Tlou Energy Share Discussion Threads

[gerrym two] 18/9/2017 19:29

Good time to invest Russell.

[pottermagic2310] 18/9/2017 19:18

I bet TLOU don't submit this week....

[ftangftang] 18/9/2017 18:37

cheers
ft ft

[acrussell] 18/9/2017 15:09

Thanks for the heads up on the Hot Copper site

[regandharry5] 18/9/2017 11:09

Also the RNS on the 12th JULY should interes you.

[regandharry5] 18/9/2017 11:06

Sorry should read GoodEnuff.

[regandharry5] 18/9/2017 11:05

If you read the note by GoodEnough on the Hot Copper site, you'll see why some of us have been here for some time.

[coley15] 18/9/2017 10:29

shhhhh! - welcome.

[acrussell] 18/9/2017 10:27

First investment here this morning after some research over the weekend. I really like the story here, look forward to the ride.

Nice to see a quiet BB too, usually a good sign!

[maverick247] 17/9/2017 20:26

Big week RFP submission (third time lucky!)If Govt work at the speed they did with mining license could get a quick turnaround on an award

[ftangftang] 13/9/2017 07:22

top tip ... change the https to caps HTTPS and link will work



cheers
ft ft

[wheniamfree] 12/9/2017 21:30

Today's extremely bullish podcast

hxxps://audioboom.com/posts/6292287-tlou-energy-tlou-kibo-mining-kibo-w-resources-wres?t=0

[ftangftang] 11/9/2017 07:47

and up 12% in OZ

cheers
ft ft

[wheniamfree] 11/9/2017 07:30

Fantastic set of results, company are certainly delivering and the cash at bank also looks healthy.

[happyholder123] 09/9/2017 11:35

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[pottermagic2310] 01/9/2017 13:12

"The Government has decided not to exercise its option to take up a shareholding in the
project as provided for under Section 40 of the Mines and Minerals Act;
 Project development can commence at any time with no minimum spend stipulated;
 Royalties are payable to the Government of Botswana in accordance with Section 66 of the
Mines and Minerals Act. Royalties are currently payable at a rate of 3% of gross market value."

Bit obvious - why would the Gov deny itself 3% of Gross MV by taking a share in the Project, which would cost it money. It gets 3% Gross indefinitely for awarding the License, which reduces its cost of Power purchased at the output end, should the Project reach completion.

Got to think this might fly next Spring assuming the Bid is successful

[ginko3] 01/9/2017 09:21

Yep and clearly a strong and professional management team inclined to keep shareholders engaged, a refreshing change compared to most companies on aim.

[regandharry5] 31/8/2017 09:06

Well they did say that they would release the actual terms of the licence when they had them.

[ginko3] 31/8/2017 08:41

Good RNS but nothing really new in it just a bit more detail to add to the mix.

[money4me] 31/8/2017 08:14

nice to try and keep us interested until end September

[wheniamfree] 31/8/2017 07:16

Just read the following too from LSE, looks like their investor relations has quoted.

"The govt have the option to take up to 15% of the project at the time of award of the ML, so can't now get part of this particular project. However to get their 15%, they would have to pay 15% of the exploration costs incurred to date and of course contribute 15% of future development costs. From various discussions it seems one of the main reasons to not take up the 15% was to avoid any perceived conflict when awarding the RFP. Also they may not want to commit to the upfront capital until the CBM industry is developed further in the country. i.e. when we apply for a ML on subsequent areas they will at that point have the chance to come in on those projects and may do so. The letter from government only stated that they would not be taking up their option without explaining why so we can't say anymore on the RNS."

[wheniamfree] 31/8/2017 07:16

Excellent.

[ftangftang] 31/8/2017 01:47

Mining Licence Terms
As announced on 21 August 2017, the Company would make a further announcement on the Mining
Licence once it had been reviewed. The material terms and information included in the Mining
Licence are:
 The Mining Licence has been issued in terms of Section 41 of the Mines and Minerals Act of
Botswana;
 The licence grants the holder the right to produce CBM natural gas in the approved Mining
Licence area for a term of 25 years commencing on 21 August 2017 and ending on 20 August
2042;
 The Mining Licence was granted in full across the area applied for, which was previously
known as Prospecting Licence PL002/2004;
 The licence area is approximately 900Km2;
 An annual licence fee is payable to the office of the Director of Mines of approximately
USD$9,000;
 The Government has decided not to exercise its option to take up a shareholding in the
project as provided for under Section 40 of the Mines and Minerals Act;
 Project development can commence at any time with no minimum spend stipulated;
 Royalties are payable to the Government of Botswana in accordance with Section 66 of the
Mines and Minerals Act. Royalties are currently payable at a rate of 3% of gross market value.
Gross market value is defined as the sale value receivable at the mine gate in an arm’s length
transaction without discounts, commissions or deductions for the mineral or mineral product
on disposal.

brilliant
cheers
ft ft