Touchstone Exploration Share Discussion Threads

[sleveen] 21/6/2021 08:32

"Just keeping a focus here on the share price ....the elephant in the room that no one will talk about."


--->Strangely, I thought the past few hundred posts have been obsessing about the share price

[11_percent] 21/6/2021 08:31

Davidblack20 Jun '21 - 21:48 - 20443 of 20459
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XM has a nice instant post on Twitter tonight.

It’s flashing up Royston and the map has an oil barrel on Chinook and two gas fields at Cascadura.

Clearly not on the back foot!

=====

Dave, that sort of suff from the company does not cut it anymore......sentiment has plunged, along with the share price ....and is now about as negative as it can get.....they to DELIVER.

Clearly, both company and the share price are on the back foot.

[11_percent] 21/6/2021 08:18

spawny10020 Jun '21 - 21:39 - 20442 of 20458
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11% people will be looking in everywhere at 8am tomorrow. Certainly not just at TXP. I think the market is on a knife edge. If the DOW doesn't claw back a bit this week it's set for a well sub 30k dive imo. The chart here isn't pretty either though and has a mountain to climb that a Coho hookup won't scale. I'll probably be putting buy orders in circa 50p.

================

spawny,

Just keeping a focus here on the share price ....the elephant in the room that no one will talk about.

Agreed....a of shares have lost money in lats 4-6 weeks.....and things "feel" they bad.

On the US indexes, and DOW, in particular....I follow Martin Armstrong.

His latest Private Blog is for the DOW to rise, if the index does not fall under 29,600 on a monthly closing bais. He has been concentrating on the DOW this last month....and the question, will it fall, big time.

Hence, I am not looking at a DOW crash.

On TXP ......we have that gap 57.......which a few weeks ago I would have said would never fill....but now not too sure.

There is a 90% probability that it will fill.......and given the situation here....is prodably greater than that.


"The chart here isn't pretty either though and has a mountain to climb that a Coho hookup won't scale."

Agreed....there is very little PB can say that will stop the crash.........its all about DELIVERY now.

EDIT: I see there have been post regarding Macroeconomics. Martin Armtsrong has an AI program which corelates the world...with the focus on capital flows. At the momnet, flows are into the US.




Cheers, ATB.

[thebull8] 21/6/2021 07:24

I agree 100 percent that awareness has a huge impact on these type of shares. You only need to look at the LSE boards of some of the other AIM shares to notice this. TXP can go days without any comments while something like ARGO will attract hundreds and sometimes thousand of comments every day. Somehow ARGO managed to achieve a market cap in excess of £1.2b based on the mining of a few dozen bitcoins every month.....

[kaos3] 21/6/2021 05:45

Pro - first thank you for your contributions

"ADVFN is mostly full of traders, who panic about short term price movements..."

maybe not - we are happy and making use of it -

panic is done by the others

I - like 11percent have a core holding and I am like him doing marginal trading around it -

at which point I would like to thank 11percent - to reconfirm my line of engaging (I mostly stopped posting when I sell and giving TA reasons - because fundamentally there is no wrong - long term investors get nervous and hostile for postings about predicting a share price fall based on the TA - not traders )

as you say - when the position is big enough (millions) one can not trade easily - and by the nature becomes a long term investor. Young or smaller position investor has a different situation - an active trading makes a huge difference in the end - if executed well

ergo - I appreciate both of you
all imho

[gopbg] 21/6/2021 01:03

I think awareness has a much greater influence on these small companies than market conditions. TXP should perform well in tough market conditions. 2+ years down the road Div alone will support a very nice share price

[pro_s2009] 21/6/2021 00:55

DB, what Xavier is alluding to in those Twitter posts is what I suggested months back.

Whilst the primary Royston target is circa 700 feet of gas pay - this is the "known" target and it itself potentially 1 TCF of gas.

There is another potential 700 feet below that, and it will be tested with Royston-1. Which is why a few months back I alluded to the potential for Royston to deliver near 1500 feet of potential pay, and that Royston, if it comes in at top end, may be 2 TCF of recoverable gas in size, double the current "large" 1 TCF potential.

Time will of course reveal all, spud of Royston-1 should occur within a few weeks all being well.

