Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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@saint
I think TRP would more than 10 x Bag.
I got this on 50 x Bagger list with £400m MCap once both Cameroon and South Africa come in.
£8m MCap is plain ridiculous when TRP can attract $15m farm in partner.
Brent crude at $86 and expected to go well over $100 / bbl.
BTW £400m would be the low end MCap imo.
Potential future MCap could be lot lot more.
ZPHR did more than 10 x bag in 12 months.
I saw ZPHR at 1.55p but did not jump in.
ZPHR - 52 week price range:
0.55 - 7.89p
TRP very much primed to follow same trend and more.
Just had another look at
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
Seems I was completely wrong about the 80% figure.
The ones I found previously were as I described the commercial variety BUT there is one for Phase 1 on page 12 which is the probability of development, which unless I am going gaga is a before drill result value.
I have never seen it before as a single stand alone figure, it is normally calculated from the given GCoS * CCoS in a table.
So apologies if I have misled anyone.
On the one hand it makes me very happy to be wrong but on the other I don’t see how it fits in with the Key Risks on P27 - questions raised about the range and quality of data previously collected.
A simple explanation could be that where they are targeting with the first drill seems well understood, the questions lie elsewhere.
Off she goes again
Looking good to blow the lid off
0.50 should be here soon.
FOMO will kick in even more when this hits 0.50
So glad I ignored smithy and continued to invest here at 0.33.
This could easily hit 1p by end of this calendar year!
@saint
"The commercial chance of development at 80% which would have been about right at $40 oil, but net cash returns are clearly increased dramatically If selling barrels into the market at $85+ "
Agree with above. No brainer.....
That's the same Smithy that held 26m of these, now holds far less and is now as bullish as ****. Buy! Strong buy! News soon with limited downside even at this price. Things change
Glad you can't see this roro
Confirmation RNS then this goes 0.7 - 1p that's from the ultimate pessimist!
Super bullish on this as confidence and volume increases and due date within the next few weeks.
0.68 retest would come soon as more and more come in as we get even closer to deal approval.
Agree. Beluga came in with $15m Farm Out deal when oil price was much lower. Oil heading towards $100 and above. Farm Out deal is even more compelling now for both company shareholders.
There's goes the lid
At this level we'll see how confident the whales are.
0.4430 now
Strong chance we might sniff 0.48 - 0.50 within a day or two.
Yes. Upside from Cameroon alone is huge without even factoring in SA and Namibia.
Massive Upside all for just £9m MCap???
Crazy....even 1p would look very cheap in coming weeks / months.
0.45
L2 looking good 1v5 (blue) and currently trading above VWAP for a change ;)
For the 'newbies' all you need to know (see links).
Cameroon.
"The Njonji-3 well is drill-ready. All long-lead items have been purchased, the site survey is completed and rig contract under negotiation".
http://envoi.co.uk/projects/active-projects/africa/cameroon/
South Africa.
NewAge - Tower partnership.
http://envoi.co.uk/projects/active-projects/africa/south-africa/
ATB
Brig, good to see you here, I hope you are well.
Heading towards 1p plus near term just for starters
slow and steady i like it.
Wanted to add another 500k but cannot even get quote for 100k on Barclays ???
Not even £500 worth???...will try again later.
48 now
0.48 for £3000 worth