Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Regarding your question surrounding MDCB, few thoughts from me. The Orapa Power Station is located within the Debswana Diamond Company Ltd (50% owned by De Beers) Orapa diamond mine fenced leased area. Toby Frears (CEO at MDCB) worked for De Beers for nearly 22 years, the last 4 years and 8 months in Botswana. Tlou have tendered for the supply and delivery of natural gas to the Orapa 90MW power plant.
I know youre a fan of asking questions, so I'll ask you one. Do you think Toby is aware of Tlou ?
Really sorry to hear about Pete, meet him a number of times at SOU events (Gherkin was one I think) and he was always great company. When you hear news like this always brings back into focus what's important in life.
Depends on how much / what type of financing deal they cut with BPOPF, as well as how many MW the new PPA deal is. Saying on that with 10 MW PPA deal and 10 million of financing I'd be surprised if this didn't hit £100 million market cap soon after the announcements. So roughly 5 x current share price.
Couldn't agree more. Whenever I hear the name JP I know it's just a company designed to take PIs money from them and transfer it to him and his mates.
It's the same JP that destroyed so much PI money at all his other Pump and Dumps, like SOU, ECHO, CORO etc.
Nothing says SELL quite as strongly as JP coming onboard. Only person who ever makes money from JP involvement is JP and his mates.
Great find MM. Was very interested to read in the same article in The Patriot it stated that the BPOPF has been "Heavily criticised for prioritising offshore over local investment, the BPOPF is on the road to make good on their promise to develop and diversify the local economy by supporting different sectors and in the process create jobs. The P3 billion allocation for infrastructure recently announced by Malindah will target local opportunities, a first for the Fund."
The fact that the company hasn't issued flow rates shows that whilst they continue to rise, they are fluctuating . Until they sustain commercial rates TLOU will not issue the figures. Additionally, no fund raise is necessary until H2.
With regard to the PPA, once BDC agreement is locked down they will be able to bring pressure to bear on the BG.
Pace is pedestrian here, and totally frustrating for all holders and TLOU, but it's a nascent industry in an African country, so to be expected. Story hasn't changed.
O/T Don't post here a lot, but do skim the BB. Noticed Thelagerkhan and Appiamma on here, felt like the SOU BB from a few years ago. Hope you guys bailed !
Not an expert by any means (I did invest in Echo after all !) but after a few years of O&G investing, answers to your questions are
1. Range Ive heard quoted for success is 7% to 15% for an exploration well. Post seismic, varies well to well; Colter was 58% I think.
2. Yes.
3. Yes - oil / gas can by there but not commercial to extract due to Porosity and / or Permeability issues.
Worth remembering that this isn't an 'either / or' decision, both TLOU and Sekaname can be awarded a tender; if fact, given tlou bidding for up to 10MW, with BG putting 100 MW on the table, I'd expect both parties to be awarded in due course.
Assume you mean 0.1 pence not 1 pence, otherwise company would be worth 5 times its market cap when it delisted.
Hopefully we'll all salvage some cash here, but have to admit the idea of Rob Terry being involved sends a shiver down my spine. He's a con merchant.