Touchstone Exploration Inc T.TXP

Central Block

[Dow20000]

10:1 will only happen if Paul goes to London and gets the money.Can anybody remember
OILEXCO drilling in the North Sea and Art Milholland taken the stock from under $ 0.40 to $ 19.00?
Yes he loaded the company up with debt and at its high reached $ 700 Million before things turned sour for him.He bought an Estate property for $ 20 Million in Maui and called it a day.You win some and you loose some,that's the name of the game.

[Margin321]

Paul cannot easily get the money in London. If they do an equity raise at this share price they will dilute the hell out of LTH.  They need 33 million and market cap of company is below 100 million.  With the discount you can expect the shares would be diluted by 50%.   And no one in London is going to lend a microcap resource company in their situation 33 million - even at

[matt2018]

If $33M is a stretch for these guys, then just focus on getting the $10M for the 2025 program. They should have received a commitment on that by now. Its embarrassing even talking about these small amounts. If the results would have been better the last year and improving to the upside instead of cutting production guidance multiple times, then perhaps the market cap would be at a level where you

[filefish]

You're right, its an embarassingly small amount that they should be able to obtain without any problem, at least the $10 mil part.. If I recall, Paul said in mid December that they had the fiinancing from Republic Bank, but they did not like the terms and so they would continue negotiations in January.  If all else fails, I have a suggestion... maybe Paul can walk a few blocks down the

[Dow20000]

Don't get your hopes up,the money is in London.If that was going to happen ATH would buy out Paul and all the hanger oners.

[Tad]

Touchstone has deferred drilling their first hole on Cascadura B Pad which originally was schefuled for early December. in the mean time, cash has continued to build in the company's coffers. As well, there were additional debt repayments made in December that opens up additional funding from existing debt facilities. December production could be a surprise on the upside resulting in higher

[Dow20000]

Good point about dealing with Republic Bank, but Banks will coss every T and dot every I,ten times and they don't care how long it takes.