Member Info for BradSmith

Damo, I hope you are right but I am not convinced that unsettled sells will be available immedately for a placing application.

All my brokers have allowed me to use unsettled money to buy 'immediately' because both trades will settle on the same day.

On a placing they demand the funds are in place by their closing date and time.
They won't be in place tomorrow, which is why you cannot withdraw cash until settlement day.
If the broker sticks to his instructions he can surely restrict your order to the number that your cleared funds permit?
I am not saying they will do that, but I would not want to test the water!

I am battling away with the London office of IG though time is scarce.
Primary Bid's non-involvement means all London have done is give me a bum steer.I have asked ASX division to double my excess request and given them a history of the abject failure of the London division.

I am in danger of applying for half, all or 1.5 times my excess - it is crackers! I haven't even benn told what my entitlement is on AIM! And they close the offer at 12PM tomorrow!!!! I sent the link to ASX office to show them it does not exist - I hope they find it funnier than I do.

I did suggest this would happen!
Once it was too late to settle sales (like yours today) the cash will not be cleared for the offer!
I've never tested whether placements will honour unsettled trades but that could vary between brokers anyway.

They all tell you to have your funds in place by the deadline I think.

Have you covered yourself Caps? You risk ending up with none.

Thanks for making your shares available to one of us by increasing the excess count, Caps.
Your £5k will do TLOU no good at all, but I'm sure TG will still be trying to look after you as one of shareholders.

Bloody predictive NOT - you have to hit "tab" to accept it! They are NOT participating (of course) .

Just listened to this - 9 or 10 minutes long and a bit waffly but it tells you a bit about Primary bids.
After listening to it all (a recording it) I emailed them.
They replied very quickly to say they are participating in the TLOU placement so lord knows what IG are doing!

Think I'll ask ASX for both excesses against my wishes - I suspect two halves might result in more shares?

Here is PB interview from 2017

https://drive.google.com/file/d/1CvRp-J2myvygvcB8z9THAEZbDXvH11WM/view?usp=sharing

Whizzer, I just posted this to Donk. It applies to your thinking too to a lesser extent.

"Cherrylady
4 Jul '20 - 09:33 - 8688 of 8688 Edit

Which bit of "dead" did you not understand little boy?

If you had been in charge, we'd have been chasing 100Mw like your friends at Sekaname, and our liabilities would be such by the time Covid struck that we would be "dead"!

TG's approach has always been beyond your imagination, but most things are unless they are gloomy!"

Got a response from IG - passing the buck - but if accurate it looks like a successful placing is coming out of this.

I guess those who don't appreciate TLOU are not ex-SXX LTHs? If they are, they did not have many shares to be so relaxed that their TLOU shares are alive and kicking and are not down the drain.

That email ..... cannot say I understand it completely? Time is running out!

"Thanks for your email.
Primary Bid's (PB) custodian are processing these placings/stock dumps in accordance to their notification order, due to excess number of placings, there is back log and stocks will arrive at IG once PBs custodian are ready.

If you have any further queries, please do not hesitate to contact us.
Regards,"

Big money doesn't know we exist Whizzer.
I have manipulated the market several times on TLOU to set the sp where I wanted it.
The number of trades on all 3 markets wouldn't keep a barrow boy in Petticoat lane in coffee.
One of our biggest shareholders bought on the Botswana exchange in fact.

I sold some shares on ASX for 4.2c , knowing it was likely to set the sp to 4.2 just a couple of nights ago.
There is so much rubbish talked about market makers, but there needs to be big money being traded as starter!

You are right Whizzer - it is hard to imagine any LTH is in pocket.
The company has failed to keep the sp up.

But what have they done wrong?

They produced Selemo power in half the time Kalahari wasted from their PPA, dated 2012.
They still haven't produced and that cost us dear.
Instead of us giving us a PPA that was a million times safer than the one from 2012, Eric Molale's officers expressed doubts whether we could produce enough gas , so Eric wanted proof CBM is viable before giving us one. TLOU did not deserve such treatment, but the PPA was for 5 times more our preferred 2Mw, and the presence of unexpected water put that 10Mw out of reach until it receded!
Mr Moagi has replaced Eric and the PPA to a realistic 2Mw once the dewatering process starts to deliver.
We planned to open more pods to speed up the dewatering and then Covid-19 puts the mockers on everything!

The circumstances would have bankrupted most start-ups but you don't appreciate that Whizzer.
To have the prospects we have at a time like this is a near miracle imho!
We need lockdown to be eased long term and BDC to offer funds in the not too distant future, and we'll be back on track before Easy jet employ all their pilots! Nothing short of superb if you ask me!

Whizzer, you are hardly being fair on Colm.
You would not expect all Microsoft employees to be able to give to charity in the volumes handed out by Bill Gates , would you?
Colm is a new appointment under TLOU.
Colm joined Tlou in 2009 at the very early stages of the Company's activities and has been with the Company through all phases of its operations and development to date.
He moved to Australia in 2005 and commenced working with an audit and business services firm in Brisbane then later as an independent consultant providing financial and management accounting services.

He may have made a killing at Sunshine and Arrow but the chances are he did not imho.

"Low water levels at the dam have seen the effective power capacity of Zimbabwe’s largest power source reduced from 1,000MW to 600MW."

Poor old Zimbabwe , I bet they are envious of our proposed 2MW for CBM AND Solar combined.
Even 20Mw of each is only a drop in the water?

