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My other account that only allows me LSE trades and I opened it after TDW sold up,
At TDW I could trade on ASX so I lost money converting expensive AUD shares to LSE shares.
I no longer do much trading on that account , my average on TLOU/LSE is currently 2.78p .
I am losing £13k on US Oil and Gas which are not on any exchange and dropped from 8 per share on Jenkins which no longer has them on their books. They stubborn old CEO, an Irishman , is still trying to find Oil but he does not have any benefactors afaik.
I still await notification of how much I will get for my wife's underpayments yonks ago - 2012 to her death in 2018.
But they have told me eligible and have confirmed my bank account to receive it.
Will I get a chance to spend it on 1p+ Tlou shares?
5p+ has always been cheap imho so I'll use the cash if it arrives in time.
If only the placing was taking place now TG would have had a successful issue.
At 3.5c it is currently nip and tuck so still too early perhaps.
Never understood how they calculated 3.5c it was clearly too high.
I have said once this reaches 2p we'll never see 1p+ again on here.
The green filter has not commented because he will be waiting for the 1p+ price before being wise after the event!
ASX moved up to 3.4c 1.74p equivalent overnight - that is the crucial factor imho - once both are over 2p+ the only way will be up!
I see Elon Musk has launched a Methane detecting satellite for the globe. I have mixed feelings for TLOU - could it direct us to the best spot to drill a well or will it be great publicity if we are not leaking methane and prove we have produce Green Energy.
If we close at 2.1p it will be a challenge for ASX to match it i.e. 4.1c ,
my IG break evens are
Market Tlou Energy Limited (LSE) Tlou Energy Limited - (AU)
Avg Price 2.3002 (p) 0.037383 (AUD)
I'll be able to afford a pub pint for you olda when we reach those averages.
I might even have one myself :O)
I cannot believe that we are withing a few months of generating electricity that has been years in the preparation, that the share price reached 17p in far less heady days, fell to less than 2p whilst the TX lines were expected to be ready withing a year, that a new drill (#6) was delivering the best flows yet (i.e. better than Selemo which has been operational for something like 8 years), that #4 was delivering better flows (and #4 had overtaken #3 within months of being commissioned , having given #3 a head start timewise) using the lessons learned from #6?
YET THE SHARE PRICE IS STILL BELOW 2p.
If TG had a history of failure it might be understandable - but the guy has worked wonders! He has endured probably the most adverse conditions imaginable for an AIM company in Africa , has TLOU within a few months of first production and an income from the GOVT of the country , not some tin pot African company who may not pay , and people want evidence that the company is not going to fail??
The saying is a fool and his money are soon parted! I don't know how you word those of you who intentionally miss out on the bargain prices that we have for a limited period imho.
I just did a dummy half-million sell and was offered a better price than I accidentally sold for this morning.
It won't be long before the price explodes imho - the rain has stopped and sun it out so that is it for this week I guess.
Weird - I cannot understand why my limit bid of 1.71p has been rejected since 11am!
there has been 5 buys since then - all for less than my limit!
I have cancelled mine and will not be using limit bids unless I buy on ASX!
Commission there is 10AUD or £5.16 instead of £3 for the 2 buys and the price is 3.2c or 1.65p which offsets the commission compared with 1.71p
I have the whole of March to decide ....
sod it! i used the new platform on ig instead of the friendlier old platform. the ********s seem to have switched my buy into a sell and because of all the superfluous rubbish on the new platform i never noticed!!
so i sold 7k which is ok - it is still 1 transaction - but it will almost surely have cost me a few shares!
i tried to buy what was just just over the minimum £90 trade so i revised the quote to 7k for a £105 total and did not see they'd defaulted to sell!
Well said Olda, of course he does. When he embarked on the Tx pole and wires he was not gambling a great deal of scarce funds on a whim! He is too frugal for that!
The failed placings demonstrated to me the urgency he had to extend the wells as fast as possible because there is enough gas to go live from #6 and #4 - his frugal hat would have preferred to get certified gas flows, rise the share price , deminish the levels of dilutions as a result, and then delay the momentum with a long wait for theTX lines to catch up????? And problems with the gas flows which would be wasted or capped?
Imho he has it 95% right - the 5% was the placings which were the biggest risk die to the plonkers that don't have lost the faith in him! And a desire to keep the Doc's holding around 34% which appears to be what the Doc intended by withdrawingfrom that placing. And TG could not be certain that we'd bury our heads in the sand!
With Botswana and Australia addresses needed , he clearly ignored the volume of sand in those countries?
