Member Info for mrmoagi

Dream on about this tender / contract being awarded in July. My expectation is the May submission date will more than likely be extended to something like July / August. I base that entirely on the timing fiasco on the 100MW tender back in 2017/18. Hope I am proved completely wrong - but I am happy to bet big money against May submission being adhered to.

SPINB
BIOTA
BLTB
PSPRB

Try these. Hint - they have nothing to do with Botswana.

As I suspected - you are just noise and negativity. You are probability not a millennial but heck you sure behave like one - expecting gratification just because you invested and since it didn’t work out as you had hoped/ planned, time to abuse anyone and everyone. Yawn!

Thanks for your contribution. Why don’t you put us all right then......

The webinar was excellent. Informs us that whilst EA / EIS has progressed satisfactorily (some more to do), progress on product trials (CAT) has been delayed due to covid pressures at customer end, plus they had issues with sizing of product delivered. The share price needs a firm and sizable Offtake from cement companies for the pozzolan and also for perlite. With that, they can then get serious with project lenders to secure necessary financing.
Interesting they mentioned Utah (similar mill delivered there - to who?) and Reno (rail head). These are large distances apart, maybe something UK punters don’t fully appreciate - adds complexity and cost to their planned operations.
Seems to me good progress for 2021 would be to secure a couple of Offtakes, and then go and negotiate financing package. Based on what he says in webinar, I personally don’t see that being achieved on an earlier timeframe (or rather the risk on this is that it will take well into 2022 to secure).
I don’t see a reason to get fully locked and loaded just yet here; equally at around 0.25p, if you like the story then you would be silly to ignore a bargain base entry level. All imo.

Part of your post Dubliner is unnecessary.

Well let us explore how we respectively view any discussions with a CRMC player.
Who has the balance sheet?
Who is trying to be added to the list of preferred suppliers of the other party?
Who has the cash and who (basically) doesn’t?
Who is doing the pitching and who is listening?

Somebody, somewhere in the USA is leading the charge to convince the CRMC companies that pozzolan is natural replacement to fly ash, by being either environmentally more friendly, cheaper, greener option, better product, available in large quantity, at competitive prices, with supply chain logistics risk understand and manageable, .....

Is that company Sunrise? Are they at the forefront of driving Customer Acceptance Testing, are they first mover or followers, is their deposit large or small compared to potential competitors, are they the closest to market or just quite near or (worse) farther away.....
How many of these questions are being answered on this message board, or are posters just talking in generalities in the hope of hustling up the share price so a bunch of sharp operators can make a few quid from time to time.
These message boards are as bad as the bullS political debates being played out currently every day as news headlines. And basically those with a loud voice try to make their agenda the critical issue.
Let’s get back to common sense, well understood business principles rather than promoters and manipulators..... please.

Absolutely agree - no rocket science in this. My point was those here talking about selling the deposit to cement majors may well be disappointed since that nearer term capital gain would be unlikely. Many are talking this stock up on the basis such a sale is an inevitability.

What if the large cement customers say they will agree an Offtake but SR has to supply the product to the cement plant(s) gate. That puts production and supply onus on Sunrise, with Capex etc. Meaning they have to become part of the supply chain world.
Not necessarily a bad thing; just that the much talked about (on this board) ‘sell the project’ doesn’t materialise and we are all left holding for another 1-2 years before we see revenues, cash flows and (after that) profits and dividends.
This approach doesn’t seem to get much air time on this board.

Personally I think it is idiotic to think that if the ISIS insurgency continues to escalate that Kenmare will not be affected in some form or other. But thankfully there is a lot of territory in between before those particular Barbarians are at the gate.

If the gas in a particular coal seam was so good, why would a company that is cash constrained start testing gas in a different seam first? Surely you would look for the easy win to reassure trusted partners that the fairway extends far and wide.

