The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Trades on morning of 11th Nov, which were followed by a few 5 million share transactions:
11-Nov-19 10:45:35 0.363 100 Sell* 0.36 0.4 0.36
11-Nov-19 08:03:35 0.36 800 Sell* 0.36 0.4 2.88
http://www.pennystockdream.com/Market-Maker-Signals
https://falconstocks.com/articles/readingmarketmakers.html
According to the above:
Shares Traded: 100 - I need Shares.
Shares Traded: 800 - Prepare for increase in trading volume
Take with a large pinch of salt...
https://t.co/2eri5w8y6w?amp=1
At 8:44 some guy says Total will be spudding Venus-1 in April.
Don't take it seriously!
http://www.pennystockdream.com/Market-Maker-Signals
To clarify:
Vol 100 - I need Shares.
Vol 800 - Prepare for increase in trading volume
Saw these two trades earlier.
Thought a rouge trader had done them to try and generate a bit of volume, but now not so sure:
Vol (Code) Meaning
11-Nov-19 10:45:35 0.363 100 Sell* 0.36 0.4 0.36 I need Shares.
11-Nov-19 08:03:35 0.36 800 Sell* 0.36 0.4 2.88 Prepare for increase in trading volume
At 8:44 some guy says Total will be spudding Venus-1 in April.
So if other majors want to take a stake in acreage, they don't have too long to get in, assuming Venus-1 is a success.
LSE is showing the 7.3m trade occuring at 8pm last Fri night. As it went through at 3.8, it still looks like a buy.
If anyone can explain how you can trade at that hour, I would be grateful!
According to ADVFN:
https://uk.advfn.com/stock-market/london/tower-resources-TRP/share-price?xref=navmenu_shareprice#tradesTable
ADVFN was showing 4.5 million trades, but they are not all showing up here.
LSE showing only 1.25 million traded before 8am
4.5 million shares traded before 8am.
Who is allowed to trade before the stockmarket actually opens?
Seems to indicate there are two classes of investors - Joe Public and ... who?
I would have thought that giving a major oil company permission to survey your blocks is an action that could affect spare price value and such information should be released via RNS.
If iit was/is happening they are breaking AIM rules and withholding information from shareholders.
Jim,
How can you be sure they have been carrying out a survey and not just passing through en route to zExxon's blocks?
Surely they would have to spend weeks carrying out a survey - there is a lot of acreage to cover!
I now hold TRP, so have a vested interest in this.
Looks like another 5m (£20,000) buy just gone through:
31-Oct-19 09:41:46 0.4099 5,000,000 Buy* 0.35 0.45 20.50k
Is shown in ADVFN trades
https://uk.advfn.com/stock-market/london/tower-resources-TRP/share-price?xref=navmenu_shareprice#tradesTable
Appox £85,000 worth of shares bought yesterday (including late 5,000,000 at around 5pm).
Somebody knows something!
All quiet today though, so far.
Someone has thrown £20,0000 at TRP.
I think it is a buy.
Will be interesting tomorrow.
Too early for Namibia farm in news, and any news about the Cameroon site survey would not be generating this much buying.
Fingers crossed...
Several chunky buys just gone through...
Volumne 10million shares traded - most buys.
New Age engaged Envoi in Sept 2018. The fact they have given a few updates since then strongly suggests that discussions are ongoing, or New Age would surely have dropped them by now.
Still, with $800million in the bank, New Age could do the 3D sciesmic, hire an exploration rig and if successful set up a production rig and keep all the profits (after split with TRP).
And they would probably still have change out of $200 million by the time oil was flowing!
Looking into the operating partner of the TRP's South African assets (New Age), I am wondering why they are looking for a farm in partner to help fund the $7m 3D survey.
The details of the asset that TRP shares with New Age are here:
https://www.towerresources.co.uk/operations/south-africa/
"The Operator has assessed analogue prospect potential on the Algoa-Gamtoos block at 364 million boe on an unrisked basis from 2D reprocessed data, which is an increase on its previous 2018 estimate. Envoi, on behalf of the Operator, New Age and Tower have been contracted to facilitate a farm-out of equity in the licence, and a data room is currently open."
However, according to this press release on the New Age site, they have just sold another of their assets for $800m (yes, almost a billion dollars!), to another company:
http://www.newafricanglobalenergy.com/sale-of-new-age-interest-in-marine-xii-licence-september-2019/
"London, 9 September – New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited has completed the sale of its 25% non-operated interest in the Marine XII Licence to LUKOIL Upstream Congo SAU, a wholly owned subsidiary of PJSC LUKOIL, for $800 million."
Despite this, they are still on the Envoi site as looking for a farm in partner for the Algoa-Gamtoos licence:
http://envoi.co.uk/projects/active-projects/africa/south-africa/
Am I missing something here?