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Lol HB the guy is nothing but hot air, will say it again... How can someone be so full of themselves (claiming they are the messiah of Botswana) and be completely wrong all the time loooool.. Bet he claims he has been so wrong constantly because he loves the attention
Logically we should all sell our shares at 2.1p+ or 4.3c on ASX in order to buy back at 1.8p and 3.5c.
Imho that will be disaster for most of us.
1. We want sell many at the above sp because buyers will want the April 2nd prices for their money.
2. April 2nd looks absolutely certain to be oversubscribed at 1.8p or 3.5c - bargain prices!
3. Many are going to end up with fewer shares and money that won't buy back the ones they dumped?
My advice is to hold what you have (close your flies! guys) and apply for 1.8p shares with new money.
I hesitate to send this because it might increase the oversubscription level and reduce my chances of getting my required shares. However it means I won't be digging into my savings as deeply which is welcome. And if the sp on the open market holds up it will be a happy April.
I made a perfectly reasonably assertion at the time of the fund raise that if the 2 main shareholders did not support it, then problems lay ahead. BPOPF didn't support it at that time and because they didn't support it, the Doc took the view he wasn't going to support it (at that time). Now that BPOPF have committed, let's see if the Doc comes in or adopts a further wait and see approach (they are going to need more money no doubt to scale up). HB - you really are not much of a strategist, are you ,,,,,,,
Wind it in, lol, you loaded both your barrels with your lights out / s*** show comments. So now you switch to your blunderbuster so you at least hit something.
I think you can safely say that the gas is not going to be a problem.. You can bet your bottom dollar that the Pension fund would require proper proof of this before committing a relatively large sum of capital into the project after first buying in at 11p and sitting f on a considerable loss currently
HB - wind it in. I said that raising money from the Doc and BPOPF was not a foregone certainty at the time of the rights issue last year. And what if they did not pony up. Reading today's news, my immediate reaction is the Doc (being the largest shareholder) wanted to wait and see what stance BPOPF took to putting in more money. Now, since they have put in further BWP50m, i expect he will subscribe for a decent chunk of the balance 169m shortfall shares still available. Love t that Free was right out the blocks letting us know the great news - he seems to have a front row seat to goings on.......
And all exactly as donk predicted... not.
Great news, send a great message that BPOPF still support the project. I think TLOU still need about 6 / 7 AUD million to get to first revenue though. Maybe the Dr can stump up now as he's been diluted.
Totally changes the Risk/Reward equation. Time now for our truculent Tony to tell us just how good the readings are. I have waited well over a decade as have many others. Can see 10p plus within a few weeks/
Yes. That's the one we've been waiting for. Great news !!
Yes, really pleased with this and the fact that the BPOPF have increased their holding.
Well done to the TLOU Team.
This is Tlou’s most significant RNS to date. All coming together now.
Good work getting more cash out of the in country pension fund! Wonder what change their minds … The fact that they were getting them at a discounted rate rather than paying above the share price as before! There are still shares available under the offer so may be somebody else will pick them up at this discounted rate ….
➢ Placement of Entitlement Offer shortfall shares has raised approximately A$6.2m (BWP55m or £3.2m) before costs
➢ Botswana Public Officers Pension Fund (BPOPF) have increased their shareholding to 16.63%
➢ Funds received will be used to advance the Lesedi power project towards first power generation
The President of Botswana is speaking about the issue re elephants and co-existence on this FB link. Note, since LSE will not let the link to be shown for you all to read, insert in long form FBdotcom
https://www.FBdotcom/ThePatriotOnSunday/videos/masisi-defends-hunting-quotas-for-elephants-in-botswana-adamant-that-it-is-a-man/775602897494778/?mibextid=KsPBc6
Ok so they are trying to block the link, so cryptically you will need to first type the long form of FBdotcom and then forward slash and then groups and then forward slash
the ***** are:
********************
https://www.********************1145692022921667/permalink/1609147146576150/?mibextid=k35xfp
following this guy on facebook can be quite entertaining
Yes the ASX is holding back a bit...Funding is the key to the next push....... hopefully ... once connected the expansion could be interesting up to the 25mw.. As i'm sure the market across the region would buy it... at a more favourable rate than Botswana, as there is an abundant need for power. Obviously capital will be required to do all of this .. But I am sure that TG didn't just want to produce 2mw and then call it a day. To much time, energy and capital has gone into this project just to settle for small pickings ..IMHO
This talk about elephants is getting a bit heavy.
