Member Info for BradSmith

Thinking about this further , I think BPC/Govt are possibly regretting giving TLOU a PPA for 2Mw up to 10Mw.

And TG is probaby very smug about getting his small PPA , and then some!

We were willing to split the 100MW 50-50 with KE/Seka when that was strongly tipped. The reality turned into 7-93 because Seka needed a huge PPA to dangle as a carrot for potential investors - guaranteed income !

TG feared the PPA woud be at 2016 prices when delivery could be years away! He wanted the price to be the market rate at the time of delivery , and he expected to see it rise with time! Far from a carrot the 97Mw was always a millstone - and Sekaname disappeared as expected and TG effectively had the market to himself.

This was always going to be the case , the knowledgeable thinkers on here predicted it time and time again!

Seka are heralded as being opposition to TLOU in one quarter - 97Mw reducing to 6Mw - the only way is down!

TG was always the odds on favourite and now he is in the finishing straight whilst Seka are approaching Beechers Brook on the first circuit! If the 93Mw still exists in some weird way , are Seka tied to the price of electricity back in 2016? What were Donkey's wirds back then? I believe he berated TG for small mindedness , and he tipped Seka as #1 because they could achieve "economy of scale" and they had the backing of a American bank? Where is that money I wonder?

Skipping (happily) to HB post - I think BPC (or the Govt of Botswana) will get everything TLOU can supply up to the capacity of TX #1 i.e. 25Mw

If Botswana (Govt or BPC or both jointly , the favourite) are paying up to $40 per TG unit (whatever that is) , I have little doubt TLOU will undercut that by 50% or more , and still be pleased with the price they gets compared to what was expected from Australia if that had been targetted for the third goal of the hat-trick. $10 to £12 has probably stretched in OZ like $30 has stretched to £40 for Bots imports, as reported on here a while ago.

I cannot imagine BPC or the Govt (with the pension fund as a major shareholder) will want to see TLOU fail. But if they do try it on and upset TLOU on the agreements , TLOU has the option of selling to SAPP partnerships for better prices. I cannot see it happening tbh. TG chose Botswana because and not in spite of the Govt of Bots.

Orapa pipeline has the potential to improve the GOLD COMPANY's profitability and how valuable is that to the country? Just getting a reliable supply is worth it weight in GOLD surely? I have faith in TLOU taking on and beating the competition into the ground on price, reliability and future prospects in Solar and Hydrogen if they stick at it. But how long is Tony planning to continue after he can sell up for a healthy return.

I watched Countdown today and the challenger was a 79 yr old woman who looked 20 years younger. She won!

I was amazed how young she looked and then realised she is only a year or two older than me :o)

Our one way mirror eyes feel much younger from the inside? For most of us.

I thought May Day was a bank holiday but got my 3 trades all at 2.055p

Thanks for the link Winni. I never realised people were so fond of gasholders.

Just found a German video on how gas is processed , stored and delivered.

The gas has so many processes at the various phases whether they are removing dust , cooling pressurised gas that gets hot , heating depressurised gas which is cold, or removing water that is absorbed in the underground caverns which are deeper than the height of the Eiffel Tower. no wonder it is so expensive? The plant in Germany is huge for the heating and cooling phases - each as big as the whole power station that I envisaged for TLOU / Orapa. The cavern is sealed limestone in the video - they impregnated the limestone with chemicals. The top 50 metres were a succession of safety valves.

It is one of their biggest plants!

https://www.youtube.com/watch?v=boWgnSmbMUg&ab_channel=Uniper

I have had some weird experiences in the last fortnight.

My short term memory is awful and I remember old stuff in detail from tiny prompts.

The gasholder conversation was one short journey from thousands. I never followed up what he said at the time but it was interesting,

I shop at Lidl since Liz died. I park there , walk Poppy in a nearby park, and then do some shopping. For some inexplicable reason my last two visits ended with me getting lost in there.

First time I walked into a staff only area and "Can I help you " made me realise I did not know where I was! I finished my shop missing half the stuff I wanted.

Yesterday I got disorientated again, but this time the muscles at the front of my thighs were very sore and my feet seemed to be so heavy! I tried stretching my legs but whenever I did that I almost fell over backwards. Eventually I did fall!

Lidl staff were super -and got me a stool and a bottle of water and I rested for 10 minutes.

They fetched the things I could not find and I only had to negotiate the check out and madke it back to the car.

Next stop was the Coop for their superb frozen meal deal , 5 items for £5 for members (£6 for non-members).

Got to the check out feeling ok (I thought) but instead of 2 bags of peas and two bags of McCain chips I had 4 bags of peas in my basket! Again the assistant helped me (so I doubt was acting normal) by leaving her post to swap them, so very kind to me, I cannot have been acting normally?

