Member Info for Thornback

https://africanbusinessmagazine.com/africa-energy-yearbook-2020/ground-shifts-for-thermal-power-in-africa/

For me finance is the key objective now and unlocks this project going forward.
The interim ppa has been agreed, engineering and design work started and progressing and tendering work too.
Like I've said the covid may have had some impact but i don't believe it's what's holding us back. The finance deal is critically important and a good deal is a must. If this can be achieved then we start to gain a little control over where this company goes. TG has done this before and I'm sure he's had lots of frustrations so far and it certainly looks like it on some of the podcasts, that said he is an astute businessman who would be tough to turn over.
I also think the ppa will be with the bpc, I just think it would be an easier route and going forward make progress easier. We have agreed it with them, we are in Botswana, we have a good relationship with them and they are a member of the sapp so it makes sense.
I think we will sell to them until we get large enough to be able to sell direct to the sapp.
All imo of course.

It's a pity there wasn't an Open Offer for current shareholders for a perentage of RKH's shares at 2.66p.
I understand that Institutional Investors bring growth and stability but it doesn't appear to be the case here, it appears to be just a quick profit.

I think were all aware that covid would have had an impact Brad.
All your assumptions on delay appear to be covid related.
Out of curiosity, do you think we are sat comfy with all our ducks aligned just waiting for a vaccine..?

Morning Brad, some valid points made and I also agree TG has a vested interest and is doing the best he can under the circumstances as I've stated below. Especially negotiating the possible issues I've highlighted. He said himself on podcast that the project was still moving along especially the finance side of it so I'm not sure if covid is one of the reasons for delay personally.
Mott Macdonald have been working away in preparation of the signed PPA, and that is the stumbling block IMO
Let's see if tomorrow gives any info regarding where we are.
Good luck all.

I don't understand the "not ready for funding" Brad, I would have thought tlou would have preferred it to the open offer especially with the confidence they've shown with the gas flows. Not once have I thought we weren't ready to go. Indications last year suggested confidence that gas flows could well surpass required levels.
As for the BPC, they are still functioning to my knowledge and although they appear inept there is no certainty of them being dissolved. If BERA and Moagi
Were that much on our side I'm unsure why we haven't agreed terms.
I don't believe for a minute we don't have funding yet because we are not ready.
Just my opinion.....

Hi lads, i'd have to add, and this is only my opinion, I don't think we'd be any further down the road with another CEO to be fair.
I think TG is an astute businessman and is doing everything in his power to make this happen, why wouldn't he.
He has plenty of time, effort and skn in this company (unlike GG who for me is a waste of time)
In my opinion all the issues lie with the BPC who may now want more than Tlou believed was on offer.
You only need to look at their performance to date to realise they are a complete shambles of an organisation imo.
I even think the interim PPA was possibly agreed because TG may have threatened to pull the plug so to speak which wouldn't benefit the Botswana public officers Pension fund.
I certainly agree that this needs resolving sooner rather than later so let's hope TG gets this over the line once and for all.
Last but not least, if TLOU are legally entitled to sell to the SAPP then maybe obtaining funding elsewhere is the obvious solution and just bypass the BPC, I'm not sure if that is an option legally however and I'm sure working with the BPC must make things easier going forward.

I have a gut feeling the PPA unlocks everything Whizzer.
I personally think that both finance and gas flows aren't the big issue if we are to believe what Colm Cloonan stated at the back end of last year.
I think it's all down to the BPC wanting all power to be sold to them and not direct from TLOU to the SAPP.
If this is the case then Tlou may be better to accept that all or the majority of the initial 10mw goes through BPC as long as there is a legally binding contract that everything over and above is for TLOU to sell to the SAPP if they so wish.
The problem I feel is that the BPC want it all and TG is a man who wont be shafted.

Morning Whizzer, here's my take on it for what it's worth.
I believe we agreed an interim PPA for 2mw which would be sold entirely to the BPC.
I think Tlou expected/hoped that once/if the full 10mw PPA was agreed they would be free to sell 8mw to the SAPP and build the company independantly from there. However, from what I've read the BPC are vehemently against this and want to control the company by having all the 10mw sold to them and not to the SAPP. This would obviously reduce Tlou's value and flexibility going forward and make our investment/company a far less profitable proposition.
I'm probably way off the mark but I can't see how we were tantalisingly close many months ago yet today appear no closer to a finance deal.
One thing's for sure in my eyes Tlou and the BPC certainly weren't singing from the same hymn sheet when discussing T&C's.
Oh and I'd be happy for the SP to hit 5p so I could come away unscathed and try my hand elsewhere.
My thoughts are that the 2 parties are now attempting to reach a 'half way house' for each....

Let's see if Monday's meeting gives us a warm feeling even though they wont be discussing anything that's price sensitive (unless there's an RNS on Monday morning)
I'm not holding my breath though, I've really lost interest with this company tbh.
On paper it looks like a potential 10 bagger from here but nothing seems to progress.
These Aussie CEO's are a curse for me lol
Good luck all

Fair comments lads, I was just reading about Turkey and Egypt getting back into Libya to get the oil going again.
I put 2 annd 2 together and probably got 5.
Good luck all....

Has anyone got a gut feeling we may get some business in Libya..?
A long shot maybe..!
Thoughts anyone.

This holding is the one I'm most confident of getting a return on with an average of sub 4p.
However Iman Hill will want her pound of flesh, lets hope her appointment offers value for money.
I haven't been overly impressed with this excerpt from the RNS;

We are delighted to have attracted such strong support from institutional and private investors at a time of relative uncertainty within our sector; a clear vote of confidence in our assets, our executive team and in our business model.

I would suggest that not all who bought in are still holding based on the selling since.

Whatever it is let's hope that it's not at the expense of us little men shareholders..!

https://tcbiznews.com/news/14102/coal-bed-methane-market-size-to-expand-significantly-by-the-end-of-2025/

Is this turning into another trading share I wonder, it certainly looks like the shares aren't in sticky hands still..!

Thanks for the replies gents.

Has anyone got a take on the Crowe appointment and dropping of Ernst and Young pleaee..?

Apart from her obvious experience she's fluent in Arabic, this could be a bonus for the Egypt Project..?

https://www.google.com/amp/s/news.thevoicebw.com/private-sector-calls-for-unbundling-of-bpc/amp/