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Serious or not BG I am still interested in your view of the sp movement both short and longer term; Farm-Out news to the Spud Date to Drill completion etc...
Mat I didn’t say I was a master trader you said that, if I was perfect I would of got to 2.6k @ and in the 20’s now since March but I’m proud of that fact, whether I make full payback for years of pain and losses or not I wish every shareholder here the best as many suffered more than I have and some have past away waiting, get this Farmout done and we can all look forward to a transformation time for AEX, here to a positive Monday so get ready to charge your glasses for north of 1p GLA !!!
Evening
My money its on plenty of investors waiting on the side lines awaiting the final sign off which provides a massive de-risk. Hopefully this money will stay in until the drill results, other news... Always going to be traders who will trade this - as I will using a small % of my holding.
Once approved AEX are then basically a passenger on Ruvuma fully carried and will then pass the baton which many new investors will find appealing
MC is approx £37.5m at 1p - now with very low G & A costs plus with a free carry at $35m and and some cost cash back at approx $2m equates to a total of £30m ($1.25 rate) so basically now priced at £7.5m for:-
Ruvuma gas in place plus new drill Q4 or Q1
Kiliwani North-1,
Kiliwani Gas Receivables - $6.7m plus interest and
Nyuni Area PSA: Second Extension Period and Work Programme
Maybe income generating partnership
Also positive news re the new Crude pipe line so is sentimet finally changing for O & G companies in Tanzania?
Should re-rate on the news IMO and I still think there is a possibility that AEX could be a take over target at some point in the very near future
Good Luck All
evening Crusty, not being to serious there, just a bit of fun really or trying to stimulate a bit of debate, how do you see the SP movement in the coming weeks/months, re anticipated news?
So BG if the sp does hit 1.50p after the FO announcement how long do you think it will stay there? How long until the spud date is announced? And what price will it sink to before we reach the Spud date?
50/50 for crossing the 1p barrier tomorrow RoJo, that's my take. But i'm thinking the SP for the F/O completion, 1.20 plus, and up to 1.50 leading up to CH-1 announcement over the next month or so. excitement is going to stat to build.
0.95 or 1.00 tomorrow I wonder ?
Never has a penny brought such excitement.
I'm in profit now but it would only buy me a fish and chips takeaway.
Well done anyone that is making a profit, regardless of a few % after fees. Farmout completion followed by a spud date is the Goose.
Been a bl00dy long wait for this drill!
You are amazing Frank. I really hope one day I can be as wise and masterful as you.
No Frank, I don't think it's masterful at all. For a while I thought you'd decided to drop that sort of personal trading info for good.
matherdj ha ha I got in below .80 on the interview day after selling at the top .90 above that day (NOW THAT IS BEING A MASTER YOU WOULD AGREE) since you ask, buying at that level is not expensive considering what this will be on the drill (Worth Remembering That) told you my views anyway 1.20-1.40 before Farmout is my view and is too cheap at 0.975p have a good weekend folks !!!
Not sure what to make of the last 3 trades of the day
It was probably that master trader, Frank.
Bizarrely it is now also showing a sell for the same amount at 4.15pm! @ 0.90p!
2,969,394 … Expensive?
@15:01:33 @full 1p ask, hence the late rise.