Member Info for Crossthetea

Any good news from walvis basin will see Eimear Bonner get the chequebook out. £7M is chump change.

If there are farm out discussions going on then I am 99% sure that buying GEO is one of the options under consideration by the partner. Problem is, big oil have no interest in gold so likely will buy the oil part, taking any relevant staff and IP. £7M isn't much for a license and know how in a hot area of exploration where diligence is basically already completed.

Ask is now overlapingy at 0.14.

On no news... why? Has there been a leak regarding the farm out deal or is the generality just settling in?

I haven't heard anything myself and tbh ask why BigOil wouldn't just buy GEO rather than farm out, it would be simpler for them

It's interesting that there was no significant well-off from investors when the MMs dropped the SP to 18p... or again when dropped to 10p.

There seems to be a lot of sticky fingers and or faith in this stock... GGP have the GGPers, is it time for the GEOids?

Nevertheless the MMs were forced to significantly increase the SP to prize the shares from GGP PIs to allow room for IIs on good news. I wouldn't be surprised to see the same here.

Are you joking? The way he struck each key was masterful! Of course, he completely missed the keyboard on the first two attempts...

It wasn't even oversold, the MMs dropped the SP in expectations of a sell off that didn't come. They lost quite a bit of money today.

Stable ground, good rock formations, and mineralisation with metals above baseline... this ain't no duster, this is a signpost.

A 90M buy at 0.12? Someone read the RNS properly...

Not a chance mate, AIM may be cowboy country but it is still LSE and that 97M Buy was reported as an ordinary trade. Otherwise the MMs would be given a pretty severe slap on the wrists.

Bound to have another big buy to fill too, just feel that tree shake.

Says it all. I wouldn't be surprised if Omar knows the assays are good, but needed to keep the 'investors', which let's face it, are institutional and likely long term, happy with their 18p entry, balancing their risk and ensuring further investment down the line.

Sod him, but only because I have no more funds to move here at these prices!

Maybe there is some meat on the takeover bid rumours after all?

Not a fan of the recent Spec-Buy CanGenuity broker rating @ 30p target?

Do you thnk nationalisation to the T&T is an option? I woud say $100-250M is not a great amount for a government to spend on energy security and local employment, if sold correctly... though do we have anyone on the BoD who thinks of this type of option?

MCap of £100M to £20M within one year... someone is getting coal in their stocking.

There is time. An ambitious, youngish VP looking to make a legacy for himself (let's face it, it will be a man), would jump at this sort of thing.

How about Dom Macklon? If I were Chair of Touchstone I'd have had a call with him already. And he'd be on my Christmas card list.

True, one possibility is a failed raise to pay creditors followed by creditors calling in the debts either through complete transfer of ownership and delisting from AIM or simple liquidation.

Squeaky bum time from PIs.

Though I disagree that there is no time for management change... look at Genedrive, one large PI organised a coup and got himself a board seat, which rocketed the SP X3 in a few weeks. MCap is much different albeit.

Yes, debt is shocking at this mcap.

Just had a chance to really look at the numbers in the RNS from yesterday, and I am sure the same has been done by the brokers et al and hopefully they will come to the same conclusion resulting in a rerate from the initial kneejerk levels eventually.

Believe it or not, operations are relatively stable with loss coming mainly from lesser market value of the saleables in the year compared to last, which could have been better communicated frankly.

The resources are sound and being extracted, which means to me that the fundamental value of the company is being unfairly represented at this level and so will increase by quite a margin in the short-mid term.

Though, the mandate of a growth company is, well, to grow, which despite potential and effort is not happening so I would recommend a change to the CEO for someone better qualified for a company at this stage of development and same to the board as seen fit

Question is, who will take on the challenge, bearing in mind that it is obvious they will need to fight off any attempt to takeover by creditors which is a danger at this level.

Semi-upside is TPX is a sitting duck for a takeover at the moment… £20M for these assets? I’ll give you £50M while laughing that they're worth X3 that at least, yes please!

32p target with Spec-Buy rating from Canaccord reiterated today... it's going to be a spikey ride