Member Info for Thornback

Yeah agree with most of that Winni

The only positive for me is that TG committed to another 9m of shares in the offer.

CC was the only one that took his full entitlement, however GG and McIver committed to ZERO which is p*ss poor IMO.

Tbh I'm not sure what GG and McIver actually bring to the party, GG only holds circa 386 thousand shares FFS, even I'm way ahead of him.

Yes very poor Winni.

Circa 62% take up of which the Doc has contributed 75%

The BPOPF negotiations are more important than ever and based on this result they will be able to get a favourable price should they wish to take more.

I must admit I've been disappointed at the lack of promoting the Project, especially with it being so close to revenue. I would have thought they would have been "shouting from the rooftops" to get fresh investors aboard but it hasn't been the case.

Saying all this I didn't partake in the offer for personal reasons and didn't really get the chance to sell my entitlement to take the offer up so I can't complain really.

Cheers Winni, that's a relief.

Maybe the audio was produced a while back but only realeased on the 7th?

Some Key points I picked up from the Zeus Capital Audio Note on TLOU's Twitter page.

From the £5.9M raise the Doc is underwriting £2.8M so there is £3.1M needed for the full amount

TL Scope 64% as of 7th of June – Was hoping this was a touch further but should hopefully be complete in the coming months

Zeus Capital Risked NAV is 8.3p SP currently at circa 2p

1st revenue expected this time next year

Https://www.telegraph.co.uk/global-health/terror-and-security/south-africa-power-cuts-blackouts/

A few more chunky buys going through, is it the CEO taking more I wonder?

Or this version.

https://www.marketscreener.com/quote/stock/JESMOND-CAPITAL-LTD-119298019/news/JESMOND-CAPITAL-ANNOUNCES-EXTENSION-OF-AGREEMENT-FOR-QUALIFYING-TRANSACTION-TO-BECOME-NORTH-SEA-FOCU-43992435/

Looks like Quattro are still very much interested in P2519 based on the Jesmond Capital announcement.

I wonder when we are going to hear about gas flow rates, obviously this is probably the the most important part of the Project.

I'm hoping they are very strong, that would mean we only a few well pods to get us to 10mw. The stronger the flow the less amount of wells are obviously required so it's now all about flow rates now.

There we go, it's good to see CEO buying more.

Wouldn't be surprised if that late buy isn't the CEO adding more.

I'm with you DtE, the last piece of the jigsaw is good flow rates and we are well and truly in business.

IMO

Good luck all.

Good interview, Darryn McClelland comes across well, he doesn't sit mumbling like his predecessor did.

I just hope he can pull this off, pity he wasn't around a few years ago.

It's all about securing debt then a partnership.

The next couple of weeks could be very good if all goes to plan.

I'm expecting positive RNS's on Maria and drill results all being well.

Morning Winni, I think the 2mw has been superceded with the Docs support. Obviously we need to get to 2mw before hitting 10mw but the plan now I feel is straight to 10mw and expansion to 25mw asap from there.

An excerpt from the quarterly report quotes this

"Work has advanced on a purpose-built operations facility for the initial 10MW development and to allow for project expansion thereafter"

Ah of course, thanks for correcting me Appi.

Back to the spreadsheet lol

Since Nov 22 we've had - 4th Nov - $2m Placement, 11th Nov - $3m Placement, 15th Dec - $3m Placement, 27th Mar - $200k Placement, 2nd May - $2m Loan, 12 May - $10,65m Entitlement Offer. (Circa $22m)

In addition we received $5m off the BPOPF have they also have agreement for another $5m on equity which I'm expecting them to take up, so I'm guessing/hoping that this may be the final time and growth comes from profit going forward. ($10m)

HB2, totally agree with that.

I won't be taking up the offer as it does nothing for my average and I have a great deal of skin in this company already but I do see it as a positive in terms of the company progressing.

Hopefully, once this raise is complete we will see some positive movement in the SP.

Good luck all

That's right GH, next Wed drop dead date atm but a Monday RNS with the deal completed would be good.

Yes, very confident Winni.