Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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🤣🤣🤣🤣🤣... Aside from his copying and pasting the only prediction he has made, is how hard it would be to raise funds from sources inside Botswana... Unfortunately for him less than a month after his production the Botswana Public Officers Pension Fund more than trebled their holding .. this has made him revert to copying and pasting 🤣🤣🤣🤣
Let him use that new toy Clue - it has taken him a decade to work out search engines , and to cut and paste - it is a novelty to be the next David Copperfield (US version) and to magic items from one place to another. Next he might master the TV remote control and start watching Wimbledon tennis, giving us a rest from the continual gree one line filter messages.
Emma Raducanu looked world class yesterday , the face of a Miss World and the tennis of a goddess, but I am biased.
Having experienced a flash storm from the Blue Mountains of Jamaica, the only time my beautiful late wife showed me any sign of fear as we waited for a waterfall to subside ahead , a 2 or 3 foot deep torrent across the road that we had driven through behind , and the River Swift to the left of our small road , so turning the car around would risk falling in the river, made it two of us who were fearful. We made the turn and went through the even deeper torrent from whence we came. The water came over the bonnet of the Toyota Tercel which was a diesel and kept running with lots of revs to keep the water out of the exhaust pipe. I vowed my next car would be a Toyota and it was. That day a woman and a child were killed after their car was carried down the River Swift from attempting to cross a ford!
So much going on in this world to occupy our minds and Donkey wastes hiis time trying to preach to the converted on here! Has he not twigged we are all invested and have plenty of cheap shares? And if we ain't buying who is going to get excited outside our circle? The price will go up because it has gone up , and then there will be a torrent of buying worthy of Jamaica. All my laughable little £500 monthly buys suddenly worth a grand or more? I look forward to having the last laugh.
Ah yes more Ctrl + C, Ctrl + V... What fascinating insight looooool
Try reading it NP. It is all factual info taken directly from Tlou ASX listing prospectus.
At the end of the day, CBM is about gas in-situ and ease of extraction. The right kind of coals help; the wrong kind dont. And TG said previously that Botswana coals were the best he had seen for CBM. All being well we will start getting more insight to this in the next 1 or 2 quarterly updates. Heaven knows, we have waited long enough for such insight.
FYI the prospectus was to raise A$10m with the issue of 20m new shares, taking the total issued to 108m shares. No need for me to repeat the number issued nowadays. More success in Cloo eyes !
We're all doomed, Captain Mainwaring.
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Since taking over operatorship of the permits in 2009, Thou has been systematically acquiring reliable data to characterise the CBM potential of the coal seams within its tenements. Although gas contents are variable and individuals seams relatively thin, cumulative coal thickness, gas content and permeability of the coal and depth to the objective indicate that it is likely that at least a portion of the tenements held by Thou will be able to support a CBM development in the future. Additional dynamic data from pilot testing is required in order to confidently model well deliverability and production profiles. The seam depths are ideal for CBM development as they are sufficiently deep for the coals to retain gas content but are not too deep to lose permeability.
Seam thickness - the reservoir in Central Karoo area contains discrete stacked coal bands generally less than 3m thick. Such stacked coal bands lend themselves to vertical well completions in order to adequately drain the coals where gas and water production from numerous stacked coals can be co-mingled. However horizontal well technology now exists to target individual coals 2m or greater in thickness provided they have a reasonable predictable lateral extent. Central Karoo project area contains coal beds possibly exploitable by horizontal well completion methods as well as vertical well completion methods.
Serowe seam - mostly less than 1m; Morupule seam - mostly between 1m and 5m; Kamotaka seam - mostly between 4m and 9m.
Coal rank and maturity - Petrology has been conducted on 4 samples from the B6-1X well and 6 samples from the D2-1XRR well. The coal is mainly vitrinite (up to 80%) and inertinite (up to 79%) with minor liptinite and mineral matter. The mean maximum vitrinite reflectance (VR) ranges from 0.55% to 0.97% which is characteristic vitrinite reflectance for Sub-bituminous (0.4%-0.59%) and High Volatile Bituminous (0.6%-1.0%) based on Australian standards 2096.
