Member Info for danawinner

Malcy gave us a nice bit of coverage on Monday.

Share Price: 16.50Bid: 15.00Ask: 18.00Change: 15.70 (1,962.50%)
Spread: 3.00 (20.00%)Open: 16.50High: 16.50Low: 16.50Yest. Close: 0.80
Not sure that I believe this

Any feedback from last night?

Corbyn has proposed a 'windfall tax' on oil companies.
The Government currently takes circa 85% of income in taxes.
Not happy with this Corbyn wants to steal money from the oil companies.
Large companies like Shell are mainly owned by Pension Funds, so any 'tax' is taken from pensioners.
Theft. imho.

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Touchstone Exploration (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders.

I dare say that you can probably still register - anyone going?

I was puzzled to see that the closing price on the LSE board here is 14.75p when the final auction was 15.5p.
I checked on the London Stock Exchange website and the closing price was indeed 15.5p.
Good springboard for tomorrow.
As Paul Baay is presenting tomorrow night, it wouldn't surprise me if we have an RNS in the morning with a bit more good news.
It's been a very good week so far.
Only mistake that I made was yesterday when I had a live quote for 50,000 at 13.1p towards the end of the afternoon and decided that I already have enough in here. Grrrrrrr..........

Micro cap business. Needs cash.
All of a sudden a huge amount of ramping.
Spike in SP followed by a placing.
SP dives.
Never seen that before.
I have sent them my plans for a perpetual motion machine.
You may see an RNS on this if they decide to take it forwards, and the LTHs are guaranteed a ten bagger.
At least, that is.
It will be a massive success, honest.
Free energy forever.
My sympathies for those that were mugged.

Tried to sell 200,000 which is a trade of £4,000 or so, - no trade.
Then sold 100,000 at 2 pence.
Tried to sell another 100,000 at 2 pence, no trade, routed to Dealers.
Managed to get them through but below the bid offer spread.
This is absurd. Glad to be out.

Yes, Canadian price is 25 Canadian cents, up 8.7% according to Bloomberg. Exchange rate is currently 1.71 C$ to the £ which equates to 14.6p. A strange anomaly, but it is a Canadian based company so perhaps they have more confidence than UK investors. Alternatively, perhaps a mahoosive order is being filled, and SP here being held back.
Yesterday, indicative sells outnumbered buys by two to one, and the same again today, but we all know how unreliable this information is.
I find it all a little perplexing.

Excellent find Alfa! This is this is the sort of PR they need to get out. I suspect that this will give us a good lift today and stimulate the new interest that we need.
#TXP.

Forgive me. The Gas will attract a 12.5% Royalty charge to the T&T Government - fair enough in my book.
Ernst and Young guide page 683
https://www.ey.com/Publication/vwLUAssets/ey-global-oil-and-gas-tax-guide-2019/$FILE/ey-global-oil-and-gas-tax-guide-2019.pdf
Depending on the oil price, it appears that this saves us 25% SPT making the income much more valuable.

Paul Baay said this is a World Class Asset, one of the TOP FOUR IN THE WORLD! WOW!! Could this mean that we are in the same class as Qatar for example? If so we are in for a VERY exciting ride.
I do hope so.....BUCKLE UP!

Hmmm let's consider What this means. My understanding is that natural gas doesn't attract tax. Our Head office and other costs are already covered, and whilst there will be additional operating costs, our overall profitability will increase massively. This however is only the first bit of news. Other prospects are bigger and better. Within a year we may very well see a multiplier of 3 or 4 times our present level. Nice to see a 15 percent lift in sp on the first day I think we can expect to see this on a regular basis. That's how rerates work.

Fantastic start to a good news week!
Us long term holders have hoped for this for a while.
This is my next Dana,
We should be up 50 percent by Friday imho.
GLA

This is very encouraging. We seem to be very volatile and responsive to small changes in supply and demand. When the news hits next week we should move pretty quickly. I had a quick look at the significant shareholders and over 40% is in Institutional hands which should be very sticky at these levels. Once the PIs and day traders come in on the back of being on the risers board, the sparks should fly.

OK, so here's the present scenario;-

Public Enquiry has taken place. No defence offered by the Planning Department, which is going to pay for our costs of £1 million.
Decision awaited until after the election, but Planning Conditions have been agreed with the Planning Authority and the Inspector.
Current asset value is 7 pence per share, against a SP of 2.06p. I am unsure as to whether this includes the Wressle reserves, or not, it probably does imho.
Production set to double to give us a £3.5 million per annum revenue., turning us into a profitable company.
Current Market Cap for EOG of £9 million.
Our Partner EDR has a Share Price of 3.45p against asset value of 3.68p per share and annual losses of £2 million.
Looking at this simplistically, even if we trade at a 25% discount to asset value, we should be at a share price of 5.25 pence.
Am I missing something here, or just being stupid?

Hi James, Yes, I really was a beneficiary of the Dana meteoric rise. I was in two minds to go for Dragon or Dana at the time, and backed Tom Cross. I put £10k in at 11 pence (there was a 15 for one consolidation after this) but the final sell price to North Korean Oil Corp was at £18. It paid for my kids' school fees. I have thanked Tom personally. I could do with a few more like that.

It strikes me that the SP drop is a remarkable over-reaction to news that is entirely in line, if not slightly better than the market expected.
The flurry of sells this morning appears to have been robotic, and produced a remarkable drop in the price for the volume involved.
One or two of us took advantage of the opportunity to average down prior to the good news that we can hope for next week.
I for one can only infer that there will be good news, as Paul Baay is going public next Thursday 21st at the Proactive presentation, and if I were him, I would be releasing the good news with an RNS on that morning.
Let's hope that I am right.
Without knowledge of the content of the RNS, it would be speculative as to where the SP will end up. Paul does have a track record of being cautiously conservative in his claims, so I would anticipate that the results from the gas testing will be very positive, and I will therefore stick my neck on the block and speculate that we should see a price rise to north of 20 pence.
It may not get there in one hit, but at these SP levels it is certainly a good speculative play.
As always, this is a personal opinion, and I am not giving any advice, you must do your own research and make your own decision, but I know of a number of investors that share my optimistic opinion.
7 more sleeps then.
GLA

Interesting to note that our partner on Wressle is up 20% on negligible volume.

Is the Planning Decision leaking out to the MMs? Seems a little unlikely, but it shows how volatile the market is. Let's hope that it's a portent of good things to come.
He said optimistically.

Better than 10!

I'm optimistic about TXP and topped up a little yesterday.
It's now a waiting game for confirmation of the gas production figures, which, I believe will move quickly into production, hopefully doubling the annual income.
Once this is in the bag, I can see a 25 to 50% increase in the share price.
Any good news from other drilling prospects will also help, with a better than evens chance of this.
A target figure of 20p by the end of the year is realistic imho.
GLA