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https://drive.google.com/file/d/17WL44ldn3YByHD3koFNax2Sdkuxr8rO7/view?usp=sharing
Could be closing at 2.2001 with a run of sells since 2.41p high for less than an hour.
Predictictive text seems biased towards words already used ..... so rat raise instead of rat race etc..
IG London have taken money already for their last minute agreement! Last in first out!
IG Aus are not due until the 10th.
Jarvis have also taken my money already on both my accounts- so now the waiting game starts to see how many I actually get. Roll on the decision of when to take my option shares , 8c on ASX will not take too long to look cheap I hope?
Simple maths buy soon in the 2p+ vicinity with yor refunds so if the option shares at 8c (around 4.4p maybe) are attractive, you have a double bagger to sell to fund them for animmediate profit - irrespective of rumours from a MM ramp. Simples!
The 4.3c sp came from 100% sells - someone doing what I did a while ago @ 5.6c - raising the cash for the open offer on the 10th at noon.
e.g. Trade executed: Tlou Energy Limited - (AU),Sell 31218 Shares @ 5.6 Thu, 18 Jun, 06:11
https://drive.google.com/file/d/1kkWQIhshzR30m6qwO_VpszH9rTgoDfkK/view?usp=sharing
which shows 319,000 shares sold not 265,000 most around 6:50am not long before 7am close!
No premium - just commonsense at a lower price!
I didn't do as well selling on LSE
e.g. Trade executed: Tlou Energy Limited (LSE),Sell 35000 Shares @ 2.33 Fri, 26 Jun, 08:29 (12 days ago)
It is simple economics MM - if you cannot affod to plough new money into an offer - make it self financing!
It's what TG would recommend no doubt - today is the last day to raise the money this way and I fully expect the sp to get back to the prices pre the offer announcement that dragged us downto 2.2p and 4c i.e over 3p and over 5c !!!!!!
No mystic ramp , just the normal movement after a placing.
And when we get refunds from our failed excess attempts, that will fuel a further rise as we raise to get that money in in a rat race. I said all this weeks ago .... it is just the way it works!
I am hoping progress is being made at Lesedi on the deawatering and an imminent price rise will arise from actual progress.
Followed by funding from BDC but that is not a ramp , it is my personal hope and expectation which I have always had in TG's leadership!
2.41p trades - as ASX made the market yesterday, and I endeavoured to explain. The great Brad dismissed this as ramp, ramp, ramp. Never mind.
As AIM is now also trading 8%+ over the OO level, PIs should seriously consider this stake building and the chances of a JV - BO - take over.
...and again on Tuesday
ASX bid at 4.3c for 265,000 shares. That's 2.40p at current FX rate.
Our mates have been consistently more bullish than AIM. What do they know?
You don't think we'll last 6 months then MM?
April 20th, May, June , July 7th is 6 months in twitter land eh?
I reckon you drive a red sports car!
LOL - In Bradland they are paying 7% over the offer price because they are all using exchange rates from 6 months ago.
Whatever next?
DTE, it only matters when MM claims it is a sign that Aussies are paying a premium over UK's prices so they may have insider knowledge of great things to come. i.e. ramping the pants out of nothing?
GG has very big hands and very tight pockets.
Dont forget they all accepted a 50% pay cut .... and said they'd not be claiming that lost pay retrospectively.
They kept us alive and kicking on ASX until Sept, and this placing will hopefully extend that date considerably.
I did not comprehend you point about timings. I'd hope that once BDC , most likely , offer us a deal, that the price will rise significantly. I guess that is the main finance package you referennce. So their $750k will get them lots more shares now?
At a higher price they get fewer but the number of shares in issue will be smaller!
I'm hoping there will not be a further placing at that time and the repayments 2 years hence will be for debt and we'll have an income from CBM and/or solar to help pay it.
Brad,
Does it really matter what the AUD to GBP exchange rate is in the grand scheme of things.
What is far more significant is that the Directors could be about to spend up to $750,000 on shares. I've been on the fence with Tlou over the last 9 months, leaning towards the negative, but even I can't ignore that level of personal investment as vote of confidence for the SP going forward.
There's bound to be some dilution when the main finance package is revealed, but clearly it's likely to be at a share price around 2.2p mark, otherwise why would they participate in a fund raise now? It would make sense to feather their nest later on.
