Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The bit that impressed me - Raised £6million at a 65% premium to the prevailing share price
The bit that didnt -C EO moved to Zimbabwe to lead the business from the front line
I hope we are spared this in future.
So i get scorned and abused for posting about direct and indirect factors affecting or potentially affecting Tlou. And Brad posts endlessly about his ability and inability to subscribe for a Placement that he is not eligible to subscribe for. And /or about the failings of his brokers and their brokerage system and how that fails him - for a Placement that he cannot subscribe for.
And now he is, after how many years telling us about Saint Tony, starting to doubt his 'real life hero' and wishing he had never heard of Tlou Energy.
Well well well well and well ....
hb your link is the press reporting in december that the minister's actions were 'illegal, unreasonable, and/or irrational' by not renewing that company's mining licence. the judge ruling said the minister was to sign and approve the licences within 14 days, ie before 3rd january 2024.
and guess what - he didnt comply. and today, that company filed an application at maun court to hold the minister in contempt. either the minister is trying to deliberately destabilise / defraud / sabotage that company or he is so arrogant / stupid / reckless that he thinks (because he is a cabinet member) he is above the law.
there is a pile of exploration licences sitting on his desk awaiting his signature for renewal. and the pile is just getting higher and higher. the mines & minerals act says that licences renewal application cannot be submitted until within 3 months of expiry. that doesnt give much time to complete the renewal reviews etc, but then its always been that way so why has it become a problem under his leadership?
check tlou's recent news saying that their licences were awaiting renewal - and the reason given for the delay being because of a new computer system. which i would be pretty sure is b*ll*cks, but no matter. i doubt they wanted to publish something that said it was because the minister was a total ******.
"As Govt we encourage competitive returns for the nation and the Investor. This is evidenced by our competitive policies and regulatory framework that allows Investors to enjoy fruits of their labour".
He gave a speech in Abu Dhabi in March 2022 preaching about the merits of Botswana as a mining jurisdiction saying all the wonderful clap-trap we have been sppon fed for many years. And guess what - today he was served notice to explain why he was not in contempt of the Maun Court for not renewing exploration licences as per same Court ruling issued 15th December 2023. Skunk and fishy smell spring to mind, mixed with healthy aroma of BS every time his lips move.
Botswana Mining & Energy is not well served under his purview. He cannot be gone soon enough - which is the expectation anyways. Just dont know by when.
The thing is HB:
everybody invested in Tlou is losing money;
as bored as you are with me pointing out problems in Africa, I am equally as bored reading idiots taking the view 'it will be alright on the night';
I dont get a kick in being right or pointing out how stupid many here sound - never have, never will - that doesnt make me money;
and it would be great if anyone here could engage meaningfully about life and times in Botswana - so far, nobody;
however that isnt stopping you and others complaining - is it?
Personally i think many here need take a harder look at themselves and their thinking. They have MUCH to learn about business, investment and making money. You have fun now !!
And how many times have you posted your same old, same old. Do you think others enjoy reading that....
Nothing to talk about here until this Placement is out of the way. Then the way forward can be better imagined.
And btw, I didn't say it wouldn't be a success. I said it had undue dependence on 2 key parties. And that just because they are heavily invested should mean they will keep topping up. The Doc is now a preferred creditor and could, if he was minded, bring this house of cards tumbling. But the 'investment gurus' here dismiss that simply by posting 'the Doc is onside' and 'in TG and the Doc we trust'. Did someone mention naive ......
PS i got 18 on the test. It was fun though.
Sounds real easy when you say 1moz quickly. And ignore the work and capital necessary to deliver it.
The Doc is going to be a billionaire if he isn't already.
Incredibly naive
Winni - give it a rest and stop being a nkob mate.
Reality - one recent failed rights issue. Right in the midst of the next one for a larger amount - and if it isnt successful, then there is a major problem here.
That - no matter how much you in your infinite wisdom wish to deny it - is a FACT. That you chose to ignore the blatantly obvious RISK now is your choice. But please, stop this pathetic grandstanding !!
There is no good news anywhere currently about diamond mining or diamond pricing. At least none that i have read anywhere. Sorry but it is just really hard to see where BOD can generate the wow factor news /progress that is going to be needed to drive up the share price meaningfully.
AGM likely to just mention the exploration work program ahead - and how 'excited' management believe the opportunity ahead is ..... Hard to get excited on this one
What is the purpose of the A$13m cash call then?
The announcement said it was for 3 things: Transmission line and substations; Drilling, field operating costs, gas gathering, generation; and Corporate expenditure and working capital.
And given this has been extended to Wednesday, 31 January 2024 to allow extra time for Eligible Shareholders to take up their entitlements (am surprised nobody referenced this yet) - that suggests money is not rushing in the door ....... Still this cash call is 98 oer cent about Doc and Pension Fund money being committed. If not, last man turn the lights out please.
Anyone with a brain would and should be nervous !!
As for first revenue - get past this cash call before that becomes a valid topic for conversation.
Or how about TG underestimated the pathway to CBM success in Botswana. Yes, his previous success was a big positive (at previous points in time) for this project - that doesnt carry same weight now given Tlou is having to deliver actual power. Something he has never done before.
And where I know we will disagree - he may be the brains on Tlou board and the magnet for attracting funding from the likes of Doc BUT Tlou was largely his company in the beginning but he has lost control of it. He now reports to the Doc - and since he brought in the Doc, Tony has to stick with it /us. His supposed hat-trick is IMO unlikely to show the financial success of Arrow and Sunshine. The 'enlightened' ones here know this; any dropping in who are 'unelightened' well they dont really count in Tlou's future success, so can be ignored.
