Member Info for MrTriumph

Trout,
Thank you, I see you are adept at copying and pasting recent (not that recent) news snippets, very good.

However what I will point out is these statements can and are regulary amended, also note the end date!!

My speculation as you put it, is, what happens afterwards? it's not what you think you know it's what you don't know that is important, and also the timescales that this particular problem is taking to resolve? For this reason I would not be adding here for the time being, I will continue to hold what I have as I am still in a profit position.

As for SML being as risk free as any AIM stock I did think that, however, I am now starting to review this. Personally I do not think any AIM stock is risk free, anyone who thinks so is frankly not in the real world.

Mr T

I can fully confirm that Scully, one of those sells was in fact my buy!!!
Perfectly simple to display buys as buys and sells as sells imo, why its not compulsory is anyone guess????

Mr T

Wolfy,
Just what I have been banging on about for months, this share and direction of it revolve around Cobre at the minute, nothing else!!
Cobre is the cash cow that allows the company to continue with it's other projects, without it, it will need cash.
The point I cannot understand is if there is a doubt of the major client recommencing deliveries, and its been a doubt for sometime now, why don't we simply replace that client with another one? I can't see any reason why not, it is they who have broken the agreement not us. Yes I know we have been promised "x" amount of cash until February 2019, but in my opinion this should have been dealt with long ago!
I believe if this wasn't hanging around the sp would be north of 2p now!! easily.

The doubt remains and that doubt is in the market place, as long as it remains the sp will move sideways.

Mr T

Johnny,
At 31st May 2018...
Net loss for the year - $36,845.000
Cash at the end of year - $1,390,000

"The Company’s continuance as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operations. These material uncertainties may cast significant doubt upon the Company’s ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. Although the Company has been successful in the past in obtaining financing there is no assurance that it will be able to obtain adequate financing in future or that such financing will be on terms advantageous to the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law. "

I'm sure as you are an experienced investor you will be aware that these statements appear in almost all audits, not as it makes much difference as we all from stories recently these statements are merely arse covering items!!
Therefore I wouldn't get too alarmed by them or take much notice of them if I were you.
As for cash, havn't we recently done a fundraising excercise? so nowt too worry about in my book.

As for the loss fairly irrelevant, depreciation nearly 10mil, restructuring costs £3mill, operating loss £1mill, the rest was writing down asset valuations, called, impairment, a technical accounting phrase meaning reducing the value of an asset on the Balance Sheet.

I must find the poster who got me first interested in this early doors today, took a punt mid morning in the 6's and recovered some losses from elsewhere. I will be staying put here however as the more I read up on this company the more I like it.

Mr T

Yesterday over 300mil today near 70Mil, some forward selling of placing shares here me thinks? seen this before also following a placing. Price needs to hold up during this which it did today, but, the last time I saw this once these shares were out of the way the sp dipped? In saying that, it was a distressed company raising cash to keep the lights on? so easy explanation there!

The story is different here so I expect the price to either hold or rise eventually and then it will be a case of awaiting the news of additional contracts and the last Quarter sales figures at the end of the financial year to see which direction this goes ?

Still a gamble at the minute and although I'm tempted to buy again, I will hold off and await the direction of travel so to speak watch the trading patterns and see if there are buyers out there ready to mop up said shares? By gamble I mean when and at what point to buy again, overall and looking ahead I still believe this will do quite nicely given time.

Good luck

Mr T

Miss G or is it!!!! I will leave the throngs to mull that one over:

However I had a roar at this little masterpiece:

"but I will always take these rampers and this company to task and here’s hopin you read the disgraceful ramping posts of the main cheerleaders here in the past week..right up to the point the bottom fell out of it.... when they then hid away.....that’s what let the people who lost money down...and for them I feel sorry. But I will take your feedback respectfully and try to be kinder to those who encourage others to loose their money.

