RE: An insightful post full of useful meaning2 Oct 2019 19:16
Just read the termination paragraph in the 17th July RNS, there’s your answer. The 5 days part is to do with shares sold in the prior month so aaog can work out what the ‘investors’ will pay for that month. The non binding part is in reference to the deal which was brought to the bod/nomad/existing investors, who passed off the deal. Hence the finalisation RNS and subsequently the issuing of the isa shares. So I’d say no it can’t be cancelled.
Don’t focus on short term swings..... Jan 19, 16.5p , Oct 19, 2.9p. That’s some swing and it isn’t short term, there’s another saying ‘let the trend be your friend’ !!!
You forgot about the 110m shares that will be getting sold into the market Tiburn, is that not a perceived downside that will hamper any rise especially as each day the sp has low volume and is 50% below the benchmark price the more shares that will be rolled over!
That has nothing to do whatsoever with this share or any other, aim or the stock market at all. You would be better off spending your time wondering whether the dodgy drill rig is still under retention by aaog or the undated smp link is correct. You could even see what the volume has been over the last month to see if you could work out how many shares the ‘funders’ could have offloaded, and how much funds aaog could receive. Everyone to their own I suppose.
Are you some kind of control freak ES, should this board not discuss anything positive if it’s already been discussed before also? You refused to discuss anything negative at 8p plus a while back and look where that’s got you!
I see they’ve dropped the November drilling now and are seeking a back up rig , surely that means negotiations aren’t going too good. Could be in the 2’s soon.
Great point astonvillatrader, guess you’ll be going in the sin bin for not posting, oil has been found, it’s leaking from a dodgy plug, it’s under its own pressure blah blah blah!!
Maybe admin are fed up of all this patio green box stuff who knows? Anyway will the 3p break before news of this massively drawn out negotiation for a rig?
The business and business model is still busted, simple as. Bitter investor/investors , remove the board and then what? Will Argentina/India/Indonesia suddenly start to make money? This should of delisted ages ago!
It will be interesting to see how much aaog receives from this deal per month/total and how the funders play it. Will they announce it on a monthly basis to investors?