Each well is potentially different Angels and further wells can effect existing ones if the resource level is poor, however it seems the main limiter for TXP right now is they are self limiting for the time being.
They have announce that mid-December they will issue a 5 year plan which should outline timelines, resources, CAPEX and expected results, once we have this there will be a lot more clarity but while TXP are now in a production phase for Cascadura, there future acreage is where the real big plays may be, so in that way they are still also an explorer...
Perfect, looks like the cold weather is starting to set in bring it on :-)
Hi freefaller,
Hopefully this link works....
https://discord.gg/JQYQzNg4
Aye
While I don't mind recommending to other seasoned investors, as I know they will do their own due diligence, I would definitely feel cautious about recommending to friends and family, this is far from a dead cert jeligknight, I would warn others off doing the same, as you never know with a exploration stock like this how it will twist and turn before delivering, just my view to help me sleep better at nigth. I do believe CTL will be a multibagger, it feels like all the pieces are in place now it is just a question of when they will come to pass, GLTA
Value only comes if you survive those 5 years, if you believe CTL can deliver on their plans buy or hold, if you don't believe CTL will deliver then sell and move on, small explorers are always like this and investors have to buckle up and go in with eyes open, GLTA
Well I suppose we should have expected the raise, clearly the ASX listing delays meant the cash was running out and so the company made the hard call, would be nice if when the ASX listing happened the company did a buyback for the $8M but somehow I think that ship has sailed...
Interesting as part of this raise the Directors bought around £300k of shares at the offer price, shows a belief in the business and the opportunity even if the current share price is pretty pitiful vs analyst estimates and value...
Just do;
reasearch {dash tree} dotcom
no spaces...
where the stars are below, just put in...
*********************
see if that works :-)
https://*********************/media/cleantech-lithium-closes-8m-oversubscribed-placing-to-advance-projects-in-chile-22-11-2023
While the raising is a blow, the company need to be liquid and with the CEOL expected in the next month or so, for anyone with cash 22p is a fantastic oppotunity, good luck all...
Next moment of clarity will be mid-December 2023, when they announce the details of their long term plans lets see if they stick to those :-)
Just to put Q3 into perspective some milestones from Simply Wall St on TXP;
Third quarter 2023 results:
- Revenue: US$8.51m (up 30% from 3Q 2022).
- Net income: US$988.0k (up US$1.77m from 3Q 2022).
- Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue.
- Revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom.
Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Forward looking situation;
- Trading at 83.8% below our estimate of its fair value
- Earnings are forecast to grow 100.14% per year
- Analysts in good agreement that stock price will rise by 151.9%
https://simplywall.st/stocks/gb/energy/aim-txp/touchstone-exploration-shares
Well that was a whole heap of nothing day, virtually no volume and no reaction, suppose we will have to see if the Investor Update tomorrow at 16:00 has any more results :-)
Anyone seen the note and what the details are?
So we are halted, so no getting out until the news it seems...
Reality is the company maybe viewing this as an opportunity they cannot pass up, while I understand concerns about ability to buy into anything significant with the current cash and dilution state, we have no option but to wait and see.
88E feels different from the past management team and maybe this deal is the future of the company and thereby it's stock, I say lets give them this chance to show the vision and what it can do for the stock :-)
Results on Tues will show the colour of their money, that will be the deciding point...
Lets hope their Q4 guidance give stron and specific details so the people who need to see the blindingly obvious get the message :-)
Couldn't agree less, the Q3 numbers are needed to move us from Explorer to Producer, the analysts will pick up on this change and are likely to raise their position and price on TXP accordingly. While some things maybe known, their is a big difference between knowing something and seeing it on an audited balance sheet, just my 2c's worth :-)
Clearly no belief in the reality here, the $4M per month is gonna blow out of the water last years earnings and yet it would seem we have to wait until results on Tues 14th November for anyone to believe that Q3 will be good (with only 2-3 weeks of production) and Q4 (with a full Qtr of production) will be awesome :-)
Looks like someone bought some shares...
https://touchstoneexploration.com/