Touchstone Exploration Share Discussion Threads

[dunderheed] 20/1/2023 10:52

JM been looking for a long time.
The Middle East, South America and Russia seem to be the only answer but they have their own problems I think?!
By the way share price looking nice lately though?!

[junky monkey] 20/1/2023 10:24

SAN Fransisco wants to give every Black person 5 million USD, because well, they’re Black (or identified as Black for a number of years).

The Woke generation has been taught to expect free hand outs, and they’re coming for our life’s hard work to pay for it.

Just google 5 million dollars black and you’ll get the story on whatever news channel you like.

I’m identifying as Black from today onwards, and I went to a majority Black high school when I identified as White, so I was a minority.

Is there anyplace in the world we can move to escape the insanity?

[buffythebuffoon] 20/1/2023 08:23

I doubt this would happen, but regardless, no government would dare introduce a retrospective tax, so you’d better tuck away what you can as a precaution if you have any allowance to use. They may introduce something similar to pensions with the A day protection which I took out at the time.

Buffy

[che7win] 19/1/2023 15:52

Captain,
Watch out for this current left leaning government, they hate careful hard working savers

hTtps://www.thisismoney.co.uk/money/saving/article-11640179/Isa-allowance-Hunt-urged-introduce-100-000-cap-Budget.html

[wanobi] 19/1/2023 14:55

nice one cfc, please can I swap my ISA for yours :-) LOL :-) Cheers Wan :-)

[captainfatcat] 19/1/2023 13:49

Dunder hope your well matey, rounding down 1.3M in my ISA it's stayed about the same for the last year I do trade round the edges a bit for some petrol and beer money 🤫

[ashkv] 19/1/2023 13:01

I love TXP and am grateful for the upside it has provided. However, (more than) once bitten, twice shy.

[ashkv] 19/1/2023 12:34

My original buy price was around 13p - topped up in the low 20s for an average of around 16p - rode it all the way to 160 plus with sells along the way and 2 tranches sold in the 160s

Added at 90p in May 2022 in expectation of delayed Coho coming online per PB guidance to bolster my remaining TXP holdings (average sell prices in excess of 100p).

Sold entirely out of TXP at 88p in Sept 2022 as I was wary of further fund raise / uncertainty re Coho given inordinate delays.

Hopefully TXP comes good - but Paul Baay is not a straight shooter... and it is always wise to bank profits more so with small AIM firms. No one got poor taking profits :)

Picked-up the below recently ->

Michael Zezas, Head of Global Thematic Research at Morgan Stanley - " the average equity holding period has declined from eight years in the 1960s to six months today".

[dunderheed] 19/1/2023 12:02

CFC - how many do you have now mate - and I think all in tax free wrapper?

[jungmana] 19/1/2023 11:52

I missed out on the earlier rise here from teens but had a few small trades in late 2020 and 21. I kept watching as most of the last 2 years had funds invested in i3e , prd, axl and a few other shares. On the recent fund raise I took the opportunity to buy 100k shares averaging 54p. 4 weeks back you could buy in 10k lots at 53p.Imho there is a huge opportunity here and TXP could be one of the star performers of 2023 . All kicking off with Royston spud at end of the month and Cascadura should be online by April. As said before my personal target is 150p.

[sleveen] 19/1/2023 09:25

Fair enough, 60s would be a great, but unlikely, buy price IMHO.

[ashkv] 19/1/2023 09:12

TXP was a no brainer in the 50s - and I slipped up in not buying.

70s is too rich for me given risk / reward - might dip toes back in the 60s.

[stockport loser] 19/1/2023 08:05

The big difference is the 5 year gas deal gas started, let's see how quickly its signed off this time.I was thinking May, but where they are currently I think April is achievable.

[sleveen] 19/1/2023 08:03

You had a great opportunity to buy well below your 90p sell price.

I bought @ 58p,66p and 72p recently.

Why didn't you?

[ashkv] 19/1/2023 07:50

Sold at 90p - my last tranche and indeed quite surprised as to the upward sky rocket - given share holders got screwed at a placing near 52 week and multi-year lows...

Remember Coho - Cascadura could very well be online in Q4 2023....

[sleveen] 18/1/2023 18:12

No, he's sold and wants a lower price to buy back in.

Good luck with that!

Sell low and go!

[hiddendepths] 18/1/2023 17:35

Ooh, Ash, you didn't sell out and open a short, did you? Tsk!

There something more relevant than the RSI, which certainly has its uses but not so much for oil and gas exploration shares.

The trend's your friend!

Works far more often than the RSI for these babies.

[wanobi] 18/1/2023 17:04

An RSI indicator can stay in the overbought region for extended periods while the stock is in an uptrend. The indicator may also remain in oversold territory for a long time when the stock is in a downtrend. This can be confusing for new analysts, but learning to use the indicator within the context of the prevailing trend will clarify these issues.....

Cheers
Wan :-)

[johnoxxx] 18/1/2023 17:01

Spot on Ballymoss

[ballymoss18] 18/1/2023 16:47

Sounds like you have sold out Ash.Desperate to get back in, I don't blame you, gonna be more expensive the longer you wait.Only chance you have is if they make an error with the new Star Valley drill at Royston which would be a month away so will be three figures by then. I personally think from the pictures at Cascadura they are doing really well doubt Q1 but Q2 that wall of cash will hit.This rise is about assets production and a massive drilling campaign.

[homebrewruss] 18/1/2023 16:46

OTOH if Royston intermediate is a success and they get between 750-1000bopd per well with several wells then it can generate more than half of full Cascadura in cashflow once developed
Cascadura progress looks good based on recent progress photos and news that the pipeline is in place (except welding) and Q2 is not far away.
Cascadura online and the continuous drilling program should ultimately cover any disappointment with the Royston ST IMV.

[ashkv] 18/1/2023 16:35

TSX:TXP's 14-Day RSI is ranked worse than
94.28% of 1118 companies
in the Oil & Gas industry
Industry Median: 52.88 vs TSX:TXP: 73.89

[ashkv] 18/1/2023 16:33

TXP now wildly overbought per RSI - approaching six month high of 105p plus if taking into account share dilution of over 10% - effectively hit 90p today or around 15% from 6m high on ramping... For all we know Royston could be a dud....

Cascadura not online till Q2 at the earliest - likely Q3 23 if project and approval process is 50% faster than Coho


TOUCHSTONE RAISES APPROXIMATELY US$13 MILLION
Tue, 6th Dec 2022 16:40
RNS Number : 8085I
Touchstone Exploration Inc.
06 December 2022

CALGARY, ALBERTA (December 6, 2022) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces that further to the Company's announcements dated December 5, 2022 and December 6, 2022 regarding the private placement in Canada (the "Canadian Private Placement") and the proposed placing in the United Kingdom (the "UK Placing") (together the "Fundraise"), Touchstone has raised aggregate gross proceeds of approximately US$13 million (approximately £11 million and C$18 million) through the placing of a total of 19,924,400 new Company common shares of no par value (the "Fundraise Shares"), at a price of 54.5 pence per Fundraise Share (C$0.90 per Fundraise Share in respect of the Canadian Private Placement) (the "Placing Price").