Member Info for AmyStake

Watch it just run and run and run higher as we move into Jan and Q1

People aren't going to just ignore this one given the valuation and drill lined up

Its just too much of a miss match. This could be £10m Mcap and wouldn't look out of place.

Quiet but real big news lined up for early Q1 with financing deal

Well said. £2m Mcap, with cash in bank, rig contract secured and farm out lined up for Q1

Crazy cheap with a huge Q2 drill planned

If someone loaded up this week and switched off until March I’m sure it would be 100-200% higher at least by then

If they confirm money in before 20th Dec then its likely going to rocket back to where it was before... Circa 1.7p

Having spoke with Jeremy Asher recently the licence extensions are easy & a formality. Pointless doing anything until Rig Contract and drill window was secured

Expect licence extension shortly and Farm Out has been worked on for past 6 months. Now we have a rig lined up expect those discussions to be formalised and to be announced in the weeks ahead

Given the shareprice has fallen 95% over the past year or 2 itseasy to come up with bearish thinsg to say... But remember thats not how you make money. Its clear as day this is a no brainer turnaround for 2024

These prices won't be around for long so load up whilst you can

Behind the scenes and also I suspect some of the market makers are short

Price action looks extremely interesting

Not sure how you justify that when JA put £80k of his own money in, plus he's the largest shareholder of the company. He's lost more on paper than everyone.

I get the company has had a bad 2023 due to not being able to get a rig, but they now have a rig contracted and a drill window. This is significant

JA specificaly said that no future funding will be required it will all be asset level. Read the RNS again. I don't expect anymore dilution

I appreciate lots are on big losses here. been a shocking year and unfortjnate delays & problems getting a rig contract signed

But there really is very little reason to bearish at the lows. Its crazy how people get max bearish right at the lows

The rig contract is a significant milestone. JA has been working on Farm Out funding for past 6 months and now has green light to get it all signed of in Q1. Its crazy even someone with half a brain can see this is going to multibag over the coming months as people position for drill

the Market Cap is a joke

Next 48 hours should see money land and a pop back into the 1p range

Market sceptical currently hence flat

"Tower Resources PLC (AIM:TRP) today announces the signing of the rig contract for the NJOM-3 well, offshore Cameroon, marking a hotly anticipated project milestone.

The company and its investors can now look forward to drilling the key well in 2024, as pencilled in previously.

It has signed up the Norve jack-up rig expected to be available in Cameroon between April and August 2024. Subject to rig availability, Tower expects to spud NJOM-3 in either the second or third quarter of 2024.

Significantly, clarity of the drill schedule is expected to help advance farm-out talks into a conclusion – which in turn promises to deliver needed project funding.

Chief executive Jeremy Asher described it as “a significant step forward in the development of Tower’s Cameroon assets”.

“The Norve Rig was chosen both for its high specification and its anticipated window of availability,” Asher said in a statement.

"Our next steps will be to finalise the documentation of the Thali license extension with the Ministry of Mines, Industry and Technological Development (MINMIDT), and to move our farm-out discussions with multiple parties towards a conclusion, we hope during the first quarter of 2024.

“As we have explained in the past, our plan is to fund the well primarily with asset-level financing, and we still believe that is realistic.”

Tower, meanwhile, today raised an additional £600,000 of capital via share subscription supported by Asher, who put in £80,000.

“I have chosen to participate in this fundraising myself, as I have in several of our previous recent fundraisings, reflecting my personal commitment to this project and my confidence in its success," Asher added."

Its pretty common to secure a rig via a contract before it is available. There are obviously variables at play outside of anyones control hence the wide drill rig window. Main thing though is the contract is signed and they are in the queue finally

Jeremy expects spud to be in April unless there are any unexpected delays in Q1 from the current operator

Its a formality. Only reason they let it expire without renewal was because they didn't have a rig contract and a drill window. Now they have that Jeremy has always said next steps is get the extension sorted followed by the Farm Out funding

And £80k was taken by the CEO himself Jeremy. Thats a good sign. Dilution is minimal and will be the last time ofr people to get a cheap entry as 2024 will be full of catalysts and drilling anticpation

It will multibag in Q1 as people position for the drill and Asset level funding is announced in the form of a Farm Out

Yea everything has been delayed and hinged on Rig contract being secured

Now we have that and a drill window indicated, we should see licence renewal and funding announced in the coming weeks/months

Complete value destruction here past year or so. But now we should see things pick up

They all at significant premiums to existing shareprice. We would need to multibag to get them in play

2024 is going to likely see them all in play tho haha

JA backing it with his own cash as well. £80k not to be sniffed at. Any future funding will be asset level from farm out it says

So this only goes up from here

Drilling Cameroon in Q2 and Mcap only £2m

Farm Out deal worth £10m+ in Q1

2024 multibagger from these levels

Yea seems like a complete no brainer taking advantage of the current 0.5p buy price

Not much left under 0.25p