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TRP Tower Resources Plc

-0.001 (-3.33%)
Last Updated: 11:00:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tower Resources Plc LSE:TRP London Ordinary Share GB00BZ6D6J81 ORD GBP0.00001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.001 -3.33% 0.029 61,525,109 11:00:02
Bid Price Offer Price High Price Low Price Open Price
0.028 0.03 0.03 0.029 0.03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -1.01M USD -0.0001 -3.00 2.53M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:44:56 O 1,750,000 0.0288 GBX

Tower Resources (TRP) Latest News

Tower Resources (TRP) Discussions and Chat

Tower Resources Forums and Chat

Date Time Title Posts
01/12/202314:44Tower Resources, stratospheric RISER from 0.05p2,953
01/12/202312:49TOWER RESOURCES34,709
29/11/202319:27Tower Resources..A 100 BAGGAR IN THE MAKING from 0.25p to 25p.965
29/11/202315:40Tower Resources, stratospheric RISER from 0.25p2,466
22/11/202308:28Tower Resources 7

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Tower Resources (TRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Tower Resources (TRP) Top Chat Posts

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Posted at 01/12/2023 08:20 by Tower Resources Daily Update
Tower Resources Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TRP. The last closing price for Tower Resources was 0.03p.
Tower Resources currently has 8,443,981,022 shares in issue. The market capitalisation of Tower Resources is £2,533,194.
Tower Resources has a price to earnings ratio (PE ratio) of -3.00.
This morning TRP shares opened at 0.03p
Posted at 29/11/2023 16:54 by dead duck resources
Best to share the guesswork imho

If this rise is maintained, one aspect of the financing agreement which is ok is that
"where a share issuance to EECP would result in the effective discount being over 25%,
the Placement Price will be increased by half the excess"

At the expected 0.025p, the share price has to exceed 0.0333p for that to take effect.

For example,
Share price 0.035p
and placing 0.025p = 28.5% discount
Conversion capped at 24.25% discount = 0.0265p

Share price 0.0375p
and placing 0.025p = 33.33% discount
Conversion capped at 26.66% discount = 0.0275p
Posted at 29/11/2023 16:00 by hedgehog 100
"The dump is guaranteed as EECP/Bergen can issue a conversion notice at their choosing."


You still haven't provided any proof for your speculation that EECP 'is' Bergen.

But the bottom line is, EECP are contractually prohibited from shorting here, which is all the difference in the world: because it's the shorting that makes death spiral funding so toxic, as it's the funding mechanism itself that depresses the share price.

I.e.: with shorted death spiral finance, the funder SELLS the shares FIRST, depressing the price, then rebuys them off market.

But in this case, EECP have to BUY the shares FIRST, albeit off market, and can only then sell.

So if they were to always buy at near the existing share price to immediately sell, they would almost certainly be guaranteed to lose money on their investment, which is not what they are in business for.

And to make any big money here, they need a big rise in the TRP share price above their buy price.
Posted at 13/11/2023 18:33 by hedgehog 100
Dead Duck Resources 12 Nov '23 - 18:21 - 2347 of 2350 0 1 1
" ... The death spiral financing deal with Bergen Global was said to fund that; The proceeds will be used to fund work programme commitments in Cameroon, Namibia and South Africa but spent on working capital. Now we need liquidity so Bergen can churn their shares."


That TRP quote is from a 16.1.23 TRP RNS, about a placing with EECP; Bergen Global aren't even mentioned.

Moreover, it isn't death spiral financing, where shares are shorted in advance and then rebought: EECB can't short-sell TRP shares to rebuy in a future placing, because they're contractually precluded from doing so, and have bought and paid for the shares already in any case:-

16/01/2023 07:00 UK Regulatory (RNS & others) Tower Resources PLC Institutional Placing of up to US$6 million LSE:TRP Tower Resources Plc
"Tower Resources plc (AIM: TRP), the Africa-focused energy company, is pleased to announce the completion of an institutional placing (the "Placing") to Energy Exploration Capital Partners, LLC ("EECP" or the "Placee"), a U.S.-based institutional investor, pursuant to an investment deed (the "Deed").
... The proceeds from the Placing will be used by Tower to fund work programme commitments in respect of its licenses in Cameroon, Namibia and South Africa as well as for general working capital purposes. ...
The Placee has agreed to certain substantial limitations on its ability to resell or otherwise dispose of the Shares it receives. The Placee is also contractually precluded from shorting the Company's Shares. ..."

