Member Info for BOTS_PROJECTS

You are right about that - you think Tlou and TG has done well. I don't think shareholders should be in the slighest bit happy about the slow progress here.

You think Tlou will scale rapidly into an energy powerhouse once the concept proven. I doubt it - simply because nothing happens fast there.

You think Sekaname are the cause of the delays for CBM. I think CBM are the 'founders' of CBM in Botswana are are what attacted Tlou there. It makes no sense to suggest Sekaname caused delays.

You think every word spoken by TG and team is gospel. I think much of their communications (especially those prior to covid) were often disingenuous and occasionally misleading.

You think number of shares a company has issued is largely irrelevant. I think it is crucial to shareholders making real money (something the Tlou opportunity will never now achieve).

You (and your idiot wingman Cloo) think fund raising is easy just because it gets done. I think the history of failed or poorly subscribed rights issues and lack of options conversions show otherwise.

You think Tlou have been dewatering their wells for years now. I think they have drilled wells that have previously failed which is why they have been dropped from recent communications. Mitchell Drilling are pretty well established there now and very busy apparently with the copper exploration companies.

You think I talk in riddles. I think you simply are not capable of understanding the detail beyond what Prof Google spoon feeds you.

So yes - unlikely we will ever agree. Until of course Tlou does not achieve anywhere near the success you have regularly trumpeted and then you have to admit you was wrong and I was .......

Rather condescending of you Brad to always be thinking just because my view is different to yours that I am always wrong.

Take it from me - dewatering isnt the big drama you have hyped it up to be here. If Tlou wells were producing vast quantities of water, we would be hearing all about it. Why? Because they would have to do something with it. They would want to make it available somehow to the community (at a cost) and we would hear all about it as part of their community engagement efforts.

Apologies Winni, I was forgetting that i could not possibly not know much about Tlou and CBM and Botswana. After all that is why every single post of mine is shoved back down my throat with criticism. I occasionally (like today) wonder why that is.

My narrative is to try give a view on why Tlou or Botswana is the bag of bones it has proved over the past 6-8 years. Yet still the cheerleaders here resort to their default position of shooting the messenger. It really doesnt bother me that you all do; if anything posting here my thoughts allows me to shape my own real views.

Can you guys say the same I wonder. i mean all you do is criticise and kill conversation. Except when brad chimes in with his regular repetitive pieces. But then we all know this is part of his daily routine and being jolly fine chaps, we accept and humour him. And i dont mean this nastily. But so much of his posting is played out in his imaginative, conspiratorial and ideological mind mapping.

Going to leave you all with one thought - dewatering. So much said here about that. It is largely all nonsense since there would be an ocean of water now available to Tlou to deal with had this been the case. And they would have been reporting this problem and how they deal with it in quarterly's etc. But never a mention. Or if dewatering was such a problem that actually gives rise to a bigger problem about well and reservoir performance. The cynic in me would suggest this is why we never hear about gas flows (and content) other than in generality terms. The optimist would say TG has done this twice before and he knows what he is doing yada yada.

Except - he hasn't brought drilled wells into commercial production. He only drilled wells, got 3rd party experts to certify gas resources and reserves and then used that to sell the commercial project on to the developers. TG has zero gas field development experience - until now.

Exactly Winni - finally you are starting to think things forward somewhat. There is all this endlessly positive aspirational news being pushed out by Govt / Ministry / BPC et al. All these wonderful projects that is going to make the country energy self-sufficient and net exporter of power via SAPP. How is a very small economy with limited funds, already bleeding from much reduced reserves from covid, going to implement them all. WHo is going to pay for it. And how are the sellers of power going to get paid ...... Something will have to give somewhere. Not everybody will get paid on time ..... And those with the biggest skin in game will be the more dominant partner. And Tlou and Sekaname with their 2MW or 6MW or 10MW will be closer to bottom than top of the pile.

Sure, both may negotiate price payment guarantee arrangements - but exercising those will become problematic when there is shortage of cash to go round.