That's what let the people, i.e. us!!, or could be them of course!!! who lost money down!!! run that by me again love would you! because frankly I can't make a head nor a tail from it I'm afraid!! too much sauce?

I've seen it all over the years on bulletin boards and serial posters who spend hours on end posting and posting and posting, rampers and derampers so nothing new here me thinks. Sometimes they are wrong sometimes they are right, spin the coin take your choice, let's face it one or tother has to be right, ramper or deramper that is!!! Usually you get a little band of them posting ad infinitum day in day out, night in night out, on their holibobs off their holibobs, at work off work, in the hospital out of the hospital, in a dark room, we all get the picture!! as I said nothing new or interesting.
It appears Miss G has some beef with the Coms!! and a certain Mr Breif or Breith!! who has resigned from this outfit and all of it's subsidiary companies a while back so why the vitriol? answers on a postcard please.

I hope thats an end to it now as it is wasting time trawling through the garbage, I suspect it won't be as a reply to me wil be forthcoming!! just say you don't agree with my thoughts thats all we need to hear. In the meantime lets get back to real world and have some sensible discussion regarding Toop. After all this is what this board should be about.

Come on lets have it!!!

Mr T

Rocker,
I would do normally, only this is not a little aim stock?

It isn't even listed on AIM!!!!

Mr T

People on here really do not understand investing I'm afraid, the main market is totally different to the aim market believe me. Aim is the junior start up market where the rules and regulations are flimsy, main market rules and regulation are much more stringent, read up on it there is a wealth of information out there.
What you should be asking is WHY did TOOP list on the main market and not AIM?? Now there is an interesting question. Hence also why the raises are substantial in monetary terms, doubt whether they would have raised much more than half a mil on AIM at this point in there growth???
Food for thought??
Mr T

Emil
Which eye was opened?
I am merely stating the facts of what has possibly occurred here, it makes perfect sense to me as I cannot believe such a discounted placing was being discussed in the first instance, can you? Really?
If the sp had been .070 when discussions and Ii's were being courted for funds I am confident that the figure of .030 would not have been acceptable by the nomad, I could wear .50 as a minimum but not at today's price. If the nomad did negotiate this then they should be sacked forthwith no arguments. Therefore my theory I believe to be more realistic. However we will soon find out I suspect, lets see where we go from here, if we go down to the placing price or below then I am wrong, if however we hold around these levels or move beck up then I am correct.
As I said earlier I think contract news will push this higher in the short term, the amount of stock in circulation will not be that great and will make the stock more liquid to trade so I don't se this as a negative.
Tome will tell!!

Mr T

Think you will find that was 2p a pop when the sp was 3.25p a pop!!!!

Remember this is a relatively new company so no surprise there.

By the way this is not an AIM company anyone who states that do not know their oranges from their apples!!!

Simple facts really and anyone discussing this company should really be aware of basic facts!!

Mr T

All
Just one point I would like to make here despite me buying at the wrong price I will point out that barely less than 2 weeks has passed since the sp sat at .30p!!!!! see charts
I would therefore suggest that this placing was on the table possibly around that time or even before, these take time they are not sorted on a whim in a day or two believe me, hence where the .30p placing price has arose from!!!! I would suggest a large placing such as this for a relatively new business would take 1/2 weeks minimum from start to finish, possibly longer??? food for thought?

The sp rocketed following the Major contract win 29 August 2018 I believe the placing was in progress at this time and hence the low placing price, but was it? I doubt very much that a new company in a growth sector would go with a placing at such a discount , yes maybe a serial capital raising company on aim may do, even then that would have to be a distressed placing in effect to save the company from going under. I can't think of another example of such a placing in particular on the main market unless the said company was facing bankruptcy, that clearly was the case here.

Therefore my feel for this is I believe correct and leads me to believe the placing was agreed several weeks ago and whilst negotiations were ongoing and share were being subscribed for the sp took off following the RNs on the 29th August 2018. Once the price for such a raise is agreed in principle then that can't be changed? The company was obliged to report that contract win as it was material to the company in respect of it's turnover.

