Member Info for Whizzer

Wish whoever it is was though brad, was done selling!

And bang the seller turns up again, been going on a good couple of months now, wish they would do one!

Up 6.5% in oz

Just get your facts right before posting about what someone has said. I’m aware of what Sasha does thanks. If you think talking about the points I think the bod have not delivered on as deramping then that’s up to you, But I’m sure that there are a lot of people invested that are unimpressed with the progress on certain aspects of the project that just don’t speak there mind, I am not afraid to speak my mind, I’ll also consider the positives when they materialise, as we are tantalisingly close (someone else’s words, I checked before posting them!).

Worried and unimpressed are 2 different things chukkers, unimpressed being the word that I used.

I know Sasha is on Twitter but he’s just a paid for mouth piece and won’t look at both sides of the story positive and negative! My opinion only. Colm said in the interview they had spoken with a lot of interested parties who want to provide financing but they would want a bit of the pie, if I was providing the funds of £30 million I would want a slice of the company, I think it would be silly to not expect more shares being issued to secure the money. But we will have to see!

Hmmm imagine tlou signing a ppa and getting funding before the final flow rates are known, I suppose you’ll be phoning tony to tell him to wait until the rates are known before signing anything.

I actually thought colm came across well, I won’t believe it’s near term until the rns that a ppa has been signed appears, near term with tlou as we all know could mean 6 months (but there is a bit more hope of it coming sooner). Not sure why they didn’t do the interview the same day as the rns release! Funding is def going to bring more dilution by the sounds of it, which is a shame as we already have 450 million in issue. I’m pretty sure bigger share holders must have been unimpressed with the lack of progress with the ppa, funding etc as they’ve come out saying they know share holders are annoyed with lack of progress!

I can appreciate what they’ve done but none of it is reflected in the sp because they continue to underwhelm on the major milestones that will, if hit would propel us along nicely to the next level! But 2 years along is getting beyond a joke now, and they only have themselves to blame as this is the route they’ve decided to go for! So the wait goes on!!

They should be paid less and then if they hit targets get the reward for doing so, and that’s not just the bod of tlou, a lot of boards across the aim market are paid far to much and produce very little for share holders and in my opinion paying them less but pay bonus’s on reaching major points along a company’s growth journey would work better for shareholders. I know they get options at the moment but they still take far to much money out ( very little to show for it in the last 2 years) of the company.and after being invested here for over 3 years now I’m a little miffed at the lack of major milestones being hit ppa, funding, flow rates (out of their hands I know). The bod are the ones who decided to continue with the ppa with the government route and the bod are the ones who told us funding is pretty much sorted for year end (this was mentioned quite a while ago by colm). Yes they have all the permits well nearly all, and I can see the amount of work that goes into obtaining them but if that’s your field of work your in, you would over time acquire the permits it’s not a miracle to get them. They’ve had the majority of the permits for awhile now, ppa is out of their hands, flow rates are out of their hands and they are waiting on the government for a funding proposal, so what are the bod actually doing now then? The 3 key items have been beyond them for far too long, we are still waiting as the bod put all their eggs in one basket (again).

Really think the bod need to take a pay cut here after a total abject couple of years as they pay themselves handsomely and they really haven’t performed well at all for the share holders! After the initial ppa cancellation we are now looking at getting to production in another year and a half, so that would be 3 and a half years after the ppa farce. What have they achieved since then apart from get a few permits and drill a couple of production pods? They don’t deserve the to get paid those sort of wages after the poor return they have given shareholders. What have they done for the sp in that time?

I have to agree with something you said brad which I can’t quite believe myself :) the bod not calling back the rig is a big plus I suppose in a year full of them not fulfilling any of the 3 major news items they set out to achieve again

Except we know 2mw is the initial target of those 2 wells, and we’ve already been offered £30 million to take us to 10mw, like I said earlier colm only needs to negotiate the finer details of the deal, the bod know the cost of each well/ pod and they know how much the lines and connection to the grid is going to cost.

Everything aside, what bugs me is someone has been selling down their position for over a month now and you have to question after today’s rns announcement, did someone tip them off to what was going to be released? Coincidence?

I’m saying it shouldn’t take as long as it has, we were told they want to fund us to get to 10mw, so he hasn’t needed to chase money unless I’m mistaken! It’s pretty much sitting in his lap or so we have been led to believe! All he has to do is negotiate the finer details.

Not bothered one bit.
Brad we’ve been told by the bod before ( I think Tony said it ) that the funding isn’t dependent on the flow rates or the ppa, so why has it taken over a year with no funding deal close to being signed? I would think that would have been plenty of time for something to have been sorted, but what do I know, I can only go by what the bod have stated in there interviews and rns. It’s a poor situation that we’re all in now, just got to wait even longer. The bods last presentation might as well be chucked in the bin for what it’s worth as they aren’t going to hit those milestones now. Over paid and underperforming is an understatement!

Well we are now looking at having to wait until the 2nd quarter of 2020 for material news on flow rates going by the length of time it taken already! So the proposal of selling electricity into the grid by the end of next year now look way off the mark. What has colm been doing this year. He’s had a year to secure funding and he’s totally failed. He needs to go.

You don’t need to get your ass in your hands with me, you need to take it out on the useless bod. If they dont know when the flow rates are going to be commercial then how can anyone else make that assumption without the information that the bod have. All I know is, this year has been a major let down again!!! They put all of there eggs into the same basket and look where that’s got us.

Take off those rose tinted specs and read the rns again, no flow rate numbers ( if they were any good they would be shouting it from the roof tops )
They’ve had a year to secure funding and they are no closer.
And god knows when the ppa might happen!!
Total shambles.

So I suppose your over the moon with the rns then!