3.5c was cheap but the stupid 3c SP makes that hard to believe I guess? I thought it was worth losing money to make the placing a success but as usual I am a minority of very few shareholders. And TLOU forbade me doing it because of my address which was a bit silly.
My monthly top up has failed - no shares available after my first 7k tranche went through.
I have reached end of February and trades today will settle in March.
Which month will IG consider is applicable to those trades?
I did a search on google and found the same question in 2020!
Pleased as punch to find the answer I clicked on it , and it was not answered!
Then I saw it was from me under my Aussie avatar at the time.
When I research TLOU I often find posts from these pages in the replies. Strangely Donkey never appears so it shows how irrelevant his posts must be. "Sekaname economy of scale" will surely find him in one guise or the other, maybe!
I take issue with the views on here though I respect HB and Winni and the filtered one is still filtered and is probably now a fat ball sewerage blockage!
The share price is where it is not because of delays but because TG has made sure TLOU can afford to support the project in it's current state.
Imho the project is progressing perfectly.
Selemo proved the concept yonks ago!
Lesedi has been very slow to dewater compared to Selemo which responded to horizontal drilling in a couple of months after our predecessor failed to dewater vertical wells and achieve sufficient gas flows BUT HOW MANY YEARS THEY HAD DEWATERED SELEMO and how much were horizontal wells responsible?
Was Selemo a better choice? Lesedi #6 , presumably helped by varying degrees of dewatering at #3,#4 and #5, is reported as flowing up to expectations! #3 and #5 are dormant due to lack of funds , but #4 has been improved with the experience gained from #6.
It is common knowledge that initial dewatering can take months or years but subsequent wells benefit from that and are much quicker. And , with no plans for the gas, increasing gas flows before the Phase 1 (25Mw+ to Serowe) WITH NO INCOME is not critical.
We are now within weeks of completing the Tx lines and generating an INCOME which is where TG expected to be yonks ago when we were going to sell GAS CYLINDERS by road haulage.
Imho the project is entirely on course and self financing will make getting finances on a secured loans much easier if TG goes that way. And if he goes for dilution then it will be healthier dilution with a much higher share price tha recent placings! Those failed placing will prove to be a blessing in disguise if I am right.
In short , TLOU are on course and the only thing that is damaging them are those recent placings which dragged the price from 5p+ down to the 1p+ that we see. The special deal at 3.5p in the UK should never have dragged to market rate to 3.5p but I have said that many times! 3.5p without the 4.4p option for 2 years was not a terrible concept and it raised the funds required within 24 hours but so many prats tried to profit by trading out to come back in a lower price repeatedly since then is responsible for those 1p+ prices.
Had they not lit the gunpowder and Covis did not kill off those 4.4p shares within those 2 years we;d have been OK! The options would have been TG's gift to us and fully taken up at 4.4p with the share price being 8p+ imho!
COVID is the main reason and misfortune from us having too many prats holding shares with Parkinson's disease - shaky hands letting go of their golden shares.
Npwharf, I think you are referring to the Tlou financials rather than the whole picture.
The assets are huge with 3 trillion cu ft of gas, a TX line at the door ready for the easy part i.e. connecting a generator to the gas and the power to a substation using tried and tested methods.
All over the world methane is escaping from the ground and polluting the atmosphere. I find it impossible to believe that believe that TLOU methane is going to hide away forever. As I have said many times, there has been no incentive to maximise gas flows whilst all we could do is to cap it off or flare it? I assume Selemo continues to provide enough electricity for the site and Lesedi #4 and #6 gas is surplus to requirements. #3 is in the wings too.
Once it is all systems go who knows whether #3 will burst into life as the coal dewaters and unplanned channels appear.
If TG wanted out surely there would be buyers out there who'd welcome the chance to take iton.
The Doc , Pension fund , UK group that raise money over 24hrs could afford to buy us little guys out plus the TG trust/group which might only total a thrid of the shares?
Not sure it would be legal to do that. If TG was included it should be totally illegal but companies do buy back shares to reduce the share numbers for the current issue? And the Oil and Gas companies that are making billions will surely include one who'd buy up the project to reduce their tax liabilities and have fun in Botswana.
I can't visualise Lesedi becoming one of those Nevada ghost towns somehow. Sirius went for peanuts but was too big , TG's frugality has provided an open book for any new developer! I cannot see TG leaving this with huge losses on his investment when it is so near to phase 1 completion and the excitement of earning revenues..
I hope you did not reply to me mate, I am finding it very easy to honour my filter because I am no longer concerned that you can damage TLOU.
You have lost credibility on here with 99% of us for starters.
And TLOU have passed the point of possible failure.
