Member Info for belgrano

fully agree, the bid/offer spread is greedy mm's. bet that will reduce later today.

"opportunity to quickly build revenues", Mr. Market likes it as well.

I know hes had some stick in the past, but at least hes putting his money where his mouth is. Wonder what little (or not so little ) snippet he has had whispered in his ear???

suspect just one forced seller. it happens, certainly nothing to be overly concerned about.

yes, looks like more cheap top ups may be a thing of the past. shame.

patience is starting to pay off with a nice little buy sub 9p today. very pleased and will add if price remains low.

nice to see some steady non panicked buying taking place with a modest rise.

yes Googermoochen, think you may just get them as well. But you certainly wont be alone at single figs if we do see those prices. I'll also have a good few. Way I see it, they are nicely funded nowwith enough cash to see through trials and to market. However the time factor will drive out the needy and greedy, along with the normal aim drift, may give a perfect entry point in the not so distant future, before those first results come in, which may not be for a good while yet.

yes Googermoochen, think you may just get them as well. But you certainly wont be alone at single figs if we do see those prices. I'll also have a good few. Way I see it, they are nicely funded nowwith enough cash to see through trials and to market. However the time factor will drive out the needy and greedy, along with the normal aim drift, may give a perfect entry point in the not so distant future, before those first results come in, which may not be for a good while yet.

I expect for many sellers over the last few days, its not a case that they dont want to hold this stock, its a case that they think they can get it more cheaply.

must admit being surprised at just how many traders we have had with this stock, certainly it seems a lot of the initial trades were by the traders who offloaded pretty quick for some profit. Now we see the price settling down, as realization sets in that we are still some distance away from getting this to market the price is drifting down. However I certainly intend to buy more of this stock, its just a small matter of waiting a short period before the normal forced sellers cause the price to be really attractive for more stock. To be honest I think we may see this a little lower yet, so will keep some powder dry. However with the over subscription for initial stock I dont think we'll see single digits.

as we can see the "hot money" is headed for the exit today as the share price settles down after a initial spike in price. realization now setting in that this will now be a long slow burn as we are quite a way behind opti in getting any products to market. i expect price may drift in that time giving further opportunity for a decent entry price. just my thoughts but DYOR

just like to thank the seller/s who offloaded first thing that enabled me to get in with an order at the bell today, already showing a very healthy profit, may thanks. Actually good to sell some liquidity in this stock, was a little concerned that there would be far to little, but certainly no complaints.

hopefully. looking like it may get sold on the cheap, with oil rising again. http://www.grantthornton.ca/resources/creditor_updates/documents/Edge%20Resources%20Inc/Receivership%20Order%20filed%20September%2012,%202016.pdf

http://www.grantthornton.ca/resources/creditor_updates/documents/Edge%20Resources%20Inc/Receivership%20Order%20filed%20September%2012,%202016.pdf

he directors have determined that Edge’s business is no longer viable, that Edge’s realizable asset value is less than its current debt, that in the present economic environment and in Edge’s present circumstances with its current asset base, Edge cannot refinance or recapitalize its operations and that the Company, therefore, no longer has the financial capability to carry on its operations. As a result, Edge announces that it has now consented to ATB’s appointment of a Receiver over the Saskatchewan-based assets, shut-in its Alberta operations, terminated certain officers of the Company, and that all remaining employees and consultants have been terminated and directors have resigned, effective immediately. As a result of the foregoing, trading of the Company’s common shares on the TSX Venture Exchange will be suspended and the listing will be moved to the NEX Exchange. Separate Note: NEX is a separate board of TSX Venture Exchange. It provides a trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards. Going forward, companies that have low levels of business activity or have ceased to carry on active business will trade on the NEX board, while companies that are actively carrying on business and pursuing growth and shareholder value will remain with the main stock list of TSX Venture Exchange.

Firstly can I thank all the posters here for their great contributions over the years. This is from a trusted poster on ADVFN. FOR IMMEDIATE RELEASE TSX Venture Exchange Symbol: EDE AIM Exchange Symbol: EDG April 26, 2016 Calgary, Alberta Edge Resources Announces Shut-in of Production, Cessation of Operations, Termination of Officers and Resignation of Directors Edge Resources Inc. (“Edge” or the “Company”) reports in furtherance of its announcement of April 4, 2016, that its lender, Alberta Treasury Branches (“ATB”), has made a demand on Edge, as debtor, for payment in full of Edge’s outstanding indebtedness plus accrued interest, costs and fees. In addition, ATB provided Edge with a Notice of Intention to Enforce Security under section 244 of the Bankruptcy and Insolvency Act (Canada). Despite attempts by the Company to present alternatives that it feels would better serve all stakeholders, including ATB, Alberta’s taxpaying citizens and Edge’s shareholders, these proposals have not been accepted by ATB. ATB seeks the appointment of Grant Thornton LLP as Receiver over only the Saskatchewan-based assets. In recognition of these circumstances, Edge has consented to the Receivership and has shut-in all of its operated/licensed wells and facilities in Alberta in order to secure and enhance the safety of its operations. Edge has notified ATB and the Alberta Energy Regulator that the shutting-in by Edge of its operated/licensed wells and facilities in Alberta is complete. As without ATB’s support, Edge no longer has the financial capability to carry on its operations, Edge has now terminated the remaining officers, employees and consultants of the Company, and the directors of the company have resigned. The Company has an LMR rating in Alberta of 1.29 which, with low-decline assets, is projected to remain greater than 1.0 for the foreseeable future. The rating in Saskatchewan is currently 3.8. The Company has been actively engaged in attempts to secure financing, asset sales and restructuring processes since May of 2015 and despite pending extant offers for all and/or some of the assets of Edge, the proceeds would be insufficient to satisfy all liabilities of the Company. The cost of operations, including processing and transportation of commodities, field labour and production costs, royalties, and administrative expenses, exceeds gross revenues at recent commodity pricing levels. The Company’s lender has declined to provide further financial support to Edge and, despite Edge’s exhaustive efforts to work with ATB on several bona fide options, there is no other means of financing available to the Company at this time. The directors have determined that Edge’s business is no longer viable, that Edge’s realizable asset value is less than its current debt, that in the present economic environment and in Edge’s present circumstances with its current ass

as far as uk is concerned. company hangs by a thread, may get notice of some kind of restructuring on tsx or formal winding up so a total loss.

the time is up close of play today. on tsx . if ever there was a time to pull that rabbit out of the hat .,this is it.

we have a gamblers chance. the bank has foreclosed the loan, and the company must pay up, re-negotiate loan terms or go into liquidation. a heavy blow for investors here. not much choice either now but to hold.