Member Info for DanBrown83

Pretty sure we will get more TR1s as Peel sell, they sold over 5m on Thursday alone at anywhere from 12p to 16p, so they made money on a good chunk before news, likely sold a lot on Friday but a quieter day today, I expect a TR1 with them lowering but the key is if Anyone worthwhile increased holdings

Just google what a market maker does, so much easier than me trying to teach people what they do

It’s actually bad news for investors, can’t believe how many people don’t understand the market, peel will not hold, they are one of the big players in the movement of shares, they bought all the sheikhs shares and will be pumping them to the open market, no one was interested in the Shaikhs shares privately if they were offered, 8m shares now in the hands of a seller is not good news for holders

Peel hunt are brokers, they bought the shares from sheikh and will look to sell, they are a market maker so won’t hold for long

It’s a weird one patche, aje like have stated for months is the only thing you can attribute value here, you have a couple of million profit over a couple of years, if no further development in aje there is no value there, this leaves a company worth zero, there is certainly potential in Aje, there’s too much resource not to be, but with one partner in liquidation, other parties don’t seem overly interested in progressing and having a 20 year licence to play with gives them time which adme doesn’t have, I said 4p was ridiculous but 10p is equally ridiculous given the number of shares in mm’s hands, uplift news will be a basic $600k profit, but none to adme to pay the debt first, if the partners have a plan for Aje I will have another look but they have been looking for years now and every date for an update is missed

Patch - i think there is something else with the Shaikh
his Linkedin not been updated for 5 months
his private office website has disappeared
i think his sell is not ADME related but personal

jesus - he was only appointed a month ago as ceo
i dont think you can blame him for this

theres only 2.43m barrels in the producing wells
at c350,000 barrels an uplift - there are basically 7 uplifts left
one very soon where profit pays for costs again (11th Uplift)
One in Q2 (12th uplift) again where profit pays for costs
One next year in Q1 (13th uplift) where ADME expect some funds (not clarified how much of the profit
there are then 4 more uplifts - at around 3 a year uplifts, were saying end of 2021 (even RNS clarifies that point)
this basically gives 4 x $600k profit + a balance from 13th uplift in the next 2 years

All AJE is really on the development update now, which has been in with the partnership for a very long time now

wrong Sheikh as well
but we know the arab way is totally different to the UK and their bank balances talk

indeed duster
i was sceptical day one and i made that clear - when it went from 6p - 12p to then 48p i looked like a bit of an idiot but i stuck with my original thoughts that this just seemed loose change to the shaikh
with 30+ investments, he can really afford to only spend less than a working day with any one, hence him having an office and a team, everyone was getting carried away with billion dollar company (there was one poxy article of him saying this) but its not like anyone is going to say - im buying in, forcing a name change, making some wild promises and then going to sell up in a few months shafting UK investors

i think its something personal
his Private Office website is down
his Linkedin has had nothing on it for 5 months
these aren't linked with ADME at all - this guy was posting meetings he had every couple of weeks all over Africa and Asia

still happy here with my 111p average
think this has a lot of legs this year
small drop was really just because a lack of news which was detailed in the RNS
today is another big step forward

His Highness' departure has no material impact to the implementation of our business plan. We are grateful for his financial support which has helped the Company get to this exciting juncture. We have recently raised further investment funds which will assist us in exploring a number of opportunities. Production at our Aje investment remains stable such that we expect to be advised of a further lifting of oil shortly and performance remains in-line with our expectations. I look forward to updating the market in due course.

just checked

I totally agree
was shocking
the BOD knew, the MM's knew they had 12.9m shares to offload and they held news back a full day in order to rip off private investors - dropping the price through the day so honest people thought this was a bargain at 13p, 12p etc
nobody expected the shaikh to leave after 4 months, we all assumes Lesoza (were they selling yesterday) - there was a 650k share sell yesterday, a 450k share sell and a 425k share sell recorded (they all werent the shaikh ) so was someone in the know offloading
we said looked like something was happening in background
I hope genuine investors are ok - seems to have settled at the 7-8 range for now

even i thought 4p was a joke
7-8p was the average price in 2018 for MXO
in reality, you are in same boat as then except you have paid for licence and you have c£500k cash from placing and an extra 17m shares

some big early trades - looks to be a couple of big buys

4.25now
That’s too low

That’s about right for MMs with a glut of 10p shares to sell, interesting 10 minutes but I’m off to work so see at 8.30 who the early morning has started

And energy website not updated with holdings, 53% of company now in MM’s hands, big drop, we all knew he had sold, could only of been him, market now it’s in domain won’t want shares above 10p, and proabably be very happy to sell them to PIs just above 10p