Australia's largest stock trading and investment forum Australia's #1 stock forum

TPT

Click for more information

0.00%

0.9¢ tangiers petroleum limited

Ann: Notice of General Meeting & Capital Raising, page-56

First 56 Last

Share
Profile

Follow
HCGhost

12,484 Posts.

6

09/10/14

14:39

Post #: 14100402
Share

Originally posted by homeboy ↑

As I have long stated, the only people who ever made money in the stock were the brokers and the Management on $400k pa plus expenses.
This CR is a joke - I mean who in their right mind would consider investing in this diabolical load of nonsense. The firm is worth more as a clean shell for entry into the ASX, which is what happened to DVM essentially at the very start. All that anyone does here is pay for the Management to be salaried and have a free option to look for alternative employment. I do not blame David and the team, this issue all rests with that broker who forced EH out, that was the beginning of the end. Had EH remained and been permitted to diversify, the sp would at least been a lot higher than 0.006.. In any case, nothing to see here.
The only reason to buy this firm is in the hope it morphs into something else in the next 10 years and these shares might be worth something. Otherwise, utterly garbage stock here.

Expand

It's not a "clean shell". It's got that obligation to pay GALP however many million if market cap exceeds however many million.

TPT Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMA

Issues emerging as Australian companies tackle critical minerals challenge

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 2 more messages in this thread...

First 56 Last

Add TPT (ASX) to my watchlist