Touchstone Exploration Share Discussion Threads

[grannyboy] 24/10/2017 11:05

Glad I topped up other day..all looking positive..

[john henry] 24/10/2017 11:04

Hopefully they will be out fairly soon Shrewd.

[shrewdmole] 24/10/2017 10:45

I couldn't get filled in £2k earlier!!
Once the last of the placee is out it could fly

[mount teide] 24/10/2017 10:38

Not much stock around this morning from the behaviour of L2

[someuwin] 24/10/2017 10:28

...Spot on.

Bags of upside here.

[wheniamfree] 24/10/2017 08:30

TXP £14m, CERP £37m, TRIN £52m. TXP on fundamentals sits in the middle yet is valued at less than CERP who have less reserves and a third of TXPs production! Already cash flow positive here also, stupidly undervalued.

[mount teide] 23/10/2017 15:23

Currently want 14.7p for 50K

[someuwin] 23/10/2017 15:13

Can't buy £2k online now.

[che7win] 23/10/2017 15:03

Agreed MT, He has the experience and inspires confidence, also not afraid to talk frankly which means a lot to me.

[mount teide] 23/10/2017 14:46

After the June London listing, considering the fundamentals of the business and valuation gap compared to Cerp and Trin, the TXP management must of been scratching their heads at the low level of retail investor interest.

Just three posts on the TXP Advfn thread between late June and early September!

However, that changed in early October and, if last weeks presentation and Q&A session is a reliable guide, i suspect Paul Baay should come across very well in the City with the upcoming PR campaign.

[john henry] 23/10/2017 13:53

I looked at these a while ago, but being listed on the Toronto exchange i didnt bother investing.

[mount teide] 23/10/2017 13:24

Jh - indeed - seemed like there was more life on Mars than on the TXP board during the summer.

Took another 78.7k @13.82p - that's me now finished - 1.1% @ average of 9.19p

[john henry] 23/10/2017 12:52

MT at present the market is pretty oblivious to TXP. With a MKT CAP of 15M its pretty much under the radar.

[john henry] 23/10/2017 12:49

MT the interview and Q&A session was excellent. Crazy valuation here.With a full 2017 -2018 programme i can see the share price 50-60p mid 2018.

[mount teide] 23/10/2017 12:36

JH - that's what makes a market!

Those still accumulating will probably not be complaining - after the presentation and Q&A session - on what i know now, consider this one of the most outstanding value plays in the sector!

imho/dyor.

[john henry] 23/10/2017 12:06

Looking at the 3 delayed trades City Financial are still dumping stock.

[che7win] 23/10/2017 11:54

A bargain MT, we are well below Canada closing price here.I haven't sold 1 share here, still in accumulate mode.

[mount teide] 23/10/2017 11:33

Offered 120k at 13.8p this morning - took it.

[jungmana] 22/10/2017 22:15

I would be happy with that. Being dual listed can be a drag on a share as gives a way out often to market makers. Most of the trading is on AIM.

[someuwin] 22/10/2017 20:30

Yes - very good presentation.

I notice that several times he suggested that there's little appetite for micro cap stocks on the Toronto market. (backed up by the low volume of trades that go through on TSX:TXP). I wouldn't be surprised to see them drop the dual listing and exist purely on AIM. Which would be a good move imo.

[wheniamfree] 22/10/2017 11:28

This is not even close to the booked value in the ground let alone the production coming from the field - in comparison to TRIN we are now valued at less than a quarter of their MCAP.

[deeppockets] 22/10/2017 09:21

Just watched the whole presentation. What's not to like? Steady increase in production, cash flow positive already, re-rating started, only possible downside is oil price which looks ok in short to medium term.

[grannyboy] 20/10/2017 08:27

Mega RNS from ZEN this morning..looks like they could have a couple of gusher wells on the way..To say the COO is well excited would be an understatement!!!!

[wheniamfree] 20/10/2017 07:46

That should drum up some interest, line them all up and spot the bargain.