The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi smallfish, I believe that power from Eksom is no longer available and Morupule can't provide all the power that is required, I believe it is being bought from Mozambique when other options have been exhausted and at a high tariff, so yes as much power as we can offer.
If we get to a position were we are supplying SAPP and or Orapa then we will be doing very well.
Hi Winni, I agree mate, the bigger prize is the target and the BPC want a role in this and that should be a good thing.
The position the company are in has never been so good IMO regardless of what some on here say.
Check out Item number 141, there's a little mention for TLOU in there.
https://www.xchange.co.bw/policy/policies-publications/botswana-state-of-the-nation-2023
Also Brad Mamba could be very significant if we needed additional transmission lines heading north towards Orapa/Letlhakane which we would in order to provide 90 MW.
It's much closer and it would leave Lesedi to continue sending power towards Morupule.
I'm probably wide of the mark but let's see if we start some drilling at Mamba soon.
Hiya Brad, yes I thought the pipeline to supply gas directly would have been the preferred option, the pipeline used to be clearly marked up on the map if you remember.
Anyway reading between the lines it appears that supplying electricity into the grid rather than building and maintaining a pipeline is the preffered option and maybe this option gets us back in contention for providing power to Orapa. Orapa only uses the expensive diesel when they can't get power from the grid.
Going this way will probably mean dealing with the BPC again (maybe another reason we could still be involved) but if it gets us back in contention then it's worth it in my eyes.
Whilst we wait.
Don't disappear yet Brad, let's hypothesise about the Project instead.
I've been thinking about Orapa of late, it was part of our intended scope back in Jan but dismissed in April's Quarterly Activity report with the line "The Company's proposal was not successful"
I thought back then, and still think it may come back into the fold and if you look at the Company Website it still shows Orapa and the 220 kV lines that run to it on all presentations and also details the mine under the main Projects page.
It states "Further expansion is anticipated via the supply of power to the Orapa Diamond Mine which requires up to 90MW of cleaner power to replace their current heavy reliance on coal and diesel generation. Virtually unlimited power demand exists in the region via the southern African power pool."
I contacted the company and it certainly wasn't dismissed.
I was thinking that Mamba could be the source of powering Orapa as Mamba is further north than Lesedi and as the quarterly reports always state "In the event of successful drilling results at Mamba, it is envisioned that this area would be developed as a separate project from Lesedi.
We've been told the plan is to get Lesedi to the Initial 10MW and immediately increase up to 25MW. I think Lesedi could be growing as a new 220 kV connection to Orapa was being made, OK it sounds easy but it's possible and we've been told that if we can produce the gas we definitely have takers for the power which is quite obvious.
I was also informed that there is already a substation at Letlhakane so that would mean just transmission lines being required.
A bit of food for thought maybe.
Haha, same here JD76 but don't forget Peter Dunne's (probably Larkin's) words from the 14th Nov RNS...
"I have thoroughly enjoyed my time at United working alongside such a strong team that is dedicated to executing United's strategy and delivering value to shareholders.
What a joke of a company this has turned into.