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0.9¢ tangiers petroleum limited

It's not a "clean shell". It's got that obligation to pay GALP...

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HCGhost

12,484 Posts.

6

09/10/14

14:39

Post #: 14100402
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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.

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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
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