Mannnan, I don't disagree that Tower has under achieved previously as there is no question there, My previous post is about the current situation and what the future may hold.
From your post I presume that you bought when the SP was somewhat higher? and if so I fully understand your frustration, I did the same with Bowleven and that didn't end well (no pun intended).
I honestly think there will be more news than the license approval, the statement within the last RNS "The Company visited both the Societe Nationale de Hydrocarbures ("SNH") and the Prime Minister during the past two weeks in Cameroon, together with Tower's partner Prime" for me is a clear indication that both TRP and Prime have bigger plans than a one well drill.
All will become apparent in the coming months however I truly believe there will be lot's of good news ahead.
Same for me blissful, In reality they/it are more likely to be the same sad person who unfortunately lost their investment and now in a twisted way want both TRP and it's current investors to follow the same path as them and lose everything. BSR aka Tony the mouth is a PRIME example :-)
Good luck to all of the genuine investors, I am sure we will be rewarded for our patience
I actually have a chuckle when I see a Green box as It's likely to be BSR aka Tony the mouth talking about dilution and how bad JA. Funny thing is he/it has more than likely lost most if not all of his original investment.
Ok James, before I filter you please provide me with a stock that you are positive about as it seems from you posting history that you only comment negatively.
James, Not sure if you are the full ticket however if you read the RNS, the capital raise is to pay off bridging loans before they mature and from a financial aspect this is very astute and shows that JA is doing what is right for TRP and it's investors.
As I have said previously, 3rd party equipment etc isn't always available at the drop of a hat and rightly so TRP won't pay a day rate to hold equipment when they had no real input into when the Government would approve the extension. Now they have been given verbal approval I am sure Jeremy will start to sign the remainder of the contracts for the 3rd party services.
Seems to be an overall positive RNS and the raise to pay off a bridging loan shows that JA is very confident that the approval will be signed within days and not weeks/months, A 5% discount is also positive as it shows that the market is expecting the SP to tick up significantly over the coming months.