TPT 0.00% 0.9¢ tangiers petroleum limited

clockwork like Crows, frustrating the heck out of the private...

  1. 1,425 Posts.
    clockwork like Crows, frustrating the heck out of the private investor, seems to be working just fine. Other shares I have got have doubled in recent weeks and ol TPT, well what can we really say. It's been like an old hen trying to lay an egg.

    If you look at the company since management come on board we really haven't had any progressive news that would enable re-rating. The main one being Morocco still has yet to be finalised officially. So from a value perspective we had a raising and cash burn in between then and now. New tenements/projects hinge on Morocco becoming unconditional, so we continue to wait.

    I know we didn't have that before but when looking at it objectively you could say that the company hasn't really done anything in about 18 months, except burn cash.
 
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Currently unlisted public company.

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