I was always sure there would be a placing here and stated such publicly when some posters were talking bank loans discounting etc? that was never going to be the route taken by a start up business?

I will continue to add here as and when I can as I still think this will reverse pretty quickly, huge churn today! depends on what the II's think this is worth as to how much flipping we see over the coming months, listening to today's podcast though I believe more contracts will be announced and good news on sales especially in the latter part of the Company's financial year. All these news items should have a positive effect on the share price and more importantly the m/cap.

Make your own minds up!! What I would say is don't sell out at a huge loss, not yet in any case, plenty more newsflow to follow here me thinks and most from now on should be on the positive side.

Mr T

Evening all,

All looking much better here at the minute long overdue and long my it continue.

Mr T

https://audioboom.com/posts/7003080-anglo-african-oil-gas-aaog-block-energy-bloe-toople-toop-and-alan-green-on-fdbk-midw-ctea-adl

Make your own minds up!!!!

Mr T

Q
Your are wrong as you have been in the past my friend, yes there will be flipping over the coming months, but along the way hopefully contract announcement will offset this scenario. The company has a viable business, is relatively a new start up business, and now have cash enough to see them through to profitability. I see this as an excellent medium term investment despite todays news, I did expect a placing but I did not expect it so low nor did I expect the amount they have raised to be so high!, which I consider substantial for the size of the company at the minute and is why I see more contracts lined up.

Mr T
Mr T

Investinvalue,

Very interesting but as you say do not be influenced by posters, usually nobody knows who is who or what their motives may be. As you say research is key, even then you can get badly burned.
I have two investments which I was cock sure would this year bring true dividends, alas none of it. One is well down due to eternal hold ups in Africa, the other has a cloud hanging over it regarding one of it's cash producing assets.
I have dipped my toe in here today, had to trade three times to enable the trades to go through otherwise it went to NT! I like the story a lot here and having watched, studied and watched again I decided to take up some stock. I won't predict what or where this will go! what I can say with certainty is that after I bought the sp did not fall!!!
That's a rarity in itself.

God luck

Mr T

Invoice finance or factoring is reserved for company's with cash flow difficulties in my experience and is certainly not a route this company should be looking at nor do I think they will.
Should Toop need funds then a placing will be the route they will use, it will also make the stock more liquid as the current shares issue is very small.
I certainly wouldn't worry about a placing here as worse case scenario it won't be much lower than the current sp and could be much higher
I'm not a holder at the minute but I am seriously looking to invest as I believe this Company is one to follow and the sp. should be higher than it currently is based on recent newsflow.
Mr T

DVH,
Yes as you are already aware and I believe this is the reason for the stagnant sp. It is crystal clear to me and the market that the Cobre agreement is fundamental to the objectives of the company, without it the objectives won't happen without major funding.
Therefore I believe until there is clarity here the sp will drift.

Mr T

Upward movement on relatively low trades!!

Placing coming at .050p???

If so no brainer? is it that simple though?

Mr T

Interesting to note that every sale, alleged!!, I can see today was over the bid? well well over in certain cases?

Was that a sale at the end of the day? if so it appears that shares are required here which in my book is a good sign.

Onwards and upwards please Mr Market.

Mr T

Pickwick
Your not implying that someone has had the nod are you! surely not this is AIM!! tight as the proverbial it is too!!!
Although one or two nice buy's today but not enough to suggest an impending RNS.
In any case we havn't had one of those thingmejigs!! you know a 1 share a 10 share or 100 share trade!!! those are the ones that tell us there is news on the way??
Currently my shares must all meet up after trading hours to discuss how they are all going to drift down over the coming months just to Pi** me off lol. Tlou has done more than enough of this over the past few months, got to be time for about face, move forward, quick march routine, surely!!
Ah the joys of investing in Africa!

Mr T