I think that it's a mark of TRP's quality and prospects that it isn't having to resort to death spiral financing.

And it's a mark of your dishonesty, DDR, that you are peddling yet another lie.

In fact, your behaviour here rather reminds me of a frustrated boar, moving from empty trough to empty trough.
Posted at 10/11/2023 18:28 by hedgehog 100
So that's a fall of under one-bag then, Gaf.

You could have twenty five of those, and one 25-bagger would cover the lot.

I'm well aware of how far TRP has fallen, and believe it or not that is actually part of the attraction here.

I find it's always worth looking at shares that have fallen 99%, because they can sometimes be massively oversold, with massive intrinsic value that is not reflected in the share price Indeed some 99% fallers go on to hundred-bag.

I certainly don't hold JA responsible for that fall, with such falls being quite common in the resource sector.

Penny shares and resource development are very risky, and sometimes things just won't work out, at least for a while, due to circumstances beyond management's control.

It's rather sad that whingeing little babies like Tanboy can't appreciate that.

But I think that's a sign of what losers they are.

Can you not see the strong parallels between GKP in early 2009, shortly before it 25-bagged in 8 months, and TRP now:-

• Share price at/near an all time low.

• Depressed point in the market cycle.

• Awaiting a potentially transformative drill.

• Jeremy Asher a director.

And if you go back to GKP bulletin boards at that time, you will very likely find silly little trolls bashing it.
Posted at 10/11/2023 17:04 by hedgehog 100

That consolidation doesn't alter the fact that the GKP share price nearly 100-bagged from early 2009 to early 2012, low to high.
(And that's based on closing s.p.s: using intra-day lows & highs, the share price probably did 100-bag during this period.)

ADVFN's charts are adjusted for share splits/consolidations (though they call them all splits), so the 2012 high shown on the ADVFN chart wouldn't actually have been over 40,000p: the 2012 intra-day high was actually 465p.

But equally, the 2009 low would have been 1% of that shown on the chart, i.e. 5p, not 500p.

So those two adjustments balance out.

Note that a successful drill caused GKP's shares to 25-bag in eight months in 2009, from 5p in February (lower than the March 6p stated in the piece below) to 125p in October (higher than the October 108.5p stated in the piece below):-

"GKP shares struggled for a number of years, peaking briefly at 86p a share in late 2005. Shares continued to slip, dropping as low as 6p a share in March 2009. GKP’s first discovery of oil, from its first well, in mid-2009 saw GKP share prices climb from 12p a share at the end of July 2009 to 108.50p a share in October 2009."
Posted at 25/10/2023 21:50 by dead duck resources
The case to invest presented on this thread seems to be; check out these others stocks that have multi-bagged, now compare that to historic non-performer TRP (best share price return in the last half-decade a brief 1-bag on two occasions, achievable by precisely timing the entry & exit as it retraced almost instantly amid a longer-term share price slump)
Because other penny stocks have delivered short sharp returns so too could TRP?

I think we need a more cohesive reason. TRP don't have the funds to do anything other than sit on their hands for the rest of 2023 then request to extend the license again before looking into a rig window for H2 2024. That should allow time for an upturn in the market for speculative stocks like this to become investable without a barge pole.
Posted at 25/10/2023 16:37 by hedgehog 100
TRP certainly looks like a decent punt from this level, Letsbuy, as part of a diversified portfolio.

With the right news this could quickly double or more.

Indeed TRP also has a pattern of periodically multibagging, before falling back.

For example:-

2005 low to 2008 high: c. 7-bagged.

2010 low to 2011 high: c. 6-bagged.

2013 low to 2014 high: c. 5-bagged.

2018 low to 2018 high: more than doubled.

2019 low to 2020 high: more than doubled.

2021 low to 2021 high: more than doubled.

It's true that the size of the baggings has declined in recent years, but that could mean that were're overdue for a really nice big one ... though even a doubler is worth having.

TRP has had nearly twenty years as a listed company to 'go bankrupt', and it hasn't happened.

In theory you could say it's a possible for any loss-making stock, i.e. most small resource plays ... though for some reason, Letsbuy, you only seem to be suggesting it here ...

