Market's view on Tower Resources
Published on April 2024
- There are concerns about fake trading activities to artificially inflate stock prices, with some investors needing a 100% rise just to break even from their previous purchase at 0.04p.
- Reports of private investors dumping shares, indicating a lack of confidence and requiring ramp-ups to sell into potential false market rises.
- A stock watcher mentions water shortages affecting areas, though the relevance to stock discussions is unclear.
- Updates on Q1/Q2 include completed licence extensions, EECP placement closures, options sorted according to the Incentive Plan, asset level well financing, service contracts, spud dates, rig mobilisation, and pending news from South Africa/Namibia.
- Disagreements are present among stock watchers about the factual accuracy of the presented data.
- Discussions of scams with some individuals trying to raise the share price unsuccessfully, and others calling out the activity as deceitful.
- Debate over the exercise and selling of options not being reflected in daily trade shows, with specific mentions of options exercisable at 0.018p.
- Various claims about the stock being undervalued juxtaposed with accusations of it being part of a scam with a ‘trap door’ scenario.
- Comments on stock activity, including a significant 50 million stock sell being easily absorbed, suggesting some resilience or manipulation in how stock movements are perceived.