The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This video on youtube appears to be the meeting at site, around a month or so ago informing the workforce of a 4 month halt to production. Sadly, I don't speak Portugeses, however, if any of you do it may give you an insight into what the employees were told....
https://www.youtube.com/watch?v=3zSOyVTzTRA&t=104s
Thanks,
Make that 319,950. I've increased my holding a little more here.
I thought that this was just about calculating the total amount of shares in private hands, nothing more, nothing less?
Anyhow, increased a little bit more.
Thanks
Well said Brad, your comment on PPA, Perfect Plonker Award, had me in stitches!
Whizzer, whilst undoubtably there have indeed been various delays, not all the fault of TLOU I might add! You need to think about what it is that you’re suggesting. Replace the bod? I’m sure that you will have looked carefully into their background and previous roles, successes and connections, especially in Gabaake Gabaake, Lina Moholo, Hugh Swire and of course, Tony Gilby’s! I can’t think of a better, more experienced and talented leadership team than what we currently have.
If you think so negatively towards the bod and their lack of accomplishments to date, then maybe, just maybe, you should actually consider selling up your remaining holding and buying shares in a different company or even different market than AIM? Buying shares in a junior exploration company on AIM was possibly the wrong company for you, at the wrong time? There have been some good plays in the FTSE 100 lately, maybe you ought to be looking to shifting your funds over there?
Myself, whilst progress has been frustratingly slow, I am also positive that in the next 12 months a lot of these issues that we are discussing today will be ironed out and that we will indeed be looking at a very different company. Anyhow, have a good weekend and hopefully, fingers crossed in the not to near distant future things will start to change for the better... over and out.
Indeed they have Whizzer. I suspect the snag is something called COVID-19. If you were in the bod position, would you push ahead with a large funding deal, knowing full well that the likelihood was that even if you had funds in the bank any progress could be severely hampered in the current climate. I’m afraid patience is the name of the game here at the moment.
Thanks for the links and video’s Brad.
Very interesting and informative.
Woody
I ran out of words with LSE, I got to my 3,000 allowance...
Good Morning or Afternoon Brad, depending on where you are. My own thoughts, comments and observations would be as follows.
The reason, that I believe in my own honest opinion, in that the 10MW PPA has stalled is because both Lesedi 3 and 4 are, at the moment, only producing enough gas to power the 2MW proposal. This I conclude for a number of reasons, the main one being, is that there is so much water present and also the another reason being the video you posted of the African minister who appeared to suggest the same.
I actually think that long term this is a good thing. Because to me, it also suggests that the presence of so much water (more than was envisaged) is indicative of alot more gas in place as well. This constant de-watering, has therefore had a negative affect on the ministers in Botswana, who, I believe not being experienced with this type of business are hesitant to commit (to the 10MW proposal - again as your video suggests) which in turn has held things up.
This would therefore lead me to believe that because TLOU have proved that there is enough gas to power a 2MW generator, at present, the government of Botswana have given them the temporary PPA in order to allow TLOU to seek access to funds to be able to continue the work (because this has been a requirement that the lenders have repeatedly asked about). So, I think now, it is likely that in the very near future we will hear more positive news, probably:
1. More information about the plans that TLOU have with solar power (I suspect that they are already advanced in discussions with a partner here - my own thoughts).
2. Positive news (now that TLOU have a temporary PPA in place) regarding funds to allow TLOU to start purchasing equipment and reserving resources to erect the transmission lines...
However, even if TLOU get the funds in place. Unfortunately, in Botswana, I believe that the COVID-19 pandemic will have a negative impact on the ability of TLOU to get the transmission lines built by the end of this year, if anything I suspect that it will probably go into the 1st Qtr of 2021. This is my honest opinion, nothing more.
Now, in relation to Orapa power plant and your comments regarding that. There are numerous videos floating around that you can watch (and I am sure that you already have), where Colm Cloonan suggests that TLOU could possibly, look to connect to the Orapa power station, by means of a direct gas pipeline. However, I think this is further down the pipeline at the moment, pardon the pun! TLOU need to get funds in place first and foremost for the transmission lines and the small 2MW generator plant, infrastructure and everything else that goes with that.
Being in lockdown myself over the last couple of weeks, I have watched a number of videos and presentations by TLOU that also suggest they want to progress the small 2MW power generation. To get some income flowing into the company to help make the capital expenditure easi
Hello Brad,
To answer your question, no I did not put a limit on the price.
The trade has now gone through, which I am pleased about. Although it is not at a fantastic rate at the current share price, however, I now have an additional 490,389 shares at 4.7526p.
Not fantastic but I'm quite confident that will change soon.
Thanks and have a nice day!
Cheers
Woody
Thanks Brad,
The trade is still pending, I guess they are struggling to fill it still as you say.
I have been getting different rates to be honest in the following ranges:
6th April 249,519 bought at 2.6p
9th April bought 100,000 at 3.18p
9th April, also a larger trade which gave me 200,000 shares bought at 4.16p
I will let you know how this larger trade goes, once it is through.
