Member Info for myfirstmillion

Chart is indicating that this is now a good area / time to buy. We should see higher prices by the end of the week.

https://twitter.com/staunovo/status/1378682397768744962?s=19

It's still on stay tuned.

smiller there is a plan in place and it has been stated you only have to read the rns'es and listen to his interviews.

I'm very relaxed about my holding here, confident that I'll make money. If you're stressing then you're either in the wrong investment or your position size is too large.

https://twitter.com/Lazerblue/status/1377670306303778817?s=19

I'm voting this bb top for acronym usage. I pity any new investors joining us now they have next to no chance of deciphering most posts on here lol

Good news today on the environmental approval for Boomslang however it will need money spent on it at some point as others have said. Still progress is progress and it's a beautiful sunny day.

Some sites show mid price whilst some sites show last price traded.

I think Brad has committed the cardinal sin of falling in love with a stock or maybe the CEO ;)

It's fine to have full confidence in a stock but the moment you fall in love with it all rational thought processes are suspended as in 'love is blind'.

I know this is your last chance saloon Brad as your other stocks have withered but just because it's your last chance doesn't mean that you shouldn't critically analyse the company and the decisions it makes. In fact, as it's your last meaningful amount of money you should be even more careful and ask the difficult questions when they need asking. If this does go belly up TG and all those other directors will still be fine, will you?

This is meant as genuine advice, please don't take it as a personal attack or 'venomous' towards the company. I'm more optimistic now we have raised money for the transmission line than I have been for a long time but I won't let that stop me from asking the tough questions and criticising the company if I feel they deserve it.

Staying detached when investing isn't easy especially when you're in a stock for years but it's absolutely crucial if you want to survive to fight another day.

I believe shareholder pressure could have played a small role. If you have enough people emailing you regularly and speaking out on public forums such as this it probably does put you under some pressure to get some results and rightly too!

I'm thinking of going ahead and getting private funding via the latest placement. That is something some shareholders called for. If you can't get the BPC or whoever to fund this then try an alternative route we said and they did. Was that because of shareholder pressure? I have no idea but it certainly didn't hurt. Now we have some funding and can get on with things. If you had your way Brad we'd still be sitting twiddling our thumbs!

Brad you constantly sticking up for TG like an obedient puppy does no one any favours. He's a successful business man in a cutthroat environment I'm sure he has more than a thick enough skin to take a bit of criticism from a few disgruntled retail investors now and again.

TG runs this company on behalf of the shareholders, me, you and everyone on this bb and thousands more. Without shareholders there is no company, don't forget that.

You apportion no blame for any decisions made by the company and no blame for the ridiculously long time this project has taken to get to the current stage whatever that may be.

If everyone were like you they (the directors) would assume everyone was happy and everything was hunky dory. There would be no real incentive to do much of anything in any great hurry as they would still be drawing a nice salary. It is only through shareholder pressure that we can exert some small degree of influence over management to get a bl**dy move on. You seem to think that is somehow untoward and uncalled for. It's not. Every employee has to answer to their boss and directors of publicly listed companies have to answer to their shareholders. That is the way of the world and rightly so or people would take too much advantage if no one ever questioned their performance. Just some food for thought this sunny weekend :)

https://twitter.com/JavierBlas/status/1375523640658296845?s=19

I think this is why everything has been so delayed Bob we haven't stuffed enough brown envelopes.

Heck the day we can't sell what we're producing I'll be worried. As things stand we have revenue building our cash pile every day. Join us you know you want to ;)

I can't see the Orapa tender going to more than one company personally but I could be wrong.

https://twitter.com/METhompson72/status/1374469888928968715?s=20

Good find Thornback! Very interesting...

OB you asked "We know that Tlou bid a lower tariff than Kalahari's tariff from the public announcements that I could find. I find that quite weird as one would expect economies of scale for a 97MW plant vs. a 2MW to 10MW plant but do we actually know what the tariffs are that was bid?"

I don’t know is the simple answer however I can have a guess. To my mind TLOU are way ahead in terms of wells drilled, licences acquired, agreements in place and land area procured. Getting to the same stage for Sekaname will take considerable time and considerable expense especially as they are proposing a much larger 97 MW operation. For that they proposed I believe a higher capacity transmission line, would need much larger infrastructure all round.

Economies of scale only kick in when you're up and running to get to that point Sekaname will have to spend a small fortune. The route TG is taking makes sense to me I've only ever had issues with the time taken for the project overall and for the time taken to secure serious funding so we can move our end forward as fast as possible.

I don’t know how educated I am harvestmoon but I'm fairly sure this company is heading for mid cap status eventually. It would obviously be silly to try and give that a timeline but the board are very ambitious and eager to replicate what they did with Tullow. So far they've gone about things the right way.

The expediency that they get to mid cap status largely depends on Jamaica in my opinion. If we get a good partner(s) and then strike it lucky on the first well you can pretty much retire on this if you have a decent holding.

What are the chances of getting a partner? I'm far more optimistic this year than I was last year went oil briefly fell into negative territory. Current estimates see oil around $75-$80 by mid year with $90 - $100 possible by year end. Those kinds of prices will make getting a partner easier. A strong cash balance should mean we can negotiate a more favourable deal. If we get to that stage I expect us to be well above where we are now.

Either way with 30 plus targets in Egypt we look a certainty to do very well over the next few year's. This is my largest holding in monetary terms for a reason. It feels safe. I don't feel like I have to watch the shareprice constantly and thanks to the deal the team did with our Egyptian asset we don't need to fear dilution, unless of course it's for something exceptional and I fully trust this team to make that distinction.

The significance of the tweet besides the contents is the timing. After I first posted on here today about funding just gone 3pm. That video link was then tweeted at I think 4.15pm. So the company is basically saying that the funding partner does have the rest of phase 2 covered. At least that's how I'm interpreting it.

Well someone from the company reading these boards I would imagine...

https://twitter.com/TlouEnergy/status/1374031468377309193?s=09