Tlou Energy Share Discussion Threads

[gmonkey007] 04/10/2020 09:41

Donkey—— ok well in the sense of what they trying to do they still a start up.. new industry in a new country.. ..all be it some 10 years on. Message boards are a place to discuss companies with others .. however you 90% of the time talk to yourself. Have you ever wonder why? Probably not and that’s my point.. if you really do want them to succeed then why don’t you use your genius skills and offer them help and guidance in order to succeed.. rather than the total opposite?

[donkey40] 03/10/2020 14:50

Start up - listed on ASX when? Read the listing document and tell me what they are doing now that they didn’t say back then.

[gmonkey007] 03/10/2020 13:06

Donkey .., it’s so easy to pick holes in something especially a start up.. if you haven’t invested why are so bothered.. Tg has put his money where his mouth is, a lot more than most CEO ‘s.. which will not guarantee success but does aline him more with his shareholders than most.. why are you so desperate for this to fail? Answer me that if you can?

[donkey40] 03/10/2020 11:48

Back in your box son!

[donkey40] 03/10/2020 06:14

Business Botswana not happy about SOE extension:

[jaf1969] 02/10/2020 10:23

Let's see if it can close above the 50 dma.

[ginko3] 30/9/2020 10:19

A tree climbing carrot eater with big floppy ears and a red ass

[donkey40] 30/9/2020 10:13

What would one get if you crossed a monkey with a donkey I wonder ...

[gmonkey007] 30/9/2020 09:40

Donkey why does one spend so much time and energy trying to down play TG and his company. Whilst things are not going swimmingly. It was never going to be straight forward or quick and easy to set up a new industry in Southern Africa.. Timelines will come and go. This always was and is a long term project fraught with difficulties and problems. You can tell from the responses to your drivel that no one is neither interested or has any value in your posts. Your desire to scour the African media for anything that will downplay the progress or the lack of it...is more the actions of a jilted lover. Why don’t you go on tinder and find yourself a new lover and move on from this old conquest.. I am sure it will bring a new purpose to your life and ease the pent up frustration you are obviously battling with constantly. Just a thought!

[donkey40] 29/9/2020 22:49

Brad - did you read that the State of Emergemcy in Bots has been extended by a further 6 months. That means a variety of things, chief of which is travel restrictions will continue and more scarily, the civil servants will continue to be Covid-focussed ie they will continue to do the square root of FA re decision making about new things (like CBM ...).

It’s all steady as she goes lads (for another 1, 2, skip a few... years) ...

Oh and Brad - any response to Tony’s evolving finance plan just out yday ? Did any of that surprise you. Covid was the problem; now project finance seems a problem; flow rates were a problem; BPC and BDC and Eric Molale are/were problems. Problems problems problems ....

Keep buying bud - they need all the help they can get!

[donkey40] 29/9/2020 17:37

My god, listen to this .... What happened all the previous partners - gone. What happened to BDC - apparently still looking at it but cannot get comfortable. In other words - likely gone. But never fear, there are 2 others waiting in the wings to step in should we not do a deal with BDC. So what you seem to be saying is you have not been talking seriously to these 2 parties over past few months when it is obvious reaching agreement with BDC was proving elusive.
And then we fall back on Why hasn’t a deal been done Tony. We want a good deal for our shareholders; not just the first deal of the taxi rank. Seems more likely to me all the taxis are not stopping to pick up a customer Tony.
Do you really expect even reasonably savy shareholders to believe this presence? A presence of our main work currently is desktop studies .... PS that is all you can do since you don’t have the $$$ to do anything else for time being.
FFS stop treating shareholders like kindergarten kids.... You are looking for Project Finance because you tried you best to go it alone, were frustrated or beaten or whatever, showed personal commitment by stumping up loads of your own $$$ to keep it going.... but now realise this is going to take goodness knows how long to commercialise (if at all - but let’s be positive), and now you have no choice but to go out and find a partner ....
Or sell leases to generate cash. Better still, go partner up with Strata-X and Mr Prefontaine ....
Better still, where are Mitchell Drilling in all this ..... He made plenty of $$$ from before, way more than you Tony apparently. So if Bots is that great, then double up, go for it, show us that you really really believe in Masisi and Moagi and their gang.
PS everyone - horrendous dilution ahead in case you got lost in the detail !!

[donkey40] 29/9/2020 00:28

More lies from the resident liar:

“One of the region’s advanced coal bed methane (CBM) developers, Tlou Energy said it needs to raise additional capital to expand and further develop the Lesedi project. The group’s managing director, Tony Gilby said the consolidated entity is in the process of investigating various options to raise the additional funds, which may include but not limited to an issue of shares or the sale of exploration assets where increased value has been created through previous exploration activity.

“Subject to the results of these operations we may need to raise additional capital,” he said. The energy company recently entered into an agreement with the Botswana Power Corporation to pilot a 2MW CBM at the firm’s holdings in the central part of the country.“

So if this article from Mmegi can be believed as true, Tlou are saying they would sell exploration assets to raise obviously much needed cash. I find that fascinating !

They made a big song and dance about increasing their acreage - Lesedi, Mamba and Boomslang. Only problem the resident looms on LSE didn’t spot was to keep title to those leases, you gotta keep spending exploration $$$.

