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Non tradables in today .
Looks like I did not take up same 11th November 2022.
They are paying 10% Apr on a loan .
I added 9/2/22 at 2.1p. ( also today's price )
No real discount,
Coal mining disliked by G7 .
Not sure this like GCM have much future.
Coal mining? Shiitt! I've been investing in the wrong Tlou!
Thankyou JustScott.
looks like they are not into coal .
Whizzer .. TG is still only drawing 50% of his salary and has brought 9m shares in the offer approx $330, 000 AUD .. Does that sound like somebody running a lifestyle company .. no I didn’t think so .. I think that shows commitment and real money investment to boot! Very few other AIM CEO’s would do that .. methinks
And what gas rates are expected, are we going to generate 1mw of electricity or more? How much money do we get per month? In what time scale will we hope to get to 10mw?
I don’t give a stuff about what Gilby takes, the fact that these pretty basic questions still haven’t been answered when we are so close to generating an income is ridiculous, they are asking for shareholders support without giving them all the necessary information they need to make a properly informed decision based on facts that should be known by everyone by now! But no gilby just keeps everyone in the dark! So no my money won’t be helping him! Still can’t keep to a timeline he sets either so I expect further slippage to q3 next year as well!!!
Whizzer …have you read the offer document?
Here’s an extract
Drilling campaign, gas flow rates and impact on economics
A new drilling campaign is underway, aiming to utilize improved drilling methods to increase the existing gas flow rates and hence, improve project economics. Each new pod (starting with Lesedi 6) is planned to consist of three wells: one vertical production well intersected by two lateral wells that are drilled for a distance of about seven hundred metres each.
The Lesedi 4 pod has been operating for 3 years. The Company has identified blockages where water has accumulated in the low points of the lateral wells, restricting the amount of gas able to be accessed. Tlou has assessed the length of the lateral wells that is contributing to the gas flow in Lesedi 4 and intends to deploy improved methods to drill straighter lateral wells (starting with Lesedi 6) and in this way, aims to reduce water accumulations that can restrict gas flow.
The new drilling campaign that Tlou is embarking on will comprise a series of production wells from which the initial goal is to generate at least 2MW of electricity in aggregate. The number of wells required will depend on the gas flow rate achieved from the new wells.
1
How quickly they can up scale the power plant will obviously be dependent on funds available. Here’s the thing, this will take considerable capital to set up. But once achieved, production will be for decades not years with minimum running costs. Although it will need constant wells drilling to satisfy the expansion and running of the power plant. Make no bones this a big project … but there is a market for whatever power you can produced and will be for the forceable future!
No I hadn’t seen that info winni but I’ll still not be taking part but all the best to you though.
Whizzer : didn't put that up to get you to take part .. thats totally up to you
It was more to show you there is info out there.. the offer document is on their website in the report section. If you read it, you’ll have a better idea of what’s going.. rather than moaning about the lack of information out there .. all the best to you !
Bought half the number of large entitlement ( D ) for lesser 1.9p went strait through 10.25 am.
Had just logged on for day, chart shows coincided with day low .
Option to by more then entitlement ( Wi )
Just tried sell at best offer with my main broker and they only offered 1.83p
Not prepared to duck 0.17p per share to raise the capital for the rights issue at 2p
So it looks like I will be relying on IG for my placings. I might apply for a few using my own money but I cannot justify drawing out savings to do so. If TLOU had given us some warning I could have sold when the going was good and taken all my quota - but then the sp would have dropped sooner than it did and stopped some from applying for their fair shares.
My first Tlou share purchase was done at 8p per share back in 2016.. one would think that the closer they came to first revenues the price would rise due to the de risking etc .. But not on the AIM it does the opposite.. will never understand this ! I know dilution plays it’s part but still .. this share price shouldn’t be this low ? Or should it?
BradSmith you are selling some at 1.83 to raise funds to buy rights at 2 ?
Winni, I think the only answer to your question is 'yes, if it is this low, then it should be this low'. What I mean is, all of the many factors that would go into an irreversible rise have not yet materialized. I would also say that when it was 17p, it shouldn't have been that high. I'm not certain if that was the result of a concerted pump and dump, or just people buying into Tidd's hype, but we were probably nowhere near justifying that price back then. Just my thoughts.
I agree that the 17p price wasn’t realistic considering where it was and what needed to be done.. And yes the ducks haven’t aligned yet .. so I guess we are where we are because we haven’t proven anything yet …other than there is gas ( but how much and at what pressure) and we have got the poles and wires being installed … so all to play for going forward the future could and should be bright especially if they get the funds for on the offer in full..
The answer is no , Ripley.
I am not selling any at that price. I have already sold enough at 2.1p and 2p on my IG account to raise enough cash to take my full entitlements on LSE and ASX and a few more on each account.
I am willing to sell at a fraction below 2p, 1.98p+ perhaps, to take up my new shares on LSE at that broker. I am reticent to do what I suggested , i.e. enter a sell over more than one day so my trade can figure in the end of day auction. It could work well , but also risks part-fills of hardly any shares on each day ,with commission payable on each day.
I might buy a few for my ISA seeing there is no commission charged. Spending the £5.95 commission saved adds almost 300 new shares to any rights issued shares.
Not only has Jarvis left it too late for me to sell some shares at a profit , but I see they need written confirmation of my requirements by 2nd June.
So time restrictions at both ends of the candle. Two buys at 1.98p and 2p this morning give me the slightest hope of retrieving the situation and there is still just enough time for me to test the auction this evening.
Best offer was 1.9p , and on best offer it is instant take it or leave it.
Limit bid allows up to 90 days expiry date so tomorrow will be in time for 2nd June by email, but not snail mail.
Topped up in ISA 1.598p.
Not to much chat here.
1.49p today down 10%
Dropped to 1.35p on 8/9/23, 15/9/23 and again 2/10/23.
Rights in Australia on 15th December 2023 .
Another Completion of Private Placement 6th October 2023 .
Both they claim at a premium to Australia price .
This site shows up 9.5% with 9% spread .
Main broker has it up 14% to 2.39p
Now above the last 4 buy tranches ( 1 in ISA )
12/2/24 share dropped back to 1.37p near the October 2023 low of 1.35p from the 28/12/23 1.49p.
Spread of over 19% here is why it appeared to drop from the 11 month high last Friday 22nd March.
Until we start seeing hundreds as the number of trades - the closing price us not very relevant.
We want the trend to be up of course - but don't be disappointed if it drops.
I can promise you there will be many idiots out there who'll sell toa aa fraction of 1p profit , will apply for more shares than the sold forthe same money, will get fewer or none at all that they want, and will drop out or pay more than they received afterv the placing is complete? So many miss the bigger picture and view a bigoted picture that was always tripe!
Thanks TB .... your approval is worth a lot to me. As was MM's of course. And half a dozen other posters on here.
I wonder why Tony went to the markets with AIM at such a high price? It was doomed from the start.
Was he so demoralised that the approaching delivery date would not bring an inevitable rise?
For him Catch 22 was no funding , no rise and price rise , excellent fundraising prospects.
He bought some more shares for his family group in a vain attempt to bolster confidence.
The Doc was presumably asked to keep his holding well below 51% , and his absence presumably worried the Pension fund who benefitted from his presence/presents along with a high number of small shareholders.
Hopefully the moronic shareholders will not drive the price to below 1.8p and 3.5c? For me that is the only risk! And we gave seen it happen too many times before!
You are right Brad. All the other clueless shareholders are wrong and you are right. Only you and a couple of regulars here see the bigger picture. I feel your pain; it must be very frustrating for you all.