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PS CONCEPT DOES NOT FEATURE IN HIS SPEECH!
Concept is proven at any site that extracts CBM and generates electricity using it.
Can as replace diesel in other words?
So it comes down to whether trillions of cu ft is adequate , clearly so , AND CAN WE GET AT IT!!!
GAS is flowing and TLOU cannot use it so they do not not need it yet!!! Apart from proving that it will flow faster when they want it to. #6 sounds very promising and the changes to #4 too.
Henry Ford did not manufacture millions of cars to prove he had one that worked - that came once people ordered them based on the first ONE! That is where we are imho .... we need a few more #6 drills once we can afford them.
The two main cynics on here reveal their bias in consecutive posts.
Whizzer how do you justify "We have well over a billion shares in issue"?
1.076 bn is 0.924bn short of 2bn - I think most people would say 0.924bn is almost a billon.
I bn short of 2bn is1bn si well over is rubbish!!!!!
As for BOTS his self-contradiction is there for all to see? Eric is a dolt and source of truth in the same post?
Fact is tossed down the sewer too!
FFS , Donkey was the person who first mentioned the royalties that are payable at Selemo.
I have little doubt that Lesedi became the target because it does not sit on the same plot as Selemo and those royalties do not apply.
The royalties are due on the sale of GAS or the sale of Electricity (3% on one or 12% on the other but based on profit rather than production levels). I think TLOU have been very clever because I have never seen the accounts reflect how much is outgoing in the form of royalties!
We have used the gas to generate onsite electricity , saving 50k barrels of diesel pa - a significant saving on cost and green credentials. The crucial thing is we are neither selling Selemo GAS nor ELECTRICITY so no royalties are due???? The fact that Selemo has been productive and proved the concept yonks ago does not make it irrelevant. Isaac Newton's theories and proofs are even older but are still valid!
I still have the video so here is what Eric ACTUALLY SAID and it shows he does not have any bias at all and was willing to support us with an open mind if there are adequate resources!!!!! How many trillion cu feet do we have???
https://drive.google.com/file/d/1-BUly0i1FM7Sn9W2uIsILoHUfe0Hbc90/view?usp=sharing
I don't see a dolt at all , I see Massisi in the same dilemma in my imagination. He has to decide if TLOU are credible despite TG's history of success in CBM projects. But listen to Eric and decide how sensible he was.
Sekaname and his officers are the dolts imho.
"If ot (Selemo) was that good, then the subsequent drills would never have been needed."
Are you really that stupid BOTS???? Royalties were your bee in the bonnet and were why they moved to Lesedi , FFS!!!! They also abandoned a broken drill at Selemo so maybe the terrain was tougher than Lesedi too?
Don't argue with me - address your self-contradictions first!
You say that! Proof of concept was provided in 2014/2015 onwards when Selemo started providing electricity to the area, saving 50k barrels of diesel p.a..
But you ignore good news because it is beyond your comprehension along with anything that needs a brain and an open mind.
Ian Kharma , Eric Molale etc ? And you think I AM LIVING IN THE PAST??? Selemo is still producing electricity - how much proof does the concept of using CBM to make electricity is needed? Does copper conduct electricity?
30c up to $3 is enough for every shareholder to be in profit , even you if you bought at the 17p peak as we suspect? Unless you were too stupid to average down since then - which is very possible in your case.
Funny how Eric goes up in your estimation when it suits you? Some of his officers had doubts whether there was enough gas , he never said that he did!!! With his fat guts he chose to use a belt and braces approach - but Lefoko Moagi has no such problems. And you have delighted in the bad publicity that he is suffering from currently.
He has not been sacked because he is carrying out Massisi’s orders imho. He got involved in energy and needs to learn how it all works. Either that or the Canadians need special attention on some issue. There is smoke but no fire.
Bit lke Sekaname flares maybe?
There are ways and means BOTS ....
If a young couple buy a cot and decorate a bedroom with Disney Cartoon characters , do they need to tell you they are having a baby (naturally, adopted or surrogate or whatever).
Pressing on with the TX lines and substations suggest TLOU are expecting to generate electricity once the Lesedi substation is ready to accept a generator. Installing that generator suggests they have enough gas to power it up. If that were not so then the focus would be on finding the required gas to justify the expenditure on the TX lines etc..