So they need money to develop Lesedi and would sell leases in the 3 zones above. Will they sell enough ground at high enough price to provide the cash to drill more wells at Lesedi (to assist with L3 and 4 dewatering, apparently) and have cash left over for exploration at Mamba and Boomslang....

Everyone, except Brad, knows the answer is No Chance. With an impairment hit in last year accounts on past Exploration cost of $12m and delays in Bots by Ministry and ongoing Covid and only 6-8 weeks of work left in 2020 (before the 3-5 week New Year break) and not enough existing cash to drill more wells or pay for new exploration and an audit report qualified by Material Uncertainty over recoverability of the past Exploration expenditure at year end book cost $48m,,,,, well things are getting pretty damned close to the wire imo....

And anyhow, having seen the timeframe the Bots Govt operate under who is going to chuck decent money to buy a position in a country where they say coal and solar are the solution to domestic power supply and where huge solar plans are embryonic to feed IPP driven export potential.

It begs the question - what do Bots authorities have against CBM ?!

[donkey40] 28/9/2020 13:28

Oh dear, oh dear, oh dear - no mention of CBM ....

[donkey40] 28/9/2020 12:02

Good to see you have so much Renewed energy this fine Monday morning Brad. All you need is for the share price to display similar enthusiasm.

What are the chances of that .... More weekend news:

[cherrylady] 28/9/2020 11:00

How often do you read your own posts Donk?
Nobody worth talking about posts here.
I don't even read here unless I use ADVFN to show ASX trades, and I see the posts on the way to the Trades page.

How did the offer succeed Donk? I can assure you I did not buy most of the of $3M worth.
Unlike you, I am not alone! Carry on lying to yourself! We can rely on that!

[cherrylady] 28/9/2020 10:55

Apologise you cretin! If you understood TG even slightly you'd discard that information to lie instead!

Being called stupid by you probably rates as a compliment!

Be a man admit you are wrong!

TG spelled it out very clearly in April!!! And I suspect it appears in other documents too........

[cherrylady] 28/9/2020 09:39

16th April 2020 Operational report

Increased sustained gas flow rates are anticipated to take some considerable time, based on the currently available data, unless additional wells are drilled to facilitate the dewatering process. A decision to drill additional wells is being considered but no decision has yet been made.

15th June 2020 Entitlement Offer to raise up to A$3.0 million

The Company is in advanced discussions with development funding institutions interested in providing debt and/or equity capital to fund the next stage of the Lesedi project. This work includes but is not limited to, drilling of additional wells, installation of generation assets, purchase of capital equipment, and installation of associated infrastructure to develop up to 10MW of power.

Sept 2020 Post 8814
But we were not told that probably more wells would be required to assist with the dewatering process prior to the last fund raise.

Disingenuous yet again ...!!! I guess they feel they no longer have even a moral responsibility towards shareholders ....

It’s amazing they still peddle and preach the “compelling opportunity” the company has in Bots... Over 10 years now


Today

You must be a failed statistician Donk but great at the rest - "Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. It is also sometimes colloquially used to doubt statistics used to prove an opponent's point."

How I wish TG would sue you for defamation!

[donkey40] 25/9/2020 14:33

1.54 pence....

[donkey40] 23/9/2020 18:43

He isn’t delusional. He is just stupid!!

BPC is the state power utility and responsible for keeping the lights on throughout the whole country. Other than diesel gen sets, domestic solar appliances and Bush fires, BPC are a monopoly. A badly managed one at that. They have to be supported by Govt because there is no one else to take their place.

Faced with that scenario what should Govt /Ministry do? Manage them closely so as to understand the extent and complexity of previous mismanagement within BPC, establish how much money was siphoned as a result of corrupt behaviour, figure out a plan on how to ensure BPC fulfils its mandate of supplying electricity to the nation, manage the parastatal so that its losses are understood and then minimised, figure out what investment is needed to get it self-sufficient, look at the regulatory framework and change that so it supports BPC and its suppliers to ensure it is all fit for purpose going forward.

And guess what - it all takes time. A lot of time !!

Solar in Bots is being driven by Power Africa, who partner with US Govt and also African Development Bank. This is so early stage that maybe in 5 years from now there will be something pumped into the grid to support the nation.

CBM is not trusted by Govt /Ministry as being a potential source of significant power generation. Why? Because if it was, they would be fast tracking CBM development to commercial delivery. Instead, they have stuck it on the slow boat to China in order to try figure out if it is viable or not.

And Tlou drilling 2 horizontal wells at a cost above A$5m and the wells are still not showing sufficiently Commercial quantities of gas sure as heck doesn’t help persuade onlookers that CBM is the solution ....

But don’t worry - TG is on a hat-trick. He knows what he is doing. He doesn’t want funding yet because he doesn’t want to start the clock ticking on repayment obligations. He is spending shareholders cash to build a transmission line although apparently there is a risk that Govt won’t continue to fund the operations cost of BPC.

Is there a word that encapsulates ‘even more stupid than stupid’ ?’

[money4me] 23/9/2020 09:30

Just holes for putting money into but only water comes out. Glad I am shot of this now. Perhaps there may be some money to be made in a few years if they ever get that far