Member Info for tidd83

I think it worth reviewing the phrase “factually correct”. Your post is supposition at best.

D220 they are options ergo they give the optionality of share purchases at the price indicated with cash going directly in to the company coffers. They won’t convert options when the price hits 4.8p, more likely they will be much higher and even then it will be questionable whether or not they sell if indeed they choose to buy at all. The company has plenty of cash. No concern here not entirely sure how options as per the agreed historic terms are not inspiring?

Olda plenty of value to be had at current level. Not overly concerned on intraday movements since the picture has not changed, a delay does not change what is in play in terms of achievements and near term expected news.

You said 30% ?

WWW jog on

Whilst loss of life is tragic, it is a common event in such countries. Perhaps our own government would do well to take note of such measures as it would reduce the unlawfulness we see today whereby tax payers are forced to pay millions for a ridiculous legal system. That said, the mine is unaffected, operations continue and resource expansion will move on. Really makes no odds to me whatsoever and anyone posting silly doom mongering comments need to give their head a wobble. Whatwhat, this is the first time I’ve seen you post here and silly assumptions and finger in their air guesses of -30% drops when the mine is pumping out gold bars and stacks of cash daily is a little silly. As some have already stated, this will be forgotten in a number of weeks and tough justice on many an occasion is often needed.

I grabbed another 60k earlier myself.

.

GG didn’t choose Bots? GG is an ex member of gov, I think if anyone can work through the beuracracy he will be able to do so, not sure there will be any bullying involved.

Bythesea MM games certainly however the position Tlou are currently in makes the government RFP or PPA a minor concern. The above opens a specific avenue to preferred funding. Even without it the project can be developed and taken into production in a number of different ways, as I mentioned below - why is it nobody seems to even consider the option of JV/farm-in including a special purpose vehicle (SPV) or even a full acquisition or takeover? All of which can be a consideration for the company even for an initial development. Tlou have the approval to produce, they are already at development stage with substantial reserves already booked. Too many are clearly assuming a PPA or the RFP is make or break, it simply is not - it isn’t even a show stopper hence why the company are proceeding to apply for generation and transmission permits.

JTD you focus on what you deem is important. For me, a government PPA or RFP is just one small piece of the puzzle and not even critical to downstream commercialisation.

JTD why don’t you get off your own and contact them yourself as I’ve advised before? You’ll find they are more than accommodating. Atb.

JTD the market will do what the market wants to do, that makes no odds to fundamental valuation which eventually is realised for investments. I would rather have a company with solid foundations and underpinned by gas reserves (for which O&G stocks have the basis of their valuation made up from) than one that is rising on hot air. The market exists for electricity that much is clear, Tlous downstream optionality is for a gas to power solution. The gas in itself can be used for a variety of things but to have the abundance of said resource in a large quantity (and the only resource booked in country) is precisely where my focus is. The gas reserves are the inherent value, I’ve completed my research and I am more than comfortable with it especially at current value. PPA is just one small part of a large operation.

*any continuation.

Current exchange rate of PULA has BSE listing of Tlou trading at around 12p. https://afx.kwayisi.org/bsebw/tlou.html Ergo, African Alliance recent cornerstone investment of £2.4m has remained solid and all within the Botswana Pension Officers Fund for circa 6% of the company. https://www.investegate.co.uk/tlou-energy-ltd--tlou-/rns/tlou-secures-new-botswana-cornerstone-investor/201711200805079425W/ Core rig due on site imminently and should kick off a new round of drilling, if reserves continue to expand as expected I can’t help but think we are going to be in the sites of a major suitor either by some form of JV or perhaps TO? Tlou have many approvals that majors can bypass in terms of time and delays, a huge asset which is already at development stage and initial bookings of some 426BCF reserves with 3.3TCF contingent resources. All of the above certainly underpins the valuation of the company and more, plenty more value to be added here on existing progress even before further corninuation.

Np Olda. Each to their own, good luck. Happy to let this one develop especially given the achievements already under their belt.

I think it’s the people that jumped in on the back of the heavy buyer with a case of FOMO. Not sure anybody ramped anything? Still massively undervalued and correct news will likely see a gap up.

Is taking away the loose stock in droves. This should tighten up nicely ready for the next leg up and new highs. Little bit of patience and this will soon be in the 20p range, it can’t nor won’t stay at this valuation forever especially with Brent pushing $80 and the increases in production TXP continue to enjoy. Quite happy to sit tightly here, anyone coming onboard even at these levels can’t grumble at 15p and just a £19m valuation.

Gastro, a brief summary below for you; 1. Management, strong board with a twice successful CEO (Tony Gilby) taking Arrow Energy and Sunshine Gas from sub $100m and $20m startups to multi billion $ companies before being taken over. Also Gabaake Gabaake ex local government recruited and Linah Maholo ex governor of the bank of Botswana. 2. Tlou have proven and booked the only gas reserves in the entire country. Currently at 41bcf 2P and 426bcf 3P with 3.3TCF 3C booked on just a small portion of two of ten claims. Acreage position is 8300km of which they own 100%. 3. Production license already granted on one of ten blocks covering 900km for a 25 year term means they can go into commercial production. 4. Only company with EIA approval for upstream exploration and production granted for 200 pods (pod consisting of 1x vertical to 2x lateral wells = 600 wells). 5. RFP tender available for upto 100mw from the government, this was recently cancelled due to administrative purposes and put up for retender and shortlisted to just Tlou and one other company which should be updated on in the near term. Additional to this Tlou are targetting a multi offtake strategy to secure a PPA via negotiation directly with the local power corporation and also other offtake opportunities via the southern African power pool which allows them to wield power via the grid to customers in neighbouring countries. With an offtake secured it appears favourable discussions are already in place with development funders who should be keen to come to the table for development financing. Product can also be sold at spot price direct to market. 6. Strong support from government and a power deficit currently being remedied by import power, imported diesel and coal. All of which are expensive and/or dirty. Gas can be used solely or in combination as baseload to renewables. Tlou already have implied they wish to incorporate solar with the gas production making them the only hybrid/gas player in the country. 7. Institutional backing via African Alliance (Botswana Officers Pension Fund) at 11p for around £2.4m. 8. Proven model already in place with a gas to power genset already powering their operations. 9. Core rig purchased and due to arrive onsite imminently to further expand on reserve positions. 10. Mamba contingent resource expansion currently being assessed by SRK and should be due in the near term for further expansion of the already booked 3.3TCF resources. These are some of the main points plenty more to go on top. Current gas reserves should expand nicely, Tlou have a product in a country crying out for cheaper and cleaner energy resources. Proposed 10-100mw plants have been touted at booking revenues of $10-15m or $100-150m per annum.

Olda putting the tender aside for a moment as just one of many options. A direct PPA can be agreed with Botswana Power Corp without the need to go through any tender process. If and when that is given the nod it should be instantly communicated out by the company.