Member Info for BradSmith

The last 2 Tuesdays saw the BBC showing documentaries on the UK energy policies or lack of them.

Peaks and troughs abounded on all the various methods. Nuclear, Solar , Off-shore wind, On-shore wind , Hydrogen , Heat pumps, more North sea gas etc etc - all looked to be the panacea to our problems in turn.

But , having made the case for each , the troughs followed and the common factor was polical stagnation for decades and/or huge extra costs on top of those to accomodate each method.

A bloke who accepted a heat pump for his large house then found his whole central heating system needed replacing , pipes and radiators costing him a fortune.

This is in the UK , so the 10 years it has taken TLOU to get where they are looks pretty good to me. Hydrogen looked the answer, and I was chuffed to bits! Then they covered Hydrogen production which had several avenues - all held up for decades by politics - and very risky for each would-be Hydrogen producers.

TG went to Botswana in preference to going for a third Australian success. He saw politics increasing in Oz , margins reducing , and thought Botswana was better on both. If he can get a foothold in Africa within 20 years it might be a huge achievement. And that looks to be the odds-on favourite?

Is the logic that accompanies TG's lack of news.

I find little evidence of TG having much to buoy the company up.

My original thoughts on the Doc were similar to MM's - the risk of a hostile takeover looked clear - so MM got out , the clever bugger! I thought TG was allowing Doc to get away with a peaceful takeover , and rewarding fellow directors and himself with cheap shares.

I was an idiot to believe that - it appears shareholders , the pension fund and folk like us , have decided we have put too much money in - every purchase at multiples of the current price of 1.5p - so nobody has the remotest chance of recovering their investment. We are faced with huge losses or putting our faith in the Doc staying onboard long enough to see revenues commence. He is faced with huge losses despite getting in at a much cheaper level than most of us.

We are getting closer , slowly but surely , to production and providing TLOU do not go broke there will be an upturn in the SP. News of dewatering and much increased gas flows will do that overnight and then there will be a stampede for our shares after the prices escalates from 1p to 5p or 6p. At that point the big institutions will take an interest and financing problems will disappear. News that Mamba is independent of Lesedi leaves a sell-out to a senior oil/gas outfit. Their money will bankroll Lesedi expansions and maybe Boomslang and Solar?

I have always felt grateful to TG for keeping us going , and I reckon he gas worked miracles getting the Doc to have faith in TLOU. He is near to making us an up and coming company - we should have known the TL was delayed for unknown reasons or the substations would have been started earlier. No news is better than bad news - keeping Mum makes sense to me! As sad as that is! TG is fully aware that he has been too optimistic on everything - I am gld he has spared us the pessimism cos there is a lot of that for certain.

Lord knows how many trades I have done that qualify for Frequent Trader discount but I seem to have less than 3 in June and lost it. It now means I may be vulnerable to quarterly custodial charges because the value of TLOU is so pathetically low. I cannot remember how much or how little the thresholds are set at.

Tlou is in limbo for sure.

They cannot generate electricity until there is somewhere for it go.

So electricity is dependent on the TX lines, substations and connections at either end.

The non-electricity lowers the need for gas - so gas id dependent on both electricity and TX stuff.

And getting cash in to finance all 3 , gas production, electricity production, and TX lines etc is dependent on upon backers who think the runners are going to be joined up soon.

Once that happens , TLOU then need to prioritise where the income will be spent?

Tx lines will suffice for a while, electricity generation hopefully the same , extra CBM drills ine way to burn cash. Or is it better to make a start on solar? And then there is hydrogen? I think TLOU did magnificently well to limit our commitment to Synergen Gen , but if they suddenly get their lances off the ground - I think they'll need to budget for SM? £3m was mentioned when they were expected to float. It was cast in iron , for sure but I remember noting it was not a commitment just a possibility. Did we have £3m during lockdown perhaps?

Glad you mentioned me Winni - I have forgotten to keep my Frequent Trader going and I need to see if I am going to lose it in August if I do nothing. Not that I am likely to blow money on trades anyway. £1.50 seems to be the old £1 in food supermarkets. I used to pick up things that cost less than £1 but there is very few things in that price anymore. My 62p choc bars are 95p, 99p and ny 89p ones are £1.25p and rising.

