RE: RE: MM's are loving this ;)25 Jun 2020 21:16
MM's desperately want your shares....
At one point SP 26% down and spread @ 25%.
Albeit there seems to be 1,243m shares in issue, however there is not alot of 'free float' shares in circulation.
Don't be surprised if the SP drops further prior to Tuesdays RNS.
Major holders Breakdown:
32.36% of shares held by all insiders.
13.61% of shares held by institutions.
20.12% of float held by institutions...... they want a return on their investments.
Therefore only circa 35% in 'Free Float'.
IMO MM's are accumulating as much as the can prior to 30th June.
Whether it's positive or another delay (due to the COVID Pandemic) is neither here nor there, the POO is increasing and the opportunities for TRP remain the same...even further enhanced.
All in my opinion of course.
But remember this...
The Cameroon and Namibia prospects remain the same.
NJOM-3 is probably the easiest well in the world to drill, Rig survey done, Drilling equipment in country ready to go and POO above $40 (in the pay zone!). DYOR
ATB