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60 days there has been no objection from the Cameroon government so in theory now it’s a formality waiting for them to rubber stamp the deal.
If there were any issues with Beluga financing we would have heard about it by now within the 60 days.
Warebibo sounded pretty definitive in the Farm out RNS
Warebibo Soroh, the CEO of Beluga, commented:
"We are pleased to be associated with Tower's management team in the development of the Thali block in Cameroon. This investment fits perfectly with our strategy to invest in de-risked upstream assets, and supports the integration of our services from downstream to upstream. Our technical team has extensive experience in developing assets in the Gulf of Guinea and will collaborate with Tower in bringing the Thali block to first oil."
Just be patient and wait for the pieces to come together, massive upside if all goes to plan
I'm a long term investor here and really appreciated David going on Camera to answer some of the questions that us investors have, really appreciated David
Rather than listening to others about your investors, do your own research and make your own decisions and don't listen to others.
Taken the opportunity to top up this morning and will sit tight until Q1 2022 when hopefully we will get some MORE good news
Did he not say they are profitable from USD17 per Barrel upwards :)
Jumped in this morning and pocketed a quick £2k or so
Brilliant news but not sure the big rise will come anytime soon as from what I understand these off takes won’t start until around 2026 so no revenue until then?
However as a long term investment this company rocks but I’ll come back in when it settles down again and hold for the next 5 years or so when hopefully revenues will come in
GLA
They are gearing up to start manufacturing and distributing, not sure why everyone is so fixed about the USA?
USA population around 300 m and stats show around 18 M men with ED
China (Where we have clearance to sell) Population 1.4 Billion an 26% of Men have ED problems
Much bigger fish to fry there whilst we wait for the US to come on stream :)
Current treatments are either Oral medicines or Self Penile injections - Having this cream that you just apply before is a game changer to millions around the world
Strong hold and buy IMHOP
According to TDW interims are due TODAY ? Or estimated based on 2014 So news SHOULD be imminent !
Order Status Executed Order Reference ID82NV Date 24/07/15 Time 08:46 Stock Name GREA ENGI0 Action Buy Order Type Market Symbol GEL Quantity 124,256.00 Limit Price Price £0.008 Consideration £994.05 Commission £5.95 Stamp Duty £0.00 Levy £0.00 Total £1,000.00 Accrued Interest $0.00 Expiry Date n/a Settlement Date 21/08/15 Settlement Period T + 20 Market Currency GBP Settlement Currency GBP FX Rate Applied 1
124,256 was my BUY not a sell :)
http://www.brokerforecasts.com/companies/JSI Beaufort securities have given them a target price of 31p
Next set of interims due in August which should give us a real kick up August is Only a week away ! :)
Nice to see the volume too and this will go VERY VERY quickly soon IMO Nice to see this board has finally woken up :)
So so so so undervalued Expecting great things here when the MM's let it go, not even going to bother to give the reasons why, you only have to go over the past RNS to realise the level of profitability v M'cap is astonishing! Also check the companies websites "Leading Chinese manufacturer of doors!!" - How many doors do 2 Billion + people need :) OK so most of them have doors already but the construction still going on is monumental DYOR
Hence why we have a £1.81 Broker target but should increase as and when we start to get the other assets into production as well 46Mmbls of OIL PROVEN which they should start developing next is worth about $460,000,000 - Lets say 50% recoverable that means about £4 per per share !! lol
Closertogod - You've got it the wrong way around They get $50M in Their current Debt is $7.5M So they will be left Debt Free and cash of $42.5M or about £27M Quote from RNS; The proceeds after the expenses of the Transaction will be used to completely eliminate the Company's outstanding debt, which has an outstanding balance of approximately US$7.5 million. The application of the remaining net proceeds will be determined following the closing of the Transaction.
Plus all the other assets and 40 odd MMbls of oil proven waiting to be developed :) Should be £1+
Only about 10M in Free Float so even better
Skier - Great news and VERY hard to buy, correction to your last post there's only about 10M shares in free float :)
Logically it should be 15p + but we know what AIM is like ! Our Cash in the bank NOW is worth 12.5p !! Over all NAV is 23p + !!!! So well undervalued IMO DYOR
......is the day , not for the Scots but for TOPC Results of the rights issue due to be announced tomorrow and if successful they will go for a quick completion and we will have £2.8M IN THE BANK ! Fingers crossed
Its been a while since we've been updated so hopefully they are close to sorting it
Agreed, looking forward to it coming through