Member Info for BradSmith

Have not read it all Donks!

You are dafter than a brush - ar some point in time Henry Ford had produced one car!!!!

Look where Sekaname’s 93MW got them!!!!

TG has stuck it out because if his hopes fir Botswana CBM and he always wanted TLOU to be expanded using income from a small starting point. Exponential growth and limited dilution is imminent!!!

If Tlou drilled 40 odd wells by now we’d be bust years ago!

Just how thick are you?

My £78 has disappeared and there is nothing in my transactions history.

CASH sections however reveals that they have charged me for transferring TLOU to IG 15+VAT and they have indeed closed my ISA 50+VAT.

So I am £78 out of pocket!

Statement details

Print

Account:

Trading Limit: £ 0.00

Currency:

Date range:

From:

To:

Date

Description Credit (£) Debit (£) Balance (£)

06/12/2024 VAT ON FEE 0.00 10.00 0.00

06/12/2024 ISA CLS FEE RE ISA a/c 0.00 50.00 10.00

06/12/2024 VAT ON FEE 0.00 3.00 60.00

06/12/2024 TRF FEE RE ISA a/c 0.00 15.00 63.00

05/12/2024 Debit Card Receipt Acc:0269471/250108 60.00 0.00 78.00

28/11/2024 Cash Paid WITHDRAWAL 0.00 1,870.41 18.0

26/11/2024 Sold 245384 TLOU ENER (Del) .00 Settle 28/11/24 1,888.41 0.00 1,888.41

06/11/2024 * BALANCE B/F * 0.00 0.00 0.00

Got a written record - not really my first choice but I guess I am finished with X-O ISA.

My USOP will hopefully still exist in the nominee a/c?

If I'd let sleeping dogs lie , I guess I'd have received 2 certificates @ £18 each or 1 if the merged them. Then IG may have charged me for 1 or 2 certficates @ £120 (inc vat).

No wonder TLOU did not tell us the ins and outs - this is just my 2 brokers!!!

BOB you need to check what your broker(s) will charge if you leave it to default.

This is thorny!

I am not the blind one here - I can see very clearly how TG works.

Magnus Magnesson and TG have had the same mental approach to their work - I've started so I'll finish!

TG got beyond the Proposal fiasco that cost his company a couple of years and money that could have been spent on dewatering and drilling Lesedi.

TG then expanded the calor gas prototype for CBM in favour of a turn-key power solution.

A very different beast which extended the critical path by many milestones and cost and time!

That was going okay except dewatering at Lesedi was so slow compared to Selemo which TLOU was already using for on-site electricity supply.

And then lockdown and up to 4 years of shutdown, stagnation, and resurrection. 6 unexpected years added to the project and all momentum lost. Directors stuck in Australia and Ireland.

6 out of 9 years lost by varying degrees .... and what have they achieved?

100km of Transmission lines, a substation at each end, and just a few weeks needed to connect the Serowe grid to Lesedi. That leaves a repeat of the work they completed at Selemo!

Get some gas flowing and bung a generator ot two between the wells and the substation!

All this and we have a positive bank balance - I find it astounding. The cost of the Tx lines will be reflected in the energy price once BPC adopt it and take responsibility from it from there.

3 solid years from 9 in my book is great , the other 6 years were compromised - was project out of Lesedi feasible or was it a risk , could the Tx line be completed in time given our resources, and were #3 and #4 enough to power the generators. #3 is dormant , #6 was drilled within 6 months , #4 was improved. The flare in the RNS looks superb, presumably on a good day, and the company needs to circumvent pumps gumming up - an issue that faces any CBM complex.

Foresight means we only need 2MW to hit the critical path.

Where is this mismanagement in that story?

You could argue that keeping the SP consistent on two exchanges at the antipodes of each other was silly. That has been addressed - from new year we'll have an ASX SP serving the world and a local exchange in Botswana for 2m people and their Pension Fund. And a 1.7c SP can only move in one direction in all seriousness.