Telling us the current story in full has backfired in the past. Any shortfalls are not taken as c'est la vie but brand the company as under-performing idiots - so why announce unnecessary figures for the critics?
2024 is still the target for first delivery of power to Serowe and much needed income. 1.07Bn is quite a way off 1.4Bn BOTS I don't understand why you persist in saying it is huge. Kenmare had a buy back to change their price from pence to pounds. If TLOU match Arrow and Sunshine valuations take us from 3c to 30c and $3 for 1Bn shares. Plenty of scope for profits on my 2.3p average on AIM and 6.8c on ASX.
DTE post highlighted the size of the buys today on AIM , so many 6 figure buys , now thos punters know the worst from the placing. But who is selling those numbers at today's prices? UK investors expecting to get an excellent price from TLOU for new shares perhaps? Tonight's ASX session may be interesting if they follow suit.
1,076,536,717 ordinary shares may be used by shareholders in the Company!
Dilution below ground at Lesedi , and in Brisbane HQ books, are the bad news and good news?
Both lower than intended?
Rode the motorbike to football yesterday after breaking 4 ribs on new years eve with no ill-effects!
Could not believe the female steward checked me over , trouser pockets (wallet in one, keys in t'other) and then said I needed my bags to be checked! She thought my jacket pockets were bags??? Two choc bars!!!
Unbelievably? How many 76 yr old rockers has she met for X sake?
3.5c was the be all and end all factor.
My hope was that the Aussies and Botswanans were giving off vibes that encouraged our directors to think the price was about to explode at the slightest excuse. I wasted so much time trying to maximise my contribution on ASX including using my late wife's savings against my private desire to never gamble a penny of them on stocks.
I was willing to lose money @ 3.5c in order to benefit the company in 2024 - a critical year imho.
The Doc does not share my goodwill, 3.5c was far too high for 2.9c shares for him , as were the equivalent of 1.82p for 1.55p on AIM if that was allowed.
Whoever decided that our stable 5p+ price should be sold to sophisticated minorities for 3.5p caused this!
I still think that the lack of options that came with that 3.5p price should not have lowered the rule of thumb share prices always reduce to less than the issue price.
I applied for over a million shares , an extra 3%+ on the 32m shares. They have raised less than £1m before costs which were £0.7m on the previous placing. After the disappointing failed OPTION debacle , i.e. 4.4p options when 5p+ was expected to rise over the 2 year option period - killed off by dewatering delays , Covid and that sophisticated issue @ 3.5p - TLOU have not tried to make good with us mere mortals.
With the bank rate at almost zero , and talk of negative interest , TLOU missed the opportunity to grab our spare cash now the bank rate is over 5% and ISA rates the same.
I felt guilty afyer my ill-founded criticism of those private deals with the Doc and others instead full placings, so I tried to support this placing! There appears to be an obsession with 3.5 whether cents or pence in the two failed placings.
I don't know if this is permitted - but if it was down to me I'd have resurrected our failed OPTIONS at 4.4p and 8c , intended to be a bargain price at the time, and made them actual bargains. 2.2p and 4c scream out at me. Could they have offered OPTIONS @ 50% of the prevailing prices in that 2 years perhaps?
With hindsigh some of the subsequent placings may have been unnecessary but that is with hindsight.
Judging by the lack of support i got from every quarter on my efforts to fund TLOU, TB, plus the ASX price being 2.9c, I am expecting an unmitigated disaster on the placing. There seems to be no underwriter , and shareholders requesting excess shares will be denied those that take their holdings above 20% of the company.
The only commitments seem to be from our directors themselves. Our main underwriters will get fistfuls from their 4/11 entitlement - so it depends upon their goodwill I guess. 1.82p is going to be a bargain - but the open market 1.55p is a bigger bargain if there are enough mugs selling at that price.
Finally clear of the farcical placement so could safely fund my account for my small monthly top up.
The prices 1.55p , 1.55p and 1.58p in order behaved as I would expect this time.
So I suppose they reduced last time purely because a cheap sell was requested whilst I was buying at a marginally higher price. 2.9c close on ASX suggests under-subscription @ 3.5c by some distance.
