third time lucky?, page-10

TRP unlikely to be able to raise new funds for another drill?
Technical respectability greatly reduced by two dusters after such positive hype. We REALLY know where to drill this time... :-(
Directors are common to both & have a massive stake invested...
...err.. a smaller stake now...but still significant.
GBP have cash.
**** or bust time?

Some possible options:

1) TRP may try to farm it out (at greatly reduced terms), not good but still some return through both GBP & TRP. TRP spent a long time trying to farm out before...

2) Go all in & GBP fund another well, more than likely on better terms?

3) Call it a day in Uganda & hope that (free carry) Namibia comes in a few years down the road (for the TRP directors... GBP have other avenues to pursue, & a little cash to pursue them).

Remember that the directors who hold significant stakes hold them in both companies. What would you do?
Confidence must be severely dented on the block.