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Mr noisy and grumpy this morning again. All fur coat and no knickers. Buzz off fella.
What you want me to write an investment thesis for you? Do your own work lazy SOB.... Maybe start with the basics how to read a balance sheet... Never seen anyone get so many things as wrong as you looool adding the interest to the final principal to when it's a semi annual bond.. clueless mong hahahaha!
Wow genius. .....they will be able to have a look at more debt financing options. You call that an answer.
You are a waste of space
I think once they reach first power and revenues are coming in they will be able to have a look at more debt financing options, at the same time hopefully they start to see some economies of scale.... At this price I like the risk reward..
Now your turn, how did you get the Botswana financing so wrong.. given yoy are the expert here? I answered you, surely you can't not answer me... You have already shown how little you know with the below so can't do much more damage..
Why dont you take some time to explain what you think will happen - then we can see who was right in the fullness of time.
Bet you dont though.
LOOOOL! BOTS you actually tried to do something useful but still failed... not a clue honestly..
a) why you adding the interest to be converted to shares? Do you know how a bond works? I assume you didn't see any interest expense in the cash flow statement... But that is because its capitalised for the first 18 months (I am giving you the teach in now!)
b) you didn't need to fail completely at trying to work out how many shares will be issued on the back back of the note should it be converted... You just simply read the RNS - "Should BPOPF decide to convert the Note, the Company will issue a maximum of 115,772,900 ordinary shares in the Company. All other terms in relation to the Note remain unchanged. " 2nd March 2022 last line
As winni says time to hang up the keyboard you tried to add something useful and got it wrong... Even though the information is stated lol
Donkey .. i didn't say you didn't understand ......i said that you felt that most on here didn't understand and therefore you have made it your life's work to spread that message...
Being as you think the font of all knowledge and everything Botswana people should and would have been gratefully for this info.. The fact that most if not all weren't / aren't, has been such a disappointment. This has meant you have become more obsessed as time has gone by............. and the closer they get to first revenues the less you can claim will fail...Is it not time to hang your keyboard up and go off and play bowls or whatever . .....spring just might have sprung and summer is on the way!
By the way Tidds or whatever his name was didn't influence me ...i was told about Tlou by someone who worked in the city and did the research myself and have invested accordingly ever since! and if it does fail the only person i can blame will be me!
Just for you Brad. 2 parts to this - A$2m and A$3m loans provided by the Doc dated May 2023 and November 2023; interest 10% convertible to equity at 3.5 cents. The earlier loan extended to same end date as Nov loan (so 3.5 years and 3 years respect). If flat rate interest per annum, adding that to capital = works out about 195m shares to be issued; more if interested is compounded quarterly.
BPOPF conv note US$5m extended January 2022 - 7.75% interest for 5 years. US$5m = at 1.5 fx rate = A$ 7.5m at 7.75 percent interest for 3 years (will end up longer) = another A$1.75m interest added to capital. A$ 9.25m convertible to equity at 6 cents is 155m shares to be issued. Details in note 14 of 2023 Annual Report.
Shares in issue now (after recent BPOPF money) is 1.254m plus 195m + 155m = 1.6 BILLION that we know are going to be in issue (because Tlou will NOT generate enough cash flow in next 2 years to repay the interest - is my assumption).
There will be more shares issued - to scale up Operations. Hopefully at higher price,5 cents would be reasonable guess.
Before you know it, 2 billion shares will be issued. And I was laughed at when saying it would be 1 billion in due course.
Your right Winni; I know nothing about RISK. Idiot !
I feel I have to apologise to a few people. There was I thinking I was helping a few intelligent people understand some of the problems and complexities of Tlou. And now in recent posts I find those supposed intelligent people dont understand the importance of balance sheets or how to interpret them. And then (incredibly) I am being accused (after so many years) of not understanding the risks of start up investing, AIM, relevance of dilution and tht Tlou could FAIL.
Well - i wonder what I was warning about then over such a long period of time. There was an absolute joker back in the day, Tidd83, who blew smoke up everyone's A S S, until of course his narrative fell apart. He was the Tlou EXPERT; the creator of the Unofficial Site of Hsite; yada yada... And Winni and Brad and Clueless (who wasnt called Clueless then) all bought the dream. HOOK LINE SINKER. Except .........
And here we are today; Winni saying AIM is risky, Tlou could fail, there will be ups and downs, Donkey fails to understand dilution,
Man, in john mcenroe immortal words - ARE YOU SERIOUS
Throughout all the years of Donkeys negative Donkeys . He has failed to understand that most if not all that have invested here are aware of :
A) The risks involved with investing in a start up
B) Investing on the AIM
C). Investing in a company trying to establish a new industry in an African country.
D) That dilution will be the name of the game until the company is establish and is producing
E) There will be many ups and downs to enjoy/ suffer
F) It could totally fail
The Aim is littered with failures ..but there are some indications that help along the way .. And for me Tlou has had a quite a few .. So here’s hoping !
Lol bit creepy, why is your first thought in the morning how I slept.
Anyway back to the topic at hand
1) So you don't have any reference to where you answered my questions several times, on how you got it so wrong as to how hard it would be for the company to get funding from investors in Botswana! I thought you had knowledge on the ground? Or is it in fact you don't have a clue....
2) So I didn't miss anything useful in your last post? Was just full of drivel as per? Thanks for keeping this one shorter, try and drop the drivel though...
3) How is teaching yourself how to read a balance sheet to give Brad his teach in? When can we expect it? Or as always was it just unsubstantiaed BS and there will be no teach in as you yourself don't have a clue...
