The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
You both make good points.
If JA can get Cameroon going, then the ongoing revenue would mean that we end up with a much bigger share of Namibia. That would be great.
The main thing though is that JA mustn't dilute us shareholders to zero anymore - from here there is no need to dilute much if he makes the right deals!!
Jeremy isn't stupid or without integrity - at least that is what I am hoping.
If Tower RNS a great Cameroon deal then it is the icing on the cake.
After recent news, we (and I guess JA) know now that the Namibian block is the most interesting asset.
Crazych38, I agree. Have you tried emailing/talking to the company about this?
We will have enough money for Cameroon if we get properly carried - like you say. Any substantial raise for funds for Cameroon would be wasteful though. I am still hoping JA knows this but many posters tell us don't have faith there.
The funny thing is that the more the share price rises, the more the company is able to raise a bit of money if required at minimal dilution. Shareholders will gain confidence that they aren't going to be wiped out in a raise. A virtuous circle!
If you then think about the assets here and their potential value if Tower can get traction and revenue then we are talking way, way up from here!
(I am still 60% down at the moment lol.)
It does appear silly at first glance but perhaps there are charges and restrictions not discussed in the RNS?
If not, is it just plain bullishness which also prevents Jennings from selling at these levels and knocking the price?
What other reason is there?
(Maybe we should all try and get similar terms from Ext - lol.)
"Can someone explain to me like I'm twelve why this rns spikes the price by 11%?"
The management are showing that they are prepared to buy 99 million shares today at a price that is twice the current share price. Buyers see an opportunity.
"Maybe EXT think that if Jennings sell the 99 million shares on the open market then it will crash the share price. If it does, then so be it."
Maybe they are very bullish and would rather buy them from Jennings than see others buy them so cheaply?
I know they have a lot of shares already and AK has just been involved in the fundraise. With all these things, you hope that the management has integrity.
The "Auto-exercise" on the Call option at 1.5p could well have activated if TO14 results were good. The share price got around those levels not so long ago.
I just read this that Ext are bullish. But if I am wrong and I stick around I will hopefully learn why I was wrong.