Tower Resources Share Discussion Threads

[schachmeister] 30/6/2020 14:11

Goldman Sachs is forecasting $51 oil next year and it could be higher than that but even at $45, Thali looks attractive, so by the time Thali is producing we can expect significant profits for Tower shareholders.JA has some serious skin in the game here and his interests are fully aligned with shareholders.So he will do his utmost to maximize shareholder value.

[schachmeister] 30/6/2020 13:41

All things considered,a positive rns,if Olir were going to walk- then they would have done so by now,having the perfect opportunity with the recent oil crash.The fact they are still on board after the crash is a big plus and should also encourage one of the other potetial farminees to sign up for the drill.

It's not surprising that they've extended as Tower aren't exactly BP and have only very limited resources with a tiny market cap,so more time is naturally required to secure the deals during these difficult times but I'm confident JA can secure them on the best terms possible,so everything's all still to play for here.

The biggest returns will go to those who exert a little patience and allow the investment the time it needs to bear fruit.

Good to see the authority on Tower ( Oilmanmike) back posting,regulars will know that the potential upside here looks very attractive,so its reassuring to hear that all the cards are still on the table and that it's all still to play for !

Don't be surprised if we hear something on Namibia too now that the majors are moving away from Shale and back to offshore !

[jotoha2] 30/6/2020 09:41

They have Binding Heads of terms in place , with first cash expected late July 2020 , why would a partner at this stage agree to that if they were just having a larf , its very positive if you belief the script !Drilling ready commence on receipt if cash.

[judijudi] 30/6/2020 09:23

It’s not confirmed at at all
It’s “progressing” and both parties “hope” to complete
Discussions on-going with other potential partners
Read the rns again. But this time slowly 🤪

[jotoha2] 30/6/2020 08:48

We have a deal , now the fun begins !

[pembury] 30/6/2020 08:22

deal completing confirmed! July likely

[farnham] 30/6/2020 07:34

All sounds good

[sanilav] 25/6/2020 11:57

Whats happened,nothing has happened,This is AIM,what do expect from these honest above board MMs.

[hraj] 25/6/2020 11:38

Wtf happened here today..and no news

[jotoha2] 23/6/2020 14:04

Lots of activity this morning , are we ready to go...........BOOM.

[jotoha2] 18/6/2020 10:18

Now it's trying to form a perfect cup and circular handle , classic !

[judijudi] 17/6/2020 15:27

🤣😂🤣😂9315;😂

[sanilav] 17/6/2020 12:09

Think the handle just broke off the cup

[jotoha2] 16/6/2020 16:23

Classic cup and handle ,now will she rise like a supersonic rocket ?

[sleveen] 10/6/2020 17:29

Wait for the fund raise then buy.

Annual G&A $2m

Trade payables $1.8m (current liabilities)

Bridging facility $840k (current liabilities)

That March placing money is nearly/already spent (most likely).

Placing ahoy!

[mr hangman] 10/6/2020 10:37

In the coming 6 months, you certainly don't want to be out of this

[pembury] 10/6/2020 10:13

Yes doesn't lok too far off now

[jotoha2] 10/6/2020 09:24

The company did a modest fundraise in march 2020 of £500,000 doh !Just wait and see when farmout is announced .

[judijudi] 10/6/2020 08:24

Cash balance at year end $39k. How long will that last?
My corner shop will have more
Very close to lights out

Had interest before CV (he forgot to mention the oil price collapse)

Remain interested but not prioritised

As soon as possible

All huff n puff and a massive Rabbit out of hat required
imho

[phoebusav] 10/6/2020 07:56

Some positive updates this morning.

South Africa: '...we have been seeking a farm-in partner to fund this work, and we have had interest including a concrete proposal before the pandemic slowed everything down.'

Namibia: '...we also received an unsolicited approach from a major oil company regarding the license in the second half of 2019. That company has told us that they remain interested in working on this project, but have not prioritised it during the first half of 2020.'

Namibia: '...restart the drilling preparations as soon as possible.'

Looks like the assets are allready to get going as soon as green light is given regarding COVID. share price sis currently hovering around the last placing price of 0.375p with a market cap of only around £5M.

[judijudi] 10/6/2020 07:28

Awash with cash in the bank

[jotoha2] 10/6/2020 07:25

Results as expected , news in a few weeks , lets hope its the big one!

[jotoha2] 09/6/2020 13:56

Trying hard to get moving .