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Their PFAS projects with the Americans (Phoenix) , their recruitment in Brisbane that had already started , and indeed , the future of out partnership all depended on that IPO ..... it looks disastrous. And was 16m+ really pledged?

In early May they had pre-commitments of 16m+ a week after open date or so with 3.5 weeks to go for 20m to 25m target?

I am puzzled why 20 to 25 ? I know TLOU had an option for up to 3M , so did Pure Hydrogen have similar options, with the 20m FIXED! Tlou theoretically could have found their 3M and the 20M would have been a formailty with the range reduced to 20m-22Mm . Could the 1 and 6 that you remember appi? My belief was they were paying for the Carbon prototype out of current funds and the IPO would boost those funds? TLOU did not have 3M spare and I wonder if they had doubts about SM delivering anywhere close to their timetable anyway. I am almost certain they did!

SM are now working exclusively in Brisbane so how we supply theit CBM and Electricity is a puzzle.
There is little hope of producing a prototype in 2022 imho. Talking about which, I put my ideas on here for discussion which rarely happens. So having been hopeful of SM delivering in 2022 and now the opposite, I guess I can say I am right!

But nobody agrees with either of my views ... for me that is surreal?

What will the first positive RNS tell us?
Improved gas flow?
Dewatering complete?
New well being drilled?
New well complete without us knowing it was started?
New placing needed to give directors their full salaries?
New borrowing (debt) for summat else?
Company open to take-over offers?
Company in administration?
Company nationalised by a Kharma government?
Moagi is a super poster?

No biased opinion from me - will pop back in to see if anybody has commented before we get an RNS?

Femke Bol will win the 400m hurdles is my only opinion.

I woke up last night to see Poppy on the bedroom floor, next to a dark Yorkshire terrier and a white fluffy dog whose head was not visible , so I could not recognise the breed. I wiped my eyes several times and could not understand it! I put the light on and the terrier was a an old fashioned loud speaker (wooden box) and the other dog was a pillow that had fallen off the bed. And Poppy was Poppy. That was surreal too.

Just read more than the first para of the LH2 post and realised there is an RNS!

Having TLOU and TOU on the go across the globe plus the Botswana exchange, sounds vey complicated to me.
ASX presumable only count the Aussie shares in AUD , so the GBP and Pula shares do not exist in their eyes?

I initially put it down to ASX options being written off , I am not sure if they are listed still in my accounts, but they did not disapper when my TLOU options diasppeared.

I am guessing, but this looks connected to the Pension fund funding - I don't suppose they want to receive shares from LSE, ASX and Botswana at unknown exchange rates? I have TOU and TLOU holdings with two brokers across 4 accounts and that is complicated enough. I cannot hold options in my ISA account so I have nominee accounts that should have closed in favour of the ISA - but I wonder if TG will make us a further options offer in the future? Covid buggered the last one or we'd have had a share price above 4.4p and 8c .....

There must be some of you etc's who only have an ISA , how did you manage the options problem or was that a load of baloney from one or both of my brokers? I think one of them , Jarvis X-O , might have put the options into my ISA without a problem. IG had to be chased in both London and Sydney to even allocate them to my accounts! Too many cooks perhaps?

IG did condescend to put my ISA options into my nominee so no complaints in the end. At less than 2p this might be a good time to bed and isa all my shares. I think I can say the departure from nominee to ISA will not qualify for capital gains tax?

Poppy is well for the dog lovers on here! I looked as fostering one of the many dogs that have filled the dog sanctuaries to the point they have to turn away new ones. The Dog's Trust disallow fosterers who have animals already so I gave up that idea. I also nominated my home to Ukrainians in March , and last Friday Dorset Council contacted me as a result.

I said that on a pension , I was worried about multiplying my cooking and showering costs from October. It was not the first time she'd heard that and instead of me helping Ukrainians she ended up trying to help with fuel bills on a pension.

If Liz Truss wins , I can see Brits preferring to go to Ukraine for whatever reason!

Cat got your tongue Moagi?
Do you not realise all you do is quote irrelevant African news or talk about me? You never discuss anything sensibly.

