Tower Resources Share Discussion Threads

[nigoil] 27/2/2020 19:35

Mostro, it's always nice to see blue in the old portfolio, but schachmeister seems to think she's won the lottery. She's over on the Rkh forum giving large and throwing a party, didn't she invite you? If she has invited you can you please walk her home safely back to the Trp forum, I'm worried she might get raped on the Rkh forum if she stays to late, simples! Goodluck with Trp, hope it comes good for you!

[mostro] 27/2/2020 12:26

Nice to see some Blue in my Portfolio for a change!

[nigoil] 26/2/2020 19:28

I've not seen anything of Trp No.1 ramper schachmeister today, I wonder why? LOL ;-)

[oilmanmike] 25/2/2020 01:58

Jim dare you to come on to the lse board and start mixing it up with the other TRP bulls over there. Tankers have been known to tow at 5 knots anything they want. find someone else to take it out on. I am not posting here cos you are lurking to take out your own frustrations on passers by. you are a bully. #$%& off you Twunt

[jimarilo] 25/2/2020 01:09

Just seen your post on LSE "The fast moving Chinese vessel is the skeleton crew, supply vessel as stated and the tanker can tow the platform into the niger delta for some maintenance before picking up a cargo. BrigOd00n I done my thinking work there with a little help from uncle Jack!! Now it is up to you to check plausibility. I have seen tankers towing platform before as it is an economical solution if you have one passing. Point is the Chinese have them passing all the time but now with oil demand down short term they are redundant. If it were me on a nod and a wink I would be moving the rig into port for maintenance!!" Must be drugs, thats all it can be.....an oil tanker towing a jack up rig ??? ffs

[oilmanmike] 25/2/2020 00:52

'it's over on LSE for the latest' not sure what happened there but uncle jack called round and we got talking!!!

[oilmanmike] 25/2/2020 00:42

there is a ship on the horizon SMeister ip over to use for the latest.!!

[schachmeister] 24/2/2020 10:48

The next news will be the site survey results,then its the Big One as New Age (and whoever else) are announced as our farm in partners for the Thali drill. This rns will land in our mail boxes one morning in the coming weeks at 7.00am and Tower will open 100% up.

[schachmeister] 24/2/2020 09:26

Jim,Its clear your envious over the diversification of Tower's various assets compared to your beloved gbp's and that's why you spend so much time posting here.You certainly know your business and your no fool,so you know well that the 'near' term action is going to be here and not gbp,so instead of beating yourself up trawling the archives for petty scoring points,diversify and get yourself a few trp.Imagine how sick you'll feel when the farm out's announced and this opens 100% up? Nothing worse than following a share closely,as you do trp,spending your own valuable time posting and then watching it go Ballistic without making a single penny.

[jimarilo] 23/2/2020 23:56

You are a sick boy......why not post the whole item "Strategy and Outlook The Company remains very positive with regard to the prospectively of its Namibian assets, noting that oil & gas majors continue to make significant acreage acquisitions offshore Namibia. Global continues to monitor opportunities which might complement its existing portfolio of exploration assets, and remains open to strategic growth of a more structural nature." Large bucket of salt required here, if we were to conclude a Namibian farm out deal, could we then possibly farm in to TRP Cameroon ? ................................................ I did say "Large bucket of salt required" Regarding anger management you seem to be the one blowing a gasket not me

[oilmanmike] 23/2/2020 23:40

this is what you posted on LSE GBP board " if we were to conclude a Namibian farm out deal, could we then possibly farm in to TRP Cameroon ?" and you say there are no sour grapes!!!! LOOOOOLLLLL

[jimarilo] 23/2/2020 22:48

Oh dear, the company's assets means all of them No sour grapes here my son, just correcting the facts As I said before hopefully it won't come to that scenario

[oilmanmike] 23/2/2020 22:40

Jimbob this is not quite right though is it "JA has loaned the company and if the company fail to re-pay JA, he will own the lock stock and barrel for £750K." The loan is secured against assets, I assumed the most valuable and liquid asset being the Cameroon that this is the intent, Still not lock stock and bbl. I suppose without the Cameroon project TRP would be a bit more like GBP, a 1 trick pony. with 301m shares and 90m options at 1p I would have to disagree strongly with your second statement. "Not exactly aligned with shareholders" JIMBOB take your sour grapes elsewhere will you we are fed up with the persistent downer.