We are now at a point we expect we'll be at several times up to mid-century.
i.e. New tx lines being added to the existing supply.
This is the first one , but in 25Mw time we'll be in a similar position with a higher capacity Tx line needing completion to addtional wells. Whether Serowe will be target , and Lesedi the source , I dunno.
Mamba to Northern Botswana , or Boomslang or Lesedi to South Africa are conceivable.
Orapa makes Mamba favourite behind Lesedi-Serowe imho. Why not feed Orapa as well as SAPP and Northern Botswana.
I have often wondered why Gabarone is not the chief target - I'd expect the demand in the capital to surpass the rest of the country without Orapa which is trying to manage it's own supply.
I can only guess at what the sire idiot said.
I suppose Sekaname will revalue the Pula so that TLOU earnings from 10Mw in the next year or two , and then 25Mw+ to follow from extra wells and Solar WILL MIRACULOUSLY be worth less than Seka' icome from 6Mw is 3 or 4 years time?
Let's face it , Seka need Tlou to be successful in the next 18 months if Seka are going to get the funding they need. I guess there will be Mafia money available to KE but they will have an eye on Tlou's progress too.
KE got some cash from a US bank - I wonder if they are happy to top up their investment?
The pension fund will be happier with Tlou I reckon. Their 11p buyin will soon look reasonable imho.
HB 12 years have elapsed but they were not all productive through no fault of TLOU.
The RFA fiasco which was impossible to satisfy lost all the momentum at the start , and worst , killed all the early optimism and produced a safety first approach instead of the previous laissez faire attitude that was going to have lorries deliver cannister of gas within very few years!
That mickey mouse target was soon replaced by a full blown ambition of becoming a leading energy producer which with hindsight dragged this out for eternity (it seems).
We'd have been operating the mickey mouse plan for yonks had we stuck with it and lord knows what sort of business we'd have had going into and out of lockdown?
TG has worked miracles to keep us on track imho - and we are now in the mickey mouse position we had all those years ago but with MASSIVE potential to be a power house in Botswana instead of a Disney gas cylinder provider with plans to move on to more ambitious projects?
We'd have all been out of here I suspect having made a nice profit at some point. Would we have been taken over? I dunno. The modern TLOU energy will definitely attract the big boys perhaps. But I hope we grow into a big boy with TG at the helm.
Interesting developments here - I think TG or CC have made a boob by having the latest placing when they did and how they did it.
Until today I honestly believed Orapa was in the market for gas to power their dual power generators which are capable of running on gas or oil and diesel prices are prohibitive! Switch over always looked problematic and they'd have no power while their generators were adapted to gas once the gas arrived via pipeline.
It looked to be a long term solution to me and Mamba was the obvious source.
Until Lesedi was earning, it seemed a step to far for TLOU to fund Mamba from scratch and intall a pipeline.
BUT I always believed it was coming one day until TB;s posts today.
It was my understanding (I have not checked it out at this point) that Orapa was nowhere near the grid , hence they had their own power. So, reading between the lines, it may be that the national grid was simply too unreliable for the nations main industry, gold, to depend upon it.
Imho, the current position should be attractive to anybody with any funds to invest. The incentive for TLOU to push the boat out on produce masses of gas is screaming out for the first time in history! Ok the options are only somewhere above 25Mw to Serowe , and a pipeline to Orapa maybe. Add a possible Hydrogen partnership and lord knows whether a potential Crypto mine on one of our sites.
With an income from Lesedi imminent , there will be funds that are surely going to be split between extra wells and Solar power? 25Mw maybe the target for quite a short period?
That brings in a gas pipe line to Orapa, Crypto gas , Hydrogen if there is a green hydrogen plant, OR MOST LIKELY a second TX line on a much bigger scale than the existing one.
It is nearing the time the big boys might see the potential of TLOU so the Arrow and Sunshine precedents may well in my lifeline, against all the odds? Orapa is a bit of a mystery to me at the moment. And Synergen Met? And Crypto has never been on my radar - thank X!
Anybody know when AIM allows another full placing?
What do you make of the location comment, Winni?
100km in the UK is a long way , but is it in Botswana?
mmegi.bw on Jan 25th...
Tlou meanwhile is working on options that will allow the design of the planned five megawatt substation at the Lesedi project site to be adapted to beyond 10MW. Substations are required at either end of the transmission line, one to tie Tlou’s generators to the transmission line at Lesedi and another to integrate the line with the existing BPC substation at Serowe. Progress on both is estimated at 37%.
So they were quick in completing Serowe - less than month!
The Lesedi end requires generators which will take longer than the substation by the look of it.