Coal density and ash content - proximate analysis results were available from 12 core holes. The dataset indicates the 3 coal seams have similar values, however there is a reasonable range in measured values from 20% to 72%. A cross plot of ash content v density indicates a trend of increasing coal density with depth for equivalent ash contents.
The desorption data shows a wide spread of gas content from less than 1 to almost 10 cc/g DAF with a considerable number of values above 3 cc/g which are more favourable for commercial concentration. Gas saturation ranges from 10% to almost 100%. There appears to be a decreasing trend of gas saturation with depth in the Morupule seam, however there is no observable trend in the other seams. Low gas saturations are less favourable because long dewatering times can result. The wide range of isotherm results creates significant uncertainty in regard to gas saturation. Pilot testing is required to confirm gas saturation and economic production
As Brad likes to continually remind us he reveres TG. And he often reminds us TG said Botswana coals were some of the best he had ever seen. This assertion I believe resonated with a lot of early stage investors in Tlou. So what was the early stage view of coals in Botswana?
During its time as operator, Saber drilled numerous wells consisting of boreholes, stratigraphic wells and pilot production wells. Operations were located mostly within the Central Karoo licenses. Thou inherited a technical database from Saber, consisting of a total of 1,321 desorption samples, from 19 boreholes, all residing in the Central Karoo project area. Data were extensively reviewed by Thou, who found that all desorption samples except for 91 (from 7 core holes) were unreliable. The 91 samples were acquired by Terratek on behalf of Saber and have been used in Tlou’s resource estimates (along with Tlou’s own later acquired borehole data). The inherited wireline log dataset was also checked and it was found to be largely reliable.
Given the expanse of the Central License areas, Thou decided to pursue an exploration program commencing in 2009 to complement and build upon the existing Terratek borehole data. The aim of this exploration program was to investigate the CBM prospectivity of these under-explored permits. The 2009 exploration program consisted of 5 fully evaluated boreholes in the Central Karoo area. This together with Terratek desorption laboratory data forms the basis of Tlou’s contingent resource position.
Thou also inherited Pilot well data and associated wireline log data. This data also went through Tlou’s validation process. The results of this process showed that poor record keeping meant that the data could not be validated and was inherently unreliable. Therefore this data is only used in a qualitative basis. Wireline log data, lithological descriptions, geological and laboratory data was however verified. This data was therefore retained and forms an integral part of Tlou’s geological modelling.
Interesting, what are your views on how this might affect funding from sources inside Botswana? Oh right lol you already made your prediction on that...
"In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
BOTS_PROJECT 28th Feb 2024
"Botswana Public Officers Pension Fund (BPOPF) have increased their shareholding to 16.63%"
TLOU RNS 26th March 2024
More bad news from the promised land - but of course this applies to everybody except Tlou.
Hundreds of businesses are feared to be on the brink of collapse while thousands of job losses is imminent as the troubled Government Accounting and Budgeting System (GABS) shambles down.
A savingram addressed to government ministries and departments from acting permanent secretary Matshidiso Bokole, dated 12 June 2024, titled “reports on outstanding payments to suppliers of goods and services by ministries” “The Ministry of Finance (MoF) has since August 2023 experienced declining performance of the Government and Budgeting System (GABS). Expressing fears of how the slow performance of GABS will have on the economy and businesses, Bokole stated that “Failure to pay suppliers on time often has far reaching implications on the economy and company cashflow which may in turn lead to closure of business and loss of jobs if not promptly addressed.”
Lol here he is! Where is the balance sheet teach in you promised? I guess you need to read up on what one is first 🤣🤣🤣🤣.. Interesting to point out BOTS that despite your constant doom and gloom the share price has been stable if not a bit higher since you arrived on the scene..
But anyway let's talk about gas consumption in Australia (yes that was one of BOTS copied and pasted articles here 🤣🤣🤣🤣)..
