The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
By your child-like logic, every journey started and finished is easy.
Make a contribution here - go on, I dare you. Try - you never know, you might surprise yourself.
When are your pump and dump mates returning? Looking forward to seeing some old faces and names back. We can all make some money then, eh.
Why doesnt Capt 'Cloooless' Hindsight tell us what happens to the 169m shares.
Brad, if you filter me, then stop talking about me. You are like a child. And when conversation gets going on a topic that you are not part of, then I will be off filter. Again. For the 20th time. Yawn.
Access to a huge market was never disputed. By anyone. Getting the project through to commercial success and grid connected is something I said years back would take much longer than anyone else ever thought likely. And surprise surprise, I was right. The Intergrated Resources Plan was published 3 or 4 years ago and it said gas would be a meaningful power supply source only by 2026 - nobody listened; everybody criticised; I was right yet again. God I am good and really getting tired at always being right about this bag of bones.
Ok gren*de launched; let's sit back and see who bites.
That's great - 10 years to make a tenner.
Brad - give me 3 'claims' i made so i can respond.
"And continues to move up :).. Despite the o knowledgeable one thinking otherwise looooool" 20 March 2024
It moved from 1.9 pence to 2.3 pence. Amazing. Our new Expert on share price movements. And when he posted the above, it was 2.2 pence. Such a clever chap.
Father & Son;
Eric & Ernie;
Laurel & Hardy;
Ying & Yang;
Abbott & Costello;
Batman & Robin;
the list goes on. Their drivel is endless. Match made in heaven.
What was it Mark Twain said ....
Ant & Dec;
It wasn't. They started in November and finished in March - 4 months. Whats easy about that.
Bond / convertible note / something that converts from debt to equity at a price - really you are showing an unbelievable level of ignorance.
Here he comes ..... walking down the street. Spewing his usual tripe.
Sorry everybody for the next 50 useless messages ahead from him and me.
Do you feel better Winni after that wee rant.....
Makes me laugh every time I read what you and others here tell me what I think, what I think I am, what I dont know, .... And every time I spout my 'same nonsense', there is always somebody here to gladly tell me back How wrong I am, How little I know, How much time I waste sharing my views here as to why Botswana just doesnt work, what are potential reasons why Tlou isnt making the success of its opportunity that it so articulately expressed many large red African sunsets ago,
Keep it up lads; you would be bored and lonely and have so much free time to fill if I wasnt here for you ......
Keep living inside your head Brad. Are you not bored filtering, unfiltering, commenting, filtering, unfiltering, commenting, filtering, unfiltering, commenting. Is obvious you cannot resist me. Tbh, i wish you would stick to posting facts since once you go off on one of your long ramblings ....about what you think you know or understand, usually ends up going round in circles with no real beginning or end.
But then i guess posting here about what you think you know about Botswana, Tlou, Sekaname, CBM, Eric Molale (ps i sent you that link, so trust me I am well qualified to know what he said, where he said it, and what it means), and posting about your life history is your sort of therapy. Just as it is trying to criticise me and my views and opinions. You could learn so much here,,,,,,if only you could step back and open your mind to receiving. Rather than blethering.
Olda - a possible mistake you are making is thinking that TG has control over the price he sells electricity to BPC. It needs to be remembered that Tlou and Sekaname have 2 small scale pilot projects which are meant to demonstrate to the 'clevers' at BPC / Ministry / Govt the proof of concept works. And maybe (note I say maybe) thereafter, once the doubters sorry I meant doubters are finally persuaded, then maybe just maybe there will be scope for CBM gas to power generation projects to finally take off in Botswana.
But the price BPC will pay will likely be at or near rock bottom levels.
The higher margin business for Tlou will be selling its gas to CNG or LNG or many of the plethora of other uses the gas can be put to. Power generation is the worst business from a margin persepctive for Tlou - but it does underpin volume.
TG and management team all know this; will be great once Brad finally figures this part of the equation out.
BPC is insolvent and has been for many years; totally dependent on Govt financial support. Electricity tariffs in Botswana have traditionally been low, almost free to local population, which started at independence and never increased given Aids epidemic near devastated the country. There has been a couple of price rises pre-covid and with elections in October, next price rise will be well into next year.
Sourcing electricity elsewhere is more a matter of who has got it to sell.
