Member Info for BradSmith

Nasir if you take your options you will receive normal shares in return which are indistinguishable from your current holding and you are free to sell or hold.

When TLOU issued the options they declared them to be NON-renounceable.
Think of the option as an IOU for shares which will cost you 4.4p or 8c.

If they were renounceable you could sell your IOU on Ebay or down the pub etc for whatever price you can get.
TLOU would then issue new shares to your mystery buyer ,( or whoever he sells them to) , in return for 4.4p or 8c each.

"Non-renounceable rights are issued by the company offering the shareholders the option to purchase additional shares of the company, usually at a price lower than the market price. The rights can neither be transferred to other investors nor sold in the market.." i.e. the IOU is only acceptable from the account to which they were issued (yours).

Well done Kernow, the key term is vesting period or schedule.

This is absent from our RNS , but all out options appear to be immediately available.
A schedule would limit how many can be executed at each milestone.

It begs the question , can we spread the take up?
I'm ok because I have 4 accounts each with options so I can spread them one account at a time!
The example given in my previous link took all 100% so did not help.

Cashless exerciution looks good if I'm short of cash - I wonder what they charge? They'll sell shares to pay for it and anything else.

Zippy, I'm not hopeful of getting any posts that help decide on what to do here so I'm looking for myself.

Our options seem to be classified as Employee options because the option rights cannot be sold - we have to take or reject each option , and TLOU will delete those we reject i.e. nobody else can have them (avoiding dilution).

This looks a good starting point ...
https://www.thebalance.com/understanding-your-employee-stock-options-2388513

Reply on here shows complete thread - maybe it is based on how long the thread is.

Guys, I think you may need to speak to your brokers to take the options.
They might then add them to your portfolio and/or make them tradeable online, or pass it to the back office to do.
I believe commission is payable by us, unlike placings where the company pays - so online might be cheaper if you are given the option.

I'd appreciate any news on this, I have never been granted options before and accepting them looks a bit random between brokers.

swinger, TG said Botswana was a better proposition than Australia because prices of up to $30 were achievable , whilst in Australia it was only $10 - $ $12 plus ever-increasing red tape in Oz.
Cannot remember who said that $18 was a competitive price for both sides of power supply but it was from TLOU or a professional pundit. I favour TG seeing I remembered it. This was pre-solar talk, so CBM powered electricity.

I suspect solar power will be more profitable but is it? I suppose panels need replacing more often than generators.
The price must be same for both if they share transmission lines ????

How odd, whilst replying it shows post 1, but once posted the full thread appears.
How many years has it been like that?

swinger, there are half a billion shares currently.
If you are happy with 1.1billion dollar sell - you are saying you are happy to take $2 per share, £1.10 in English.
If that happens my sons will be millionaires .... what have they done to deserve that :O)

I have just realised that a reply to swinger limits the thread to the the first poster on the thread.

So that is why MM opens a new thread instead of replying to an existing thread ( 90% of the time!).
4billion would be £4.40 ....... but dilution could lower thos figures. We are so lucky that our CEO is set on keeping dilution to a minimum.

Donk, I know dilution is something that concerns you greatly.
It is obvious to me, but have you realised how clever TG has been with the options?
If they go ahead there will be dilution - if the price has not appreciated enough in those two years to attract takers, then TLOU will not not have lived up to his expectations BUT THERE WILL BE NO DILUTION! At that point, if it is the timing that is the problem, he can repeat the exercise.
I was once told I take my skills for granted, and then blow up my short-comings too much.
Have I just stated the obvious..... I wonder.
My advice came from a copper after I was awarded a commendation from the Chief Constable which I had not thought was a big deal. It is in police circles!

Lager, not a good shot though? 1. It finished over water and out of bounds. 2. The ball was moving when played - a one-stroke penalty. I thought the longest shot ended up in a wagon of a passing freight train :O)

I suppose Concorde is responsible for the "mile high club" longest distance travelled too?

My ISA profit is now over 36% , Donk.

https://wwos.nine.com.au/videos/golf/bryson-de-chambeau-370-yard-drive-video-bay-hill-sixth-hole-arnold-palmer-invitational/ckly80zxf002w0imnby33k5x7

Donk please change your name, you are not worthy of the name moagi!

How is the the ASX closing price of 8.1c not a profit if the price of options is 8c which it is!
That said the trades on ASX last night are confusing. over 2M shares sold at 8c+ some over 9c!

https://drive.google.com/file/d/1F1k2MArBkhUS1dKygpflF0ccbPr5osjF/view?usp=sharing

With a guaranteed buy back price of 8c I guess they are protecting their options.
If the price falls they have the cash or can buy more than their options on the open market with no dilution.
If the price rises it is PROFIT !

Donk , we is not me and you, it is clear you have been caught out at prices approaching 17p.
My IG Isa has swung round and is 28.16% up, and the share dealing (nominee) account is only 0.000652c per share down with my break even price at 0.080652c and there were many opportunities to have averaged down more than I did.

Plenty of savvy investors will be well in pocket but are keeping quiet.

