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I have experienced difficulties on Iphone just lately and rebooted it. I saw Bots last post - not read it though! - and checked my laptop was still filtering him. And he was???
Mobile defaults to no filters if you are not logged in so if you reboot please ensure you login poste-haste on LSE to reactivate filters!! I avoid Iphone afaic , cannot navigate as easily as Windows with a mouse!!! Explains how my filter lets me down so often I guess.
Donkey reads all my posts and comments on most - albeit in a totally irrelevant manner and nonsensical way!
Now why is that?
And why am I not interested in anything he has to say?? That is self evident - he posts a handful of reasons every day ..... my bet is there wil be a RNS next month saying the Stephen Hemsley group has increased its shareholding precentage beyond one of the thresholds. When did Donkey ever predict anything as precise as that?
And that RNS (other UK investors may also qualify - the time is right ) will boost the sp to 3p .....
Please do not tell me Donkey spotted my mistake on where the subset of 169M shares was going. Whenever I make a mistake and own up to it he has never spotted them in advance! I even gave him the "crackpot" word to prompt his reply! I bet his missed it!
He could have taught me something 0/10!
If the UK sophisticates idea is right they will get 4/11 plus addition shares (if TLOU barred them) so possibly a 50% increase in their already significant holdings (5.5/11 for Donkey)
Not often a prediction can be checked so quickly. I might remember making this one.
DTE - agreed. And we have not needed more gas until now because we could not do much with it.
I am talking rubbish about being a crackpot!
Thinking about it , the ASX and BSE shareholders WILL HAVE RECEIVED ALL THEIR ADDITIONAL SHARES automatically.
SO it was only people like me - living in the UK and applied for 4/11 and extra shares - but disqualified from applying.
If I had not cancelled my order I'd get every share I budgetted for from those 169M!!
TG is superb - if you'd all followed my advice and let your application run we'd be getting those 1.8p shares in a few days.
I'll be fascinated to see how many qualify. Was IG the only broker who allowed us to apply last year? Those sophiscated UK shareholders that fund raised years ago are most likely to have applied directly to the company. It all makes sense now.
Yes - I do have too much time on my hands - but it does keep me away from watching cam models :O) so I might save my eyesight?
You are right Brad - Tlou will be able to dictate a higher price for electricity sold to BPC.
You are right Cloo - On 15 December 2023 Tlou Energy Limited announced an Offer.... for the issue of up to 379,629,948 new shares. The Offer closed on 31 January 2024 with applications for 32,554,360 Offer Shares, raising approximately A$1,139,403. The SUCCESS of this Offer equates to 8.5 per cent . Well Done !
It's all Good now - Tlou are about to become the saviour of cheap power in Botswana and eventually the wider southern africa region. Well done Saint Tony and team; you're the best!! Brad to be voted in as next President please. And Cloo to replace CC and next CFO - he know his stuff!!
I noticed that as well Brad. Suggest to me they are going to now concentrate getting enough wells in the ground to go straight for 10mw
Cheers TB - great news - another TLOU move that is consistent.
I think my logic has worked again - Doc will be excluded - and only non-UK shareholders will get the additional shares they originally applied for i.e. those above 4/11ths back in 2023?
Mainly Pension fund and TLOU directors and a few crackpots who think as I do and wanted to help fund the placing at a loss.
Good morning Brad, yes that's straight from HQ.
Take care mate.
ASX closing price stable at 4.3c (2.25p) - my heroes !
Current LSE quotes FP IG sell/buy 5k shares was 2.025p and 2.08p minutes ago.
Looking at today's RNS, this stood out for me ...
"The initial electricity produced at Lesedi is intended to fulfill the 10 MW Power Purchase Agreement (PPA) with Botswana Power Corporation (BPC), the national power utility. "
INITIAL is the word that stands out!
I thought initially we targetted 2MW , and we were going to build to 10MW for BPC , before continuing to 25MW with BPC commitment signed, sealed and delivered!!!
i.e. TLOU minimal PPA looks to be formality without rose coloured lenses?
If this proves to be meaning it is fantastic news imho. Other markets will provide competitive prices for our 15MW plans , and BPC will have to accept the costs of additional power rather than dictating their idea of the price (if that is true in the first place - the village idiot supports that view so I prefer to think that $12 to $30 per unit provides a price that both sides can accept {if it has not risen to $40 for diesel} ).
TB , I trust you got that from HQ?
My hope is that the DOC will be taken at his word and will be excluded?
Sounds likely because 169M @ 1.8p would be well within his budget I reckon.
So TLOU may be honouring shareholders requests for additional shares (above 4/11 entitlement) which I applied for initially before withdrawing completely because of the confusion over who coud apply. I don't feel hard done by , though TLOU or IG were not on the same wavelength , and both parties had faults?
