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HB your posts are a bit confusing - and encourage me to view the green posts to put it all in context.
One day Donks is going to gave to accept he has been a plonker for years and TG has been whiter than white the whole time. And the Govt has not been that terrible and Sekaname are a joke! Like TLOU's future - it is a question of time - and Sekaname will find a way to fail imho! KE/Sekaname failed at Selemo , sold it to TLOU and they turned it into a success! I'll always believe that they sold a coal mine and TLOU bought a CBM electricity plant! TLOU accepted royalties were payable and once Selemo jad proved the concept in a matter of months, they moved to royalty-free Lesedi. I have never known whether we should have expanded Selemo into the first power plant for the Grid (instead of producing local electricity to save TLOU's cost of diesel for diesel generators). Paying 12% (sale of gas) or 3% (sale of electricity) royalties and going live pre-Covid might have been the best route before switching to Lesedi? But if we went the gas cannister and lorries route where would we have ended up?
Will we ever know? We might have been supplying gas to Orapa from Mamba and/or Selemo.
That may still be on the cards once the TX line #2 is being installed in a few years time.
I have experienced difficulties on Iphone just lately and rebooted it. I saw Bots last post - not read it though! - and checked my laptop was still filtering him. And he was???
Mobile defaults to no filters if you are not logged in so if you reboot please ensure you login poste-haste on LSE to reactivate filters!! I avoid Iphone afaic , cannot navigate as easily as Windows with a mouse!!! Explains how my filter lets me down so often I guess.
Donkey reads all my posts and comments on most - albeit in a totally irrelevant manner and nonsensical way!
Now why is that?
And why am I not interested in anything he has to say?? That is self evident - he posts a handful of reasons every day ..... my bet is there wil be a RNS next month saying the Stephen Hemsley group has increased its shareholding precentage beyond one of the thresholds. When did Donkey ever predict anything as precise as that?
And that RNS (other UK investors may also qualify - the time is right ) will boost the sp to 3p .....
Please do not tell me Donkey spotted my mistake on where the subset of 169M shares was going. Whenever I make a mistake and own up to it he has never spotted them in advance! I even gave him the "crackpot" word to prompt his reply! I bet his missed it!
He could have taught me something 0/10!
If the UK sophisticates idea is right they will get 4/11 plus addition shares (if TLOU barred them) so possibly a 50% increase in their already significant holdings (5.5/11 for Donkey)
Not often a prediction can be checked so quickly. I might remember making this one.
DTE - agreed. And we have not needed more gas until now because we could not do much with it.
I am talking rubbish about being a crackpot!
Thinking about it , the ASX and BSE shareholders WILL HAVE RECEIVED ALL THEIR ADDITIONAL SHARES automatically.
SO it was only people like me - living in the UK and applied for 4/11 and extra shares - but disqualified from applying.
If I had not cancelled my order I'd get every share I budgetted for from those 169M!!
TG is superb - if you'd all followed my advice and let your application run we'd be getting those 1.8p shares in a few days.
I'll be fascinated to see how many qualify. Was IG the only broker who allowed us to apply last year? Those sophiscated UK shareholders that fund raised years ago are most likely to have applied directly to the company. It all makes sense now.
Yes - I do have too much time on my hands - but it does keep me away from watching cam models :O) so I might save my eyesight?
Cheers TB - great news - another TLOU move that is consistent.
I think my logic has worked again - Doc will be excluded - and only non-UK shareholders will get the additional shares they originally applied for i.e. those above 4/11ths back in 2023?
Mainly Pension fund and TLOU directors and a few crackpots who think as I do and wanted to help fund the placing at a loss.
ASX closing price stable at 4.3c (2.25p) - my heroes !
Current LSE quotes FP IG sell/buy 5k shares was 2.025p and 2.08p minutes ago.
Looking at today's RNS, this stood out for me ...
"The initial electricity produced at Lesedi is intended to fulfill the 10 MW Power Purchase Agreement (PPA) with Botswana Power Corporation (BPC), the national power utility. "
INITIAL is the word that stands out!
I thought initially we targetted 2MW , and we were going to build to 10MW for BPC , before continuing to 25MW with BPC commitment signed, sealed and delivered!!!
i.e. TLOU minimal PPA looks to be formality without rose coloured lenses?
If this proves to be meaning it is fantastic news imho. Other markets will provide competitive prices for our 15MW plans , and BPC will have to accept the costs of additional power rather than dictating their idea of the price (if that is true in the first place - the village idiot supports that view so I prefer to think that $12 to $30 per unit provides a price that both sides can accept {if it has not risen to $40 for diesel} ).