While I was typing I got this! Hooray!

"Thank you for your email 'member of Jarvis staff'.

You have misunderstood me, I am happy to move the ISA to IG.

The share certificate concerns USOP US Oil and Gas which were delisted from various platforms over the years.

Can you issue a certificate in my name , for my USOP holding, so I can prove ownership if necessary in the future?

IG charge £100 + vat to handle certificates so please complete the ISA account transfer and take the £60 from my nominee account if you have to close my ISA.

I am happy to credit my ISA with £60 after you move my TLOU shares to IG with a zero balance. I'll then have two accounts , like now , each with a small cash balance and no stock but available for new LSE stocks.

I hope this is clear"

And now ....

"Good morning Mr Z,

Thank you for clearing this up.

We will proceed with your transfer of your TLOU shares to IG.

Re your U.S. OIL & GAS PLC ORD shares, these cannot be withdrawn into certificates as they have been deleted from Crest and no longer have a registrar.

Kind regards"

Success?

Amazing? It is all run of the mill Donks!

But TLOU have challenged brokers and shareholders to understand what the hell is going on here. Brokers seem to be as much in the dark as us?

Leopards don't change their spots - you have never tried to help anyone on here.

You just keep repeating critcism of a hard working TLOU board without any justification - tunnel vision in the extreme.

You need to see the full picture but you don't. You have never wanted to and ever will.

Yesterday, X-O showed that they will send share certificated TLOU hildings by default.

IG charge £120 to move paper into online shares.

That is one pair of brokers - no mention of an ASX depositary that the RNS referenced.

Jarvis seem to be closing my ISA when I asked for it to be moved to IG.

And they demand £60 for doing so! Should TLOU refund my £60?

There are many combinations of brokers and I don't think all of them will have this result.

The transfer form does not specify individual stocks so I reckon I used the wrong form?

If I had more than one stock in my ISA, it may have triggered a single line transfer, I dunno!

An I suspect you do not either. And if you investigated you'd misunderstand the explanations anyway.

If I help one person on here it will be 1 more than you.

So complicated ....

This may be of interest if all brokers are the same.

From Jarvis ...

"Transfers

12:02 (19 minutes ago)

to me

Good afternoon Mr Y,

I have spoken to our corporate actions team regarding this and they advised me that you will not be charged for having a share certificate sent to you for these shares. if you elect to receive a share certificate then you need not do anything as this will automatically be processed at the end of this month.

If you do want to proceed with transferring the shares to IG please let us know; for the moment we will refrain from taking any further action regarding a transfer. "

IG charge £100 +vat to credit them , so no good for me. But share certificates appear to be the defauly for non-ASX handlers?

I want a share certificate for USOP because I do not expect them to recover, and if they do I'll be happy having proof of ownership.

Jeepers,

I just checked IG charges for handling certificates and would you believe £100 + VAT to trnsfer them in or out! So £138 to keep my USOP shares registered?

BOTS as you know everything about every , why did you not warn me?

We all know the answer to that - you did not know!

I have now told BOTH companies I only wabted to transfer my ISA account but whether Jarvis will be happy having an account with zero value I dunno?

Does anyone have experience of dead shares where the company refuses to lie down and die.

Maybe JArvis could send ME a certificate to frame?

My R.I. teacher once tild us of a friend who worked for United Molasses and they looked doomed when the shares were something ridiculous , many shares for 1 old penny!

He bought £5 worth and put them in a frame as a momento!

They recovered , and maybe became Tate and Lyle , but his momento was worth a bit more than £5 plus a frame. I blame my R.I. teacher for filling my head with optimism!

The difference between BOTS and the rest of us is simple. He is simple and were are sophisticated 😮

What sort of idiot would claim that AIM money was not put to good use.

It produced Selemo CBM electricity which has been powering Lesedi for a decade.

It produced a TX line 100Km long and is a matter of days or weeks from connecting the two sites.

It paid for shutdowns in the early lockdown period.