Cheers
Woody
Good Morning Brad,
I actually have another "Negotiated Trade" going through here now. I'm rearranging my portfolio and attempting to buy £23k in here. It hasn't shown up as purchased (I gave the instruction to Halifax just after 9am).
I will let you know when it goes through...
Cheers
Woody
Hello Brad,
These 10,000,000 shares that have been released from Escrow (according to Reuters). Are these shares that are purchased for the directors, as some sort of bonus or? I'm not sure I understand what they are?
Thanks
Woody
Hello Brad,
After some time, I finally managed to get 249,519 TLOU shares @ 2.6p in the end, via my "Negotiated Trade" so overall I'm happy with that.
Cheers
Woody
Good Morning Brad,
It's okay, I did take a look at both IG and HL trading accounts over the weekend. At the moment, for various reasons (mainly the unexpected news on Friday), I transferred money into my normal ISA, with Halifax this morning and put an order to buy in before the markets opened. I've just checked my account and still no additional TLOU shares are showing as of yet. Fingers crossed before they get too expensive...
Thank you anyhow,
Woody
Good Morning Brad,
Thanks very much for the detailed reply!
I will take a look at the video you’ve sent and also at IG accounts.
In the meantime, no problem with the spelling and I hope that your eye heals quickly.
Have a good weekend!
Woody
Good Morning All,
I have been following this bulletin board for some time, with interest I might add. I am positive about the future of TLOU and am already invested here, amongst others.
In relation to that I am looking to buy more shares in the near future but I just wanted to ask if any of you had much experience with Negotiated Trades? Please excuse my ignorance but I tried to buy a couple of hundred thousand TLOU shares and my provider (Halifax share dealing) would not give me a live price. I had to purchase them by way of a Negotiated Trade. Next week, once we enter a new tax year, I am looking to top up my ISA with more shares. Some of which will include TLOU. Would I be right in concluding that the Market Cap of 20,000, indicates that you can buy and sell shares in TLOU without entering a negotiated trade of upto this amount of shares or?
I would appreciate any thoughts or advice that any of you have in relation to this, thanks.
Woody
FOR IMMEDIATE RELEASE GLOBO plc ("Globo" or "the Group") Company Statement Globo plc issues the following statement: On Friday 23 October 2015 the Board of Directors of the Group became aware of a report published by Quintessential Capital Management ("QCM"). Following the announcement by the Company on the morning of Friday 23 October 2015, an emergency Board meeting was convened as soon as practicable for Saturday 24 October 2015 to discuss the allegations in the report and to ascertain the actions that would be required to resolve the matter. It was intended that an appropriate independent forensic accounting team be appointed to investigate the claims. However, at the Board meeting, Costis Papadimitrakopoulos the CEO of the Group brought to the attention of the Board certain matters regarding the falsification of data and the misrepresentation of the Company's financial situation, and offered his resignation, as did Dimitris Gryparis the CFO of the Group. Following the meeting and receipt of legal advice, a committee of the board was set up, comprising the non-executive Directors only (the "Committee"). The Committee has accepted the resignations of Costis Papadimitrakopoulos and Dimitris Gryparis from the Company with immediate effect. Gerasimos (Makis) Bonanos (the COO) has been suspended from his duties with the Company also with immediate effect, pending the outcome of appropriate investigations. All of the executive directors have agreed to make themselves available and fully co-operate with any investigations. The Committee has initiated discussions with appropriate advisers in relation to the next steps and to ascertain the true financial position of the Company. In addition, the Committee has asked the Company's lawyers to notify the matter to the appropriate authorities and the Committee has informed the Company's principal bankers. Further announcements will be made in due course. In the meantime the Company's shares will remain suspended from trading as per the dealing notice on Friday 23 October 2015.
FOR IMMEDIATE RELEASE GLOBO plc ("Globo" or "the Group") Response to Share Price Movements Globo plc (LSE-AIM: GBO / OTCQX: GOBPY), the international provider of Enterprise Mobility Management (EMM), mobile solutions and software as a service (SaaS), issues the following response to recent share price movements. The Group is aware of a report published last night by an organisation called Quintessential Capital Management in the United States. Globo completely refutes all allegations made in this report. In order to protect shareholders' interests Globo has requested suspension of trading of its stock so the Company can provide a more detailed response. Globo PLC Founder and CEO Costis Papadimitrakopoulos states: "Our focus remains unchanged in developing the strength and market positioning of our core enterprise mobility product offering."
Just thought I would share this with you, I'm long in here in case you wondered... Trading suspended... NOTICE 23/10/2015 8:00am TEMPORARY SUSPENSION OF TRADING ON AIM GLOBO PLC At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 23/10/2015 8:00am, pending an announcement ORDINARY SHARES OF 1P EACH, FULLY PAID (B282VW0) (GB00B282VW04) Cheers Woody