Tlou Energy Share Discussion Threads

[cherrylady] 22/4/2020 01:06

Fishgut, the PPA just needs finalising - but is incomplete until it is.
We are not in a position to resume work yet so what is the hurry with enough in the kitty to tick over for 3 quarters minimum?

[cherrylady] 21/4/2020 23:19

704k per quarter outgoings is as relevant a figure Donk.

If we had A$40m in the bank , we'd be worse off if we were spending A$20m per quarter!

TG has told us his plans keep us alive for 3 quarters - enough time to organise funding imho. There's a few oilers out there who'd love to have A$2m and only $704 per quarter outgoings and as few staff members to consider as we do!

Once the virus is under control - we'll be in our starting blocks ready to go!
Especially if #4 is dewatered in the meantime, still a possibility I think?

The oilers, and many other companies, will be trying to find out where their workers are living after losing their homes?

TLOU has so much going for it - if we'd been on the originally planned schedule , I am reticent to say we could now be in a worse state than we are now? But that is possibly true!

Every cloud has a silver lining they say.

[fishguts] 21/4/2020 23:04

Almost dont matter what they not telling us.

What they have told us is finance was a mere formality on receipt of a ppa.

As each day ticks past its looking less l ke mere and more like impossible.

[donkey40] 21/4/2020 20:59

Well if you think Tlou’s finances are rock solid with A$2m cash at bank then more fool you.

£10,000 value traded today - total dribble. A bit like the gas flow at Lesedi 3 and 4.

I just wonder what Tony and team are not telling us...

[cherrylady] 20/4/2020 09:00

Share price on ASX goes up, tiddly tiddly up, whilst on the FTSE it goes down, tiddly tiddly down. Up down playing around .....

I think I'll change my name to Bruce and focus on whingeing poms.

I've tried to waken the dead on LSE by raising this sentence from the latest RNS.

"Geographically, the Mamba Project area is approximately 50 Km closer to the Orapa Power station than the Lesedi Project area."

It seems to be talking gas pipe lines to me? Any thoughts?
If not pipe lines, 50KM less for trucks to move bottled gas?

[cherrylady] 19/4/2020 16:40

Murray, I hope you are still invested here.

If you are not taking your bike out due to the restrictions, this video might be worth watching.

Thais drive on the left it seems?



Looks like paradise out there?

[cherrylady] 19/4/2020 16:15

I wonder if you do?
It has taken a ridiculous amount of time.

It simply comes down to me trusting "B"otswana's word and the Tlou "B"oard's claims.
To understand and adopt your opinion is less likely than me starting to believe that Alice in Wonderland is based on fact.

It is looking pretty good currently, I am in pocket on TLOU overall which is amazing considering the pandemic and the fact that the PPA has not been delivered yet.

I don't think I am alone in my trust of the two "B"s somehow.

Good luck with your conspiracy theories - there are so many and the chances of any of them coming good are similar to me having March Hare for tea.

[cherrylady] 19/4/2020 02:36

I don't honestly see a reply to show I am clueless.
If you believe that a PPA is 99% of the way towards getting $10m or $30m from BDC, and you believed in TG and Minister Moagi, you'd be sitting comfortably like me.

Moagi and Gilby look deadly serious with their statements about BPC being ordered to get that PPA done asap, and BDC being ready to act as soon as it is, funding wise.

450M shares compared to 9Bn at SXX, means I'll have a quite a good slice of TLOU and will be worth more in a shorter period with TLOU than SXX would have taken.

If we end up with our Minister, BPC , BDC and TLOU all in Botswana under effectively the two aforementioned guys' authority - to me we'll have dream tickets rather than shares.

If none of you know what donkey looks like - it could be something like this ....



Why does any challenge that you cannot answer always get labelled childish?
Is it your equivalent of Donald's FAKE NEWS?

[cherrylady] 18/4/2020 23:01

Come on then Donk - where are they going to spend it?

closed restaurants, hotels and airports , locked down site workers , non-deliverables (poles and wires, generators ) leaving money for a few phone calls , CEO quarter pay, other executives half pay i.e. already budgetted for well into 2020.

Paying in advance for equipment and land rights etc could buy some expensive good will - but what a risk in this climate! By the time they are deliverable the suppliers could have gone bust!


I look forward to you showing us some imagination? Meths for certain shareholders perhaps?

[fishguts] 18/4/2020 22:24

I predict 1 for 5 rights issue to go with the debt but we will see a solar deal first to pump the price back over 10c

[donkey40] 18/4/2020 20:52

Completely clueless - are you Colm’s grandad?

What do they need cash for. Really?!

But you got one thing right - you can’t imagine!