If , as TB suggests , I wonder if the Doc will prefer a loan @ 8% because it is real money coming home to him! Equity will surely increase with the shareprice and his asset wealth - but to realise that money means he'd need to sell shares which risks dragging the price down (major shareholder selling up headlines!).
The pension fund is known to have applied for additional shares , as did I , but how many more will deliberately have participated at a loss? They deserve to profit from the 1.8p price now. Shame that UK addresses were excluded though.
It really is all about The gas :::::: the more gas the more options open up ……. Unless your Bots when it all about anything other than success
Thanks Thorn
Hi clue, I believe they have a number of shareholders looking for various amounts which they are looking to place before the end of the month. The company will not issue the full 169m as they are looking at debt funding as well.
All moving along nicely.....
Agreed Winne. Disappointing not to see anything regarding the placement of remaining shares, maybe TG is seeing if BOTS wants to make another prediction after his first and only ever prediction was horribly wrong.
I just love that he added from sources inside Botswana hahahahaha
"In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
BOTS 28th Feb 2024
Bodes well for the future:
Tlou is confident that with the in-house knowledge gained from previous drilling efforts, extracting more and more gas out of the coal reservoir will become progressively simpler and more cost effective due to economies of scale.
8 Mar 2024 10:05 Alliance News
IN BRIEF: Tlou Energy income rises in first half; loss narrows
Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - In the first half of the year ending June 30, interest income rises to AUD11,383, or GBP5,894 from AUD6,351 the year before. Pretax loss narrows to AUD1.8 million from AUD2.2 million a year ago. Managing Director Tony Gilby says: "The company has made excellent progress over recent months, and we are getting very close to first revenue. Having direct access to the power grid opens up our gas field to a huge market. It has taken hard work and significant investment over many years to get to this point, and we look forward to delivering power and earning first revenue for the company as soon as possible."
Https://www.miningweekly.com/article/zambia-seeks-power-imports-for-key-mining-sector-2024-04-23
I wonder where Zambia thinks it is going to find freely available power on SAPP in industrial type quantities......
This all just adds to complete farcical nature of constraints imposed by Govts and Ministries supporting power generation in southern africa region. It should just be so simple. But isnt.
Fyi
"In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
BOTS 28th Feb 2024
A VIRTUAL CERTAINTY that didnt happen - but i guess that is everybody else's fault except Saint Tony. He must be really lucky to always have a ready made excuse.
So no longer on filter. Another not surprise. Keep up the good work - talking yourself in ridiculous and childish circles.
Better still, contact the company to ask about the 169m shares, and then when they explain everything to you and ask you for how many shares you want to subscribe for - don't be surprised if it all goes silent at the other end. Maybe you can enlist Clooless to help place the shares; he seems to think everything is easy as well.
Match made in heaven.
PS - the more you keep posting your twaddle, the more ammo you give me to blast you back. Which stops anyone wanting to post anything remotely approaching common sense relating to Tlou. Will you ever learn .... or is it just so important you listen to your own fantasy musings....
Back on filter I guess will be your next post.
Why oh why did I think you might have agreed with me?
Should have known you'd be the same effingidiot you have always been.
How do you misconstrue ABSOLUTELY EVERYTHING?
TG did not makes us think we would be gifted those option - IT WAS A VIRTUAL CERTAINTY that the price would rise from over 5p within 2 years!!!
Brilliant reward for backing our company!
How many pandemics are we likely to see in the 21st Century - the lockdown lasted the whole 2 years - what were the chances of that? TG to his credit must have realised that placing was not a formality and dangled a carrot for the Donkey and his tiny minority of sceptics on here. World recession from that point and higher interest rates returning all contributed to placings being low on TLOU priority list for many of us.
Give Donkey an inch and the idiot takes a light year - so up himself.
TG read the market well - can you not see that Donkey? It was a brilliant option at the right time - give him credit ffs!!!!! Nobody else on here thinks those options were catch out people like me on the hop - maybe he was opening the door to further similar options - Covid killed them as well!!! The Doc entered stage right because he appreciates TG - that is why he owns most shares in TLOU and you my friend have SFA in your wallet or in your skull or in your portfolio that is worth talking about?
I should not have introduced your doubts about management! Green looks better than the reply from the smallest IQ in the country! Roll on confirmation that 169M will never be issued this time round. Filter is already back on - I was stupid to take it off - you were right there!
The reason for the options back then was to make shareholders think they were getting an extra freebie as enticement to subscribe in the underlying placement. For somebody so smart, you sure dont have much clue how fund raising in the market works.
As for who gets to play God - seriously! The man with money that, as a result of their own due diligence, decides to subscribe for shares is where any decision is made. Are you sure you actually live on planet Earth ?!
I considered contacting TLOU for the first time ever to see if I could get some 1.8p bargains. I have relied on news from MinorMiner? (MM !) and Thornback rather than bombarding the main office with queries with similar questions.
