The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Here is a link to the TRP website page in SA Brig, they own 50% with New Age.
https://www.towerresources.co.uk/operations/south-africa/
I need to get a bigger phone or look at the charts on my pc :-))
I don’t think I’d be arguing with those blokes Brig!!
If SA could bring in that sort of sale proceeds it would take certainly take TRP up a good few levels and, as you say, be able to cover most if not all of its own costs in Namibia.
We could be holding a very substantial asset in our ISAs/SIPPS :-)
It is really interesting to have your detailed knowledge of the processes and costs in exploring and drilling, like many others I imagine, I have learned a lot from your posts today (once the system allowed it!) and previously. If you work in downstream you don’t get to acquire that kind of knowledge!
ATB
I agree that it is likely to be big, I am at an average of £0.0043 so not keen to sell at a loss. Not sure what else I would do with the cash right now so will be hoping JA can deliver a sizeable Christmas present!
I can understand that you might want to do other things Brig. Keep a few and stay in touch though :-)
A fair rant I think Brig. One can only assume that nothing is said because no progress has been made. Being a late riser since I retired I keep hoping to wake up to big blue numbers on here, but so far am disappointed!
Exactly, that surely is what a rumour is!
It would be nice if a big offer came but I for one do not hold out much hope in that. I am more looking forward to the company being able to announce the finance for and start of drilling in Cameroon. Hopefully JA is close!