Member Info for Early_Bird

Hopefully tomorrow should be fun.

Taken a few for a trade

Surely we will be getting a spud date soon here? Lockdown restrictions starting to lift globally... cant see this trading sub 6p when the drill bit starts churning given the size of the prize - Colossal!

Here's the link:

https://www.youtube.com/watch?v=0gonphK37S4&feature=youtu.be

The delivery of the updated DFS delivery confirms the enormous commercial potential of Mahenge and will support ongoing discussions for binding offtake agreements, debt package finance for construction and project level development funding. Following these substantially improved economics to an already attractive Feasibility Study, a number of initiatives are currently advancing with respect to project financing and the Company hopes to be in a position to update the market shortly with respect to one or more of these workstreams.

As soon as lockdown ends in Morocco drill crew can mobilise and spud will be in quick order. I don't expect these to be sub 6p on spud given the colossal upside.

To me seems a great RvR given Trinidad business alone more than underpins here.

Morocco has a commercial gas find this could feasibly be trading 50p+

That's more like it! Encouraging....

Ridiculously undervalued when you look at NAV here £23m in cash + loan repayment due back to CAD, no debt..

absolutely.

some how I have my wires crossed on this. You are quite right - think one of Docs podcasts mentioned something a while back but I cant find an actual link on an RNS. Not sure but its "a" family office willing to invest a significant chunk at 7p.

Look, im putting capital at risk here as I think they stand a good chance from these levels given OP bouncing, Covid rather rapidly clearing up now and the draw for me is the $100m Trafigura facility that by the sounds of things on the call will see some action shortly.

all about risk v reward and for me here now I say this is worth a punt. Osa needs to deliver the goods no denying that!

its his family office

Who is shouting 40p by Friday?

People are treating this company like the one where Stefan Oliver was involved - the rotten apple has been booted so give the new team a chance to prove themselves before passing judgement I say!

Also the short term loan will be repaid using 2.4p warrants in November, only way itll get paid in cash is if company don't deliver SP performance so its in everyones interests to see a significant rerate from 2.4p. Rather a good loan structure if you ask me!

https://www.investegate.co.uk/adm-energy-plc/rns/conditional-subscription-update/201911120700120409T/

For reference.

lets forget his wife of the CEO bought 5% of the company at 7p shall we!

Negative views welcome, for me at least they are falling on deaf ears. Have spoken to the team and have done a fair bit of DD so willing to put capital at risk here.

Remember new CEO and his family have invested a significant chunk here at this level or higher so they wont be fobbing themselves off down here, that I am assured.

A £1.6m mcap #ADME company has a deal with the second largest commod trader in the world, I'd say it's a ramp but unlikely. They have $171b revs and $3b profits so unlikely to mess around.

https://twitter.com/marketgem/status/1268172072171249665?s=20

Was suitably impressed by recent investor call.

Oil price nearly doubled now too and this is looking way oversold to me. Lets see what sort of deal new CEO can do. Seems confident!

https://smallcaps.com.au/perseus-mining-exore-resources-dominate-gold-space-northern-cote-divoire/

"Perseus Mining (ASX: PRU) is set to scoop up all the issued capital in Exore Resources (ASX: ERX) in an all-share transaction that values Exore at up to $64 million, with both companies’ boards endorsing the takeover that will result in a dominant gold landholding in northern Cote d’Ivoire."

IRR deliver the grades.. this could start to look very interesting!

Swedish pension fund taking 43% of the placing provides great confidence here. This board know how to attract the right cornerstone investors and for good reason. The copper licence they're sitting on is the most prospective in Zambia yet to be developed

For me the prize here will be project financing.

Totally unique proposition here vs other peers with DFS perhaps in different sectors. Here the FS based on current conservative graphite prices (even though demand from EV set to 5x) means there is huge robustness here in the current market for financing.

Capex just £30m sterling with a near 100% IRR (new DFS could improve this even further).

All this means this project will be very easy to finance in the current climate and financing quantum vs free cash flow generated from production is second to none. You will not find these metrics anywhere else on AIM.

Yep getting closer each day to the major news items here. Underpinned by cash/liquid assets of more than the current SP.