“This circuit is basically an oscillator which runs at around 100 MHz. The most important parts of the oscillator are the transistor Q1 and the tuned circuit, which comprises the inductor Ll and the variable capacitor CV1. When the battery is first connected, a brief surge of current flows from the collector to the emitter of Q1, causing an oscillating (i.e: alternating) current to flow back and forth between Ll and CV1. An oscillating voltage therefore appears at the junction of Ll and CV1. The frequency of the oscillation depends on the values of Ll and CV1, so that varying the value of CV1 tunes the oscillations to the exact frequency required.”