TPT
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0.00% 0.9¢ tangiers petroleum limited

As I posted yesterday GALP sp is 13euro or 18aud and their...

  1. bodgea
    380 Posts.
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    04/08/14
    13:15
    Post #: 13764950
    As I posted yesterday GALP sp is 13euro or 18aud and their market cap is 10B euro outstanding 770m shares. An exploration well will not impact hugely on their sp given they are only a 50% holder and it pales in comparison to their active holdings. Also the US market issues caused a global drop in sp so all this goes to why they are most likely not concerned about going TH on this drill. TPT on the other hand is a completely different scenario, any find is a big issue for a firm with a 32m mc and a sp of 13c!
    TPT Price at posting: 13.0¢ Sentiment: None Disclosure: Unspecified
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    lightbulb Created with Sketch.  Great analysis
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