Member Info for Torino

New board will be looking forward to working with this:

Global is in agreement with the widely held industry view that the drilling in the Orange Basin by Shell and TotalEnergies to date strongly suggests that Namibia has become a world class petroleum province, in terms of scale of likely resources.

The relevance of the Orange Basin discoveries for Global and its partners lies in the fact that the oil in the Orange Basin is interpreted both by the operators of the discoveries and the Company to be sourced from the Barremian-Aptian Kudu Shale. Work by the Company has demonstrated that this source rock is likely generating oil in and around the Company's PEL0094 Licence. In addition, there are further similarities between some of the reservoirs and trapping styles in the Orange Basin and those mapped by the Company in its Licence. Accordingly, the Company believes that the Walvis Basin, where PEL0094 is situated, also has the potential to be extremely successful, and has the advantage of much shallower water depths generally than the discoveries in the south.

The outgoing Directors, in order to assist the incoming Board with the conservation of funds, have agreed to waive all outstanding past and present remuneration and fees, including those relating to contractual notice periods.

AND

The team will also ensure financial prudence is at the forefront of any strategy devised and a focus on shareholder engagement is paramount.

Both of the above paragraphs are massive for this company as they look to get Namibia off the ground, where the majors have currently got exploration drills taking place around them.

They won’t be coming in just to be a lifestyle company, look at their CV’s!!! Think we can expect a big move north in the coming days and this makes explosive moves on small volume. Today’s rns is a game changer for this company.

8% copper is some serious grades, who does this have a market cap of only £2m?!?

As you say the clock is ticking and the deal rns could drop any day now. Once buying momentum starts here it will be hard to stop due to the chairman having 70% and a speeding ticket already issued.

Https://zakstraderscafe.com/the-week-in-small-caps-freezing-isas/8089/

Some of the excitement in an otherwise quiet week came from Sudan focused petroleum industry play, where it clarified its crypto plans. This came after an interview earlier this month. Actually, it was really having to explain why its share price rocketed. Of course, according to current stock market rules there is no compulsion to explain why a company’s share price has gone down. This is presumably because in current conditions many companies would be having to release a RNS every other day. As I have stated before, while we have such Marxist style rules on the London market, it is never going to be up there with the Nasdaq or the NYSE.

You just have to read posts from Cashcow22 in this thread, he explained how he turned £30k into £1.2million. The set up of this company is unique so any positive deal will see the share price go into orbit. Btw Cashcow22 predicted any positive deal this year could see a share price of 7-10p, and after his previous success I don’t doubt him. He also mentioned White Nile had a similar set up (also oil in Sudan) and I remember that going up some 1,400% in a day when it’s Sudan oil deal was signed.

I really appreciated your ‘Wcat explained’ posts from a few months back, it would be good to hear from you again. You really explained the unique set up of the company and its potential in a clear way. If you’re still in here, it would be good to get your thoughts on the potential deal before Xmas and what your price prediction is.

Sorry typo in my post ‘deal will be signed in 2023’ is what it should have said.

That’s only 20 trading days away and the ceo has repeatedly said in rns’s and in the recent interview a deal will be signed this year. Now he’s not going to call an AGM to talk about nothing, given he’s already stated a deal will be signed in 2024 and shareholders should expect a ‘happy Xmas’, that’s his words and not mine.

Now we know if a deal is signed this will be worth anywhere between 2p to 5p, and that’s just for starters. One thing the recent heavy trading had lifted the placing overhang, so expect people to take positions in advance of the AGM, because the reward level here is HUGE with what we currently know. I really do expect the price to go crazy and can see it hitting 0.5p in the coming days, and that’s before official confirmation of the deal.

Don’t forget he said they were getting the past scraps of data and should announce the deal soon.

You didn’t do your research.. That’s your problem

Their admin ‘Steve’ even suggested on a lse board a higher bid was coming. Got all the screenshots of his posts.

The group that had an admin that backed and even suggested a higher bid was coming from the streets of cork group of 14p. Ignore them, they are upset that they’ve lost a ton.

Best of luck, really hope it works out. BUT be vary cautious of any telegram pump.

Block what?!? The truth … happy to share screenshots if necessary…

I’ve also got the screen shots to prove it

Why did the telegram group not call him out? The admin actually encouraged him. All investors be VERY careful of this group.

Like he mentioned last bits of paper work being done, could drop literally any day now. Then watch the scramble to get in.

Same guys that accepted Streets of Cork and spread word of his 14p bid. Be very very careful and good luck!

One of the pics is from three days ago…what do you mean they aren’t recent?