The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Still no real movement and price is still dropping, still holding but this is a waste of time and space
Still it seems you get quite a bit of company here for £2m
Cash flow and potential asset sale could give this a bit of a boost
"At current oil prices, no material changes in the way the facility is run and based on achieving a rate of sales of 3,000 barrels per month, the directors believe that the investment could net between US$30,000 and US$40,000 per month in cash distributions to the Company;"
ADME has been pulling that ‘premium raise’ trick for years — no need to take my word for it, just look back through the RNS history over last few years. they’ve actually used it quite often; it does not then translate into any substantial lasting share price rise or change in the company’s fortunes.
it’s just a way of trying to make ADME’s shares look more valuable than they really are, whilst simultaneously trying to inflate the apparent paper/book value of the ‘assets’ which they claim to be buying into (- especially when those assets are actually coming from associates).
this particular RNS is hilarious; if you look at the new biz they are buying into, ADME is quite literally going to be scraping the bottom of the barrel now.
Looks a good deal surprised, at market reaction so far.
Havent seen a deal like that for some time, excellent job
Commenting on the Equity Subscription and Reclamation Investment Stefan Olivier, CEO, stated: "The equity subscription and cash generative investment announced today are material for the Company. Completing the subscription at more than 100% premium to the current share price demonstrated confidence in the underlying value in ADM, quality of our new investment and the board's strategy that we are executing."
“ADM did not exercise its option to acquire additional Class A Units …:
SO may be “very pleased with the progress “ but there hasn’t been any reaction in the market
.
Here’s to Texas
Wasn't a bad announcement, see what happens now, how much the field is valued at with the new data
Personally I wouldn't say a £9k sale of shares is in the realms of a 'DUMP' haha, as it hasn't even affected the share price negatively.. it's actually up on Google.. ;)
Good try though
(share price reaction, and the 2.5 million dumped this morning after the RNS, shows you roughly what the market thinks of stefan’s games with aje. ADME’s cried ‘wolf’ way too many times with the aje stake for any to take it seriously.)
… just means that stefan is limbering up for another attempted placing.
Interesting RNS - hopefully some good news on the horizon - securing a better selling price for our % of AJE on increased value of the asset!
Someone was in early this morning selling 2 shares to get themselves almost one penny
As far as I can see there seems to be frequent daily dealings In shares here of under £10 stg.
Often only 1 pound. What’s all this about? Checking to see if the market makers are still there?
We should be due the updated 3D seismic results soon
Early buyer this morning spending 9p ((plus commission and stamp duty?) for 20 shares
No rise yet at 12.30pm
This will rise tomorrow, I am seeing some similarities now that I have seen happen in the past to this share
Somebody tried to move the share price & create a bit of a buzz to sucker in some new mug-punter pis by buying about £6,500 this morning in several chunks.
but it looks like no-one fell for it, so they just off-loaded most/all those buys this afternoon.
zombie share.
Spikey will always let you know what’s going on as he’s a none investor, lives and breathes ADME
Probably just spoofing, imo.
Does anyone know what has caused this morning’s sudden relative enthusiasm?
Maybe the Board has arranged a meeting; now, that would be news!
0.44/49
atm