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Why You Must Dare to Fail


Thousands and thousands of people who are now enjoying success have attested to having failed many times before they could test the fruits of success. Their reaction to failure has always been the same. They saw failure in a different way, reacted to it with amazing positivity, and regarded failure as a snowball of lessons. It is probably one of the most important factors that have made them what they are today.


If you are afraid of taking risk, you are actually avoiding the fundamental requisite element that guides you towards your success. The fear of failure denies you the opportunity to unleash you potential. Research indicates that the average human being using less than 10% of their potential.


Every single person has so much potential to be able to use in a 100-life times. Fear is one of the biggest factors that diminishes human ability and stands between you and a life of your dreams. Multi-millionaire, entrepreneur, and author Richard Brandson flew thousands of kilometres in a hot air balloon and was rescued by a helicopter after falling into sea. His company Virgin is now flying to space.


I am not suggesting you take extreme ridiculous risks but this a clarion call for you to dare to fail. Somehow men and women who have dared to fail have achieved great things. Failure is a weapon of success, it must be used to achieve, and it should not be a destructive force.  


 Great men and women have seen failure as a definite pathway to success and believed that failure is a starting point to any form of success. While ordinary folks give up, successful people regard failure as a feedback mechanism and use the opportunity to re-strategize and face the future cognizant of what would not work.


The man who discovered the light bulb Thomas Edison when once asked how many times he failed responded by saying “I did not fail a thousand times I just found out one-thousand ways it would not work.” Great men and women have their brains wired to view failure in a different way. Failure tends to toughen their resolve to get what they want.


Their view and perception of the world is so entirely different and traceable in their language that they use. There are very stubborn and stick on their goals and dreams until they achieve them. The ordinary folk stops at the very first hurdle but when great men and women are faced with challenges they remain stuck to the ultimate goals.


They remain so focused on their goals so much that little else on the road side matter. Their eyes are always on the ball. The one thing that they have mastered is the power of persistence. They never give up because nobody has really achieved anything by giving up.


Successful people know that when you fail, you fail at something not everything. Defeat can only be temporary and the measure of a true man or woman is their ability to rise from what looked like impossible positions.


Author of the Classic book Think And Grow Rich Napoleon Hill states that “opportunities have a sly habit of coming misguided as failure or temporary defeat” In what you have deemed failure in the past what were the opportunities, what lessons did you learn and how would you do things differently if you were to undergo the same process?


These are three question that successful people ask themselves when they are facing set-backs. I just want you know that you can react differently to failure. If you don’t see failure differently you will use a few instances to make a judgement call on your abilities, skills and personality.


The end result will be a loss of confidence, low self-esteem and you will be doubtful of your purpose. And I am sure you have met somebody so much dejected by failure that they begin to question their existence on earth. But if they had just reacted differently to failure and regarded it as necessary feedback they would be probably be reacting differently about their purpose.


 Your subconscious through various life experiences will be wired to react to failure in a particular way. You would know of people who react to failure by crying, some become withdrawn, some aggressive and they do this because that is the only way they know of reacting to failure.  All these reactions have been stencilled to the subconscious mind because of our attitude towards failure.


If there is someone who has never failed, it is because they have never tried anything. They go through life cautious and afraid of taking the risks and end up failing anyway. And because they have never experienced failure, it becomes a new devastating phenomenon. Most of people who are failure averse never recover from major set-backs.
Start reacting to fear differently, fear provides lessons and it is a tool to be used to achieve and throw out that fear and start living today.    

Money Mind
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Matsheka seeks raise bond program ceiling to P30 billion

14th September 2020
Dr Matsheka

This week Minister of Finance & Economic Development, Dr Thapelo Matsheka approached parliament seeking lawmakers approval of Government’s intention to increase bond program ceiling from the current P15 Billion to P30 billion.

“I stand to request this honorable house to authorize increase in bond issuance program from the current P15 billion to P30 billion,” Dr Matsheka said. He explained that due to the halt in economic growth occasioned by COVID-19 pandemic government had to revisit options for funding the national budget, particularly for the second half of the National Development Plan (NDP) 11.

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Lucara sits clutching onto its gigantic stones with bear claws in a dark pit

14th September 2020
Lesedi La Rona

Botswana Stock Exchange (BSE) has this week revealed a gloomy picture of diamond mining newcomer, Lucara, with its stock devaluated and its entire business affected by the COVID-19 pandemic.

A BSE survey for a period between 1st January to 31st August 2020 — recording the second half of the year, the third quarter of the year and five months of coronavirus in Botswana — shows that the Domestic Company Index (DCI) depreciated by 5.9 percent.

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Botswana Diamonds issues 50 000 000 shares to raise capital

14th September 2020
Diamonds

Botswana Diamond PLC, a diamond exploration company trading on both London Stock Exchange Alternative Investment Market (AIM) and Botswana Stock Exchange (BSE) on Monday unlocked value from its shares to raise capital for its ongoing exploration works in Botswana and South Africa.

A statement from the company this week reveals that the placing was with existing and new investors to raise £300,000 via the issue of 50,000,000 new ordinary shares at a placing price of 0.6p per Placing Share.

Each Placing Share, according to Botswana Diamond Executives has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from, 7th September 2020, being the date of the Placing Warrants issue.

In a statement Chairman of Botswana Diamonds, John Teeling explained that the funds raised will be used to fund ongoing exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the Company.

The company is currently drilling kimberlite M8 on the Marsfontein licence in South Africa and has generated further kimberlite targets which will be drilled on the adjacent Thorny River concession.

In Botswana, the funds will be focused on commercializing the KX36 project following the recent acquisition of Sekaka Diamonds from Petra Diamonds. This will include finalizing a work programme to upgrade the grades and diamond value of the kimberlite pipe as well as investigating innovative mining options.

Drilling is planned for the adjacent Sunland Minerals property and following further assessment of the comprehensive Sekaka database more drilling targets are likely. “This is a very active and exciting time for Botswana Diamonds. We are drilling the very promising M8 kimberlite at Marsfontein and further drilling is likely on targets identified on the adjacent Thorny River ground,” he said.

The company Board Chair further noted, “We have a number of active projects. The recently acquired KX36 diamond resource in the Kalahari offers great potential. While awaiting final approvals from the Botswana authorities some of the funds raised will be used to detail the works we will do to refine grade, size distribution and value per carat.”

In addition BOD said the Placing Shares will rank pari passu with the Company’s existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 23 September 2020.

Last month Botswana Diamond announced that it has entered into agreement with global miner Petra Diamonds to acquire the latter’s exploration assets in Botswana. Key to these assets, housed under Sekaka Diamonds, 100 % subsidiary of Petra is the KX36 Diamond discovery, a high grade ore Kimberlite pipe located in the CKGR, considered Botswana’s next diamond glory after the magnificent Orapa and prolific Jwaneng Mines.

The acquisition entailed two adjacent Prospecting Licences and a diamond processing plant. Sekaka has been Petra’s exploration vehicle in Botswana for year and holds three Prospecting Licenses in the Central Kalahari Game Reserve (Kalahari) PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe.

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