The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thali is appraisal and development
Which is a sellers market
Again….
More and more interested parties have reached out
All will come clear in the near future
Signing of on his last interview , Jeremy stated this year would be transformational for the company
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CharlieHarper. If you don't like risk then you have two choices LEAVE or REMAIN.
And good luck.
For those who can’t average down best think is SELL and buy on the next drop if you still believe in this CROOK then you will have a chance to get your money out maybe ,more confetti / no deal on the finance that would be a mega discount specially if drilling will be a delay for the next years to come , and for those who are not invested buy on news is hell more safer.
Lesson to learn
JA may have a couple of options but one would have been put in place a long time ago if it was Palatable.
If the Cameroon well goes ahead watch the Market Response and SP Manipulation towards the news and the way the deals structured before you jump in with the wellies oan!
best of luck
We have been averaging down since 0.15 p thinking its a bargain only to discover the bargain is getting bigger due to JA confetti. The talks with 6 parties taking forever is not a good sign. The drilling preparation is a complex affair requiring funds and takes a few weeks before the rig arrives. Effectively, the money has to be in place next month to contract and pay staff to prepare the drilling site and for rig arrival. Kever suggesting that we have luxury of time is deliberately misleading. Time is of the essence. No money by next month, no DRill this year and heaps of confetti to keep the lights on till next year.
JA needs to sort the funding urgently. End of
SANTI
"Can’t he do a mega placing and drill it without farmout"
it's called Consolidation but there will be plenty of dilution to the share base if Cameroon ever gets off the ground either way.
best of luck
TIMNICKS
Asher and the 2 Pete's before him have a 100% strike rate can you guess what that is?
Who's Naive now?
best of luck
MadMorrisDancer
can you answer the questions that your mate Kever keeps dodging? Or are you busy with May pole season?
best of luck
Surely needs another 5 000 000 000 shares just to keep the lights
Pauly80, in small companies such as this good things take time. Even if it all does come together, which it might not, then they may not find oil, this is not guaranteed; the odds are actually very much against you. Even the North Sea is only around a chance of 1 in 3. I went into this with my eyes wide open, therefore, I regret to inform you that you are indeed NAIVE, not me.
When I invested her the mother f... JA didn't mention he will issue another 12 billion shares. He literally lied and lied over and over again. He is a b.s.
NICKTIMS - for many it’s too late to take money out. It’s quite a naive statement to make and I have heard quite a few posters say the same thing.
Yes it’s applicable if you have just invested but when you are sitting on major losses selling shares are worthless
There is nothing wrong in holding the CEO or BOD to account. So far he has achieved nothing of significance and it’s all been ‘ongoing talks and discussions’ for years. It must come together by June and if not then he has been a complete failure.
Goldeninvestor. You must understand that a share like this is highly speculative and risky. If you cannot accept the risk, then, don't invest. Put your money in a bank or building society.
This c...t just need to f... off. He hasn't done anything good to anyone neither private investors or shareholders.
Can’t he do a mega placing and drill it without farmout
I don’t think JA wants to share ,to do a farm out, he’s better like this invest a few peanuts in the share and sucking the shareholders until the rest of his life
What's your position here, are you invested? You seem to have major problems like lots on these boards you have a problem with people making their own decisions.
GLA & ATB
Kever
let us know how you see the farm out deal being put forward:
How will the SP be effected by the different Cameroon well outcomes?
How much cash will TRP have to come up with?
What % of the block will they be left with under certain cash amount scenarios?
Is there a chance they maybe squeezed out altogether and denied access to funding completely losing the block?
Does TRP really have the nous/desire to move the company on into production and its costs after success in Cameroon?
What does failure in Cameroon mean to pi's and the company going forward?
take your time poodin pop
best of luck
Pi cash burn means nothing here. Keep the sheep coming says JA...
Tower Resources raises £5.2m in share placing to finance Cameroon acquisition
Wed, 15th Jul 2015 10:31
http://www.lse.co.uk/news/tower-resources-raises-52m-in-share-placing-to-finance-cameroon-acquisition-ae4sywdvb3vlk23.html
How much have they raised since 2020...
Tower Resources' $43 Million quest for oil and gas in Cameroon
http://businesschief.eu/leadership-and-strategy/tower-resources-dollar43-million-quest-oil-and-gas-cameroon
Let us all know how much more cash needs to be raised Kever!
best of luck
There may be 6 individual parties but all those parties will HAVE to be awarded a stake in asset finance on a common valuation. e.g. one party bringing 2 million $ seeking 5% stake in the asset and another seeking 10% for the same money. This is what cant happen.
We know that around 40% is available for the entire $15 million. So 2.66 % stake per $1 million. The formula has to be identical for all. It will end up being a consortium as JA has indicated that easier to find people with part of the money than one lump sum from a single party.
"JA may be talking to a consortium of 6 parties "
Incorrect. There are at least 6 individual interested parties involved. It is not a "consortium"
Spondulicks you say "don't trust anyone on these boards". Yeah definitely not you. You're completely negative but you're opinion is " strong buy"
Strong Bye Bye....in the green bin.
ATB & GLA DYOR
Never get emotionally attached with a stock.
It will become very addictive and costly.
Ìf you stay emotionally attached not only will you waste your valuable time but will miss out on other opportunities on the market.
I've seen the same posters on this bb daily for months now and certainly over the last year the price has fallen 60%.
What have they achieved, nothing.
Pick out the winners,look at the CEOs,importantly read a few years worth of RNSs,the clues are there!try to avoid the lifestyle cos with fat old CEOs.
Also don't trust anyone on these. forums
As for TRP,History repeating itself,
Read RNSs since 2019 about the finance,its always just about to complete
Also without finance then Nò rìg/ drill.
Trp are in a pickle,options exceedingly poor.
Mr Asher has to this point failed and has cost shareholders a fortune.
The only way this co can survive is with placings,having Zero revenue.
IMO there will be another raise and a consolidation and or share consolidation.
Look at the options exercisable at 0.018,a billion òr so.
Agree Asher has skin in this but look what he's taken out òf the company all these years
Asher owns Pegasus Petroleum Company unilaterally , also take a look how much has been paid to the company from Trp,it will surprise you.
Mr Asher has done very well out of AIM,none of his shareholders have.!!!
At Microsoft it takes a year to complete a deal...if you're lucky!
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