Member Info for SageAIM

Think that's a good strategy, dyor gl all

"Tangiers Petroleum (TPET.L, 2.38p) – Speculative Buy Tangiers Petroleum announced a proposal to raise US$1.2m through the issue of 200 million shares at US$0.006 per share. The proceeds are to be utilised towards working capital management and appraisal of new ventures. However, the proposal is contingent upon the approval of the shareholders. Next week, the company plans to unveil operational updates and future strategy, and resume the trading of its shares. Beaufort view: Tangiers’ proposition of equity infusion is likely to provide substantial financial leverage to the company to explore new ventures and meet its current capital obligations. Despite the failure of the TAO -1 well earlier this year, we remain optimistic about the other permits in the world class Tarfaya Block prospect located in Morocco, adjacent to the proven petroleum system of Cap Juby Oil field. The share price has plunged 83% in the past one month and has now placed the company at attractive valuations. With the half yearly results to be released soon, the stage is set for a major rebound when the trading resumes in the coming week. In the light of these and the company’s prospects in petroleum rich areas, we maintain a Speculative Buy rating. " Dyor, keep faith, gl all

lifted??? Any guesses?? Fingers crossed, Keep faith, Dyor Good luck all.

Well said GrahamW Think many PIs will be scared to invest at the moment as Sp in in uncharted territory and the fact that there are more negative comments then positive on this board. Hopefully, if BODs are caring, they will release a decent news to boost the Sp soon. Dyor Gl all

And finally........ "Proactive: Finally, one month ago to the day, you became MD. How is it going? DW: I think that it's going well. The guys internally have done a great job in keeping the ship afloat whilst there has been no board in place. Now that we have a strong new board, we are very much focused on pointing that ship in the right direction, and we believe that we are accomplishing that." Remember fellow holders that the "BODs are very much focused on pointing the ship in the right direction!" - Hopefully that direction is upwards! Lol :) Dyor Gl all

"Proactive: Your market cap seems comparatively small, given this large working interest and large prospect size. Why do you think that is? DW: Well, Tangiers has been through a recent failed merger attempt, as well as board upheaval, and was constantly suspended from trading for over two months. This two month period is normally the time that promotional activity is undertaken, increasing a better awareness of the significance of the upcoming drilling and the potential upside associated with something as substantial as TAO-1. Unfortunately, this was not able to be done. It's also possible that investors have been sitting on the side-lines whilst waiting for the air to clear. The well costs may also have surprised some, and that it did necessitate the requirement to raise some capital. Now that the new board is in place and the capital has been raised, we hope that our share price will start to reflect a more appropriate representation of the upside potential, as we believe that this heavily outweighs the risk associated with the impending drilling." "Your market cap seems comparatively small" - Timeless line! couldn't make it up lol Dyor Gl all :)

"Proactive Investors: Can you explain why the extra funds were needed? DW: The TAO-1 well is scheduled to start in mid-to-late June, and was recently confirmed by the operator, Galp Energia, to have a budget of costs of US$75m. Now, Tangiers is free-carried for the first US$33m of that well, but then contributes a third of the costs above that, meaning that if the well does cost US$75, our share of that is likely to be in the order of US$14m. This is roughly equivalent to our funding capability, prior to raising any money. So I guess that explains why we needed to raise some money. Now that the raise has been completed, we're fully funded for the planned costs, and protected, to a large extent, in the event that there is any overrun. We believe an overrun is unlikely, due to the shallow water that we're drilling in - only 105 metres - and we're using a jackup rig, and due to the substantial well control in the region, which means that the sub-surface drilling conditions are very well defined. We're confident, based on the planning to date, that Galp will deliver a high quality operational outcome for us on TAO-1." I guess Galp did deliver a high quality operational outcome! lol Dyor Gl all :)

That on Wednesday BODs will announce on Wednesday that they are disputing the costs with Galp, Placing done at heavy discount for working capital and to just get by till the issues with Galps are resolved. Here's hoping Dyor Gl all :)

Dyor Gl all :) "Tangiers Petroleum (LON:TPET) had its speculative buy rating reissued by analysts at Beaufort Securities." http://www.mideasttime.com/research-analysts-ratings-reiterations-for-september-22nd-aal-aapl-adm-afr-agy-amec-aml-anto-av-axs/220868/

On 17/09/14 before placing at 26.50p with mcap of £4.21million, MPOW was priced in for uncertainty/going concern and most of the bad news was out. So considering that they now have £3.5million of cash to implement their new strategy and are financially secure, the new Mcap should be based on the newsflow and the new strategy. At 7p-8p is likely to be the bottom and any news flow/postive updates should move this up, considering traders interest and low share capital. Dyor Gl all

And what if it went to 10p-12p pence, Dyor Gl all

Ignore Mould, Dyor Gl all

Dyor Gl all

Wondering whether the BODs managed to get such a large cash due to the following new partnership announcement. Dyor Gl all MOPOWERED AND TIME INC. UK ANNOUNCE NEW PARTNERSHIP http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MPOW&ArticleCode=ilpuzfj2&ArticleHeadline=MOPOWERED_AND_TIME_INC_UK__NEW_PARTNERSHIP

would take the mcap to £17mil, which is what it was back in Apr 2014 at Share capital of 15.9million. Dyor Gl all

Question is how much free float there is and how much stock MMs have, Dyor Gl all

Dyor Gl all

Think most sellers were gone near 7p so the downside is probably 10%-15% and the upside, who knows where MMs want to take this 10p, 15p? Dyor Gl all

Dyor Gl all

UPDATE - MoPowered has foundation for revised growth strategy, says N+1 Singer http://www.proactiveinvestors.co.uk/companies/news/72478/update-mopowered-has-foundation-for-revised-growth-strategy-says-n1-singer-72478.html ""A revised growth plan has been implemented with a reduced cost base, re focused sales team targeting more profitable midmarket clients and improved contract pricing." The analyst also noted the group was planning to acquire app building technology, through the Cortana acqusition for a £200,000 consideration. Stormont said the broker believed the share placing would see the group through to profitability. The firm reported a 39% increase in revenue to £753,204 in the first half compared to £543,762 in 2013, of which 55% (2013:53%) was licence fees, transactions and recurring revenues." Dyor Gl all