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ASX up to 4.4c at close , looking good! 2.286p equivalent. The 1.8p 3.5c shares only have influence for 19 days and the mystery continues where those 169M are going?
Not TLOU's finest hour imho - it should be clearer who is going to prosper from a significant price drop that we never seem to get? Timings on options are so unfortunate for us minnows it seems. That misfortune guarantee we cannot hedge against dilution like the chosen few can.
I don't know what prompted your post Olda but Sekaname wanted to get into bed with BPC lock, stock and barrel. 90Mw+ was going to be a lengthy commitment.
TG wanted a couple of Mw i.e. the minimum commitment , for the reasons you give.
How we ended up at 10Mw I don't know (and Seka at 6Mw) unless it is connected to the Pension Fund participation in the latest placings? Govt influence upon them is another question mark for me.
TG has plenty room to play around with the extra 15Mw the tx lines can take. And 10Mw is 40Mw less than the original 50Mw each expectations. Remember it was only 100Mw because Kalahari threatened to withdraw at the Request For Proposal stage unless they were awarded a substantial contract by BPC/Govt. I am still convinced that was to attract the funds they did not have! A carrot for the Donkeys of this world.
TG just wanted proof of concept at the lowest price commitment because he chose Botswana expected ever increasing prices across Southern Africa. And he was right - due to Putin and his desire to go down in history with Caligula and Hitler and the price of diesel.
Reading between the lines - it looks like Botswana is being reported as being stingy with domestic electricity suppliers? And as usual BPC is claimed to be poor at keeping the books straight?
I think this is understandable given the unreliable supplies they get from Moripule.
To make up the missing supplies they have to go outside and offer competitive rates to other countries (many of whom are short of power themselves). The ones that are dependable are presumably given priority when it comes to paying up?
I might be using the rose coloured specs I have had since reading that TG said he expected to receive payments in Australia of $10 to $12 in a competitve market - whereas Botswana were paying $30 back in mid 2010's!
He thought there was room to undercut $30 and improve on australian rates!!!
If that is true BPC will be happy to pay us for a dependable supply?
Itis up to us to do that imho! and do I think TG is capable of doing that?
I think you all know what I think on that! And what the sceptic will say!
Solar and natural gas power are our starter for 10Mw - hydrogen and additional power in time may make Botswana self sufficient and independent. Indeed we might end up exporting to South Africa instead of BPC buying from Eskom? Quite a turn round?
Omg I was right again! I always thought Orapa were just looking to convert their dual fuel generators from diesel to gas (CBM) so a pipeline was required!
My hope was that Orapa would spend some gold to install the pipeline to Mamba , leaving TLOU to get the gas to fill the pipe? Brilliant business for TLOU if Mamba follows Selemo on the dewatering front.
Yet again TG has been consistent throughout - my opinion was purely based on what he said years ago. And ,as you know, he is innocent until proved guilty in my tiny brain!
The Doc and Pension fund believe in him too from the evidence of the last few years.
Gee, reading between the filtered posts is quite simple, Reading the filtered ones is known to be hard to believe.
I was interested to see Winnis list of risks for AIMS investors and of course it is TRUE!
But what the sensible guys (and dolls) also know is more relevant!
Does anybody but Donks really think TG was oblivious to the risks?
Not only did he consider the risks were worth taking before he risked £28M of his own money in TLOUfor starters but he welcomed Africa and Botswana in preference to his native country where he had succeeded twice in making billions!
Was he foolish? His bank manager would laugh at anyone whi thinks he is?
No matter where he went in the world for project #3 - he'd have had the misfortune of Covid to contend with. The RPF was likely to have been more straightforward but that is not a certainty! He has kept our heads above water and water in a desert was possibly the last thing he expected in abundance? I believe paddling has turned into sitting on a lifeboat now! TLOU is the exception to the rule for AIMS companies. Some blue chips started on AIM and this is going to be another.
There is woman called Yasmin on Jeremy Kyle who is brilliant.
She is a witchand is telling the women of the world to clear out all their underwear when they change partners! Reminders of previous boyfriends must go to have a fresh start!
Storm Huntley said underwear is expensive! Yasmin said some women don't wear knickers so they don't cost anything. So funny!
Better than talking about the village idiot.
I steer clear of balance sheets since my days as director of my my own plc.
