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TRP Tower Resources Plc

0.0125
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tower Resources Plc LSE:TRP London Ordinary Share GB00BZ6D6J81 ORD GBP0.00001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0125 12,879,327 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.012 0.013 0.0125 0.0125 0.0125
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -1.01M USD -0.0001 -1.00 1.06M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:51 O 76,923 0.013 GBX

Tower Resources (TRP) Latest News

Tower Resources (TRP) Discussions and Chat

Tower Resources Forums and Chat

Date Time Title Posts
25/7/202411:31Tower Resources, stratospheric RISER from 0.25p5,045
23/7/202407:36Jeremny Asher needs to RESIGN17
15/7/202412:01TOWER RESOURCES35,540
11/6/202409:29Tower Resources, stratospheric RISER from 0.05p3,161
03/6/202412:19The Real Tower Investors Thread13

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Tower Resources (TRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 14:39:530.0176,92310.00O
2024-07-26 13:02:050.0160,5757.39O
2024-07-26 11:50:110.01239,00031.07O
2024-07-26 10:45:190.012,364,966288.53O
2024-07-26 09:17:140.01192,30725.00O

Tower Resources (TRP) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Tower Resources Daily Update
Tower Resources Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TRP. The last closing price for Tower Resources was 0.01p.
Tower Resources currently has 8,443,981,022 shares in issue. The market capitalisation of Tower Resources is £844,398.
Tower Resources has a price to earnings ratio (PE ratio) of -1.00.
This morning TRP shares opened at 0.01p
Posted at 01/7/2024 10:29 by bionictroller
So TRP's costs for SA have been $13.7 million to date. TRP own 50% of the licence.

So if say TRP farm out half of their postion in SA they could get nearly $7 million of their costs back.

TRP would be them left with a 25% free carry in SA
Posted at 07/6/2024 14:43 by simon8
Whilst it is positive he has put his own money in it is also indicative there is no news in the pipeline on any front in terms of deals etc.. market rules would have held him in a closed period if he was privy to anything that may have a material impact on the share price - given his position he must know all that is going on in terms of farm-downs / M&A activity involving their assets or capital raising.

Hence the share price will drift again because he market now factors that in....

On the positive he is not the sort of person who throws his own money down the drain so hopefully there is a dim light at the end of the tunnel; I am well down on my small holding, but happy to let it roll... it may come good.
Posted at 03/6/2024 14:33 by bionictroller
No change to our SPECULATIVE BUY rating and 0.12p/share TP

Our 0.12p/share 12-month target price is based solely on the Core NAV assets and already embeds a c.£3m equity raise in 2H24 to strengthen the balance sheet. In our view, the current share price implies only token option value is being attributed to the Njonji asset ahead of realising a funding partner to participate in the drilling. Notwithstanding the 3M delay to the rig contract, the Company is moving towards getting the NJOM-3 appraisal well drilled in late 2024, which is expected to confirm the commerciality of the Njonji oil discovery and de-risk a future development.
Posted at 12/5/2024 00:09 by rajaster
"bionictroller10 May '24 - 21:15 - 4740 of 4742

so sell then and buy something else"

what words of wisdom, total genius, i have a plan with TRP and will be out without emotional attachment as i see fit. but i definitely wont advise anyone else to make any decisions based on what i think or what you do. Youve got deeper pocket so bought enough to become an insider so i dont expect much words of wisdom, but lets say your target of 0.15p+ materialises which i somehow doubt: 0.15/0.02(current buy price) then thats roughly 7.29 mean the market cap will need to be 28.41 million as it is 3.16 million right now.

now massively far fetched as long as they dont dilute further, i expect a pump at somepoint and at that point another cash raise that will be at a huge discount and the share price to promptly collase again. I dont expect anything material before the year end as its africa and delays are always common. The only thing guaranteed in all of this, JA continues to get paid(Ca..ching).. money bags

I say good luck, you say you dont need it lol. ok no worries, my points are to balance the argument. I dont care what anyone else does or doesn't do with their money or shares. But dont jump in thinking its all rosy, if you are willing to gamble(like i am doing).. dont risk the house and are willing to wait, then who knows.. ive held one or two i wrote off in the past that 20 bagged and much sooner then expected but the market has been very very tough since 2016ish time.
Posted at 09/5/2024 11:42 by ny boy
The Subscription will raise gross proceeds of £600,000 through the issue of 3,333,333,333 ordinary shares of 0.001p each at a price of 0.018p per Subscription Share, representing a discount of approximately 10% to the closing bid price of the Company's shares on 14 February 2024.

Jeez, how much of that dosh have they got left?🫣ԍ00;

More confetti sprinkles coming up soon 0.015p, no wonder is share price is languishing 🤔
Posted at 02/5/2024 12:18 by neilyb675
Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 50000000 TRP - TOWER RESOURCES ORD GBP0.00001

______________________________________________________________________

Buy 25000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0217p
Posted at 23/4/2024 08:49 by dicko80
*Reminder*

The share price Angel research note assumes 32% farmout for $10m

If this was the case the value of njom3 on a 100% WI would be $10m / 32 x 100 =

$31.25m

TRP retain 68%

$31.25m x 68% =

$21.25m / £17m

TRP current mkt cap £3m

Some 450% upside on the value of the deal alone



There after, leading up to the drill the share price should start to price in some success with it being an appraisal drill But further upside from the exploration element of the drill

35mmbbl prospect at 68%

24mmbbls net to TRP in the success case

@ $3 per bbl that’s

$72m/ £57m mkt cap

Trp £3m mkt cap

Then there is an additional 111mmbbls in other mapped leads , plus the larger deeper targets , to which no numbers in the public domain at the minute, which I’m sure will change

We also have multi billion potential offshore Namibia. & SA

We await updates on these also

All for £3m
Posted at 12/4/2024 13:33 by neilyb675
Buy 50000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0219p

Buy 60000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.022p

Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 61000000 TRP - TOWER RESOURCES ORD GBP0.00001
Posted at 28/3/2024 12:43 by bionictroller
RI

JA has only made you poorer if you sold your TRP shares today.

Why did you buy TRP in the first place ?

I and many others have bought for Thali to get drilled. I couldn't care less about the short term share price as of today.

JA has done wonders to get TRP were we are now.
Posted at 21/3/2024 20:44 by chinahere
Ha. Thanks bullrun1.

I forgot how diminished we are!

I have to ask though, what is your '0.01' ? is it a hundredth of a penny or a hundredth of a pound?

It is hard to calculate this share price isn't it !

(Hargreaves Lansdown can't cope with such a low share price, they can only do hundredths. lol.)
Tower Resources share price data is direct from the London Stock Exchange

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