RE: IG COMPLAINT resolution6 Jun 2025 05:17
What does one think copied from hotcopper under the name GTP
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04/06/25
06:08
Post #: 79303373
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Don't forget they have well performance problems, fines clogging up the arteries, dewatering for years (not months), no visibility on sustained flow rates or gas composition, corruption problems haunting the previous Minister Moagi, an increasingly broke Govt and ballooning budget deficit, 1.26 billion shares in issue and probably another 400m convertible debt to equity, and still no firm date on selling first power to BPC - the same BPC that is insolvent and will delay payments to Tlou well beyond the specified terms in PPA. Except that the PPA signed by Tlou is so far behind schedule, it is hard to see how Tlou can appl any pressure on anyone in Govt or indeed Botswana given how hopeless this entire project has turned out.
Wasnt it Tony Gilby that spoke to a crowded room in a dungeon in London years ago saying the Botswana coals were the best coals he had ever seen.
He has a lot to answer for - and maybe more than we currently know.