I am hoping the 169M are not going to be issued because that is compatible with the lack of news on what is going on.
Whoever decided that shareholders should not be fully aware of what they are entitled to apply for during April falls into Donkey's description of the board! I'd support a vote of confidence because we should be certain of what is going on.
Tlou shafted us on the 2 year options at 4.4p when the price had been 5p+
That was purely down to lockdown and TLOU and us came out of it disappointed but blameless.
The latest undersubscribed placing which was too expensive for anybody through December and January to have justified buying. Not for the first time , the pension fund paid the price having paid 11p years ago and 3.5c this time when the sp on the open market was already lower or about to dive to much lower levels.
I was willing to take a loss along with the pension fund but the Doc was too pragmatic to join in! The TLOU news made it clear to me that I could not participate because my shares are registered to my address in the UK!
But IG in London or Sydney or both made me believe I was entitled to participate when I was offered shares!!! I applied and asked for additional shares confident I would get every share I applied for!
I plagued this chatroom with ways to fund TLOU at limited cost by selling existing shares on the open market to pay those 3.5c or 1.8p prices one ASX ot LSE at a loss!!!
There were question marks about when I should fund my account and then I was able to recover most of my losses to date so I grabbed that opportunity and backed out of the offer entirely.
Since February the market price changed has been considerably higher than 3.5c and 1.8p and the placing is now very appealing to anybody with half a brain or more.
Who is going to play GOD and decide who gets these bargains?????
The 2 year option entitlements at 4.4p could be used to provide us all with a sutable proportion of those 169M bargains - that is what I'd have done if I was in charge.
Not entitled back in the 4.4p days? Then NONE of the 169M.
Otherwise your 4/11 entitlement from December and your 4.4p options entitlement can be used to calculate an entitlement (percentage) of 169M or a brand new target?
That would be fair on sharehoders and restore the good will that was definitely intended back in the day!
I wonder what predictions he is making now, or has he stopped after he got burnt bad on this one (it's been his only one)
"In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
BOTS 28th Feb 2024
One post is as good as two Donks
This message has been filtered, please adjust your filters to view
This message has been filtered, please adjust your filters to view
BPOPF 7.75% for USD; Doc is 10% for A$ - maybe the point is securing debt is easy when you are happy to pay debt at any price.
The Times headline today: "Mounting pressure on the £6.5 trillion private equity industry raises the risk of a crunch that could cause big losses for banks and a crisis that spills over into the real economy, the Bank of England has warned.
Regulators are stepping up scrutiny of the private equity market amid worries that sharp rises in interest rates in the past two years are creating problems for an industry that is heavily reliant on debt."
Come on Brad - tell us how high interest and huge dilution is TG being parsimonious again.
Sweet jaysus, he wonders what i posted - because he doesnt want to read my posts. Then posts that pile of absolute shoite saying what i think, know, and rubbishes everything i say (which he hasnt read) and then posts what he knows by way of reply.
FFS Brad catch yourself on. Cease and desist - i feel like you are stalking me now.
I wonder what carp our green poster has now dragged up on Tidds and GG?
Another example of his reverse criticism? How often has he said I live inthe past and need to move on? And he finds Tidds newsworthy 10 years after he walked away from this board when TLOU was on a different mission entirely?
As for GG , is he another in a line of black Botswanans he says are stupid, lazy and bent because Donkey imitates a rascist whilst supporting Ian Kharma , mixed race with a white mother?
They all struggle with the English language as a second language (Eric, Lefoko , Massisi and GG) but I understand their English better than their native language for sure! Imho Eric and Lefoko were/are always pro-TLOU! With sceptics doubting TG's claims without any evidence , they had to listen to their counterparts or risk their careers. The underlying truth was they wanted TLOU to succeed and Sekaname's presence hindered us without a shadow of doubt. Until they surfaced TLOU's progress was seemingly superb! Hence the RFP clause not being challenged on the entry process? That put us back back many years and introduced belt and braces approaches after the laissez faire initial period!!! And a share price of 8p - 10p!
Mutual trust evaporated. A very sad event and then unexpected dewatering delays added doubts before Covid put TLOU's future in doubt. TG kept us in one piece throughout and GG may have been invaluable during lockdown? Single handedly managing a telephone to Australia/Ireland and everything in Botswna?
GG does not support TLOU as much as the other directors moneywise (i.e. failed to accept salary decreases (was he invited to?) and does not put his hand in his pocket at placings either (Is he allowed to?) ) but ,during the pandemic , TG gave him much credit for his presence in Bots during lockdown. I got the impression GG kept things rolling so perhaps his increased workload justified his full salary whilst the others were hamstrung? Perhaps GG helped to get us where we are today with the pension fund and the Govt and BPC?
If Donkey is critical then GG is almost certainly a hero!