Member Info for danawinner

Bluray, I only have a token holding in here of 200,000 as I think that it has the potential to ten bag.
My biggest AIM stock by a long way is TXP which has found the largest ever onshore gas reserves in Trinidad and worth a look if you want some steady future growth, imho dyor. About to drill another well with potential to double current reserves. Again.

Thanks for the posts today everyone, you tend to see the real TXP devotees at the weekend.
As an aside, if you are bored, here are a few shares that you might like to spend a bit of time researching as I think that they have explosive potential;
ACP Armadale Capital - once the licence and funding are finalised the IRR on this could be massive in a growing market. Could be a ten bagger.
BZT Bezant Resources - microcap and illiquid and not everyone is a fan of the team but if just one project comes off......
Cadence KDNC Lithium and iron huge potential market demand seems to be moving forwards
European metal Holdings EMH Again, natural resources play with potential breakout and teeny illiquid market. At the moment. Potential to move very quickly on news.
These are not recommendations, I am very heavily into TXP and these four are tiddlers that I think could multi-bag and I only have £20k in them combined. They may not happen quickly but have the potential to move fast if they do.
Some have big spreads and are illiquid. Not for the faint-hearted and may be subject to placings. If one of them comes off it could cover any potential losses on the others. Stick with TXP for steady growth.
DYOR and all imho.
Let's see where they are at the end of the year.

I can admit to buying 150,000 today in chunks.
Tried to buy through Eqi yesterday and they effed up big style, as dealers refused to call me and just cancelled my orders.
Official complaint gone in and will refer to FCA if unresolved.
Very unhappy about that but delighted with progress this week.
Have a great weekend all.

Camglen, there is no contract as yet, there is a Framework Agreement.
https://www.lse.co.uk/rns/TXP/framework-agreement-signed-with-ngc-and-heritage-jqhg2tpyt2q1hgx.html

An agreement to agree is not an agreement, but case law can vary on this point. https://www.charlesrussellspeechlys.com/en/news-and-insights/insights/real-estate/2016/are-agreements-to-agree-enforceable/#:~:text=An%20agreement%20to%20agree%20can,time%20of%20the%20initial%20agreement.&text=Case%20law%20has%20established%20some,to%20agree%20%2D%20and%20is%20unenforceable.
We have the fallback position of hopefully being able to sell the gas to Shell, and for them to sell it on to the grid at their high price and for them to take a margin on it.
I am sure that we will get a good result.

Thanks Triumph1, I will do a bit more research.
I cannot see how the operational costs can be justified. This company could be run with a phone and a laptop, with a £3,000 per year registered office address.
When I raised this first with my Broker three months ago, he asked me what I would invest the funds in, and I said 50% Rockrose Energy RRE and 50% Touchstone Exploration TXP, which reflected my own natural resources holdings.
My SIPP is up 600% year to date, and would love to replicate this for TIR holders.
Roland has not been returning my calls.

It strikes me that North has been raising its sell price target consistently over recent months.

They seem to sell quite a big chunk, then allow the price to rise to their next target, and by holding their stock back, it understandably rises, then sell into the that level, and repeat........
They will run out of stock in the end, then away we go.
I was trying to buy today, but with no luck, limit and fill or kill bids were hopeless.
Broker dealers not there to take calls, very unhappy.
Ah well, maybe tomorrow.....

I had rather hoped that the Canadians would pile in with rather more enthusiasm, still, it is Monday morning, and possibly a little early for many investors over there.
Very pleased with progress to date today, and very much in line with my thoughts first thing.
It looks like investors have decided to sit on their shares rather than bank profits, which is always a nice sign.
Hopefully we will get some good press and a smooth upward trend over the next few weeks.
A good day if not a brilliant one.

We have had a reasonable response so far to the RNS.
There should be more to come from this one, and think that we should close at a minimum of 65p today.
Other RNSs to come;-
Spud of Chinook +10%
Confirmation of NGC deal - that could be anytime between now and Christmas +10%
Hit big gas/oil at Chinook +20%
Chinook reserves confirmation - 3 or 4 months away + 15%
Cascadura spud 2 +10%
Cas 2 Hit lower target + 10%
Cas 2 reserves + 15%
All in all, this should comfortably take us to the £1 to £1.25 range by the year end.
Not spectacular, but nice and steady imho. Better than pump and dump.

I can see that TSX will open at CA$1.20 and should take us into the 65p to 70p range.
I think that we can expect some broker notes in the £1.25 to £1.50 range today.