Finally perhaps some of the cheerleaders here will begin realising the noise Govt and Tlou et al make here is based on foundations akin to Kalahari deep and shifting sands.

Latest noise is the Govt of Bots will consider increasing their 15% stake in De Beers if the price is right. Great; wonderful; good positive sensible sounding business sense. They already have to find 15% of 6 billion USD to pay for their share of the Jwaneng underground mine extension. Orapa is going to need something similar soon. They dont have that money set aside even now - so where oh where is another 1 or 2 billion USD coming from to increase their equity in an investment that is heading into an intensive capital hungry phase. It is all complete and total waffle !!

Much like the waffle here !!!

They all humour you Brad - so same same, but different. Amazing how you seem to now know so much about Sekaname and Kalahari - where did you get your info from?

'Our hearts tell us TG is on the verge of completing the TX line' - No, the RNS tell us they are nearing completion. And about bleedin time to.

'The Govt, the shareholders, the directors, the engineers are all in suspense' - there is Jindal and its 600MW coal fired power generation. And the 5GigaW solar JV project with Namibia and promoted by the USA/ Power Africa. And a plethora of 5MW to 20MW solar IPP projects. So sorry and sad to say but CBM is well down the pecking order. Bit if TG can move the CBM dial then I will be the first dude to say Hats Off TG and also I was wrong about you.

But what I do find offensive about your posting - anyone that knows anything about life on the ground in Botswana KNOWS that politics is the main game in town. And now, given that Khama Family are largely sidelined in Eswatini, sadly instead of the country moving forward and prospering by growing the economy positively - those in position of influence are motivated by growing their pension pots. This no doubt evolving because the Khama Kounts are moved out, and the new crowd are rushing to fill the space.

But then you know all this Brad. Right.

Fair enough - but politics there is what has held Tlou / CBM back in my opinion.

Given there is no onshore gas industry in S Africa, is maybe a little surprising you thought Botswana would be able to start a whole new industry in that part of the world. But then the diamond sector there has made the locals feeling priviledged and basically lazy. That was easy money for most there in the 80s and 90s. Was talking to a guy recently who worked and lived in Bots then - Gaborone, Francistown, Selebi Phikwe and lived in Phakalane Golf Resort (the good old days). He despairs at how lazy and corrupt the system there is now.

What i know Brad is how 2-faced folks on this board behave often. There is a clear and obvious history of failed rights issues and poor take-ups on others. Totally ignored when it suits the argument at the time.

Issued shares 1.25 billion. Issued on fully diluted basis calculated roughly as US$5m (equiv A$7.5m) Pension Fund and A$5m Doc x interest for 3 years at 10% converted to equity at 3.5 cents aussie would result in between 450m and 500m shares being issued. It's not a difficult sum to estimate. So Issued shares will, in time, be pushing towards 2.0 billion.

You keep talking about Sekaname and try come across as 'expert witness'. Most of what you say is opinion, supposition, theoretical. They cannot be useless - otherwise why would TG have come across to Botswana, talked to them and bought out the leases that Sekaname were selling..... Sekaname had huge land mass under exploration for CBM, and to generate cash over the years sold down leases they had spent money exploring. The results of that work on those leases sold would be the basis on which TG and others would have agreed a price to Buy.

Tlou and Sekaname were both messed around in first tender; to suggest that Sekaname somehow influenced Ministry decisions at that time is simply your over-stimulated imagination. Both were awarded Preferred Bidder status and presumably since then both have ben trying to deliver their project. Tlou are ahead with their project; Sekaname have their 6MW PPA and presumably are working to deliver that as fast (or slow) as they can or are allowed.

I would not accept your proposition that Tlou would be much further along were Sekaname not in the picture. To think that makes zero sense to me; it presupposes that Sekaname (who were CBM pioneers in Botswana from 2003) have been deliberately progressing their story as slowly as possible, to the detriment of their shareholders (whoever they might be). And the one thing I remember from their BPC signing ceremony was that Minister Moagi was joined at the ceremony by 2 other Ministers (one of whom's son is the MD of Sekaname).