Only 2 stocks on AIM currently offer multibagging drilling in then next couple of months, thats PRD and TXP. PRD drilling in Morocco and TXP with Royston-1.

With TXP having already in the bag 1P proven reserves worth around 150p a share and currently valued at near 50% discount to their proven reserves, its a near as you can get to a completely risk free multibagger.

Royston-1 could be worth anything from 0p a share to 400p a share if the full load, known and prospective come in. Sit back, strap yourselves in and enjoy the ride :)

[thebull8] 20/6/2021 22:51

There isn't going to be a huge sell off soon. The FED and other central banks are still pumping billion in every month and rates are still going to be extremely low even when raised. You will see a transition from these so called vaccine recovery stocks back into growth stocks. There may well be a small correction to but nothing like March 20. That was a one off

[worraps] 20/6/2021 22:40

King Suarez......I was hoping to sleep well tonight, but now I’ve read your post I think I might not!

[king suarez] 20/6/2021 22:29

The point re: Macroeconomics, is that if the whole market tanks, as it did in Feb/Mar 2020, TXP will get dragged down with (again) regardless of company news, like we dropped from 48p in Feb 20 to 21p in Mar 20 as 'global market fears' caused a general sell-off..

[borrdrill] 20/6/2021 22:28

And you clearly have sold your shares spawny, looking for a better entry point, alongside 11_percent. This share is very undervalued now. Would be very careful shorting this. We all know whats coming, Wall of cash, up 10x production by next year pluss yearly dividends. No one is getting my shares, Will ONLY be adding to my position when there is a sale. A gift for anyone looking to build a position in txp. And for those who felt they *missed the train"

[thebull8] 20/6/2021 22:16

Not sure if 35 is considered young. But like I said I have enough experience and have worked in the industry long enough. The fact that you're "experienced" and still trading AIM stocks kinda tells me enough about your experience Oh and I'm not sure exactly what macroeconomic has to do with a O&G company in Trinidad that will do less in a year than Shell does in a day

[davidblack] 20/6/2021 22:04

TB young, that’s a complement! A big one!

[spawny100] 20/6/2021 21:57

You're clearly young and naive bullster and defending a losing position at present. You have a lot to learn about macroeconomics and charts.

[thebull8] 20/6/2021 21:52

From the guy that bought back in around 90p a few weeks back before selling at a loss. Now he's suddenly predicting 50p based on no new information. Hilarious You know the bottoms in when PIs start talking about shorting a stock 50% down and ridiculously low limit orders lol. Thanks guys

[davidblack] 20/6/2021 21:48

XM has a nice instant post on Twitter tonight.

It’s flashing up Royston and the map has an oil barrel on Chinook and two gas fields at Cascadura.

Clearly not on the back foot!

[spawny100] 20/6/2021 21:39

11% people will be looking in everywhere at 8am tomorrow. Certainly not just at TXP. I think the market is on a knife edge. If the DOW doesn't claw back a bit this week it's set for a well sub 30k dive imo. The chart here isn't pretty either though and has a mountain to climb that a Coho hookup won't scale. I'll probably be putting buy orders in circa 50p.

[thebull8] 20/6/2021 21:36

How did the BPC graph work out for you. You are absolutely clueless. I doubt you have studied TA for more than ten minutes. Charts are useful for entry and exit points - not much else. They can often be manipulated to suit an agenda and are a lot of the times self serving

[11_percent] 20/6/2021 21:31

Well...i am making plenty cash......anyway, we got to where we always get to.....not talking about the elephant in the room which is plunging share price .....and talking about everything else.

Eyes down...look in.....8.00 tomorrow.....how much more will it go down....

[thebull8] 20/6/2021 21:26

I didn't say it was PIs hedging. If you're a high net worth individual you can ask your broker I'm sure they could sort it out. Hope it works out for you and you get your pants burnt. You don't short once you know the bad news and the share is down 50% - you do it before. Clearly a rubbish investor and a rubbish trader

[11_percent] 20/6/2021 21:20

But....how can it be PIs hedging/shorting...when we cant do it through IG or anyone else.

If thats not the case......can someone point me in the direction of a provider that will let me go short.

[linton78] 20/6/2021 21:17

👆🏻 Everyone that sold two months made a great move.

Plenty more to take on shorts yet looking at the graph.