The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
OilR were confirmed as in for half the amount needed, another partner or a loan is required to make up the cost of the drill. Patience is the name of the game I think with hardly anyone being able to travel anywhere at the moment.
It is hard to see that it would be other than more of the same. I look to sell when and if I am at or close to break even. I posted many months ago that it is a one horse show and was shouted down by somebody who no longer posts here. I guess he made up his mind before me!
As AussieB says, only you can decide Sparecash, but you might want to take a look at the analysis done by Oilfield International last March on the Cameroon prospects. You can find it here: https://www.towerresources.co.uk/wp-content/uploads/2020/03/Summary-Reserves-Resources-Valuation-Report-Tower-Resources-Cameroon-Assets-Effective-Date-10th-March-2020-Publication-date-12th-March-2020-Final.pdf
It is of course up to everyone to do their own research and I do not offer any opinion or recommendation.
Nobody really listens to you Geo, either here or in GBP. The fact is that they are paid in warrants to conserve cash. A man holding 30% of the fully diluted shares is likely to do his best to avoid diluting his holding.
Maybe there are some other boards you could post on.
@tr0-bpc-
“Seriously trp got 70.2K in the bank only lol”
Somewhat disingenuous don’t you think? That was the figure as at 30.6.2020 per the published half year accounts on the TRP website. Since then $700k has been raised by way of cash and loan. None of us will know what the 31 Dec figure is until the accounts are published.
If you have nothing sensible to offer I suggest you troll elsewhere.
$700k was raised on 28 August, $500k of which was the Shard loan which expires at the end of February so hopefully there will be some news soon.
The Covid resurgence cannot be helping but I do hope another dilution can be avoided,