Member Info for bottom_feeder

What are the Market Makers up to today. Large buying going on yet SP drops.

Any ideas folks? The 18th was a suggested date from AEG regarding Site Approval so hopefully this week we hear that its passed. Maybe MMs don't like the lack of news?

Hi Adeplume,

It sounds like you're a bit discouraged with AEG and may have made a loss up to now by basing your purchases etc on info on this board.

As RichardLC has noted, any board on this or any other site should be used as a 'starting point' only. Looking into the company in more detail and particularly previous progress, or lack thereof, is important.

Like you, I suspect we both came across AEG's potential via this site and this board. Like you I'm not exactly flushed with profits either. But, we need to look at the reason(s) for investing.

My view is that AEG is a long term investment, i.e. 3-5 years before truly realising any excellent profit potential.

It may also provide a medium term investment whereby the price rises in the next 1-2 years to take a favourable profit; my view being to invest as much in medium term as I do in long term. In that way I hope to be around 'if' the price more than doubles so I can extract the medium term tranche plus profits and thus leave myself even and hence invested with no actual invested funds other than pure profit for the long term.

However, AEG does have its pitfalls as discussed on here. You no doubt know, like others that AEG hasn't exactly met their proposed timescales. As ScoutS pointed out (but sadly got rebuked for) one of the last RNS's wasn't really that good news as it still meant that AEG had taken on further debt with little to show. Indeed, they don't appear to have utilised the UTAH plant as efficiently as they probably could have (Hin

I have written to AEG a couple of times to ask about the 'usage' of the Utah plant but received no responses.

However, rather than looking at the negatives I still view AEG as NOW having POTENTIAL to succeed. They have in place Timber access, the Lumberton site and at least one 'proposed' 5 tonne per hour CoalSwitch plant which they have the funds to relocate and commercialise. It's up to AEG now, and particularly the BOD, to use this opportunity to begin serious movement toward Revenue generation.

AEG are due to receive Approvals for change of business use at the Lumberton site by or around 18th of this month. Progress should be simple (imo). decommissioning of the Utah plant should already be underway in my view and not waiting for approvals for Lumberton etc.

I will be somewhat shocked if AEG come back and say that they will commence decommissioning AFTER receiving Lumberton Site Approvals and Inspections; however, they 'may' get away with saying they weren't prepared to move until officially taking site ownership.

I expect decommissioning, transportation and recommissioning to take no longer than 2-3 months. It's not a big plant or complicated one so no excuses for delays in my personal view.

So time wise I expect:-

Ownership of the Lumberton site to be completed before end of April.
Commissioning of the Plant at Lumberton before end of June-July.
CoalSwitch output by end of August.

Anyone else have thoughts

Hi Mungo,

Thanks for the info clarifying Dual Listing, I wasn't aware of it and assumed that this LSE site would list any/all buys & sells.

Thanks again for clarifying :-)

Yeah,

I bought over 324k of shares at 13:18 and the buy isn't showing on the trades. So I'm wondering if the MMs are delaying a lot of buys for some reason???

Anybody else buy a chunk of shares that isn't showing up on the Trades list?

Remember this from the Lumberton Acquisition RNS:-

"Completion of the Acquisition is contingent upon customary closing conditions including AEG's satisfactory review and acceptance of all inspections of the Lumberton Site and title thereto, as well as appropriate re-zoning for its recognised industrial uses. Approvals are expected on or around 18 March 2019 from Robeson County, North Carolina."

SO, looking forward to the 18th to see if approvals are a go ahead. Not sure if this statement also refers to the likes of the stated inspections or whether it only refers to the change of business approval (it's a little sketchy on that part).

GS :

Couldn't agree more; hence why a did some Averaging Down today :-)

Nope. not suspended (yet).

I can still initiate a buy on X-O website.

Market Makers have instigated a very large Spread :-)

Where did all these negative posts come from!

Its a blip.

Why did I give this thread the Sunshine title?

Well, the more the price drops the more investors can average down and reap rewards in the mid to long term :-)

FFC : I agree. The buy/sell ratio isn't that large so it seems more of a 'spook' event. (hopefully).

So, its either a very good time to attempt a quick Profit grab by buying in using Short-term money tranch and sell on a good 5%-10% bounce-back or average down for the medium-to-long term. Take your pick.

If its bad news and a leak is suspected I would have thought the FCA would jump in, if not SXX itself, to suspend the shares to prevent any fallout?

Yes, Interesting, factual information has been posted, but you lot are lot Ostriches burying your headfs in the sands and slagging off any negativity. At the end of the day, we are all investors and have to face losses as well as gains.

Ultimately we are at the mercy and beckon call of BODs who may or may not converse with us. AFC is NOT one of those companies that treats its Investors with RESPECT!

Now why would Athansius inform you that I'm refering to you???

ALl I am saying is that I've had two posts refering to my mother before I responded in kind.

