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When is the big rise coming? I.wanr a multibagger on here. Its way too low. How has GBP gone so high and we are around this sp.
We are still higher than them, its never about sp, its always about achievable Market Cap value, they were further in the priced to fail basement than we are, hence , more recovery, be interesting to see what happens tomorrow, if/when GBP reach parity with TRP MC, both rising on Namibia assets potential wake up call. 🤔
Both Namibian OIIP figures in at the price of a kids sherbet saucer currently per barrel, with Oil threatening $90-$100+ a barrel again soon, according to the experts. 🤔
Patience
Added, I’m just under 3 %
Loads in sticky fingers now for the imminent push north gla
Yes thats what i meant that how has our mcap not gone up. We're still languishing below 0,025
Its becoese they have 1 asset in namibia with 3d...
And the other asset in italy is in early stage so they dont need a lot of money for progress.
I think we have much better assets in namibia and south africa but our main issue is cameroon.
we dont have enouge money for the drill... its too big project for us ... if we are not getteing any farmin with carry for the drill im believe that in the moment we leave this asset we will behave bettter in the price action.
A lot of investors around the world are looking to invest in junior exploration stocks in the atlantic margin...
And there are few... hope this company will understand the chance that the cheveron farmin to pel 82 can impact on us if we choose good the next actions.
we still have a higher mc than they do , its never about an individual companies sp , it is always about their value as mr market sees it, at the mo, it gives us zip and sfa value for all 3 assets, so a little out of kilter to any value.
many a market , upcoming drill company has reached £250-£500m mc's in anticipation of a strike, well cameroon is appraisal to production , not a wildcat, so should be credited with some value, £50m not exactly a stretch, compared to others in the past and recent market history.
cameroon , not a show stopper like some others boil tl drill expected december 595mboe - over 1 billion, sits £17m at the mo, market currently has a downer on junior exploration companies both oilers and miners, come and go in cycles and will change again , pre our drill , in the meantime, it needs ja to get of his lard **** and deliver , news not repeated
in talks and finance soon ad infinitum. 🙄🤦♂️
then watch it fly from the submerged basement, back to a company seen by the market, as having a bright future again, not just keeping a dim light on. glalth
Crazych38, I agree. Have you tried emailing/talking to the company about this?
We will have enough money for Cameroon if we get properly carried - like you say. Any substantial raise for funds for Cameroon would be wasteful though. I am still hoping JA knows this but many posters tell us don't have faith there.
PCL on the ASX
they have farmed out their portion to woodside petroleum and retain around 20% and have a MC209M
but they are in the orange basin discoveries have already been made there
https://hotcopper.com.au/asx/pcl/
Hi i dont have his email and my english is not so well but i have a lot of expirence on investing in junior exploration stocks...
Im sure there is a lot of potantial here but we have de risk the deluation... and its happend from my understanding mainly becouse the cameroon project...
If we remain just with the namibian + south african assets we have enouge % to Sell until the other playres in the basin will de risk it for us... after that if someone will find discovery in the basin our % in our block can worth mulitple from our current value without to drill nothing...
Look at the market cup of pcl.asx they didnt drill nothing and they have value that is *33 from us!!!
And they have just 1 block (i dont conisder there assets in ustralia nobody care from them)...
So again we are in a race and i hope we will not lost becouse diluation for cameroon.
Maybe
Jeremy isn't stupid or without integrity - at least that is what I am hoping.
If Tower RNS a great Cameroon deal then it is the icing on the cake.
After recent news, we (and I guess JA) know now that the Namibian block is the most interesting asset.
The pump and dump is almost complete.