I think its just pi selling... technicals suggested a dip was on the cards before the next leg. Nothing wrong with taking profits. Looked like decent support at 2.6 to me and buyers can take advantage at over 10% lower than recent large buys around 3.2.
With Ortoire in the mix the figures are incredible... its rare to have the opportunity of such "monumental" upside fully funded with minimal, if any, downside as its supported by current production and ongoing development.
oh yes... better to be paying no tax 'cos you don't actually produce anything to generate real revenue with distant pipe dream assets and constant dilution as opposed to well managed debt for growth.
TXP is undervalued regardless imo ... proper firm with a proper BOD and also self funded for a potentially game changing exploration programme in Q2.
As for RRE ... completely agree, Insanely undervalued.
I did suggest a few weeks ago I thought they were only selling back to around their original 6% held pre tender to re-balance ... they hit that on the 29th and the SP has broken out nicely since exactly that session... so may be some weight in that theory ?
Touchstone tweet re: Tax reform ...13 Feb 2019 16:27
"CEO Paul Baay “One of the benefits that we have this year is Heritage, now broken out from Petrotrin, is actually going to have to pay that tax as opposed to just accrue it,”
Read about 'Trinidad & Tobago players pushing for tax reforms' in @UpstreamOnline
RE: Hold your nerve - and your shares !13 Feb 2019 15:18
I think buy orders are in there already... but needs sellers to help by donating their shares. As mentioned ealier, it's this 5.85 we need to push through and close above... imuo.