Member Info for Winnimandala

Currently I see no reason to believe CHEEK Is any better than Budd. Both have made positive statements in their end of year presentations . Then only go into hiding when nothing comes of these promises.

Very disappointing to say the least! Also if he really believes he can achieve sales and an up lift in the company fortunes. He would put his money where his mouth is ..by buying shares. After all he won’t be being paid peanuts to do his job. Action speak loader than words,

Using this type of finance .. shows they really don’t care about the share price as long as they have enough cash to :

A) to pay themselves

B) keep the lights on

It costs the lth holders big time in the short term .. it shows how poorly run the business has been for the last 3-4 years .. especially in terms of funding and costs .. A High cost base low capital and funding options creates the mess they are currently in .. They don’t r seem to know when they will achieve decent income from sales let alone breakeven point .. its very poor in my opinion

Investing on the AIM is as Much a gamble as betting on a horse although with a horse you only get one chance at winning! With a company like GDR there are many chances as we’ve seen over the last few years. Bring new tests (products ) to market in the pharmaceutical / health sector takes time money and patience. The wheels of the NHS turn very slowly and cash is hard to find even for the most cost effective and hugely beneficial tests like GDR’s

The share price GDR has achieved and then fallen from mirrors the impatience and fickle nature of short term quick buck merchants that try to be in and out of a share on a spike achieving maximum profit for minimum time.

Undoubtedly GDR has good products the real problem is monetising them whilst running a hefty monthly costs base which is unrealistic for what really is a start up company with very very limited capital.

Currently they are feeding off a poorly structured loan facility with a Notoriously risky finance company.. it’s a bit like a really bad bridging loan .. it’s a desperate measure that could be the saving and thus making of the company .. but equally could drag the company into liquidation or into the hands of a private company if things don’t go well over the following months.

Budd failed to secure proper funding to move the company forward . And totally failed to monetise any products in his time..

The big question is can Mr Cheek Do any better .. ..the answer so far is not as yet .. And the jury is out on whether he can . He has missed most of his suggested timelines to date .. so is starting to look like a Budd mark 2 .. unfortunately …

You really think TG would have spent $560 AUD (16m shares) in the entitlement, if the likelihood of the project failing at the last hurdle was likely? Not a cat in hells chance, he is too frugal to do that.... I know some will say he was trying to encourage others .. But half a million dollars is a lot of money to punt on?

Brad have you forgot the exchange rate so you get $1.93 AUD for every £1 so £495.32 x 1.93 = $956.92 AUD then / that by 4.2c =22782 shares

Donk .. Mocking .. shows a lack of confidence in one self and not allowing others their point of view is another!

Donk....Debt is never a problem if you have the income to cover it! Sekaname lost all credibility ( in my view) when they tried to be Johnny big balls requesting 97 mw only to go missing for 5 years and then come back asking for 6 mw PPA. Tlou have always been consistent with their starting point, starting very small and then scaling up. I think that says it all about the 2 companies .. One is run by dreamers and the other by a realist!

I didn’t say first past the post .. I said past the first post!! Ie getting connect to the grid ….

Unfortunately you can’t debt finance the business properly until you have proven the concept. The cost due to the risk would make this expensive therefore the majority of the funds have to come from dilution. The share price has floundering due to the constant delays and problems both on macro and a micro scales. This has made the dilution large than it should have been as rather than the share price rising as gets closer to first revenues it has fallen to almost an all time low.

The only real way to say whether the dilution is excessive would be to compare it with another company having done or trying to achieve the same project or very similar. As Tlou are the first in the region to attempt it so it’s impossible to cross compare. But the likes of sound energy in Morocco developing a gas field has almost 2 billion share in issue and are further way from completing their project than Tlou. So what does that tell you … small companies have to rely on dilution until they can achieve a favourable rate on debt finance. Nothing unusual or unique in a billion or 2 shares in issue .. The unique bit is actually successfully achieving it and getting past the first post…..

that's my understanding to ....bot's is like the guy at the grand national who puts his money on a horse with a broken leg and then tells everyone who will listen that his horse is never going to win. well no **** sherlock why bother to waste your stake on the horse in the first place.......

That's a pretty jaundice view of the potential profits tlou could generate.. Do you really think TG would have dedicated 15 years of his working life plus all the cash he has invested. The Doc and the Pension fund would have invested relatively big sums in a business that would produce such negligible returns.. . You aren't looking at the bigger picture and the potential ...but that doesn't suit your rhetoric ..does it ............it's not how you start its how you finish that matters

On the funding front .. I really do feel it’s time that Botswana should come up with funds for the last push .. why should everyone else put cash into it and let the contry of Botswana gain from the new power source without making a major investment in the project .. yes I know the pension fund have stumped up some of the funds .. but still there must be some high networths in country that could put in the next stage funding? Thoughts ?

Stating the obvious again ..Bots

In my positive and twisted mind it makes me think Orapa isn’t total off the table … can’t see what else is up there in that location requiring gas

Though this statement was interesting..especailly the last bit..

.Tlou's competitive advantages include the ability to drill cost effectively for gas, operational experience and Lesedi's strategic location in relation to energy customers

It's very positive... although the substation has only moved on 1% in 2 months which doesn't seem like much at all

The last RNS was abit like you go to the fridge that was nearly empty of food and drink and hope that somebody else has filled it back up.. How can you run a business with burn rate of £400k and have no real income

A Company with a burn rate of around £400k a month is out with a begging bowl for what it can get ! There is little or no traction on sales and the new CEO hasn’t brought any shares off his own back to highlight the so called potential this company offers. The share price has fallen off a Cliff and the noise from the company is deafening .. what does all this tell you ?

If a ship is in dry dock do you need a Captain or two? Do you need a chief engineer ? Do you need a purser ? do you need any officers ? may be one!....So is this company is a nonsense in every way......?

Bot’s thanks for the history lesson.. But what they done with this CBM. Tlou have a plan to extract and use to benefit of all .. I guess you were points scoring over Mr Smith ..