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Weird set of trades, 10 within 5 minutes which clearly mopped up the good samaritan's offer of 5.9c (whilst restoring the top end to 8.2c) , and then just before close someone, maybe the same samaritan, took the offer of 6.5c
4 buys of 14082 (56k) and then 2 trades of 50k , nett zero, and another sell of around 6k looks like the same person to me.
He ended up selling 50k @ 6.5c when the sell was less than 6c - is the methodology madness or genius? Seeing the price rise on a sell rather than a buy is unusual imho, but pleasing.
Num Exch. Price Size Type Bid Offer Time Buy Sell ? Buy Ind. Buy Vol. Sell Vol.
11 ASX 0.065 50,000 0.058 0.078 06:56:56 0 50,000 0 73,725 132,176
10 ASX 0.058 5,901 0.058 0.082 03:11:01 0 5,901 0 73,725 82,176
9 ASX 0.058 24,175 0.058 0.082 03:07:40 0 24,175 0 73,725 76,275
8 ASX 0.058 50,000 0.058 0.059 03:07:13 0 50,000 0 73,725 52,100
7 ASX 0.059 13,487 0.058 0.059 03:06:59 13,487 0 0 73,725 2,100
6 ASX 0.059 3,910 0.058 0.059 03:06:53 3,910 0 0 60,238 2,100
5 ASX 0.059 14,082 0.058 0.059 03:06:53 14,082 0 0 56,328 2,100
4 ASX 0.059 14,082 0.058 0.059 03:06:48 14,082 0 0 42,246 2,100
3 ASX 0.058 2,100 0.058 0.059 03:06:43 0 2,100 0 28,164 2,100
2 ASX 0.059 14,082 0.058 0.059 03:06:43 14,082 0 0 28,164 0.00
1 ASX 0.059 14,082 0.058 0.059 03:06:42 14,082 0 0 14,082 0.00
....and has just closed.
TLOU finished at 6.5c on the bid. AIM equivalent is 3.485p - much stronger than Friday's close.
Not a bank holiday on ASX - opened 5.9c to 8.3c - no trades yet but market is only 16 minutes old.
Is it because TV is so lousy elsewhere that Britains Got Talent seems sensationally good?
Loved the 10 year old girl singer - surely gonna be a star - best youngster I have heard ever., and has a lovely disposition for someone with her confidence. Can't remember her name, but that is hardly surprising when my favourite adult was in The World is Not Enough but her name escaped me! Went through the alphabet several times and decided her first name was Angelique - a million miles from Sophie Marceau which I googled before the titles came up. I have googly eyes when I see Sophie perhaps?
If my faith in TLOU is rewarded I don't think we have much time left to buy at 3.09p .
Hopefully, TLOU are in touch with suppliers and fitters of the poles and wires and we'll be able to estimate a delivery date for our power at Serowe.
We'll also need to review the state of the dewatering and the cost of supplying however much power we can, short-term. We'll have to estimate amount, price and delivery date of the power and both sides will be set for the overdue signing of the PPA.
Depending on how many guys are actually in the field , if MM is right and there are some , and where their expertise lies, it sounds too much to expect in a week, so we are looking at June or maybe July? Better than looked possible when the 6 month state of emergency was declared.
Pure guesswork on my part of course - I don't have crystal balls.
There is a doctor on TV saying young children don't pass on coronavirus to each other or adults.
If the kid and adult are standing the virus will usually have to rise a couple of feet - if the adult is sitting and the kid is standing, e.g. teachers, I reckon the teacher is at severe risk?
I have been complaining my eyesight is blurry for several weeks, needing a magnifying glass to read cooking instructions on packages and my nose has to be a few inches from labels on shop shelves! Have wanted to go to the opticians for weeks but could not decide I was an emergency?
Today I used the shower upstairs and saw a pair of specs on a chair I used to climb out of the window to access the roof, ages ago.
The penny dropped, I have using the wrong specs :o)
While i'm off topic, my voice activated recorder overnight has recorded me 69 times.
I haven't thrown myself out of bed since I bought it so good value for £18.
The vast majority of recording are less than a minute, sometimes less than 10 seconds, but are 99% coughing or snoring! I occasionally shout out and Poppy has barked a couple of times - once when there was a mouse in the ceiling (mouse trap got him a few days later - peanut butter proved irristable).
Also the empty void between brads ears could be a good place for all the water from lesedi :)
Unlike brad if they tried the same thing it would pass through without a problem
Whizzer borrowed it to dewax his ears and the drill got stuck on the way from one ear to the other. Hahahaha
The drilling rig is out of commission Justa.
Whizzer borrowed it to dewax his ears and the drill got stuck on the way from one ear to the other.
