Member Info for DanBrown83

Good post from Sherlock
I still maintain that ADME has potential - just yet to see it and tbh - most of it is outside of ADME's hands, they are having to juggle investors / financiers / vendors of the project to come up with a deal that benefits them all and ADME in the middle -not always the easiest thing to do
concern is more on what Spikey says - its taking longer than 'imminent', in all honesty - a placing was always required, working capital even when uplifts happen only covers the expenses at ADME and new deals, expansion of AJE will always need some form of contribution

In regards to the placing and what sounds like they have changed this after a mass of sales, we are seeing today some rounded buys (someone covering their sale / short maybe)

CEO's are always going to be overly positive - especially in Interviews

someone sold 780k shares after the RNS???
a lot of rounded sells and buys again after the RNS

I wonder if the party selling shares earlier this week was part of the original placing and was pre-selling shares, maybe Tonnacombe considering he seems close to the inner workings of ADME and the Sheikh and Pello Capital

sounds positive, its still a placing but at a premium from 4p?
5.5p my guess

The biggest issue is last year the BOD were actively getting RNS's out and interviews - while OSA started very badly with the interviews, there was certainly improvement and i think a lot was because as ADME took steps forward with Trafigura / Dubai Bridge / Nigerian Oil Round and the EER purchase - they could identify progress, but now the silence is back to what the old BOD were like - no news for months and then placing, not even details of next uplift - with current oil price, we should clear project debt easily in AJE on this RNS unless there has been a real problem

not a lot of sells to drop this time
think there will be something next couple of days

after the weird rounded sells and manipulation downwards yesterday
we are now seeing the same rounded buys (or multiple of the exact same value) been purchased
same patter as always - is it you Tonnacombe???

We all know it needs real news else it will keep stagnating at the 4-6p range
Theres only so much more stagnation with a share until the next step is that it runs out of the ability to raise funds and keep the lights on
The current wells at AJE dry up this year, 3 new wells yet to be drilled and the new joint operators drilling them haven't finalised purchasing into AJE yet so this isn't likely to happen now for some time - again ADME won't get any cash until the new project debt is fully repaid so cashflow remains minimal

TBH Tonnacombe
We have just had a previous thread about Manipulation of the Share Price and that there are a lot of suspicious round trades constantly and has been for a long time here
I have said it can't be your average PI as we literally don't have hundreds of thousands of pounds spare to play on trying to manipulate the SP, but someone claiming to have the lions share of the warrants left and also already invested you would be a prime candidate in my honest opinion of someone who could manipulate a small cap share in this way - of course - that is if we believe you are a multi millionaire playing small caps and can be bothered posting on here
Personally, i have c£20k invested in a few small caps (and i do have a few in here now- albeit c5p, i maintain that while ADME is probably valued about right (probably a bit low now) in terms of risk / reward for the future potential of AJE, its still very high risk) and until positive news on AJE or another worthy investment, I will maintain that 6p is overpriced

and now we are seeing some decent buys under 4.5p after that large sell off
so no TR1's will be issued if they are buying / selling within a few days

Don't know
we havent had an uplift update and we are unsure where the project debt is going to be cleared at AJE - surely needs to be done on next uplift
But if they are storing oil for a longer period again, the Cash Resources at ADME are going to be low - raised £200k around 5 months ago and we know they burn more than that on expenses
It also seems weird that Spikey has started reposting about the sheikhs convertible shares at 4p and then suddenly next day there is a lot of sells - over 1million today (and possibly if them blues are sells) we will be over 1.5m in sells very soon if not already

What is going on - a lot of sells - i think them in blue are sells as well - live price 4.36 - didn't think we would get this low
looks to be someone offloading in large chunks

It wouldn't but would they bother doing it
plus the cost to MM is likely minimal as the margin of c5% is their for them to profit but also cover any situations like this - the MM will probably be the only one making decent money each time and if the broker charges say £5 a trade, they make more by doing 10 x 30,000 trades than 1 x 300,000

I have been saying its been happening for ages
But the FCA rules on AIM are hardly ever adhered too, investigated, Its also down to interpretation of the rules
The point of a Broker is that they are required to do this check, investigation, but most don't and if its online trading, i doubt it would even get flagged on the platform, a few hundred thousand shares is nothing in terms of the overall market and also with 120m shares at ADME, its not even 1% of the Share Cap so again its hardly material, its not like when the Sheikh sold
At what level does a Broker investigate, there could be multiple of Broker Accounts - I have 2 (ISA + Normal) - there's nothing stopping someone having 5+ accounts and doing a couple of trades from each

Problem is Panoro are selling their stake in AJE
if they were the ones buying into AJE i could really see this as been an exciting development

The problem is buying and selling isn't illegal
we all know the FCA don't look after investors - not just FCA as we seen with Gamestop
these are all still small trades - i have mentioned it time and again its been happening and its been manipulated in my view - it does look like one person is buying, to try and raise price to give an impression something is happening so others buy higher, to enable them to sell for a profit, issue doing it here there isnt enough external volume to make it worth while and their wont be until some decent news hits

its not illegal at all if they are genuinely buying them and then selling them
theres no rules in place to say you have to hold shares for a minimum amount of time
We don't genuinely know who is doing these trades - albeit judging by the number, the amount, its not going to be the likes of me and you as we likely don't have the funds to buy 1m shares to play the market
The other point is that ADME or the amounts been traded aren't big enough to say its a serious player either, but all shares are bought and sold within days, i assume to avoid disclosure requirements,
Shares are been bought now in rounded trades - are these the same person as who just sold?
if so, they are losing 3% - 5% in value by doing this

ADME has been played for month - i think i have mentioned it like 50 times now on here
There has always been large rounded buys within minutes of each other, few days later it is followed by large round sells within a few minutes

until there is some form of news - this is going to stagnate - been waiting on news for months and months now on any new potential deals and the hold up on the PetroNor deal with AJE isn't helping matters

Get on Reddit and get it happening - albeit you need a share thats heavily betted to lose to make it work

Good News indeed
Doesn't mean a deal is close though - you could have said the same last year the fact they arranged this deal with Trafigura that a deal was close but here we are 1 year later and no deal has ever been presented