An open men's final about to start - quite exciting - shame I do not like either guy so I don't give a fig who wins!

Olda, multiples of £200k tranches plus £250k options ?

I don't think many have that sort of cash 20m shares at £450k ?

I could not afford one million tranches fo £20k and £25k.

The idea is OK but multiples of 100k shares (£2k and £2.5k) , not much of a solution for TLOU per investor admittedly. You have emphasised TG's problem , no wonder he pandered to the Dr.. It cannot be much fun. We have gone through Crypto, Hydrogen and Solar to raise expectations. We are still waiting for CBM dewatering and gas flow news , not felt this despondent about TLOU before.

TB , don't you realise , without Dr. Campbell's support, your attitude would have almost certainly seen TLOU die?

In other words , you are putting us all at risk of losing every penny in TLOU by doing nothing!

Selling at a profit is utopia - I had a mix of profit and loss - but I'd rather lose a small % than 100%.

I have been angry at Whizzer repeated taking your stance because new investors would see why the price is so low - and , as I am trying to emphasis here , would expect TLOU to fail.

I thought Whizzer was in the minority , but 86% is very much the majority with the Pension fund included it seems?

I suspect most of us have our quota of shares after all these years and the price trends. We therefore need new investors to fund the final push that will produce an initial income in 2024.

The plan was always to self-fund using our ever increasing income to keep diution down.

TG has honoured that pretty well with the support of the Hemsley group, Pension fund and DR. Campbell. In fairness to Colm , they must they must be from who he got a lot of mileage.

Dr. Campbell saw TG succeed with Arrow and Sunshine in Australia in the early days of CBM power. It has taken longer than anticipated in Botswana but the price is definitely a fraction of what the copany is worth. TG is well on the way to his hat-trick. Getting all the necessary approvals/authorisations from the government cannot be undervalued in Africa. GG , no doubt , had a hand in them. Colm has had the support of our benefactors. TG has on course despite within his frugal funding over the years , against the odds imho. Cheer up!

Clearly not Winni. I thought they'd reappear as a part-guarantor but may not have wanted to be named in advance? 4/11 of £3m is the £990k raised (£690k really) or 30m shares @ 10p

They bought several tranches including a big one at 11p so they'd have raised more on their own.

TG has gone way up in my estimation. With hindsight, he has clearly read the terrain better than me. I saw a ski-jump ramp from the summit , he saw Mount Everest from base camp.

I feel very lucky that I am not looking at huge losses , a wipe out for me , following HMV , Sirius, Us Oil and Gas, and Avanti all failing. I spread my money across 5 companies to reduce the risks and all 5 would have cost me an unbelievable amount. And I wanted to put my dear wife's savings into these. Bless her cotton socks she preferred to take 0.1% or whatever the ISA rate was. Nobody could have persuaded me to cash in over well over £100k but that is precisely what I should done. Ironically my free CBA shares, earned a life policy taken out in 1971 which expired in 1996 for pennies per month with Colonial Mutual Life , are worth around £15k and earn me £300 i dividends twice a year! They are with a broker , not online , as are some Rolls Royce shares that were freebies and my dividends are in C-shares which I do not understand!

I admired TG for getting us through the last 3 or 4 years - but this Rights Issue has shown why he went behind our backs with the Stephen Hemsley et al in the UK , Pension Fund and Doc Campbell. We shareholder raised 900k with a cost of £300k for a Open Offer!!!

We owe our existence to those private investors plus our directors who have put us all to shame!

On my meagre pensions I could not justify breaking into my (my wife's really) savings so I tokk a loss on my shareholdings to help the company!

I don't think many of you understood me at all. If I had realised how poor this issue was going to be I should have MADE SURE THE PLAN WAS OBVIOUS.

If we have another General Rights Issue I'll repeat the process!

1. New shareholders cannot apply for the issue so it TLOU depend upon US?

2. By selling some of my existing shares , I might bring brand new shareholders into TLOU, and their money is going to pass to TLOU through the rights issue.

3. I end up owning a similar number of shares but the company gets what they'd hoped they get from me?

4. 14% of us lived up to expectations.

