i don't the fear over gas flows and funding.
put a football in the penalty area where there is a decent angle to the goal!
most of those angles will be too tight for any of us to hit the target or to even kick the ball far enough in my case! that might make you think those positions are tricky!
now put de bruyne on the ball and they are simple!
we tg on our ball - all you need is faith in him and the worries disappear!
the gas is there and global warning tells us that is a problem because it is escaping all over the globe.
we are helping it to escape - it is merely a question of time before it happens. and if i am right , tlou are only able to use the gas from 2024 because the electricity needs the tx lines to join the grid!
as for funding , the amounts tlou require are petty cash to investors around the world!
there must be thousands, maybe even millions, who'd invest at the right interest rate.
any one of us could chose one of them! at what rate?
luckily tony ***in gilby is not looking for any old deal - he has and is looking after us!
we just have to see what deal he finds acceptable .... a few million quid nowadays is nothing!
keir starmer is talking billions on education budgets and people are saying £1.7bn is nothing!
the time to worry is when tg reaches the dragon's den from the visitors lift!
Https://www.asx.com.au/markets/company/tou
ASX is bearing up quite well - it is LSE that needs bolstering currently.
The rumour mill on funding will probably start rotating in Brisbane first (or in Gabarone) but nobody seems to talk about the native exchange on here.
Channel 5 Abusive wife programme last night was horrendous - made Ken Russell films look tame imho because we were watching actual live content , not actors. The Devils was memorable before last night.
I took my missus to see that one. I mentioned it on a chat room and was asked what the hell?
When I thought about it I was mortified at my filmography with her!
Straw Dogs, Emmanuelle , Blow Up, The Devils, Clockwork Orange , Lady Chatterley and other D.H.Lawrence films. and even at home , Dennis Potter tv series such as Singing Detective! I guess we did watch romcoms but I don't remember them so well. Pretty Woman being an exception.
The green poster was bound to come on here if the sp dropped below 2p even 0.0000001p would prove him right all the way along and Sekaname will be overtaking despite driving in reverse hear the wrong way round the track?
ASX are LSE are not far apart - that is the important factor. Nothing will convince me this share won't be 5p+ in 2024 and hopefully before FALL (Autumn).
Looks like an all Manchester FA Cup final -so cmon TG , get my mind off football.
Colm is bound to be right one day using my philosophy? I am expecting a UK consortium to come up with the funds before long. They will know a good thing when see it.
Winni - suppose I argued that we have reached current progress earlier than they expected.
Borrowing money too early would not have been sensible unless we could use it.
I thought the Eastern Block placing, without London , looked very rushed, so it is possible.
Or did they expect the Doc to support either or both that placing or actual funding?
He did neither afaik, so was that his choice or was it TLOU's concern that he was getting ever cioser to 51% and overall control , or some other reason?
GG hardly sets an example by never putting any of his money into TLOU. Does that worry Bots' nationals including the Pension Fund? And maybe the Govt itself? If he does not see the potential then how can outsiders.
Whizzer, you have never supported TLOU 100% but I hope you have taken your money out too early!
Hopefully you'll be buying back those shares soon at a higher price! Or I buy some of your cheap shares in the near future.
We all know that energy prices are dictated by the price struck well in advance - I wonder if there will be forward markets we can sell into once we satisfy BPC's initial order. Or will BPC partake themselves?
That could avoid debt and dilution if they will pay in advance! But that is impractical until we start delivering and flow rates are commercial +.
Are we being fair to Colm?
His unrealistic quotes were from the days when there were rumours that banks were going to pay (charge) us negative interest for holding our money for us.
TLOU, with hindsight should have filled their boots with very low interest loans. But with no income we;d be repaying that interest with some of our borrowed funds? And if there was a pandemic , income wcould be delayed indefinitely! Too risky surely?
Now that interest rates are considerable the potential lenders will want the maximum rates. And TLOU will want the minium rates! Colm might well be right - plenty of offers but at what price?
Do we want him to accept 20% when in 7 weeks he might get more money at a lower rate elsewhere?
And are lenders chasing interest rates or equity in a company that they need to put their faith in, either way?
Gee, ASX rises to 4.2c.(2.171p) and the roi necks are taking less than 2p - how thick are TLOU holders?
3p could be challenged , setting the mark for ASX , but people prefer taking a £100 profit now rather than a £1000 profit as we get closer to production. That is what TG has been battling against for years - when is everyone going to get behind him? Worrying about dilution here is crazy. We have gone from 600m to 1bn shares through the most difficult circumstances that were beyond imagination! Pandemics, Lockdowns, Slow dewatering, Shutting down when we needed expansion, Economic chaos for personal finances, and TG has kept out heads above the water.
