Member Info for DanBrown83

tbh - until they actually release plans, this won't rise
there is no other catalyst to turn things around
an AJE UPLIFT RNS is well overdue but its expected.

but they have been working on these plans for years, and still nothing!!!

very short sighted response Adrian in regards to revenue
The revenue going up is all fine and well, but none f it is hitting the ADME bank account until at lease next year, and then once it does, the current reserves for them two wells run dry Q4 2021 / Q1 2022

you can't claim that in its current situation, this is worth investing in, there is nothing to come back to Shareholders without this development

its all about what happens with phase 2 development

just hope we have some stability, if we start getting good sales on the Hemp - there is still a lot of upside here (well i hope)

of course i know there was consolidation - that was all factored in
0.6p is now equivalent to 6p
the SP is technically the same as 6 months ago
there are c23m (equivalent shares in issue)
The only additions to the business are £500k less costs capital raise and the fact they have paid their contribution to the licence fees that were overdue (which was never mentioned to PI's)

Sam
If you understand AJE you will clearly understand the issue, concerns and potential
AJE has a lot of oil and gas which is within reach of been tapped for a good profit, the issue is That the appraisal of the AJE field, the development to have two working wells and a few appraisal wells actually built and perform has taken many many years, well before Mxo took its minor shareholding

Without a conclusive Development plan, there is currently just two wells which will be dry by q1 2022, which best case scenario will produce circa $2.5m of net income to ADME by that date, in this state it is not viable, the reason the SP was at 0.6 with nearly 50% less shares in issue is that the development plan had long been overdue last year, let alone this year, be prepared that if no plan come forward in the next month (end of q3), I fully expect this to creep into the 4p range and below

If a detailed and realistic development plan can be produced where the capex is affordable with bank finance then phase 2 could easily start a recovery back to 18p, based on just over 1bn caped previously mentioned there is still a lot of potential profit in the next 20 years, my point is until this happens, and it’s decent, ADME is virtually worthless and a huge gamble,

Once a development plan is produced by the partnership, and if I like it and I think it’s realistic then I may invest, I would rather invest at a premium with a valid plan than on what is a depressed share price which has no way to progress, no value to shareholders

Should be getting an update today or tomorrow if you believe the people on here, see if that happens, nothing on the partners website yet and remember one of the partners is in liquidation

i will take 550p all day :)

I have no idea what you guys read to get into your heads that this is in a better state than it was 6 months ago
6 months ago there was 2.7bn Shares (27m shares now) at a price of 0.6p (6p now)
all the company has done since then is realistically paid for a licence they were behind on and now got just less than £500k working capital, for that there is an extra 23m shares in issue (virtually 50% of current O/S) plus a shed load of warrants
nothing fundamentally has changed since Feb in terms of trading
until AJE partnership release a good development plan for the next phase 2, this is massively overvalued
also - oversold?? the Shaikh got rid of 13m shares that were in 'sticky hands' that doesn't mean its oversold when you lose a key strategic investor

i heard salmon, dressing up as bears to get the best salmon and challenge John West

i have actually said that i might invest when a development plan in AJE is released (as long as it is decent, realistic)
until then, this has major problems and is dependent on other parties in the AJE PARTNERSHIP (thats the problem with been a minor shareholder in a project like this)

same - nearly 75% down now
just have to see what happens now - seems problems are a lot bigger and deeper than i thought a couple of weeks ago

also the trading pattern is very similar to the Thursday it fell from 16p to 12p on all buys, these are been recorded as buys but the trading trend is downwards - only one small sell which was peanuts - if its the same reason as last, i assume a bigger sell is been worked in the background

not really lucky if it doesn't go back up (you still lose the same amount of money if it goes wrong)
only a positive development on Phase 2 of AJE has any chance of starting a recovery

Really, how’s it good news, on the verge of defaulting on Loans is never good news, temp extension fine but shows how close to the cliff Prem really are

It’s a great start to the day, the bottom was likely yesterday, today will be a good rise

while you may class me as a stock basher, i'm not, im just a genuine PI, i have a viewpoint, i stated my viewpoint in April when Shaikh was first announced, i was ridiculed at the time and the SP trebled
I'm looking forward to the update this week (apparently) as there is potential if the full scale development can be done - but that is looking a big IF (and a risky one) - even at these prices

It looks over
Lights are on with last placing but ShareholderValue is pretty much zero
If it re-listed like this the SP would collapse instantly
BOD / LIND / ORIENT have a couple of months to decide how the final bullet is shot

Spikeyj - thats what i meant in profit - it the actual residual profit from AJE PARTNERSHIP to ADME - its not actual profit to ADME, just cash in - i said this 4 months ago that it is likely going to pay for running costs, salaries in ADME and maybe like £200k per lift surplus to ADME shareholders, hence my £1m/ £2m MCAP without phase 2 development progress (which is delayed / delayed / delayed and still no update on)

cash position is pretty simple here
circa £500k from last placing less the costs associated
Admin costs were cut by 60% so likely the funds will last until at least Christmas
expect some profit from the Lift in March 2020 - there may be a couple of months early next year where there may be a shortfall

They sold just under 6m from the RNS, reckon they sold a lot on Friday too, but how many they hold and left to sell we will find out but not a huge amount of volume today