5. 86% ought to be ashamed of themselves imho - we should all have lost our money years ago.

So , far from being a villain , the Doc is a life saver, along with the other special investors or whatever TLOU called them.

MinorMiner saw this I guess - I take my crash hat off to him!

My blether about TLOU trying to profit from high gas prices when the iron was hot are now well and truly in the waste bin. This is the 10th Carry On film .... Carry On Surviving ... we are a year or two from being the first CBM powered Elecricity producer in Botswana. Long live TLOU we are on the final laps of a 10km race , against all the odds it seems.

I typed a fuller version of this , and then checked the SP of TLOU , deleting half an hours work!

My program shows me what I want , but needs my eyes to spot the various things I look for.

I wanted the 5 fastest races to see if one dog stands out and it was fine until I spotted this!

The graph did not have Trap 4 at 33.66 at all? Taken me a while to figure it out!

Pass 1 Extract the traps with the overall fastest time!

Add 100 to those times to demote them!

Pass 2 Get the next fastest times and repeat

Pass 3 same again etc until 5 races have been found!

Life Traps and DOGS

1 Hitthelids Stevo

2 Runny Egg

3 Capel Hunter

4 Bellicus Breeze

5 Lady Loveday

6 Blackhouse Conni

Timeform Variations

6 6 Vacant

Time 33.66 Trap 1 4

Time 34.05 Trap 1

Time 34.17 Trap 1 5

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

Trap 4 actually ran nearer to 34.05 and was Line 2!

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

??????????????????????????????

I processed Trap 1 at 33.66 , amended it to 133.66 , and promoted Trap 4 to top dog with 34.02!

When I got to Trap 4 , it was now the fastest so I added it to the 33.66 list!

Swap Trap 4 and Trap 1 , and the same happens for Trap 1 but too late to be found on Pass 1.

????????????????????????????????????????????????????????????????????????????

Moving the add 100 to the end of the pass produced this ...

Time 33.66 Trap 1

Time 34.02 Trap 4

Time 34.05 Trap 1

Time 34.17 Trap 1

Time 34.18 Trap 5

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

Suggests Trap 1 has a good chance to me AND IT WON WHILE I WAS WRITING THIS!

Did not back it while I was doing this! Boo!

https://www.sportinglife.com/greyhounds/racecards/2023-06-16/crayford/racecard/348627

Substations in landlocked Botswana will always take a long time Winni.

The canal from Lesedi to the nearest Ocean is the biggest problem :O)

Good news , TX lines ready this year!

Iffy news , substations will delay that benefit for up to 6 months.

Good news 2024 looks promising for going live and by then we'll hopefully have higher gas flows and more power in the form of electricity for BPC.

The company are giving off good vibes by talking about gas flows and dewatering after going very quiet on both. As Winni mentioned , there seems to be an air of confidence about #6.

I am kidding myself that #6 will be much quicker to dewater because the first wells are notoriously slow sometimes. And I am hoping somehow #6 will influence the dewatering on #3 and #4 by venting the channels so there is mutual benefits to all of them.

Having watched a few Handicap races , I am starting to like them! Trap 6 in a level start has to get around 5 dogs with bumping and boring everywhere! In a handicap, trap 6 makes up the ground with open air aroud it, and can then pass the others in small groups with less risk of being crowded, bumped, taken wide, blocked etc..

Traps 5 and 6 in the 11:51 at Nottingham look to be a certain forecast, I haven't backed either because I saw it is a HC and Trap6 is called Wellington where I was brought up! Yestersday dogs with Poppy and Ziggy (my dogs now and then) both won! Now to see the result (blind).

The rights isssue of 2p (2.05p on LSE) , and 3.5c (3.7c on ASX) will give us a few pence to make up for nothing from the options of yesteryear!

I hve been ressurecting my greyhound system that I started for a mate yonks ago.

He wanted me to use his formula for predicting losers for him to lay! His idea was that he was bcking all the other runners - so the odds were good enough to make him money.

I said I'd learn about hounds and I started producing graphs for each dog , handdrawn (with code on a panel) - it llok a long time! Using a spreadsheet and my own macros I have a working version for making the winner or the loser easier to spot.