It's fairly basic stuff to calculate a company's ongoing cash burn, compared to current cash, to help give an indication of how comfortable a company's current cash position is.

With TRP's placing of £2.3M. in May, and an annual pre-tax loss of just £1.009M. reported in June, then that indicates that the company is very well cashed up for the expected period of exciting newsflow in the rest of this year.

The aim will doubtless be to get the share price up considerably before any more significant placing, and work programme funds can also be raised at the project level, and by non-equity fundraising.

Also note the 0.1p options & warrants announced in TRP's May placing RNS, double the placing price of 0.05p, and over three times the current placing price.

Compare that to GBP's £0.25M. placing on 31st. August, at 0.1p, and with warrants at the same price.

That indicates that GBP's placing wasn't easy to get away, and the GBP doesn't have the sort of exciting short term upside that TRP has.
Posted at 24/10/2023 14:28 by hedgehog 100
Re the EECP placing agreement:-

16/01/2023 07:00 UK Regulatory (RNS & others) Tower Resources PLC Institutional Placing of up to US$6 million LSE:TRP Tower Resources Plc
" ... The Placee has agreed to certain substantial limitations on its ability to resell or otherwise dispose of the Shares it receives. The Placee is also contractually precluded from shorting the Company's Shares. ..."

Also note that the 4th. October placing to EECP was made at the request of EECP, not TRP, and that they paid 0.04p/share:-

04/10/2023 07:00 UK Regulatory (RNS & others) Tower Resources PLC Share Issuance to EECP LSE:TRP Tower Resources Plc
"Tower Resources plc (AIM: TRP), the Africa-focused energy company, announces that Energy Exploration Capital Partners, LLC ("EECP" or the "Placee"), in accordance with the terms of the investment deed (the "Deed") announced to the market on 16 January 2023, has requested that the Company issue 317,601,462 ordinary shares of 0.001p each ("Placing Shares") to the Placee. The purchase price of 0.04p per share, set by mutual agreement given that the market price remains below the Floor Price set out in the Deed, for the settlement amount of US$153,846.15 including fees, was previously prepaid by the Placee. ..."

So why are EECP so keen to top-up their holdings now, and at 0.04p/share?

Could it be that they are expecting a big, positive move up imminently, and want to get some really cheap shares ahead of that!

They can't be short-selling shares to rebuy in a future placing, because they're contractually precluded from doing so, and have bought and paid for the shares already in any case.

The 4th. October RNS is in effect a holdings RNS, because it is informing the market of EECP's additional holding.

So nice try DDR, but you're going to have to try harder, I'm afraid!
Posted at 11/10/2023 18:51 by hedgehog 100
letsbuy1 10 Oct '23 - 19:24 - 2601 of 2603 0 0 0
"What a mess this stock is.. this time next year this is bankrupt. Done"


If you're wrong, & TRP performs well form its current level of 0.0335p, will you refund the money you've cost people?

Or perhaps I should say, do you have the money to cover your liabilities for your dishonest posting?!

The TRP share price is behaving exactly as you would expect in this sort of situation, i.e. gradually drifting down while it is awaiting news.

Their are a vast number of examples of this sort of price action before a share price explodes upwards.

And afterwards, you generally find that the bashers slink away with their little troll tails between their legs!

I'm nice, which is why I'm posting this to try to help people who may be less experienced.

And I would add that the hoped for rig news isn't even 'late' yet: i.e. it was expected by the end of this week, which still gives two more trading days!
Posted at 04/10/2023 17:43 by hedgehog 100
nestoframpers3 Oct '23 - 09:59 - 34453 of 34458
" ... I would not like to guess what the share price will be before rig news arrives , if it arrives ever. ... "


First of all, if you base your investment upon 'guessing', then that doesn't exactly instill confidence in you postings.

Secondly, to the extent that you are expressing scepticism about the rig news arriving, that is actually a GOOD thing for the TRP share price outlook.

Because if there was no market doubt about the rig news arriving, then that would mean that this great news was already fully factored into the s.p.

But apparently there IS doubt; which means that when that doubt is removed, there should be a big share price rise.

Though of course that will only be for starters.

Securing a rig is just the key to unlocking months of excitement and positive newsflow.
Tower Resources share price data is direct from the London Stock Exchange

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