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HB your posts are a bit confusing - and encourage me to view the green posts to put it all in context.
One day Donks is going to gave to accept he has been a plonker for years and TG has been whiter than white the whole time. And the Govt has not been that terrible and Sekaname are a joke! Like TLOU's future - it is a question of time - and Sekaname will find a way to fail imho! KE/Sekaname failed at Selemo , sold it to TLOU and they turned it into a success! I'll always believe that they sold a coal mine and TLOU bought a CBM electricity plant! TLOU accepted royalties were payable and once Selemo jad proved the concept in a matter of months, they moved to royalty-free Lesedi. I have never known whether we should have expanded Selemo into the first power plant for the Grid (instead of producing local electricity to save TLOU's cost of diesel for diesel generators). Paying 12% (sale of gas) or 3% (sale of electricity) royalties and going live pre-Covid might have been the best route before switching to Lesedi? But if we went the gas cannister and lorries route where would we have ended up?
Will we ever know? We might have been supplying gas to Orapa from Mamba and/or Selemo.
That may still be on the cards once the TX line #2 is being installed in a few years time.
Good man HB. Finally acknowledgement that i know what i am talking about. Much appreciated pal.
Oh credible one
Yep, transition is important, as is the conversion of methane (natural release is a big issue) to less harmful. Don't kid yourself that the demand for natural gas will fall off cliff edge. Not that you'd want that, being invested, oh credible so 😉
There’s no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the World Economic Forum.
The global Hydrogen Council it has advanced into now represents the entire value chain of hydrogen, which is Planet Earth’s most abundant element, as well as being renewable and non-polluting. “We need to embrace hydrogen as a global
energy solution now more than ever,” is what is being stated by this council, amid hydrogen development taking place left,
right and centre across Asia, Europe, the Americas and to a lesser but moderately advancing extent in Africa.
“The energy transition is happening faster than many people (including me!) dared
hope,” Microsoft luminary Bill Gates stated in an article this month, after visiting a Texas company in which the platinum group metals-promoting and South Africa-linked venture capital company, AP Ventures, is associated.
If I'm too nice, guilty as charged. No denying, Brad's position is also more aligned with mine.
If you're old enough you might remember Big Daddy vs Giant Haystacks, and that kind of explains the difference... not much, but a lot.
Please share how you feel Brad has credibility here HB. I mean he has been posting here for years - he is accepted for his informative and relevant posts or because you all are just to nice to tell him otherwise ,,,,,,,
I guess this is a free pass .
Brad, you need either to forget about donk or accept him. Forget and don't comment, or accept and comment wisely and concisely. No need for rambling speculation; if you're posting just to wind him up, you're sinking to the same level with an agenda that taints your credibility.
Think about the value of your comments before you post. Often ti es, less is more.
Thanks for letting us know Brad. Very helpful.
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