I only bet with the minimum stake of £1 and it is working well after only a week!

Today I put £5 on what looked like a certainty and it had online coverage of the race on the web.

I was going to win £16+ , easy money !! The coverage started and I saw the traps were offset like F1 grids and my dog was giving the field a huge start! It was what they call a HANDICAP race !

Lucky for me the odds had reduced on it so I could cash out for a certain £1+ profit! I got it in with seconds to spare and the race started! If it had not been videoed I'd have won my £16.

Next race at the meeting was another HC (I now look for HC as the grade of race after those races) and I had to let it run and my dog was miles behind at the start! It nearly caught them all and the commentator thought it was unlucky to be 2nd , and a loser!

I sometimes back 2 or 3 in the race if odds are favourable so 1 or 2 dogs have lost before the race starts and over 2 days I backed 80 dogs of which 31.43% were winners. I am still developing it so there were a few bugs in the code during those 2 days.

My lifestyle makes me wonder about the cart and the horse, chicken and egg etc

Does old age and a hermit style of life cause dementia , or does dementia highlight the signs of old age because the brain is dying of boredom?

Blooming banks - my bank has wiped my payees since they increased security.

I added Jarvis ISA and non-ISA to pay them a while ago.

I just sent £25 to my non-ISA thinking it was IG :O(

Had to set up IG as a payee because IG only accept £250+ from web deposits as an IG user!

Transferring cash from bank to IG from bank account allows any amount , so I was able to send £25 that way.

My account shows ...

Funds: £2,265.69 Estimated total cost of take up £2,266.74

It was estimate of GBP 2266.32 just now, demonstrating FX variations.

Winni, from my correspondence with IG their close was as you say, noon today, but the written word suggests it was actually yesterday at noon. I never got my phone call to say what I was short of (a very long list nowadays), bu they told me what I know , how many shares and their cost! That came by email - and I never saw it until afternoon , on either day!

Is still have funds in cash , not for LSE shares which they took weeks ago , but for ASX shares payable in AUD but fundable from my sterling account. Sydney have not made contact but my electronic contract papers show I have enough GBP to cover my estimated AUD liabilities, plus too much contingency amounts to allow for the prevailable FX rate on the pertinent date.

I'm a bit peeved because intended to increase my extra request to use up the surplus amount and IG are casting doubt if it is enough for the lower numbers!!! I need £340 and have £350 for one account. And the other account has changed from yesterday - I see I am now £1.05 short on over £2k that I need! They clearly did not want to ring me to mention £1.05 when it looked like I was £4k+ short from their email. The £400 surplus has seemingly been wiped out, no doubt by a mysterious £401.05p or summat similar?

My statements are so complicated with lapsed offers and buys and sells listed in abundance.

Better transfer a few quid I suppose?

OMG this arrived 11 minutes ago from Australia (I assume)!

" 23:15 (11 minutes ago)

to me

Don’t miss out on your shares

View this email in your browser

IG

Log in

Forgotten details

Fund now to get your Tlou Energy Limited - (AU) shares

Dear Mr

With the deadline only 24 hours away, we’ve noticed you don’t have sufficient funds on your account to take up the Tlou Energy Limited - (AU) Non-Tradable Rights Issue.

The amount due is currently GBP 2266.32.

If you’re unable to fund the account with the amount needed by 11:00 UK time on 14/06/23, the offer will lapse by default. "

I have GBP 2265.27 so £1.05p to pay!! Hallelulah?

37,000 Mw peak , with Eskom able to guarantee 27,000 Mw ?

Botswana were importing power from Eskom when I first heard of TLOU.

If I remember rightly, Eskom preferred to supply Botswana because they would pay more that South Africa - one of the reasons I invested here - TLOU could make savings for BPC and BPC would want TLOU to be online asap?

That was the experience for a couple of years - Sekaname were a bloody nuisance but it looked like all systems go - and , understandably , TG thought that way too! Sekaname wanting a 100MW PPA put PPA's on the critical path big time! Tlou could not give a stuff about a PPA - it was, and still is , so obvious we could sell power down many avenues 10 times over!

