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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.
Bots it was 2b shares the other day .. where have the other 800m share gone .. still not sure why you feel the need to spout your negative rhetoric .. all that Tlou have or haven’t done is there to be seen by those that choose to look .. You remind me of an 80’s band Mental as anything .. were you the lead singer?
Great, well done - you are in profit. After how many years?
With the share price down near its trading lows, hope the settings on your calculator are correct.
Constant drivel Bots (yeah I forgot to put the fiter back on last time) I onlt mention the 1m because they are in profit. I have 3 other accounts with shares on ASX and LSE but I haven't said how many they are or whether they are in profit or not! They cost and are worth a penny or two over £25k though chum! Those £300 or £500 monthly top ups for frequent trader discounts mount up - but 1+1 is still i2 so you'll never understand.
Why did the Doc not participate in the placing? Has that reason now disappeared? And cloth head why is the 20th relevant when it is the 30th that is the deadline. Do you ever get anything right?
Free - can we expect Doc to subscribe for the 169m shares on or before 20th April ?
With a company that has 1.2 billion or more shares in issue, why oh why do we have to listen to this constant drivel about Brad's 1 million shares that cost him the princely sum of 25,000 quid progressively invested over the last 150 years.... So much space taken up by matters of incredible irrelevance. Almost as irrelevant as my negative comments. It all just doesnt matter.
Wake up everybody. Tlou are about to connect to the GRID and sell electrons to Botswana Power Company. They are going to run up an ever increasing debtor balance with a Govt backed parastatal that is basically insolvent. Dont worry, after spending 15 years to develop the best looking coals in the world, the decision makers have decreed that Tlou can prove the concept by selling 2MW and hopefully 10MW, any everything thereafter will just be hunky dorey!!
We are all going to be rich, RICH I say. Jump in; get on board; mortgage the house; mortgage the wife; invest the inheritance - this is such an incredible good thing. TG is the man to make this happen! GG used to be a Permanent Secretary in Govt serving Cabinet, he is a real mover and shaker with the power to lobby those in the corridors of power in Govt. We are in such good hands; how can it possibly go wrong !!
Oh, i got carried away. It went wrong about 10 years ago - but most here missed that. Doh
I agree this makes more sense
Brad I very much doubt if the entitlement shares will be offered to PI‘s .. it would be expensive to do that now! They may well be talking to some so called sophisticated investors ..
For dummy sells and buys of 6k shares.
Bearing up quite well considering the 1.8p being asked for the 169M placing.
"Connection to Serowe substation achieved, Lesedi no longer isolated from primary Botswana electricity market" - does that not mean the substation is ready? Especially after the following bullet point ...
" Lesedi substation which will connect Tlou's power generators to the transmission line now approximately 38% complete" which was back on February 23rd?
As I said at the time, If Serowe is complete then resources will not be split between the two sites so progress could speed up with only Lesedi getting 100% of manpower and kit. Installing the generators at Lesedi is possibly more of a task than installing switching gear at Serowe - but that is what the 38% referred to I suppose.
I still think of buildings for a substation - but they are presumably just secure areas with high railings lie we see in the UK? But the generators will have some sort of protection? anybody know?
Always look on the bright side of life?
They're connected but need to finish the substations.
AIM is to get power into the grid by mid year once they've closed on the 6/7 million AUD they still need
Connected to the grid meaning Tlou Energy are earning revenue. Poles and wires are all up and connected, so only substations left which should complete by June - August.
Building the solar side is great, but just having an infrastructure in place and being the first IPP through CBM in Botswana is huge alone. I'm more confident than ever with the recent news, I only see upward trajectory from here onwards.
I just think Solar and additional initiatives is just an extra added boost.
The minute even just a small trickle of electricity hits SAPP, then the proof of concept is proven. This in turn will change the whole fortune of the company (Potential takeovers, new investors, increase of revenue by increasing MWs and infrastructure).
I thought we were already connected according to the TLOU tweet a few weeks back literally saying that they are now connected to the grid.
You would like to think that the company will pushing as hard as possible for this. Not only will be the start of the new beginning. But it also be the driver for the future of the company in many ways . Access to finance, developing the gas field and building the solar side to name but a few … could be exciting times a head
We could definitely see a surge in share price this year if we connect to grid.
I would say we connect to grid definitely this year. In terms of serious movement I probably would agree with Old that by the end of 2025 sky is the limit.
It's definitely looking a lot positive here.
I like to take the average of extremes. The co has said we're still on target for generation by the end of this year, and old says end of 2025. I'll say Q2 2025 (hoping for sooner).
As one of the longest holders here, my best guess is before the end of 2025. How soon before then depends on so many factors it would be silly to guess. However, it is much less of a gamble now than it was a year ago. But still not for'widows and orphans'!!
What date do you think it will be?
Hi Brad, I posted this a few days ago.
Hi Brad, your "Was 169m extra shares second favourite to funding with cash and interest?" could be a good shout mate.
I believe the company are considering offers of debt financing but the terms need to be right.
There's a chance they may not be offered at all.
Topped up for frequent trader as usual.
Has anybody got news if we can apply for shares form the 169M pot?