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Share Name Share Symbol Market Type Share ISIN Share Description
Touchstone Exploration Inc LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 72.50 72.00 73.00 72.50 72.50 72.50 42,854 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.9 8.5 1.8 40.0 154

Touchstone Exploration Share Discussion Threads

Showing 35651 to 35672 of 35675 messages
Chat Pages: 1427  1426  1425  1424  1423  1422  1421  1420  1419  1418  1417  1416  Older
DateSubjectAuthorDiscuss
27/1/2023
08:45
Good morning all, Cheers Wan :-)

fwiw, in my relatively limited experience at this game,,,

buffy, FA first, TA second for sure,, and the best chart pattern in the world can be devastatingly wrong when a very bad or very good rns is released :-),,, but these things do make sense in terms of sentiment, buying and selling patterns and so on,,, all in the past I grant you,,, but, if you consider the description of the falling wedge and then look at the chart it makes sense as to what has been happening,,,,

as for the future, if ones FA says Paul can get the wall of cash sorted and move on to drill many more holes in an area that should contain the prize,,, with no further share dilution, then yes, it makes sense that the chart will break out to the upside eventually :-)

if however, ones FA says he cannot pull it off, there will be rounds and rounds of fund raising coming and the people will keep selling,, then it makes more sense for the chart to break to the downside,,,

the chart is telling us that sentiment amongst buyers & sellers is not so far off a turning point,,, ie there's currently not much upside for buyers or downside for sellers and the wedge gets tighter and tighter,,,

what will trigger the buyers to come in, or the sellers to come in will be some news..... :-) :-)

that's my take on the chart anyhow fwiw :-) :-)

GLA
Cheers
Wan :-)

wanobi
27/1/2023
08:01
Thanks homebrewruss.

Buffy, I disagree with your last comment and agree with wanobi here. I said a few times over the past month that we need to break 85p. If that had happened, there would have been a break of the downtrend resistance level.
If you ignore the chart, then you don’t see what resistance levels are and what others in the market are thinking.

This is an opportunity to buy if you think 80p level will be broken soon….only a matter of time imho.

Why else would we be falling when oil price is rising and our gas price is fixed if it wasn’t for the chart? I think the chart has halted the rise for now.

By the way, with US gas prices at a 7 year low, ironically we should now be congratulating Paul Baay on the fixed price…..(said tongue in cheek)

hTtps://markets.businessinsider.com/news/commodities/natural-gas-price-today-demand-exports-texas-lng-russia-ukraine-2023-1

che7win
27/1/2023
07:53
So basically, despite all the nonsense spouted about Rorschach ink marks, sorry, chart patterns, it’s use as a predictor is functionally useless (certainly in small, relatively low volume company shares).

Do you agree wanobi?

Buffy

buffythebuffoon
26/1/2023
13:20
should say I fully expect it to break out to the upside as the story progresses, hence I'm not going to sell any,,,, just a question of how long before positive news causes that breakout :-) GLA LTH's Cheers Wan :-)
wanobi
26/1/2023
13:17
it's just a falling wedge chart formation hbr,,, I've just drawn it and not related it to anything fundamental,,, hopefully it'll break out anytime now and not go a lot further :-),,, I still hold a lot of TXP, so nothing would be better for me than to see this not play out to the full extend of the wedge,,,, but, for those who wish to add at lower prices, you never know :-) Cheers Wan :-)
wanobi
26/1/2023
13:08
Wan, what news do you think would take it below 50?
Is there also arguably an INVH&S on the chart?

homebrewruss
26/1/2023
13:02
FWIW - The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam...


free stock charts from uk.advfn.com


we shall see, GLA :-)

Cheers
Wan :-)

wanobi
26/1/2023
11:48
A9, there have and will always be delays, but this will have Casc in production some time in the next 3-4 months and generating 30-40m cash from that. A 10 fold increase over current revenues. Will the market play with the price over the next 3-4 months and after production, hell yes!
miltondad
26/1/2023
11:27
The rat trap... lower you entry price by wasting more money.!
a9neu
26/1/2023
11:19
The earnings and reserves will speak for themselves.A9If you were a numbers guy I think you would be buying more at this price.
ballymoss18
26/1/2023
10:15
Announcements are always late, good news seems to have a limited positive shift for no more than a few days. The graph speaks for itself.
a9neu
26/1/2023
09:41
Have you 'done the math' on the likely revenue, profits, cash flows for production by Jan 24?
king suarez
26/1/2023
09:38
As a nerdy math guy i'm all focused on a downward trend here. Forecast based on current performance is around 50 by jan 24. I'm in at 118 and adjusted my stop loss twice in 2022. Does anyone see anything positive in this?
a9neu
26/1/2023
09:20
Che7win, see post 34193, not competing and TRIN have only bid on one block.
homebrewruss
26/1/2023
08:11
Did they go for competing licenses or different licences in the latest bid round?
che7win
26/1/2023
07:27
TRIN news today:

"The proposed Jacobin well will be the deepest (9800 ft TVDSS TD) onshore oil well in Palo Seco region in over a decade. Located in the WD-5/6 Lease Operatorship area, the well will test a structural prospect defined on 3D seismic, with target reservoirs of Lower Cruse Miocene-age turbidite sandstones. The well will also intersect multiple shallower stacked reservoir targets."


Does that have any potential read over for TXP given it's the WD5/6 lease given we have WD4 & WD8?

sleveen
25/1/2023
08:24
They don't even know sbout the known unknowns sleven, imho.
dunderheed
25/1/2023
08:14
Those pesky unknown unknowns.
sleveen
25/1/2023
00:17
I doubt it the "management" don't know what they don't know, lol.
dunderheed
24/1/2023
16:32
Indeed, we should be getting spud notice for Royston ST-1 on or before Monday next week.
pro_s2009
24/1/2023
12:00
Worth a watch for new investors;https://youtu.be/DFUk3GomQw8
jungmana
24/1/2023
08:32
... yes, has seen a good rise off the lows
... a little breather now, and consolidation of the price, is healthy
... let the short term traders off
... and ready itself for the next rise into the upcoming drill phase, and completion of the cascadura works

red rook
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