TB , I trust you got that from HQ?
My hope is that the DOC will be taken at his word and will be excluded?
Sounds likely because 169M @ 1.8p would be well within his budget I reckon.
So TLOU may be honouring shareholders requests for additional shares (above 4/11 entitlement) which I applied for initially before withdrawing completely because of the confusion over who coud apply. I don't feel hard done by , though TLOU or IG were not on the same wavelength , and both parties had faults?
If , as TB suggests , I wonder if the Doc will prefer a loan @ 8% because it is real money coming home to him! Equity will surely increase with the shareprice and his asset wealth - but to realise that money means he'd need to sell shares which risks dragging the price down (major shareholder selling up headlines!).
The pension fund is known to have applied for additional shares , as did I , but how many more will deliberately have participated at a loss? They deserve to profit from the 1.8p price now. Shame that UK addresses were excluded though.
8 Mar 2024 10:05 Alliance News
IN BRIEF: Tlou Energy income rises in first half; loss narrows
Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - In the first half of the year ending June 30, interest income rises to AUD11,383, or GBP5,894 from AUD6,351 the year before. Pretax loss narrows to AUD1.8 million from AUD2.2 million a year ago. Managing Director Tony Gilby says: "The company has made excellent progress over recent months, and we are getting very close to first revenue. Having direct access to the power grid opens up our gas field to a huge market. It has taken hard work and significant investment over many years to get to this point, and we look forward to delivering power and earning first revenue for the company as soon as possible."
Why oh why did I think you might have agreed with me?
Should have known you'd be the same effingidiot you have always been.
How do you misconstrue ABSOLUTELY EVERYTHING?
TG did not makes us think we would be gifted those option - IT WAS A VIRTUAL CERTAINTY that the price would rise from over 5p within 2 years!!!
Brilliant reward for backing our company!
How many pandemics are we likely to see in the 21st Century - the lockdown lasted the whole 2 years - what were the chances of that? TG to his credit must have realised that placing was not a formality and dangled a carrot for the Donkey and his tiny minority of sceptics on here. World recession from that point and higher interest rates returning all contributed to placings being low on TLOU priority list for many of us.
Give Donkey an inch and the idiot takes a light year - so up himself.
TG read the market well - can you not see that Donkey? It was a brilliant option at the right time - give him credit ffs!!!!! Nobody else on here thinks those options were catch out people like me on the hop - maybe he was opening the door to further similar options - Covid killed them as well!!! The Doc entered stage right because he appreciates TG - that is why he owns most shares in TLOU and you my friend have SFA in your wallet or in your skull or in your portfolio that is worth talking about?
I should not have introduced your doubts about management! Green looks better than the reply from the smallest IQ in the country! Roll on confirmation that 169M will never be issued this time round. Filter is already back on - I was stupid to take it off - you were right there!
I considered contacting TLOU for the first time ever to see if I could get some 1.8p bargains. I have relied on news from MinorMiner? (MM !) and Thornback rather than bombarding the main office with queries with similar questions.
I am hoping the 169M are not going to be issued because that is compatible with the lack of news on what is going on.
Whoever decided that shareholders should not be fully aware of what they are entitled to apply for during April falls into Donkey's description of the board! I'd support a vote of confidence because we should be certain of what is going on.
Tlou shafted us on the 2 year options at 4.4p when the price had been 5p+
That was purely down to lockdown and TLOU and us came out of it disappointed but blameless.
The latest undersubscribed placing which was too expensive for anybody through December and January to have justified buying. Not for the first time , the pension fund paid the price having paid 11p years ago and 3.5c this time when the sp on the open market was already lower or about to dive to much lower levels.
I was willing to take a loss along with the pension fund but the Doc was too pragmatic to join in! The TLOU news made it clear to me that I could not participate because my shares are registered to my address in the UK!
But IG in London or Sydney or both made me believe I was entitled to participate when I was offered shares!!! I applied and asked for additional shares confident I would get every share I applied for!
I plagued this chatroom with ways to fund TLOU at limited cost by selling existing shares on the open market to pay those 3.5c or 1.8p prices one ASX ot LSE at a loss!!!
There were question marks about when I should fund my account and then I was able to recover most of my losses to date so I grabbed that opportunity and backed out of the offer entirely.
Since February the market price changed has been considerably higher than 3.5c and 1.8p and the placing is now very appealing to anybody with half a brain or more.