Spawny, looks like the 60 pence open was about right, and 65 p already hit.
The rest of the day depends on North Energy.
I think that they will raise their sell target to 70 pence.
This bodes well.

Tonnacombe, well done, how on earth did you manage that?
Please share.

This is an excellent RNS, by any standards, and by definition is almost certainly conservative.
This level of reserves is certainly not priced in to the current SP.
The market is a fickle mistress however, and it is hard to know the impact on the share price.
I think that we should open at 60 pence and head for 65p but the market will decide for us.
GLA

I 'hope' that this is good news.
https://www.londonstockexchange.com/news-article/BZT/completion-of-due-diligence-re-hope-project/14620486

Jaffas, there are some, albeit rare, genuine AIM companies that are solidly backed by assets and future income streams, with genuine management teams that tell the truth. I share your view on 88E/Tangiers, which has been a consistent loser for many years, and imho is a basket case which I wrote off as a total loss a long time ago.
Have a look at Touchstone Exp/TXP to renew your faith in AIM oilies, excellent prospects in the short and medium term imho, dyor.

Thanks Gamflin, I sold my RRE holdings in January, North of £20 and reinvested the funds in TXP, Then put some back into RRE at £7.50. The recent top up was the proceeds from the RRE sales on takeover bid.
Overall SIPP performance YTD plus 370% overall.
Not bad on mainly oilies in what has had poor market sentiment.

I am hoping for +500% this year overall which is OK compared with the expert fund managers, in my spare time.
I also hold some purely speculative positions such as ACP, KDNC, BZT, EMH all of which could multi-bag imho.

I think that we should see 65 to 70 p here by the end of July and 75 to 80p by the end of August.
Here's to a good week everyone!

Well it looks like it's all over.
As at the first of January 2020 the share prices were

1 JAN 2020
RRE 1870
TXP 22.25

Unless there is a rival bid the results are
RRE 1850 pence = 98.93%
TXP 56.5 pence = 254%
Touchstone Exploration wins hands down!
Only the start, we will be £1 by the end of the year imho. DYOR.

Well it looks like it;s all over.
As at the first of January 2020 the share prices were
Lexion, you are so right!
1 JAN 2020
RRE 1870
TXP 22.25

Unless there is a rival bid the results are
RRE 1850 pence = 98.93%
TXP 56.5 pence = 254%

Touchstone Exploration wins hands down!

Corpse, I could not agree more with you. We should be at least £1 now and £2 next year.
The market is the problem.
Rockrose takeover at less than the cash in the bank and has 25,000 boepd income with the prospect of doing a big deal as soon as the takeover is complete.
Dana takeover 30,000 boepd at 2 x annual income.
It sticks in your craw, but unless there are two bidders you don't get fair value.
The Market cap is now absurdly low compared with the income potential.
The problem is that Shell has huge firepower and can buy us if they decide to.
I would prefer them to wait for a year, but the signs to me are that they are already moving on us.

https://www.guardian.co.tt/news/manufacturers-brace-for-job-cuts-if-ngc-hikes-gas-price-6.2.1038700.29146d92d5

6 months old but still relevant

Interestingly, I noticed that with Rockrose, for a couple of weeks before the takeover announcement there was a wide spread.
This tends to suppress liquidity, and certainly puts potential day traders off.
If there are shenanigans going on, it is possible that there is a bit of under the radar stake-building, together with a loan of North shares to the stake builder to sell into any rises, without having to disclose any position.
There is also the fact that the management only has a small stake in the business, so are not going to male enough to retire on if a takeover bid materialises.
Massive bonuses and salaries by Newco might be tempting, but 75% of the shareholders would still need to approve it.
In the same way that Dana was sold short, and currently Rockrose, I can see that a bid of somewhere between £1.20 and £1.50 would be sufficient for most shareholders to capitulate.
To me, that would be selling it ludicrously short, but Shell may have an existing price advantage with NGC that we do not.
If you look at last year's contract signing between NGC and Shell, https://www.youtube.com/watch?v=tamCXQq6mVQ
you will see that it took years to negotiate, and Shell will not have done a deal at anything less than top dollar.
In some ways it would make a lot of sense for Shell to buy us and do so at a price that nobody else can match, although if you watch the video, it seems that all the majors have deals with NGC, so time will tell.
In the meantime, I think that news flow will slow down, if there is something afoot.