Tower Resources Share Discussion Threads

[mr hangman] 15/8/2019 09:07

Approaching a new low, not seen purple about

[2solaris] 08/8/2019 11:23

This is not down and out yet, I suspect hangman and Co are stockpiling once again.

[0ili0] 31/7/2019 23:17

Another waste of good money. I never understood why Jeremy didn't invest in GKP and let it run. I presume he pulled his 15m shares out. Hilarious. "Paddington Bear with dangly bits". Donut.

[pinkfoot2] 31/7/2019 16:01

It’s pathetic-these vermin/creatures just roam around looking to hurt and revel in the muck they spread.The reality is they know nothing more than any of us-yet want to drag innocent investors into the sewer.

Will Tower pull it off?I don’t know but the last thing anyone wants to hear is rubbish from low life cretins who are probably sitting in front of a screen with their pants around their ankles looking for a reaction.Well they got one from me-I don’t need their advice as frankly they know little if anything beyond what we all know

[pinkfoot2] 31/7/2019 15:14

More BS-how would any of you know anything?

Back into the sewer guys

[loungeact] 31/7/2019 14:52

Pump and dump!! Beware! Wouldn't touch this share.

[manc10] 31/7/2019 14:45

the chart is terrible timber

[rayrac] 31/7/2019 14:20

Hangman has a point...but there could be a big surprise on the way, and the only surprise would be a solution to the finance situation.

Worth a punt did someone say?

[2solaris] 31/7/2019 12:18

hangman. Clever to buy 6 moths, I see you are a lepidopterist.

[buywell3] 31/7/2019 12:18

RNS Institution soaking up sells I C

When you have that many --- what's a few more

However the extension of the bridging facility is only so they have time to find further finance elsewhere

And the way I read things it is only 4 weeks and counting

[highlander7] 31/7/2019 09:49

One for the mugs indeed. I doubt there are many left tho.

If you cant see the writing on the wall then stupid doesnt even begin to cover it.

[mr hangman] 31/7/2019 09:28

I was here for "glowing in the dark" made good money as i bought 6 moths before
+ made money out of the 2 Uganda drills many moons back

[2solaris] 30/7/2019 16:42

Is that why you are here?

[mr hangman] 30/7/2019 16:37

One for the Mugs

[buywell3] 30/7/2019 16:31

4 weeks is IMO not enough time

Plus 9 out of 10 wells fail

Therefore a 10% chance of success IF time and money can be found

Not good odds for an experienced investor IMO

One for chancers only

[mr hangman] 30/7/2019 09:24

Wish i had a pound for everytime this company has issued new shares/warrents

[jotoha2] 30/7/2019 09:22

Warrants at 1p , ready to buy at 1/2 penny , a bit of calculated fun.

[mr hangman] 30/7/2019 09:17

lol it was 5p nailed on only a few weeks ago

[mr hangman] 30/7/2019 09:16

lol lambs to the slaughter

[jotoha2] 30/7/2019 09:12

The problem here is that Archer has a very poor track record , and by the looks of it not many money boys are looking to support him , he may well still manage a deal , 3p nailed on if it comes through.

[buywell3] 30/7/2019 08:23

Sells coming in

Time running out

[buywell3] 30/7/2019 08:17

So to clarify this RNS:

A bridging loan extension needed by the company has been extended by an agreement for Tower's repayment of the Facility being extended 4 weeks until 31 August 2019 in return for the issue of 3 million five-year warrants with a strike price of 1p per share.

The value of these warrants, based on a Bloomberg valuation using Black-Scholes, is approximately 0.4p per warrant.

Why has this been done ?


Because this bridging loan is needed so that time ( till 31st Aug 2019) , is obtained to obtain finance ( another loan) so that some drilling can be finished in the next 4 weeks. Namely the drilling of the NJOM3 well on the Thali licence.

The Thali licence I believe was granted a 1 year extension in Sept 2018, with some conditions attached.

Mmmm

[encarter] 19/7/2019 11:28

They don't have the money.