But then it has been said live in a shoebox in Doncaster and stack shelves implying that I could not possibly know anything about anything or anyone associated with CBM in Botswana. We are all entitled to our points of view. I look forward to the day when somebody appears on this board and wants to have meaningful and informed conversations about Botswana and politics and gas to power and corruption and real problems there which cause project delays to Tlou and many other mining projects there.

Apparently it is really easy for Tlou to arrange funding

More quality content from Cloo - that would be 50-plus times he posted the same runny mess. Nappy pants for him then.

See here is the thing Winni. You guys dont have a balanced view of Tlou since you are pretty clueless about reality of life on the ground there. Trotting out your view of the opportunity there from a western eyes mindset means you keep trotting out the same old rubbish.

Cloo - try and show some originality. I used to thing Brad was the sad case here. At least he offers a point of view even if i seldom agree with it.

Why?

Elections in S Africa showing the ANC are routed so eyes are looking south to see how the power balance shifts. That takes time.

Anglo is restructuring and divesting De Beers business. This is fraught with concern for Debswana and Govt of Bots, given the recent $6 billion USD investment necessary to prolong life of Jwaneng diamond mine. And that is just 1 mine; there is Orapa and a few other smaller kimberlites. When the diamond industry sneezes, Botswana economy is badly affected, meaning budget revenues are reduced meaning bigger budget deficits meaning even less money washing around Govt coffers (after all the usual suspects take out their cuts) meaning BPC and other parastatals will delay payments even more meaning = any good news there is diluted and inconsequential.

And the real reason nothing important gets decided for remainder of this year (and at least Qtr 1 next) - Elections ahead in Botswana in October and already significant bickering over rules and voter registrations. IEC are being called corrupt body by Botswana opposition who clearly are taking the Trump view of being an opposition party (complain about everything.)

Masisi and Moagi are in Las Vegas this week for a diamond jamboree; then they need a week to recover, then electioneering for BDP primaries in mid-June for a month, and yada yada yada.

But the great news ahead to look forward to is - Tlou completing a sub-station construction and maybe injecting 2MW of CBM feedstock electricity. Thats going to change the country, lift the overall mood, get everybody talking, reshape the energy landscape in southern africa for sure.

Kumbaya my lord, kumbaya

My days are not complete unless I am taking abuse from all the clever, long-term supportive shareholders here who continue to hold hands and sing kumbaya while sitting round the campfires. Their cult like adoration of the progress here is a thing of beauty.

Break over again.

Https://www.sundaystandard.info/suppliers-owed-p1-3-billion-in-payments-due-to-gabs-system-failure/

Maybe i read newspapers; maybe I know people in business in Gabs/ Bots; maybe I like in Gabs /Bots myself; maybe I chat on whatsapp to friends or family or both there; maybe maybe maybe. The only thing that isnt maybe - is you and Clooless are childish and dull and pretty pathetic if truth be told. At least with Brad, we know what we are going to get - so if you want somebody to justify his opinions and statements, go start there.

PS share price continues to underperform, same as management team, same as the cheerleaders on this site. How many more years before you realise how completely suckered you and yer mates have been.

PPS I love the abuse you give me. It makes me relevant; it means you guys focus on me rather than the utter pathetic non-performance of the company and share price of the company you all promote and waffle endlessly about. TG is great; Bots is great; the Doc and BPOPS wont let the company fail; .... and all the while .... after how many years now .... the share price is still in the Lower Basement / or as Brad would say Bargain Bucket territory.

PPPS your investment is performing, and always has performed, utter desperately. And still you idiots wax lyrically about it.

OK my break over now, need to get back to stacking the shelves.

More winni quality i see - back week was it old chum?

You dont know so i could not possibly know. And Doncaster and Bradford and stacking shelves - my own my what a class conscious twat you are. Are you proud of yerself - go ask yer Mum for validation.

Madness, utter madness. You guys are all living in lah lah land.

If this was such an important project, why has Govt done everything possible to delay CBM progressing there?

Is TG the most persevering and dedicated CEO in living history or has his star magic turned to silica?

