Tower Resources Share Discussion Threads

[mr hangman] 17/11/2017 16:19

No doubt it's glowing in the dark, PMSL

[soulsauce] 17/11/2017 15:51

Cheers ohisay. Keeping a very close eye on how things progress.

[ohisay] 17/11/2017 14:08

Well he's put £6m of his own in here over the years acc to that interview (a soft one at that I'm afraid ).His stewardship over that period it has to be said has been well below acceptable.But I doubled up today because I cant see that the company is only worth a bit over £3m.Last throw of the dice for me and he looks (while he's positive about Cameroon and i think reasonably so)like its the same for him.
The big unanswered question which the interviewer never broached is that he needs a partner.but if you believe what they said earlier in the year they were close to that - and in a rather worse oil price environment - so its a reasonable punt for me.

[soulsauce] 17/11/2017 13:48

Thanks ohisay

[ohisay] 17/11/2017 13:43

Tower Resources' Jeremy Asher on the tantalising opportunities in Cameroon

Jeremy Asher, chairman and chief executive of Tower Resources PLC (LON:TRP), speaks to Proactive's Andrew Scott as the Africa-focused oil explorer resumed trading on AIM after raising £2.1mln through a placing backed by directors and financier Lansdowne.

[rayrac] 16/11/2017 16:58

Someeone throwing money Tower’s way. Bit of dilution should they sell into the market, but ever hopeful.

Might come a time to add? :)

[soulsauce] 09/11/2017 22:37

3rd time lucky but this time it's no wildcat drill.

[rayrac] 09/11/2017 22:21

Hangman, they are committed, they have as you say, seen 99% down the drain. They’ll do their darndest to get it back. I think they are worth following.

[maccamcd] 09/11/2017 16:09

well they did..last throw!

[mr hangman] 09/11/2017 15:57

Rich connected dudes, they have also lost 99%, doubt they will be throwing anymore money this companies way

[maccamcd] 09/11/2017 15:46

I think this is better than what you lot think it is at this Market cap (tiny).
I've averaged. Only because I know the rich connected dudes that were already holders and large money down, invested again on this round.
It could be the get out of jail trade.. or may not.
But at this valuation.. i'm hoping to make some money back
Good luck

[mr hangman] 09/11/2017 11:17

or they want their salaries for the next few years

[soulsauce] 09/11/2017 09:36

Well it has been backed with a decent chunk of money and I can't imagine they are all happy to see it disappear so I am sure they have seen something very decent in the Thali asset. One to watch IMO.

[highasakite] 09/11/2017 09:31

This money will last 8 months max then its another fund raise or lights out.

[mr hangman] 09/11/2017 09:28

lol, as if they are keeping it going for the "investors" who have lost 99% of their money

[soulsauce] 09/11/2017 09:17

Surely this has to be a buy around 1p doesn't it. Made lots of money here in the run up to the Namibia drill and luckily sold all but a few before P&A.

They have to get lucky with the drill bit sometime and the Cameroon asset looks a lot less risky.

I know the BoD are not everyone's cup of tea but fair play to them for keeping it going and managing to raise a decent amount of money.

On watchlist.

[mr hangman] 09/11/2017 09:06

Glad i sold at 7.10p old money

[judijudi] 09/11/2017 08:50

Hopeless
Just gives the snouts in the trough more breathing space

[rayrac] 09/11/2017 08:06

Hope yet? Or hopeless?

Or news on the way!

[holts] 09/11/2017 08:03

Maybe they should use Asher for brexit he must be a real charmer .

[judijudi] 26/10/2017 16:30

Aye
The Snouts in the trough are bleeding it well and truly dry

[holts] 10/10/2017 07:10

This must be a record for a company spinning it out .

[edlog] 05/10/2017 11:04

May be of interest. -----