RE: US$15,000,000 + US$4,375,000 π Tower Resources-Pegasus has wingsβ¦11 Jan 2025 10:17
So, the short -sighted nature of investors/traders is staggering at times. TRP has been looking for a farm out partner for Cameroon for donkey's years. There have also been years of reports and volumetrics etc on SA and Namibia. Low and behold JA did finally deliver and not just one but TWO farm out deals yesterday. The initial rise did get sold off but buys still outweighed sells by a distance, so in my view MMs collected a lot of stock. They know, and everyone knows, that TRP is in play. It is now on course to drill the Cameroon well with a serious player. Namibia is now de-risked and did you notice in the interview that JA was quite coy about South Africa farm out. That could also land at any point. Much happier in than out and would imagine a significant move up next week. GLA