Member Info for Ilovesushi

I see its possible that more clueless people must be buying and its quite possible that we can see over the next week a holding rns from Frazer’s that they are adding.

Oh look, is it going blue? Everyone must be clueless as suggested and those who are buying even more clueless. Perhaps Mike Ashley is adding.

I guess some people would have preferred a heavily discounted placing?

I think on the sale of news, she shares are worth 40-50 pence.

Then the management do say the company is severely undervalued.

Put me down as one of the clueless. Add Mike Ashley to the line also. Put him down as the buyer of a couple of brands..

Long Auction.

Looks very good to me.

Up we go..

That was 1.5 billion placing shares no doubt. Half of the shares placed must now have been fully taken up. Not much of an over-hang now as the majority closed to being absorbed. That the share price remained above placing price is a very good sign and shows good support. The shares should fly upwards on announcement deal. That should come by the end of the month. Good luck all.

There is a reason why directors do not buy the shares. Why would anyone else.

I think it is the end of the road for this company. No cash and no product (that anyone wanted). RIP

Another contract that has no real effect. No amount of money is stated for a clear reason. Its an insignificant amount that probably no doubt does not cover the salary for the worker that is works on the project.

This company is kept afloat not on contract wins but on placing.ls. Invest here on the understanding this company is a charity. Any money you put it does not come back. History of placings and a future of placings. AVOID.

I am pleased with this fundraise. The company now well placed in its negotiations. To get a partner willing to put in $15.000,000 is a bit of a coup. This amount values the company much higher.

This share is now the best potential multibagger out there. Deal is just weeks away. TRP will have a free carry. All costs of the drill paid and we will take 50% plus 1 share of any outcome. To hold a 50% holding plus 1 share is exceptional. Many small companies hold something like 5% holding.

Our boss is doing some good negotiations in my opinion and has a lot of skin in the game. This has multibagger all over it. STRONG STRONG BUY AT THE LEVEL. Good luck all.

Had the company not given an update on the negotiations and farm in the share price would have fallen close to the 0.027 placing price.

It is now clear that as the share price has remained well above the placing price the market likes what it has heard. The company now well placed in its negotiations and with cash in the bank it is not forced into anything.

Its good update on the potential $15 million investment in the next drills by a bigger player. The real rise in the share prid will come on announcing a deal and an oil discovery. Everything to play for here now. The company is in a better position than yesterday which it seems the market has yet to take note of.

Cheap entry price to me and I think our new partner could very well take a stake in the company. The company should really be above 0.06 0 -0.10. Happy with my purchases here and will stay for the drill. Multibagger in the making and the best play out there today. STRONG BUY.

Value after liabilities 0.20p. Someone is over paying. Double what the MC should be.

I have not account for £ and $. so percentages are clearly different. Share price (MC) is accounted for in £. The injection of cash is in $. 15% dollar. So room for the share price to increase incrementally. Happy Holder and in here for the drill and the striking of oil for the real share price appreciation.

JJ

"Start the bidding at £15 million. that values TRP at £35 million a".

I would assume the joint partner if as we are told put in $15,000,000 (this would mean some part payment of what TRP already put in this venture in the Cameroon) and still remain a minority partner, I see the companies projects in the Cameroon alone is worth $15,000,000. 50% stake minus 1 share or there about. Our other projects come for free. So for me the new partner would do well to buy a small direct stake in the company buy buying the shares. Which are incidentally accounting for new shares is priced at an approximately 50% discount of the enterprise value. If I can use that term.

STRONG BUY. 0.060 price at least. Just for Cameroon planned twin drill. Higher share price for anything else. 0.10 looks good for me for the whole shebang. Good multibag opportunity. If we hit oil we can double and triple the share price and above. Good luck all.

I was being polite. Leaving me room for not knowing the full facts. I often do buy shares not knowing what I bought into. Sometimes one loses much of a rise in having to study. One buys first then studies. of course this is not a method I advice others to take. Its just a method that occasionally works. However it has and does not always work.

Nothing signed yet, but the prospective new partner have given an amount that they would expect to invest of $15 Million. Am I right that this is to buy into two projects, one already funded? So for TRP this looks like back payment for monies already put in, for a stake.

The company that farms in for a 49% stake would do very well and buy a stake directly into the company and buy its shares and take a holding direct. It would then have a minority direct stake in the drills but take its ownership in the project to a majority stake by buying the shares. On a deal being announced within the next few weeks, so after or at the same time, I expect the new partner to buy a direct holding in TRP. Cheap way to benefit from the Cameroon play. Cheap entry for them. They are buying into a company that has an enterprise value in the two projects as well as other opportunities for peanuts. At least at half the cost as things stand. New holding RNS very possible. STRONG BUY

Farm in would provide in excess of US$15 million of funding for the Thali PSC work programme. Looks like this figure was not only updated but could be improved if there is another proposal. And the key is a Minority stake? So the company owning more than 50% of the company. This got to value the company at a minimum of $30,000,000. Thats a good proposal. We could always get two companies coming in. 1/3rd stake each with TRP with 1 share extra.

This could bring in more cash for more drills and other works. Multibagger opportunity here at this level. And agreements could be signed quite soon. Looks good to me.

happy to move on. i just waited for the placing to take place. i just could not fathom why so many said "it is not possible to issue a placing". it was a certainty in my opinion. when i mentioned i got ****ged off.

i am happy with this entrance price. in a few weeks when documents signed we can expect a big rise. more on the spud news. not many companies doing a drill are priced at this amount. with a bigger player adding their funds this is a screaming buy.

happy with the dip. allowed me to enter for the multibagging opportunity.

"They had to give a material update on the farm out to instigate the placing".

Obviously those who agreed to buy shares and support a placing knew very well an update was coming. Your very own comments give away more than you see.

You rejected that they can do a placing yesterday. A placing is not allowed. You said. I was always allowed. They only issue the update to give the shareholders reassurance that a placing was prudent. I only stated yesterday I sensed and smelt a placing was coming as the company had zero cash and needed cash instantly. We got an update at the same time which is good.

Great multibagger potential this one. Now the placing is out of the way the company now needs to get something signed and agreed. Do you see how the playcee had some prior information? Its kind of insider trading. And the FCA give them the green flag to trade this way. No legal for us mere mortals.

Good luck

Kever, you state;

"A placing was not possible on its own. The company gave an update on the farm out and so then a placing was able to be done".

You still do not get it do you? The announcement of a farm out was NOT necessary for the placing to take place.

Live and learn. I had a nose something fishy was going on. And hinted after the placing the company would do well. I am now onboard with a good holding.