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Thornback, that is why my head spins. I imagine a bank being a shareholder in a business that has borrowed money from the bank. If the bank has executive rights it could theoretical make lousy decisions on policy so that the company fails and the bank is forced into foreclosing on the loans and then take over the company which was security for the loan?
It could be done in good faith - there could be a world-wide epidemic for instance - but the bank would gain a company instead of being a shareholder?
I cannot see how insider trading would apply - but why should I worry - we have a CEO who is well equipped to make a good match I think.
Some good bullet points Brad and my sentiments exactly on the "front runners" and what they bring to the table.
However BPOFP are THE majority shareholder so I don't understand how it wouldn't be legal to be involed, after all they already are..!
BPOPF have a vested interest in Tlou as amajor shareholder. My head spins when I try to think through the pros and cons of them funding us! The more beneficial their financing, the bigger the profits for Tlou and up go BPOPF assets!
The more they screw out of us the lower the profit and down goes their asset!
Would it be legal for them to get involved? Until BDC declare themselves out of the running I think they must be our best choice if the terms are sensible. Them helping us, helps the Govt, but the circle is not quite so obvious.
Our Nigerian friend however is from a religion that forbids the charging of interest so he is locked into an inverted pyramid - make a profit , reinvest it in another company or expand an existing one.
Afro bank does not fit the description of the investor - so I am not expecting them to be a partner. Being based in Botswana does not compute for them. TG will get us us a good deal but who and when I don't know. BDC is well versed in TLOU's activity and is the my idea of the favourite.
There is a feel good factor due to the advances in Covid vaccines - that is key to when I reckon! What people have expected for the past 2 years completely baffles me. This is tantalisingly close to be being tantalisingly close for me. 2021 look to be a memorable year.
Public finances and BPOPF are not the same Mr Moagi. Your black cloud tone is becoming tiresome so you're filtered.
This is an interesting excerpt from the article. And I'm not saying it will happen, it could be purely coincidental but it would be a good fit IMO.
"“We are thinking of all types, from roads to others. A company can come to partner for electricity, transmission of the electricity, roads, water and others"
BPOPF looks pretty healthy to me mrmoagi.
https://www.mmegi.bw/index.php?aid=87307&dir=2020/october/09
TB - there is absolutely nothing healthy about the state of public finances in Botswana, particularly the Govt and the majority of its parastatals. Most are on life support for funding from Govt. You should expect they are talking a lot about the need for PPPs to step in and help finance much of the long needed public infrastructure. And once the parastatals like Water Board and BPC sort out much of the internal strife and problems, then a Maggie Thatcher style privatisation program will be rolled out.
However give that 3-5 years minimum for BPC to get there.
All IMVHO, of course
BPOPF will be fully au fait with the cause of the drop in value of their shares, namely the painfully drawn out process of working with the Botswana government, so I would think they will see the current value of their investment as no concern and also have no concerns about investing further in whatever form
BPOPF IMO.
They have a very healthy infrastructure fund to invest in Botswanahe and TLOU has a very good relationship with them.
I believe they are regularly made aware of the progress TLOU is making and are very supportive.
AIMVHO
'a very reputable Botswana based entity.'.......................Tlou's Managing Director, Mr Tony Gilby commented, "We already have a great relationship with this group"
Any ideas the identity of this group? I initially thought the Government Pension Fund, but I don't think given the performance of their investment to date it would qualify as having a great relationship!
Poor old you Mike.
You were still wrong to misquote my words, and then use that misquote to accuse me of misleading.
Strongly advise that you go away, and then go away some more.
MM if you cut a simple sentence down any more it would read "overwhelming shareholders"!
"This is an outstanding project and with the right partners we believe it can be an overwhelming success both for Botswana and our shareholders." , the actual quote, does not read quite the same. You are partly responsible for the anti-TG brigade on here - Whizzer will be quoting you forever and a day if this does not progress as you have published.
This is not Govt because Lefoko has already done due diligence on their behalf - and how long did that take into Eric's and Lefoko's reigns? How long is it going to take to find a qualified surveyor to give the investors the thumbs up?
I hesitated to say that in case it undermines Tlou plans to get Govt backing and there is nothing like competition to wake up potential bidders. I'm trying to remember whether your Nigerian said he was setting up office in Botswana, if not it would seemingly rule him out as the investor. That was exciting news but you have never followed it up on here.
I achieved my frequent trader status if anybody is interested ...... so IG use GMT date when counting numbers of trades in a month - not a lot of people know that! They do now ! to loosely quote Michael Cane and Kenneth Wolstenholme.
MM, I've been holding here since around 2016 (Been that long I've lost track) so I'm not going to "go away". Trust me, I want to believe that this will suddenly turn around, but having been kicked in the face by this share more times than I care to remember, I'm simply pointing out to other investors that what you said was taken out of context.
I think you're reply to me was pretty rude and I'm not going to continue this thread.
GLA
Well I am happy to be overwhelmed after the long wait.
Things falling in to place and looking good.
BPOPF?
MM, your post is somewhat out of context. The full text reads as follows:
Tlou's Managing Director, Mr Tony Gilby commented, "We already have a great relationship with this group and look forward to working closely with them to get the process concluded successfully and as soon as possible. This is an outstanding project and with the right partners we believe it can be an overwhelming success both for Botswana and our shareholders."
"Can be" not "Is" an overwhelming success
I'm not saying this won't be an overwhelming success, but please don't try to spin the information. Its misleading.
DYOR
'overwhelming success...for shareholders'
Bear in mind that that statement was OKed by our NomAd
In a nutshell
'overwhelming success...for shareholders'