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Tower Resources Share Discussion Threads
Showing 49376 to 49399 of 49400 messages
|Well Steinepreis has upped his stake by 1m shares, giving some hope to we loyal followers!
It's a good bottom cover!|
|Poor news that not many of us was expecting. Kind of shafted? But can't see why it should take a hit that size. After all, who knows when Morroco would concede defeat? It does slightly relieve the financial position I suppose.
Lack of real positive news is the problem here. Ie, it needs cash or a decent partner!|
|Still showing a 22% gain. But we could be about to be shafted....again!
But who knows, Asher has many friends in the right places. Let's just hope that applies to oil as well....for a change.|
|El Pumpo Dumpo|
|It's glowing in the dark I tell you !!!|
|Who will be our farmin partner?|
|But I do think friends of the co are looking to raise more cash...somehow.373;
Unless of course, they have a partner on the way!|
|There really are other issues here.I'm not going to spoon feed anybody.
DYOR above all.|
|Pump n dump in operation|
|Good to see the rise guys but apfindley is right to urge caution.
Don't get locked in to a cheap placing.|
|The rise is down to buying by people with either short memories, or who've done very limited research.Start your research by looking at the rns on the date of the last huge drop in shareprice.It dropped for a reason|
|Anyone know why the rise|
|Still here, hope eternal that's me.👉🏿;🙏🏽😇
And in for a few more!|
|Must have been my 20k capful buy this morning that sent it away.
18 months ago it was close to 50p - no wells have been drilled since .
Sub 4p its cheap -its takeover material arguably..|
|Here it goes !|
|LOL, not with this Mgt.|
|Can we do a MATD please! a ten bagger?|
|So costs cut down yet 560k still only lasts one quarter?|
|Merry Christmas trp'ers!|
|This gives some info.----------[...]. oh well in full -----------[...]has raised £1.03mln of new capital, through a share placing, and has told investors it hopes to bring farm-out talks to a conclusion.
It has agreed to sell 45.9mln new shares, priced at 2.25p, to what it referred to as ‘certain investors including some of our shareholders and directors’ through a non-brokered placing. The new shares represent some 60% of the group’s equity, after the placing, and the price is a 59% discount to Wednesday’s closing price in London.
The AIM quoted explorer is also launching an open offer to allow other qualifying shareholders to limited dilution through the purchase of new shares, and that would raise up to £560,000 of additional new capital for the company.
Tower is selling the new equity on hopes that the company can deliver a farm-out deal to bring in a partner for its Thali licence offshore Cameroon.
“Market conditions for exploration companies continue to be difficult, however Tower is fortunate in having generally low forward licence commitments and we are focusing the major part of our activity on our 100% owned Thali licence in Cameroon,” said Jeremy Asher, Tower Resources chairman.
“This licence offers genuinely low risk and near-term appraisal and development opportunities.
Asher also revealed that that the farm-out process is advancing as planned, with several parties showing interest.
“We are hoping to bring those discussions to a conclusion quickly,” he said.
“Our objective is naturally to achieve the best value, and we believe that this is likely to come from obtaining the maximum possible level of forward funding for the licence, including for the seismic programme planned to be acquired in early-mid 2017, with the best strategic partner.”
According to Asher the cash raised through the share placing will see Tower through to the first quarter of 2017.|
|Anybody know what the plan is here, all seems very quiet. I take it another raising will be required before any drill bits turn?|
|big Q is will Oil prices go up once the new US govt get to biz ?|