Tower Resources Share Discussion Threads

[dicko80] 12/5/2024 10:48

The link from my previous post was from here

Posted 7th May 2024

[dicko80] 12/5/2024 09:46

Offshore South Africa

You may have read some of my previous posts regarding “above the ground risks” ref SA

Confirmation that Total have now got the green light to go ahead and drill offshore SA , with a potential of upto 9 additional wells



This is extremely positive news for us as it opens up our highly prospective SA assets

Reminder of our current leads and prospects offshore SA

Oil in Place (MMbbl)

Lead P90 P50 P10 Mean

Reedbuck 110. 288. 624 336

Steenbok 34 124. 381 174

Lead 1 40 210 853. 356

Roan 89 322 1275 558

Canyon 25 84 207 103

Deepwater Slope Shallow 377 1,093 2,954 1,444

Deep 111 349 1,241 563

Deepwater Basin Floor Fan 528 1,349 3,384 1739

Summed Mean 5,273



Finally looks like farm out discussions can now be progressed and more so for us all 3 assets in play for a very cheap £3m mkt valuation

[rajaster] 12/5/2024 00:09

"bionictroller10 May '24 - 21:15 - 4740 of 4742

so sell then and buy something else"

what words of wisdom, total genius, i have a plan with TRP and will be out without emotional attachment as i see fit. but i definitely wont advise anyone else to make any decisions based on what i think or what you do. Youve got deeper pocket so bought enough to become an insider so i dont expect much words of wisdom, but lets say your target of 0.15p+ materialises which i somehow doubt: 0.15/0.02(current buy price) then thats roughly 7.29 mean the market cap will need to be 28.41 million as it is 3.16 million right now.

now massively far fetched as long as they dont dilute further, i expect a pump at somepoint and at that point another cash raise that will be at a huge discount and the share price to promptly collase again. I dont expect anything material before the year end as its africa and delays are always common. The only thing guaranteed in all of this, JA continues to get paid(Ca..ching).. money bags

I say good luck, you say you dont need it lol. ok no worries, my points are to balance the argument. I dont care what anyone else does or doesn't do with their money or shares. But dont jump in thinking its all rosy, if you are willing to gamble(like i am doing).. dont risk the house and are willing to wait, then who knows.. ive held one or two i wrote off in the past that 20 bagged and much sooner then expected but the market has been very very tough since 2016ish time.

[bionictroller] 11/5/2024 10:07

so we have gone from "admistration" prediction 8 months ago nwo to "virtually bust"

LOL

[bionictroller] 10/5/2024 21:15

so sell then and buy something else

[rajaster] 10/5/2024 20:20

"We are delighted to share this news, and grateful to the MINMIDT, the Societe Nationale de Hydrocarbures, and the Prime Minister and President of the Republic of Cameroon, for their continuing support.



"We remain confident in finalising asset-level financing for the well, for which this extension was a critical condition precedent. However, we cannot comment further on the commercial discussions in progress until firm agreements are reached.



"In the meantime, we are also continuing our work on the evaluation and prioritisation of leads and prospects on our Namibian licence in light of the basin modelling work we recently completed, and we have been discussing the next steps on our South African Algoa-Gamtoos license with our joint venture partner and operator, NewAge. We hope that this will be the first of many positive announcements in 2024."


the above was in febuary, i know we are not expecting drilling yet but what happened to how it will be funded.. as the eecp facility payment of 400k isnt enough to fund a well? also what happened to the other namibian and SA licence news?.. do we expect a half year results soon to tell us anything else, like i said earlier i dont think there is much cashflow left and they will probably announce more confetti shares in the next month. it wont even surprised me if they consolidate the shares, right now its just another AIM juniour oiler that is struggling to raise the capital and is struggling with the typical african problems, thali or no thali.

[tanboy1950] 10/5/2024 19:23

Dont Be A Daft Lad Southway. Im In West Yorkshire.. We Go Out To Town IN A String Vests, When Its A Snow Blizzard Lol..

[southway2] 10/5/2024 17:57

Yes they are the same poster but no need to be rude

[southway2] 10/5/2024 17:56

Same posters boy and boy Plainly obvious

[ny boy] 10/5/2024 15:16

bion, are you adding at the next placing rns?

Who doesn't love to drill a Thali on a friday night, 🤔still in Asia, first rains for 5 months after another freaky weather period.

Right enough of this nonsense, will check back in over the weekend once neily has finished his usual copy & pasting..have fun

[bionictroller] 10/5/2024 14:16

NY Boy

I haven't disappeared. I just don't spend every day on this forum watching the share price like a hawk.

You nutters need to get a life.

Paper losses are irrelevant to me.

I am here for Thali to get drilled and it will.

[ny boy] 10/5/2024 14:09

Cue the desperate rampers saying me and tan are the same person, reason this time, we posted within 2 mins of each other, previous reasons we both are validated users, we both have boy in our nickname 🙄🤣

[ny boy] 10/5/2024 13:51

rajaster you read this African play well. The rampers have disappeared again,losses mounting. They need to get the prayer mat out.

African AIM mining ventures have history of failures. The noises to date suggest this could be going the same way 16 Billion + of confetti shares tells you everything you need to know.

[tanboy1950] 10/5/2024 13:49

Record Low Again, 5 Days Of Heavy Selling, This Must Be The End. All Rampers Line Up To The Exit Door..

[luckyswimmer3] 10/5/2024 13:49

Still no RNS? This Cameroon project is proceeding perhaps at too fast a pace, almost as fast as the rapidly coalescing Namibian block's farm out or the imminent South African farm out. If the management could just be sympathetic to the coronary health of some of us older shareholders who don't want too much excitement all at once and just maybe slow things down a bit.

[rajaster] 10/5/2024 12:45

600k was raised on 18th dec.. its not much is it.. will just about cover the six months needed cash for AIM listing fees. so in reality it wont even cover JAs wage, but at least they took some shares on the placing and probably made some money back. whilst they have made a lot of promises its now 6 months since the placing and apart from some kid saying this will be investment of the year on youtube and the JA interviews and licence extension, nothing concrete has been delivered.
I wonder if JA is busy with his other company roles and this is just printing him cash as a backburner, alot of promise but not much delivery.

[ny boy] 10/5/2024 12:37

I would expect the next placing (a ton more confetti) to be around 0.01, unless they can pull a rabbit out of the hat pdq🤔

[ny boy] 10/5/2024 11:58

Jeez 217M selling do far, word probably out, all the last placing money has disappeared down a big black African hole 🤦🏻‍♀️⬇️015;️⬇️ just lifestle pish imo

[rajaster] 10/5/2024 11:44

sardaar you know JA will end up raising more money soon.. how much do you think is left from the last placing?.. when are they starting drilling.. no update provided. more jam tomorrow.

[ny boy] 10/5/2024 11:43

Nasty..30M dump @ 0.19, must be neily getting out for another t-trade loss

[riskyinvestor] 10/5/2024 10:56

Come on JA

Bring some good news

[ny boy] 10/5/2024 09:22

Next you’ll be ramping that bio-pish Genedrive GDR, might be a tad oversold 😅👌