Member Info for Thornback

Well I'm hoping that there is a polished, fully cost loaded and aggressive TL Scope project plan that has been produced.
I'm also hoping it's been put through a risk model and has some incentivised milestones attached. I also hope there is a risk register, all the long lead items identified with quotes recieved.
As mrmoagi has rightly said the clock is ticking and we have finally taken control, now it's time to deliver.

Well discussions with further offtakers have begun I believe so It's highly possible mrmoagi.
On the Finance front, it wouldn't surprise me if a rerate wasn't forthcoming, not quickly anyway.
The finance deal helps us but I'm happy to wait.

Hi DtE, I was referring to my post below tbh but I know what you mean.

So i'd suggest the next topic of conversation/debate will be the Contractors and construction of the TL SOW.

RE: Funding24 Nov 2021 11:13
Still sticking with my "before December" prediction but we'll see.

Hi MM, I'd suggest we have found ourselves a Strategic long term partner lol.

Perfect timing

I hope you're right Swan.
The problem I have is that I'm invested in a few companies that have large porential upside yet people don't appear to be interested in investing
The whole market just appears to be very flat to me, even the greenies aren't really performing.

I don't think that's the case smallfish, TLOU are looking for a long term strategic partner and I believe the financier is that partner so delaying to save a months interest isn't what I think.
I also believe the financier has a few formalities to do before signing which I also believe is this month.
Finally I'd suggest GG may have got his hands slapped for putting a time limit of the signing. As we were told it is out of TLOU's hands and if it does come before Christmas then I'd suggest it has been quick in Botswana terms.

Still sticking with my "before December" prediction but we'll see.

My gut feeling is Finance will be signed before December and hopefully this coming week prior to Wednesday's AGM.
That's just my hunch but time will tell.
Good luck all.

I'm not too concerned about the SP at present as I'm not planning on selling any shares for a good few years.
The SP will take care of itself, in fact I think we are starting to see signs of this already.
Why do I think this..!
well look at the big picture;
The 10mw PPA is done.
The finance is virtually done.
transmission line scope ready to go.
Gas is flowing.
The Hydrogen prototype will be onsite early next year.
Demand and price of gas is going through the roof.
Power requirement in the region is going up (look at the Eskom's major issues)
Discussions on further offtakers apparently started.
I'm sat here very comfortable and very confident.

Thank you TheSwan, much appreciated.

In the interview TM says
"31 million non market related equity type deals"
Can someone more knowledgeable explain what that actually means please.
Thanks in advance.

Agreed Mike, I'm never gonna make on this and after 5 years of being here hope that in maybe another 12 months I'll be able to come away with what I've put in over the years.
This deal hopefully allows for that.

As always I want to see the finer details, no doubt TM will be giving a presentation.
I hope it's with crux and he gets a good grilling.

An Interesting read.
Botswana could do with more supply..!

https://www.news24.com/amp/fin24/economy/eskom/load-shedding-to-start-this-afternoon-after-kusile-unit-tripped-20211102

Interesting MM.
Let's see if we get a bounce or even a TR1 in the morning.

I think this is only the 8th working day since the PPA was signed so we do need to give them some time.
I agree on the boots on the ground though, we need to get contractors mobilised before Christmas and I hope TLOU are chivying the production of the paperwork along on a dailly basis.

Hopefully the delay hasn't impacted on the sale.
As you say wolf surely UOG would release an RNS if so..?

Not heard that regarding the options Appi.
This is an excerpt of the email I received from HL;

You can pay to convert your warrants into shares at any point until they expire in July 2022.

If you would like to exercise your options please call on us 0117 900 9000 before noon on 9 July 2022.

DtE, I fully agree hence my fag packet scribbles on the 21st below.
I also think they will finance provider going forward.

That's interesting DtE, my thoughts are similair, here's my gut feeling scribbles after converting to GBP, just for fun whilst we are waiting for the Finance.

£7.25M
£5M straight debt at 8% to 10% interest
£2.25M in equity at 3p placing.
Giving 75,000,000 shares.
Total Shares - 600,199,039 plus 75,000,000 = 675,199,039
BPOPF holding was 47,230,769 = 7.87% holding
Plus 75,000,000
BPOPF now 122,230,769 = 20% holding.

Some interesting points on that report. TLOU have put this report out as an RNS which it has commissioned.
This part is of interest to me;

We estimate Tlou will require $10-15m of debt and equity in 2022 to commence the initial 2 MW of capacity, with support from existing shareholders likely.

For me that reads the requirement will be nearer $15 and equity highly likely.
Could the option shares (obviously we'd need to pass the strike rate) make up some of the equity..?