Member Info for oilmanmike

So you got in Ben well done
next stop 1p

vol now 40m a 10m jump
fun and games.

same as yesterday playing games.
Bid was dropped to 0.60p to flush
out any sellers. a couple of trades later
all of which were above 0.65p and the bid
is moved back to 0.65.
I do not have L2 but am trying to find
out how many MM make the market in TRP.
Anybody know the answer!!

tight spread 0.666p to 0.688p
30m trades so far today.
Still waiting for major news.

agree with all of that oil spec just saying that a small placing to finalise drill would be a big positive here instead of the usual drop in price. Have been in a couple of stocks where that was the case.
Win Win IMO.

all true bond but a small raise now would be a Hugh positive here as it allows drill to happen
and we retain a bigger share of what is nearly a dead cert. Not all placings are bad news.
MM short of stock here toby works in an MM troll factory but too thick to realise it is the move
up that will allow us to move forward here. Funding for the remaining portion of the well of £3.5m
would give us an extra 14.5% of 18m bbls at £5 a bbl, so £13.1m extra or 1.2p a share on top of what we stood to get by farming down to a 50% share !!!!

A placing for drilling now will set this alight.
It will be at a premium to market price and it
will mean TRP retains a bigger share of the
Cameroon project than would have otherwise been
the case. The drill unlocks £90m of oil reserves.
Then we can use reserve based lending to develop
our larger share of said reserves. Asher is no fool
This is exactly what he will be doing IMO. An obvious
solution to the current impasse.

@ 0.35p it was always a win win.
Question is at what sp is it a win lose and finally a lose lose !!!!!!!
LoL

must say I agree whole heartedly with the above 3 posts.
Same happened in Rockfire which went from 0.35p to
2.3p with a very similar level of free float and similar trading
pattern pre RNS. Then it was a 3 day frenzy. I 3 bagged there
another one here and the total in 9 in one month.

it won't .... us up because we retain a bigger than otherwise % of what appears to be a near dead cert. I am saying any small placing to finalise drill will be a good positive IMO =2p

yes saw that but ignored as has happened a lot recently.
However there seemed less of a reason to move this time.
2 Q's I suppose digit4gold was already taken and do you specialise
in gild shares ?

If there were to be a placing to fund the balance of the drill this is very positive and possibly what has been driving the price upwards. First of all I believe any small fund raise will be at a very small discount or even a premium. As far as we know the is a small balance say £3.5m needed to fund the drill as we already have two other independents interested and are waiting to get the difference.
If TPR raises any money now it will only be to get the drill up and running (+ for sp) and we will end
up with more than we otherwise would have if we raised all the cash from partners.
I would expect any fund raise news to be accompanied by a statement words to the effect that TRP
is fully funded for the drill. At 90% GCOS this drill (an appraisal of existing discovery) is as close to a dead cert as you can get. Asher has backed it with £1m of his own cash and so if he decides to raise
a small amount to retain a greater % in the project I am 100% behind him on this

Probably a MM paid monkey up to no good

Still got the placing money from sept 2019 for survey and running costs.
Farm out will pay for the drill.
Stop spuoting nonsense will you.

the fact that drilling would be confirmed would far outweigh a moderate increase in shares in issue
A placing now would be at a premium if it led to the drill.

Essex if you have L2 can you please tell me how many mm in total make the market in TRP
TIA

you got L2?
wondered how many mm in total

0.7p smashed

and trending big time
2nd there

nm.