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Been a Chelsea fan for over 50 years OB, seen bad and latterly good. Hospitality seat deffo on the cards when it comes in :-)
Think they'll be a few more shares soon......
Thé 80% cos is not a ramp . It is in the interview
Yes, 3-5p + seems quite possible in the shortish term here once news starts to come in, the sp is moving up and volume is extremely strong due to the anticipation of news so just imagine what kind of sp moves and volume we will see once news starts to land!
Cameroon appraisal and development
! 18 million bbls of Pmean recoverable contingent resources in Njonji structure on Thali block
! 18 million bbls+ of additional Pmean prospective resources in the same structure
! Over 100 million bbls of riskier Pmean prospective resources in the North of the block
! Planning for near-term production of 8,000 b/d, estimated chance of commercial success 80%
! Owned 100%, operated by Tower, in process of farming out
If you haven't read that markettimer it is time you read the full presentation and watched the videos if you haven't already. Get to understand what is being drilled in Cameroon and you will see why a farm in partner is likely to set the sp on fire.
May I humbly suggest that you read the following.
https://www.towerresources.co.uk/wp-content/uploads/2021/07/Tower-presentation-of-assets-in-Africa-July-2021.pdf
I am very confident that JA is definitely delivering a full 7 course meal. The world is fed up with Covid19 and wants to get on with life. Its happening
All good here thanks OB, looking forward to going to football again. You cannot beat a good Merlot :-)
Did you see JA’s presentation the other week? He seemed quite upbeat so fingers crossed, as they have been for ages though!
also imc and gbp for multibaggers
Lol yes still waiting OB! I hope you are well.
agree expecting a ten bagger minimum
Yes, 88e went from 0.50-4.70p within a few weeks, can see a similar thing happening here bearing in mind this is still somewhat under the radar but once news hits and the herd arrive who knows how high that will push the sp in the short term!
@JamesII, don’t forget that after the farm out TRP’s share will be 51% not 100%. Still plenty to go for in the SP though I think because of the other two strings to it’s bow in Namibia and SA, just my opinion though!
I said, 'that may sound far fetched at the moment'. However, realistically the sp rarely goes to true value as there are profit takers v buyers who make up the supply and demand for a share. Also, it will take at least a year until any production but during that time I expect at least the Venus drill in Namibia, if successful, to have a very positive effects on the sp. Likewise S Africa.
Why do you consider market value of £83.7 million far fetched on Cameroon alone where COS is 80% and at current oil prices the value for Cameroon alone is well over £100 million with all the ducks lined up for total development and production.
Links can be helpful Oil_Beast. I think this is the one from January you are referring to
https://www.proactiveinvestors.co.uk/LON:TRP/Tower-Resources-PLC/rns/917707
Mkt cap is still under £10m at £8.3m so a ten bagger from here, an sp of 4.7p, would move it up to £83m. That may sound far fetched for Cameroon at the moment but movement in the S Africa or Namibia prospects could easily see it move up there.
We’ve all seen seen similar shares shoot up to £150m mcap on sentiment alone. The stock market is a crazy and unpredictable beast!
The volume doesn't seem to be abating so hopefully next week the sp can move beyond the year high of 0.65 before the expected confirmation of farm out is made official via RNS that way we could see 2p + very quickly you would imagine!
Think it'll need a breather early next week before fresh meat comes in to push the price higher..... We'll see soon enough!
Basically a double, ...just in the last 1-2 weeks. (And still a very low market cap).
Nice : )
jmo