The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Earl, that may be so, however there is no concrete news to substantiate your forecast of the future.
Unless JA says something, TRP is at te mercy of an African bank. Personally Black or red in vegas provides better odds.
What you ding appreciate is that Africa talks a lot but is very light on action. That is why there are millions starving despite multi billionsnribv pumped in over the last 50 yrs +
If you want an example as to how useless Africa is at administrating, compare it to the UAE where there turned their natural resources into something.
Huge parts of Africa has been in the depths of a famine for decades and decades. They have had billions of dollars given to them and this impetus to do something, yet there are still children starving to death.
There is always so much talk of we must do this and must do that coming out of Africa, yet nothing changes.
I don’t put an any substance behind all of these proclamations by African governments. This oil drilling gets done by big oil companies doing deals and being given permits because of how those in government profit.
If they had booked a rig, wouldn't they have the bank loan in place?
If there was a bank loan in place, there would be an RNS.
I don’t think JA would want to be on the hook for a rig without a guarantee that he could pay for it. A handshake from a bloke at an African bank isn’t quite enough to commit expenditure..
If a big short got closed, why hasn’t there been a more positive response to SP? (This is the first share I have been involved with that has had such a short attack. This is more a question about the shorting rather than Panr)
Santiago, any you aren’t making up stories??
What has JA actually delivered for TRP that has resulted in a material improvement in the company’s MCAP? - Nothing. So sorry, JA does not get any benefit of the doubt in this period of nothingness. You can’t describe it as anything else.
It is disingenuous to pretend that something is coming next week.
I’m sorry but any bank that approves something through its credit committee and the waits months for further approval by the board for $7m raises alarm bells. What is $7m to a bank?
What will happen will happen, but please don’t pretend anything is going to happen when you have absolutely no certainty.
The rig is already on the move https://twitter.com/GeodesRock49/status/1629969665819815937?s=20
I don’t buy this argument that Mongolians don’t want to buy their refined oil back from the Chinese.
If the Mongolians will use the oil from the refinery when built, that means they are currently in an oil deficit, so they are currently buying oil in from somewhere else. I would suggest having their own oil refined by the Chinese and buying it back would cost less than buying in someone else’s refined oil.
Santiago and munch, cool your jets.
Wolf has been far more accurate than both of you combined.
There is nothing here until a pantomime African bank signs a measly $7m ( if they deliberate this long over a 7 mill investment….) Or more likely a major has a good drill and wants additional acreage where TRP has licences.
PW has said his goodbye on Twitter, however he has turned the comments off for the post…. Guess he wasn’t expecting any warm regards…
Any thoughts on who kicked him out? As CEO and chair, and no official shareholder revolt I was a bit surprised as he was on a cushy number there…
I don’t work in banking, however I would imagine if they are like most other businesses, the governance boards / approval committees would meet monthly or at a minimum every 2 months. Therefore, why hasn’t the rubber stamping of financing happened?
Personally I think there is a higher probability and a quicker route is hoping Shell or Total have successful drills, they come knocking on the door of TRP about Namibia and JA asks for some ring fenced cash as part of a farm in deal to fund Cameroon…