Eskom was selling significant quantities to Botswana for many years, yet SA was often plunged in darkness with rolling balckouts. Why would you sell to a neighbour when your own family is going short? Simple, selling was a source of revenue to the SA /ANC govt, who all have their noses in the various troughs.
You mention 10, 20 and 30. I cannot comment because these are just numbers thrown out there with no context against which to make meaningful comparison.
As for TG comment, I well know he came to Botswana with good intentions and wanting to replicate a successful strategy again. And he sold many people, including us all here, that vision or dream. He has had to learn the hard way that what he thought then would be relatively straight forward business venture has turned into something he never would have dreamed of. And the same for all of us and anyone else involved in CBM in Bots.
So i suggest you drop the criticism of me being a constant skeptic. I think I have been more than vindicated taking that approach, however grudgingly folks here might wish to admit.
The once-affluent middle class fleeing Zimbabwe’s wrecked economy
Professionals are leaving their homeland in droves, with the country’s collapse driving thousands into Britain’s workforce
Scary article re Zimbabwe in Times today. Not that any of this is new; just that it reminds how a glorious country can be destroyed by ethnic politics and greedy rulers.
Personal view on corruption in Bots. It is relatively small economy and where Diamonds are main source of Govt revenue. These are mined and exported with, thus far, very little value add work performed in-country by Debswana. Current regime has been trying to change that model over last 4 years, with some success. However the way to disguise / circumvent revenue leakage is for payments to be made to select individuals offshore.
Copper is the next biggest revenue earner by export - but a very distant 2nd behind diamonds. Ignore for now.
Botswana basically has to import pretty much everything needed for domestic consumption. Key drivers there are Energy & Fuel, Food, Transportation vehicles, construction materials, ... Easy for the offshore suppliers (like Eskom for electricity) to negotiate with Govt/Ministry officials for a kickback, since they are selling to Govt parastatals like BPC and such like.
All this has been going on in Botswana for many years; the real scandal will be if it ever comes out that these kickbacks have mainly been routed to the Founding Father family members. This more than anything else I can think of, is what has held the development of Botswana back over the past 20 years. There is a reason the previous President is declared a fugitive in Botswana and why he has been living in SA for past 3 years. And he apparently is in process of moving to eSwatini (is Ramaphosa in the process of moving this problem to someone else ).
Follow it on FB on France Museveni Leaks. Entertaining read, even if only part true in places.
Botswana Gazette newspaper - out today
Admitedly have only included some extracts from the article below:
"Startling revelations regarding Bots energy landscape have surfaced in recent report titles "Electricity Generation & Distribution Stats Brief". The report underscores a significant shift in the nation's reliance on imported electricity. Zambia is principal supplier of imports at 43 percent; SA Eskom 22percent; Moambique 12; SAPP 11; Namibia 9; Cross-Border Electricity Markets (never heard of them before) 4. Conversely, local electricity generation plummeted from 808k MWHin 4th quarter 2022 to 654k MWH 4th Qtr 2023 with downturn due to (yet again) operational challenges at Morupule B power station (this built by Chinese and has never worked properly - and likely never will). Morupule A and B accounted for 90 percent local generation, Matshelagabedi and Orapa plants 6 percent and 4 percent respectively.
What I know is - Govt/ Ministry & BPC tell all Independent Power Producers wanting to set up and sell in Botswana is they must sell at sustainable (and therefore low ) prices. This price is about one quarter to one third of the price that BPC and therefore Govt has to pay for the imported electricity - so the obvious question has always been (to me anyways) Why has BPC and Govt had the handbrake always over CBM power generation, and even solar generation.
This is the conundrum that has never ever made sense regarding Tlou and CBM and the Govt parties - why go so slowly in developing a potentially very significant source of local power?
The only answer I can come up with is that the BPC contracts to source from external countries / providers must include some element of kickback to somebody, which is paid to bank accounts outside the country. And until these arrangements are made visible etc, then everything continues broadly as is. And this, as much as anything else, is going to hamper Tlou's ability to scale up power generation to significant quantities of MWs.
And all these surveys saying Bots is great for Governance, law and order, low corruption, blah blah ...... are basically fit for the toilet.
Absolutely Brad. The only surprise is it has taken this long to finally ignite.
For once we agree.
Hard to attack Clooless though; he never says anything
Pot kettle black
booooooooooooooooring !
When does the pump and dump start?
Chirpy chirpy cheep cheep. Tlou really does know how to attract 'characters'.