Member Info for Christo4

Want to know why the SP keeps falling... Rothschilds want this cheap to take private. That's why BoD haven't started buybacks with al that cash in bank. They got the call from Nat and they're doing as told

You and others, including me… I repeat. This is a lifestyle stock and Harry’s living a good life at your expense. Get out now before it gets worse

Where the f is it 25 degrees? and why am i not there?

I'm not convinced the appointment of a new wind down manger warrants a 6% pump, maybe it's just confirmation that they are actually selling off assets? I still think anyone buying here bags in a year so risk/reward well worth buying/holding

Mostly what we were hoping for. Cas 2/3 proven to have excellent pressure, increased reserves, and Oil and a bonus lower down. Production by end of month then on to Cas B for more wells.

PB isn’t the right man to take TXP forwards. He needs to be replaced with a real Oil man

For 10% yield (or close to) try SOHO (REIT) for good yielding property stock with inflation linked and Gov subsidised rental income. For growth check out TXP, they’re about to double production on their last gas find. Should bag over the next 6 months or so. ATB DYOR

Doubtful. We probably won’t hear anything until either the agree a sale or need to raise money

Anyone?

I was watching 2 gentlemen argue back and forth on another chat board about proven reserves that EUA have. They were mentioning JORC reports and DFS. One was arguing that the reports issued by EUA are JORC compliant but not JORC, and therefore mean nothing. What’s a DFS and what would that mean to EUA? I’m of the belief EUA are sitting on assets of significant value? Can anyone explain to a mining noob? Please :)

I’ve only 50k shares but I will be voting against! Low ball bid by management smells fishy

Oh dear Devil-little-boy… you must be down big time to react so bitterly! I’m no trader and I’ve taken a small loss here on my reduced position. Tell me where I’m claiming to be some “brilliant” trader?! I’m an investor and some of my stocks do well, some don’t. I make a decision based on multiple factors and trust in management to deliver value to shareholders is one. I just don’t feel PB and Co are the right people to trust with my money. I’ll say nothing spiteful back to you but will wish you and your family and merry Christmas and, like you, will hope TXP comes good in the new year. I still have 25% of my holding so I don’t want this to go lower

35-38p might be a consolidation level. We’ve seen the price drift down from 92 to 45, not sure what else they can say to scare off remaining holders

I’ve held off commenting until now as have been utterly disappointed by todays RNS. For them to release in such a blunt way that Royston isn’t worth testing further only confirms that PB is a horrid liar and should not be trusted. He said before that they’d hold off on drilling to pay back the revolving credit facility (it’s why we’ve been twiddling our thumbs for 2 months) and now he’s extending it to death spiral territory (I’m not saying it’s death spiral yet but watch what happens if their next few drills are dusters). And, most importantly they are no longer targeting 200 but now 60, with Casca deep only producing 11… wtaf is PB doing?! Trust gone and today I sold off 75% of my shares. Better opportunities elsewhere imo but I’ll keep an eye to see if the BoD do the right thing and change management around (Sack PB)

Hi Photo. I don’t see a TO until we have higher confirmed reserves. We’re too small for any major to be interested but if Cas C firms up 1TCF of gas then maybe a mid tier might take a look. Although, min offer based on reserves alone would be multiples higher than current market cap. Hard to wrap ones head around curent company valuation by the market, with almost a billion in reserves value alone. I guess it’s the impatience of realising that value.

Canada taking us higher it seems.

Buyers are back. Relief rally is on. Oversold signals on every chart. Boom. Let’s f***ing go!!!

friend on a tg chat asked what’s going on with txp. thought my reply was worth sharing…

seems oversold although unsurprising given recent company communication. main gas plant now online so further exploration becomes self funding but cashflow was lower than expected in q3 results. they blamed this on two faulty (yes not just one) compressors that were “damaged in transit”. seems like *******s they were just bought as refurbished units and procured on the cheap.

also, management keep moving the goal post. said they were targeting 90mmcf gas output now targeting 60 (they’re at 48 and everyone thought they were at 60 going for 90). they are dragging their heels on new territory licences and so many unknowns still.

there’s now no forward looking valuation. everything is being priced on current reserves and current earnings. so should see ‘some’ recovery in 2024 with some potential triggers for explosive moves up. with cash flow it’s fairly de-risked but nothing is guaranteed

Feel similar smx. My largest single position is TXP and they cannot stay consistent on a single topic. It’s like they write the presentations the night before in the bar drinking rum, and forget what they said in the last presentation. The potential upside here remains, but as always it’s a far longer wait than anyone expects

Well, we have capacity to pay that debt down too so I figure our balance sheet will improve throughout 2024