Member Info for lsetown

What worries me here is the Shard loan. It is secured on the equity along with the Pegasus loan. If Covid ramps up again Cameroon finance may take longer into 2021 and then what? Large dilution from a conversion?

The recent SA news is great though. Exxon Mobil are just to the South and must have eyes on the licence.

Not to pump this but looking at Tower's website:

https://www.towerresources.co.uk/operations/south-africa/

The Operator has assessed analogue prospect potential on the Algoa-Gamtoos block at 364 million boe on an unrisked basis from 2D reprocessed data

lol.

The Spread is smaller for once. I would like to buy more at these levels but am overstretched as it is.

News needed!

They do have 30% of this and also have the money to buy it out and secure most of the debt (if they wanted).

They spent more than the current market cap. buying their shares before so they must be thinking about their options here.

They have someone on the BOD so they will know if the thing is worth buying.

Just doing some research here and it looks interesting.

Assuming the exploration drilling is positive how does this company plan to exploit the find?

Selling it on or going the fund raise route for production?

Yes, I am no tax expert but the losses will only be recognised in the UK at the UK's Corporation Tax rate won't they?

The Shard loan was for up to six months from late August so there is time still hopefully.

Yes. SynchroUK!

But are you both right? Didn't he have a visible 'Stu' name?

That rings a big bell. Yes Stu something.

Who was the guy who kept saying "Oh My God It's Full Of Stars!" ?
I liked his posts.
Those were the days....

Marlon Monkey

Fuddstone. That's true as-is, but the agreement stated that if Navitas pull out or don't FID by April 2021 then Premier can take their obligations over which would be to 70%. How far into the agreement they are will affect this but if Navitas don't commit to FID by April 2021 then Premier/Chrysaor can step in.

In the recent presentation 43% of the combined group's 2C reserves will be in the Falklands.

If I were Chrysaor (and IF I wanted Sea Lion to go ahead) then I think I would try and prevent Navitas from being involved - if that is possible. I would then have 70% and would look at Rockhopper too.

I've had a few beers on a Friday night and am thinking about TRP.

If they can get the funding away then this is great.
I was in Tower years ago and lost a big chunk of money sadly.
I do Like Jeremy though - unlike so many AIM Directors he appears to me to be unselfishly trying to get the thing going.
The Pegasus loan could in theory swallow it all though.

Tower needs some luck for once - everyone involved will profit!

Surfit - it is actually very nearly 10 million share options that SAM has awarded himself.

Interesting posts there brig0d00n!

Maybe there is hidden info. Though what does "I need stock badly but don't take the price down" mean?

Why not take the price down or why not take it up??

That 28th deal idea sounds plausible to me.

We need some good fortune for once.

Yes, Godders don't keep going here - in the unlikely event it comes good you will do very well with what you have.

There are many other stocks to buy instead and at least they will give you some diversity.

It's good money after bad - I've done it - but I won't be buying any more!

They also just awarded themselves over 7% of the company in share options, and by not releasing the AGM voting they have effectively hidden shareholder's opinion of this.

They decided to issue themselves free ones instead.