Firering Strategic Minerals: From explorer to producer. Watch the video here.
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This is now a strong buy.
Load up quickly at this level and hold all the way up to previous high. A bagger at least with a chance to derisk at previous high then let it roll for drill results and future drills. If this really is a transformational period coming up then a 10 bagger isn't out of the question and is definitely worth a punt.
Risk now, at this level, is back to 0.2 on farmout failure.... Definitely worth a punt!
STRONG BUY..
This could be a 50+ bagger IMHO if a few things come right.
Mind explaining that 50+ bagger remark with some context of figures and how it'll get there
Okay. It was a big claim and a few things would have to come right!
Cameroon - on the Njonji alone there could be 20 million barrels resources net to Tower. That's several hundred million dollars if the oil price stays high. There is also another 100 million barrels prospective on the block and even larger deeper plays.
South Africa - we might expect a 5% oil production Royalty if a producer farmed-in. 5% of over a billion barrels would be 50+ million barrels.
Namibia could be similar?
Perhaps I was wrong - a hundred bagger! - lol.
If this drill is successful then a 5 to 10 fold increase is on the cards, based on my calculations...... written on a pack of Silk Cut. Good luck to holders. I've added a few more this am and will continue to do so. 24m
Just have to remember they did a decent size placing at 0.42p we are well below that price. Seems the sell off has slowed down. So a bounce back should be coming soon
when is the next piece of news coming? I am down like 20% :(
I would guess the Beluga shareholder approval will be the next news, Gut feel is this week or next.
Then this
"We cannot be sure how long the MINMIDT approval may take as it can be as long as 60 days, but we hope it will come much sooner, allowing us to complete the farmout sooner. But in the meantime we are moving forward with contract discussions regarding the rig and services, subject to the MINMIDT approval and conclusion of the farmout in due course." not sure if the 60 days is working days. Date of submission was 21st September.
tariq 20% on aim is nothing to worry about as I've had a few oilers which have been down 50% that have gone on to be baggers so don't panic just yet. Only have a punt with money you can afford to lose.....and good luck. I'd rather be lucky than good at the aim casino.
Im maxed out here as my last tops were 0.377p and 0.395p which i was pleased with. Gutted i can't add at these ridiculous prices.
Interim results this week.
One of the most undervalued stocks around.
Once we spud that well an opportunity at £6.5M MCap will feel like a distant dream.
Now 0.325p to buy
Tempted on final top up
Just had another little dabble myself. Dice have been rolled it's over to TRP now. Leave it to you guys to pump her up from here.
Good luck!
Placing in Aug was at 0.425
And we sitting at 0.325 ???
WTF....market is totally irrational here.
Agreed misterpositive not seen anything like this for a while. . But the bounce back will come.
Was in an oiler a few years back which dropped on run up to spudamd during drill. was 50% down at one point,had Massive volume, hyped up, pumped up, ramped up, literally a thousand posts a day on here and it still wouldn't rise. News on drill results sent it sent 350% in a day. Morale of the story?? Aim is a complete nutter. If the news is positive can see this going a similar way very quickly. We'll know soon;)
Can see 0.7-0.9s here within the next 4 weeks.
With the price of the barrel (WTI) at $75 Beluga will be keen as mustard to get this done on 80% COS.
It's coming so I have patience
Shouldn't drift much lower than this. I did sell immediately after update but bought back in today.
We are due a blue day. Especially now most of the September sellers have departed. Bit of volune and we're off IMO.
£6.5M tut
News this week or early next.
Personally I can’t see any updates for 4-6 weeks as the first is confirmation of the application which only went in 2 weeks ago. This really is but now at this discounted price and have some patience
You tell em Pepsi. There's only room for one deramping lunatic on this board, you go find your own one cjd! :)
On the plus side.....
Black stuff set to blow and The Dudley Boyz are calling trp a hall of famer.....pumpy pumpy
Flat day after recent action and back stuff blowing the lid off this week
Looks like your TA's failed you already Smithy stocks up 4.3% and testing that unimportant 50dsma.