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This is an oil company. Crypto is outside its area of knowledge and should be avoided, leave that to the gamblers.
IO, out of interest, why do you keep referring to Hill and Clifford Chance, clearly from his published CV that is where he started his career. More relevant is his time at Statoil surely?
One thing is certain and that is if they are going to do this farm out they need to get on with it.
The man Hill is certainly beyond arrogant in his disdain for communicating with the shareholders and in his continual placings to enable him to pay himself. He could take a leaf out of the TRP book where the board is paid in warrants, in effect sharing the risk with the investors.
@iog, maybe they can but I cannot find anything concrete to assure me of that. I continue to hold the shares but with less confidence in the outcome.
I find it worrying too that the deadline has been extended, why?
“Sorry, we have no bids so we will extend the deadline”.
The money I have in here I consider to be a write off unless there’s concrete evidence from the company that the licence has been extended beyond September, so far I have seen no such evidence.
So Jackie and IOG can ramp it as much as they want but it makes no difference, no licence = no value.
You can find the last published forecast 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
Circa 40p seems like a reasonable entry point. Then would have to hold for quite a long time to get a return.
You really are a most stupid child aren’t you? When you get to sixth form and study chemistry it will be explained to you how distilling works. The same theory applies to crude oil, petroleum is but one of many distillates of crude oil. Another is kerosene which is jet aircraft fuel.
Now, please do as most of us wish and toddle off back to Moscow there’s a good chap.