The filtered one remains filtered but has more to say about jumbo than the price , hopefully , leavig 2p in its wake.
4.2c is lagging behind 2.3p on LSE but 2.172p is Volumesnot that far.
Volumes dropped back to almost single digits so we need news of what funding is going to cost in interest or dilution for next big moves either way. I'm hoping for a bridging loan to production date but we'll see.
Likewise not trying to change anyone's position on this, but my objections to trophy hunting are,
i) It's killing for nothing more than the pleasure and self indulgence of the act. I'd laugh in the face of any such hunter who said population control was anything to do with why they were there.
ii) The idea that correcting the problem of too many humans by reducing wild animal population is just exacerbating the imbalance. Our efforts to meddle with nature usually end badly.
There are too many of us demanding too much from the planet. And yes, I'm aware I play my own part in this.
Https://films.nationalgeographic.com/into-the-okavango
well worth watching
This is a subject we can all agree to disagree. Botswana aparently has 140,000 elephant population that has been protected and thrived under past president regime. Animals will die naturally every year, and the logic is trophy hunting is supposed to generate work and income for locals in the culling of these older animals. As i said, I would be surprised if they can manage this in the way they articulate to the wider public - but for sure, the income it generates for the local communities is important to them.
The moral police located a million miles away find it easy to turn our noses at the prospect of apparent inhuman termination of animals. But maybe for some / many, a bullet is a darned sight better than human suffering we see in our world...... Just thoughts here, not something I would ever try influence anyone over.
Plenty to chew on there, and I tend to agree with the sentiment of much of that post apart from, I am 100% against any form of trophy hunting, it's literally (from my standpoint) immoral. I'm also generally wary of any kind of nature tourism, I don't think it generally ends well - extreme example, The Galapagos Archipelago. Either too much employment and human invasion, or insufficient benefit for local people seem to be the kinds of results.
An interesting subject, though my views are aimed quite generally rather than at specific local history.
If i may, i have strong views on this particular subject.
Botswana is at or near top of safari destinations globally with Okavango Delta jewel in the crown. The area is rightly protected by Batswana and also UNESCO. Safari lodges there are remote, accessible by light aircraft and therefore expensive. Nothing wrong with that at face value. Wilderness Safaris and couple others have the monopoly; they got that monopoly via previous President who claims to be a self-professed conservationist. Nothing wrong with that at face value.
Those lodges need to pay license fees (often thought to be surprisingly low amount given quality etc). A report once said 98% of foreign tourists revenues was paid offshore to lodge owners, with 'observations' made about quantum declared onshore. More 'observations' made about how few jobs were created for local Batswana given high end nature of this business. In short the tourist business there was heavily protected by past president and his family, supported by his ban on trophy hunting etc. His preference being photo-shooting tourism - an entirely understandable position (at face value).
The BUT comes next - how much of lodge revenues (received offshore) were 'shared' with enabling benefactors is something we will never know. The extended family of the founding father of Botswana republic are currently mostly all exiled in S Africa (where that noose is apparently tightening as in they have outstayed their welcome). Their is a widely held view they raped the local economy for 10-15 years until 2019/2020 via rebates on tourism concessions and revenues, military contract awards, mining contract awards and more pertinently lack of license renewals until facilitation fees were paid, etc.
So when Jackas questions the merits of US State articles saying how wonderful the business and human rights frameworks are in Botswana, that makes me chuckle a lot. Batswana folks are largely gentle natured and (sadly) lazy. They becmae soft and lazy thanks to the diamonds dividends and the world jumped on the 'feel good' African story because Africa needed 1 success story. While all this was playing out, the eldest son (unmarried and patron of a young boys football team) and his brothers and cronies waged an incredible state capture of Govt, institutions, civil servants, business, the whole shebang.
Elections are being held in October and Govt is working hard to close any doors to the possibility of the 'old guard' staging a comeback. This effort by the former president to pitch to UK / Europe Govts to ban trophy hunting is entirely self serving and entirely 2-faced. Doing so gives him exposure to international media, something he craves. Local communities increasingly getting more revenues from tourism sector; trophy hunting is one such option. This said, I have doubts the current Govt are actually capable of overseeing trophy hunting in a well-structured & sustainable way. Greed is hard to suppre