Member Info for Winnimandala

Bots That's a hypothetical question.. Kalahari Energy is a private Ltd company and Sekaname is subsidiary of it so it's impossible to say how much they have spent so far. or if they have sold shares on the back of it.

So I can't see the relevance of your question. And you can be sure they have been paying their executives through out! That's for sure !

*Not sure how anyone thought this could be achieved without at least a billion shares of so issued

If it was just about getting the gas out of the ground, there may well have been a lot less dilution. But the reality of developing the infrastructure to produce electricity and supply the grid via poles and wires made it a totally different proposition. Not sure how anyone thought this could be achieved with at least a billion shares of so issued.

As for timescales yes it's been a long haul which i guess nobody really wanted but that's where we are.. Building a new industry is expensive...

On that note I was over at the New Battersea power station development yesterday and at cost in excess of £9 Billion and it's not finished yet! so thinking big costs

Not sure you can put any value on the business without really knowing what gas is available and at what pressure it can be brought to the surface.

The market for electricity is large if you take in the Southern African Power Alliance and the wider need for more and more power. I guess the truth is Tlou need to get connected first and then see how quick they can ramp it up!

Brad what I mean is help with getting funding ... Whatever that requires ...but this where the old brown paper bags may be holding things back.....Corruption is rife in government in this country let alone an african one.. so this could be a barrier in country to getting funding .....

This is why TG is taking things so slow as he need to keep a handle on finances . As they are difficult to get and the project is capital intensive especially now!!.. And at this stage they shouldn't be really ..given the need and the market available once up and running..Surely ?

In the meantime what is this company up to. Why does it have a couple of well paid executives and a rather large board for what really is dormant company

It does feel like the Botswana Government want their cake and eat it too. You would think considering they are paying a premium for imported power. And given it will create a new industry with new jobs and the opportunity in time to become a net exporter of power. They would be moving heaven and earth to get this over the line and up and running ASAP.. The question is why does their attitude lack a positive push . Considering all the benefit it would gain ?

First thing I'd expect from a New CEO is for him to put his own cash into the business in the form of shares bought, not options. If he doesn't think it's a good opportunity ....then why should anyone else. And that is where we are ... JC does not seem to believe his own story ..because if he he'd be buying ..FULL STOP

Not much once you take out salaries out ...... this is now a corner shop business with very little scope to develop anything substantial .... more shares than confetti at a Unification Church wedding

I find it hard to believe the Doc would have invested / lent so much capital if the gas pressure was poor. As without this the project has no value was so ever. But why the company are keeping quiet on this subject is beyond me. They have been very poor on comm’s for some time and this hasn’t helped when trying to get funds from existing shareholders .

Time for TG to come out with a clear path and timeline to fiirst

revenues . The story is very stale with so many missed key dates and

Schedules constantly pushed back.. The last push should be debt financed they have milked the shareholders to many times over the years whilst the share price performance has been poor to say the least. 90% of existing shareholder will be well under water and will have been for years . The silence for Tlou towers is deafening , , time to come out from behind the sofa and lead me thinks … over to you TG may be announce the gas pressure volume. info for a starters …

So if the Doc was out from the start and Pension Lot weren't in either, then what did they really think the take up was going to be.. given the failure last time back in May/June ? Whilst i think the directors take up is a good signal there was nothing else to suggest a big ake up by the rank and file...Surely unless i'm missing something

If you read the RNS then you will see that the Doc chose not to participate in the offer so it was always on a hiding to nothing from that point. The company must have known that ages ago…. it looks like he possible didn’t agree with financing through this method and preferred debt financing. Whizzer is right we are blind to actual revenues and what the profit margins are once into the grid. It’s been smoke and mirrors of some time

I’m not surprised on considering there wasn’t much interest the last time . it was only 6 months back! and nothing much has changed . Think it’s time for Colm to earn his salary now! As he has been saying for years that there are plenty of investors wanting a to invest both within Botswana and else where. Yet they don’t seem to be coming forward hence another attempt at an entitlement offer. Which has yielded very little, all things considered …was it a calculated risk or crux of desperation.. time will tell …l guess

The ASX shares seems to rise and fall on very little volume... makes the share price very volatile ..........yes it will be interesting to see where the funding will come from

There is only senior management ... says it all really!

Surprised they didn’t mention the gas flow rates .. if good that may have encouraged holders to take up the offer ..

I think you fall foul of this requirement Brad:

Eligible Shareholders

This Offer Booklet contains an offer of New Shares to Eligible Shareholders. Eligible

Shareholders are those holders of Shares who:

(a) are registered as a holder of Shares on the Record Date;

(b) have a registered address in Australia, New Zealand, and Botswana; and

(c) are eligible under all applicable laws to receive an offer under the Entitlement Offer

without any requirement for a prospectus or similar disclosure document to be lodged

or registered.

Here’s thing .. I have always known the risks. Involved in getting Tlou through the murky waters of bring a industry to an African country. Having spend some time in South Africa throughout the early 2000’s .. And have always seen it as a minimum of 10 years to see any real return and I started investing in 2016\17 and yes I’m under water .. but it’s still with in my time frame .. My original research I did then and the conclusions I came to is still holds true today .. I have built up quite a reasonable large holding .. But still see the risk worth taking .. as I see it as a nothing ventured nothing gained proposition … The coming months will show us exactly where we are now, where we want to be and how we are going to get there.. I have every confidence that this will come good !

I'm with Brad there why would somebody spend ten years or so trying to prove that TG and tlou don't understand the country's business culture and how to navigate it to a successful fruition. Yes one might spend a short period of time highlighting what you think .and where they are going wrong in your opinon ..then move on ... But to keep it up for such a long a period of time and under many guises. Is not the actions of a rational person.

I have nothing against BOT's Donkey or whatever on a personal level .....but find it quite tedious to read his skewed view of all things Botswana/ Tlou....If he has invested in the company then why has he spent all these years trying to prove their failings and if he's not then WTF the point in spending all this time on something you don't have a vested interest in.. It doesn't make any sense to me! "answers on a postcard"