The RNS is pretty much more of the same old, same old news. Sure, I can see all the extremely positive opportunities available here but phrased such as ‘could be’ and ‘subject to funding’ are the chief caveats still.
Boomslang - they have an exploration licence over this area so guess what they need to start doing, otherwise they risk the licence lapsing. But probably it took longer for the EIA to be issued that normal due to covid. But now they have this, they will need to spend money there.
Money - £2.5m quid to pay for starting the 100km transmission line (not finishing it note), Boomslang exploration (they spent $2m on seismic back in 2018 remember), tender preparation costs associated with Orapa 90MW submission, cost associated with their 10MW PPA negotiation, and monthly salaries...
So I would venture this first $10m project finance tranche is fairly critical to sustaining the progress they hope to achieve in this RNS.
And by way share price dipped today, that suggests someone isn’t entirely convinced yet. Hope they are not a big holder....
PS Govt discussing a further 6month extension of the State of Emergency so life for sure isn’t getting back to old normal there in next few weeks.

Here here !!

When will some of you guys realise you do not raise project funding until you have a confirmed and contractual project. That is how project financing works - so Whizz they maybe told us they were in process of knocking on doors to raise finance but what they probably didn’t tell us was all those so far asked may have said was come back and talk when you have a confirmed PPA to show us.
In the meantime, and to try to shorten critical path delays ie the transmission line, they have had to resort to issuing equity to keep pushing that forward.
It really isn’t all that difficult to fathom. But if your starting point is The Board have done nothing but dilute us in order to pay their own salaries, then really your objectivity is all back to front.
PPAs are coming; project finance will follow from that; good news will increasingly pick up as a result.
The question is how many months salary need to be paid before this momentum gets well underway ...

Am curious Justine - you say we don’t have long to wait here. How do you see things playing out ahead and what do you think is a reasonable expectation where share price might reach in the reasonably near term - 1p, 2.5p, 5p, or higher??

Some mentioned in previous recent posts that the company would be sold - I believe that to be fanciful. Instead, given they have so many different ‘plays’ in various different geographical jurisdictions, any asset / project / exploration licence that lights up will surely be sole to raise cash to allow Mgmt to continue to pursue living the dream ...

1investor - appreciate your detail. One thought I have - iron ore is perhaps the most moved commodity moved from deposit to market (for upgrade) globally with transport cost/ logistics an important metric in project FID.

One question you might have a view on - who else are players in the natural pozzolan space, especially in the mid and west market place? Do you happen to know where other major deposits are located ?? Thanks.

Please filter me - then I don’t have to read your thoughts on my posts. Don’t worry, I can cope without your critique and constructive criticism. You will save me and many other posters here a lot of time. Thanks.

So not giving it a rest then.

The board has been useless for past 2-3 years because Tlou has been unable to make the desired progress. And all the while, BradSmith has posted utter irrelevance both on Tlou and in his personal life. Some posters have asked him to cease with the personal stuff, only for 1 or 2 to say they enjoy his ramblings which he takes as green light to carry on.

So Tback, bring some much needed honesty to this board and maybe it’s content will improve. Tlou appears to be coming out of the doldrums, which myself and others have sensed and said. Will certain long termers here allow 2-way debate on Tlou rather than reverting to endless criticisms of other posters. The board is to talk and exchange views on Tlou - some maturity of intelligence is required.

The lack of comment is because you have communicated your views on the amounts repeatedly. All the rest of us can do is wait until the PPA negotiations are concluded and Tlou and presumably Kalahari announce what their outcome is.
Anybody that knows anything about IPPs and PPAs would know a near final PPA contract can be shown to project financiers (assuming finance is required to deliver the MW expected of the IPP).
As for Mr Smith, he is on repeat mode, has been on repeat mode for several years and I know I was initially excited when he said he was Giving it a rest. I should have known better; so should he actually.
Remember everyone - you heard it from Mr Smith that Tlou will get 10MW and over time likely the full 100MW. And Kalahari are only being entertained in this process for appearances sake.
And if you believe that, then sadly you are going to be in the majority of active posters on this board that will likely be disappointed and surprised as and when ‘the bells toll’.
Closing the week at 3.5p. Must admit I didn’t expect that outcome this week given the news flow.