All was well until I Poppy's gravy bones I'd bought earlier went missing until they appeared in the deep freeze!

The other oddity (that I am aware of) was putting peanut butter into a cup of instant coffee instead of milk?

I wondered why it was so black! I drank about a third of a cup before the scummy stuff appeared! Gross!

I have messaged my family with the ongoing history so if I lose my marbles completely there is a history for the medics. I also had a temporary ear and tooth ache for a couple of days. Time to see my Dr I think.

Thinking about Orapa - if they merly require gas from us , and generate their own electricity from it then it seems likely they will need a specific flow and no more (unless they upgrade).

If that is so I am wondering about the cost of storage facilities for natural gas.

Thinking aloud , could Lesedi store CBM for the mamba to orapa pipeline during the day when solar is active for the Grid , and so that Lesedi cbm can be diverted to electricity supplies when Solar is devoid of the sun , and Orapa continues to operate from its reservoir of gas?

I believe in the UK e store masses of gas underground in labyrinth of pipes.

Many people believe those hude cylinders (e.g. near the Oval) contain gas - but they do not!

I think they contain water which mainstain gas pressure in those pipes, When the cylinder is lowe the volume of gas has dropped so the water level drops. Pressurise the pipes with gas , the water returns to the cylinders and pushes them upwards? When I was driving taxis a gas worker told me that - prior to that I thought there was a danger of them exploding in hot climates. Orapa is probably a comparatively small user of gas?

What are the chances of them building their own reservoir and TLOU merely keeping it topped up? I dunno.

The crucial factor in Africa is that the power is dependable,

How can industry operate if they lose their power supply?

TG is a perfectionist and I fully expect him to be targetting reliable energy supplies as a priority.

Will that be for 24/7 coverage? I reckon so otherwise Solar might have been higher in the schedule.

Once CBM is operational and paying for Solar panels to be added, TLOU will have to calculate how best to use the energy sources to optimise revenues and service. It is going to be interesting.

If gas flows support 25Mw+ on their own , we may not need Solar until TX version 2 is ready?

Shame because he dumped the Greens - like some of us on here - last two messages are green :O)

So 16M of the 169m were acceptable, but absolutely no indication of how they were chosen?

Directors? LSE shareholders? BSE and.or ASX shareholders? It really does need to be more transparent ?

If the 16M are spread across multiple applicant/selected individuals/lottery winners or whatever went on here, then the percentage thresholds are unlikely to have been breached so no RNS will result.

1.2BN shares in issue is a happy number for me so I am reasonably happy that dilution has been kept down whatever the reasoning to get there. I hope we don't have any more of these convoluted placings which are a postcode lottery whatever goes on from here. It stinks!!!

ASX still 4.3c at close (2.25p) , LSE spread 1.99p to 2.06p for 5k shares on IG FP quote.

How long are UK shareholders going to give their golden nuggets away so cheaply?

With a matter of months left before the first generators are installed for the Grid the price should be way higher.

HB your posts are a bit confusing - and encourage me to view the green posts to put it all in context.

One day Donks is going to gave to accept he has been a plonker for years and TG has been whiter than white the whole time. And the Govt has not been that terrible and Sekaname are a joke! Like TLOU's future - it is a question of time - and Sekaname will find a way to fail imho! KE/Sekaname failed at Selemo , sold it to TLOU and they turned it into a success! I'll always believe that they sold a coal mine and TLOU bought a CBM electricity plant! TLOU accepted royalties were payable and once Selemo jad proved the concept in a matter of months, they moved to royalty-free Lesedi. I have never known whether we should have expanded Selemo into the first power plant for the Grid (instead of producing local electricity to save TLOU's cost of diesel for diesel generators). Paying 12% (sale of gas) or 3% (sale of electricity) royalties and going live pre-Covid might have been the best route before switching to Lesedi? But if we went the gas cannister and lorries route where would we have ended up?

Will we ever know? We might have been supplying gas to Orapa from Mamba and/or Selemo.

That may still be on the cards once the TX line #2 is being installed in a few years time.

I have experienced difficulties on Iphone just lately and rebooted it. I saw Bots last post - not read it though! - and checked my laptop was still filtering him. And he was???

Mobile defaults to no filters if you are not logged in so if you reboot please ensure you login poste-haste on LSE to reactivate filters!! I avoid Iphone afaic , cannot navigate as easily as Windows with a mouse!!! Explains how my filter lets me down so often I guess.

Donkey reads all my posts and comments on most - albeit in a totally irrelevant manner and nonsensical way!

Now why is that?

And why am I not interested in anything he has to say?? That is self evident - he posts a handful of reasons every day ..... my bet is there wil be a RNS next month saying the Stephen Hemsley group has increased its shareholding precentage beyond one of the thresholds. When did Donkey ever predict anything as precise as that?

