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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 !
Thanks again Brad for coming off-filter and clearing up all our confusion. The history lesson on Sekaname was as always informative although the original post was about Hydrogen.
Good man HB. Finally acknowledgement that i know what i am talking about. Much appreciated pal.
There’s no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the World Economic Forum.
The global Hydrogen Council it has advanced into now represents the entire value chain of hydrogen, which is Planet Earth’s most abundant element, as well as being renewable and non-polluting. “We need to embrace hydrogen as a global
energy solution now more than ever,” is what is being stated by this council, amid hydrogen development taking place left,
right and centre across Asia, Europe, the Americas and to a lesser but moderately advancing extent in Africa.
“The energy transition is happening faster than many people (including me!) dared
hope,” Microsoft luminary Bill Gates stated in an article this month, after visiting a Texas company in which the platinum group metals-promoting and South Africa-linked venture capital company, AP Ventures, is associated.
Please share how you feel Brad has credibility here HB. I mean he has been posting here for years - he is accepted for his informative and relevant posts or because you all are just to nice to tell him otherwise ,,,,,,,
I guess this is a free pass .
Thanks for letting us know Brad. Very helpful.
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!!
Well copper is the metal of the moment for sure, at $10,000 per lb. And pozzolan in and around $100. So is hardly surprising his focus (assuming your post is correct) is on copper project. There is a huge amount of exploration and development projects in Africa chasing metals for the green transition.
Not what we want to hear for Sunrise progress. We can be a willing Seller, but to complete the deal, we need a willing Buyer and therein lies the probelm i guess.
Https://www.miningweekly.com/article/zambia-seeks-power-imports-for-key-mining-sector-2024-04-23
I wonder where Zambia thinks it is going to find freely available power on SAPP in industrial type quantities......
This all just adds to complete farcical nature of constraints imposed by Govts and Ministries supporting power generation in southern africa region. It should just be so simple. But isnt.
KAV has a pretty huge land mass under PLs in Botswana. And each PL requires minimum spend under the terms of the licenses - so dont be surprised if they try sell them on, before having to give them up.
A VIRTUAL CERTAINTY that didnt happen - but i guess that is everybody else's fault except Saint Tony. He must be really lucky to always have a ready made excuse.
So no longer on filter. Another not surprise. Keep up the good work - talking yourself in ridiculous and childish circles.
Better still, contact the company to ask about the 169m shares, and then when they explain everything to you and ask you for how many shares you want to subscribe for - don't be surprised if it all goes silent at the other end. Maybe you can enlist Clooless to help place the shares; he seems to think everything is easy as well.
Match made in heaven.
PS - the more you keep posting your twaddle, the more ammo you give me to blast you back. Which stops anyone wanting to post anything remotely approaching common sense relating to Tlou. Will you ever learn .... or is it just so important you listen to your own fantasy musings....
Back on filter I guess will be your next post.
The reason for the options back then was to make shareholders think they were getting an extra freebie as enticement to subscribe in the underlying placement. For somebody so smart, you sure dont have much clue how fund raising in the market works.
As for who gets to play God - seriously! The man with money that, as a result of their own due diligence, decides to subscribe for shares is where any decision is made. Are you sure you actually live on planet Earth ?!
BPOPF 7.75% for USD; Doc is 10% for A$ - maybe the point is securing debt is easy when you are happy to pay debt at any price.
The Times headline today: "Mounting pressure on the £6.5 trillion private equity industry raises the risk of a crunch that could cause big losses for banks and a crisis that spills over into the real economy, the Bank of England has warned.
Regulators are stepping up scrutiny of the private equity market amid worries that sharp rises in interest rates in the past two years are creating problems for an industry that is heavily reliant on debt."
Come on Brad - tell us how high interest and huge dilution is TG being parsimonious again.
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.
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.
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.
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.
Then I guess had you known this at point of time investing SafeTr you would not have put your money in. But you did - and I further guess this just makes you feel better ranting regularly about how this did not work out as you had intended back in the day. Tough tittie I guess - suck it up. Like the rest of us.
II am curious Investing Genius as to the logic behind your post that upcoming elections / President Masisi / De Beers negotiations would in any way affect the current prospects of BOD ?
So that filter didnt last long.
What do you think Brad - is achieving 55 per cent placement of available shares, after 4 months effort, deemed to be easy? Deemed to be a success? Come on - spin this one in your own indomitable style so that Saint TG comes out smelling of roses.