Member Info for Thornback

Brad, I absolutely agree 100% I was thinking of bailing out of this BB for a while but the news of an Orapa tender for the supply and delivery of natural gas sorted me out.

Who knows, maybe there's a new updated tender process going to be released very soon moagi and that TLOU will be getting the documentation.

I posted a few weeks back about this option being a potentoal way forward and I still think it's a great fit for the company.

Brad dont click on the link, click on the screen with TG's mug on it.
It only lasts 1m 17s

Different interview Brad, click on mfm's link and then on the picture of TG.
More meat on the bones offered up.

I thought the pension fund may have taken more with the 75M equity raise but due to the participants being solely from UK entities I guess not.

Great find mfm, I would be happy with that partnership.

Just found it on the 10th of March presentation - AE 15.4%
Sounds about right, that's if their situation hasn't changed since then and the presentation is correct..!

Thanks for the responses gents, like I say I'd be delighted if that's it equity wise.

Hi Mfm, out of curiosity are you not expecting equity to play a part of stage 2 of phase 1 and stage 2 potentially..?
I'd be delighted with straight debt but am expecting more shares being released.

And there's also lots of sells EofA.
Maybe a transfer of shares, maybe from AE to A N Other..?
AE would have done OK if they're reducing or even exiting.

And AE's reduction..!
I'd suggest from cica 20% to circa 15%

Possibly to strengthen the companies position against AE and the likes. I'd suggest AE's %age holding would have dropped with the addition of the 440M additional shares (or 23.6% of the total)

A few interesting lines that I picked up where.
Looking for a new CEO to lead the business going forward.
And
BKM to be derisked and construction ready by the end of this year.

Magnet, read the excerpt of the RNS below, I for one didn't believe the options were either free or disguised. It tells you the purchase price of A$0.08 Circa 4.4p Sterling)

In addition to Entitlement Offer Shares, participants will be granted one unlisted option for every two entitlement shares allotted ("New Options"). New Options will be valid for two years and exercisable at any time prior to expiry at a price of A$0.08 per share. The Entitlement Offer closed on Monday, 13 July 2020.

No wonder I was struggling to understand you magnet.
I said earlier this week "if the shares had become available when we were rising beyond the cica 4.4p and you then had PURCHASED the options at the circa 4.4p and they had drppped to the current price then TG and co would be shot at dawn"
I believe TG and co withheld in making the share options available because of the £2.6M raise and subsequent reduction in sp.
Can you imagine the uproar and it wouldn't be TG and co's fault but he'd still be branded a useless, waste of space, clown etc, etc.
Lile I said there's no rush to purchase the options as long as it's before the expiry date.

Good evenung mrmoagi, would you care to elaborate on your statement below please..?

I personally think that things are going on within Botswana and Govt/Ministry circles that folks on this board are blissfully unawares and completely oblivious to.

Yes Appa some very interesting posts today and some IMO that appear to be loaded from obviously knowledgeable individuals, is there an agenda being played out here I wonder..?

This is a great buying opportunity IMO.
Unfortunately I have no available fundage, grrrr

Yes totally different I agree Brad and not to mention Sirius were trying to raise hundreds of millions not $30
Omcemoreagain, I mailed the company a few months back regatding gas flows and they stated they had no concerns with gas flows.
Gas is still flowing at Lesedi no4 and the water rate is gradually decreasing. It's a single well and not part of a gas field where multiple adjacent wells would all be dewatering.
Because of this dewatering will take time. Drilling of additional wells should speed up the process but that will come later.
Let's be honest we aren't ready for yhe gas just yet

A large reason for the fund raise was to protect against AE IMO.
As for 3p tomorrow, well I doubt it but let's wait and see.