It restored #4 after shutdown and produced #6 which is flaring like Donk's nostrils!

It has paid the vital staff and directors throughout a financial crisis, and the latter group have been taking only part of their entitlement with back payments ruled out from day 1.

The list goes on and on, not as much as me and BOTS, but mercifully the last two have a limited time on this board.

Hands up those of us who think TLOU have done amazingly well to survive over a decade of trials and tribulations that I hope we'll never see again. BOTS is the King Herod of this board and and TG is a saint imho.

Had an email from X-O , the £18 has been explained - it is the cost of moving USOP shares to IG! And to add insult to injury they have a charge of £60 (which I now owe) for CLOSING an ISA?

They warn the transfer will be delayed until they receive the £60 and that the £60 will bite into my ISA subscription of £20k.

So it is bye bye Jarvis on a bit of a sour note!

"Good morning Mr X,

We have received a request to transfer your shares held with us to IG.

The cost to transfer 1 line of stock (inclusive of VAT) will be £18.00, we also charge an ISA account closure fee of £60.00 (in total the cost is £78.00).

Please can you add funds to your account to cover this as your current cash balance is £0.00; please be advised that adding cash to an ISA will be classed as a subscription, if you did not want to make a new subscription you would need to consider selling some of your shares to generate the cash instead.

Once you have added the funds, please reply to this email to let us know, failure to do so may result in your transfer being delayed.

Kind regards"

Anybody think that TLOU should pick up that bill? I don't understand why £60 has to be in my ISA tbh - I am tempted to credit my Nominee account instead! I am assuming that the one line of stock is my USOP holding and they are not on any exchange afaik.

I'm a bit pi55ed off at paying £18 .... on a share that has lost me 100%

Found their charges ... I'll have to see what IG charge ... never thought about paying to close!

Certificated Withdrawal fee (per stock) £15.00+VAT

ISA and Junior ISA account closure fee £50.00 + VAT

It could be coincidence but quite a big one imho.

Funny how AUD/ASX is now commission free just when millions of shares have a month to be moved into ASX compatible accounts. Good on them if they did that.

Oncemoreagain post got me thinking.

I am guessing his broker is describing TLOU dividends going into a cash ISA!

Cash ISAs have to be GBP so yes - it might be good.

If however, you want to buy more TOU shares on ASX it will be dreadful because you;ll pay FX charges from AUD to GBP to AUD instead of receiving the whole dollar amount and getting the full number of shares that will buy.

I used to get CBA dividends and buy TLOU shares in AUD on IG you might remember?

CBA shares were $100 each so I'd only get a handful of shares with them. But TOU gave me loads of golden nuggets!

All is fine .... IG is still in my good books.

Found this ... so new fees do apply to me ...

"AI Overview

Learn more

No, IG accounts are not multi-currency accounts, but you can change the base currency and currency conversion settings for your IG account:

Base currency

The default base currency for IG spread betting and CFD accounts is GBP, but you can change it to a foreign currency.

Currency conversion

You can change the currency conversion setting from "instant" to "daily". If you choose "daily", currency conversions will be processed at the end of the day.

"

£24 a quarter, Custody charge, but 3 trades in the quarter wipe them out.

One trade a month is not too onerous.

On LSE the minimum trade is £90 , but ASX is lower or it may be non-existent?

A sell of a stock in full is permitted , of course , irrespective of GBP value.

Sky are obsessed with new of Greg Wallace - a non-entity in my book!

Sugar I inserted my content in the middle of IG's post.

I hate typing into confined boxes which invariably scroll too much content.

I missed the last bit - and I have multi currency accounts for both my ISA and my non-ISA share dealing account. So mother, father, kindly disregard this letter (Allan Sherman), might be in order and £5 to £5.50 charges (FX rate against 10 AUD) might still apply, and the number of trades will determine if Custodial charges apply. Merging my X-O account with IG will hopefully surpass the value threshold , even at 1.6c per share. I chased FTR once the price dropped so low and I was below the IG threshold. My Jarvis account was worth over £100k at one time and I will have moved less than £6k to IG after losses on HMV,SXX,AVN and maybe USOP which is dormant but still looking for oil in Nevada and X-O , bless them, have those AIM shares in my account , valued at zero because they are not tradeable.