Private sector contractors and suppliers in Botswana are getting squeezed almost out of existence due to Govt lack of cash to keep up with their payments obligations. I cant prove it to you on a message board - but it is reality down there.

Blame Kalahari - you have no grounds to say this other than personal opinion - which you are entitled to. Explain your logic please and maybe it informs us better.

And while on that, you mentioned in previous post pricing of $30 - where does that come from and how does it translate to Revenue potential? Provide assumptions to your maths ie selling price per kilowatt hour of electricity generated, then sold, with assumption as to hours or quantity of dispatchable energy sold.

Bold sweeping comments are easy to make - we have all been doing it for years here - is time for the rubber to hit the road, so lets focus on detail and verifiable information.

I guess you guys have all the answers and logic then. Tell me then why has Botswana proved to be so incredibly challenging for TG and team for so many years. I mean, by your logic, Botswana is a great place, efficient and pretty rich - so should all work swimmingly for all concerned.

Govt payments (which include BPC) is a nightmare there, has been for several years. Budget deficits have been increasing since covid, and now diamonds are well out of flavour. Anglo has announced it is selling De Beers which is a massive deal for Botswana. Elections are in October which is a massive deal for Govt there. We can pretty much write off the rest of the year now as Govt are preoccupied elsewhere yet again.

Fair enough point Olda on the market cap jumping upon delivery of first electricity - that the POC has been proved etc. A double to 4p is not such a huge stretch i reckon, but I suspect there will be significant sellers on the way to 8p.

As for another raise, again imo that is unavoidable - assuming TG and team want to scale up operations quickly. However i do think the bigger problem at this time for Tlou will be getting paid regularly and on time by BPC for the electricity sold to them. One aspect that most here are blissfully unawares is that cash is in desperately short supply in Botswana; that BPC is basically insolvent; that Govt has for many years been desperately cash strapped; that Botswana is a wonderful country but large land mass with incredibly small population and therefore small economy/GDP..... Economies of scale in Botswana are basically Ass about Face - think France economy v Botswana economy and work it through ...

Renewables is the way forward for the Energy mix in Namibia/ Botswana - refer the 5GW solar plan there being promoted by Power Africa being promoted by US Govt. And Namibia recently secured $150m or so funding from World Bank to help them figure out the infrastructure and detail around this project. Botswana has yet to secure similar funding - which means they are behind the curve (not leading on this). Which in turn means this project is moving just as slowly as CBM there - which is a shame because things there that obviously make economic and common sense to us all are simply struggling for traction etc.

And ' the struggle for traction' is what sadly defines Tlou / CBM / TG / early bird investors

Good man Brad - just in case you forgot, you have a pretty foul mouth yourself !! The C-word was used I seem to remember ......... Not your finest moment.

Good man Winni - always good when fellow posters join in the spirit of engagement. Just amazes me endlessly why you have little to offer other than criticism of my posts. It really makes this message board such a joyous place to exchange views and opinions.

Free is on the back foot now because he knows he showed his bias in previous criticisms. I imagine if he does post again, he will be more guarded.

Annual Report would be where most people refer for company specific financial and operational information.

A$5m convertible note held by Doc; US$5m note held by BPOPF. Clooless will help confuse you with understanding the terms you don't understand.

I think you will find the rest here are pretty 'clued up' on how convertible notes operate as a financial instrument - but thank you for the link.

Not sure why you think Directors and others have note instruments. Even if they did, the numbers of equity issued against these would be a relatively small number.

What I believe you should focus on is that convertible note holders are classified as Preferred Creditors and therefore rank ahead of Equity holders in an orderly wind up or liquidation of the company. Again, this feeds to the 'argument' that TG has 'lost control' of Tlou Energy - given 2 principal shareholders effectively 'control' 55% or more of Tlou. It would be really good if Free would provide his insight and clarity on why he thinks otherwise.

And now to be somewhat controversial - minority shareholders are effectively screwed here. They have been for a pretty long time; just that most here didn't see it coming or couldn't bring themselves to admit it. And sadly, we are all in the small small boat.