Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks for sharing Thornback!
...about three weeks away. Bound to be interesting and , no doubt, understated as is Tony's usual style. With the wires all connected and the substation possibly working, it may be possible to run a test, but I may be jumping the gun on the substation! Confirmation of the cash situation is also necessary. If there are no holdups, it may be possible to plot a date next year when we could start producing electricity.
Tighter spreads are less volatile so maybe good news.
Thanks for passing it on TB
Omg I was right again! I always thought Orapa were just looking to convert their dual fuel generators from diesel to gas (CBM) so a pipeline was required!
My hope was that Orapa would spend some gold to install the pipeline to Mamba , leaving TLOU to get the gas to fill the pipe? Brilliant business for TLOU if Mamba follows Selemo on the dewatering front.
Yet again TG has been consistent throughout - my opinion was purely based on what he said years ago. And ,as you know, he is innocent until proved guilty in my tiny brain!
The Doc and Pension fund believe in him too from the evidence of the last few years.
Thanks for that TB, a positive, fact based post. It's all about the gas.
Hi all, I've had some Info back from the Company.
The Earth mat changes will allow for 20MW and the Company is still looking at potentially selling Gas to Orapa.
It appears Orapa have a preference for Gas as they would like to utilise their Gas Turbines. The company has said (not for the first time) that a Project separate from Lesedi, further north and with a pipeline direct to Orapa is still a viable option.
For once we agree.
Hard to attack Clooless though; he never says anything
I think this thread has been lacking in grown up on both sides. Entertaining for a while, but not much value other than failed attempts at point scoring, and getting tedious.
Lol grown up response as ever.. How do you feel about that fact that there are probably babies out there who are smarter than you!
Gee, reading between the filtered posts is quite simple, Reading the filtered ones is known to be hard to believe.
I was interested to see Winnis list of risks for AIMS investors and of course it is TRUE!
But what the sensible guys (and dolls) also know is more relevant!
Does anybody but Donks really think TG was oblivious to the risks?
Not only did he consider the risks were worth taking before he risked £28M of his own money in TLOUfor starters but he welcomed Africa and Botswana in preference to his native country where he had succeeded twice in making billions!
Was he foolish? His bank manager would laugh at anyone whi thinks he is?
No matter where he went in the world for project #3 - he'd have had the misfortune of Covid to contend with. The RPF was likely to have been more straightforward but that is not a certainty! He has kept our heads above water and water in a desert was possibly the last thing he expected in abundance? I believe paddling has turned into sitting on a lifeboat now! TLOU is the exception to the rule for AIMS companies. Some blue chips started on AIM and this is going to be another.
There is woman called Yasmin on Jeremy Kyle who is brilliant.
She is a witchand is telling the women of the world to clear out all their underwear when they change partners! Reminders of previous boyfriends must go to have a fresh start!
Storm Huntley said underwear is expensive! Yasmin said some women don't wear knickers so they don't cost anything. So funny!
Better than talking about the village idiot.
Pot kettle black
booooooooooooooooring !
When does the pump and dump start?
Talk about gratitude, teach you how a simple bond works and you start gobbing off! After complaining about me just gobbing off at you a week or so ago.. Yet since then and prior to you haven't added anything interesting (granted you tried and were completely wrong hahahaaha)
Time to hang up the keyboard or is it Time to make another username (will be your 3rd or 4th?)
Chirpy chirpy cheep cheep. Tlou really does know how to attract 'characters'.
While we have you, was it you that said this less than a month before the BPOPF trebled their holding in the company? "In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
Sorry if you think I am a bit grumpy, I'm not.. I am just laughing at how you promised Brad a teach in but don't even know how a simple bond works xD hahahaha.. I am not going anywhere princess :)
Mr noisy and grumpy this morning again. All fur coat and no knickers. Buzz off fella.
What you want me to write an investment thesis for you? Do your own work lazy SOB.... Maybe start with the basics how to read a balance sheet... Never seen anyone get so many things as wrong as you looool adding the interest to the final principal to when it's a semi annual bond.. clueless mong hahahaha!
Wow genius. .....they will be able to have a look at more debt financing options. You call that an answer.
You are a waste of space
I think once they reach first power and revenues are coming in they will be able to have a look at more debt financing options, at the same time hopefully they start to see some economies of scale.... At this price I like the risk reward..
