Member Info for mrmoagi

Shumba Energy owns a world class 100MW solar project near Francistown and is currently in the late stage of developing Phase 1, a 50MW solar farm on a project site of 300 hectares. The project is part of a two-phase program to develop a full 100mw solar capacity at the site as a key strategic initiative in the region.

Well these guys can string a sentence or two just as good as TG and team. The proof, as always in Africa, is making progress towards commercialisation - something Tlou frankly have been dreadful at.

https://www.engineeringnews.co.za/article/unpacking-opportunities-in-africas-gas-sector-2021-02-19

So reads as good news that gas is set to be in the southern africa energy mix for many years ahead.

You always have an answer Mr Smith. I genuinely fear for you if Tlou execution does not match up to their articulation. Please step carefully; Botswana is not for the uninformed or uninitiated.

https://www.mmegi.bw/index.php?aid=88768&dir=2021/february/16

Getting the necessary approvals to proceed with their strategy.

It is completely and utterly laughable that folks here think Tlou are negotiating to supply power to anyone like Debswana or other private concern. The national grid is owned by BPC /Govt and in order to supply power you first need to be connected to the grid. Tlou has not even started building their transmission line - why? Because they don’t have the funding necessary to generate their power and deliver it to the grid. Yes, they have the interim 2mw PPA with BPC, but no funding confirmed as yet. And I am pretty sure TG would let us all know pdq if funding was secured.
If the funding isn’t secured, then that suggests to me the providers are not satisfied with just the 2mw PPA with BPC, and that they require more commercial Offtake ie the outcome of the 100mw PPA to be negotiated with Ministry by AfDB/ALSF. Now if it is taking them this long to start negotiating this tender, I can only but imagine how long they will drag out the actual PPA negotiation process.
And after that is all negotiated and agreed, then the lenders will want to ensure it is commercially robust enough for them before committing funds. Another merry ding dong between interested parties.
And then, with funding, they can start delivering on CBM extraction, power generation equipment, and construction of the 100km ‘poles and wires’. That won’t be done in a couple of weeks imo. But happy to be proved wrong and that once focussed, the good folks of Botswana can execute on construction risk at record speed. But forgive if I won’t be holding my breath.
Why is TG not give interview? Maybe it is because there is nothing new to say at present. And therefore this RNS on carbon sequestration is designed to fill in the gap. Mind the Gap; I wonder how ling this will be on auto-repeat for.
Tlou and CBM and Botswana - it’s all one great big yawn!!
Oh by the way, all the current action in Bots has to do with Cooper and Nickel, with iron ore and rare earths starting to get some attention.

Suggesting that they are going to be purchasing more land shows how little you actually know about anything relevant to Tlou.
But still, I agree - sack the board. They are useless and incompetent.

Wrong. Mr Smith firmly believes Mr Gilby doesn’t want to rush getting funding as that would mean paying unnecessary interest and then capital repayments. By that logic, he isn’t expecting real meaningful work in the field to begin for some time yet. I wonder - what does an exploration company need in order to keep spending in the field... And what is the one main thing exploration companies run out of? And why do they run out of it?
Indeed - no point getting cash in too soon. Better actually they spend all shareholders latest equity round, be down to the bare bones, then come to market showing they have done a good job spending shareholders cash wisely and slowly. And say, we are only coming back to the market as we think it is better to have no debt and all equity funding. Yup, I am pretty sure that is the way Tlou management are thinking.

Mr Smith. Nobody argues with you.

Gosh Mr Smith, ending you post something worthy. So why did clever Tony drill 2 vertical wells in the lower and seemingly thinner seam? When there was a seam seemingly near twice the thickness above.
And, in case you forgot, Sekaname sold their leases to Saber, who went bust and sold them to Tony - who reasonably soon thereafter started claiming the seams were the most prospective for coal seam gas he has ever seen.
Did you ever stop and wonder if Sekaname sold leases to someone, who subsequently claims what they bought are the best they ever saw, how good might the remaining Sekaname leases be ?
But of course you won’t see it this way for the simple reason you (and others) made up your minds 3+ years back that Tlou are the most advanced gas exploration company in Southern Africa. And further that Tony said he was happy to throw ‘the dog a bone’ if Sekaname ever got any award from the 100mw RFP.
And bu**er me, both Tlou and Sekaname bigot awarded the exact same Preferred Bidder status in 2019, some 2 years later. And both presumably will be negotiating their PPA with Govt/Ministry /ALSF for their Preferred Bidder awards (one for 2 to 10MW and the other for 97MW).
Pretty large bone Tony you chucked them!

https://www.bigmarker.com/hyve/Opening-Presidential-Address-Reigniting-Southern-Africa-s-Economies-with-New-Opportunities?show_live_page=true

See if the link works.

