The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Patience is not simply the ability to wait - it's how we behave while we're waiting. NUF SAID! GLA
The hokey cockey - in out in out la la la la etc On 3 September 2015, the Company announced the sale of its entire interest in its subsidiaries for approximately €17 million. Due to the sale of its property assets, on the same date, the Company became an investing company under Rule 15 of the AIM Rules for Companies. As an investing company, the Company is required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its investing policy within 12 months of 3 September 2015. If this is not fulfilled, the Company will be suspended pursuant to AIM Rule 40. If the Company remains suspended for a further 6 months from that date then trading in the Company's shares on AIM would be cancelled. Wouldn't want to be in this one over the weekend
Showing as sells all day!! GLA
New companies are springing up who will undertake legal work for aggrieved private investors who feel they have lost money due to such fault as miss-information and bad advice. They will do this on a no win no fee basis, costing approx 25% of whatever they recover. I met an elderly investor who recovered £44,000 (after deduction of the 25%) using the services of one of the exhibitors. What a result. He thought that he would never see any of his lost hard earned ever again. The company is happy to undertake individual cases or group class action. If you think you have a case with any of your investments you can get in touch with Kirk Kenney of www.missoldinvestments.net. GLA
Shell prices are ££'s per share my friend. We are an exploration company now. IF we produce or JV on production we be a completely different outfit and will multi bag. I do have some faith in GT and the test of the board. Holding on :)) Today's sentiment makes TRP a strong buy IMO THINGS ARE MOVING HERE GLA
I have been in and out of TRP for 5 years now but feel lucky I didn't buy at 6p!!! Did make a bit on its way up coming out at 2p early 2014. Bought a few at .7 and then my current holding - a big investment - at .16p. I was showing 50%+ loss at .08 pre consolidation. Need 40p now to b/e so will be around for sometime. There is hope tho. San Leon is another share I'm in. DYOR AIM OLIES - dictionary definition 'sleepless nights!' If you enjoy the risk/poss reward then good luck - not for the feint hearted. Invest wisely with a sensible spread of FTSE down to special Opps stocks. TRP is a special one but we may have to wait. GLA
Guess your in here then - lol!! DYOR but this one has legs - well maybe - kinda stumpy ones with a limp etc. At the moment. We are not the first or last AIM Exploring Oilie to have a tough time. Good times will come imo. Like so many of you - I can't afford to sell at such a loss. Come on GT show us some balls mate!!!!! GLA
Do you have a portfolio? If it is 100% in the AIM then God bless you!!! Some will turn out to be nil investments!! Black or Red - heads or tails!! You need to DYOR before getting involved here. The AIM is a casino and has always been since it started I 1995!! TRP are no different from many many others. They may well turn it around?!? Who is in SLE? They went through consolidation and many lost their shirts! Now they are looking to move from 'explorer' to 'producer' - it's complicated but they may get there?!? TRP are not new at this game and are not hiding from their lack of success. The AIM casino is not news worthy and Panorama would not look at this story on the quietist of news weeks Hang in there and hold for your money back - it may take a while :)
Yes. As mentioned on this bb before the company can't raise funds through equity placement with the current sp. this is because the sp is less than the ordinary share issue price of .1p. After the consolidation the sp will be higher - hopefully. The company will then make a presentation on the licences in and the prospects for the plays in Cameroon. They will then issue new equity to fund the project. If successful this could fly Imo. Short term looks uglier. Medium to long term looks brighter Crystal ball stuff at this stage. DYOR and GLA
Only a 5% correction on NAS so let's hope for fivers today
Good evening wise ones :) Any ideas on when? How long etc etc Exciting times for this one - glad I stick around GLA