One thing I can't understand is why GG never sticks his hand in his pocket.
4.3c is only better than 2.2p because the £ is weak against the dollar.
.511 is 2.2p
You dont have to go back far to see sub 2.2p for 4.3c - don't be taken in.
The Aussies are insisting on 4.3c but it is not a premium price to them , just a simple 4.3c
hursday 30 April 2020 1 AUD = 0.51616 GBP AUD GBP rate for 30/04/2020
Wednesday 29 April 2020 1 AUD = 0.52518 GBP AUD GBP rate for 29/04/2020
Tuesday 28 April 2020 1 AUD = 0.52258 GBP AUD GBP rate for 28/04/2020
Monday 27 April 2020 1 AUD = 0.51956 GBP AUD GBP rate for 27/04/2020
Sunday 26 April 2020 1 AUD = 0.51669 GBP AUD GBP rate for 26/04/2020
Saturday 25 April 2020 1 AUD = 0.51677 GBP AUD GBP rate for 25/04/2020
Friday 24 April 2020 1 AUD = 0.51653 GBP AUD GBP rate for 24/04/2020
Thursday 23 April 2020 1 AUD = 0.51600 GBP AUD GBP rate for 23/04/2020
Wednesday 22 April 2020 1 AUD = 0.51195 GBP AUD GBP rate for 22/04/2020
Tuesday 21 April 2020 1 AUD = 0.51067 GBP AUD GBP rate for 21/04/2020
Monday 20 April 2020 1 AUD = 0.50974 GBP AUD GBP rate for 20/04/2020
Sunday 19 April 2020 1 AUD = 0.50847 GBP AUD GBP rate for 19/04/2020
Saturday 18 April 2020 1 AUD = 0.50865 GBP AUD GBP rate for 18/04/2020
Friday 17 April 2020 1 AUD = 0.50880 GBP AUD GBP rate for 17/04/2020
Thursday 16 April 2020 1 AUD = 0.50927 GBP AUD GBP rate for 16/04/2020
Wednesday 15 April 2020 1 AUD = 0.50413 GBP AUD GBP rate for 15/04/2020
Tuesday 14 April 2020 1 AUD = 0.50987 GBP AUD GBP rate for 14/04/2020
Monday 13 April 2020 1 AUD = 0.51054 GBP
Like you’ve said before here mm asx are always in front of aim sp wise, but that doesn’t mean they know anything! Nice subtle ramp though! Any news on the takeover front? You seem to think it’s happening!
Whizzer, me old mate - ASX are happily bidding 5-8% more than their OO price of 4.00c. No ifs or buts about it.
Given that accounts could simply apply for more than their allotment at that 4.00c the higher open market bidding does have all kinds of positive implications - namely a shortage of stock or even stake building.
Neither division has replied to yesterday's IG emails.
I've learned something .... revert definition: 1. to reply: 2. to reply: .
Just got this....
corporateactions@igmarkets.com.au
07:35
Hello Brad,
Thank you for your email highlighting the issue with us. We have forwarded your email to our UK division and requested to revert to you ASAP with an update
As per your request below, we have recorded your oversubscription on Tlou Energy Ltd ASX listed shares as 30,000
Your election on the ASX listed share rights issue will be as below:
Exercised: 45000 shares
Oversubscribed: 30000 shares
Total subscription: 75000 shares
We confirm that 12PM AEST will be noon
**************************************** (that is the 10th - ASX office is really great!)
Kind regards,
Corporate Actions
T 1800 601 734 / +61 (3) 9860 1734
E helpdesk.au@ig.com
From: Brad Smith
Sent: Monday, 6 July 2020 5:01 PM
To: corporateactions@igmarkets.com.au
Subject: TLOU OPEN OFFER Account number ******************
Good morning folks,
You have handled the above placing perfectly imho.
I emailed you to apply for 15,000 excesses on both my ASX and AIM holding.
You confirmed my ASX application but informed me that the London division would handle their AIM shares.
They close the offer tomorrow and have done nothing yet!!!!!!
I attach a history of emails between you, me, london office and Primary Bid - it took me ages to prepare using notepad and word jointly after I gave up trying to use GMAIL reply.
I have no confidence in getting any excess shares from London, so can you please raise my ASX request to 30,000.
