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"I'm not interested in 50% gains...." That's to 7.5p!!!!!!!! Why would anyone who has been invested here for more than a month and has more than half a brain be happy with a price of 7.5p? People here now proclaiming victory as the 'bottom has been reached'. Typical goldfish memory to ignore the prior price collapses and pretend that everything starts from today. It's the same company and same (mis) management team with the same inefficiencies, same lack of trust, same lack of communication and same enormous admin and remuneration costs. New investors might do OK but I hope long term investors have not been averaging down with each (frequent) price fall. Anyone who has more than 1% of their share portfolio in AAOG is a lunatic.
Benny has gone to stay with yinyan to regroup the troops, (:-))
YinYang - the second holdings RNS from Miton is nothing to do with them selling. As Washers correctly pointed out, under '2. Reason for the notification', the X is in the box for 'An event changing the breakdown of voting rights' not 'An acquisition or disposal of voting rights'. The change in their % holding clearly relates to the increase in total voting rights to 396,548,396 as a result of the placing. It's there in black and white.
So you are either being lazy and not reading the RNS properly or you are being willfully misleading. I will let others make their own judgement as to which.
Nice comeback, but people reading this BB have seen your true colours. AAOG #1 ramper, trying to get everyone invested. The truth here may never be known. A tiny AIM company with such limited funds allowed to explore a licence that has a huge potential resource of oil revenue with SNPC as 46% partner here, seems too good to be true. AIM companies don't get these licences so cheap unless they have maybe friends in high places.
Also, I'm never locked in to a stock and I never feel that way. I'm prepared to sell at a loss if I no longer believe in the asset or management. It's an easy decision for me to make no matter how long I've been invested in said company.
This is an investment for me not a short term gamble and I'm here to make 5-10 times my money. If it has to drop 50% first then so be it but that doesn't mean I'm not annoyed about not having a lower average, which I've stated on here before. Regards DS, well hes not my first choice thats for sure but for me this comapny is about JB and I still believe hes working his magic behind the scenes. Hes got the experience and business acumen to make a real success of AAOG and with the Djeno from onshore, I truly believe this asset to could be a star in the making. Clearly we will have to wait and see if I'm correct but if in 3 months time we have a 5,000bopd discovery, AAOG WILL BE FLYING !!!!
So its not long to wait and the huge upside is worth the downside risk imho. I'm not interested in 50% gains......I'm here for the big prize ;-)
Yes, you made your point Tiptop and appreciated. What I hate more than anything though is when people like you get it so obviously wrong when you were ramping this when it was 10p and above and higher, convinced of DS's BS that all would make money. Now, with the SP around 4p, you still have the balls to keep that 'everything is fine' attitude and have nothing derogatory to say about your leader. You are locked in mate and won't do it, I know.
I've made my point and I shan't be revisiting it. If any subjects are relevant I will be happy to discuss otherwise I wont be wasting my time.
Thanks :-)
How do you expect anyone to have a reasoned discussion with you when every point you raise only has the worst possible outcome as the answer. For that reason it's hardly surprising many have chosen to filter yourself and many others!!!
Yin, but you clearly dont invest in this company so your only purpose is to short or get a cheaper entry price. In that respect everything you post is going to be worst case scenario, worst possible outcome and just basically trying to jump on any point that you can try to put a negative spin on.... Including the holdings RNS today.
I have no problem discussing the downside of AAOG with fellow investors because believe or not AAOG is not perfect!!!!
I do believe that Miton shorted the shares from 10p and I lodged an official complaint. Unfortunately there are lots of people out there that believe making money is more important than morals , I cant change that but I'm very aware it happens in this industry especially around loans/placements....one thing Iam aware of though, for those people to make real money now, the SP needs to be a lot higher and that's where I believe its heading. Instead of being bitter I'm going to box clever and use their tactics against them.
Tiptop, I'm not trying to 'scare' people, I am providing a reasonable bearish argument against your so obvious bullish one. People can decide for themselves can't they?
£250,000 administrative expenses per month or around £3 million a year. This has to be deducted from the cash being raised through the 'Investor Sharing Agreement'. This pays for salaries and expenses.
To make money from others losing their investment is one thing but to try and encourage this by scaring people from their calculated investment decisions makes me truly question peoples morality. I'm here to make money with my fellow investors from seeing AAOG prosper but I'd rather lose every penny of my investment than turn to shorting and sledging. You've really got to question society when some not only gain pleasure from others losing out but to actually gain financially is beyond belief.
If this goes tits up I will walk away without regret but being very happy with who Iam and the lifestyle I've chosen :-)
Tiptop, the share price rise is probably more due to investors not following the story here. Miton have averaged down and I explained earlier, probably profited from doing so. Now, if Miton think that JB and DS are doing a mighty fine job, they will go long (already at 5.2p and making a loss) or they have other plans. The fund raise is a monthly occurrence over the next 12 months and the min. 75% that AAOG get from the monthly sales for their future plans depends on what the SP is. Now, if there is no demand from buyers because of lack of good news, this could go much lower. For it to go higher, the company needs to say the rig has been contracted and the spud is set for a certain date to drill the Djeno. To be able to say that the company is ready to drill the Djeno obviously relies on further funding being drip fed into the company on a monthly basis while at the same time it burns around £250,000 in running costs.
Tiptop, so you are AOK with it then. Watch what Sefton does here. He is a liability, he needs to go. Amateurs don't survive.
https://www.youtube.com/watch?v=5tZlu4wP4pw
My pension is doing just fine thankyou. I've been very successful in this industry over the last +20 years and expect AAOG to be no different. Hope you enjoyed the sentiment driven rise today. I get the feeling that Karma will be catching up with you trolls over the coming weeks at AAOG. Just my opinion of course :0)
Ying yang. You need to actually know something about this industry to be a troll. Miton are just holding their AAOG shares across 4 holding accounts which is not unusual and a real non event but of course you are trying to make it a problem.......sheesh....!!!
MITON UK MICRO CAP TRUST PLC
2.72%
LF MITON UK SMALLER COMPANIES FUND
4.26%
THE DIVERSE INCOME TRUST PLC
2.88%
LF MITON UK MULTI CAP INCOME FUND
9.55%
A reminder of how Sefton has misled. Yes, I know i posted it before.
*** RNS 13.02.2019
Highlights:
· TLP-103C to produce from the upper reservoirs by comingling production from R2 and the Mengo, following a double completion including a one-off frack of the Mengo
· Initial anticipated aggregate flowrate in excess of 1,500 bopd for the first 14-18 months
· Projected financial metrics at 1,500bopd:
o c.US$1 million/month net free cashflow generated
o breakeven oil price falls to below US$20 per barrel
· First production targeted for April 2019
· Completion of the Well to production will be funded from existing cash resources
Change of plan was announced officially in the Final Results and in a video with Sefton, then a few weeks later, the placing announced even though DS said previously that a fund raise would be the last resort. BS
I really hope investors get their money back here and more. It's not their fault when they have been told of mega-riches coming soon only to be diluted on a change of plan and now more delays and problems with SMP and the financing not potentially being able to raise enough capital. Sefton, you clown, you made it all sound so easy. This is the Republic of Congo and despite your contacts, they will do whatever the feck they want.
Miton have a short and a long on their holding I expect. Stupid not too.
Miton Group with their 19.4% holding could lend them to Riverfort and YA as they have to sell 9 million a month for the next 12 months, or is that me just being silly?
Come on Washers, you know it makes sense. These big boys hedge their bets to make money on the ups and downs.
You see when a big II has subdivisions within the group, one could be selling and the other buying. They are on both sides of the trade.
LOL NOPE
GLA