When I was working and earning well above the national average I was earning not a lot more than today's minimum wage. Imagine what life is like on pensions that are half the national wage now! Fortunately I do not have to find rent or mortgage repayments so I can survive by leading a frugal life. Last years MOT revealed I onlt drove 700 miles the previous year - it is probably going to be lower this year, And that is more miles than I do on the motorbike which means leaving Poppy alone at home. Football matches are about 20 miles per match round trip.
I continue to buy into this golden egg with my limited disposable income for your bargain prices. I should be thankful but I;d prefer the Pension Fund to be in profit on their 11p shares so they can justify investment into this sure thing! We'd be in production with that scenario and maybe 10 production wells. Shutdowns may not have been necessary if the project had never dropped below that 5p share price.
We need a Mcap of £100m+ and selling at less than 2p or even 3p will stop us ever getting there.
We'll stay on speaking terms then Olda.
BTW I received duplicated claim forms for my late wife's pension last week.
I emailed to ask if they got the first set of completed forms.
Today , I got another letter saying that her short payments had been paid and they are in my bank.
The good news was the shortfall was across the whole period from April 2012 to Sept 2018! I.e. 60%+ paid in the later years 2017 and 2018 for which I has bank statements, was not going to reverse the direction of the payment. Average payments are £6900 according to Martin Lewis!
The bad news was only a £1 a week allowance was missed out, so my windfall came to a whole £369, hoho.
Following on from my activity two nights ago , this demonstrates the apathy on ASX.
One trade all night and that determined the 4c closing price.
As you can see there was an offer of 4.2c on the table and I was tempted to sell 1 share and sacrifice £5 commission. If I had done it the closing price would have been 4.2c and the buyer would have lost a commision for a measly 4.2c
I am unsure whether IG would allow a 1 share trade with many more in the account.
If I only had 1 share they would have to oblige me I guess?
https://drive.google.com/file/d/1fpnSTb2tb8BNuaq0QMO_K7rD_cMe6cEy/view?usp=sharing
In February TG paid a total over half a million dollars for 18.5M shares for two family groups of which he is the figure head.
https://drive.google.com/file/d/1n9xhRDfKDv8AbnkS9AUgdx1xRIaydmWR/view?usp=sharing
ASX closing price is calculated differently to LSE.
The final trade is the be all and end all so 1000 x 8c trades which sets the sp at 8c throughout a session will be ignored and the value of trade 1001 will dictate the price whether higher or lower no matter how much.
It is sensible because it is undeniably a real price - and the sp was paid.
Compare that with LSE which has 1000 x 8p followed by a single buy or sell at a different price.
If the spread is 6p to 8p then the final trade of the day is triggered by ....
1. Sell i.e. a shareholder accepts the top of the spread price which appears to the seller as 8p + or -
Partial fills starting with the highest available price are possible depending on the volume of the trade.
The trade price is therefore the weighted average for the seller , and the face values for all the sellers.
2. Buy i.e. a shareholder accepts the lowest price that sellers require and depending upon volumes might move up the selling prices so the weighted average will be needed again. The sellers get their price at face value and the buyer sees the average.
Whatever the trade type, the effect on the LSE SPREAD will simply reflect the deletion of any prices that were totally exhausted by the trade.
The LSE closing price only considers the revised SPREAD , not the value of the trade!
The closing price is the middle of the final spread - and no trades might have been done at that price.
Both schemes have their merits but , as I have demonstrated in the past , little old me can affect the prices on ASX with one small trade at theend of the day. I got it up to 4.1c at the start of the session but the ASX closing price was reduced by the final trade of 4c which could have been 3.4c or less of course depending on the mentality of the seller. LSE is probably the fairer method but neither is perfect.
I just got a fixed price on LSE of 2.196p 22,503 shares which is less than the 25000 I'd have received @3.8c on ASX last night. But I have gained money on paper with ASX at 4c , and I have hopefully helped to consolidate LSE price rises. How much have I paid in cents? I ask myself! Comes out as 4.243c
How does that work out?
I had £500.32 to spend. One LSE £3 commission on ASX 10Aud (call it £5)
495.32/.04243 = 11673 shares before deducting a small FX charge an a few shares.
497.32/.02196=22646
I am an idiot - getting so careless in old age - I expect "no shares available" as I entered buy £497.32 !
They include commission so it should have been 500.32p so I have £3 cash in my account!
170 shares short! But 22503 versus 11673 is a happy read.
Mission accomplished a trade above 4c
https://www.marketindex.com.au/asx/tou
Smiley! Just saw the spread move from 4c to 4.1c so my £500 is likely to be there is the morning for a GBP buy.
4.1c is parity with the LSE close plus a fraction 2.115p
I hope this is legal , discussing it on here?
2.1p LSE closing price is 4.072c so I am tempted to buy on ASX @ 2.6c+ to keep the momentum going.
I have tried 12000 @ 3.8c max 1.959p with a bit of FX commission if it goes through. Otherwise I'll have £500 to buy on LSE is the price is right. If people reject 3.8c it will be a good sign I guess? 3.4c+ should be safe for a day or two?