Touchstone Exploration Share Discussion Threads

[adon30] 03/9/2021 15:47

Used weeks all the time in manufacturing and production. Items are often date coded with a manufacturing week number rather than a date (like food stuffs). Also useful for weekly metrics.
Don’t really use them much now days as every week blurs into the next, but kept it to tie in with Domus’s timescales.

[rabblrouzr] 03/9/2021 14:02

THe Week thing? .... I think it's Norwegian...never seen it used in Canada unless it maybe is an Exploration /Drilling thing... maybe?!

[sleveen] 03/9/2021 12:19

Brinnington yes but Bramhall, Mellor and Marple?

[stockport loser] 03/9/2021 11:09

Why have we started this week 33, 38 stuff?Is it a Canadian thing? In Stockport there is only 2 weeks. Universal credit week and weekends. All the bits in-between are known as Netfix.

[adon30] 03/9/2021 10:55

The drill pad was looking good earlier in the week.
Rig is on site (from what I have heard).
Not sure if it'll take a bit longer for first rig up but these Star Valley rigs are usually fairly quick.
Can see this first one being completed by Wk 38 (20th September - edited for SL) and then they are ready to move to the next one.... hope they are getting that next pad ready!


Plenty of infrastructure/ surface facilities to get these new legacy wells hooked up quickly. I certainly wouldn't underestimate what these are going to bring to the party.

[davidblack] 03/9/2021 09:37

This might also upset a few shorters, once the new Canadian gets busy on the legacy wells there could easily be a second $500,000 a month of cashflow coming in on top of Coho in December.

Those legacy wells would be self financing with a mixture of quick payback and local finance.

“1domus2 Sep '21 - 17:17 - 22058 of 22072
0 15 0
I might have to change the activitylist again. Sorry!

Word on the street or eyes in the sky suggest that a spud can happen already sometime next week. Inspections and then spud.

So I’ll go for wd-4 spud 1st Legacy well week 36. Next week in other words.”

[stockport loser] 03/9/2021 09:10

That much is true, however their wording has always been fully funded on current programme.Royston will define the year and secure shareholders investment no matter what the short term share price At least now we are at the business end of the year with legacy wells, Coho FG and Royston.Merry Xmas or yuletide log.

[pro_s2009] 03/9/2021 08:54

I have pointed out to Paul Baay that last time a big "short" like this was visible on Euroclear CREST borrowing - it was October 2020 and the short was closed in the November 2020 placing.

So - ALL EYES ARE ON TXP board of directors.

No excuses.

No unwarranted placings.

Get through to Cascadura on line by borrowing.

If he delivers that, that short will have to close, at a big loss with the price well over 200p or 300p (provided Royston delivers a good result). And it will be so enjoyable watching them scramble to get stock to close it from the market.

[ballymoss18] 03/9/2021 08:15

Ongoing! 8 million shares over 6 months.They are hoping for a Royston duster and Coho, Cascadura further delays causing a fundraise.Otherwise it's a bid or a very very expensive short closure.

[thebull8] 03/9/2021 08:09

You're special alright

[pro_s2009] 03/9/2021 08:00

They employ fast sell and buy - so they dont always need to borrow more stock. Trades are T3, so they have 3 days to settle.

Price rising, they throw out lumps of 25K and 10K and 15K....kill the rise...price falls with selling they buy back 25K and 10K and 15K.

All about stopping any momentum building into any rise - keep breaking its back and eventually lots of people just say "TXP mehhhhhh never rises, not going to buy that"

Thats what suppression tactics are. Keep on beating everyone over the head and encouraging them to "move on" to other stocks.

[stockport loser] 03/9/2021 07:08

How is 27k shares suppressing the price?Low volume and delays and the wider market are more likely key drivers.

[pro_s2009] 03/9/2021 03:43

Shorts update for TXP

August 2021 figures added. A small increase in the actual short level (percentage down as more stock on CREST). Price being suppressed is ongoing.

TXP Stock on Loan (Shorts) from Euroclear (% borrowed from CREST holdings)

Jan 2021____0.52%
Feb 2021____1.23%
Mar 2021____7.14%
Apr 2021____8.65%
May 2021____8.79%
Jun 2021____8.74%
Jul 2021____8.49%
Aug 2021____8.45% (Loaned 8.819 million up from 8.792 million in July)

[spawny100] 02/9/2021 21:36

Not only small cap goldies KS. Look at POLY recently. Dividend now over 7%. I have quite a few there and keep adding more thinking they've bottomed out but nope!

[awise355] 02/9/2021 21:10

They've also done a work over at site 60 from what Xavier put out on social earlier today

[king suarez] 02/9/2021 20:13

DB - plenty of undervalued resource stocks right now in the small-cap space - nearly all the gold miners I look at are on low single digit p/e multiples, as are many small cap O&G companies, so this is not ALL TXP specific. Hopefully things change going forward!

[davidblack] 02/9/2021 20:02

Yep you can get pizza delivered to the drill by an 18 year old in a sedan from Princeton BC. I’ve seen the bill!

It appears to me that where natural resource discoveries have been made but the companies are still adding to those resources that the market is applying massive discounts and zero upside for further upside potential.

In TXP’s case perhaps when Coho and Cascadura come on production those discounts will move from colossal to just merely large?

Also mispricing doesn’t last for ever.

[buffythebuffoon] 02/9/2021 19:35

DB,

“ I have a gold stock with what looks like 0.5m ounces at 1g, at surface, 99% recovery, a processing plant 6km away hungry for feed, in a place with existing mines, too few well paid jobs, power and roads to site plus in British Columbia, 40 minutes from the US border. ”

The phrase ‘you couldn’t make it up’ comes to mind, but of course one could, and if it wasn’t you, amongst a small handful of posters, I wouldn’t have believed it!

Mind you, it is a massive 40mins from the border…. 😂

Buffy

[1domus] 02/9/2021 17:17

I might have to change the activitylist again. Sorry!

Word on the street or eyes in the sky suggest that a spud can happen already sometime next week. Inspections and then spud.

So I’ll go for wd-4 spud 1st Legacy well week 36. Next week in other words.

[simplemilltownboy] 02/9/2021 15:28

Incredibly low volume, I guess the volume will increase in line with interest was we get closer to TD and any related news release. HLA

[gopbg] 02/9/2021 14:42

Upon a successful announcement of Reserve hydrocarbon at Royston..... this stock hits a new high. If some really unfortunate luck occurs...... Touch is still a $3.00 stock once Cascudura cash flow starts and is a $4.00 stock 12 months following First cash ( Development wellswill add $1.00/share in 12 months following first cash). If Royston has reserves this is a $7-8.00 US per share Game !

[rabblrouzr] 02/9/2021 14:28

Never mind, found them! the lay-out just a bit changed. ...at the very top when opening the Fin page

[rabblrouzr] 02/9/2021 14:10

Norwegian BB , nothing since 08/25 from Domus and Hermann...Why ?