Member Info for Thechukkers

the world would be very boring with facts only minor.

agreed i noticed that myself. overtime the excpectations have lowered and i think it either went over most investors heads or people just chose to ignore it. we always aimed to get financing for a smaller project to derisk it and hopefully attract funding on better terms, and our expectations were always to be connected to the grid by end of 2020. although a few years back it was a bit eariler than that.

they have an evaporation pond btw, i posted a pic here from facebook eariler of a guy doing a field visit and he was standing next to the evaporation pond

i assume it would take more money out of their pocket to deal with this water, perhaps thats why they dont deal with it?
maybe once more wells are dewatering. then again we dont really know how much water they are actually producing at this point

the problem is we dont have a way of figuring out how probable it is that the gas flow rates will be commercial imho.
the management can say what they want but the aim investors think of them no more or less than they think of any other management.

havent sold a penny brad
have a look at the interview, tony spells it out imho. he said they are looking at other ways of getting that finance done because they feel the project deserves better terms or something along the way

sorry from bdc

listening to the last interview again, i think i am correct in assuming the financing terms given to tlou by bpc were not good enough and hence the delay imo

agreed id rather have fleas than see whizzers post here :P

i am not talking this down, i am just saying how i see it, i am in it for the long term, but there is nothing good i see in the short term. just need to get the flow rates and ppa over the line

i dont know but we are defo gonna see new lows. nothing to restore sentiment but some good news, otherwise the sp is just gonna drift
some painful few weeks ahead but hopefully in the long run it will all come good

problem now is, after this interview no one is gonna buy, so short term for the next month or two we gonna see a steady drift in sp. only news can change that, stay strong all lol

well it seems we got a few more months of waiting to do :(

that sounds like a threat to me. or else what? you gonna sell your other half ? dont make me laugh :D

i agree with downtoearth. the primary risk is the dewatering
there is no point to talk about eskom being in trouble and us having enough reserves...
fingers crossed tg will explain in more detail how far they are in this process

the problem was that the flow rates fluctuate a lot
they already achieved sustained gas flows at 20mcfd now they are trying to acheive sustained gas flow rates at 100mcfd . even if it did go under 20mcfd i think they are just testing various techniques etc etc. brad
i am going to give it time. company is funded til h2

i dont think its even legal to withhold such information from investors. doubt it

nothing new in this rns. the only negative i see is they have stopped the mamba drilling i assume as it was not int the forward plan anymore so i assume it might take longer here

brad he didnt put 28mil he maybe owns 20mil shares atm which would makes sense as there is circa 400 mil shares issued and they own just shy of 5% from memory
i agree though to say the bod do nothing cause you dont know what they are doing is just stupid
i defo enjoy reading your posts brad imho you make a lot of sense

one other thing aside from announcing water rates is to announce the various other coal basin qualities. like gas content and permeability etc etc it would give investors something to speculate on. the truth is we been waiting for the past 7 8 months for the same news and there is not much new info out there, there is not much to speculate on there is only so many times you can say eskom is in trouble and we have big reserves bla bla