RE: Tide turns 11th Nov28 Oct 2019 15:48
£1.86 was incredibly optimistic. I am pretty sure I've consistently been a 50p party man myself although may have got a little giddy and upped it to a £1 before coming to my senses. So I reckon that downgrades my optimism to 'highly optimistic'. Could still get there on a fair wind and less negative waves.
Lets have a little think.
Lets assume we have now raised enough cash for 12 months. We can get the first MED plant up and running and become revenue generating within the next 9 months. Lets also assume we finally get the ML for Bots, CSA PPA etc (by March 2020 as per RNS) and progress towards FC . Pushing the boat out a bit more lets assume we get the Moz binding private PPA / CSA (in Q4 2019 as per RNS) and PPA with EDM within 6 months. Lets assume that Mbeya is a complete dead duck for now which I tend not to subscribe to but will discount for now.
Where would we be then?
What are the risks? Seems to me that its all down to the Govts of Bots / Moz. There is committed funds and plans for a larger pan-africa power transmission infrastructure so someone is convinced these govts are finally going to generate some power to export.
Why aren't we there yet? Tanz govt gave us a right good rodgering over SML and Mbeya. Now should LC have seen it coming - you'd needs eyes in the back of you head for that (think about it). Perhaps he did and divested for that reason ... who knows
Where would we be in 6-9 months time