Member Info for SunkenSailor

Our current mcap is one day of production from reservoirs this size, a long way from production, but it gives you some scale of the prospective resource that we currently own 78% of.

initial upside target from that charting feature is 0.7 above 0.37, personally hoping expecting much more upside to follow

Where is your money best invested? What is your GGP target price, and why is it going to get there quick?

Want gigantic oilfields is because they produce hundreds of thousands of barrels of oil every day.

ie, deliver circa $10 mil plus revenue plus per day, huge fields which deliver large daily production, make it good RVR for them to invest

Say they spend $2.5 billion to bring it into production, the initial investment is returned within a year, and the project swings quicky into massive profits as the oil keeps on producing

GGP £ 780 mil mcap proven circa £30 billion resource, and a half built money pit of a mine to get at it

or

GBP with a £160 billion prospect, that we are being told oil majors are interested in

And a gold prospect, with strong potential to be the same size or bigger than Haveron, the asset that drove GGP to over 1 billion market cap when it was was being proved as a resource

Shares are still for peanuts here, with the potential we are being told exists, and the newsflow we are being told to come - what upside is the GGP CEO telling you is coming soon? and what is the risk to the downside at GGP?

Prospective Resources (Mean Estimate) of 2,230 million barrels of oil in PEL94 licence.

unrisked prospective resource:

There is uncertainty that it will be commercially viable to produce any portion of the resources in the event that it is discovered. “Unrisked Prospective Resources” are 100% of the volumes estimated to be recoverable from the field in the event that it is discovered and developed.

Prospective resource

There is uncertainty that it will be commercially viable to produce any portion of the resources in the event that it is discovered. “Unrisked Prospective Resources” are 100% of the volumes estimated to be recoverable from the field in the event that it is discovered and developed.

Majors are interested in enourmous oilfields, buy sell do whatever you like, but I am holding

1 billion is 100 bags up from here. Which other stocks do you have where the CEO is telling you that?

I am hoping here this is one of those cases where is better just to accept what management say. RVR is great, I see this as a potential froghopper of a stock - well worth putting some of you cash here, if you don't have any stock, an absolute bargain still.

The record holder is the meadow froghopper, which has a jumping power 400 times higher than its body weight.

Typo!

It took 500% upside

That's right the major believes in the estimated 2,230 million barrel, $160 billion dollar resource.

That's why they want to spend millions on bringing a rig to drill on the liscence (including paying for our share of the drilling cost) to prove the resource is as expected with a "flowing well test".

So right now you can say, that we are currently the liscence operator with 78% ownership of a block. Which major oil companies believes has $160 billion of oil in. So that is why we are in such a strong position, we are negotiating with our current circa $120 billion dollar resource ownership!

With our market cap of £10 million - The market and lots of PIs have still not woken up yet to what we have here, I am amazed at people selling. - they have been finding enormous oilfields in Namibia, and it looks very likely that this tiny company currently owns 78% of one.

Drill and firm up an estimated 2.23 billion barrels of oil, probably next year, a major oil company is interested in Global (a microcap explorer) because of our Namibian oil asset

Which at $75/barrel has a potential resource value of $160 billion dollars - Global currently have 78% ownership.

Magic RNS today, but don't for one minute think you have missed the boat here - the 10 mil mcap remains tiny for what is on offer. The funding is sorted, it comes with the "commercial" farm in partner, they will provide back costs to Gloabal (likely a lump sum) and pay for our share of the drilling (free carry), in return for a fair share of our equity in the licence.

Once the farm in is landed, personally I cannot wait for the run into drilling, and the results of the flowing well test - this will be massive next year too

On a breakout the Initial upside from that charting feature is, 0.7 above .37 breakout, with a further potential for a residual move upto 3.4 (from the bags within the bowl 9 x the breakout level i.e 9 bags withn the bowl x the breakout level .37).

A major like Chevron or Exxon commercial Farm in partner, paying the bills for drilling on our 2 billion barrel Namibian oil licence next year, can drive that upside.

Risk vs reward here remains good, still tiny market cap for anyone who wants in - if we break above 0.37 anyone for 3.4

in January?

On a breakout the Initial upside from that charting feature is, 0.7 above .37 breakout, with a further potential for a residual move upto 3.4 (from the bags within the bowl 9 x the breakout level i.e 9 bags withn the bowl x the breakout level .37).

A major like Chevron or Exxon commercial Farm in partner, paying the bills for drilling on our 2 billion barrel Namibian oil licence next year, can drive that upside.

