Member Info for Zendog

Is JA's Q3 / Q4 financial year? I'd assumed so; he means October - December = Q3; January - March = Q4?

The SP is drifting down because profitably seems to ever drift into the future, never holding to a timeline so as to come closer and be achieved?

...warrants are paid for by shareholder value dilution. That is, we are paying Archer et al.

Are we ever going to get a return? Or, just lose all our money, diluted away until the company folds completely?

A rig for Q3 already looking unlikely as funding and contract will surely need to be in place very very soon if not already to meet Q3. So looks like the 'dream' will drift on until Q4

The real problem is, at valuation of only £3.2 million, how can TRP raise the £10 million + it needs for the Cameroon drill?

The SP drifting downward as Avacta still years away from profit?

How low will it go? 80p?

For on the ground action in Q3, announcements confirming finance and rig will be needed very soon.

Big positive announcement ahead of AGM on Monday ?

Or, perhaps more likely, a load more waffle about Q3 / Q4?

Yes, also eggs.

My - hit 0.044!

More seriously, what chance of positive new s before the Annual meeting?

If not, JA should attend the meeting fastened in stocks, with rotten veg/fruits provided?

JA (ref YouTube interview) is convincing in knowledge and sense in presentation but we're very much at the stage of action speaking much louder than words.
It is the final chance to deliver.

The April 27th technical update seems to demonstrate good further appraisal that has genuinely de-risked the intended well in terms of location choice.
For the opportunity potential, this share is still a good punters punt , especially at current price and up to maybe 0.25 p, as there'd still be potential for SP above that if the well commitment is confirmed and, further boom if it is successful.
On the downside - the licence risk - will it be renewed by the Cameroon Authorities; the finance - will it ever be put-together and committed (but "multiple options" adds hope); the rig and timing - are they able to get one within the nine months.
I'm going to hang in here on hope that this will all come together over the next 3- 6 months for a firm drilling commitment within their "nine months" .
But it's the last chance for this company. They will not have any credibility whatsoever (of any type) if they don't delver this now.

Might the first few days of the new financial year be a cause for hope for the Cameroon financing?

If you look at the history of AS's proclamations about commercialization, you'll find a trail of over-promising and under-delivery.

But we live in hope.

I must be mad, bought another £ 1k worth.

If TRP doesn't soon confirm the Cameroon drill will be done by end of May, then if we've got any sense we'll all bail out of this company before then, never mind Christmas.

I'm hanging on at present, risking a bigger loss than I've already got here but, nerve is really fraying now.

Explode? Or implode?

I'd settle for news that the Cameroon finance is secured, the drill rig is booked and drilling will conclude comfortably before end of May.

Hopefully there can be a positive update on the India income soon, confirming the forecast of £14 -15 million per year coming in month by month from now on, including this January? Such confirmation should send the SP securely upward.

The earth keeps turning , the days keep passing and the May deadline for the Cameroon site gets critically closer.
If finance is not sorted well before end of February, getting the drill done before the May expiry will be looking impossible? So, Tower is really entering the last chance saloon for this and any remaining credibility of JA.
I hope it comes through to prove I'm not stupidly over-invested here.

Oh yes the house - I guess Al will be able to the house for a bigger one soon, while the SP sticks in the backwaters.

Mr Ripley I have merely made a valid point about how this company's statements may be seen by the wider market of traders outside this somewhat biased chat board.
I'm hopeful of big things from the company but frustrated with them.
Your big AL DOES still has some questions to answer about the Covid Test fiasco.