I'm sorry you have thrown Kenmare money away, and bought very badly into TLOU.
I lost a fortune buying into Avanti comms at £7 a share expecting a successful Ariane launch to raise it to £9.
Ariane was 110% successful, the satellite used so little fuel to reach its orbit that its life was extended by 7 years!
AVN never saw £7 again, it halved, I even ploughed good money after bad at my idea of an all time low of £2.20 .
They went into administration a few months ago and my brokers say the debts are so high I'll get nothing!

At least your losses should be alive and kicking in a thriving company under a very different leader in TG.
When the price hit 17p he did not cash out £millions as David Williams ,AVN CEO, did! That was the catalyst for the drop to £3.50 . AVN were targetting Africa and surprise, surprise , could not find buyers of their bandwidth. Ariane and the satellite cost a fortune, was followed by more launches , and more debt. Technologically they were perfect , they could beam broadband to anywhere in Africa or the Middle East and parts of Europe , including the UK! I always said the UK had enough bleak areas that they should have built a business here! I like to think TG would , but cretinous Williams persevered in Africa. Debts of £850m eventually killed them.

Now do you see why I revere TG? He has kept us out of debt and technologically Africa has bitten him like Australia did not in his first 2 successes with CBM. How can Selemo be dewatered in a couple of months, yet Lesedi, a few miles from Selemo, is taking years?
How did the Govt insist on an impossibilty i.e. tenderers had to have a history of selling CBM powered electricity to BPC? And finally , why did Covid strike during those two delays?

TG's experience in Botswana is the total opposite to AVN with 3 or 4 satellites orbiting earth successfully.
Those satellites have a limited shelf life, Tlou's shelf life is at least 40 years, once dewatering comes to an end, we'll see progress. Then with some income to work with , TLOU can become the £billion industry I have expected to grow for several years.

Moagi, I hope you have some TLOU golden nuggets left, one day you'll worship Tony as well. And you'll be able to buy back into Kenmare and give any survivors here a rest from your incessant bleating! Silence of the lamb.

It is also pointless trying to try explaining anything to you Moagi.
You are incapable of understanding the most basic of ideas.

"SM, Dewatering,Crypto,New drills,increasing gas flows,hydrogen,extra wells,wires on poles, are all conceivable.
What is inconceivable is TLOU asking us for more money before one of the above "

TG is doing his best to restrict the number of shares issued - you on the other hand turn 600m into a billion - or count 600m as many more zeroes than 100m using your numb skull - and never admit how stupid both calculations are! Meanwhile TG gets no credit for keeping the shares low.

Sirius issued 8-10bn , Woodbois are around 2.5bn , TLOU 600m

Kenmare bought back how many to raise the price above your pocket money so you switched to TLOU?
And you used your piggy bank to buy into TLOU in double figures for sure!

Regrets? You have a few! I wonder how you did when you got out of Kenmare following their first repurchase?
Today's headline on Yahoo "Those who invested in Kenmare Resources (LON:KMR) three years ago are up 129%"

Meanwhile Moagi might have bought at 15p at TLOU and seen a 90% drop to 1.5p ?

A reason to be cheerful? Sure is!
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Yahoo quote this on Tlou, TG is managing things well it seems. Debt rather than dilution is his mission.

"Can Tlou Energy Raise More Cash Easily?

While we're comforted by the recent reduction evident from our analysis of Tlou Energy's cash burn, it is still worth considering how easily the company could raise more funds, if it wanted to accelerate spending to drive growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Tlou Energy's cash burn of AU$2.7m is about 9.1% of its AU$30m market capitalisation. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

So, Should We Worry About Tlou Energy's Cash Burn?

Tlou Energy appears to be in pretty good health when it comes to its cash burn situation. Not only was its cash burn relative to its market cap quite good, but its cash burn reduction was a real positive. While we're the kind of investors who are always a bit concerned about the risks involved with cash burning companies, the metrics we have discussed in this article leave us relatively comfortable about Tlou Energy's situation. "

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