I generated the content and never understood my own figures by the time my accountant had turned them into accountant's speak!
The first thing I wanted to do was to buy my car from myself.
My bank manager said he could not advance the money to my company because it had no assets for security on the loan. Understood!
He said a personal loan to me was a formality.
He agreed to me repaying the loan from my plc bank account.
It went ahead - mission accomplished I thought.
Some time later, loan paid off, I part exchanged my car for a new car.
My accountant prepared my accounts, with me thinking my company owned my original car having paid off the loan for me.
But no - my company apparently owed me the part exchange value of the car???
I will never understand it, partly because I did not want to. If the tax man queried it, I wanted to be able to truthfully tell him I did not comprehend it and my accountant needed to explain it to him.
Accounts went through fine so I put my faith in my accountant thereafter.
Anyway, I have never challenged Donk's claims on what these convertible notes would mean in terms of dilution and his claim of 2Bn shares, Today I thought I would change that!
It was too complicated for me - just deciding whether a number is GBP, USD or AUD does my head in, always has! And then I see the Doc has a fixed price of 3.5 cents (AUD) - simples?
But elsewhere that price is up to 6 cents (USD or AUD?) or 10% below the prevailing weighted average of the sp and I am lost! Weighted averages I am fine with, we used them all the time at BP Finance. But what happens to the 3.5c? The documents are in unreadable columns which makes it even harder.
I know how stupid Donks is on the simplest facts, just this week, 20th April invented for a factual 30th April close , and how additional shares to an earlier placing from the pension fund was not a wonderful result for him?
I cannot think there ia a snowballs chance in hell that his arithmetic on convertible notes are remotely right?
Here is you chance to shine Donk! Explain the numbers in plain English for me showing the currency in question. You have never defended yourself on any issue in a decade so I do not expect a positive response here. The filter is back in place but if you succeed in this mission I think the gasps from other shareholders will tell me I need to unfilter your posts and I'll have some numbers to crunch (in all senses ofthe word) because they are 100% certain to be massively wrong imho.
It is April , and Donks is the April Fool, not for a day but all 366 - a giant leap for an ass.
I was asked to fund my credit card by my bank because I passed 90% of my credit limit!
The card does not have a sort code and account - just a 16 digit card number and I wasted hours trying to fund it! I was at the point of ringing them to sort it out when I found the option to increase the credit limit online. Took milliseconds to enter a new limit and it was done there and then! Sorted. Why didn't they suggest that to start with? PC is over the top nowadays. Years ago they'd write to tell you they had automatically raised the credit limit. An automatic house insurance from last year was unexpected. Luckily it was competitive so I got away without cancelling automatics which I usually do at the beginning.
Current spread for fixed quote on 6k shares - 2.16p and to buy 2.492p mid-point 2.326 tiny rise if is holds.
Funny how one minute Donks is always going on about the bottom line - and when I say my average is 2.2996p and we reach 2.3p or more - it becomes a source of derision for him. And he wonders why we don't take him seriously?
Constant drivel Bots (yeah I forgot to put the fiter back on last time) I onlt mention the 1m because they are in profit. I have 3 other accounts with shares on ASX and LSE but I haven't said how many they are or whether they are in profit or not! They cost and are worth a penny or two over £25k though chum! Those £300 or £500 monthly top ups for frequent trader discounts mount up - but 1+1 is still i2 so you'll never understand.
Why did the Doc not participate in the placing? Has that reason now disappeared? And cloth head why is the 20th relevant when it is the 30th that is the deadline. Do you ever get anything right?
For dummy sells and buys of 6k shares.
Bearing up quite well considering the 1.8p being asked for the 169M placing.
"Connection to Serowe substation achieved, Lesedi no longer isolated from primary Botswana electricity market" - does that not mean the substation is ready? Especially after the following bullet point ...
" Lesedi substation which will connect Tlou's power generators to the transmission line now approximately 38% complete" which was back on February 23rd?
As I said at the time, If Serowe is complete then resources will not be split between the two sites so progress could speed up with only Lesedi getting 100% of manpower and kit. Installing the generators at Lesedi is possibly more of a task than installing switching gear at Serowe - but that is what the 38% referred to I suppose.
I still think of buildings for a substation - but they are presumably just secure areas with high railings lie we see in the UK? But the generators will have some sort of protection? anybody know?
