Tangiers Petroleum - TPET Stream Log

For those worried about director’s activity – nothing murky or unsatisfactory – quite the opposite IMHO as it shows directors investing in their own business. Get a grip fellas - particularly on currency. Amongst several other purchases and options one director BOUGHT (at a price agreed earlier) @ $0.29 Australian [£0.16] and has the OPTION to buy [obviously at a price agreed beforehand] @ $0.42 Australian [£0.23] at 12/06/20.17. Taken as a whole, the recent share placements have apparently diluted the SP in the usual way. IMHO we need the placement overhang to be admitted to ASX & AIM (happens next week) and the dust to settle. (Am I allowed to say ‘dust’ in this context!?). Then will be the time for the SP truly to reflect our well’s prospects. Fellow contributor Invest-wisely appears to agree, though I would not wish to put words in his mouth - see his 09:56 post.

Cream Walker: I think because the price ($0.42 Australian/£0.23GBP) was set a while ago.

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Up 28% sharpish

Offered 12.5 :O

y. Jacka notes that the $300,000 it has drawn down under the Tangiers loan facility will be required to be repaid within 90 days of completing any proposed capital raising.

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