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Saying that , its not the TR1 which I am expecting ; )

Very impressive !

Still holding here mate and waiting for the bounce.

Last Friday (after 8:10am) the smart ones were hoovering any shares available on the ASK @6.50p .. Today we witnessed the same :

11:40:52 6.9592 100,000 6,959
11:32:27 6.6788 150,641 10.06k
09:46:48 6.50 30,676 1,994
09:35:14 6.532 50,000 3,266
09:33:34 6.49999 100,000 6,500

I said it last week and will say it again. Not everyone on AIM is an investor, many trade based on RNSs, others follow TA charts. RSI atm is 16.2% which is means ADME is HEAVILY OVERSOLD [https://www.investopedia.com/terms/r/rsi.asp ] and H1 resistance became the new support (6/7p) . imo any shareholder waiting for the ASK to drop to 6p to average down will be disappointed because the sp recovery will start soon.

ASK back to 7p and atm no decent volume available under 7.15p

When I read the title of your post I thought those two nice buys were yours ha

09:35:14 6.532 50,000 3,266
09:33:34 6.49999 100,000 6,500

So lets just assume the sheikh is still entitle to the warrants. Do you think he is dumb enough to offload his chunky position to the market , crush the share price then straight after exercise the warrants and sell them around within the 4.5-6p which is just 0.5-2p above what he'll pay to get them?!

of course not .... if he is still entitled to them then he'll wait for the sp to recover then exercise the warrants and sell them in double figures !

Oh and no more heavily discounted shiekh’s shares out there anymore ; )

Well said Paul, add to that 6.50p became a firm support 10 mins after Friday’s opening drop & RSI atm is around 18% which indicates ADME been heavily oversold so sp will very likely recover on Tuesday morning !

Nothing to reply ? “@Kafka: lot of the volume is from traders trying to catch the bottom and then selling again”

That doesn’t make sense mate, go back to the trading history and have a look .. the drop was because of the panic selling at the opening which put big pressure on the BID but the sp bounced back to above 6.50p 10 mins after the opening 8:10am and never dropped below this support for the rest of the day ...

“ lot of the volume is from traders trying to catch the bottom and then selling again”

That doesn’t make sense mate, go back to the trading history and have a look .. the drop was because of the panic selling at the opening which put big pressure on the BID but the sp bounced back to above 6.50p 10 mins after the opening 8:10am and never dropped below this support for the rest of the day ...

Kafka you mind me asking why we ended up with more buys than sells and more importantly why the sp only dropped for the first 10 mins of the day yesterday then bounced back up to 6.50 and formed a firm support for the rest of the day ..just before eod no shares were available under 7.5p & ASKs were at 8p ?

Fact is no more heavily discounted shares from the sheikh anymore & RSI is below 18% if you know what that means so I’m confident that we’ll see sp recover on Tuesday morning !

To the 4-6p guys ... you do realise that the sp only dropped on the first 10 mins of the day yesterday then bounced back up to 6.50 and formed a firm support for the rest of the day , just before eod, no decent volume of shares were available under 7.5p hence almost all of the ASK before closing were at 8p ?

Unfortunately, no more heavily discounted shares from the sheikh so we’ll see sp recover on Tuesday morning !

Currently the MCap is £4m (equivalent to the company’s income and cash in bank) & RSI is around 18% which indicates ADME been heavily oversold .. imo it should bounce back up next Tuesday. As someone said yesterday, no more heavily discounted shares from the shiekh in the market.. placing was at 16p two weeks ago and ii increased their position a couple of days ago @15.5 !

Imo traders will be trading ADME all the way up to double figures next eeek.

You shouldn’t worry much about this Spikeyj, secure funding is something the new CEO is good at :

Osamede (Osa) Okhomina, Chief Executive Officer

Osamede was appointed CEO of ADM Energy in July 2019. He has more than 20 years’ experience in the global oil and gas industry, particularly in Africa, financing projects and growing businesses. Osamede started his career at Terra Energy Services, helping to introduce new deep-water technologies in Nigeria.

He is a founding partner of Africa-focused Energy Equity Resources, a partner investor of ADM Energy, where he has secured more than $300 million of direct foreign investment into Nigerian oil and gas. He brings considerable government expertise and connections to the ADM Energy board.

True Adrianuk, the company 's income & cash in bank are equivalent to today's Market Cap .......insane right ?!! .... I appreciate today's poor settlement but fundamentally nothing has changed. more buys than sells and as Sam said earlier RSI 17% which is very low so ADM will defo show on traders TA charts. I'm holding as well and will not be mugged by MMs

Some TA stats for you guys :

Pivot Point 2nd Level Resistance 17.8p
Pivot Point 1st Resistance Point 14.9p

Pivot Point 12.45p

Pivot Point 1st Support Point 9.55p
Pivot Point 2nd Support Point 7.10p

Nice wave of buys going through atm, ASK is about to tick up

EDMS, dunno really, I have access to L2 and I can see around 50 trades after 11.03.

Quitie, give it some time mate before you sell. there seems to be a good support here 6/7p so imo don't sell at the bottom, its due to a bounce .. At least to around the Sheikh's 10p

JimmyDon

Posts: 1

oh dear .........

On behalf of ADME BB I would like to thank you Jimmy for your valuable single post !!