Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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How many years now have the prophets been leading us to the holy land? Are we there yet? Or will there be more excuses....
Donks when you revert to type with your incessant doom mongering you lose all objectivity and any valid points you may have had evaporate.
Appi, think you are being a bit unfair. Yes, generally I preach a cautionary message. And I will continue in that vein until I see stronger signals from within Botswana that tells me things really are set to ‘explode’ here. That could well be a successful PPA outcome for Tlou, but is more likely to be that significant project funding is secured. And bear in mind, when that happens I fully expect more significant equity dilution than all the recent itsy bitsy equity raising that have been basically tiding things over.
But - in my defence - if you go back about 4-6 weeks, you will read my posts saying I believed the ‘good times’ were about to get going. Not long before the last fund raise I believe - then Tlou smacked us in the chops. And with good news, they will do the same again. Anyone that thinks Tlou is ‘fully funded’ (as we have been told countless times) really needs their head examined.
1 billion shares in issue is good and bad - good as it means funding has been secured. Bad for obvious reasons - but then there are some who believe the bigger the number, the better. Yup they really are the clever ones here.
I love your put downs Miner. Seems be a trend of yours.
Save it for the students Donks.
Oh well, at least I tried to help you.
As for you, all I see are 2 settings: 1. Talking up Tlou; 2. Talking down anyone who doesn’t agree with you.
Tell me - in your 4 years of trying, how has the share price responded to your urging.
At least we all know you and Smith shop in the same mirror storeroom.
Some gentle advice for you Miner - try a different tack, or seam, since it seems all your efforts thus far are not bringing much reward. Try harder.
Donk is the Kenner , the thickest poster ever on LSE, he won't see anything MM, repeatedly banned on here under all sorts of usenames.
As can be seen this morning he just wants to be the centre of attention , but is in fact the centre of "just up i'd go". I am so happy to to sit back and watch you all confirm things that I have believed for years. I thought moagi was about to disappear when we attracted a new poster with a new tactic.
Appiama latest post has just been unlocked by MM's latest. in the system for 45 minutes? MM is absolutely spot on, everything Donk claims are faults in others reflect on himself all the time!
Py will get my crossword clue but Donk won't because he does not even see the obvious!
It should be obvious which one of us is obsessed with the other and why? He uses me to make him the centre of attention! That is history now everyone sees him for what he is.
As for TLOU , their tweets have got this chatroom talking at last. God bless TLOU.
Oh dear Donks, for a moment you were doing much better.
You're now mind reading what people are saying, twice using 'implicit assumption' in projecting what I was saying. You get very annoyed when Brad does that, so best not do it yourself.
The political changes have been key to advancing the CBM industry, as well you know.
Furthermore CBM is one of the 'shovel ready' projects that the Government is intent on delivering to recover from COVID - and doing so requires no Government money - that's the beauty of it. Funding likely comes from a pension fund or similar, not our of central coffers. In addition any energy that Tlou generate will be bought by the BPC under the country's import substitution policy. Doing so will be a) cheaper than sourcing expensive imports from Eskom, and b) keep money in the country and improve Botswana's balance of payments. This is a series of very good reasons why CBM is moving forward.
Meanwhile on the 15% business, you forget your Tlou history. The Gov *had* the option to buy in on the grant of the Mining Licence but didn't do so and it lapsed.
On the PPA - watch and see.
Overall you get a D-minus (D being for Disingenuous).
'But I see you still cannot resist an attempt to talk all things up'
And you can't resist talking all things down - however hard you try to give the appearance of being objective - the underlying message is always the same
Indeed, then and now show distinct differences. And mostly for the better. Changes in personnel have been made and hopefully they go on to achieve great things ahead. No doubt we will disagree on the relative speed these good things ahead will take place at.
But I see you still cannot resist an attempt to talk all things up - suggesting the PPA outcome will be surprising with the implicit assumption this will be highly beneficial to Tlou. The PPA still has months of negotiation left imo; no doubt you think more in terms of days and weeks. Happy for a friendly fiver wager on time frame!
On personnel - again your implicit assumption is they will quickly change their respective landscapes and this will advantage Tlou/CBM. These are mostly parastatals - and Govt coffers have been badly bruised by covid and will take time to replenish.
Let’s wait and see how and where Govt /BDC / etc deploys it’s investment funds ahead. Maybe with a PPA the Govt will exercise their right to 15% interest in Tlou. I am expecting a raft of announcements on such investment decisions relatively soon - by soon, I mean before the PPA is negotiated. Fancy another friendly fiver?
Thanks MM.
I've been in touch with TLOU and was pleased to hear that the Hydrogen link is nothing more than a lucrative option that will be researched whilst the main target is still grid connection which I find pleasing.
Also the contract awards for the TL, the PPA and financing are all moving along nicely if somewhat slower than hoped.
Hey Thornback
I think Donks will soon see how far the country has moved on.
Morning MM, could you elaborate on this sentence please..?
Meanwhile the PPA is very close to conclusion and I bet you will be surprised by the outcome.
Regards
Donks, Yes the possibility of state capture by the previous regime could well have played a part.
However the overhaul under the Masisi Presidency has been deep and ongoing. Consider the positions relevant to us:
The new President himself
New Minister at the MMGE, along with a new Permanent Secretary.
New head of BERA. New CEO of the BPC. Our largest shareholder, the BPOPF, has a new CEO who has specifically detailed an infrastructure fund for Botswana while name checking electricity generation and transmission.