And if you can ensure I get my London entitlement that would be great!
You close on the 10th but London closes the offer on the 7th.
Incidentally you both quote 12PM as the closing time!
You might take a look at this link, because I could not decide if that was Noon or Midnight :O)
https://www.rmg.co.uk/explore/noon-12-am-or-12-pm
Please do you best for me, ideally your office would manage my AIM shares for me.
Best wishes
My actual name!
(I changed it to Brad Smith on google so my links do not reveal my true details - never expected Google to quote Brad Smith on posts as is apparent above!
I'm going to have to rethink this!)
MM at it again, ramp, ramp, ramp.
They were all sells MM, Bruce raising his funds for the ASX deadline of the 10th (not the 7th as as per the UK).
A Brucie bonus is getting 4.3/4 more shares for their bucks!
Didn't they do well?
https://drive.google.com/file/d/1kkWQIhshzR30m6qwO_VpszH9rTgoDfkK/view?usp=sharing
Mm like us they don’t know anything! The sp isn’t going to move much here until the placing is done! Then this s#*t show starts again! Your little ramps aren’t helping, when’s the buy out happening?
...and again on Tuesday
ASX bid at 4.3c for 265,000 shares. That's 2.40p at current FX rate.
Our mates have been consistently more bullish than AIM. What do they know?
Brad, you are right, as I have to have funds in the account. It's pretty instant with II, so it will be no problem.
Damo, I hope you are right but I am not convinced that unsettled sells will be available immedately for a placing application.
All my brokers have allowed me to use unsettled money to buy 'immediately' because both trades will settle on the same day.
On a placing they demand the funds are in place by their closing date and time.
They won't be in place tomorrow, which is why you cannot withdraw cash until settlement day.
If the broker sticks to his instructions he can surely restrict your order to the number that your cleared funds permit?
I am not saying they will do that, but I would not want to test the water!
My Interactive Investor account gives me a deadline of noon tomorrow, so I'll place my hat into the ring later this afternoon. No mention of funds although I'm sure they will let me know soon enough!
Hi Brad, with my share dealing account, the funds are cleared and available for use straight away so no issues here, only making a cash withdrawal involves a delay. So I had a lucky flip but simply pure luck that allows me to put more in the OO. I have applied for several times my entitlement as an excess, so like you hoping it is a success for TLOU.
I am battling away with the London office of IG though time is scarce.
Primary Bid's non-involvement means all London have done is give me a bum steer.I have asked ASX division to double my excess request and given them a history of the abject failure of the London division.
I am in danger of applying for half, all or 1.5 times my excess - it is crackers! I haven't even benn told what my entitlement is on AIM! And they close the offer at 12PM tomorrow!!!! I sent the link to ASX office to show them it does not exist - I hope they find it funnier than I do.
I did suggest this would happen!
Once it was too late to settle sales (like yours today) the cash will not be cleared for the offer!
I've never tested whether placements will honour unsettled trades but that could vary between brokers anyway.
They all tell you to have your funds in place by the deadline I think.
Have you covered yourself Caps? You risk ending up with none.
Now happily sold above 2.2p, gone back in the OO and TLOU will end up with my cash after all.
Brad, the OO is partially underwritten to 2M, with TLOU hoping to raise 3M in total so my paltry sum will make no difference either way and TLOU will still get a decent raise. If they don't get the full amount, it will be because they did not put forward a decent enough case but for a PI to gain 6% is a worthwhile exercise. I received similar criticism for buying cheaper in the open market 2 years ago at the time of 5.75p but that made no sense at it was fully underwritten !!!
If the SP rises, as it has partially done so already, I may yet sell and take up the OO, in which it will have been no more than a lucky flip. It is rare to have two bites of the cherry. Isn't that what these BBs are for, - to help PIs identify good opportunities, no matter how fleeting.
Thanks for making your shares available to one of us by increasing the excess count, Caps.
Your £5k will do TLOU no good at all, but I'm sure TG will still be trying to look after you as one of shareholders.
I hope this fund raising goes well but I have managed to buy 5k worth at 2.069 this morning which after allowing for buying and future selling costs is 6% below the OO price.
Others may prefer the right to the future options at 4.4p for 2 years which is abs fine. I prefer to have the discount now and then to see which way the wind blows in the future. GLA.