Touchstone Exploration Share Discussion Threads

[jungmana] 20/12/2022 00:40

Got to laugh;
"I know it seems ridiculous but I'd be selling right now if I had any left. "
Then next
"I'm waiting to buy some here but not just yet."

good luck getting your target re-entry price.

[jungmana] 20/12/2022 00:20

One of my top winners from summer of 2020 to today is i3e. On their first canadian acquisition the placing was at 5p but the share price went from 8p high, right down to 3.75p. On their second acquisition the placing was at 11p but the share price went down to 10.2p.Because the share price goes below the placing price is no reason to sell but a time to load up if you believe in the company you are invested in.Do your own research and make your own decision.

[mount teide] 19/12/2022 17:28

C7 - 'I have my eye on non E&P that are as good value than this sector (and no, it’s not shipping).'

All ears !

As I'm 96% invested (4% Cash) in small cap O&G, Shipping and Industrial Metal Mining equities, always interested to hear of other sectors offering high value that are being pushed along by a strong following tide and tail wind!

While the short term trading sentiment across the O&G industry may currently be poor, what's attracting very smart investors like Warren Buffet and David Neuhauser(High performing Hedge Fund Manager with 70% of his fund now in small cap O&G) to the sector, is the fact that when Brent was last at $75/bbl in Q4/2021, the now super lean, recession hardened, highly efficient global O&G industry generated an all time record level of FCF - greater even then when Brent averaged $110/bbl in 2013.

And that global O&G E&P CAPEX collapsed 65% in 2014, and has never recovered, leaving, as the CEO of Aramco recently warned: "the oil market with a major structural supply problem over the next 3-5 years".

[spawny100] 19/12/2022 17:13

ALL posters have their own agenda sfs! I'm not trying to get others to do anything. It's completely logical for someone bearish on a share to not hold any and for someone bullish to be a holder. I'm waiting to buy some here but not just yet.

[che7win] 19/12/2022 17:06

I am happy to talk negative on stocks I own, always have done.

Although frustrated at management, I know this stock should give 200% minimum upside on known rollout.
So I’m holding, but not enamoured with management.

It’s a hard decision as to where to invest from here, TXP, AXL, SAVE, and others are competing. I have my eye on non E&P that are as good value than this sector (and no, it’s not shipping).

So TXP management are the result for the share price being this low, really anything below 100p reflects poor management execution, the fact that we are so far below 100p shows the extent of the damage.

[swallowsflysouth] 19/12/2022 17:05

Sp100, generally i quite like your posts, and i do think best not to just have 'rose tinted' spectacles, such posters sometimes appear to have their own agenda. In many companies there have been difficulties over the last 3 years which may have been caused by circumstances outside of their control ie covid. This company has not dealt well with those difficulties or communicated well with their investors in recent years.

I was just picking up on your '. I know it seems ridiculous but I'd be selling right now if I had any left'.

I was somewhat 'tongue in cheek' in responding to your above remark as that remark to me came across from you as a somewhat 'tongue in cheek' off the cuff remark rather than a deliberate attempt to persuade investors to sell.

In any case investors need to be able to make their own decisions independently of others.
'rose

[spawny100] 19/12/2022 16:46

I wouldn't advise anyone to buy or sell anything. Was just saying what I'd be doing. I think if you limit posters on a board to only include those who currently hold shares and ban any dissenters then you will get a very distorted view of a company with everyone wearing the same rose-tinted spectacles sfs. There are plenty of boards like that on ADVFN. They are usually a red flag for me. Fortunately this board is not one of them - although people who don't hold are generally not terribly welcome here of late. I understand why as it's been an incredibly frustrating hold for those who believed in the company, their assets and the words of Paul Baay. I don't post to wind others up and don't take any pleasure in people losing money. I first bought in here back under 11p pre Coho and my opinion of Paul back then was honest, trustworthy and straight-talking and underpromising and overdelivering. Needless to say I have revised my opinion a lot over the last few years.

I still believe in the assets here but the monetising them and lack of clear, objective information as to precisely what they have found and are sitting on has been utterly shambolic (and I don't use that word lightly). I'm not an O&G specialist by any means and there are posters far more knowledgeable than I am on all aspects of it. But I do know how to read an RNS and spot the tells i.e the omissions, the weasel words, flamboyant, breathless ott emotive stuff (like best well in his life etc) as opposed to hard facts and numbers.