Who is going to play GOD and decide who gets these bargains?????
The 2 year option entitlements at 4.4p could be used to provide us all with a sutable proportion of those 169M bargains - that is what I'd have done if I was in charge.
Not entitled back in the 4.4p days? Then NONE of the 169M.
Otherwise your 4/11 entitlement from December and your 4.4p options entitlement can be used to calculate an entitlement (percentage) of 169M or a brand new target?
That would be fair on sharehoders and restore the good will that was definitely intended back in the day!
I wonder what carp our green poster has now dragged up on Tidds and GG?
Another example of his reverse criticism? How often has he said I live inthe past and need to move on? And he finds Tidds newsworthy 10 years after he walked away from this board when TLOU was on a different mission entirely?
As for GG , is he another in a line of black Botswanans he says are stupid, lazy and bent because Donkey imitates a rascist whilst supporting Ian Kharma , mixed race with a white mother?
They all struggle with the English language as a second language (Eric, Lefoko , Massisi and GG) but I understand their English better than their native language for sure! Imho Eric and Lefoko were/are always pro-TLOU! With sceptics doubting TG's claims without any evidence , they had to listen to their counterparts or risk their careers. The underlying truth was they wanted TLOU to succeed and Sekaname's presence hindered us without a shadow of doubt. Until they surfaced TLOU's progress was seemingly superb! Hence the RFP clause not being challenged on the entry process? That put us back back many years and introduced belt and braces approaches after the laissez faire initial period!!! And a share price of 8p - 10p!
Mutual trust evaporated. A very sad event and then unexpected dewatering delays added doubts before Covid put TLOU's future in doubt. TG kept us in one piece throughout and GG may have been invaluable during lockdown? Single handedly managing a telephone to Australia/Ireland and everything in Botswna?
GG does not support TLOU as much as the other directors moneywise (i.e. failed to accept salary decreases (was he invited to?) and does not put his hand in his pocket at placings either (Is he allowed to?) ) but ,during the pandemic , TG gave him much credit for his presence in Bots during lockdown. I got the impression GG kept things rolling so perhaps his increased workload justified his full salary whilst the others were hamstrung? Perhaps GG helped to get us where we are today with the pension fund and the Govt and BPC?
If Donkey is critical then GG is almost certainly a hero!
Well said Winni, the board has been really stable for over a decade - and it took a pandemic to separate the one who left us, bless her.
2 June 2021
Botswana Daily News (Gaborone)
By Pako Lebanna
Gaborone — The University of Botswana (UB) has confirmed the passing away yesterday of its chancellor, former Bank of Botswana (BoB) governor, Ms Linah Mohohlo, 69.
Ms Mohohlo was UB's first woman executive head following in the footsteps of previous chancellors former presidents Sir Ketumile Masire and Dr Festus Mogae as well as current head of state, President Dr Mokgweetsi Masisi.
----------------------
In June 2021, it was with great sadness that we announced the passing of the Company’s Non-executive Director, Mrs Linah Mohohlo. Mrs Mohohlo joined the board in 2017 bringing a wealth of knowledge and experience to the board. Our thoughts continue to be with Mrs Mohohlo’s family and friends.
-----------------
Why was an obvious powerhouse, Linah, aligned with TG and Co?
The clues have been there for a long time - clear as day! TLOU has always been a hot AIM share! TG does not want his shares to be diluted unless there is no other option! Same for Doc and the pension fund. The pension fund are not relying on the SP rising to pay their pensioners - they want perpetual dividends - and the SP helps heir credit rating, their country and reputations on a personal level.
BTS - good to see your news - I was scared to asked about your Mrs.
ASX closed at 4.3c (2.21p) - so I am still in profit there and LSE is 2.1p to 2.23p on the Fixed price quotes. Stable prices before the horse bolts USAINly out of the 2p range and into 3p and upwards towards the 11p that the pension fund deserve to see again.
Lesedi #6 will get us to 6p , Lesedi #4 will extend it to 10p , and Solar will achieve the 11p in my mind. Positive dewatering news stands in the way. TLOU are more knowledgeable about channeling water away from the coals in #6 and #4. Once the transmission lines and generation kit are commissioned , I am expecting all hands on deck to complete the first dewatering. That first one is all important and subsequent ones are traditionally easier for obvios reasons. Loch TLOU awaits us?
ASX closed at 4.4c (2.27p)
In 12 days we'll see whether 169M were ditched or allocated and then we'll see how the news is received.
