Member Info for BradSmith

"In a statement posted on its website, the company said it did not accept that it had contravened any provisions of the Corporations Act or the Australian Securities and Investments Commission Act, but had agreed to pay the infringement notices "to bring this matter to an end and focus the company's resources on development of its power projects".

Have you never heard the expression "time is money" . I guess you think that refers to the price of a Rolex watch!

Maybe BPC will create a festival spirit once they are in business buying and selling our electricity?

I thought Donks was wrong to criticise Lefoko - I believe he has done everything he can to help us and not show too much favouritism. TLOU has kept the project at low risk to survive - protecting our investments - and Lefoko cannot speed that up - so he is waiting patiently like the rest of us for the balloons to be inflated.

Andrew Murray interviews with TG spoiled us I guess. He left his job for another company - such a pity.

Good point small fry, if TLOU do not believe they were guilty first time round for $53280 , and expect a repeat violation to presumable cost more , lots more , as punitive action , they are wise to keep mum perhaps?

"Consumer watchdog deputy chair Delia Rickard recently warned against misleading claims that could undermine trust as Australians become increasingly interested in purchasing sustainable products." That was issued at the time , a year ago.

TLOU could have started their Hydrogen liason with SM a few years ago if they'd agreed to produce the H using their existing lance. But they insisted SM do it using GREEN technology and effectively killed the project off in so doing.

Perhaps TLOU should have used LSE and Botswana exchanges exclusively. They went to Botswana to escape the growing red-tape in Australia in the cbm fields - perhas they should have gone the whole hog. But would that have avoided ASIC from chasing their pound of flesh? I doubt it . Is there such a thing as non-green solar energy? I cannot envisage what that would be?

you are **** for elbow again donks! so liitle comprehension that you are splitting the atom yet again!

anyone with half an atom for a brain would realise i was highlighting how to empty your balance as far as possible.

with a share price of 1.85p you might have 1p unspent , 2p would get you another share!

at £2 you could have £1.99 floating and doing nothing for you. free money for the broker until you correct it.

£5 is 100+ tlou shares or £50 @ 50p some day in the future. look after the pennies and the pounds look after themselves as they say in old people's homes. you need to try one i think.

how many tlou shares could you have bought with all those subscriptions to advfn that you paid!

in his kenmare days he subscribed so they would not ban him like everyone else did! the good old days!

A quick tip to buy the number of shares you need to clear your balance amount.

You can see I had £350.01p available today and I bought 5800 (less than a third of my money) twice to ensure I had enough cash for the third buy.

IG and LSE combined buys are subject to a minimum trade of £90 , so Frequent trader commission is £3 with £129.41p left.

I find entering GBP 129.41 always buys too few so there is useless cash left over.

If I guess a number of shares IG estimates are usually miles out.

So what I do is subtract the commission to get 12641 (ignoring decimal point deliberately) and divide by the price - today it was 185 ignore decimal point again. Shove "=12641 /185" into URL for new tab and you get 68.3297297297 , ignore decimal point you'll have an idea of the number of significant digits.

I rounded up to 6883 got an estimated price that is several £ too high! Ignore their estimate and if it fails apply for 6882. Provided 1.85p is still available it should be fine! Today I spent the last penny , left over from last month.

Hope that makes sense. It is more complicated if stamp duty is payable of coure but TLOU are on AIM so no extras.

Cannot help wondering who on earth would sell at that price tbh - but thank you for the gift whoever you are.

When will you get the message? 2 more balls needed! One of thing you can write if nothing else.

The main directors are putting their cash into this business which is usually welcomed by shareholders.

I hope the troll has not persuaded you all that there is some sort of underhandness here. TLOU cannot get credit for anything - putting their money where their mouths are is surely worthy of comment - pleasant comments.

Clue, he could not mention the issue count - they are miles behind Donks idea of how many there this!

I have been doing that for years small fry!

And so has everyone else with a decent shareholding - you cannot avoid doing it once he bought at 17p or whatever peak or trough it was when he jumped in.

I have contacted DVLA about my 6 month rolling driving ban from my GP. I expected her to give me the OK after no faints since May 11th until Aug 20th when we had a phone appointment. She did no such thing and insisted I inform DVLA.

Looking for how I can do that online , I discovered a Dr cannot ban you they can only report you to DVLA and it is up to them whether they ban you or not. Until they order you to surrender your licence , technically and legally you can drive!!

Obviously, it is strongly recommended you obey the Dr but I am reasonably sure that I am only at risk when I stand up too quickly. I don't stand up whilst driving and I fainted twice in my life within an hour , with a 10 mile motorbike ride in between them! It was surely dehydration after 2 solid hours of hot sun , and a half pint of water to drink with my tablets i the morning, and a pint of cider at half time in the football match!

