Member Info for lsetown

Negativity from the Investor's Chronicle is just what we need!

Boom-time!

Yes, it's another 9p trade. The devil is up to 27p now!

The devil likes TRP, but he doesn't want to make too much money!

Lol. I wanted a few more but you may be right!

The same. I can sell 50 million shares on HL but can't buy 500,000.

No truthfully. I could sell 20 million shares but couldn't buy 500,000.

Will try again.

Lots of sells earlier but I can't buy £1000 worth.

It's a risk/reward bet from here and I personally think it is worthwhile.

I do hope that we can limit dilution. My mind isn't desperate just yet!

I'm hoping the share price at least triples on good Thali news. A placing of £1m would then only be 10% dilution etc.

Let's hope major dilution is a thing of the past!

Hasn't GBP moved into blue-sky gold mining now?

At least we are consistent with our blue-sky projects!

I agree AimInvesting. I think our assets are very valuable regardless of the fact that our market cap is only £3.3m or so. We ae so cheap!

We really should be a 10+ bagger from here soon and hopefully much much more in the coming years.

(And that is coming from someone like me who has lost loads here so far, but who still sees the value and after averaging down now has an average of about 0.06.)

SA farmout is a possibility.

Namibia reserve update is likely.

Cameroon financing is a possibility.

Despair is mandatory.

lol.

Thanks Dicko - very good news if we are able to recover percentages of that!

Thanks Dicko. That would keep us afloat past the drill result (if it ever happens).

Dicko: good post as always thanks!

Have you an idea of the back costs TRP have spent on SA?

I ask because I know TRP just need some revenue to keep us all from being diluted to zero. The assets are great and will be valuable in the future no doubt, but if things carry on as they have we will all be diluted to nothing again.

The rig that Shell had success with offshore Namibia apparently is under contract for another well from an unknown Major.

https://www.offshore-energy.biz/more-drilling-work-in-namibia-rigs-shell-gig-done-but-another-one-pops-up/

Chevron never released their recent Walvis Basin deal details. Could it be them?

From the recent video he seems confident IMHO. More so than in the past.

So many of us (including myself) have lost a load here. The real final kick in the teeth will come if you don't have any real equity left if/when a deal comes. Modest averaging down is what I have done. Doing that or totally leaving are the only sensible options I reckon.

The option of sticking around here while being 95%+ down and soaking it all up is very unhealthy for the mind.

Thanks. Once again I like his presentation. Many successful investors say to look in the unloved sectors, and Oil and Gas is one of those. If we get a good partner for Cameroon then I can see this multi-bagging.

In the meantime: "You pay a high price for certainty in the stock market."

I agree that it looked like they were going to take this private, but perhaps they didn't know the flow test results were going to be bad then?

Also, I think it was Ed. who mentioned that the RNS implied that both wells aren't being plugged yet and the partners were thinking of going back to them?

Traders start early talking their book?