Always look on the bright side of life?
Jeez would you ever listen to yerself Cloooboy. You appear here from nowhere; profess to be Mr Tlou Expert, for no reason other than to have a pop at me.
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Spot the newby??????? It is difficult to think of him ever getting anything right!
He does not know his own name half the time so it hardly surprising!
1 + 1 = 0 in his mind for no reason that he can justify!
Using my brain - he may not be wrong! 1 zero + 1 zero = zero but 1 apple +1 apple is 2 apples
"This reminds me of being in a primary school playground where everyone is busy running around .... where the only purpose of the adults is to let the children burn off energy."
Shame you never got beyond that level Donks.
We all know for fact that if wrote on here that 1 + 1 = 2 then you'd find fault with that because I wrote it.
You are a pathetic child. A poor apology of an adult?
I have challenged you to discuss a myriad number of times and you have never engaged with me and have merely tried to bully me in the playground while SIR was not looking.
As to what countries border Botswana - wtf relevance does that have? They were there yesterday and they will be again tomorrow - sfa to do with TLOU's history or future unless we join SAPP as seems likely and then it comes down to which country pays for the electricity TLOU supplies. I admit I do not understand how they know decide who has used the power and therefore who pays us? And how much power is lost in the form of heat in the wires? If the furthest destination is deemed lable for using our power supply then the heat loss will be more than if it is a closer neighbour.
Whichof these neighbouring countries is Karma going to raise his army in mate? You know, when he invades Botswana and creates a civl war that will close down TLOU but benefit Sekaname , your idea of the leading light in Botswana?
You ridicules TG for chasing a PPA of 2Mw , and praised Seka for wanting 90Mw+ and their economy of scale at 2018 prices?
Where has that ended up? TLOU has a PPA in Bots for 10Mw and Seka a PPA for 6MW ?
And you say you have called this right forever and I was wrong for longer than forever,
Apart from a few weeks in a weak moment of my life , I have had absolute faith in Tony Gilby getting us to his 3rd success in CBM from 3 attempts. You have doubted him all the way and you have never been wrong. Dream on and go back on filter chum - you need to grow up and go to secondary level education, Forget further education , forget A levels , you'll never get there!
I have just been asked what BOTS is bleating about and I took a look at a link he provided whilst trying to belittle a fellow contributor on here!
There is no end to his stupidity?
"The pension fund snapped up about 61.3 million additional shares amounting to 5.65 million Australian dollars (A$) (P50m) under the second round of an offer by Tlou that was initially closed in January."
He is a total ignoramus when he asked why they did not take up the offer in DECEMBER!!
FFS what is he on? Dafter than any brush that is in landfill rotting away.
That sentence tells anybody with half a brain or even less that they did take up ALL THEIR ENTITLEMENT by January - does he realise that January is seconds apart at its closest point with December - and THEN THEY SNAPPED UP ADDITIONAL SHARES!
That reads to me like it was a doddle to get them onboard TWICE . That claimed on here to prompted his outburst! 3 year olds are more advanced that BOTS!!! And they have not even started school? And he thinks he is clever?? Gee!
One of my ISA accounts with over a million TLOU shares is in credit at last. Not a lot as Paul Daniels would have said but 2.3 vs average of 2.29
My major ASX holding has a long way to go - 6.8c is the target and from 4.2c is a bit of a climb
Could take a couple of months?
Donk grew up being told he is the stupidest person in the world. He is proud of being a world champion and we are all boosting his confidence that he still holds that Lonsdale belt. Or he is a masochist and prefers our abuse to the strap his dominatrix uses on him after she takes his nappy off. He is sick guys! The metal on that belt must hurt below the belt!
Did Donk actually value TLOU above 100M? Hard to believe! If we end up issuing 2Bn shares that is an sp of 5p per 100M
100M is apparently the threshold for the big institutions to take an interest in us. If they include finance house we may not reach 2Bn and if they are investment companies then competition for shares could boost the price considerably. The only way is up.
What do BOTS and DONKEYS have in common? Both are asses a s s e s in case their are asterisks.
And he chose them for himself? So not totally stupid perhaps?
If anybody gets notification from their brokers that they are entitled to apply for some of the 169M shares , will they please inform the rest of us so we can all plan whether we wish to apply and organise our finances accordingly.