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Agree Winni, doesn't do it for me if I'm honest.
As you say 1% Progress on the substations since December and the line "The Company remains committed to delivering electricity into the grid at the earliest opportunity" doesn't impress me much at all, does this indicate it may not be in 2024? Is funding becoming an issue, I hope not.
Yes a little top up here too, the extension hopefully buys us some time at least and with the pathetic sp a relatively small amount staked makes a big difference to my average.
Hopefully Larkin gets something done to turn this mess around.
So how are the AIM comments about fund raising only partially right?
A placement or Primary bid may be possible but from what I read AIM limits the amount against an open offer for a 12 month period so an Open Offer is not permitted. Even if it is permitted there you go again with your comments, making things up to try and belittle people.
"They could have tried their luck there again but probably decided it wasn't worth the effort for the likely reward. Not many sophisticated investors lurking here for sure; more just a bunch of punters desperate for their luck to turn after years of frustration"
Well the open offer from May had poor returns from all 3 markets so why make out the AIM people are desperate punters.
The reason they may be coming back is because they have people from Botswana who are now satisfied with where the project is going and have indicated they want to be part of it.
Morning Winni, regarding your thoughts on the open offer, AIM limits the amount that can be offered in a 12 month period and because of the open offer in March it could not be offered to us.
Reading between the lines the company are expecting a good chunk of the open offer to come from Botswana, I would think that could mean the BPOPF based on the 4 for every 11 but we'll see if that happens.
Forget what I think FSB, it does not state what you claim it states, as per usual you are giving it a negative spin to aid your agenda.
I'm sure you know how much of the raise will go towards the Drilling Programme?
By the way how does Orapa run/power it's mine now Far Superior Being?
"These funds are stated on the announcements as for use to finish off the pilot project 10MW, tx line and sub-station connection. 13m aussie dollar to finish off the remainder of the project"
It does not state this at all
It states this;
The net proceeds of the Entitlement Offer, along with existing cash, will MAINLY be applied by Tlou towards achieving Lesedi power project power grid connectivity in Botswana, including expenditure relating to:
· Transmission line and substations
· Drilling, field operating costs, gas gathering, generation
· Corporate expenditure and working capital.
There is no mention of Pilot or 10MW, how do you know it's not to get to immediate expansion to 25MW as per plan?