So instead of inferring that I'm in the wrong go chase the A5%sh£444 who starts all the trouble such as DW and yourself. You are all attacking and ridiculing just because someone else makes a negative but truthful statement against AFC.

The Fact is that DW continuius Defames AB's character so I hope AB sues him for Slander and Libel.

As far as I'm concerned it is highly dubious that the share price is being artificailly forced and kept down PRIMARILY because the BOD are blatantly refusing to disclose any information about the current position regarding products, finance etc.

Its the BOD you should all be contacting with numerous daily messages via their website insisting on information.

RB1:
Get your facts straight!!!!! Plonk

He brought my mother into his responses much earlier on two separate instances - i think after him doing it twice gives me the right to respond.

So RB1 lets see you apologise to me and rebuke instead.... or are you all bashers and insulting as a group.

Personally every person on thhis board knows that AFC is an utter mess. The Ch2arge 'demo' was all a big promo to keep investors on the books

You all alk about the AGM and AB but the reality is that investors like yourselfs don't have the clout to oust him or do anything.

The knly message you can send is to dump the share on mass together.

If the company does have a viable product then buy back in.... but not until ABSOLUTE proof that the company is heading for revenu-generation.

Think about it everyone..... given how much Adam Bond and other directors have sucked out of 'your' money, and how much MORE they will take..... They will have to start generating a HELL OF A LOT of products to even break even.

I don't honestly belive it will happen. But its my view.... so as the Dragons Den inestors say......

I'm out!

Ice Road Truckers!!!!

Blimey JimR I'd have a heart attack if they were moving the stuff!

Some of them are just mental :-)

Thanks regarding info on 18th March. But it would be nice to know that AEG are at least getting on with decommissioning the Utah plant in preparation. As you say, AEG may only give progress for the Lumberton site which could therefore mean we have to wait months - I sincerely hope not.

Hi,

Here's a comment I put in another thread below:-

************************************************************************************
I did send a request to AEG via their website FAO of the BOD asking if they would consider putting up regular progress reports, videos etc of the Plant dismantling, transport and subsequent re-commissioning in Lumberton on behalf of shareholders - but as yet no response.

I also asked them to look at the Sirius Minerals website (SXX) and see how they are showing drone videos etc as an example. So here's hoping the proposal is read and taken up. It's so damned easy to do - they should be happy to indulge such a request."

************************************************************************************

As there's been no response from AEG, I'm wondering if it's worth everyone on this board also going onto the AEG website and proposing the same request for videos etc w.r.t. the decommissioning, transport and recommissioning of the Utah plant to Lumberton??? The more the merrier and it might get them to provide the info.

Hi SCoutS : To be honest its dropping on me again LOL

But, I'm happy to hold as the next 3-6 weeks should see progress.

I did send a request to AEG via their website FAO of the BOD asking if they would consider putting up regular progress reports, videos etc of the Plant dismantling, transport and subsequent re-commissioning in Lumberton on behalf of shareholders - but as yet no response.

I also asked them to look at the Sirius Minerals website (SXX) and see how they are showing drone videos etc as an example. So here's hoping the proposal is read and taken up. It's so damned easy to do - they should be happy to indulge such a request.

I'm hoping it does get to 1p and beyond.

Just topped up with another £4k (just in case its on a true breakout as Early-bird noted).

sxx4me :

I'm a bit confused with your response regarding lack of inclusion of any dilution and inclusion of the SP in the Remuneration.

Milo's pertinent calculations clearly show that Dilution, regardless of its level, is ultimately incorporated in the total Share level of the company along with theSP being used in calculations. So such matters are covered.

On the other hand,tThe assertion you make regarding whether the remuneration represents an ambitious target or not is more worthy of discussion. Indeed, it may seem appropriate to conclude that the targets are 'Nominal' when comparing SXX to other Mining stocks; however it is clear that, unlike other established revenue-generating companies, SXX is not only a young company but one which is at a Pivotal point in its establishing its credibility as a substantial player in the market and reaching a position of being revenue-generating.

And so in my opinion, given these facts, may i suggest you consider the proposal that getting the company to where it presently is has shown the Board's capability to plan, manage, drive and motivate the construction the infrastructure in its current state.

In addition, the Board is showing substantial commitment not only to the environment and the local community, but they are showing tremendous fortitude in providing shareholders and the general public alike abreast as best they possibly can while keeping within the rules and regulations of AIM.

To the question of whether the future remuneration is 'appropriate' I believe we have to take account not only the previous years of leadership but also the fact that many of the Board have heavily invested themselves. In addition, to achieve the position outlined by Milo will be a substantial achievement in my view. It represents the culmination of negotiating funding in what may be a distressed market, it represents the construction of a world-leading mining system that protects the environment while providing much needed support to the local community in terms of revenue, jobs and their commitment to invest locally.

It my seem to some that the 'reward' is overly- generous; but in my view - it will be well-earned and justly deserved.

IMO

Nice projections Milo :-)