Hope you slept well Clooless
Zooombie, zooombie eh eh eh eh in your ......
Also it wasn't a question but apparently you have answered my question which wasn't a question several times, god you are thick hahahaha
HB I'm not actually expecting him to answer, he won't (as basically admitting he doesn'thave a clue).. I like to remind him what he said though and will continue to do so after every post he makes
Apologies if I missed an answer several times please point me in the direction of the post you answered it? I wont hold my breath
It wasnt a question. And it was answered several times. Aimless and clooless
Got to be fair, clueless, I think you need to be moving on from that question. If you haven't had an answer by now, it ain't gonna happen.
I'm asking questions babes, was it you that said this back in Feb one month prior to the BPOF trebling their holding? "In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange". Its a reasonable comment but you got it so wrong and I am asking why? And why were you the only one to get it so wrong?
I'm only asking as you tried to show how you were such an oracle of everything about Botswana because you knew (I assume, as you didn't answer your own question) what countries boarder Botswana.. So someone who thinks so highly of themselves I would have thought yoy would have been the last one to get it wrong, but you were the first and only one..
Also you say I have nothing to add what useful snippets did I miss skimming through your last long boring post... enlighten me
brad - i will humour you and show you how to calculate the very difficult maths on equity issued arising from conversion. in a day or 2 when i have time. but your post concerns me on a number of other points.
you were a director of a plc yet you dont know how to read a balance sheet. perhaps this explains why you think dilution is unimportant.
you put your faith in your accountant thereafter - do you think your super hero tg puts all his faith in his accountant.
of course when i present my sums on note conversion to equity you wont give this any credibility. you have already decided i know jack s, and you know everything about everything.....
and just to prove this point - you are sooooooo locked on 20th, when everyone else knows 2 is close to 3 on the keyboard.
clueless - will tell you again, i said back in 2023 what if the doc and bpopf did not subscribe to the then rights issue. they didnt. i think it was a more than reasonable comment to suggest that raising money from them thereafter might be difficult. you, like your dad, seem to have bi-polar or add traits - or is this really the very best you can find with any of my high quality posts ...... i mean man, have you anything to say here - or are you just a sad heckler sitting up on the balcony chirping like a ****** .....
I steer clear of balance sheets since my days as director of my my own plc.
I generated the content and never understood my own figures by the time my accountant had turned them into accountant's speak!
The first thing I wanted to do was to buy my car from myself.
My bank manager said he could not advance the money to my company because it had no assets for security on the loan. Understood!
He said a personal loan to me was a formality.
He agreed to me repaying the loan from my plc bank account.
It went ahead - mission accomplished I thought.
Some time later, loan paid off, I part exchanged my car for a new car.
My accountant prepared my accounts, with me thinking my company owned my original car having paid off the loan for me.
But no - my company apparently owed me the part exchange value of the car???
I will never understand it, partly because I did not want to. If the tax man queried it, I wanted to be able to truthfully tell him I did not comprehend it and my accountant needed to explain it to him.
Accounts went through fine so I put my faith in my accountant thereafter.
Anyway, I have never challenged Donk's claims on what these convertible notes would mean in terms of dilution and his claim of 2Bn shares, Today I thought I would change that!
It was too complicated for me - just deciding whether a number is GBP, USD or AUD does my head in, always has! And then I see the Doc has a fixed price of 3.5 cents (AUD) - simples?
But elsewhere that price is up to 6 cents (USD or AUD?) or 10% below the prevailing weighted average of the sp and I am lost! Weighted averages I am fine with, we used them all the time at BP Finance. But what happens to the 3.5c? The documents are in unreadable columns which makes it even harder.
I know how stupid Donks is on the simplest facts, just this week, 20th April invented for a factual 30th April close , and how additional shares to an earlier placing from the pension fund was not a wonderful result for him?
I cannot think there ia a snowballs chance in hell that his arithmetic on convertible notes are remotely right?
Here is you chance to shine Donk! Explain the numbers in plain English for me showing the currency in question. You have never defended yourself on any issue in a decade so I do not expect a positive response here. The filter is back in place but if you succeed in this mission I think the gasps from other shareholders will tell me I need to unfilter your posts and I'll have some numbers to crunch (in all senses ofthe word) because they are 100% certain to be massively wrong imho.
Was it BOTs that said funding from parties in Botswana would be tough to raise, less than a month before Botswana Officers Pension Fund trebled their holding?
That's almost... almost a fair comment, donk, but not quite. I'll leave you to filling the gaps.
Come on HB. If you are going to rag me for worthless posts, then please do the same for others.
It is April , and Donks is the April Fool, not for a day but all 366 - a giant leap for an ass.
I was asked to fund my credit card by my bank because I passed 90% of my credit limit!
The card does not have a sort code and account - just a 16 digit card number and I wasted hours trying to fund it! I was at the point of ringing them to sort it out when I found the option to increase the credit limit online. Took milliseconds to enter a new limit and it was done there and then! Sorted. Why didn't they suggest that to start with? PC is over the top nowadays. Years ago they'd write to tell you they had automatically raised the credit limit. An automatic house insurance from last year was unexpected. Luckily it was competitive so I got away without cancelling automatics which I usually do at the beginning.
Current spread for fixed quote on 6k shares - 2.16p and to buy 2.492p mid-point 2.326 tiny rise if is holds.
Funny how one minute Donks is always going on about the bottom line - and when I say my average is 2.2996p and we reach 2.3p or more - it becomes a source of derision for him. And he wonders why we don't take him seriously?
Donk, there is ZERO value in that post other than gobbing off.
You are gobber-off-in-chief.
Boring.