RE: Golden Cross for TLOU15 Nov 2020 09:31
I just posted this to Donk on ADVFN, I know some you avoid that site like the plague, so ....
Did you see MM's theory that the Pension fund might be buying on the Botswana exchange? He thinks that is why the sp is buoyant.
I can't find much information on it but expected to find it was them taking up their placements , as did CC and HS (and MM mislead some of us into thinking it was a big deal).
I think I'll drop dead in surprise if he ever posts something that is neutral or negative.
Personally, I think the rise is due to the lack of opportunities elsewhere.
Entertainment industry, travel , retail and wholesale, building trade etc etc etc are all in danger of bankruptcy due to lockdown.
And there is TLOU , everyone in Botswana united behind the need for more reliable economic electricity including Govt and financial institutions. As you say a bit of a gamble but less of a gamble than thousands of others, and the sp is incredibly cheap. Losing 4p versus an unlimited gain is not bad business unless failure is certain!
It is so far from certain with the options we have, and I won't mention TG , to keep you happy! Solar, existing power stations with dual fuel capacity, our main to supply the grid via Serowe - Lesedi, Mamba and Boomslang - and I won't quote TG's historical successes.
With Botswana seemingly bucking the world's trend towards lockdown ...... I think that is the reason for the upturn!