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Jaros, Administration will be the end result, no doubt ... but not until they try and fleece investors one last time I imagine. Harder to get placings away even in bucket shops these days, as the price never really goes above the placing price anymore in order for the placees to flip them. Dave's to lazy to get even fake news out to try and boost the price. They don't use Cornhill anymore, but plenty of other bucket shops out there ;-)
Patch, stop embarrassing yourself. This is widely kown information, and you should definitely familiairise yourself with it. You only need to spak to James at Cornhill Capital (usually after a few beers) and he will tell you exactly how Dave and the boys funnel money through Corsair via Consultancy Services, in order to get it in their pockets. James and Dan used to laugh about it. Easiest money you'll ever "earn" LOOOOL No lies from me, an open-secret so to speak!
Dan told me he received most of his payment in shares, but that he takes plenty of cash from Corsair via payments from Andalas to Corsair for "Consultancy Services". I can't believe you don't already know this stuff? You should know all this stuff already, call yourself an investor? Clearly you don't understand how the system works.
I've spoken to them all, but mostly to Dan Jorgensen these days. I don't speak to Dave W as much these days, he lives the life in Amsterdam with his wife. Lovely place he has out there, all with money from ADL and Corsair obviously. I mean, how else could he pay for it?
Jaros, I'd imagine most of it went into Dave's deep pockets, some to Dan, Simon and Paul W. The rest of it will have been pushed through Corsair into the other pockets. Call it Ponzi or whatever, but I can guarantee nothing will be spent on actual projects or assets. After speaking to Dave, I think they want one LAST BIG PLACING to finally empty the investors pockets ... then they can finally retire, and hand the company back to AIM with a few losses and no cash left. Rinse and repeat. What do you think?
Patch, To be fair �20 a year for 20 years is still only �400. That's pathetic even for AIM. LOL.
Whenever the market is quiet, or boring ... I like to check in on the WORST SHARE IN THE HISTORY OF AIM! It makes me feel a bit better about myself, knowing there are still idiots buying here!! LOL.
I'm watching you...
We are here to discuss the pros and cons of Andalas Energy. Why have you signed up today Chelt2000? Wait... don't tell me, you've been invested here for years but "in the background" lol.
I'm not promoting anything, just pointing out what an utter pile of crud this pice of junk is ;-) Chelt2000, a new account and 1 post just to ask little old me a question? I'm flattered. Another ADL or Cornhill plant just to keep this board alive (like patch13) are we?
Great, heres a fact for you ... ADL have spent �6m on naff all. If you ever met Dave Whitby, he will tell you this himself. "Topping up my retirement fund" he will say. If you're so full of facts, tell us where you think the �6m went?
Ah patch ... I have been invested here, sadly when it was CEB and suspended to when it came back as ADL. I managed to sell most of my holding at 0.37 on relist, much to the constant abuse and ciriticism I received from rampers on here who told me I would regret that very decision when ADL delivereed and were at 20p. Well guess what, I'm still waiting for those rampers (such as koolinisland and MamKamara) to prove me wrong. Still waiting ... and waiting ... now I'm waiting for you to prove me wrong ... but it'll never happen ;-) How long have you been working for ADL?
Wuzzy, Two years is a very long time on AIM, and most companies can get a lot done. You only have to look at companies like 88E, AEX, SQZ etc who have no only acquired assets, JV or farm-ins ... but they have also drilled, measured, monitored and/or might already be producing! Even companies RBD, who raised around �6.7m in October last year - are invested in 4-5 drills THIS YEAR alone. The first drill is even as early as April/May this year. UOG, andUPL also have interests in the same assets. So for ADL to have wasted nearly 2 years, and have ABSOLUTELY NOTHING to show for it ... only goes to show the quality (in this case, incompetance) of the board. They all walk round with clown shoes, and painted faces!!!! ADL is a joke, and their investors are the punchline!
Thanks for the feedback Gents, have bought in quite a bit today - looks like this level (~2.10p) is a steal. I was looking for a decent copper play, seems to have been missing from my portfolio :-) Happy days!
What does my CV have to do with the competency of the board? Investors don't have to be capable of running an O&G company. Can you post yours? The board are only competent in funnelling money and conning investors into placings! I'd love to know whether Dave Whitby has any of those kills on his CV? He definitely should LOOOOOL
... and where did it go? LOL. Funnelled through the Corsair (and partners) accounts in consultancy fees, and backinto the boards pckets on the other side. The most corrupt board on AIM, had �6m from placings and still not enough to buy anything if they needed to! The most incompetant board ever, not a brain cell between them LOL
What's the story here? Was 3.70p a few weeks back, now down ~50%. Seems like a decent copper play, but price dropping heavily - yet copper price staying steady? What are the catalysts here, if any?
Actually, I said consistent as gravity ... as in, gravity is a constant value. Never changes. I doubt ADL will get another placing away, think this will be the final nail in the coffin. Either way, you won't make money here unless you're shorting the crap out of it ;-)
Meh, so he's been field manager and operations manager etc ... but never run a company basically. My mates a groundsman at Chelsea, but he doesn't pick the team LOL!! I've heard that Dave Whitby was nothing more than a deck hand at his previous companies, and basically couldn't look after a cup of warm p**s if you paid him! Judging by the state of operations here, looks like I'm right! In nearly 2 years and over �6m spent, and he can't even get an asset (or part of an asset), a working interest, JV, farm-in or a single penny into the company bank account!! "If Carlsberg did idiots ... Dave Whitby would be the end product " LOOOOL
None, they can't becuse they're already 50% down since the last placing they participated in LOL. Like I said, even they can't get out..!!!