RE: Parity for the week close12 Mar 2024 08:43
Gee, ASX rises to 4.2c.(2.171p) and the roi necks are taking less than 2p - how thick are TLOU holders?
3p could be challenged , setting the mark for ASX , but people prefer taking a £100 profit now rather than a £1000 profit as we get closer to production. That is what TG has been battling against for years - when is everyone going to get behind him? Worrying about dilution here is crazy. We have gone from 600m to 1bn shares through the most difficult circumstances that were beyond imagination! Pandemics, Lockdowns, Slow dewatering, Shutting down when we needed expansion, Economic chaos for personal finances, and TG has kept out heads above the water.
When I was working and earning well above the national average I was earning not a lot more than today's minimum wage. Imagine what life is like on pensions that are half the national wage now! Fortunately I do not have to find rent or mortgage repayments so I can survive by leading a frugal life. Last years MOT revealed I onlt drove 700 miles the previous year - it is probably going to be lower this year, And that is more miles than I do on the motorbike which means leaving Poppy alone at home. Football matches are about 20 miles per match round trip.
I continue to buy into this golden egg with my limited disposable income for your bargain prices. I should be thankful but I;d prefer the Pension Fund to be in profit on their 11p shares so they can justify investment into this sure thing! We'd be in production with that scenario and maybe 10 production wells. Shutdowns may not have been necessary if the project had never dropped below that 5p share price.
We need a Mcap of £100m+ and selling at less than 2p or even 3p will stop us ever getting there.