Member Info for CrustyPete

As I suggested a few days ago, I subscribe to the idea that approval of the Farm Out is a totally separate issue to the granting of licences and that the first is unlikely to be addressed until the second is out of the way. Consequently if the failure to see the two issues completed at the same time sparks a sell off of TRP shares over the next few days I, for one, will be seeing that as an opportunity as I really dont see the two things even being correlated, let alone connected.

But ho hum, only time will tell.

EE I was referring to the single 500,000 trade at 13.47 and the two XPOL trades either side. The two trades for 900k had not then even been posted - delayed trades.

PA yet again.

All I would say is that RIFT will benefit to a certain extent, through extrapolation, from the exploration and appraisal groundwork that He1 has already done. They also have a somewhat different approach to getting their exploration and development work funded. That said it has taken He1 10 years to get from Ground Zero to where they are today in Tanzania and, whilst they have broken a lot of ground that others can now take advantage of, I do think Rift is a very long way and a lot of capital to go before they will be anywhere close to He1's position. Too long for me to take any involvement.

I think others such as Pulsar and Mendel are better options because (largely) of the locations they operate in.

Hello Gainsonly.

You were telling us all that the sp would be £1.50 by the end of the month, though haven;t heard from you for a while; are you still expecting a now 66% rise in the next 6 trading days? Indeed are you still holding? I hope so, because I put all my spare cash into PLSR based on your recommendation.....

Some big SELLS just posted.

Maybe not all but the vast majority, at lest those we can see. Can only hope that, as has been usual in recent days, there are a one or two larger delayed BUY trades posted before the end of the day.

That or some news!

Chelsea, yes, indeed, 3 months not 4 - apologies, fat fingers...

I agree BB that negotiations re Farm-Out are complex and, usually, protracted and, of course, they will have to kiss a lot of frogs before finding their knight in shining armour BUT, right now the market context is pretty positive for all known reasons and the BoD should have the wind at their back and in their sails. It would be good to know if they are or have been engaged in conversations - some positive affirmation would go down very well.

Well that would be nice and I hope you are right but I suspect it will be purely factual in nature, just as the last one was. The last "operational" RNS is now 4 months old.

@PC " “something’s clearly been happening behind the scenes” - Really? Do we? I think it is more true to say that we are assuming so..... We have been given an indication of "next steps" But it would be good to have that assumption confirmed and with some detail as to exactly what is being done and what, if any, progress is being made. And that goes for both Galactica and Rukwa.

Positive sign? I note that all this mornings trades are being reported as Buys but I am 99% sure they are all Sells as, since the open I have been offered 13.36/7p for anything up to 150,000 shares. Are the MM's covering a short position or filling a large Buy order?

Whatever the date Chelsea I think the reality is he is already in situ and doing the job. No doubt after an appropriate handover which, of course, will need to have been completed by Friday, if not already.

"It is NOT Aminex..." Doh!

@Reserved - Agreed, not least because all that exploration and development will come at some considerable cost which will have to be paid for by someone and we know that without considerable income that usually means only one thing.

Moreover it is Aminex that is the Ntorya/Ruvuma License Operator it is ARA and AREA will not "fall into the same trap" they have too much leverage over the Tanzanian Govt. It is not just a Commercial relationship but a Diplomatic one too. Oman is a huge player in the Tanzanian economy, into Agriculture, Industry and also with plans to build a Refinery.

So good try Prosiciunto but no banana.

BB, filling the first trailer may have been newsworthy and subsequent ones not - perhaps but none as newsworthy nor as price sensitive as receiving that first payment and how much - news that we have yet to receive.

That looks better. Though volumes aren't huge the balance of trades is very much on the Buy Side. Long may it continue...

Well BB I wouldn't choose to argue with your summary below but must admit that having hit the "production in December" target to be nearly in May and yet still with no definitive news of any revenue is both surprising and a a little disappointing. Remember those now totally discredited claims of BNL filling a trailer in 2 - 3 weeks? And how long ago was that?

Always better to assume that things will take a lot longer than would ordinarily be expected.

Someone just sold 250,000 too, it appears...... Unfortunately.

And CMG, if there was to be news no later than Wednesday, would we, should we, not be seeing a lot more trading activity today? Historically TRP has been exceptionally "leaky" ahead of important news.