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I think many holders was hoping for more news in the H1 results. Which explain why it trade up during the afternoon. Some hot money will probably sell tomorrow.
$48k in revenue BOOM BOOM
US ADR eq price 146p
What is the next piece of expected news for NSCI?
The presentation has been very good and the management did a good job. Not very convincing answer on possible equity raise in the future.
Now when the CEO have begun to sell its very likely that other insider will follow with the same weak argument of selling to institutions. But the name of the institutions will never be told as its most likely broker dumping the share in the market. SYME CEO conveniently sold a volume which would not require a Tr-1 for the buyer. Pump and dump turning.
- AAA has two primary assets, shares and warrants in Asimilar Group (ASLR) and 7% holding in a hotel business in Myanmar.
- ASLR share has been suspended since 14 Feb 2020 when the stock traded at 48p. Today the suspension was lifted, and the stock collapsed 30% to 33p.
- While ASLR share has been suspended AAA has made several investments in ASLR shares and warrants the first one on the 20 Mar 2020.
- AAA share price has surged significantly since the first investment was made from 0.18p to 5p or app 2670%. The big problem now is that ASLR share price is now collapsing since the suspension has been lifted and AAA investment is collapsing in value.
Based on the current net asset value, AAA net asset value is 1.06p per share with the current Asimilar share price. Meaning that AAA trades on 379% premium to NAV, which makes no sense when you can buy the main underlying asset in the market.
Anyone holding AAA shares can make the trade of the century today, by selling its AAA shares and buying ASLR, that trade would increase the investor exposure to ASLR with more than 3x.
https://twitter.com/EasyBrent/status/1298179742210891776
The writing on the wall. A company about to be sold for hopefully +$1bn doesn’t raise cash at the current share price. If EUA had anything close to a bid for the whole company or one of the assets it wouldn’t make any sense at all to raise $10.5m now.
I think EUA board of directors’ plans are clear. They know that the company won’t be sold, so they need to plan for the future. They also want to establish the sense that the stock is worth +20p. A smart way to do it, is to raise money so they in the future can say when the sales process fails. Look we raised money from institutional investors at 22.5p – that must mean that the stock is worth something like that. The other thing they are doing is by raising cash now they can invest in WK to create future news flow to hold up the stock price when the sales process falls apart. In 1-2 months I think UBS say we had it and leave as advisor for the sale process or tell EUA BOD to close the sale process.
Enjoy it while it last!
Looks like EUA has done a forward sold placing. I guess the plan is to raise at the current high level to create a sense that their is demand for the share at this level and if the sale process falls apart, EUA board of director will argue that investors was willing to invest at 22.5p. Not looking very good.
Could you pls break out each propsect with size and POS, because I cant get your figures to add up
Their indirect interest in the current well is 1.3% on a 256mbbbl prospect. So it pretty tiny for them.
NAV premium looks high. https://twitter.com/OilGasTracker/status/1293154923845160961
Very true same market cap RBD and UJO, but 3.36x as much exposure to West Newton
https://twitter.com/OilGasTracker/status/1290238704645074944
Yeah but if you want Wressle and Biscathope exposure its better to buy Egdon, similare exposure but only £6.4m mcap compared to ujo £44m market cap
Why are people buying Union Jack for West Newton when Reabold has 3.3x as much exposure to WN with basically the same market cap?
https://twitter.com/OilGasTracker/status/1289153531786616832
I find it very unlikely that WEN would merge with AEX. I think WEN only would buy part of Rovuma at distressed valuation. AEX stock isnt exactly distressed valued.
Sounds very much like they will acquire something in Tanzania. Strong cash balance and no debt creates decent position to grow with little risk. I guess its fairly likely that they could buyout one of the partners in Rovuma (Aminex, Solo or ARA). Tanzania looks less key to Solo lately with the focus on European gas so they might be a seller.
I was pretty convinced it was Monday today. But I got your attention :-)
Can you afford not to own this stock before Tuesday open?