The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Will need to churn through over 2 billion / 2.5 billion shares to clear this. Expecting 0.25 or lower over the next few days. Pointless buying now as obviously nothing positive forthcoming hence this desperate placing at the huge discount.
If no news by mid dec then I can see high 2’s. Looks like it struggling to drop much more than this currently. Also volume relatively low considering. Will add more on subsequent drops or further progress being made in a positive nature on the Farmout.
All I see short term is a drag on the SharePrice until the seller is cleared. Could have been nearly 30 million sold yesterday. So if monecor then potentially another 55m or so to go. Could be someone else of course….
Once this is cleared then the brakes will be off. Although I expect the SharePrice not to do well until then.
Im adding a sizeable position here. This looks way too cheap when you look at what other Crypto's are doing....
One thing is beluga have not asked for an extension from the end of oct so it’s either happened or it hasn’t. Would be nice of tower resources to update the market so we could make an investment decision….
$270m /£200m. When the deal goes through this would be equal to $135m / £100m npv10 for Tower Resources share of Njonji-1 and Njonji-2.
With 2.1b shares in issue this is approximately 4.76p per share for this alone.
Tower Resources PLC
With NPV10 of $270m for its Oil resources @ $86 Brent across the proven Njonji-1 and Njonji-2 fault blocks at Thali within the prolific Rio del Rey basin
We think this makes #TRP a compelling high growth opportunity within this sector
#oilandgasindustry