TXP was the first share that really helped set me up and I will always have an interest in them because of that - whether I currently hold or not. I have been in and out with smaller trades in the last 12 months or so trying to find the bottom but generally failing and cutting smallish losses each time. At some point some will make some very decent money piling in at the bottom here but currently I have no idea where that is and I suspect it will be under 50p as sentiment towards the management is so poor currently. That's all

[swallowsflysouth] 19/12/2022 16:23

MT,
not sure i follow you, where is Sp100 debating anything ? He just appears to be suggesting to others to sell ?

I expect the majority who are invested in the company or out for the moment, had expected more progress to have been made by now.

[jungmana] 19/12/2022 15:00

Buy when you believe in the fundamentals and prospects but sentiment is shot to pieces , share price on its ass.
Stay on the sidelines when everyone is singing the praises and shouting ; we are heading to the moon.
worked well for me over the last 2 years on, i3e,panr,prd etc

[mount teide] 19/12/2022 13:58

sfs - 'if you have none left, then you have no interest in the company, why post?'

Why not? - if long a stock, I'm happy to read and debate the content of any post pro or against, particularly where it contains information that improves my knowledge and understanding of the investment case.

For the record, I still hold close to half my original shareholding. Why? Because I believe the current valuation has the potential to at least double from here over the next 6 months from the monetisation of the Cascadura discovery, and with potential exploration upside on top from Ortoire.

Sp100 has a point, in that for a Nation with a globally important ammonia industry shuttering production from a lack of nat gas feedstock, the T&T Government and TXL has jointly delivered a very disappointing response since 2019, as to how they've 'managed' the fast track monetisation of TXP's easily accessible discoveries at Coho and Cascdadura and, communicated that to shareholders and the T&T people.

Understandably, after the debacle of the last three years the market now wants to see a clean execution of the monetisation of the assets, before it gives the management the valuation they and their brokers believe the assets merit.


AIMHO/DYOR

[swallowsflysouth] 19/12/2022 13:22

Spawn100, if you have none left, then you have no interest in the company, why post ?

[spawny100] 19/12/2022 12:53

Got to say this is looking very weak having gone below placement price. If 50 doesn't hold it's bad news and has a long way down. I know it seems ridiculous but I'd be selling right now if I had any left. The market no longer trust any of the seemingly random dates PB chucks out.

[joey1998] 19/12/2022 12:48

> I mean, if you paid someone to raise money at maximum dilution, you would be slapping them a Christmas bonus for a job well done.

Nail. Head.

[11_percent] 19/12/2022 12:47

Mmmmmm......so, everyone has given up on PB.

An RSI of 22 is really bad.......just saying.

[che7win] 19/12/2022 12:45

No one believes a word the company says anymore. Too many broken promises and missed deadlines.

It will take a long time to trust the company after they promised for 2 years there would be no dilution, and anytime during those two years they could have raised money at less dilution than last months fund raising.

I mean, if you paid someone to raise money at maximum dilution, you would be slapping them a Christmas bonus for a job well done.

So, we have a company that has failed on the operational side and the financial side…

[redartbmud] 19/12/2022 12:43

We can all whinge as much as we like, but nothing will change on the PR front as long as PB remains in charge.
Frustrating, I know, so I am treating my investment as option money going into the new year. It will either come good or we will be in the same position this time next year.
Not a clue which one to choose.

red

[jungmana] 19/12/2022 11:51

I bought more on Friday at 53.20p. Should be busy from January according to the CEO

[11_percent] 19/12/2022 11:41

RSI = 22......way, way too low.....bought a few.

[buffythebuffoon] 19/12/2022 09:34

At 7 years old it was probably in the same direction as the fork shoved the beans in your mouth.

Buffy

[redartbmud] 19/12/2022 09:20

Ya wet ya finger an' hold it up ta see the way the wind's blowin'.
Used to do it when we were ablout 7 years old.

red

[buffythebuffoon] 19/12/2022 09:10

I’ve tried every possible combination, and no amount of oedema gives me a consecutive combination of numbers in the 2023 fat finger forecast. So, just plain wrong.

Those of us who have been around here more than a year or two will remember the pre-Ortoire focus was on getting the bopd number up to 2,000. We just made it I think, or just shy of, depending on whether you counted between quarters.

So, for perspective, what is the end of 2023 daily production forecast?

Buffy

[dunderheed] 19/12/2022 09:00

On holiday at mmt so will not be posting much, but basically a mediocre lying overpaid team in charge.
IMHO, DYOR.