IG have made Frequent Trader Rate of £3 the default for LSE , and seem to have abolished charges on US,ASX and Euro exchanges , saving at least $10AUD on the new TLOU shares.

" We’re excited to share that we’ve updated our commission rates to make investing with us even better - allowing you to spend less while still enjoying the same powerful tools, global market access and expert insights you’ve come to expect from IG.

UK Shares US Shares European Shares Australian Shares

Old Price £8 £10 0.10% 0.10%

New Price £3 £0 0% 0%"

Custodial fees used to be £28 a quarter if you were liable. FTR status customers do not pay them. FTR applied for the following month if you did 3 trades in the previous month.

So I need to investigate. X-O don't have Custodial charges fortunately.

IG need to make money so I am wary of Custodial charges and FX rates - it is going to be an interesting couple of months.

There will be no change to custody fees, FX, phone dealing charges or other fees associated with investing. This pricing applies to customers with a standard GBP share dealing or ISA account and does not apply to multi-currency accounts.

What you'll need to do

Nothing at all — this change has automatically applied to your account and is now live. "

Edmund Hilary wwas so lucky not to have BOTS in his party at the top of Everest!

He'd have been ready to plant the cross and sweets and BOTS would have said "Watch out for a landmine because this area has never been checked since 1945".

I have never admitted to not believing in TLOU , except on the two occasions I panicked when I read certain posters sounding off like there was a huge problem that could put an end to the company. My IQ did not come into play when I read the RNS responsible for the panic and both times , from a cursory look , I saw what I expected to see! Landmines on the summit of Everest in 1953!!!!

After I calmed down , I studied the RNS and my senses returned and I realised TG was being understood so the critical posts were unwarranted.

Even now , when the project is beyond any risk of failing the thickest of the critics cannot see it.

https://www.nsenergybusiness.com/news/botswana-preferred-bidder-tlou/

never mentioned Sekaname , but forget them , the interesting part is this ....

"Tlou has included the power pricing in its tender using the electricity guide price provided by the government, at approximately £0.09per kWh ($0.12). At this price, it is estimated that a 10MW project is capable of generating gross revenue of approximately £7.9m ($10m) per annum."

Based on $12 , way below $30 , and even more below $40 (the peak price I can remember) , round about £8m per annum!!!! We may honour that price if BPC play hardball but I am expecting TG to insist on higher prices beyond the PPA for 2-3 MW!

With only 2 wells punters will get their money back within no time (relatively) , future wells will be better with dewatering completed on the first 2! I don't need to say anymore , the company can only be worth multiples of 0.8p - it is obvious!

AVN were £650m in debt when they went bust. SXX were too ambitious and issued too many shares (10bn) . TG is a GOD compared to those failures, 1.4 billion shares , and paying as they go along slowly without massive debts. I am so tempted to dive into my savings but I will not because I am going to get more than enough back with my current holdings.

What is the difference Bots?

3m @ 0.8p i.e. £24,000 and 300k @ 8p ?

but how's 3m @ 8p compare?

Today, tomorrow and next year's price imho with poetic license on the dates.

And within a decade 0.8p might be the dividend alone?

Worth living for in my book? And you'll be at Ian Karma's funeral if you outlive him , saying "where did my civil war go, Ian?".

Thank you Oncemoreagain, I used a damp sponge on the cartridge print heads but late night I found a video if someone refilling a cartridge with syringes and saw an important hint....

He said that the printer may not realise it has been filled and continue to flash!!!

I am wondering if my printer did that through my cartridge changes! He advised ....

Turn off the printer and disconnect it for at least 60 seconds was his advice then turn on press reset for 5 seconds if it continues to flash.

