about time you woke up to it, and what it means and how it will be enacted ahead.

How long will that take?
How much will that cost?
How many shares will be issued?
How much debt taken on?
When will first significant revenues flow?
When will the business be profitable?
Will the stock market be kind enough to them to value the business case on a forward multiple, or has the market been bitten once too often?

Smith - nobody, not even me, is questioning the wonderful statements of intent we have read (repeatedly) over the years. Nor am I disagreeing that looking at solar and hydrogen is the wrong thing to do. But please, Management please realise your shareholders are not stupid. Realise you have spun us a story for too many years now. Realise we don’t want to read about what you plan to spend our money on when we would much prefer to read you actually spent it on the things you said when you tapped us for to get our money.

That you want to keep defending is admirable and sweet. It is also misguided and naive and frankly stupid.

The overwhelming body of evidence here indicates the purpose of the March 2021 equity raise was to get funds to start the construction of the transmission line. It was said that all approvals had been obtained and tenders from contractors reviewed and choice made.

That was then; since then further comments made say to the contrary. All being well the quarterly next week will clarify intentions and progress.

Comments made in RNS for March 2021 equity raise for construction of transmission line.

1st March 2021 - Funding discussions have progressed with a key funding partner, and 10MW tender consultations have commenced;

16th March 2021 - Tlou announces £2.6m accelerated bookbuild equity placement. Net proceeds will mainly be applied towards ‘construction of a 66kV transmission line from Lesedi to … Serowe’ and ‘field operating costs and ancillary equipment’.
The company plans to commence work asap on transmission line following award of tenders for construction of …..
Funds will also be used to cover working capital requirements including general and administrative costs across the company’s 3 stock exchange listings’.
As with any budget, the allocation of funds set out above may change depending on ….. In light of this, the Board reserves the right to alter the way the funds are applied.

The Hydrogen Hub in Botswana is a very early stage development for Pure Hydrogen (fka Strata-X) and, by default, also Tlou. Anyone saying to the contrary is blowing Blue Hydrogen out their exhaust pipe. Listen to the interview in the Pure Hydrogen thread. Their CEO himself talks more about their Aussie projects which are in an established gas region with Botswana being more of a footnote than core strategy.
He also says of Hydrogen - “we’re at the very beginning of an industry which is really in its infancy and so, it’s quite exciting for investors, it’s quite exciting for us as well.”
Problem with that - Tlou isn’t considered any more a company in its infancy, is it !! Listed on 3 exchanges and bouncing around with an ever-changing strategy.
So there we have it - the more MM and clones draw attention to Hydrogen, the more the noise tightens all round. Covid getting worse in-country; no word of PPA or funding; cash dripping out month by month on directors salaries (what are they actually doing); money raised under the pretence of transmission line construction (will shareholders consider some form of action!)…

Basically it’s a shambles again !

Headlines from Sunday papers:
Batswana are 7 times more likely to catch C-19 virus today than compared to 3 weeks ago;
Vaccine rollout speed slowed by more than 50% in 3 weeks;
Ministry of Health announcement that there is a shortage of AZ vaccine with 15,000 residents having to wait longer than the anticipated 12 weeks;
We must brace ourselves for the imminent shortage of basic necessities such as food and fuel, occasioned by the disruptions of the supply chain in the region. Our National principle of Self-reliance has become more urgent than ever before. I want to implore you Batswana to rise to the occasion and enhance food security in Botswana - said President Masisi;
By time if going to press, 173,512 residents had received their first dose while 111,164 people were fully vaccinated. Our plan is to have vaccinated every eligible Motswana by the end of 2022 (yes 2022, not 2021);

Quarterly update at end of next week. Will it give us anything to cheer about….

Comments from his interview:
I think we’ve got 3 very good gas projects, but it’s fair to say that gas is not as exciting to potential investors as Hydrogen.

Talks mainly about the Aussie gas projects, and our strategy at the moment is to develop it up to get some sort of upgrade on reserves. One of the attractions with Strata-X is Ron was Exec Director at Arrow Energy and they had enormous success developing coal seam gas reserves.

Botswana, we have a JV with Botsgas, a private company funded by people originally out of SA and they are keen to build a large gas portfolio within that country. You’re paying $10 a gigajoule for gas and you’d appreciate that’s significantly higher than Australia.

There is another Australian company there that is trying to develop gas in the similar sort of zone and there’s a power station that’s very hungry for gas, so it’s quite an interesting project.

