Member Info for Drew57

Divi is 1.81p per share and the sp only closed down 0.8p. Decent result there.

Nicely explained Obadhia; perhaps TD grape has imbibed a little too much of his namesake? I have noticed some pundits saying that the oil price will drop much further; others have the opposite view. http://news.yahoo.com/kuwait-hails-faster-expected-oil-price-rally-084722005.html Although the price must eventually go much higher, I doubt if anyone could be confident as to when that will happen. Could be this year, but more likely later. Either way, Brad has a strategy to take best advantage.

Yes, this part is particularly interesting. I had previously assumed that some of the wells had been 'choked' back owing to geological issues. It may be that the cost of water disposal by truck had been a major factor. Now that we have the water disposal well we can presumably extract at the most efficient rates. The question is, I suppose, do you pump it now or leave it down there and wait for the oil price to recover further?

EPS down 28% but 2nd interim dividend will be same as last year at $1.90

Yes, give the Pointer Sisters a spin. Any ideas why we have had couple of good days when MAGP have not? Is it the rns and email effect or the oil price having the most influence?

Just received mail circular from Brad highlighting the big saving in water treatment. Loving this part: "With the cost savings initiatives we kicked off in November (we got on it earlier than most), the weaker Canadian dollar, the beneficially lower heavy oil differential, lower G&A expenses, lower operating costs and lower royalties, the company is making positive operating cash flow today, and is expected to continue to do so down to a price equivalent to approximately US$32 WTI per barrel." We are in as good shape as possible considering the oil price and looks like Brad has done a superb job.

Hello Geckoman, no posts for nearly a year. Anyone else about? I have been investing in physical gold and gold ETFs for a few months as it seems to many that there could be an almighty crash coming. I have my doubts on that, but reckon gold could still be good this year. Was also looking for a precious metal miner to back but now think a company such as this with a wide portfolio of miners might be better. Noticed the rise here in the last few days presumably in response to the increase in NAV. Why is the NAV per share quoted so often by rns here? Is that normal with this type of company?

Another all-time low for the sp this morning as oil price keeps dropping. As stated below, just stick with Edge and we should see the "big, positive shareholder value moves in 2015". The company is just ticking over until Brad can identify a good time to start drilling again and possibly making some acquisitions; may not be for a few months yet so hang on in there guys.

Yes, roll up, get your last minute present here. It will be worth a lot more by next Christmas than the average gift you receive tomorrow. Happy Christmas to all Edgers and a very prosperous New Year.

Patch, not completely electric but we can do you plenty of hybrid buses here in Brum: http://www.birminghammail.co.uk/news/local-news/new-fleet-of-buses-lined-up-640938 Still use diesel though, but probably not from Canada. Great to see a patch of blue this morning. (See what I did there?)

ridiculous that about 10 grand's worth of sells can knock about a MILLION pounds off our mcap. AIM is a daft; I must be a bit daft to stand it.

Yes, that's right. The 1st Quarter results were on Sedar on the Friday night and then an rns on Monday 1st September. Perhaps the same again this Friday for Monday 1st December; but will the drilling programme come as well? That was 4th December 2013.

One sell of 70k and 2 buys of 45k; nothing on ISDX. I don't think I will be biting my fingernails just yet Magnum. Perhaps the rns will be at the opening time of Calgary office. Certainly due soon.

Whitley, yes, it would have been a reasonable gamble, which is why I asked the question. Needless to say I held on. With only a relatively small holding by the time dealing costs are taken into account, I suppose I would only have been a few quid better off. Could you explain the scrip period & extra shares please? I presume one can opt for shares rather than cash dividend. How do I do that? I suppose too late this time.

>> Is it worth selling before ex div date ? Last ex div date I think there was a big sell off just before resulting in a fairly hefty drop Looking at the chart, it seems the drop started a couple of weeks before the 04/12/13 ex-div date. So it may not be related. This time we have had a rise before tomorrow's ex-div, so does that mean we would be better off holding rather sell and re-buy later?

Fairly amazing that a director buy of about £30k could put nearly £600m on the mcap between 2pm and close. As a newbie shareholder to Rio it seems more like AIM where I am usually to be found (unfortunately).

This is making my brain hurt. Obadhia, are you suggesting that HGI have done a deal with 3rd party and are acquiring the difference between 27% & 30% or is it someone else? If HGI are buying from the mms, where does the 6.5p price come from? Buy price has not been that low since April. Sells have been there recently, but surely to buy that amount it would be higher?

Morning all, pleasant to see all that blue on here. What seems strange is that with some volume, nearly all the trades are back on LSE when recently the majority were over on ISDX. Perhaps the mms wake up when they sniff a possible bid for the firm.

Cannot see this womo. Total of ISDX & lse buys I make about 250k; 4 largish sells here come to 230k. About equal, therefore no sp move. Looks OK to me.

I have also had a top up of nearly 25k shares but despite our combined efforts the volume is still not much. I totalled ISDX and here and arrived at about 470,000. Hardly takeover volume. Surely if this story has reached the press before being announced it is unlikely to have succeeded? That 42p figure would go down nicely for Christmas though.