Edge are now using both Sanlam securities (broker and NOMAD) and SP Angel (joint broker) Brad decided to cancel the contract with Buchanan stating their monthly retainer and expenses were "Hefty" More good cost cutting by Brad, Buchanan hardly done much, I remember phoning them two years ago and they didnt even have an email address for Brad!! Magnum
Stretch the patience further.....
Spot on tetchy, excellent post and says it all. Suggest we keep faith in Brad’s abilities, believe that important developments are happening and stop worrying about lack of official communication that will only come when plans are complete and Brad is ready to release. Only fools and desperados will exit at the current price. We know that Nov 21st is 12 weeks on from the last MDA release so within 3 weeks this plus Q2 financial statement will arrive via RNS. Brad has shown a liking in the past to lump news together so the key news we’re waiting for may well be included in one bumper package. Meanwhile the wily investor will beg borrow or steal to add at this much oversold price.
RE: I wanna tell you a story
This looks like the start to a 'John Grisham' novel. Lol I should consider the movie rights if I was you. :)
I wanna tell you a story ..
Part of Brad's email reply to Magnum was "and SP Angel (Richard Parlons), hint hint, publish full-on research documents that each contain production estimates" Yesterday, I was wondering what the "hint hint" was suggesting so I tried SP Angel's website. To get the research documents you have to register, but to do that you have to be an investment professional etc. Rather than try to blag my way in, when challenged I just said I was a substantial private investor and would like to see the documents. A few minutes later, back came an email: 'What stockbroker do you use?'. I replied Barx and a few minutes later he came back with: 'I will get someone at Barclays to send'. Blow me down if I wasn't sleeping peacefully in work this morning when - thump! I nicely bound 130-page A4 colour book landed on my desk. Hard copy; I was not expecting that (hope I do not get an invoice). It is a very detailed financial and technical report which I will now try to read; wish me luck. So I suppose the moral is: if you don't ask ....
RE: Re timescale
we know Brad is in the market for more acreage, the drop in crude price will deflate the competitions appetite, as we are one of Canada's lowest cost producer. I suspect the delay is the fact that Brad can now smell a bargain potential purchase. For me this is a really important piece of data that gets overlooked.. we are one of the lowest cost producers.. but have all suffered an equal slump in value.. Just take advantage in the knowledge if you can.
well brad can sell it whenever he feels like it for me as long as it's above 11.33 :-)
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