Member Info for rossannan

Hardolestation - so are you saying specifically that TXP has insurance that covers it for its $10M+ funding gap? That would be price sensitive information that the company hasn’t deigned to share with the market, so think very carefully before you answer.

“the most useful contribution is the poster who has taken the time to engage in correspondence with the company and is willing to share this here”

I would argue that this is in fact the most dangerous contribution.

Johnoxxx - dare I suggest that my TXP opinions have a better track record than yours? Do you not recognise the validity of any of the three points I am making?

sirmark

it is very easy to get aim shares badly wrong over any time period, long or short. at the end of 2021 i felt about ptal and jse something similar to what john2727 felt about txp with his “any sort of share price target should be £3 to £10 on a two year view.”

since then ptal has been a solid performer but jse has been an absolute shocker. and if you had asked me about three weeks ago for a core investment in my favourite sector (gold mining), i would definitely have pointed you at ggp, then 320p. it is 242.5p today.

my point is that pis must at least try to avoid three big traps that aim companies set for them, and txp is such a good example of those three traps.

the first trap, as i said before, is treating bod aspirations as predictions. if you speak to txp they are not going to offer you exclusive, valuable, insights. they are going to tell you what you want to hear. in a sense, that is their job. you can have more confidence, maybe, if they have put their money where their mouths are. the txp bod have not.

the second trap is *** packet cash flow and profitability calculations based on limited financial information - i think you are falling into this one too. look at the way these calculations pepper the txp bb - pis love them - and yet these calculations are never (and i mean never) then vindicated in the audited accounts - it always turns out that something significant has been missed or misunderstood.

the third trap is misunderstanding, or even just ignoring, risk. for txp the existential threat to shareholder value is undoubtedly the debt. you must see that not much more has to go wrong for this level of debt to see the current shareholders diluted towards oblivion while almost everything has to go right if txp shareholder value is to grow in the face of this debt burden.

all the best

ross

It was an attempt at humour. I’ll get my coat.

Sirmark

Stas20 has nailed it - you are ignoring the debt/funding elephant in the room. You have no idea which way this will go. Some kind of resolution is needed and the chances are that it will be dilutive.

For anyone who has let sirmark talk them into buying TXP and is now sitting on a significant loss, there is a process that may offer some measure of justice:

https://honours.cabinetoffice.gov.uk/how-to-nominate/forfeiture/#:~:text=If%20you%20have%20evidence%20to,their%20honour%20should%20be%20forfeited.

Hardolestation

“Ive spoken to the company numerous times and have clarity on the situation”

Great, please tell us more about this insurance then.

Hardolestation

“Im aware of the company that representing TXP and they are top of there game, il let them sort the insurance Ross wile you make things up”

Please tell us more about this insurance.

Hardolestation

“and now we claim the insurance if they dont put it right”

Please tell us more about this insurance.

The Q2 announcement is due soon, certainly, but why do we think tomorrow’s the day?

G_G_G

“I imagine we'll get the whole - we cannot discuss blah blah at this juncture due to legal reasons blah blah.”

No, they’ve already dribbled a take on all this out via e.g. John2727. They will have to either stand that take up in the Q2 RNS or modify it. Evasion is no longer an option - if it ever was.

They will have to update on other matters, whatever stage they are at.

I think the investing world would like a new BoD.

That has certainly blown the doors off. If silver even just regains recent highs there should be another leg up.

Hard to disagree with wakeyinvestor, I’m afraid.

G_G_G

Not sure they have any shame. But for good or for ill the situation should become a lot clearer when the Q2 results emerge, presumably within the next couple of weeks.

Which was more helpful?

This post?

John2727

Posted in: TXP 13 Dec 2021 16:41

Price: 113.50

So excited for 2022

The stock market reaction to the second test has provided a monumental buying opportunity for new investors. The importance of finding oil at Royston instead of gas has been totally overlooked. By July next year we could have 3 oil producers from Royston on stream, Cascadura on stream and the often discussed ‘wall of cash’ quote would come true. If we are really fortunate both Royston deep subthrust and Kraken could also be a discovery by then. Already discovered resources easily covers the current market cap and more, several fold upside through drilling comes on top. Any sort of share price target should be £3 to £10 on a two year view.

Or this post?

John2727

Posted in: TXP 10 Jun 2022 23:48

Price: 86.50

PB is now looking like the cat that got the cream

TXP is now a lifestyle business set up and run by its founders primarily with the AIM of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle while us share holders just watch our investments pay for it. 

If the 15th of June goes by without substantial news then SP will collapse!!

Whouse

Maybe it was an inverse Winnifrith thing, what with TW saying this evening that TXP “looks totally screwed”.

John2727

“As always, once I receive a reply, I’ll post the full response here and on Discord for all to read - no spin, just the info for everyone here who actually own shares in TXP.”

You are doing your fellow PIs no favours. Characters like PB share their aspirations with PIs through whatever channels they have. Most PIs then take those aspirations as predictions and lose money accordingly. If those aspirations were actually predictions you would of course see PB putting a decent chunk of his substantial salary in here. Inserting yourself into this foul process is not a good look.

John2727 - holding rampers like you to account is just a hobby.