Really worth listening to his interview !

https://www.eurekareport.com.au/investment-news/pure-hydrogen-raises-94-million-to-capture-hydrogen-demand/149713

MM mentioned about Hydrogen Hub progressing for Tlou. Have a listen to this conversation - finally an interviewor that puts a bit of pressure on the CEO.

This might keep BS busy with more BS over the weekend…

https://africa-energy-portal.org/news/wave-big-african-solar-set-break?ct=t%28Africa+Energy+Weekly+-+AEP_COPY_368%29

The continental industry grouping noted the floodgates may finally be opening for clean power in Botswana after state-owned electric utility the Botswana Power Corporation licenced local developer Shumba Energy to develop 100 MW of solar as the nation's first independent power producer. AFSIA said the move had followed years of disappointment for solar developers who had expressed interest in annual 100 MW clean power tenders which were never followed up. The Southern African nation also introduced a net metering and feed-in tariff program late last year which will allow for 8 MW of commercial and industrial (C&I) and 2 MW of household solar in its first year.

Through better use of this resource, natural gas will play a pivotal role not only in supporting Angola’s effort to increase access to electricity, but also in accelerating industrialisation and the transition to cleaner energy sources.

Creating a petrochemical industry

It is the government’s hope that this is only a first step to many more partnerships and a petrochemical industry.

(First message truncated)

In response to the growing chorus around energy transition, and how this will affect the oil and gas industry in Angola, the Ministry of Mineral Resources and Petroleum, headed by Diamantino Pedro Azevedo and other major stakeholders in Angola like the National Oil, Gas and Biofuel’s Agency (ANPG) and SONANGOL are all actively exploring ways of adapting their operations to reflect the new normal.

Efforts are being made to encourage more efficient operations that will lead to a reduction in the carbon footprint of operators, lead to less waste, and increase the commercial use of associated gas. The latter is likely to increase significantly in importance as a major transition fuel over the next 20-30 years.

Natural gas acts as a key intermediary in the energy transition, releasing fewer emissions than coal and petroleum products, while being able to reliably supply energy to enable production at scale and offset the inherent intermittence of renewables.

The Ministry of Mineral Resources and Petroleum is currently leading an ambitious effort to monetise gas reserves by attracting investments into downstream infrastructure and gas-fired power generation projects.

The establishment of the New Gas Consortium that represents Angola’s first major natural gas partnership, brings together Eni, BP, Chevron, Total and state-owned Sonangol.

Through better use of this resource, natural gas will play a pivotal role not only in supporting Angola’s effort to increase access to electricity, but also in accelerating industrials.

https://africa-energy-portal.org/news/african-development-bank-groups-6-million-grant-kicks-desert-power-west-africa-regional-energy-program?ct=t%28Africa+Energy+Weekly+-+AEP_COPY_368%29

Only relevant to Tlou in that they want 10MW of solar to prove their concept in Botswana, whereas elsewhere the WAPP further north are planning 10,000MW (ie 10GW) solar power generation across 5 countries.

I appreciate that Botswana’s ambition is to basically go it alone as best they can, given the political dynamic they have allowed to manifest with Import dependence from S Africa. But it simply shows too small ambition and is going to take just too long.

Maybe TG called things right by going small scale. Hmmm I need to think about that a bit more.

I see decent volume on AIM today. Suggests to me the market makers are getting stock on board ahead of the quarterly update ….

The 64 million dollar remains - is the PPA going to come to the rescue in the next 10 days. If not, then what ……

Are you pair father and son by any chance? Hard to imagine 2 people not of the same gene pool talking so much Blue Hydrogen.

Always enjoy it when you turn your attention on me MM. It confirms to me anyways that nothing much is happening at Tlou. Once that changes, we all know you will start getting more chirpy chirpy tweet tweet again.

Pray tell how it is significant stuff MM, as the rest of us are not as clued in as your good self. And presumably it is significant somehow or other to Tlou? Will that help them with more plans or might it translate into action and activity on the ground.

Starting the PR campaign just ahead of the quarterly update then …..

How long is it going to take the world to decarbonise? Remember Govt of Botswana wants to sell coal to the Chinese. Is Tlou destined to be the only company that woos investors through fancy sounding plans? Has Tlou management forgotten that revenues and cash flows are what generate investment returns, not presentations and tweets?

7775 miles …..?????

Shumba has a generation licence - does Tlou?

Shumba is in the late stages of developing phase 1, 50MW - Tlou’s is still in desktop design.

Smith - try reading and understanding before blethering here.