Aiming to commence drilling Oct/Nov. Not long for RNS on drilling programme.
Cash management must be applauded.
Worth a read if not already seen. SP Angel and Market view of why SP as is. http://www.thecsuite.co.uk/CFO/index.php/finance/financial-markets/96-edge-resources-edg-shares-454354
RE: rns going forward
I share your opinion that Brad is playing things down. After careful reading of the reports clearly things could have easily been worded in a different light causing a price boom. But why is the question, my thoughts are that he's at tight financial stage in negotiation of more acreage and a drilling program and after a minimal price. Last thing he wants at the moment is a surging share price which counters his ability to hammer down on price for the best deal. Thats why we havn't heard anything yet.. hes still negotiating with drillers and landowners.
rns going forward
I share the opinion that we need the drilling plan to complete the picture' however the only way so will go north is regular comms and the only one who can do this is brad. With RNs to drive sp the price will only drift. Also the news delivered could have been delivered sooner with a follow up drill plan to drive sp. Just my opinion
Communications from BN continue to be poor but there's nothing new in comparison to other quarterly releases. TSX-V rules on blackout periods are far more onerous than UK closed periods and there's weeks (can't be precise) around each quarterly results when nothing can be released publically. I really can't believe there's any gain whatsoever in BN trying to peg back the sp and don't believe it feasible that he's attempting to do so. The RNS, imo, was pretty basic, expected by most due to the high wcs price within the period and contained no forward looking fresh info. On that basis selling occurred, there's quite a choice of greater action elsewhere and the fickle move on. I don't trade, I'm useless at it, so I stick through thick and thin with a company I have faith in to deliver, despite the almost guaranteed low spots. 60 odd wells to go plus confident bank support cheer me through those moments, just a question of time before there's a very real take off.
RE: people are selling because
there is no way a CEO doesn't want the share price and valuation to go up ... Edge has very low interest, flexible and quite substantial funding, big reserves and good production/revenue proven by record quarters ... my guess, the last piece of puzzle before a rally up: they need to communicate to market what's the plan going forward to improve prod/revenue ...
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