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~63m volume since drop, I expect another 20m volume needed to see LO and PO stock settle, then it rises on small orders into a quiet order book and before you know it it’s 0.8-1p again. (Unless x or y happens )
Until volume : just Dripping what they can with tiny trades to clear their books in to no volume, Just needs churning…..
Last purchase done in this share,not expecting much.in for a penny in for a pound with a 100% loss ( hope not ).
Not sure where you got the 120k/year CEO salary from. I get $1.5m 2016-22.
I understand you are bitter as seemingly the company has been a huge let down
But like with HE1 at 0.2p having been a disaster for holders I see AEG at these prices being a decent risk reward ,albeit still with big risks
The market needs to create or allow a large volume day to clear the backlog anď/or with any positive news on their claims for a refund
@Deltalo
How can you say there's progress in the background?
Because of the sugar coating statement:
Based on the continuing strong product interest from potential customers, the Board is confident in the significant future commercial opportunities for CoalSwitch?
This only means you know nothing about this company. It literally means nothing. A whimsical promise from a liar. Nothing real, nothing tangible. I'll point out that the company doesn't have a product to sell. Or a means of producing one!
(FYI, according to RNS, there's been a strong interest from potential customers for years now, means jack if there's no product to sell them! :) )
This company is a Ponzi scheme. Michael Rowan paying himself 120k a year for fronting an AIM company that is not profitable, has no revenue and has no product to generate revenue! It's a joke.
@Laura
Why would you expect a large volume day soon? 2 of the largest shareholders dumped their stock for a reason.
This stock is illiquid. It never has high volume days, even on good days. Bad news and exiting shareholders don't equal high volume purchases.
Yes itisagame
One would expect a large volume day soon,I have been buying AEG at current prices too
Just got to Churn churn churn ….. all them shares Lombard and pm have been selling large stakes against each other in open market, will prob need to see 4x the volume sold to settle them in to the market, their brokers would have taken the stock on and are just dumping in to any price and volume, when it stops it will bounce.
Thats the trouble with stocks that have little buying volume, naturally the price drops as they dump at lower and lower, but the benefit of a lower price is they can dump more shares for less money to others willing to take the gamble.
Took my second small amount at 0.43p, still a gamble and I will moan to myself when it’s NT to quote or sell on illiquid quiet days but at half a penny it’s a short term punt with reasonable odds of success in my opinion if aware of the pain it could be, but i have no intention of holding for any long term development and will sell when I can in to any volume at higher prices, just personally trying to take advantage of PM and LO and whomever else is selling at almost a 100% loss as I have with countless other stocks they have done the same in, some you win some you don’t.
For both the reasons posted over the last few hours ,AEG at 0.5p offers decent gamble on positive outcome
As NFL stated yesterday that the sp is 99.9 percent down from 196p in 2016, so the upside is absolutely massive.
I know it’s had its setbacks but there’s definitely progress gout on in the back now.I’m happy to hold a few million here. Gla
Based on the continuing strong product interest from potential customers, the Board is confident in the significant future commercial opportunities for CoalSwitch® fuel, notably both in North America and Vietnam, and is encouraged by the ongoing discussions and evaluations currently being undertaken by several alternate commercial production partners. The shareholders will be updated with these developments at the earliest opportunity."
11 March 2016 SP- 196p
Q2 16: MR becomes chair
Current sp 0.045p
Decrease in value: 99.9%
Where did you read that most of that 1.4m from H1 was related to the plant?
Player took this onboard 1.5 years ago. So I see no evidence that it all or mostly came from 2023. It came from the sale of Lumberton and may have been paid to Player in 2022.
Like I mentioned already, Player was supposed to be financing this plant entirely, so why was he handed 1.4m?
Dodgy behind closed door dealings is why.
Fridays RNS was not positive at all! We have little to no cash, no plant, no product & our partner has sailed us up the river with no paddle. If you read any prior RNS you'll see a trend of Rowan sugar coating terrible news with some lame statement.
From July 2022:
"In order to accelerate the supply of production volumes of CoalSwitch, PDI has now committed to take full responsibility for permitting, financing and constructing the first CoalSwitch® production plant in Ashland, Maine (the "Ashland Facility") which PDI will own and operate. PDI has already ordered the parts required for the completion of the Ashland Facility and has confirmed that first production volumes of CoalSwitch® will commence during the first quarter of 2023. Active Energy will sell these volumes of CoalSwitch®, once produced, to prospective customers.
https://www.lse.co.uk/rns/AEG/agm-statement-and-strategic-update-tz1z0nkj2wlj78b.html
They had £1mlnnlast t of spend for 2023 was the upfront spend for the plant etc (which they are claiming back )
The FRIDAY RNS was quite positive and the Milton sells (x 7) did not go to the market they went to off market buyers according to another share site
I am well down also. The cash must have dried up by now. Obviously if we can sell the equipment soon this will move the price to allow them to raise more. Its strange they got the Enviva people on board when they must have been aware of the PDI situation. As I mentioned before Player haven't sold their shares as far as I know. Why? It's probably worth a small punt.
Wish you luck too. To note, I've been in here since 35p (1p pre split).
Market makers likely facilitated the trades, not new investor taking a long position.
Thankyou
I didn't see them at the time
16mln shares MUST have been bought by someone off market as P.I certainly didn't buy them on Friday!
I understand your frustrations having be here at 1p,2p + but I think 0.5p offers a decent risky flutter
Gluck
L
Buying has picked up today, hopefully a bounce up.
Tiny mkcap.
Why hasn't Tyler sold his shares? Maybe he is selling?
The trades did show, in a batch of 6 or 7.
Why do you think the share price will rise dramatically, when one of the largest and longest holding shareholders dumped their entire position?
They hardly think so!
The company had 1.2m cash, 7 months ago. That's all but gone.
Only £800k market value but £1mln at last accounts and from Friday (below )
The Company retains ownership of some of the production equipment and components being used in the construction of the Ashland Facility. The book value of this equipment currently situated at Ashland was, as of 30 June 2023, valued at $1.5m. Additionally, Active Energy has contributed the cash sum of $1.1m towards the development of the Ashland Facility and prepaid PDI a further $300,000 for future services. The Board is now seeking the immediate return of these cash balances
They sold the lot on Friday but as far as I know the trade did not show
Should rise dramatically
https://www.londonstockexchange.com/news-article/AEG/standard-form-for-notification-of-major-holdings/16309068
Should rise dramatically
Milton 10% to 0%
Hope it works out kiwi
I think there is a chance of retrieving value here
Dividends Friday from BT long time since I have invested in this share,am over 90% down,may take one last purchase if prices are still this low. In for a penny in for a pound in for 100% loss.
Thanks
I hope we can both do well here
Hi Laura
I hold AEG as well and down 80% now but not much money. I should have averaged down but not confident at the moment and just leaving it as a gamble. HEMO is my main investment