Risk vs reward here is good

I took some more on Friday for the trend reversal doji and the formation in the weekly chart, another doji today in the daily chart - all onboard that wants onboard?

Also sitting on the weekly bullish RSI uptrend line, the last time it bounced on that line it took 500%

Either project Namibia oil or Juno gold on a standalone basis, would support the m/cap, major upside catalysts to come, strong newsflow. - seems too cheap to me at this 7 mil mcap?

Yeah that does seem a pointless discussion

Food is food, and the stock market is the stock market.

Buy low sell high for sure, thats why I took some here on Friday

Global mcap 7 mil, Greatland mcap 784 mil hmm which to sell?

I have decided, keeping my cash right here thanks

I took some more on Friday for the trend reversal doji and the formation in the weekly chart, another doji today in the daily chart - all onboard that wants onboard?

Also sitting on the weekly bullish RSI uptrend line, the last time it bounced on that line it took 500%

Either project Namibia oil or Juno gold on a standalone basis, would support the m/cap, major upside catalysts to come, strong newsflow. - seems too cheap to me at this 7 mil mcap?

We certainly have potential oil and gold assets, which could drive the upside that formation could bring.

7 mil M/cap - for a 2 billion barrels Namibian oil prosect, majors interested, management still hinting that a farm in deal is being negotiated, Juno gold prospect in Australia.

Sell yours if you like, to those wanting in lower. But I am keeping mine, 0.23 looks like the resistance to break, to start moving back up.

Thanks Epen totally agree with you, there is always risk on any aim share, amd it could go further down, even make new lows, there is risk down and opportunity up . And your approach there to risk aversion is solid, being on a ride (having taken profit and your base investment out). But as you remain invested, for the RVR and huge potential upside that those of us remaining long here, are all waiting for.

But just to be clear then, what is the purpose of your post? You also say in your post, that you would like to buy more, so are you wanting to take back all or some of the shares you sold higher.

If my understanding of your post here is correct, then you are advising people that there are good reasons to buy, but it might take longer, so you say please consider not buying yet. You say maybe instead consider taking so profit (sell some, like I (Espen) did whilst you are in profit), Then I (Espen) might be able to buy the shares back that I sold, at the lower price that I am hoping for? - so Espen what is your target buy price on the downside then?

Lets see, hoping this is one of those cases where , it is better just - not to look a gift horse in the mouth

You had a narrow beartrap against the 2016 low of 1.52, but closed back on that support. I have another one on a stock, which took 3 bags up from a narrow bear trap like that, then fell again and ended up taking a second bear trap a bit lower.

Could be a good signal, along with the doji candle (indecision) in the weekly chart, which can often lead to a trend reversal, so for you it would be from downtrend to uptrend.

So, good luck to you here, for a decent turnaround, hope you get a decent rebound from that bear trap.

1. Major trend line break with volume, signifies a major trend reversal - the recently broken resistance line that runs through the chart peaks of 58p June 2018 and 31.5p May 2021

2. The long bullish up trend line in the RSI window, and the buy signal switches from red to green in the monthly, weekly and daily RSI oscillators - the uptrend is easiest to see in the weekly chart, consecutive SP lows with a consecutive higher RSI - (22/05/23 SP3.5 RSI 25.3 then 18/03/24 SP1.75 RSI 28.6 then 23/09/24 SP1.07 RSI 33.6)

3. The bear trap reversal chart set up, December 2018 SP1.75p low, current SP 1.8p

4. 50 day and 200 day moving averages buy cross in the 4hr chart - often a prelude to a daily chart golden cross

Three recent director buys at the lows

Ian Ritchie added 636,999 shares at 1.25 (£8k) to take his ownership to 0,51% of Tern

Albert Sisto added 1,441,481 shares at 1.25 (£18k) to take his ownership to 2.74% of Tern

After placing Iain Ross taking 1,100,000 shares at 1.38, investing £15k

Investors Chronicle and Wallet investors predictions for SP to rise

https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=TERN:LSE

https://walletinvestor.com/lse-stock-forecast/tern-stock-prediction

Good times a comin to GGP

or

Good times a comin to GBP

MH hardly posts on GGP anymore, tells a story eh, looking for a lower entry here with his GGP losses, cannot see him getting one - Exon, Chevron.... are more interested in 2 Billion barrels of oil than Haveron Shameron

Nice move NaughtyNeil!

Hoping you have good timing for a move up next week, I can see your trade of 5.3 mil showing as a black trade, not sure what that means.

I am also thinking about adding some more to my holding here, either tomorrow or early next week,