On July 17th I forgot to take my tablets and do my blood pressures in the morning. I took Poppy in the heat and at 4pm took my blood pressure after another half pint of water with my tablets a few minutes earlier.

My bp registered as 57 over 40 - the lowest I know of , stood up. I took it again 45 minutes later and it had improved to 73 over 45 - still low! Was it a mechanical glitch but the conditions were much the same as the football match. The main difference was I was on a double dose of steroid by July 17th and 0.2mg was enough??

45

71

57

61

58

63

60

54

59

57

59

46

54

57

60

48

59

52

60

63

67

68

60

54

78

73

68

63

65

74

53

63

Are the next 31 readings - one or two low ones but the bottom line is I have not had a dizzy speel or a faint! She latched on the 45 on the 17th despite the ambience surrounding it. I am fully aware of the importance of water now so dehydration should not be a worry. And I am in the shade of West stand instead of the sun-facing East stand in the matches I have tickets for. I reinsured the bike because I hoped she'd agree - it will be interesting to see what DVLA say!

My problem is Postural Hypotension which is not notifiable! But the faints are Syncope which is!!

I should have simply asked for 0.2mg instead of telling her why I wanted them. If they want my licence they'll be reluctant to hand it back at my age I suspect. Riding a 850cc motorbike at my age riases eye-brows when I tell people.

Https://www.mmegi.bw/news/govt-gabs-system-back-on-track-serame/news

This must be the topic except I doubt it is?

Forgot to reinstate the filter, so I have read Donk's moderate (for him) summary of how he sees the world.

His problem is expalined very clearly! He lives in the past instead of looking towards the future , that makes him a pessimist and me an optimist!

TG , from point of view , has never lied, schemed or done anything he could have foreseen was going to be disasterous in days, weeks or months to come.

Looking back there was only one avoidable error that can be directed at him. In the days when we all believed that TLOU and the Government were desperates to get CBM out of the ground and into cylinders and onto lorries bound for their dual fuel generators under BPC there was a Request for Proposal issued. If Kalahari/Sekaname had both declined to bid I suspect TLOU would have been in production long ago and all our hopes at that time would have come true!

However Sekaname stuck around and made the proposals more relevant than they were supposed to be?

Instead of drawing up brand new documents , in a rush to get the show on the road quickly , the old proposal documents for coal mining were used as a template for CBM production!

Everyone involved is the assessments from the two parties were guilt of not seeing a clause that stated proposers should have a history of supplying coal to Botwana! Whether coal was cut and pasted to become CBM or whether the word coal was omitted and was merely inferred from the context , e.g. it , the product , subject matter or the like, is aybody'sguess.

The need to get it right for both proposers resulted in at least 18 months of mistrust between TLOU + Seka and the Govt

and was the start of the agony. 18 months was the target for first delivery of cannisters and that may have proved optimistic due to the dewatering delays we have experienced ever since.

Selemo was dewatered by TLOU in a few months - Donk's hindsight would have been joyous - why should Lesedi take many years? TLOU moved to royalty-free Lesedi , stupid with hindsight , unexpected for optimists.

And then the same with Covid and shut-downs and world recession etc etc etc.

TG offered us a limited 4.4p option price when the SP was over 5p and looking like rising sharply!

But it was available for only 2 years - 2 years swallowed by Covid related problems.

TG was honest throughout all of that from his and our prospectives but not from Donk in 2024 looking backwards!

Using his logic TLOU might be able to blame William the Conqueror or prehistoric man???

The current manifesto might be nuclear bombed out of sight! Should we abort now in case Putin or Trump pushes the red button? Kamala will hopefully thwart Trump. Looking forward we are 18 months away again but there are so many plusses this time. Not least all the paperwork is done - the start of the malaise!

Filter back on - my fault for not checking - I have done it so often I thought I had reapplied it. I type B and that is it!

Assuming we capitalise interest for 2 years , we are effectively borrowing the balance at end of year 2 for 3 years!

So that will be just below £6m!

A year later , ie. 3 years from 2024 , we need to make our first replayment , the interest on £6m for one year!

3 years free finance on £4.4m imho is a good starting point!

We get £4.4m of services and goods that could well cost nearer £6m in 3 years time - the prices can be expected to rise?, and we get them at 2024/5 prices?

And in 5 years , when the hefty repayment is due, TLOU should be reaping the rewards from 25Mw+.

Still think we are in good hands.

Viewed the codswallop in case this post merely duplicated his first sensible offering - they say there isa first time for everything? Should have known better!

Looking at it again , point 4 , is now obvious to me and not to Donks!

Instead of us borrowing 4.4m , it tells us we are permitted to add the monthly interest to that 4.4m for24 months , it is up to us!!