I really don't know why we are talking HYDRO, all I said was northern countries plan Hydro+Solar, and we are proposing CBM + Solar , i.e. the main source plus Solar to boost it, the coming trend. I was agreeing with you twerp.

Now look at the no of GW not MW in a year, especially the DRY SEASON figures ...... down on the average but still almost 40k GW across Africa ...... CBM is not applicable to many of the tables in the IRENA link as it is not renewable, but still gets the odd mention.

Have you thought about film production, MM, "Carry on Ramping" would be an appropriate title for you.

https://drive.google.com/file/d/1sjdAhSQspmk4IHXN33rBkePHxVsvvkjG/view?usp=sharing

I am going by the guy who I was with in hospital. He'd spent most of his working life in Africa and was very bullish about hydro - and doubted Botswana was short of electricity. He was knocking on 90 yrs old , so I thought he was just not up to date since retiring. He didn't say he was familiar with Botswana in particular and he worked with huge engineering companies as a consultant maybe on hydro, which would explain his ignorance about Botswana's power.
He was also quite hard of hearing and I was bed bound so conversations were limited.

Drought is a problem for running water supplies but don't they use dams to get round the intermittent dry spells?
Have you seen Lake Mead? It has a huge generator facility at the Hoover dam (I visited it) and
"Formed by the Hoover Dam on September 30, 1935, the reservoir serves water to the states of Arizona, California, and Nevada, as well as some of Mexico, providing sustenance to nearly 20 million people and large areas of farmland."

Why do you belittle hydro? It is massive! And is no threat to us in Botswana. It's been around for ages.

See page 21 of
https://www.irena.org/documentdownloads/publications/sapp.pdf

Hmmmmm.... saw " Have you hit your head or something? What a load of tosh!"
and wondered who thought my noon/midnight post was so silly?

I know several people believe TG is simply repeating his OZ adventures where he sold out as soon as the rewards were worth having.
But he still had time to start a third adventure - and has, big time for us!

This will surely be his swan song imho, so will he just sell up and live out his life with the money in the bank?
Or will he see this through and keep his mind active in the formative stages before relaxing as honourary chairman with a comfortable salary and more than comfortable dividends whilst advising his younger bod?
His shares will allow him to fully retire when he fancies, leaving us the same option , if we are still here.

I wouldn't bet on either but I'd like to see him prove that Botswana was all he cracked it up to be a while back.

Holy shi...... from my IG emails ...
London IG deadline: 07/07/2020 12:00 PM GMT
Australia IG Deadline is 12pm AEST 10.07.2020

I realised I did not know whether 12PM is noon or midnight!
What do you think? (Apart from I am nuts).

Now get the answer here ....
https://www.rmg.co.uk/explore/noon-12-am-or-12-pm

Before lockdown, TLOU said they were shutting down #3 but would continue to dewater #4 - primarily to preserve our cash until autumn. So it may still be in that state Learna until they have funds from this placing , and/or , heaven forbid, funding from BDC.

https://drive.google.com/file/d/1buDzt4K4AJT-u6lt-sX2-Rg7p1QRQZa0/view?usp=sharing

By my reckoning today is the last day to sell shares to fund your placing.
I'm basing that on the 7th being the deadline for your broker.

IG, London, have not responded to my request for excess shares despite them omitting their possibility from their email.
Trades are still below 2.2p here, whilst ASX is above their offer price of 4c at 4.5c
CBA continues to rise , a little. Happy days in Oz if not here.

The rest of the area are contemplating the same.
They have Hydro-electricity , nice and clean too , and can support it during daylight hours with Solar.
The only water Botswana seems to have in abundance is flowing out of the Lesedi coal seams it seems.

If you really are constantly talking to TLOU, MM, (no wonder it is so slow if you are) what do they think of BPC?
BPC favour dealing with South Africa over local Botswanan companies who won't pay for favours, like being considered for Govt tenders, according to this post. This one rings of truth despite the poster's occasional outlandish claims on other things.

Is BPC big enough to withstand this? We know several top posts are unfilled , including the very top pne, which may have held up back from getting our expected PPA yonks ago. Or was it because we ran out of brown paper bags?

It is posted on TLOU ADVFN
29 Jun '20 - 19:24 - 8677 of 8683
hTTps://drive.google.com/file/d/1buDzt4K4AJT-u6lt-sX2-Rg7p1QRQZa0/view?usp=sharing

Still have no word from IG about the placing on LSE.
Emailed them with a copy of the email from ASX office this a.m. , and have had a reply already.

It totally ignores excess requests so I think my doubts ,about options at 4.4p or prevailing FX rate in the future , might be their problem?

Here is their email. ASX IG closes on the 10th , and LON IG closes on the 7th ....

=============================

"We're writing to let you know that TLOU Energy Ord Shs has issued an open offer, entitling shareholders to subscribe for new shares in the company.

The terms of this open offer are:

-Ex-date: 19/06/2020
-Issue: Open Offer
-Ratio: 1 new shares for 6 shares held
-Subscription price: GBp 2.2
-IG deadline: 07/07/2020 12:00 PM GMT

What this means for the shares you hold

On the ex-date we will book this offer into your account at an opening price level of zero, using the above ratios against your position. This offer is not tradable in the market.

You have the following options for the shares held in your account:

-Take up the offer. Please reply to this email or call our trading services team on the number below to let us know you want to take up the offer
-Do nothing. The rights will then lapse (this is the default)

You’ll need to make your decision by the IG deadline. If we don’t hear from you before the deadline, we will lapse your entitlement as the default course of action."