[chinahere] 23/2/2020 17:04

Here are the big holders and Director shareholdings: Jeremy Asher 301,276,111 ----------- 27.6% Peel Hunt LLP 143,628,693 -----------13.1% Robert Finch 104,957,060 ------------- 9.6% Lansdowne Partners 51,595,370 ------- 4.7% Peter Taylor 18,451,726 ------------- 1.7% The rest 43.3% Of course there are also warrants and options mostly over 1p I think. Anyone know if Robert Finch is an individual?

[jimarilo] 23/2/2020 16:25

OM, you are quite wrong, regardless of his 27%, JA has claim to 100% of the companies assets if they default on repayment. He also demands interest paid on the loan. So he is very well covered. The PI are the ones taking the risk "The Facility will remain secured with a fixed and floating charge over the Company's assets with interest due of 1% per month (to be accrued and paid on repayment)." Considering the current market cap of £5m, £750k is a snip and keeps old JA in the money Hopefully the above will not come into play, but realising the risk is part of investing, as Chinahere has acknowledged

[babazurie] 23/2/2020 15:25

This is just a ramp of an easy way to mine bitcoin using a browser. Its based on Firefox and used about 40% of your computer CPU or less, no more. You can go direct to the cryptobrowser.site to obtain your download or using the link below. I get a small bonus for anyone that uses the link Download link to try: hxxps://get.cryptobrowser.site/11018223 This involves installing a bitcoin browser that mines in background or as a foreground task and is easily configurable. IF more and more people use it, then a bigger network builds that can mine more bitcoin. Thank you BabaZurie

[chinahere] 23/2/2020 13:43

Yes, I see the risk Jim thanks. To me Jeremy's investments look like they are made by someone convinced in the project, rather than by someone who is trying to take the company over by stealth. But I've learned from experience that you can never be sure!!

[soulsauce] 23/2/2020 12:38

Hi Mostro, no not in here but have made plenty of money from Trp over the years so always keep an eye on it. Not in Pere at the minute either, temporarily sold out at 15p and 13.26p while the coronavirus is weakening the copper price. Yes still favour Uog but disappointed in the raising for the transformational asset and that is what is holding it back. Well done with Txp you have a good one there, big gas find. All the best and good luck to you.

[oilmanmike] 23/2/2020 12:33

Jimbo you seem to have very conveniently forgotten all about Asher 27% equity stake in the company. The $750/- loan is secured against the Thali License which in itself inspires confidence in to asset. Why is is that all you seem to do these days on here and the LSE board is have a dig. GBP's day will come. Or is it's just that Asher said in the presentation Namibia farm out is on hold until multi client survey in Northern Walvis Bay is analysed.Has that put your nose out of joint. These is no room for these sentiments in this game and that is one of the hardest lessons to learn on AIM. you fall in love you lose cos you don't know when to head for the door. Simple as IMO. Get over her and buy some here as I said before. You can always go back when the fun starts to wain here.

[jimarilo] 23/2/2020 12:01

My old China, "I see that Jeremy has repeatedly put his own money in which is unusual for AIM Directors." JA has loaned the company and if the company fail to re-pay JA, he will own the lock stock and barrel for £750K. Not exactly aligned with shareholders HTTP://www.investegate.co.uk/tower-resources-plc--trp-/rns/proposed-placing-and-subscription/201910150700048861P/

[mostro] 23/2/2020 11:50

Hi Soulsauce, are you in here as well as PERE ( which has gone a bit quiet of late ). Do you still favour UOG, which never seems to move ahead much despite good news and progress?? Something holding it back? FYO I am quite (very ) keen on TXP, and will be adding more on Monday after successful placing Friday and good news due soon. Still never more than 20% of portfolio value in one stock though, too risky on AIM. Good Luck to you.

[soulsauce] 22/2/2020 21:26

No it's not.

[chinahere] 22/2/2020 19:51

Cheers Schachmester - it was your post on RKH that reminded me about TRP and after reading a bit I see that they are at a very interesting point in their history. I liked the recent LSE video and I see that Jeremy has repeatedly put his own money in which is unusual for AIM Directors. There is such a lot of potential here for the £5m market cap. - fingers crossed they can finally realise it.