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Bought some of these today.
Drop Overdone.
Also added CLON ahead of their Bolivian Lithium JV partner news.
Both unbelievable at £2.7m MCap ???
Which makes perfect entry in my opinion.
Any Namibia oiler would go up(or down) on drill results but they are some way off.
It might go up a little when Total announce they are mobilising? Otherwise there’s nothing to look forward to except another raise in Q4. £1mm less fees won’t last long.
That big rise was on basis on big CPR upgrade to pump this. Now they have nowt to pump it other than pay BOD wages
What miserable fkn bod and company!
I remember the "glowing in the dark" comment, KingHomerJ,.....TRP never reached target depth, on the Welwitschia-1A exploration well ( https://www.towerresources.co.uk/2014/06/welwitschia-1a-drilling-update-jun-14/ ),....that's why I'm a GBP shareholder & will remain one for the foreseeable future, (indefinitely).
Extract:
"The estimated cost of continuing the current well to test the deeper targets, including the Albian, now appears to be as much as a further $40 million gross. Despite our interest in the deeper targets, with their large potential resources, this raises the question whether it may be better to wait for the full analysis of the current well before deciding whether and where to drill a second well and test the deeper targets with the benefit of that further information. As a result, the Partners have agreed not to drill further at this time and to evaluate the information and its implications for the Block. The well is being plugged and abandoned."
BW
You mean the one at 0.75p last September, which was followed by the SP hitting almost 2p only three months later. Proves my point perfectly.
"GBP has just had a placing and at is a the start of another price cycle, so now is a good time to buy."
Phoebus, is that what you thought after the previous fund raise at a higher sp , not too long ago either.?
'rise will be demolished' So it will rise then. I can't take you seriously.
Utter nonsense Billion plus of shares in issue.
Everyone knows another placing is coming.
Stupid warrants and rise will be demolished.
Absolutely con this - LIFESTYLE CO.
Sorry, but I disagree. If you think a share cannot rally because a company needs more funding down the line then you clearly don't understand how the stock market works. The very cycling of a share prices up and down is what allows funding to take place and companies most in need of funding are often those that see the biggest surges ahead of said funding. GBP has just had a placing and at is a the start of another price cycle, so now is a good time to buy.
Moreover, to say that the market ignores positive news here is nonsense. The market anticipated the resource upgrade in January and people started bidding the shares higher in December. Anyone that bought ahead of the good news was well rewarded with a huge SP increase in just one month as the market priced it in ahead of time. This will happen again from these levels and increasing interest in Namibia generally as Venus-1 approaches will certainly help lift the SP. I expect the BOD will help it on its way with a bit of news flow at just the right moment.
Sorry, but I disagree. If you think a share cannot rally because a company needs more funding down the line then you clearly don't understand how the stock market works. The very cycling of a share prices up and down is what allows funding to take place and companies most in need of funding are often those that see the biggest surges ahead of said funding. GBP has just had a placing and at is a the start of another price cycle, so now is a good time to buy.
Moreover, to say that the market ignores positive news here is nonsense. The market anticipated the resource upgrade in January and people started bidding the shares higher in December. Anyone that bought ahead of the good news was well rewarded with a huge SP increase in just one month as the market priced it in ahead of time. This will happen again from these levels and increasing interest in Namibia generally as Venus-1 approaches will certainly help lift the SP. I expect the BOD will help it on its way with a bit of news flow at just the right moment.
Pheobus that fact they need another 9 million isn’t irrelevant at all.
Especially when you know the history with these fools and there persists BS and placing. Same as tower.
You a dreamer if you think this is going anywhere - any positive news IF any the market ignores as they know the directors are crooks after the tower GLOWING IN THE DARK RNS that lost people Millions
I seem to think that Ukraine line was mine. I also called this a sell when the CPR came out a few weeks back near 2p as it was clearly a sell the news event and an imminent placing looked obvious. The shares are now 75% lower, so we need to reconsider the situation. The market cap is tiny, the licence has significant prospectivity and the share is very illiquid. From these levels it will not take much to cause a significant increase in SP as the GBP cycles between fundings. Renewed interest in Nambia should be more than enough. There will be a time to sell once again, but IMO this is not it. At these levels this is a strong buy. GLA
The Total well, if it’s ever drilled, is located 1000 miles away. It’s like a north sea company ramping a well in Ukraine as a game changer. Desperate.
Irrelevant. This is surely the last placing before Total drill Venus-1 in Namibia in Q3. I expect GBP to rocket as that approaches just like it has done before other third party Namibia drilling. I also expect GBP to give some bullish spin on Namibia developments to help spice the rally. Excellent chance of 1.5p+ within the next 3-6 months IMO. GLA
Madness they need another 9mil for 3D
It this what was said last time they raised, and the time before that, and before that. At some point, you've got to stop fleecing investors.
So MCAP around £1.8 mill and £1 mill just raised, risk reward looks good for those just arriving IMO, as mentioned, those who've thrown the money at this have been shown a carrot.