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To the 4-6p guys ... you do realise that the sp only dropped on the first 10 mins of the day yesterday then bounced back up to 6.50 and formed a firm support for the rest of the day , just before eod, no decent volume of shares were available under 7.5p hence almost all of the ASK before closing were at 8p ?
Unfortunately, no more heavily discounted shares from the sheikh so we’ll see sp recover on Tuesday morning !
Hardly being Pedantic is it duster I know what I'd rather have - 100-1 consolidation sorted, big seller out the way and a completely different company on the verge of generating profit. You can whinge all you want but the chance for a cheap entry was on Fri good luck...
A positive RNS would do it but I think they'll be quiet next week which will compound the issue.
Sentiment will drive it for a while at least and as we know, no news equals an SP slip. 4p. Just my pennies worth, could be wrong
Thanks guys. I have only been posting on upside of Adme and keeping an open mind. I posted earlier that the sheer volume of shares sold would reduce sp, rather than the Sheikh departing. This opinion would be reflected next week.
Atb. Thanks
Mcadder dont be pedantic - times todays shares by 100 ( consolidation) and u will find that there are many more shares equivalent today than when before the shak was involved as u very well know
ellen's posts removed - maybe went too far stating fr a u d. That is for each of us to judge - easy enough to google , just dont mix up the various sheihks.
woodstock - maybe u replied to someone whose post was removed and the whole thread was deleted including replies
Woodstock I wouldn't worry 1 of my earlier posts disappeared too however that's nothing compared to the numerous posts from EllenRobert that have been deleted lol
Some of my posts have been removed for no reason. New one on me. Has anyone else experienced a similar thing ???. I was being positive about Amd and don't understand the reasoning.
many more shares? After the consolidation I think I'm happy with 47M shares as opposed to 4.7B ffs. But don't worry if this did go below 4p I'd be more than happy to TR1 myself. Problem is it's heading back up next week not down so I may add and hold with about 1M shares for now
No , I see this going under 4p like before the shrek was involved - as many more shares now - and I think many only bought in because the shake was here imo
Well I'm absolutely positive you'll get back in BlueFiesta only it won't be in the 4-6p range - maybe double that and you'll no doubt quietly buy back in and sing ADME's praises!
Too many people happy to buy back in at this level sorry to burst your bubble...
Just think sentiment is now against this. 4-6p and I'll come back in,
We know the future of the company is strong, this year extended 20 year license in aje field. Short term would expect a steady rise. Any positive news regarding new assets will move the share price 100-200%.
chriszzr, 1,800,000 of them got exercised then dumped
in mid june when the share price here was in the low 30s.
(sheikh would have made approx £0.5 million on that.)
RNS 19 June 2019
ADM Energy plc
("ADM Energy" or the "Company")
Exercise of Warrants and Issue of Equity
ADM Energy plc, an oil and gas investing company quoted on AIM, announces that it has today allotted 1,800,000 new ordinary shares of 1 pence each pursuant to the exercise of warrants at an exercise price of 4 pence per share providing the Company with proceeds of £72,000.
On the website it states that warrants are 6,700,000
I thought they previously stood at 8,500,000
Could they have reduced as Sheikh no longer entitled to them?
Currently the MCap is £4m (equivalent to the company’s income and cash in bank) & RSI is around 18% which indicates ADME been heavily oversold .. imo it should bounce back up next Tuesday. As someone said yesterday, no more heavily discounted shares from the shiekh in the market.. placing was at 16p two weeks ago and ii increased their position a couple of days ago @15.5 !
Imo traders will be trading ADME all the way up to double figures next eeek.