Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sweet jaysus, he wonders what i posted - because he doesnt want to read my posts. Then posts that pile of absolute shoite saying what i think, know, and rubbishes everything i say (which he hasnt read) and then posts what he knows by way of reply.
FFS Brad catch yourself on. Cease and desist - i feel like you are stalking me now.
I wonder what carp our green poster has now dragged up on Tidds and GG?
Another example of his reverse criticism? How often has he said I live inthe past and need to move on? And he finds Tidds newsworthy 10 years after he walked away from this board when TLOU was on a different mission entirely?
As for GG , is he another in a line of black Botswanans he says are stupid, lazy and bent because Donkey imitates a rascist whilst supporting Ian Kharma , mixed race with a white mother?
They all struggle with the English language as a second language (Eric, Lefoko , Massisi and GG) but I understand their English better than their native language for sure! Imho Eric and Lefoko were/are always pro-TLOU! With sceptics doubting TG's claims without any evidence , they had to listen to their counterparts or risk their careers. The underlying truth was they wanted TLOU to succeed and Sekaname's presence hindered us without a shadow of doubt. Until they surfaced TLOU's progress was seemingly superb! Hence the RFP clause not being challenged on the entry process? That put us back back many years and introduced belt and braces approaches after the laissez faire initial period!!! And a share price of 8p - 10p!
Mutual trust evaporated. A very sad event and then unexpected dewatering delays added doubts before Covid put TLOU's future in doubt. TG kept us in one piece throughout and GG may have been invaluable during lockdown? Single handedly managing a telephone to Australia/Ireland and everything in Botswna?
GG does not support TLOU as much as the other directors moneywise (i.e. failed to accept salary decreases (was he invited to?) and does not put his hand in his pocket at placings either (Is he allowed to?) ) but ,during the pandemic , TG gave him much credit for his presence in Bots during lockdown. I got the impression GG kept things rolling so perhaps his increased workload justified his full salary whilst the others were hamstrung? Perhaps GG helped to get us where we are today with the pension fund and the Govt and BPC?
If Donkey is critical then GG is almost certainly a hero!
Bot’s fancy quoting Tidd’s .. thought you said he was part of the big con and a huge ramper … or is that only when it suits you! Any new industry will need a few people with local cred to help smooth / move things a long! I have no idea if GG helped do this .. But the fact he’s still there suggests he has had some useful input … And a part from the Time scale neither do you! But don’t let any of this get in the way of you trying diss things again
That is one perspective of the contributions of the Board members Brad - and is fair enough. How about this for another.
GG has been on the Board for many years now. I remember one specific post by Tidd on his unofficial site bigging GG up by saying he was the man to deal with local issues. It is hard to see what he has managed to fix or accelerate for Tlou. And turning to Linda, and absolutely not wishing to speak ill of the dead, it is hard for me to see what her key achievements for Tlou were. She did not have any/many shares. She did not have any input into getting CBM added to the energy Integrated Resources Plan. Tlou was already a preferred bidder to the initial Gas to Power 100MW concept tender. Doesnt seem that she or GG had any great ability to accelerate the award and construction of the 100kn transmission line. Or pushing to get the sub-stations built any quicker.
So both had great titles when joining Tlou - GG being Permanent Secretary to Minister of Mines & Energy (I think), and Linda the former Governor of BoB. If they used their influence to accelerate matters and decisions, then that just shows how badly TG and team read the local politics in Botswana.
Everybody is getting very excited about connection to grid happening soon. Fair enough. But please stay true to the long and painful journey to get here; I dont know of anyone that comes out with credit in this journey taking so long to complete.
But nobody is likely to agree with me. But then - I hope none of you think I care.
Well said Winni, the board has been really stable for over a decade - and it took a pandemic to separate the one who left us, bless her.
2 June 2021
Botswana Daily News (Gaborone)
By Pako Lebanna
Gaborone — The University of Botswana (UB) has confirmed the passing away yesterday of its chancellor, former Bank of Botswana (BoB) governor, Ms Linah Mohohlo, 69.
Ms Mohohlo was UB's first woman executive head following in the footsteps of previous chancellors former presidents Sir Ketumile Masire and Dr Festus Mogae as well as current head of state, President Dr Mokgweetsi Masisi.
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In June 2021, it was with great sadness that we announced the passing of the Company’s Non-executive Director, Mrs Linah Mohohlo. Mrs Mohohlo joined the board in 2017 bringing a wealth of knowledge and experience to the board. Our thoughts continue to be with Mrs Mohohlo’s family and friends.
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Why was an obvious powerhouse, Linah, aligned with TG and Co?
The clues have been there for a long time - clear as day! TLOU has always been a hot AIM share! TG does not want his shares to be diluted unless there is no other option! Same for Doc and the pension fund. The pension fund are not relying on the SP rising to pay their pensioners - they want perpetual dividends - and the SP helps heir credit rating, their country and reputations on a personal level.
Surprise surprise I broadly agree with you Winni. In amongst my many critical posts, it is forgotten that I have often asked why are the powers that be in Botswana making it so difficult for the CBM industry to gain acceptance. The gas is found in Botswana coals and belongs to Botswana; generating power from CBM is globally established and understood; so why why why does Govt / Ministry / BPC make it soo incredibly difficult for a local industry that would bring huge economic benefits to the country get established.
Normal profit minded people would think the road opens up beautifully and is hopefully with a downhill slope. The trajectory for many years has been pushing problems always uphill. But Tlou and CBM industry needs the doubters in-country to change their attitudes and get behind the players. I still doubt those doubters have the capacity to change their positions. Sadly.
The wind of change is coming! The years of slow or no activity or progress are behind Tlou! Moving from an exploration company only to power producer to is close.
Whatever Bots has to say this is a great achievement in its self. I don’t believe for one moment TG or any of the Sophisticated investors and especially the BOPF see this as an opportunity to lose cash in the mid to long term . They will have plenty more information available to them than ordinary PI’s and have shown they believe this opportunity offers good returns or why else would they commit relatively large sums of capital into this company. This together with the fact that board have put in their own cash over the years are a good indication of the future Prosperity going forward.
No business can be built without either dilution or debt it’s how you structure this that is important and how you manage the use of this capital that matters.
Time will tell how profitable it will be and whether it has been worthwhile for all the stakeholders. But I for one am looking forward to ride a head!
Let's deal in FACT.15.12.23 - RI announced for 380m shares;
8.1.24 - RI extended to 31.1.24;
5.2.24 - RI results announced with 33m / 8.5 per cent taken up, meaning 91.5 per cent not taken up;
26.3.24 - shortfall shares 178m / 47 per cent placed meaning now 211m / 55.5 per cent placed;
Balance NOT YET placed - 170m or 45 per cent.
The more the 'pump & dump' brigade post here, the more pathetic they become! So sad; so totally lost and utterly clueless they sound.
Have a good weekend everyone, remember live laugh love! Let's start the weekend off with a laugh
"In short, this current fund raise from sources in Botswana is by no means going to be easy to arrange".
BOTS 28th Feb 2024