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There was a general market sell-off yesterday. Most indices were down, and as in March, small E&P companies will be seen as high risk. Totally understandable that some would see the recent rise as a good opportunity to sell out or derisk.
Ariel. Bought some more but not showing
17.00k Delayed buy popped up. Look like someone still interested
Maybe. I think the worm will turn next week.
Fantom - Decent buy at 11:29am nearly 1.6million, worm turning maybe....
Agreed Max. The big buyers will have run their slide rulers over this, done the charts and set the buying price. Now they are waiting for the process to play out. The company obliged by talking the Tanzanian government into the schedule got the farmout announcement on time to the framework. There’s no emotion in all of this. The plan is on schedule.
I’m with you MAX-Power, was initially gutted at the drop but now positively seeing it as a buy in opportunity, I’m buying little bits where I can.... Massive upside from here....
Just popped into what’s happening- great news! The more it dips the better! gives me the chance for another major top up. If people can’t see how games are played... let them sell. If people can’t see how a company with guaranteed income is so low.. let them sell. If people don’t have any belief let them sell. I will call Camarco in a few weeks for another update... you need a little faith... otherwise don’t bother! GLA
AA, I still think the market is finding its feet at the moment after the recent news, large volumes and large daily moves in the SP. I am hopeful that the SP will settle at a fair value very soon. My fair value currently is 1.65p due to the FO completing, the work programme in place and agreed plus ARA is now fully managing the show. All the other details re actual timing of drill and 3D and other outstanding items, when known, will then make its own impact on the price when announced which may be positive or negative!
Most investors major concerns (with what was discussed on here before the FO was agreed) have been take away with the recent news - of course there is still the unknowns at play (as with any investment) but as I have said I am personally looking forward now and not backwards and treating AEX as a new company. AEX is now supported by a large well respected O & G business (who just happens to own a substantial % of AEX) with plenty of investable cash already earmarked for spend/investment in Tanzania. It also appears that the gov may be a little more pro active going forward once the PSAs are all sorted- so hopefully the timing is now right and we have goldilocks situation where everything is just right! Just because its not been in the past doesn't mean it won't be going forward!
Still comfortable and positive with AEX as I have not seen or heard anything to make me think otherwise!
Yes nervous times, yet I would have thought that the value of the asset would have underpinned the share price way above 1p
Pretty shocked this had hit 1p TBH!
I am watching with patience with no panic - news has changed things but only for the better surely - updates & news flow is not too far away it seems so lets see what happens when announced!
Volumes seemed to have dried up a little over the last week (except Friday) so makes the SP swing easily. During Friday the SP hit 1.55p and its only Tuesday midday and at 1p to sell - Crazy times!
Will review end of the week, after the election, and may top up with a few more but I am comfortable with my main holding and if I bought any additional shares it would just be for trading only! I have enough keepers for now
Good Luck All
Until share holders stop selling it’s not going to stop, it’s a self fulfilling prophecy - it’ll drop to a point it’s not worth them selling anymore & then it won’t take many buys to raise it - let them keep bringing it down & then buy/average down I say...
to sell .....wtf