So the loan is for 3 years started at year 3 for either the rolled up balance after 24 months , or 4.4m plus the interest over that 24 months! The latter would mean paying that interest? The former not so! This is the 2 year holiday period we needed needed. Of course we'll capitalise it because it is then a 3 year holiday from interest payments on an ever increasing debt. But if we hit gold and earnings are through the roof then clearing the debt and interest early could be an option.

That removes the ambiguity for me. Another bit of forward thinking by TLOU/TG to allow us flexibility in an unknown market for next 2 or 3 years?

Ø Principal amount: BWP 76.5m (~A$8.5m, ~£4.4m)

Ø Tenor: 5 Years with a bullet principal repayment at the end of the term

Ø Coupon: 15% nominal annual compounded monthly

Ø Coupon Roll-up: Tlou may capitalise interest payments for the first 24 months

Rolled-up coupon

1 A certificate of interest (see coupon) on a bond or other security, in which the interest is ploughed back to increase the capital value of the original ...

It is safe to say that the RNS openly tells us none of this is set in concrete and the ambiguities abound.

I felt sure that the 2 year holiday would be bound to end with at least 2 years compound interest (capitalised and compounded monthly). With the holiday over further annual interest payments seemed obvious?

But bullet principal denies that over the 5 years period???

I am fairly sure the second point merely says at the end of 5 years we must pay off both the interest due and the loan capital in a single payment , the first interest payments at end of years 2,3, and 4 are merely interest payments, and NOTHING towards capital amount owing.

Whether compound interest applies for 2 years or 5 years seems ambiguous imho.

Whatever materialises it only makes a couple of hundred thousand difference which will hopefully be peanyts compared to revenue at 5 years from the date of the final agreement. In TG I trust - it looks quite amicable to me.

Who knows what he thinks Cloo? I saw your 8m not what he conjured up.

When I was working at BP they had a dealing room headed by Lord Cobbold.owner of Knebworth House, and all the dealers used to ask advice of one particular guy! He was very valuable because he was 100% wrong all the time! it could have been Donk. I have never known anybody who can get so much wrong and does not realise it.

We all make mistakes and I welcome being corrected but he is something else and has been for a very long time.

You are right - the £4.4m is an outlay whether it is to a financier as a repayment , or a supplier(s) for goods and services - so he probably did think it was £8m in interest alone! If the goods and services bring in £20m then even £8m was worth spending , but my spreadsheet shows it is less than £4M if I understood the RNS rightly.

Having to find £1.3m after 2 years in accrued interest looks to be the hardest part. But it shows TG is pretty certain that in 2 years from the deal start date we'll be able to meet that! And the lender seems to agree. If it is the Doc he has believed in TLOU from his first involvement. He is a clever bloke imho - he backed off the placing and preferred to give the company a stimulating funding for a return of 15%+ in real cash! He has kept dilution down for us all but if he'd supported the placing he might well have prospered more than 15% on the share price over 2 years? But that is not the same as cash in his pocket unless he sells some shares. In 5 years time he'll not be far off doubling his money.

Might not be him of course - but who else?

Ran out of battery , then watched M56 car chase at 150mph upwards , copper eventually got him to pull over having got to 159mph himself! Guy was disqualified for 3 months as aresult.

Sent the last post before computer turned itself off.

Last column is simple interest so same every month over each year. Penultimate column is 24 months of cumulative interest (affecting monthly balance) and squared up at the end of the 2 years leaving year 3 with opening balance of £4.4m.

Donkeys £8m is no a bad quick calculation. £3.3m interest for the Doc - I am fairly sure it must be him or his group - will help further loans from him. Any rise in share price will render that interest as insignificant though.

Until Dividends start to look likely , I cannot see the price reaching very high numbers.

But after how many Mw do we think a dividend will be declared??? At 25Mw we'll need more poles/wires no doubt.

To Serowe or South Africa? or elsewhere? 5p or 6p or 11p looks to me like the ceiling? Zeus forecast 6p , Pension fund would like to see 11p , 5p for me should have been the price since it was last acjhieved.

Ignoring the filtered one and responses to his unknown claims.

I knocked up a simple spreadsheet which compounds monthly interest for 24 month - and is then payable (just the interest).

Following years restart at £4.4m and simple interest @ 15% is accumulated for the year.

Month Number Cumulative LoanInterest rate pInterest rate p.m. Over 12 mon Payments Annual Interest (1 yr)

0 £4,400,000.00 15.00% 1.25% £0.00

12 £5,107,319.88 £660,000.00

24 £5,928,344.62 £1,528,344.6 £660,000.00

36 £5,205,083.84 £658,704.96 £660,000.00

48 £5,044,266.55 £520,485.58 £660,000.00

60 £5,044,266.55 £5,044,266.5 £660,000.00

Total Repaid £7,751,801.7 £7,700,000.00

Interest Paid £3,351,801.7 £3,300,000.00

Week 25 onwards Simple interest on £4.4m month by month accumated for 12 months until paid

Weeks 0 to 24 Cumulative interest (interest on interest from month to month).

