Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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."