I like the stability across the world - people are holding and not identifying 2p+ as their target to get out.
Good to see BTS is still with us - not so destitute to have shed all his shares.
My ASX shares are still in the black. Given #6 was mentioned in the TB's tweet and #4 was not - #6 looks very promising considering #4 put #3 in the shade a long time ago.
I guess dewatering is mutually inclusive for all the drills - and they might all be as good as #6 once they are all dry (relatively). Until we can distribute electricity to Serowe , I still firmly believe TLOU are not throwing all hands to the pumps on gas extraction!!!
Wasting unuseable gas in bigger flares is not TG's way! And storing it will waste money. There is more chance they are minimising the flows (e.g. #3 is partially shut off?). The lock gates will be opening soon in my imagination.
Filtered one - when will you realise nobody wants to hear from you?
All you get back is replies from people who ridicule you - the rest do not think you are worthy of a response! Even Whizzer has stopped ticking your posts when they criticise St Tony or one of his disciples.
Are you that Japanese soldier who surrendered 29 years after the war was over?
Was he hiding in Botswana with his head in the sand perhaps? Hence you view that you are some sort of expert on Botswana. You only had local newspapers to wipe your donkey with. You do realise you do not have to be a paid up subscriber on ADVFN to post, do you?
Were you subscribed because you were banned there? And are they too shallow to reject a subscription from the unwashed? You killed that board and reduced this one to a shadow of what it was. Like TLOU , we are beyond the point of no return , as a chatroom. It won't be long before humble pie is all there is for you on the menu!
I cannot be assed to unfilter him and look for the post that showed anybody ( who read and thought about what he was saying) what a huge dipstick he is!
It is obvious to everybody (except him) that the pension fun took all their 4/11 entitlement in December/January before adding even more from the undersubscribed shares. Still 169m spare until 30th April. I suspect this is news to Donkey even now!
The other obvious trait hehas involves criticisms of the world! Whatever he attributes to our failures reflect upon him tenfold!! He says I cannot stay away from his posts - that means he cannot ignore mine! This has gone on forever and a day both here and on ADVFN! I stopped on ADVFN and posted on LSE for years - and then he got onto LSE with VPN or LSE relaxed their hunt for his posts or people stopped reporting "*Ken*" who had been banned! *Ken* derivatives from Kenmare the other share he plagued for years! I never reported Bucklersfern to LSE because he used it very sparingly.
He is out of his depth - and does not know when he is beat - hence he never argues his point with anybody far less me. Does he hate me or does he envy me?
The one thing he was right was I need TLOU to come good!
I invested in HMV,AVN,SXX,USOP and TLOU big time.
The first 3 failed , USOP exists and will go under in time, leaving me with TLOU.
I hedged my bets as advised - and watched the progress here like a hawk!
Fox lied at HMV, Williams was an idiot at AVN, Fraser was a dreamer and a liar at SXX , and the Irishman at USOP was, and is, a dreamer and optimist of massive proportions? Throughout all of this TG has be a glowing light at the end of the tunnel!
I was clearly disappointed in him for a few weeks when I believed he screwed us over a placing! I was stupid to not trust TG! He knew the placing would be a disaster and our survival depended upon sophisticated investors and the Pension Fund!!!
The DOC and pension fund and the Gilby family have saved our bacon plus some unsung heroes like Stephen Hemsley in the UK - silent partners who held their shares (no RNS to show they reduced their significant holdings belowthe thresholds).
Tony Gilby has been brilliant to get us where we are imho. And Donkey is oblivious to it all!
I suppose they'll bury the pipe once it is tested?
Never envisaged a pipeline looking like that - I pictured huge all metal pipes going to Orapa but flexible piping like this would make it much easier though security would need to be higher in some way. What animals could dig up a gas pipeline?
Tight spread here but ASX holding 4.4c (2.283p equivalent).
People who are expecting some of the £169M balance might be taking their profit?
If there are enough of them 1.8p might be coming, but low volumes currently 200k and 100k sells. I wonder if the chosen ones (if they exist - I hope there are none) have been confirmed?
Oh dear .... I said "are a hotpotch" and then did a spell check on hotpotch!
I do that by selecting the word, right click and new tab! Spelling was fine!
With no action needed I continued typing and overwrote the selected word?
I look at the keys on this Dell , not the screen , so I was oblivious to hotpotch disappearing! Explains some of my typo errors - my memory is so poor I use that spell check more and more with time. Once I doubt the spelling I lose confidence in what is correct nowadays. So annoying!