BOTS,YOUR link states clearly ....
"The index reveals that local electricity generation rose by 34.7 percent, from 660,349 MWH in the second quarter of 2023 to 889,535 MWH in the current quarter. In comparison to the same quarter in 2022, there was a year-on-year increase of 12.7 percent, from 789,354 MWH to 889,535 MWH. The majority of electricity generated during this period came from Morupule A and B power plants, accounting for 97.1 percent"
So how does that equate to "So a 600MW plant has consistently delivered well below 50% of supposed capacity."
A quarter is about 90 days so 889,535 MWH is roughly 10,000 MW per day which is 416 MW per hour.
Demand over any 24 hour period will have peaks and troughs - during troughs generation will be wound down - so , to achieve a 416 MW average, the peak power would have to exceed 416MW for the same durations.
97% reduces the numbers a bit but nowhere near less than 50%. Maybe Botswana energy is healthier in 2023 than it is feared?
What a tragedy! The best skater I have seen in my life at 15 yrs old, now 17 yrs old , banned for 4 years from competing because of drugs GIVEN TO HER 2 years ago!! Nothing will convince me that she asked for those drugs at that age or even understood what they did for her performance, Her coaches etc should be banned but NOT HER!
The world has been robbed , yet again , of the greatest talent in his/her field. Cassius Clay and now Kamila at their peak in all likelihood. Gutted!
Cannot help wondering if these licences are considered by the Govt to be money makers.
Is the treasury telling the minister to withhold them because they can be sold to the highest bidder once new markets are shown to be viable? Tlou going into production in 2024 might be an advert to the world just how good the potential is in Botswana for Oil and Gas , and other companies might highlight oher renewable fuels like solar and wind? I doubt Lefoko is risking severe punishment if he has the option over whether to take the easy way out or not. We know Massisi was taking an interest before and at the energy conference last year.
Are African Govts standing up for themselves against foreign companies?
https://www.gov.bw/mining/prospecting-licence-application
makes the price for the licence look like chicken feed @ 5 pula per sq km (30p).
I'd like to think Lefoko is clearing the way for TLOU to adopt all these licences once they start receiving an income, or will BWP pay us with licences? Tongue in cheek but the change of heart on issuing licences must be for a reason that may not be palatable.
Buy 1000 @ 1.59
Sell 'Sorry no quote available'
ASX was Bank Holiday - Australia Day
Suspect the 3 trades today were all buys (or are there 2 trades because two look identical)
You missed off #6 Well - then best well - Bots!
I thought I absolved TG from blame? Tlou could have kept the eligibility sections together in the RNS so IG realised that both ASX shares and a UK address for those shares were mutual companions.
IG should have sussed it out or were they right> U still dunno!
But at 1.5p to buy on AIM who'd want to pay 3.5c anyway?
I can buy at 1.5p on fixed quote but could not get a quote on a sell (both for dummy 5000 shares).
Come on #6 it us time to raise the sp!
Bit of a perk there - closed the account I opened for IG and opened a new Account paying an extra .27% and I earned nearly £20 interest from the TLOU bound money!
So IG will not get that money and I am in pocket!
I wonder if IG will ever tell me whether they made a boob or there was never a problem if we'd progressed.
Feel sad I have passed up over one million shares , but I gained 16k shares and over £20 profit in the end.
Not worth the time I spent on this but the story ends here.
Easy access Cash ISA paying 5.07% woould have made the missus happy I think - and her money is not being risked on the stock exchange - so I am keeping my promise to myself to never gamble her money.
On top of that I don't feel guilty that I did not participate in this placement - TLOU saw to that!
My memory blows my mind - I pulled the name Apiamma from nowhere , spelled it right and eveb found the post in question!!!
I was waiting for the first PPA (I think , possibly , to see what the price might be per Mw as much as anything).
It was obvious I had missed the RNS referenced by Appi.