Now your turn, how did you get the Botswana financing so wrong.. given yoy are the expert here? I answered you, surely you can't not answer me... You have already shown how little you know with the below so can't do much more damage..
Why dont you take some time to explain what you think will happen - then we can see who was right in the fullness of time.
Bet you dont though.
LOOOOL! BOTS you actually tried to do something useful but still failed... not a clue honestly..
a) why you adding the interest to be converted to shares? Do you know how a bond works? I assume you didn't see any interest expense in the cash flow statement... But that is because its capitalised for the first 18 months (I am giving you the teach in now!)
b) you didn't need to fail completely at trying to work out how many shares will be issued on the back back of the note should it be converted... You just simply read the RNS - "Should BPOPF decide to convert the Note, the Company will issue a maximum of 115,772,900 ordinary shares in the Company. All other terms in relation to the Note remain unchanged. " 2nd March 2022 last line
As winni says time to hang up the keyboard you tried to add something useful and got it wrong... Even though the information is stated lol
Donkey .. i didn't say you didn't understand ......i said that you felt that most on here didn't understand and therefore you have made it your life's work to spread that message...
Being as you think the font of all knowledge and everything Botswana people should and would have been gratefully for this info.. The fact that most if not all weren't / aren't, has been such a disappointment. This has meant you have become more obsessed as time has gone by............. and the closer they get to first revenues the less you can claim will fail...Is it not time to hang your keyboard up and go off and play bowls or whatever . .....spring just might have sprung and summer is on the way!
By the way Tidds or whatever his name was didn't influence me ...i was told about Tlou by someone who worked in the city and did the research myself and have invested accordingly ever since! and if it does fail the only person i can blame will be me!
Just for you Brad. 2 parts to this - A$2m and A$3m loans provided by the Doc dated May 2023 and November 2023; interest 10% convertible to equity at 3.5 cents. The earlier loan extended to same end date as Nov loan (so 3.5 years and 3 years respect). If flat rate interest per annum, adding that to capital = works out about 195m shares to be issued; more if interested is compounded quarterly.
BPOPF conv note US$5m extended January 2022 - 7.75% interest for 5 years. US$5m = at 1.5 fx rate = A$ 7.5m at 7.75 percent interest for 3 years (will end up longer) = another A$1.75m interest added to capital. A$ 9.25m convertible to equity at 6 cents is 155m shares to be issued. Details in note 14 of 2023 Annual Report.
Shares in issue now (after recent BPOPF money) is 1.254m plus 195m + 155m = 1.6 BILLION that we know are going to be in issue (because Tlou will NOT generate enough cash flow in next 2 years to repay the interest - is my assumption).
There will be more shares issued - to scale up Operations. Hopefully at higher price,5 cents would be reasonable guess.
Before you know it, 2 billion shares will be issued. And I was laughed at when saying it would be 1 billion in due course.
Your right Winni; I know nothing about RISK. Idiot !
I feel I have to apologise to a few people. There was I thinking I was helping a few intelligent people understand some of the problems and complexities of Tlou. And now in recent posts I find those supposed intelligent people dont understand the importance of balance sheets or how to interpret them. And then (incredibly) I am being accused (after so many years) of not understanding the risks of start up investing, AIM, relevance of dilution and tht Tlou could FAIL.
Well - i wonder what I was warning about then over such a long period of time. There was an absolute joker back in the day, Tidd83, who blew smoke up everyone's A S S, until of course his narrative fell apart. He was the Tlou EXPERT; the creator of the Unofficial Site of Hsite; yada yada... And Winni and Brad and Clueless (who wasnt called Clueless then) all bought the dream. HOOK LINE SINKER. Except .........
And here we are today; Winni saying AIM is risky, Tlou could fail, there will be ups and downs, Donkey fails to understand dilution,
Man, in john mcenroe immortal words - ARE YOU SERIOUS
Throughout all the years of Donkeys negative Donkeys . He has failed to understand that most if not all that have invested here are aware of :
A) The risks involved with investing in a start up
B) Investing on the AIM
C). Investing in a company trying to establish a new industry in an African country.
D) That dilution will be the name of the game until the company is establish and is producing
E) There will be many ups and downs to enjoy/ suffer
F) It could totally fail
The Aim is littered with failures ..but there are some indications that help along the way .. And for me Tlou has had a quite a few .. So here’s hoping !