Tower Resources Share Discussion Threads

[bullrun1] 25/7/2024 11:31

Dont worry about us boy, get on with back packing around Bradford;-)

[wooster4] 25/7/2024 11:31

another fun day in the life of ny boy!!

[ny boy] 25/7/2024 11:17

Gambling fruit machine addicts are trying for another push to suck in more lemmings

[ny boy] 24/7/2024 12:33

LOL! Good Luck 😅

[tanboy1950] 24/7/2024 11:47

Nope NY Boy. Just Purchased 300 Shares, Cost Me 5p.. The Trouble Is The Transaction Cost £7 Lol

[ny boy] 24/7/2024 10:03

Jeez, you must really be a bit dim 🤦🏻‍♀️

[southway2] 24/7/2024 09:17

Ny/tan boy pretending to be different posters again .........hilarious.

[ny boy] 24/7/2024 08:12

Ok tanboy, own up, who sold 179 shares @ 0.118 😂🙈📉

[ny boy] 23/7/2024 10:37

You get it tanboy!

Virtually impossibe to raise cash with an share price this low, not long left to survive, imo they desperately need to pull a rabbit out of the bag🤔

[tanboy1950] 23/7/2024 10:06

No Money Generated In The Last 9 Months. Whats The Company Running On Fresh Air.?

[tanboy1950] 23/7/2024 09:36

Sheep Repeat Its Not Working.. Go To Greener Pastures lol..

[bionictroller] 23/7/2024 09:03

Q3/4 news flow:

✅ Asset level Well financing

✅ Service contracts

✅ Spud date

✅ Rig Mobilisation

✅ Drill Q4

✅ South Africa / Namibia news ??

New video 21/12/23



Excellent new SPANGEL research note:

hxxps://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf

Great video:

[bionictroller] 23/7/2024 09:02

Having little cash is not the same as having "debts which are ridiculous"

You are a silly little child NY BOY.

You also said months ago that TRP were going bust. Do you have a timeline for this ?

The assets are worth far more than the current market cap of £2 million even if there was a fire sale of assets

[ny boy] 23/7/2024 08:18

There is no cash you silly person 🤦🏻‍♀️🙈😂📉🤡 Death spiral to 0p coming up, cash savvy business dealers will pay 5c in the € for any worthwhile assets, shareholders will lose the lot

[nick tims] 23/7/2024 07:36

Mr Asher, has 9.57% of shares in TRP, he has a greater interest in ensuring that the company has success! Furthermore he has considerable experience. Who do you think should run the company?

[southway2] 22/7/2024 15:04

But ny/tan boy doesn't deal in facts , just likes posting tripe daily.

[bionictroller] 22/7/2024 13:36

Q3/4 news flow:

✅ Asset level Well financing

✅ Service contracts

✅ Spud date

✅ Rig Mobilisation

✅ Drill Q4

✅ South Africa / Namibia news ??

New video 21/12/23



Excellent new SPANGEL research note:

hxxps://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdf

Great video:

[ny boy] 22/7/2024 10:35

None, justvreckless gamplers & spivs trying to seduce lemmings to buy, the debts are ridiculous, the number shares in issue., ridiculous confetti is worth more
Final death spiral to zero 📉

[riskyinvestor] 19/7/2024 15:28

£250,000 losses and am finally out of AIM Casino

Too many lifestyle companies there are

Can anybody name me an AIM IPO which has created Shareholder Value ???


Answer is 0

[riskyinvestor] 19/7/2024 15:25

Have given up on JA

Good luck if he succeeds

Am in GPL (Graft Polymer)

My last Stock on AIM it will be unless it becomes a AIM DARLING then I will go back Investing in AIM

[neilyb675] 19/7/2024 08:51

from NICKTIMS on LSE:

"The following post is NOT intended to give nor imply investment advice, and, represents my opinion only.

I perceive this stock to be a gambling fun stock, everyone should have one in their otherwise sensible portfolio. Under the right circumstances, you could make a lot of money, or, lose it!

Around five shareholders attended the above AGM yesterday. Firstly, no agreement for finance has been agreed in writing to date, however, there have been a number of talks with financiers. Twenty years ago investors would salivate at the opportunity to raise money for such an opportunity, indeed times have changed. Initially alarm bells were ringing since I deemed the schedule to be somewhat tight, however, there is no point in having the money and no rig! Furthermore, like a card game, you don’t wish to show your hand too soon, unless you prefer an inferior deal. This should be weighted by the facts, which are, it is not a buyers market for risk capital. However, Tower are in talks with a number of financiers, and, at this juncture I am unconcerned. Mezzanine finance (debt for equity swap) being acute; this has become slightly better but still notoriously challenging.

We know that there is oil in the vicinity, however, we don’t know if it is commercially viable, there is only one way to find out. For this reason the drilling could be defined as an appraisal/exploration and potentially a production well. Data from five years ago suggests where oil could be. Total drilled a deep well within this area, then, they side tracked and eventually ran out of time. Additional complexities were caused by a fault at the edge.

Drilling could take place in November or December, dependent on rig availability, however, I would be concerned if the start date went beyond February 2025. Initially rig availability was non existent, however, a couple more rigs are now located within this area of Africa, therefore the market for this service being slightly less tight. Remember, contracts have to be flexible for the exploration company since it would be inconceivable to finish only 90% of a drill, only for the rig to move, them come back and continue such an important function.

There are back up plans for both the finance and rig, however, remember, it is important to have competitive tension between such parties, ensuring the optimum deal for shareholders.

Funds have already been spent on surveys, sight surveys, engineering, various drilling equipment, explosives, storage etc.

Prior to attending the AGM I would not invest any further, however, knowing the updated investment case I would purchase further shares, but not too many! Finally, I would remind readers JA has over 9% of the company, which is quite unusual. He is putting his own money into this venture, something which is quite rare.

Gordon Gekko of Wall Street Fame, stated “Don’t get emotional about stock!”, good luck."

[felix0007] 18/7/2024 14:36

Neily seen the RNS and was anyone at the AGM who has any feedback on the overall meeting and the Q&A in particular??

[neilyb675] 18/7/2024 14:14

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held earlier today, all the resolutions proposed in the notice of meeting were duly passed.

The voting in respect of each resolution was as follows:

In favour Against

Ordinary Resolution 1 97.5% 2.5%

Ordinary Resolution 2 86.5% 13.5%

Ordinary Resolution 3 97.5% 2.5%

Ordinary Resolution 4 92.3% 7.7%

Special Resolution 5 92.3% 7.7%