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Tower Resources Share Chat (TRP)



Share Price: 0.80Bid: 0.75Ask: 0.85Change: 0.00 (0.00%)No Movement on Tower Resources
Spread: 0.10Spread as %: 13.33%Open: 0.825High: 0.825Low: 0.775Yesterday’s Close: 0.80


Share Discussion for Tower Resources (TRP)


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rereearthshare
Posts: 828
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Opinion:No Opinion
Price:0.80
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RE: Shares
Today 00:52
How is life treating you in midleast . Am I not right saying about this sp few weeks ago I got some news to share there are not some but few holding rns about farm out and consolidation but note this noting about www 1 or 2 .
 
RE76
Posts: 369
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Opinion:No Opinion
Price:0.80
So much doom
Wed 15:48
and gloom about TRP. It'll be fine people, calm the hell down. We might see the high 0.6's at some point I suspect, but I'm not worried by that. It's a medium term hold here and enough to stay excited about. GLA
bororay
Posts: 266
Premium Chat Member
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Price:0.78
1 Share Trade
Wed 14:27
followed by no trades for last 10 minutes and 6 MM's on the buy and 1 On the ask, little bit odd?
eegbvi
Posts: 228
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Opinion:No Opinion
Price:0.80
View Thread (2)
Shares
Wed 14:14
No I wasn't being in the least bit alarmist,
merely practical as I didn't say it was urgent.
And I do have personal experience of this
since our own 2016 IPO is being put in
place at the moment albeit it may be either
Frankfurt ot London, but only after our first
wells are in production in order to avoid too
much hype. At present the TRP BoD seems
to be lying low which is undoubtedly the best
thing for now. They are clearly letting the
Taipan people do all the running which of
course Taipan needs to do for its own US
and UK(AIM) near listings. Just be a bit
careful of the Taipan hype which recently
suggested that the Marathon Sala 1 well
derisked the Taipan/TRP upcoming well.
As its over 70km away, it did nothing of the
sort, but they need a good sales pitch.
Good luck. Things have to get better here.
guernseylse
Posts: 798
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (3)
RE: Shares
Wed 13:55
"What we like about this block is that it’s very different from everything else that has been drilled so far, because we have something that nobody else has; it’s four-way deep closure, very robust closure, right."

"So it was strategic but we chose very carefully this block for this reason."

And this is a cartoon of the block, because that’s another reason why we like this, it’s because this is the Delta prospect that we’re going to drill and if it makes it, and this is huge, it’s a 1000 km2 structure, we have another three.

"And then if you look at the good…, the elements, nobody there drilled for four way closure, no they drilled this risky stratigraphic trap, but on the other hand, these wells found exactly the source rock we’re looking for and they find them in the oil window and not in the gas window, and that’s what we predicted. And the reservoir is present all over the place all around the block."

"So it seems that in our block, we have all the elements of the puzzle, no what we don’t know, if they fit well all together."

*** Didier Lluch – Director of Exploration Africa – Repsol ***

There's a lot of (cleverly crafted) comments being thrown about, targeting the BOD of Tower Resources.

Anyone attacking Repsol re the above comments?

As Poetical touched upon, the BOD did exactly the right thing when they raised money during the lead up to Namibia. That money and subsequent acquisitions has safe guarded the company and hopefully safe guarded an exit in profit for those holding at a loss.

Take a look at TPET where trading has been suspended or KEA who's future is now in doubt. (both recent dusters)

I'll take my chances with TRP.
Poetical
Posts: 2,304
Premium Chat Member
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Opinion:No Opinion
Price:0.80
View Thread (3)
RE: Shares
Wed 13:36
eegbvi, I think it was a little alarmist tbh. The vast majority of companies on AIM need fundraising 'sooner or later' due to the very nature they are not revenue generators and we invest on the basis that one day they will be!

So yes I'm 100% certain they will too at some point! Just don't see any need for it any time in the next year for example which is a pretty long timeframe for people on AIM
AbsoluteInterest
Posts: 14
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Opinion:No Opinion
Price:0.80
View Thread (2)
RE: On the fence
Wed 13:26
Although I understand your view and it's your choice I will get back into TRP just for the rise that usually happens on the anticipation of a find in Kenya. I won't hold for the result in case it's not good news but definitely money to be made here with a rise to around 3p again imminent as the drill gets underway.
eegbvi
Posts: 228
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Opinion:No Opinion
Price:0.80
View Thread (3)
Shares
Wed 13:26
Poetical, you're correct insofar as BoD will
not need funds right now, buy sooner or
later they will. For example in addition to
cost of wells there will be the cost of seismics
plus 3D for Cameroon (which no-one else
seems to want at present) and that will be
$10mln, plus similar for SA and Zambia,
unless Reef chips in (unlikely I think) or
someone else does. Of course if it all looks
good and later a farm-out is successful then
TRP will be able to reclaim some as back
costs, but with the present BoDs somewhat
poor reputation I wouldn't hang your hat on
it. Of course they can always use the 'glows
in the dark' experts who may be cheaper.
Hope this helps.
Poetical
Posts: 2,304
Premium Chat Member
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Price:0.80
View Thread (2)
RE: Shares
Wed 12:26
Why eegbvi?

What's the money for? We're still quite some way from operations there. They have plenty of cash for the foreseeable future. They knew it was important to get cash in the bank prior to results for Namibia just in case of the result being a duster as it turned out to be.

A hell of a lot better that they raised money at a much higher SP when Namibia was just around the corner to safeguard the future as they did. Would have been very dilutive doing it at this very low SP.
eegbvi
Posts: 228
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (2)
Shares
Wed 12:00
TRP is going to have to do a heavily discounted placement, open-offer or rights
issue, just as soon as the BoD have some
good news from SA. or Kenya probably
as with one well costing about $12-15mln
usually £14mln will go nowhere. Hence the
payment of some creditors in shares. It
doesn't either hit the BoD in their pockets. !!



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