"Appiamma
Posted in: TLOU
Posts: 2,675
Price: 2.65
No Opinion
RE: Gilby interveiw1 Jun 2021 11:52
Brad we've had the 2MW Interim PPA for over a year, but for what purpose now I have no idea - therefore of course the one under negotiation is for 10MW. As others have said all he's done here is to confirm they're at an impasse and that, despite comments to the contrary over the past year about the interim PPA and the recent fund raise enabling us to crack on, our future is still firmly in the hands of folk who seem to have little interest in progresssing anything. In the meantime he's trying to look busy and leverage some progress with alternative options."
I can see why Appi is in my "worthwhile" mamory bank though - he says what he thinks without thuggery or pulling of his punches.
I saw this on my way to the above post! Made me smile!
I explains why I considered him worth a memory or two?
His history is worth a read on https://www.lse.co.uk/profiles/appiamma/
This one makes me smile
"Appiamma
Posted in: TLOU
Posts: 2,675
Price: 2.80
No Opinion
RE: Omigod scariant2 Dec 2021 17:18
I don't often agree with Brad's posts, nor do I think his constant off topic rambles are appropriate. However, as a human being, I do understand and empathise with his situation and as a consequence am willing to give him some latitude. I've been happily married for 35 years - the thought of being in Brad's position allows me to do this. I am in no doubt that you Moagi have no mitigating circumstances for your unrelenting negative behaviour and constant stalking of Brad (and others) on here. Therefore your comment of 'get a life' really got up my nose. If there is anybody on here that needs to get a life it is you - Brad is just trying to bring something tangible into his, whereas you seem to be on a mission to urinate on everybody else's"
Now I have resolved to abandon this placing , I get a reply from IG!
Problems? What problems? No explanation why my corporate actions evaporated on the 19th and it looks like they are unaware of my anxiety?
Here is their email ....
"Hello xxxxxxxxx,
Thank you for your email.
The IG deadline date for the rights is 30/01/2024 and we will deduct your account on 30.01.24.
Make sure to have sufficient fund in your account to match the election.
Please let us know if you need further information.
Regards,
xxxxxxxxxx
Corporate Action APAC"
You are priceless BOTS .... not a word about my detailed progress and encouragement to other shareholders with ASX holdings until I resolved the issue for myself alone.
Why do you think I share my experiences on here? I hope that someone who knows better than me will tell me!
It rarely happens but I appreciate being told (it is the only way to learn imho).
Appiamma (sp) is the one exception. When Liz was dying I missed an RNS that would have changed my view on something. Appi realised that and asked, or told me, abot the content of that RNS. It was news I was waiting for , fairly important news , and it should have been obvious to all of you that I'd missed it.
I know I am a maverick - as a 12 yr old at school the teacher gave me 6d to buy a bun at the tuck shop when everyone in the class agreed on an answer to a maths problem. Anyone else , he asked? And I gave the correct answer. I am stubborn when I think I am right but want to know when I am wrong AND WHY! You tell me I am wrong all the time but never say why or your reasons are laughable, BOTS.
You are wrong ALL THE TIME .... Sekaname were never going to overtake TLOU , Karma is never going to raise a revolution , TG is going to succeed for his hat-trick , and the Doc will be a billionaire off the back of TLOU.
It seems as though I am dealing with the Asian office (APAC) so likely to be Sydney rather than London so do I fund my account or not? c'mon Donks what should I do? Is it going ahead or not?
TLOU are going to be the death of me - my buy just appeared as a sell - and I thought I'd hit sell instead of BUY with the spread showong as 1.5 to 1.6 !!!!
I tentatively looked at my contract note ........
......
Position: opened: Tlou Energy Limited (LSE), Buy 46121 Shares @ 1.5
was sweet reading!
Slightly recovered my position.
Sold at 3.1c last week which is 1.61p an apparent loss on 3.5c (1.82p) that I expected to pay on the placing!
Did a dummy buy on a fixed quote and was offered 1.5p a profit on my 1.61p sell on ASX!
Did an fx conversion to GBP , moved the GBP to my share-dealing account to add to my contingency float ,and bought on AIM at 1.5p Sold 32k and bought over 46k!
All that is left is to stop my ISA transfer to IG transfer and I'll have dug myself out instead of going to the omnbudsman and suing IG for compensation.
But how many hours have I wasted on this. And at 1.5p to buy on the open market who wants a placing anyway?