Jesus, somebody has just driven across water instead of circumventing it on a par-5!
https://ftw.usatoday.com/2021/03/see-bryson-dechambeaus-stunning-370-yard-drive-on-a-bay-hill-par-5
He carried a huge lake to end up 90 yds short of the green! I wonder if he walked around or on top of the water to play his next shot?

Oz has opened 8.3c - 8.8c so we are in profit on ASX options.

Happy daze.

"Tlou Shares Surge On Interim Botswana Power Purchase Agreement
Fri, 3rd Apr 2020 11:11
(Alliance News) - Shares in Tlou Energy Ltd jumped sharply on Friday after it announced an interim power purchase agreement with Botswana Power Corp.
The Botswana-focused power generation company's shares were up 52% at 2.28 pence in London in morning trading."

An RNS was responsible for the price hike and the TLOU news above, followed by

"Thu, 16th Apr 2020 14:57
(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Thursday and late Wednesday and not separately reported by Alliance News:Tlou Energy Ltd - gas and solar projects - Says cost reductions in place to counter Covid-19 impact. Notes state of national emergency declared in Botswana. "

which corresponds with the very dramatic drop in price!

https://drive.google.com/file/d/1ip-EvCeZK8WiEmzu2sLeoygwE6PZwc3i/view?usp=sharing
(same link as before in fact) now shows the two major sp drops , 1. the rise to 17p and subsequent drop , and 2. the start of covid lockdowns which produced a much faster decline.

If I want to self finance the option shares I might use this link to decide when ...... but please do your own research because this could be delusional, and probably is. However dilution at the end of the 2 yr period seems likely if we all leave it to the last minute?

I reckon I have proved Covid had a huge impact on the sp , and was a huge hindrance.

DONK, have you ever tried to cheer someone up ....... as mrmoagi youhave resisted mention of the price dropping into the 1p's .... I suppose that is progress? see you Pilgrim!

mrmoagi ain't that funny surely ?
The biggest threat is possibly over, I think you can stop fearing the missus by now.
Has my bottle of beer arrived in Robin Hood's bay yet? You will die of thirst at this rate.

Why did you expect someone to respond to your text Bob? You told us your woes (not selling at a peak, not buying in the trough) did you want sympathy? Or did you to be abused for getting it 100% wrong?
Several of us suggested filling the old boots when the price was low, so you cannot blame us forvfor not buying!
On the failure to sell , I reckon everyone on here is in the same boat except those that bought at the very peak?

TG gave us 2 years to buy bargain options at 8c or 4.4p when the price was falling and several posters thought we would not attain those prices in the time period. We are virtually there already. Is TG expecting it to be back to 17p or more by the date in 2022 - imho I suspect so, and I agree with him. Stick with it BTS by June 2022 we could be moving out of exploration and into production imho.

Looking at my charts I have noticed that the profit on our options look directly proportional to the prevailing price a high percentage of the time.

The exceptions (where the shape is not mirrored between P/L and closing price) seem to be during a sharp fall in price!
The P/L seems to be dampened compared to the share price drop! I need to check my spreadsheets in case I have neglected something obvious but it looks like the profit during a drop is a good time to sell and take up the options.

The good news is, for me to be wrong means the price will recover instead of dropping further? As long as there are several false dawns it can work ok. And if the price keeps on rising (no more false dawns) it is worth shelling out the cash as new money for an instant profit!

Because, apart from the silent minority on here, all we read is how poor it is that nothing isn't being reported as something?
There are few exceptions , Thornback, Damo, and DTE spring to mind, but MM has to be included of course (though imho he is too biased for anyone's good) and maybe others.

Unfortunately, in a dark room full of deaf people, someone has to keep shouting!

Moving on from Whizzer, My1 and Donk who have been my adversaries as much as anyone ......
I have produced my charts from the historical prices and looking for an indication of an optimal price pattern to take the option share at the best time.

https://drive.google.com/file/d/1ip-EvCeZK8WiEmzu2sLeoygwE6PZwc3i/view?usp=sharing

BTS we don't hear from TG because he has little to tell us! When he does all we get back is "same old" style responses.
Once he has something to tell us I'm hoping it will cheer you up a bit.

If I feel sorry for anyone it is not me mate.
You persist with TG missing deadlines!
There never has been a deadline! He has given us structure plans that were really his wish list - BUT so much depended on outsiders that they were only estimates.

Why do I fight my corner? Because nobody has made me doubt myself regarding TG and Tlou.
Any fool can call people delusional but to be taken seriously they have to back it up with believable facts! Imho nobody ever has! Our finance director has admitted to being a bit premature with the tantalisingly close remark. I am certain it was his belief at the time, he is not delusional , just too trusting perhaps? And events soon after scuppered his hopes ,and ours , but now there appears to be a vaccine! I have repeatedly said that is the key to the door. Enough!

My1 you can change my mind with little effort!
Just show me where TG has gone wrong! I am an agnostic (which anyone with a brain should be) because denying proven facts is not very sensible. I am really an atheist because nobody will never convince me TG is anything but honest in my lifetime , unless someone does , whence I'll probably have worked it out for myself anyway!