That's pretty comprehensive and, as you know, these things take time.
The Minister has given express support to CBM and specifically Tlou themselves. Meanwhile the PPA is very close to conclusion and I bet you will be surprised by the outcome.
Meanwhile the delays cannot be blamed on the company, though their messaging may have been slow and their supporters over optimistic in the past.
Anyway, that was then and this is now......
This board sure does attract a load of guys with psychic powers - with ability to think and speak for others. Unbelievable.
MM - previous President made Bots a closed country over time. He sought to control civil service, ministries, Ministers and Govt to extent they stopped working in any effective capacity. Khama’s control enabled him and cronies to have fingers in every pie - and since he couldn’t get a finger in CBM pie, he made sure it went nowhere for years and years.
Current Pres Masisi and good guys in BDP are trying to take back control, but that process takes time. Because he is trying to get an effective Govt working again, I got excited about Tlou’s potentially finally.
What I got wrong is that it will take a lot longer than many here are prepared to admit.
The current PPA negotiations are an acid test (for me anyways). Without meaningful support from Ministry and Govt, the private sector is not going to get involved in CBM in Botswana since there is too much history of ‘talking the talk but not walking the walk’.
All my opinion of course. I know any management team worth their salt will look to talk up their strategy and opportunity. Tlou simply started this a few years too early - and it simply irritates me they continue in the same vain, as if we all are so easily made believe. Well Smith is, but then there is always one ...
I agree with some if not all of your observations Appi.
My take on moagi is that he is playing the percentage game - most AIM start-ups fail eventually - so he expects TLOU to fail.
Against all the evidence to the contrary (I'm not going to repeat all the positives) he cannot say how TLOU will fail , but he knows the odds are in his favour. He slams everything he can think of so he can say he was right all along if any one of them transpires. Civil war, wrong sort of methane, inferior sites that KE foisted on us, 66Kv too low, stupid directors , the list is endless!
I restrict myself to the nucleus of a business in a country that is reputed to have a really stable constitution. TG is never going to criticise the Govt whilst they might still fund us for the indefinite future. Burning bridges would be ridiculous while a perfect working partnership is possible. Lefoko is young enough to be in post for long enough to see TLOU becoming viable and I kid myself the Govt will be softer on the cost of the finance that hard-nosed financiers who are in it for money and not much else! Tlou and the Govt dream of exporting power eventually, with both sides benefitting financially and in kudos from neighbours.
The board is regularly criticed unfairly and are sitting ducks on here! Far from Stockholm Syndrome , I react to bully boys who take advantage of mallards!
In the meantime , I won't believe 10 + 11 = 5 unless someone proves it to me! And the mood on bulletin boards do influence the share price! Why do people want news if they are don't intend to act upon it?
MM - Moagi isn't interested in truthful answers to serious questions. He's only here to gaslight Brad as the abusive partner in their dysfunctional relationship. In turn Brad's Stockholm syndrome doesn't allow him to walk away. Other than that he just spends his free time berating everyone else for not being as clever as he is - unless he's agreeing with his other accounts of course.
Throwing the dregs into the rubbish bin is easier and a bonus , Zippy.
The 2 uncrossing trades of 3.05p were the lowest trades of the day ,outside the spread of 3.15 and 3.3 , and the biggest trade was 3.24
The system kept the top of the spread at 3.3 all day long - which made all but the 3.24p trades a sell.
I know it is the low price and narrow spread that contributes to the problem but there has to be a better formula!
Logically why would sells vary such a lot within a few hours and still be credible sells? A primary school kiddy can see that!
Its easy to use the filter.
Ok Donks, in the interest of full and frank disclosure I'll bite.
You are always, confidently, alluding to the 'difficulties' of getting business done in Botswana and archly refer to politics.
Care to detail?
On and on and on and on and on ..... he endlessly drones. It doesn’t matter who the poster is, old or new, all that matters is Smith gets an opportunity to exercise his digits on his keyboard responding.
JackalOz - I am invested here. Have been for quite some time, hence my interest. I knew the ramp in 2017 was pure hype orchestrated by a bunch of total muppets. I waited until I felt Tlou was ready for me to invest - sadly it seems I front ran that by quite some time. But no matter, I have to wait now.
Why do I critique the company ? Because not one word posted on these message boards will make a blind bit of difference to what the share will do. What will happen is not influenced by the likes of Smith, MM, me or anyone else here. Only muppets think they are influencers here.
It would be nice to have polite, intelligent conversations about the stock, including why it is struggling to get going. But that has no chance coz small-minded people struggle with negativity so they prefer to insult those with opposite views to theirs. So be it.
Jackal, you forgot to tell us something of interest about TLOU.
Reading your history, I see the London Stock Exchange is mickey mouse!
Why did we join AIM? X knows why, but TG did not apply to join the FTSE 100 :O)
At least AIMS comes without stamp duty so we get a few extra shares for our money.
Jackal, you forgot to tell us something of interest about TLOU.
Reading your history, I see the London Stock Exchange is mickey mouse!
Why did we join AIM? X knows why, but TG did not apply to join the FTSE 100 :O)
At least AIMS comes without stamp duty so we get a few extra shares for our money.
Yes. I know. To me the conversation is all dribble. Also does anyone here understand the difference between English and American options? And why, if you had any idea, would you want to exercise them so early??
drivel