Member Info for Thornback

Well I'm pleased that the $2m is a loan and not equity as I thought it might end up.
Let's press on.....

I'm expecting the Good Dr to be taking another $2m's worth very soon at these prices.

If it is a conscious decision Winni (which I agree it is) then the poor SP only benefits the Dr and potentially the BPOPF as far as I can see.
If that is the case then it's very annoying so I don't want to think that, but I can't see any positives in a low SP apart from a buy back which obviously isn't going to happen.

Yeah fair points, I was hoping for more progress on the TL work and maybe more detail on the drilling.
Also I'd still like to see the Project promoted more with photos, presentations etc but maybe that's just maybe being impatient.
That said I feel us long time shareholders have had the patience of saints, seeing many others get bored with the story.

Mmm, left me feeling a little flat if I'm honest, I expected more progress and I'm expecting the good doctor to get another batch of shares at a favourable price.
Although Orapa was a long shot realistically I still thought we would have been in the running and hopefully are further downstream.
I will have to have another read of the RNS and digest it a bit more.

Hi Singhie, I'm assuming that the extension of the Maria discovery is to just tie up loose ends.
IF the sale is completed in less than 3 weeks time as detailed then the buyback can be put to shareholders in June's AGM.
So based on the dates everything looks aligned, well let's hope so, we've not got too long to find out.

Are we expecting the BFS this week?
Apparently it's just requiring Internal Approval.

Do we know when the Quarterly Report is due to be released?
Thanks

Hi GH, totally agree, 100% and I'm still baffled at the SP/MC but I think you stated that the wet knickered PI has little influence over the SP here, I still believe they do but we need II involvement (apologies if I have that statement wrong).
I was therefore disappointed to see the Newland's recently reducing which may have no bearing on the company's potential and something personal to them I will add.
I've been confused since I bought in 6 years ago as to why this isn't moving up.
I've absolutely no idea what the catalyst to get this moving North is, hopefully it's the next well being positive but as you know when we receive good news it's generally met with some scepticism.
There were 3 things a while back that made me question the integrity of the BOD but that's all water under the bridge now or do people not forget?

Agree with that Winni, as a LTH myself I am waiting for when TG exits and will look to exit myself at that point, unless something seriously good happens with the SP.

Cheers Winni, If a good Drilling Programme isn't the catalyst to get this SP moving then I'll eat my hat.
Gulp..........

Thank you Tardis.

I pretty much agree with all that's been written here, the reduction in salaries for the BOD was a big statement for me as are the groups of investors who now want to be involved.

The "Sophisticated Investor" raise was very disappointing and so is the SP but I still believe this will come good and we little PI's will be dragged along and gain some profit along the way.

Thanks Winni.

Smallfish, I don't think any of that is true tbf mate.
I think it was a really poor move by the company and it's ****ed me off, but they believe there could be more financial support for the company going forward from this group. I'll give them the benefit of doubt this time but will change my outlook on them should it happen again.
We already have a good deal of funding and I sincerely think there is more to come from the Doctor and the Pension fund so I don't class it like Sirius. However I also expect the Doc and BPOPF to pay a reasonable price going forward but that remains to be seen.
I'm just hoping we can get some positive drill news soon and we can push on from this ridiculous SP
Just my opinion mate.

Hi Winni, I'm not a premium member and so can't pm you, I also don't want to plaster it on here for obvious reasons.
Hope you understand mate.
The website shows
contact@tlouenergy.com

As expected the RNS went down like a lead baloon with the boys in Oz......

Well it's clear, for the buyer it would be cheaper, as for the company I can't see a benefit to a low SP unless they were looking at a buy back which they aren't.
They really need to get this SP moving up....

Hb2, see below mate.

I had a reply back from the company and basically the company believes the new shareholder could lead to significant further funds down the line.
They have been very eager to get into the stock directly for quite a while and this has been carried out via this small raise.

Don't forget the "Good Doctor" and Pension fund will be back for more no doubt as may our new friends the Sophisticated Investor.
I'm now questioning why this Project hasn't been promoted more given that we are so close.
I would be shouting it from the rooftops if I was on the BOD.
Is this lack of getting the message out intentional to aid in the low SP..?
I shouldn't be thinking like that but this morning's RNS has made me think that.
As already said tho, these groups are here to make money so I'm still expecting good things.