And that RNS (other UK investors may also qualify - the time is right ) will boost the sp to 3p .....

Please do not tell me Donkey spotted my mistake on where the subset of 169M shares was going. Whenever I make a mistake and own up to it he has never spotted them in advance! I even gave him the "crackpot" word to prompt his reply! I bet his missed it!

He could have taught me something 0/10!

If the UK sophisticates idea is right they will get 4/11 plus addition shares (if TLOU barred them) so possibly a 50% increase in their already significant holdings (5.5/11 for Donkey)

Not often a prediction can be checked so quickly. I might remember making this one.

DTE - agreed. And we have not needed more gas until now because we could not do much with it.

I am talking rubbish about being a crackpot!

Thinking about it , the ASX and BSE shareholders WILL HAVE RECEIVED ALL THEIR ADDITIONAL SHARES automatically.

SO it was only people like me - living in the UK and applied for 4/11 and extra shares - but disqualified from applying.

If I had not cancelled my order I'd get every share I budgetted for from those 169M!!

TG is superb - if you'd all followed my advice and let your application run we'd be getting those 1.8p shares in a few days.

I'll be fascinated to see how many qualify. Was IG the only broker who allowed us to apply last year? Those sophiscated UK shareholders that fund raised years ago are most likely to have applied directly to the company. It all makes sense now.

Yes - I do have too much time on my hands - but it does keep me away from watching cam models :O) so I might save my eyesight?

Cheers TB - great news - another TLOU move that is consistent.

I think my logic has worked again - Doc will be excluded - and only non-UK shareholders will get the additional shares they originally applied for i.e. those above 4/11ths back in 2023?

Mainly Pension fund and TLOU directors and a few crackpots who think as I do and wanted to help fund the placing at a loss.

ASX closing price stable at 4.3c (2.25p) - my heroes !

Current LSE quotes FP IG sell/buy 5k shares was 2.025p and 2.08p minutes ago.

Looking at today's RNS, this stood out for me ...

"The initial electricity produced at Lesedi is intended to fulfill the 10 MW Power Purchase Agreement (PPA) with Botswana Power Corporation (BPC), the national power utility. "

INITIAL is the word that stands out!

I thought initially we targetted 2MW , and we were going to build to 10MW for BPC , before continuing to 25MW with BPC commitment signed, sealed and delivered!!!

i.e. TLOU minimal PPA looks to be formality without rose coloured lenses?

If this proves to be meaning it is fantastic news imho. Other markets will provide competitive prices for our 15MW plans , and BPC will have to accept the costs of additional power rather than dictating their idea of the price (if that is true in the first place - the village idiot supports that view so I prefer to think that $12 to $30 per unit provides a price that both sides can accept {if it has not risen to $40 for diesel} ).

TB , I trust you got that from HQ?

My hope is that the DOC will be taken at his word and will be excluded?

Sounds likely because 169M @ 1.8p would be well within his budget I reckon.

So TLOU may be honouring shareholders requests for additional shares (above 4/11 entitlement) which I applied for initially before withdrawing completely because of the confusion over who coud apply. I don't feel hard done by , though TLOU or IG were not on the same wavelength , and both parties had faults?

If , as TB suggests , I wonder if the Doc will prefer a loan @ 8% because it is real money coming home to him! Equity will surely increase with the shareprice and his asset wealth - but to realise that money means he'd need to sell shares which risks dragging the price down (major shareholder selling up headlines!).

The pension fund is known to have applied for additional shares , as did I , but how many more will deliberately have participated at a loss? They deserve to profit from the 1.8p price now. Shame that UK addresses were excluded though.

8 Mar 2024 10:05 Alliance News

IN BRIEF: Tlou Energy income rises in first half; loss narrows

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - In the first half of the year ending June 30, interest income rises to AUD11,383, or GBP5,894 from AUD6,351 the year before. Pretax loss narrows to AUD1.8 million from AUD2.2 million a year ago. Managing Director Tony Gilby says: "The company has made excellent progress over recent months, and we are getting very close to first revenue. Having direct access to the power grid opens up our gas field to a huge market. It has taken hard work and significant investment over many years to get to this point, and we look forward to delivering power and earning first revenue for the company as soon as possible."

Why oh why did I think you might have agreed with me?

Should have known you'd be the same effingidiot you have always been.

How do you misconstrue ABSOLUTELY EVERYTHING?

TG did not makes us think we would be gifted those option - IT WAS A VIRTUAL CERTAINTY that the price would rise from over 5p within 2 years!!!

Brilliant reward for backing our company!

