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Not been on for a while. Renovating me bungalow. I see the paid influencer is still with us. Still stopping up until 05:00 trying to find a morsel of news nobody else has found to give his ego the rush it needs to survive. Pretty sad life really.
Can anyone tell if Tlou got funding in Botswana? The last I heard BOTS didn’t think it was possible. LOL LOL
I recall reading on here that the Bots Civil Servants Pension Fund eventually agreed to raise their holding to some 16%.
Hopefully we can get to production without another raise but if I am wrong, I would be inclined to combine it with a Share Capital Reconstruction (at least 10 for 1)
Morning Olda, without checking their holdings your 16% and my 34% for the Doc miraculously reaches 50% NOT 51% majority. Is that coincidence or by design?
It would explain why the Doc abstained from the placing , and the number of excess shares that the Fund took from the 169M that were available in January? If I am right , it shows the goodwill between TG , the Fund and the Doc and the faith everybody but one has in TG's leadership.
I am thankful to TG for keeping TLOU alive all these years. I honestly believe there are very few CEOs in the world who would not been panicked into taking fatal decisions and absolute lies.
We are on very happily course to achieve the original plan of CBM power at Serowe.
But just think - if it his plans did not mature as they have - we may have been producing a pipeline to Orapa , we might have had Crypto plants at Lesedi, or we might have found an alternative to Synergen Met if they did not achieve their dreams and a budding Hydrogen business could be underway by now? A very low % of that perhaps but full marks for putting us in a low risk partnership for TLOU if S.M. had produce their lance on time!
And if all those were impracticable we might be supplying Solar power to Serowe.
It does not stop there - the assets , the gas and the demand for power in Botswana , would have had some value to an established power producer surely? I have doubts because there has not been any talk of a hostile takeover despite the value of TLOU being laughable at less than 2p! Botswana was a good choice perhaps - maybe Africa is not the biggest lure forthe big boys or they don't read pigeon english newspapers from Gaberone??
Yesterday I saw my doctor at her surgery to discuss my black-outs at Cherries last home game whilst queing to leave the ground after the match, and opening the back door at home when I could not get my helmet off. Each time I went from a seated position to standing (postural hypotension) for which I am on steroids.
Without the steroids , I was severely dizzy, surroundings spinning, resulting in 4 broken ribs on new years eve!
Since the steroids no dizzy spells until those two faints or black-outs!
Without any warning of an impending attack, the doctor told me she was obliged to stop me driving immediately and she had to inform DVLA!
The alternative was hospital , and I would become their responsibility! The hospital agreed with my doctor after an ECG and blood tests. They doubled my steroids and I am ordered off the roads until I last 6 months without fainting. They trust me to tell DVLA so the ball is my court. I live on the outskirts of the conurbation so transport is important. There is a handy bus to Wimborne or Poole every half hour so this is going to add years to my age if I use one of those shopping trolleys. Football season will be underway by 9th November - a 10 mile+ journey by motorbike and further by public transport - adding hours to the travel time there a
Just to help ensure you are using correct numbers Brad:
Total shares in current issue - 1,270,133,251;
Doc shares under ILC - 357,142,856 = 28.118 per cent;
BPOPF shares now - 208,521,092 = 16.417 per cent;
So presently short of 50% - although conversion of their convertible notes would issue approx 400m more shares based on my maths - 160m to the Doc and 240m to BPOPF.
On that approx basis, the %s would change to approx 31% for the Doc and 27.75% for BPOPF = 57.75%.
I am wondering what waivers both parties will have sought / or the various Stock Exchanges will have given so that niether party were required to make a formal offer to acquire minority shareholder stakes.
For once, you raise an interesting point - but unknowingly. 1.670m shares potentially in issue ie fully diluted less approx 1.0 billion owned by Doc / BPOPF. Leaving 670m owned by management and other minorities - assuming the majority shareholders have Zero interest to particularly protect minority shareholders, and assuming there actually is a viable sustainable and successful business opportunity here ahead, they could consider tabling a bid to take out Minority shareholders - at what price I wonder....
Now there is an interesting topic to debate.
Free challenged me previously on the issue of TG having lost control of the company. Well, he has 66m shares = 5% ownership (important number - but definitely not controlling). Admittedly he may have management control, but for sure he does not have economic interest control.
Feel free to clarify here for us all Free - thanks.
Clooless - really is time you started trying to get clued up mate. And stop making an endless fool of yourself.