Did not need to print in the end , I scanned my hand-written signature and managed to insert it into IG's form. Hope they'll accept that - I am emailing it so did not need a printout.

I'll try what you said if I can get into that space - but it is not even visible on my printer,

Cheers!

... why, oh why , did I tempt fate?

"I hope my ink has not dried out on my rarely used printer 😜"

I still have not managed to get my printer to print! I have 4 cartridges that I bought before the missus passed on 6 years ago. 2 are still taped on the print head - 2 have been in the printer for that long - and the other two were originals.

New ones were refills but until a few minutes ago I couldnot even use the scanner because the printer was flagging an ink fault. So I have now scanned my signature, and I have downloaded the form which is self generating from IG data (brilliant - so thanks again HB) - now I need to merge the PDF form with a non-PDF scan because I still cannot print! The blocked jets cartridges are not rejected but have not deposited an iota of coloured or black ink in 20 odd passes one the same sheet of A4 all night. They enabled me to get to the inbuilt scanner however. I love a challenge but this one has ruined the end of a Netflix series, distracted me from a Liam Neilson film, and I had already seen Who wants to be a millionaire episode.

Not funny at all! I just found Windows Scan app from Microsoft so fingers crossed I can scan both my sgnature and IH PDF in that and merge my signature. It will be installed by now I hope. Night all!

Thank you HB, I was going to transfer my ISA from X-O and never considered dragiing them into IG. IG are now my only broker in reality and will be more incentivised than X-O where I am still waiting for my share-dealing cash - £18.

Found these instructions for IG ...

"Transferring from a UK-based broker to IG.

If you have an active IG share dealing or ISA account, you can request to transfer your personal shares or ISAs to IG from another UK-based broker. Simply open the ‘live accounts’ section in your My IG dashboard and follow the steps below.

Using a web browser, log in to your My IG dashboard

Navigate to the ‘live accounts’ tab

From the drop down menu, choose the share dealing or ISA account you wish to transfer to

Select ‘stock transfers’ (for share dealing) or 'ISA transfers' (for ISAs)

Click on ‘start request now’ and follow the on-screen prompts

Download, print and sign the pre-populated document (electronic signatures are not accepted)

Scan and email the signed document from your registered email address to:

isacashtransfers@ig.com - For all ISA cash transfers

isastocktransfers@ig.com - For all the ISA Stock and Shares transfers

giatransfers@ig.com - For all Non-ISA (General Investment account) transfers

* Please note wet signatures are required to initiate the transfer request - electronic signatures will not be accepted. Transfer requests via post aren’t accepted."

Donkey - this mutual help will be anathema to you. You should try it some day.

Jaf, You can transfer your ISA account to another ISA provider - TLOU will not affect that process until some date in December I trust!

I got a similar missive via snail mail this morning and they too neglected the transfer option. Perhaps they assume we would know that?

X-O options until Dec 24th were ...

1. Move my ISA shares into their share-dealing account (the one they kept open with £18 of my cash).

2. Receive my holdings in TLOU in certificated form.

Default will mean ..... the default action according to the terms of the offer will apply.

So basically , the normal rules apply until Dec 24th.

The above are actions for them to take - default will be TLOU's responsibility.

BUT TRANSFERRING MY ISA ACCOUNT OR TO SELLing MY SHARES IS MY RESPONSIBILITY - AND IS SOMETHING THEY ARE NOT ALLOWED TO ADVISE UPON! Their advice is to seek personal help from a financial advisor.

So I need to act before Xmas or rely upon TLOU to look after my shares.

In my case I am going to do both - transfer X-O ISA to IG , and leave TLOU and IG to sort out my full portfolio.

X-o CUTOMERS should be aware they refuse telephone instructions but snail mail or photocopies of their forms by email are both fine.

I hope my ink has not dried out on my rarely used printer 😜

He even thinks that our CBM will not burn!

Despite the flare matching Elon Musk’s rocket engines!