All months treated the same i.e. 28/29 days in February pays the same as 30 and 31 day months.

"Mezzanine debt occurs when a hybrid debt issue is subordinate to another debt issue from the same issuer. Mezzanine debt bridges the gap between debt and equity financing. It's one of the highest-risk forms of debt because it's subordinate to pure debt but senior to pure equity. 25 May 2024"

I'd have never heard of this expression before, so I looked it up rather than view what the troll wrote.

From the above , it strikes me that the Doc's group is one of few bodies that fit?

High-risk and 15% look compatible to me , and someone without a vested interest in TLOU would , in these days of outrageous interest rates on loans (TV ads showing 88% and over 100%, as if they are attractive? Mind-blowing ?) , it is not too onerous. Tlou, over the 5 years term, will hopefully have earnings in that period that makes 15% look very low!

When I bought my flat in London, I was turned down for a mortgage at 13% because the lender did not like Central London for some reason! My solicitor informed me that he needed £500 to open an account for me with a rival lender, and the rate was 14%! I think I baulked at the deposit , or it fell flat , because he finally came up with my actual lender at 14.5% , and tried to put my mind at rest about the rate by saying my £30k mortgage would be peanuts in the future.

And he was right - the flat was sold for 400%+ of the purchase price when I sold it. A compulsory purchase of £10k for my garage reduced the cost to £20k really. The bad news was it was going to be my pension fund and I paid the mortgage instead of funding my private pension scheme - so the pension I receive is fairly basic now.

Future loans will be lesser risk once we have an income - the Doc could be happy to sit out?

My hope is the Govt will be able to contribute some of the costs because the risk to them will be low/non-existent.

Bought @ 1.82p twice and.1.88p

Got Olympics on my laptop with TV as a monitor in the back bedroom where I am sleeping. Aerial problems -weak signal - and TV needs a cable to hub and does not support wifi.

So I used Iphone to fund my account and buy the shares.

Useless with fingers , I almost got it right!!!

Bought too many at 1.82 and left myself short of £90 by a few pence -the minimum trade - minimum autofunding is £250 which was too much for me.

I used bank transfer to reach £90 , £11 paid!!!

Money went to my nominee account instead of my ISA so wasted effort!!!! On the Iphone I found a transfer option so was able to move the £11 online!!!

Cannot believe we are below 2p even now. But I have moved into the 21st century on mobile banking against my ideals. My bank sends authorisations to iphone for laptop transactions so I need to look at extra security for passwords etc…

"Zombies here talk about how the DOC and TG and Pension Fund back the company. Well why do Tlou need a new backer / lender to grab the last dash for cash to get to production. "

FFS Donkey - the Doc and Pension Fund have invested, like the rest of us, to get a return on their investment!

The right hand pocket! They are not here to put money in their left pocket so they can transfer it to the right pocket!

Don't you get it? To make money from TLOU we need external money to be coming through the doors!!! Customers?

We have one customer, BPC , provided they are not a shoplifter , but , if they are, we also have the Southern African countries via SAPP!

OK the debt will cost us more than we borrow but TLOU will use that debt to earn more than they pay in interest? We are in Botswana for that very reason - TG saw $30 for Botswana's electricity was possible - he thought Australia's price would $10 to $12 for the same amount (a number of joules). He is borrowing at 15% so anything over $12 plus 15% is profitable! $30 might actually have risen since 2015 but TG was never looking for the whole lot anyway.

The band between $12 and $30 gave plenty of scope for both parties to be happy.

BPC are paying $40 for external power or diesel for self generated power and selling it to Botswana for much much less!

Does that make sense? Does that make paying is difficult?

If we halve their costs they will be in clover and we'll be getting twice what we might have received in Australia - not 15%. $20 is still a loss for BPC - I think the price is around $9 at the subsidised price to the public !

Some countries subsidise their energy costs down to almost nothing (solar and hydro) so expect solar to be become a priority once TLOU open their doors and start trading! In the meantime we will prepare our shelves with potential power from CBM generated power. We'll start with a kiosk for 2MW and build from there. Once CBM power is profitable then the Solar doors will open OR WE'LL INCREASE DEBT TO PURCHASE THE PANELS AS A BONAFIDE COMPANY AT LESSER INTEREST RATES. Will that be TG's exit point or will he want to see Hydrogen come online , if , or when, that is possible.

Cheerio Donkey