That effing PPA resulted is the PFR saying "only companies already supplying CBM power could apply ". TG was more interested in producing power within a period measured in months so the PPA was an awful diversion at a critical time! Selemo was a success , but royalties were payable on Selemo powere , and the hope was Lesedi , royalty free , would follow suit!

We all know the PPA lost all momentum and trust between the Govt and TLOU , and ever since it has been almost stagnant with every word having to be triple checked and dewatering not following the Selemo experience. With hindsight we should have pushed on at Selemo , produced excess power that could be sellable to the grid or excess gas to be bottled for BPC to replace diesel with CBM - the virtual pipeline of lorries!

I do not blame TLOU for how it has turned out, I think TG did what was necessary at the time.

Who'd have thought electricity prices and diesel prices would go mad worldwide because of a lunatic Russian? If Tony had foreseen that - would he have wasted all that time on a PPA?

Lots of people on here were behind a PPA , I never was , and TLOU were not either! But would we have got any cooperation from Botswana if we declared UDI to get on with producing gas or electricity for gas. Permissions for a TX line would have still been an ongoing issue and maybe licences would not have been extended year on year? If ere were connected to the grid , I reckon Eskom would have bought us out years ago. As things stand we are thousands of Mw short of being a solution for Eskom. Dragons Den would be interesting if TLOU applied.

Perhaps TG would like to request £20m for 1% of the business , and we'd see what the Dragons think about our business. The Doc is our Dragon , he has paid a few millions for a much higher percentage of TLOU.

I spoke too soon! TODAY (SATURDAY) I received another memo from IG, saying I was at risk of receiving no rights issue die to lack of funds!

Fortunately the guy I spoke with spoke excellent English so it is left that IG will check it again on Monday morning and ring me with the outcome. i.e. how much the shortfall is!

I think they think my £2200 if to fund my LSE shares that are already paid for!!

The £2200 is for my ASX rights and extras on one account , and £379 is £364 on my other account.

For the second Monday in a row I have until noon to get it sorted! Nothing seems to be straightforward nowadays.

It depends upon the broker policy Winni.

When I started investing TDW did not insist on monies being in your account so you could do your deals and then fund the account by settlement date knowing exactly how much to deposit.

That changed so cash had to be deposited in order to deal.

My post of 2 Jun 2023 00:15 shows X-O consider the cash to be tradeable immediately due to settlements for sells matching settlement for buys! I think this rights issue was a little vague on when accounts needed to be funded by. That 2 Jun 2023 00:15 post shows X-O consider the money to be cleared for trading but not for withdrawal. TLOU did not give them enough time to communicate by snail mail and for the shareholder to decide what he wanted and how. The extension has taken the heat off X-O but leaves me not knowing what is happening with them.

I'll surely get the shares I asked for , but will they charge me interest and commission? I have two settlement dates on my sells , the 2nd and the 5th and they required funds by the 2nd!

Their rule says the 5th or the 2nd does not matter if I trade?

Rose called as I was reading it Winni.

Just realised I never looked at it again.

Thinking about it, I now suspect that not only was I having a problem with my X-O deals , but X-O may have been in the same dilemma? Did they allow my application or not?

Perhaps enough brokers asked for respite from TLOU settlement date that TLOU would have lost my trades and many others? X-O settlement date is the 7th on Friday’s sells BUT the money was in my TRADING TOTAL and they were obliged to hand over my settlement amount before they got it????

Thousands of customers could be lots of cash?

I think that makes sense?

ASX cash in place ready for this evenings trading from Sydney.

Portfolio shows ASX and LSE positions for the rights issue. Value of LSE shows as 2p , and ASX as 0 which will change to 3.5c hopefully. On the 15th they will become tradeable and merge with my existing counts.

X-O long awaited letter came today - not what I was looking for at all!

Just confirmation that my ISA account had been reacted for the current financial year after a couple of dormant years. Just checked my positions and they are unchanged since I sold last week to raise most of my funding.

They were a week behind IG on the issue so hopefully news this week plus snail mail delivery?

To think people loved Royal Mail when they replaced horses and carts with steam trains and bicycles :O) Time have changed in some places.