Market's view on Touchstone Exploration
Published on April 2024
- Stock watcher notes a significant gap closed in the market today.
- Another mentions confusion about investors’ reaction to a major shareholders meeting, suggesting a wait-and-see approach among institutional investors.
- Predictions of stock prices slipping below 40.5p, citing lack of forthcoming news and a historical downward trend.
- Concerns raised about the lack of new institutional investment and shares selling, attributing low share prices to various speculative theories and blaming management performance.
- Discussion about the stock being well-positioned for a price increase based on current market levels.
- Questions raised about a CEO’s previous optimistic financial announcements, juxtaposed with the current ‘wall of debt’ scenario.
- A report on Touchstone announcing expanded bank facilities which could finance their 2024 capital program and provide general working capital.
- Updates on progress at the Cascadura field with completed clearing and ongoing development of road and flowline projects.
- Mention of an interview discussing technical aspects of operations and licence management.
- Stock watcher looks forward to summarised notes from a detailed discussion between company executives and a known industry analyst.