TOU (ASX) BSE pre-listing statement

Originally posted by GtP ↑

Good documents - clear and informative. Highlights for me were:
8.2 over 50 wells drilled at Lesedi including 16 core holes yielding good quskirt technical data (and more still required);
8.5 Project be developed in stages with an initial incremental 10MW project targeting first power sales from 2019 (break even is further away again);
8.7 Mining Licence covers large area 900 sq kms;
8.15 Project Development can commence at any time with no minimum spend stipulated (big advantage);
9.2 other southern African Govts are demonstrating increased levels of support for IPPs (in renewables I suspect);
11.2 Exploration funding requirements for next 2 years following date of thiS pre-listing statement is approx P41m ($4m) - existing cash plus Africa AllIance proceeds now adequately funded for exploration purposes (but not develzooming purposes - so 326m shares in issue now and likely more to be issued to o retain ownership in development, initial 10MW, or allow partners to farm-in and fund development but means giving away some level of economic interest=
/ownership);
12.6 Risks to Tlou and industry - a must read! Too much to summarise here bit I was drawn to Tenure Risk, Further Funding Requirements, Royalties and Taxes (where Sekaname has a Farm-In Agreement which could adversely affect TlOu financial position, performance and prospects - really? How?;
30.1 Material Contracts - Farm-In Agreement (page 91) where details of Sekanare who onward sold leases to Sable Energy which became Tlou Energy. Have a rrad - is under the heading of Material Contracts;
3.2.1 Exploration dataset of SRK Consulting competent persons Report - 70 welols consisting of coreholes, stratigraphic wells and pilot production wells drilled by Saber (and presumably Sekaname before that) and approx 25 wells consisting of exploration and pilot production wells drilled by Tlou (after Sabed) to date of this report;
Further down this section are details of results on flow rates from Tlou wells;
Para 4 of SRK report Future exploration work program - 2D seismic survey ....help better understand the dewatering characteristics of the coal and gas cimpositions and saturations (ie give them a better ‘sense of the smell of the gas’, a comment which drew much ridicule previously);
Para 5 Conclusions - based on the tested coal core samples, the produced gas will be methane rich. Report is sparse on this key data metric explained prenviously as because it was commercially sensitive info, yet being most advanced and 3-5 years ahead of competition, who is this info commercially sensitive from? I suspect disclose something +ve here and that would kick the share price. Maybe more drilling necessary, how much more though;
Apologies for picking what appears negative observations - but I would assert that the positive ones are well known. How about some real introspection whilst we await Bid award (for me, this is bigger than Reserves upgrade).

Expand

Interesting points and I'll have a look through.

Out of interest why do you say "(break even is further away again)". The plan has always stated first power to grid aprox 2019. So as far as I can see the goal post has remained the same. What makes you suggest it has changed?

Looking at section 8.2. I suspect you may be right in that they will probably need more drilling at some point, however this section doesn't say this so where did you get that information from?

That's all for now. I am trying to discuss your points so if you could avoid insults, demeaning and claiming you're being attacked we can try to have a proper discussion, agreed?

No.	Vol.	Price($)
5	1177477	1.6¢

No.

Vol.

Price($)

1177477

1.6¢

Price($)	Vol.	No.
1.8¢	238018	1

Price($)

Vol.

No.

1.8¢

238018

No.	Vol.	Price($)
2	26833	0.030
4	579137	0.029
1	8753	0.028
1	20000	0.027
2	300000	0.025

No.

Vol.

Price($)

26833

0.030

579137

0.029

8753

0.028

20000

0.027

300000

0.025

Price($)	Vol.	No.
0.031	703000	2
0.034	35000	1
0.035	35455	1
0.036	18322	1
0.037	50000	1

Price($)

Vol.

No.

0.031

703000

0.034

35000

0.035

35455

0.036

18322

0.037

50000

(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $38.58M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$612	35.99K

BSE pre-listing statement, page-2

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)

BSE pre-listing statement, page-2

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

Scientific conference spotlights PYC's work on blindness disease treatment

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)