There is the attention you have been craving princess, we know you love it 👸 😘
2 is the number. Share price below 2 pence (who would have thought that after so much progress with fund raising and construction). And 2MW gas to power generation - hopefully, possibly, maybe, jeez what if they cant even deliver this much....
I guess you cheerleaders only have hopes and eyes for 10MW to infinity and beyond. Dreamers, silly little dreamers ....
Completed my monthly sortie into the market and got my 3 deals @ a great priceI think.
Took 1.92 twice and expected 1.92 or more for the rest - delighted to see 1.91p for them.
Does not make much sense to me. But there was slight delay in all 3 of the fills , even on the fixed price quote.
TG you can tell us the substations are being commissioned for 5MW now mate! And the bigger generators are being ordered for the near future. Time for a song ?
https://youtu.be/UVKU6SevefY?t=12
Next Quarterly Update within couple of weeks. Should keep us on target for production starting before 2025! If so, expect SP to tick up a bit.
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Personally I’ve never voted Labour and have always leaned towards the Conservative road maps . But after the Cameron and his of failed austerity .. the totally inept May .. then the utter self interested Johnson and Truss and now of course the hopeless and inept Sunak .. The country is hardly functioning anymore with local Governments going bust, most services cut to the bone .. A dysfunctional health service .. And to top it all taxes at it highest level for 70 years .. I think it’s time for a change ..
"You and Clue really are sad individuals" 🤣🤣🤣🤣🤣🤣... that tickled me. If we are sad and don't even live in our parents basement in Doncaster what does that make you princess?
The conservatives brought in Boris to try and win them votes, still being associated with him and then Truss can surely only wreck any chance they had
One comment on BH on Radio4 summed it up perfectly for me today. The Conservative party have forfeited the right to form the next government. They have been a shambles and, I believe, will continue to be a shambles.
I propose a new party, one that I reckon would win a landslide victory; The None of the Above Party.
Where is your bulldog spirit BTS? I'm glad you are still keeping the faith with TLOU.
As long as the troll is here there is hope imho. As long as he can find fault we must be doing things right!
No use starting to play in the last 5 minutes when your 10-0 down.
Ignoring the green one liners on here and moving on to leadership!
You all know I revere TG, and think Rishi is too much of a gent!
Cannot believe what I just saw on Laura Kuenssberg , who I admire for her strength !
That Channel 4 Reform revelation has awakened a new Rishi - he has gone from being too polite, a panda perhaps, to a roaring lion , king of the jungle , and a man I would not to have an argument with.
After Trump vs Biden , the leader of the western world , I am sure Putin will have gone from lounging on his chaise longue, to sitting bolt upright! No wonder Keir Starmer declined to appear - I imagine him quaking in his boots from the new Rishi.
Reform has done its job again - I saw a PM today with the facts to hand, explained very clearly and with force.
He covered defence, green energy and taxes and Laura must have been taken aback!
I no longer want Kemi Badenoch as leader , she should be chancellor under a true party leader is he keeps up this persona. Keir wanted change - I bet he is worried about getting it - the election is going to be interesting in a few days times.
I hope Channel 4 do a documentary on TLOU - TLOU are too gentlemanly imho - maybe TG is a hidden TIGER if somene rattles hs cage hard enough 😁
I am very concerned there has been a real dearth of news flow recently. It is sooooo unlike Tlou. And especially as we are in the home straight to supposedly connect to our Holy Grail ie the SAPP grid. Sure we have the Q2 update due in 2 or 3 weeks, as Tlou generally report 1 week before the deadline. Dont drag it out lads please.
Ok back to Glasto and Coldplay. It was Chris singing When I ruled the World made me remember that TG and Tlou often promised this in southern africa, especially with Tidd leading the cheer leading back in the day. Only for broken promises and disappointment ....
Oh goodness, the agony of it all. Imagine going tuts so close to the finish line .... And all the law suits ....