Tower Resources Takeover Rumours (TRP)

"Why should a Company pay $15m drilling for say 50% stake in Cameroon when they could buy the whole Company out for $15m and then also get Namibia and South Africa as well" Risky No wonder you are a crap investor when you come out with utter shite like this. For a takeover to happen the majority of shareholders have to agree to it. $15 million is about £10.5 million = 0.06p a share I would reject this. I own 2.7% of TRP JA would aslo reject this and he owns 9.5% of TRP In fact the vast majority of shareholders would reject 0.06p You don't seem to understand how takeovers work Now if someone came along and offered 0.3p (which would value TRP at £50 million) then shareholders might agree to a takover. Do you now understand ?

"Why would you put £12m for a drill when you could buy the licence for peanuts ie when it expires or buy this company for £7m" A lot of your posts are nonsense but the above takes the biscuit. TRP won't let the licence just expire. TRP have a 6 month contingency lined up with the governemnt and SNH post 4th FEb 2025 if needed. Nobody could buy TRP as a company for the £7 million which is 0.045p per share. When someone bids for a company they have to get over 50% acceptance for the offer to become conditional Would JA (owns 10%) accept 0.045p ? NO Would I accept 0.045p ? NO Very few would accept 0.045p So to get a bid to go through they would have to bid much higher I might consider a takeover at 0.25p Clearly you haven't got a clue.