The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Forget all those who got their entry wrong or are non-believers.........Dicko80 sums it up perfectly in his post today at 12:33. Huge chance of multi multi bagging here.....
https://www.youtube.com/watch?v=AKOkMdXWLjM
Tower Resources Chairman & CEO, Jeremy Asher, commented:
"Signing the Rig contract is a significant step forward in the development of our Cameroon assets and moves us toward spudding the NJOM-3 well in 2024. The Norve Rig was chosen both for its high specification and its anticipated window of availability.
"Our next steps will be to finalise the documentation of the Thali license extension with the Ministry of Mines, Industry and Technological Development ("MINMIDT"), and to move our farm-out discussions with multiple parties towards a conclusion, we hope during the first quarter of 2024. As we have explained in the past, our plan is to fund the well primarily with asset-level financing, and we still believe that is realistic.
"While we finalise the farm-out discussions, we have chosen to raise a small amount of capital of which I am investing GBP80,000. We envisage that the majority of the remaining well cost will come from asset-level financing. I have chosen to participate in this fundraising myself, as I have in several of our previous recent fundraisings, reflecting my personal commitment to this project and my confidence in its success."
WOW
On 6 October 2023, the Board received a non-binding proposal from a US-listed investment company (the "Possible Offeror") to acquire the entire issued share capital of the Company. The proposal comprised a cash offer at a level of 68 pence per share in the Company, paired with an alternative pursuant to which shareholders could elect to receive US listed shares in the Possible Offeror for each share held in the Company, with an exchange ratio to be set at a point prior to any firm offer announcement to equate to a value of 76 pence per share. The proposal was unanimously rejected by the Board, following which on 27 November 2023 a second conditional and non-binding proposal comprising a cash offer at a level of 72 pence per share in the Company, paired with a share alternative offer at a level of 78 pence per share was received. The Board agreed to provide the Possible Offeror access to confirmatory due diligence. Prior to accessing such information, on 11 December 2023 the Possible Offeror notified the Company that it would be withdrawing its proposal.
775k whopper of a buy
From ADVFN (cszjrh2).......Happened to spot this earlier in the week that it looks like the Interval Fund has had a substantial in-flow of investment: hxxps://ftcloud.fasttrack.net/web/chart/AAACX
Recently the AUM level has been around $3.8M and now showing $19.51M so it looks like marketing and engaging with RIAs is really starting to reap rewards.
I'm expecting positive updates from the company over the next 4-8 weeks - acquisition underdoing due diligence, 3p warrants expire in a couple of weeks etc.
WOWOWOWOWOWOWOWOWOWOWOWO
FULLLLLLLLLLLLLLLLLLLLLLL ASK BABY
UP AGAIN
TRP bubbling away nicely today
FAO: speedygon
"Stalin - i wish i could see your face when this drops below 10p today"
Would you like to see my grinning / gurning / delighted face now - with my fat profits. Have a nice day !
18 AUCTION
UP WE GO
Great point, liquidity in excess of 75 million, m/cap 85 million.....PLUS MULTI BILLION POUND CONTRACTS. This company is undervalued and will re-rate today IMO.
Great point, liquidity in excess of 75 million, m/cap 85 million.....PLUS MULTI BILLION POUND CONTRACTS. This company is undervalued and will re-rate today IMO.
Great point, liquidity in excess of 75 million, m/cap 85 million.....PLUS MULTI BILLION POUND CONTRACTS. This company is undervalued and will re-rate today IMO.
Great point, liquidity in excess of 75 million, m/cap 85 million.....PLUS MULTI BILLION POUND CONTRACTS. This company is undervalued and will re-rate today IMO.
The Board is examining a range of strategic and financial options with the objective of materially strengthening the Company’s balance sheet, securing bank guarantees and improving short-term liquidity. A key aim of this review is to protect the interests of Petrofac’s shareholders, creditors and employees while the Group continues its focus on safe and effective delivery for its clients.
Management has been making progress in organic actions to unwind working capital, collect receipts on ongoing and new contracts and to unlock long-outstanding commercial settlements. In addition, Management is considering the sale of non-core assets, and is actively engaged in discussions with financial investors to take a non-controlling position in certain other components of the business portfolio. As part of an overall plan, these transactions would result in a material improvement on the balance sheet. The Company is also exploring potential new financial options across all its classes of capital.
BURN SHORTERS BURN