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There is the obvious GBP connection here with Peter Taylor. The up coming GBP broker note is only in the hands of Panmure clients currently. It is a positive note and will have some read across to TRP
There is a considerable likelihood that GBP will do a Namibian deal and there is potential imo that in turn they will be the second farm in player for Cameroon. Of course there is always the prospect of TRP being part of the Namibian deal
Both companies are currently in play imo
amazed to see sellers at 0.325p with potentially big news not far off
Patience is the key here I think. The last placing was for £500k, what we don’t know if course is how long that lasts in a scenario where things, presumably, are just being kept ticking over rather than there being much activity.
the objective as confirmed in rns was to farmout for free carry so on that basis if delivered won't need a raise
This is aim everything about this market is criminal. wouldn't surprise me to see the price raised to allow a few in the know to escape before an upcoming placing. Love to be wrong though. we deserve some reward for all our patience.
buying picking up, 0.45p yesterday to buy 0.35p today lol
last was at 0.38p which the ceo bought into. look a tad daft if they do one lower than that!
I'll be flipping tables if that happens.
this stinks of a placing................we shall see how bent this is !
desperate for news ja, paying full offer yesterday .45p now donuts are in flogging at 0.35p!
FOMO yesterday, back to normality today. Don't forget news due!
gbp main target area lies in trp license areas also! (couldn't get a quote early on fuse)
I wonder what the read across value for TRP would be if the broker note reckons GBP upside could be 152p per share ?
Will have to wait and see when the note is available to us : )
Mad to think GBP are trading at 1.5p currently.
Nai/DYOR
Yet through this rise the sell price remains constant, so who would sell?
I imagine they are trying to fill buy orders as they will take the lot from me
put a freeze on buying
The broker note relating to GBP has an initial target of 3.4p and a risked nav of 15.2p which is 10% of the full potential undiluted @ 152p. Broker note not seen by the wider market as yet, just their clients ;-)
152p don't be daft - 1.52p would be a start! big few weeks ahead you would think gla
PS Jim’s post on GBP was at 22.00 on Friday in fact, not at the weekend. My error, put it down to age :-)
I think folk may be getting mixed up here. The 152p per share was a figure used by Panmure in a note on GBP which was quoted on that page by Jimarillo over the weekend. Sadly I don’t think we can plan for TRP to be at that price any time soon, much as we would all like it to be!
A bit bitter 'steve196'...why have you popped up now?.....was going to comment on your post, but looking at your 'history'....I can't be arsed :)
Not going to happen £1.52, why because we're be lucky if we get 10%, after all trp got no money in the bank to pay toward drill.
Glow in the dark remember years ago, trp couldn't find oil at a garage.
Traders have lost a fortune here on the last drill, but there average way above £1.52.
I will be selling up at 1.52p and not looking forward to another duster
For those who haven't DYOR on TRP.
This is the valuation of the Thai license in Cameroon alone (including NJOM-3 well).
Valuation date is 10th March 2020 @ $40/bbl Brent price.
Total for Prospective Resources (low) $193M, (mid) $787M, (high) $1,949M.... Conclude your opinion on how that will reflect on the current SP.
Read this report:
https://www.towerresources.co.uk/wp-content/uploads/2020/03/Summary-Reserves-Resources-Valuation-Report-Tower-Resources-Cameroon-Assets-Effective-Date-10th-March-2020-Publication-date-12th-March-2020-Final.pdf
ATB
Interestingly GBP are moving up also.
I wonder if a deal is coming in Namibia ? There is a broker note apparently, not made public yet, out also with an unrisked target of 152p (No joke !) for GBP (currently 1.5p).
Only TRP news recently has been regarding the Namibia asset and GBP related.
Nai/DYOR