I don't know how many men are required to operate the rig but I doubt our finances are enough to to cover them during this self-imposed lockdown at TLOU, and they are allowed to travel to Lesedi in the first place.
The signs are that a return to work is not so far away ...
"11th May 2020 By Thobo Motlhoka
With no new case for over a week, and recoveries now outstripping new infections, Botswana may have passed its worst phase of the dreaded Coronavirus. Government this week introduced new regulations to ease the five week long lockdown as the nation looks to return to normal business by the end of May 2020."
Had to look up hinge and bracket. Knew the names but couldn't place tem.
This link contains an interesting quote.
Article is dated 17th May - I think he misheard his advisor who gave him a Chinese whisper "take a look at TLOU" :O)
The President of the business community, Business Botswana, Gobusamang Keebine strongly advises that, the coal to gas project must be expedited so there’s self sufficiency and export potential as finished product. Keebine says in short, Public Private Partnerships (PPPs) and the processing of the country raw material, some of the productions can be undertaken immediately. “The country, not government must identify those areas with potential to turn around quick and these will be dependent on the global value chains of markets, brands and end sales, in short global demand. We need to attract entities/brands such as KOO to setup production plants here to manufacture tomato sauce, tomato purity amongst others; but for this to happen we must see farmers producing tons of tomatoes,” the Business Botswana President strongly advices.
Oh my god I was just going to post something similar! Up 10% on small buys as well. Might have to start ramping now:)
if you can get 10% on 6 trades then expect the first buyer to sell once the climbs stop. think i'll be waiting for the sp to fall back as no clues as to timeline for news...
Should maybe do more moaning. The sp's going up.
You just don’t tell your shareholders your tantalisingly close to securing funding and a ppa then 6 months later you haven’t produced either because your shareholders start to disbelieve anything you or the company say. Then you get people who will say but we’ve had a global virus, which yes would have slowed progress but the funding and ppa should have been signed off way before the virus was known about, going by the bods comments!
Hinge and bracket must be loving this covid. Another excuse for the constant delays and lack of results.
We've got our own drilling rig. Why is it not being used to drill more holes and speed up the dewatering?
About to reveal? Well they are about 6 months late for funding so I don’t think the market will be surprised when that finally comes!
Didn’t think you’d stay away for long! Shame that
Agreed MM, it has crossed my mind that I should sell my ASX shares for over 3p and buy on the FTSE below 3p. I won't because I don't see London catching up with the ASX price, and, as you say, the ASX punters believe in TG and have done for ages. And the Aussies have to trade on ASX as I understand it.
Add in the forecast depression here and the FX rate may favour the ASX price as well.
Perhaps I should take a hit now, while the prices are closeish and sell FTSE and buy ASX :O)
Ease of lockdown day approaches .... fingers crossed the starting blocks are being put in place!
And the spikes will soon be on show?
Whizzer, IMO ASX is being reluctantly dragged down by London. All the while the consistently maintain a c.10% premium to us. I think they 'get' what TG and Co are about to reveal, whereas AIM just frets and moans.
OMG, Donk and Whizzer are so alike!
TLOU say it how it is - it was perfectly true - we were virtually there!
Interim PPA very close with the funding to follow.
The price, volumes and dates were needed for the PPA to be signed imho.
I reckon the volume and price was a little bit tricky because of the fluctuating gas flows but there was a will to get it done - and I'd hope they could have worded the PPA to allow for the range of power we are capable of producing.
And then Covid struck, forcing us to shut down operations to the minimum because funds would run out.
Directors took pay cuts and they got our finances to stretch to 3 quarters (9 month) to keep ASX happy - a serious danger sidelined for a few months.
We have done all we can to secure the PPA , and so have the Govt.
Nobody in their right mind would expect BPC to agree to a deal with us in our current state of lockdown. Dewatering continues at a slower rate but is hopefully improving.
Once lockdown is eased TLOU plan to increase the number of pods to speed up dewatering and to put in the poles and wires, with the full PPA in mind no doubt.
The interim PPA can be completed with the estimated date to complete the poles and wires. The installation of a generator or two will be sooner judging by Selemo.
The state of dewatering is more or less immaterial for the interim PPA because it very existence allows for whatever power we can produce.
THEN AND ONLY THEN can the PPA be signed?
It’s dropping over there a small amount every day at the moment.
For some days now TLOU have been better bid on ASX than AIM.
We closed there at 5.8c bid for 175,000, the AIM equivalent of 3.10p.
Why have we still not secured the interim 2mw ppa? It still has to be signed! This company is a joke. where is the shareholder value because I am not seeing it! It’s just one mess after another. Excuse after poor excuse. Tony needs to do an interview and come clean as to what is happening. What is the hold up now.
Not sure. Hopefully we'll see the final details after regulatory approval.