Is probably a catch-22 situation now. The Doc was attracted by TG and MM previous success and credentials, and he was likely aware the journey to financial success would require much more than his initial investment. Now that he has committed so much of the recent investment capital, would or could the Doc ever contemplate replacing management to manage his investment better? Probably not; so just as the Doc and TG are stuck with each other, I am stuck with having to read your scattergun posts (usually just you trying to validate your own thinking) whilst you are stuck with me and having to read my incredibly well-informed narrative on Tlou's past struggles and maybe why they have not yet crossed their rubicon. Just yet anyways.
Tidd83, buzzard stubble, Minor Miner, Ftang ftang, and so many others ...... oh if only i could remember their names.
Question - when does company expect to inject first power into the grid? Lets focus on when the company generates its first power and therefore first revenue. That will be a major milestone achieved for sure. There had better not be any more excuses from management on delays, problems, missed targets...... Not sure you guys can take much more such news here.
Let me help you then. Your focus is exclusively on Tlou and its success. The storyline to Tlou is and always has been brilliant. But management oversold the delivery of the project - their more recent announcements have completely throttled back on over-hyping, over-promising etc. They have learned their lesson.
The extent to which they were directly responsible for Tidd and Tidd-like promoters back in 2016 will never be known. But it seems impossible to believe they did not have some kind of guiding hand in feeding that particular PR channel to promote matters. I KNEW it was BS then - and I posted repeatedly so at the time. I was the lone voice - but I was the lone voice that was correct, no matter how much you dont want to accept this.
If you look back to my first posts under BOTS_PROJECTS, you will see I am interested in Botswana based projects (mainly) as I finally saw signs that the current Presidential regime was getting the Bots economy into some sort of half decent shape. Ie the building blocks for economic progress in Bots were being put in place - not simply talked about (which is what had been happening there for far too many years) - and my view on this gets stronger with each passing Quarter.
But it is still Africa, still Botswana, still a country of a huge land mass and small disparate population which makes delivering large infrastructure projects even more difficult. And the Govt themselves say they do NOT have money - refer Eric Molale recent interview on developing railways across the country. All Govts there are cash-strpped and they want Private Sector money to come in and deliver the investment for them. BUT, Govt cannot give them free reign to deliver these projects; instead they unnecessarily meddle in dictating or mandating local labour content or use of citizen empowered entities to deliver aspects of the projects that invariably they are not skilled to deliver. However Govt isnt budging on this aspect of labour content (perahps or probably correctly so becasue how otherwise will the locals improve their work skills sets).
This all leads to uber-SLOW progress of projects there still - this still affects Tlou and Sekaname and others. My posts are often construed as negative on Tlou. That is becasue you guys are blinkered and read or interpret in that vain. My posts way more often than not are referencing articles in press talking about progress in Botswana - and invariably those words are published when projects are incepted or early stages. It takes anything and everything an eternity to progress in Bots - but there is money there to be made. And that is where my interest is.
It could be Tlou, Kavango, Sandfire, Tsodilo, Giyani Metals, Bots Diamonds (except I am uber negative on diamond sector, which is actually bad signal for Bots economy but i digress) and a host of other smaller exploration plays.
Not my fault you are incapable of discussing wider influences on Tlou n Bot
So you never tire of pointing out Winni. Be great if you made a contribution or observation about Tlou .....
PS Tlou has performed like a dog for years. Many of my posts might (if your brain was ever open to be receptive) help you and others realise quite why Botswana is a tough gig. But it is of course easier to criticise me, since that deflects from Tlou and its probelms. Which are all still there btw.
Https://www.mmegi.bw/features/the-missing-links-in-regional-electricity-supply/news
Dont read this as you will only criticise me, again, for posting something potentially negative. Again. But the physical infrastructure and the business processes to receive large injections of electricity into the BPC owned and operated distribution network are simply nowhere near fit for purpose operating at scale. Maybe in time that will improve (well it has to) but this is another challenge that IPPs (like Tlou and Sekaname) will have to navigate. And this is where the current reality that BPC are a dreadfully slow payer will become horrendously loud.
But most donkeys here wont even appreciate the problems ahead.
Name says it all ........ Keep encouraging brad then - kill the board with irrelevant, mindless carp. be happy
What complete and utter garbage !!
This is a message board for Tlou Energy. It is not a message board for the personal life of Bradsmith. But you guys would rather gob off at my posts trying, at least, to be thought provoking about the problems, challenges and occasionally successes facing the company. Whilst remaining silent reading about often totally inappropriate posts and messages in Brad's posts.
The "Chronicles of Brad" needs to stop !!
Https://www.weekendpost.co.bw/39195/news/moagi-interdicted-from-blocking-mining-in-okavango-delta/
Good example of why Moagi is not trustworthy. He was, probably still is, the primary cause why this company has wasted 2 years in Botswana over a totally bogus approach under Moagi.
Another potentially fascinating event ahead is release of Molale and Masisi memoirs. I suspect these will come out slightly ahead of when Khama gets very public and vocal in his criticism of Govt from his exile in SA. I doubt any or many of you here think much of this matters - and for Tlou, maybe it doesnt - but for the speed of economic progression there, getting Khama into a straight-jacket is priority number 1.
https://www.weekendpost.co.bw/39182/news/exposing-khamas-dark-secrets-masisi-molale-memoirs/