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Yes, I did deal and pulled out when I understood what was happening ,sad thing it was only a net £400 profit. So no I did not make a loss nevertheless £400 was a disappointment.
Amazing the amount of time that has been spent researching my success or otherwise and the interest created by my interest in the sp and the way it reacts to company announcements at the moment downside is still on the cards despite its good minor rally today.
Of course you know its path is dependant upon the next news.
I am sure you dont want me to reason why again.
As suggested the filter is a good place.
Remarkable that so many people take an interest in my blog.
Why would I wish to be given the benefit of doubt
Your opinion is yours
You think this stock is worth investment, I dont .
For me its barge pole status.
I have already stated why I am here, my main interest is in the SP not comments unless relevant to the sp
Your demonstrating you have the right to,and are trying to bully me into changing my view.
Correct buying and selling shares is all about making money, Although I have a colleague who on occasion purposefully makes losses for tax reasons.
As for' scaring off small PIs ,a silly statement .
In the first place I would not have the arrogance to suggest any PI is scared off or small.
Your arrogance says PIs are small ,scared and dont know how to research?
Your saying indirectly if they did research they would buy the stock?
What has anyone's material interest got to do with anyone else.
Are you supporting both a bully and stalker?
The comment 'if the Oil is there' is what it is all about.
If the BOD changes and control by the new BOD is influence free then a new direction and reorganisation of the company should reflect sp progress.
I have no interest in saving anyone ,or in telling anyone what to do.what makes you think that?
Surely all those investing make their own minds up.
My interest is the relationship between companies actions and the share price.
I do not give advice.
I have warned of sp failure from 12p down.
Many disagreed preferring the waffle of others who encourage buying all the way down .
When first mention the sp was lookin at 3p+ region the BB laughed as it did when forecast 6p,5p and 4p
If nothing comes from the BOD to offer encouragement to the sp then its looking at the low 3p/2p range thus making it difficult to issue shares at 5p.
The BOD have many ways of getting round that problem
No one individual can influence the sp in any way whatsoever.
According to several RNS statements by the BOD their is a question over the company remaining a going concern which according to them is negated by various finance offers.
The first of which has fallen through.
There is a second offer under negotiation.
If there is no RNS on processing the offer within the next few days it wont help the sp.
So a third offer may appear involving dilution and shareholders as long as they still have that£2.5mill.,shareholders fiscal commitment.
Until an acceptable offer is announced the company is at risk of insolvency .
Will we get an updated CPR?
The sp has held well but the 3p+ has appeared as warned, despite contra waffle .
No one will do anything other than ask for the directors removal despite various statements.
One simple way is to look at the actions in the governance of the company and request disqualification as being unfit to carry the duties of directorship.
If disqualification ensues
Voting majorities, board meetings go out the window..
Its a possible long shot
Almost -consolidate to 20p ,then increasing SII to allow 1p using the usual legals available .
Possibly eventual micro pence price so encouraging the herd investor .
Also means rethinking factors surrounding the sp movement.
Even spec savers should understand why Imminent RNS unless the funding deal is not going thru'
Apparently the funder is stance staunch so who are they and what are their reasons for being staunch or is it just more BOD waffle about how good things are?
With all that is going on I dont see how a bargain basement price can be made, any offer to raise money has to be at minimum 5p.
Too many problems to be resolved Unless the shares are rejigged, i e 5p value reduced or set price at 5p with benchmark delayed payment options plus huge options.
The company survives as do the BOD.
The SII has room for such movement .
Bear in mind the BOD are more concerned about running the company than the daily sp movement.
The company has exercised its right to retain the rig on site so continuing its right to use it for drilling. Exercising the right costs money.
The owners will refuse permission for the rig to be operated until dispute settled by payment or presumably CJ.
This legal dispute will take up cash and time the BOD does not have .
RNS stated it can run to year end on its funds.
This claim does not start till autumn and will drag on for at least a year
In the interim costs will mount.
So a a major stand off can ensue with AAOG not being able to drill despite having the equipment on site.
No doubt it was a factor in the original funding deal falling thru'
Right now this extensive RNS repeats the claim has 'merit 'just the same as the funding 'optimism.'
As for the sp it briefly touched 3p+ It can be expected visit that area again although some ignore and think the sp is cheap
primarilt because funding cannot be at less than 5p
IF funding goes thru the sp will fall rapidly back to well below 5p
Meanwhile the lack of information on the following does not help.
So far No further information on funding completion.
No further information on final Licence detail.
No information on development plans for drilling/production
RNS should be imminent.
All the above makes this company uninvestible for the normal PI.
The question is did DS and JB do the DD + expenses (presumably whilst being paid employees of AAOG ) on asset acquisition for AAOG.
On finding out values.
Was any deal was put forward by themselves to themselves
Agree ,but the price changes the MKT.
If BOD fail to deliver then sp worse than before, if they deliver, a £2.mill mkt cap is ridiculous for a decent quality productive diamond mine. which is why I have suggested we could be in for share price movement surprises.
The past is the past.
Time will tell