How many more shares would you own had you bought below 2p compared to averaging down? Still hindsight is is an easy lense to apply. Seems though this Donk character has been on the money pretty much.

Is pointless My1st. Anyone with a business strategy not to sign up financing; is worried that others will copy; that thinks solar is a distraction; tells everyone how his ISA is doing; posts endlessly about the spread on a stick when volume traded is minuscule; ignores the importance of flow rates and gas composition; ...........
Another saying, which you posted previously comes to mind - arguing with a fool and no-one wins.

Mr Smith, please let me k ow what you are drinking or smoking as I would like some for myself.

Hopefully you will share further details of your concerns.

Does anyone know who the company’s competitors are for supply of perlite and pozzolan? Are they listed or private companies?

Only problem is the speech was by Ramaphosa, Pres of S Africa. Remarkable how they have exact same issues - and how they are both moving snail like to fix. Still I personally am encouraged the noise now from Govt enclaves is about action ahead.
Just imagine if we were only now discovering Tlou and its great opportunity ahead. How much wasted time, energy, frustration and money would we all have saved.

Extract from speech:
He described sustainable mining as the key to accelerated industrialisation, innovation, competition and creating employment.

“To ensure we increase the contribution of both mining and energy to meeting our developmental aspirations, we’ve taken significant steps to resolve policy and regulatory issues that investors have identified and raised with us as constraints to greater investment,” he revealed.

He urged mining to continue to strive for greater sustainability, competitiveness and transformation and for mining companies to continue to foster an inclusive approach to all aspects of mining, from ownership to participation in management and also procurement.

“There should be greater inclusion of women and women-owned businesses in all these areas,” he added.

Mining companies should, he said, strive to incorporate and actively implement environmental, social and governance (ESG) standards into all aspects of their business decisions and operations.

Social and labour plans were critical to ensuring that mining communities benefitted from mining activities in their areas so that no one was left behind.

“Industry must step up in their efforts to provide employment, business and training opportunities in the communities in which mining companies operate.

“All these elements are included in the Mining Charter, which was intensively canvassed among industry stakeholders. It is important that our commitment to transformation extends beyond compliance but is understood as creating shared value and prosperity for our people.

“Alongside our transformation imperatives, we continue to drive policy reform in the sector. We want to promote greater exploration and beneficiation in minerals and upstream petroleum activities, especially developing our domestic and regional gas market.

“To grow existing mining activity, we are working with industry to formalise small-scale as well as artisanal mining, revitalise sterile mines and also discovering new minerals, especially those that are critical for the economy of the future.

“Reliable and affordable energy supply is the lifeblood of mining and the catalyst to economic growth and development.

“We have witnessed the adverse impact of high costs and unreliable energy supply on the mining sector. That is why we are intensively engaged in the implementation of our Integrated Resource Plan.

“Through this plan, we are working to broaden our energy mix, enable energy generation for own use and reform and strengthen the capacity of the State power utility.

“We call on all stakeholders in both government and the private sector to work with us in providing energy that increases production in all sectors of the economy, all the while creating job creation, growth and opportunities”.

Realisation of assets is formal accountant speak. It usually means realising working capital assets into cash in the normal course of business. In this case, I assume/suspect you think they plan to sell some of their exploration and projects assets into cash - that should not be taken to = realisation of assets used in its normal sense.

Not yet - apparently they will post the session on miningindaba.com next week.

Diamonds, Copper, Coal and CBM, and concrete where the main mentions. Pretty good overview by Masisi, but it was the usual aspirational stuff mentioned.