How many pandemics are we likely to see in the 21st Century - the lockdown lasted the whole 2 years - what were the chances of that? TG to his credit must have realised that placing was not a formality and dangled a carrot for the Donkey and his tiny minority of sceptics on here. World recession from that point and higher interest rates returning all contributed to placings being low on TLOU priority list for many of us.

Give Donkey an inch and the idiot takes a light year - so up himself.

TG read the market well - can you not see that Donkey? It was a brilliant option at the right time - give him credit ffs!!!!! Nobody else on here thinks those options were catch out people like me on the hop - maybe he was opening the door to further similar options - Covid killed them as well!!! The Doc entered stage right because he appreciates TG - that is why he owns most shares in TLOU and you my friend have SFA in your wallet or in your skull or in your portfolio that is worth talking about?

I should not have introduced your doubts about management! Green looks better than the reply from the smallest IQ in the country! Roll on confirmation that 169M will never be issued this time round. Filter is already back on - I was stupid to take it off - you were right there!

I considered contacting TLOU for the first time ever to see if I could get some 1.8p bargains. I have relied on news from MinorMiner? (MM !) and Thornback rather than bombarding the main office with queries with similar questions.

I am hoping the 169M are not going to be issued because that is compatible with the lack of news on what is going on.

Whoever decided that shareholders should not be fully aware of what they are entitled to apply for during April falls into Donkey's description of the board! I'd support a vote of confidence because we should be certain of what is going on.

Tlou shafted us on the 2 year options at 4.4p when the price had been 5p+

That was purely down to lockdown and TLOU and us came out of it disappointed but blameless.

The latest undersubscribed placing which was too expensive for anybody through December and January to have justified buying. Not for the first time , the pension fund paid the price having paid 11p years ago and 3.5c this time when the sp on the open market was already lower or about to dive to much lower levels.

I was willing to take a loss along with the pension fund but the Doc was too pragmatic to join in! The TLOU news made it clear to me that I could not participate because my shares are registered to my address in the UK!

But IG in London or Sydney or both made me believe I was entitled to participate when I was offered shares!!! I applied and asked for additional shares confident I would get every share I applied for!

I plagued this chatroom with ways to fund TLOU at limited cost by selling existing shares on the open market to pay those 3.5c or 1.8p prices one ASX ot LSE at a loss!!!

There were question marks about when I should fund my account and then I was able to recover most of my losses to date so I grabbed that opportunity and backed out of the offer entirely.

Since February the market price changed has been considerably higher than 3.5c and 1.8p and the placing is now very appealing to anybody with half a brain or more.

Who is going to play GOD and decide who gets these bargains?????

The 2 year option entitlements at 4.4p could be used to provide us all with a sutable proportion of those 169M bargains - that is what I'd have done if I was in charge.

Not entitled back in the 4.4p days? Then NONE of the 169M.

Otherwise your 4/11 entitlement from December and your 4.4p options entitlement can be used to calculate an entitlement (percentage) of 169M or a brand new target?

That would be fair on sharehoders and restore the good will that was definitely intended back in the day!

One post is as good as two Donks

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I wonder what carp our green poster has now dragged up on Tidds and GG?

Another example of his reverse criticism? How often has he said I live inthe past and need to move on? And he finds Tidds newsworthy 10 years after he walked away from this board when TLOU was on a different mission entirely?

As for GG , is he another in a line of black Botswanans he says are stupid, lazy and bent because Donkey imitates a rascist whilst supporting Ian Kharma , mixed race with a white mother?

They all struggle with the English language as a second language (Eric, Lefoko , Massisi and GG) but I understand their English better than their native language for sure! Imho Eric and Lefoko were/are always pro-TLOU! With sceptics doubting TG's claims without any evidence , they had to listen to their counterparts or risk their careers. The underlying truth was they wanted TLOU to succeed and Sekaname's presence hindered us without a shadow of doubt. Until they surfaced TLOU's progress was seemingly superb! Hence the RFP clause not being challenged on the entry process? That put us back back many years and introduced belt and braces approaches after the laissez faire initial period!!! And a share price of 8p - 10p!

Mutual trust evaporated. A very sad event and then unexpected dewatering delays added doubts before Covid put TLOU's future in doubt. TG kept us in one piece throughout and GG may have been invaluable during lockdown? Single handedly managing a telephone to Australia/Ireland and everything in Botswna?

GG does not support TLOU as much as the other directors moneywise (i.e. failed to accept salary decreases (was he invited to?) and does not put his hand in his pocket at placings either (Is he allowed to?) ) but ,during the pandemic , TG gave him much credit for his presence in Bots during lockdown. I got the impression GG kept things rolling so perhaps his increased workload justified his full salary whilst the others were hamstrung? Perhaps GG helped to get us where we are today with the pension fund and the Govt and BPC?

If Donkey is critical then GG is almost certainly a hero!