[cherrylady] 18/4/2020 19:23

What do they need cash for? The earlier they raise it, the sooner they'll have to start repayments. With no income due for the foreseeable future , I cannot see that happening.

Why any Government would want to reinvent the wheel for similar contracts I cannot imagine? Hoping for a PPA that is suitable to both preferred bidders is stretching the imagination, but Sekaname won't need one for many years imho.

2Mw and 10Mw will clearly be the same document, the volumes, price and timing will change and the wording referring to poles and wires will need some care. That maybe is what is taking the time, because I'd expect future expansions to require added cables at some point. The PPA for 2Mw will have to embrace the initial poles or pylons , so I reckon they will produce that one , as you say , and modify it if it doesn't provide capacity for 20Mw - which I think it will.

You scaremongering rights issue is against everything being said - we'll see if BDC make it necessary - it goes back to our opinions on TG yet again!

[donkey40] 18/4/2020 17:11

Amazing how you now know the intricacies of a PPA negotiation, as well as the thinking of the key personalities.

FYI, the 2mw negotiation was to be negotiated between Tlou and BPC. As instructed by your new mate Mr Moagi.

The 100mw tender for Tlou and Sekaname is to be negotiated by them, BPC and ALSF,with ALSF chairing the meetings.

Hence to say Tlou’s 2mw temporary and 10mw as preferred bidder will morph into similar agreements and contracts is a stretch you are not qualified to make imo.

It is, I believe accepted by pretty much all now, that securing funding is the box Tlou must tick in order to proceed in any direction ahead. Solar is a distraction since all historical expenditure was gas specific. Funding discussions are specific to CBM power generation - if they want to pursue solar, they will have to park that in a separate company since the overhang of gas expenditure and liabilities would overwhelm any small solar start up venture.

Personally I can see a 1 for 1 deeply discounted rights issue ahead in order to get cash. Now did anyone expect Tlou to have nearly 1 billion shares in issue so soon ...

[cherrylady] 18/4/2020 08:56

There won't be will there?

The PPA is done but for the nitty gritty variations. Both parties will be trying to get the best deal possible from each other. It may be only 2Mw, but those negotiations will form the platform for all future deals, of which we all hope there will be many.

Mr Moagi is probably waiting for Tony to get his round in :O)

He is a man who sticks to his guns and he has consistently said he is determined to look after us shareholders.

I believe him, you doubt him - simple as that.

But there really is no hurry - what good is the money until we can resume work?
The important bit is being discussed , volume , price and timescales!

They know the first two! Who knows about the third item????

[donkey40] 17/4/2020 23:17

Another week - still no funding.

[donkey40] 17/4/2020 00:58

The purpose of the 100mw tender was to demonstrate that CBM works. That was issued when Molale was Minister for Minerals, and is why he said what he said. He is no longer that Minister; neither did he do anything particularly to hurry along the 100mw tender. That was primarily because he was always seen as a Khama man, and the great surprise was (sadly) that he got re-elected.

But these are things that one only picks up as you (very disrespectfully suggest are) picked up in Bots meths bars. Since you have never been, I have little problem blending your comments with an association to Bots reality.

But even you, thick numbskull that you undoubtedly have, should surely have realised long long long before now, is that Nothing happens quickly in Botswana at the best of time. Add in some political bickering and positioning, and well those closer to reality there appreciate it for what it actually is.

Guess what - your idol now has been taught that particular lesson. About time you followed your King Canute (since you are convinced he is going to deliver a magnificent empire ahead).

[cherrylady] 16/4/2020 21:49

What did Eric mean when he said I want you both to prove there is an abundance of gas , CBM , Donk?

You rightly brought that video to our attention but you have never acknowledged the content, which I thought was sensational.

I know your friends think little of Eric , but he was fairly influential at the time of his statement! Post election, this was published....

"Vice-president
One of Masisi’s toughest political decisions will be his choice of vice president. Khama’s preference as his successor was for his younger brother Tshekedi Khama, but he knows that voters are tired of the Khama political dynasty. Botswana goes to the polls in the next general election in October 2019

His second choice was Eric Molale, the minister in the office of the president, who does not have a constituency and is, therefore, barred from becoming vice president. This allowed Masisi to sneak in as Khama’s unlikely deputy."

Minister Moagi appears to have adopted Eric's ambition for CBM and Solar , so the election did not interrupt progress as much as Covid! And he has not let Covid interfere, against all the odds I think!

He did not produce a PPA until TLOU aasked for one based on lower gas flows than was needed to supply 10Mw - and he obliged!

It has been a pleasure chatting to you this week, but we will never agree on this so I think I'll call it a day until we know what our agreement actually involves.