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Just sit back guys and wait closer to the drill. Definitely not one to trade daily but if you have any spare cash this would be excellent top up opportunity . Iv'e just taken another at 5.3 p .
Time to let the days move forward closer to drill starting dates. Its must too riskier now to expect to get much lower than this. Yesterday and today have seen the MM's balancing their books. Not sure how many more they need.... all those that bought from 5p -7.9p will need their shares hence the game the mm's have created..... their dream of now receiving all these cheap shares by the sellers in the last 2 days. Once they are ready, the next lift will start. I've been trying to top up on every dip but been almost impossible to buy. MM's want to buy your shares and not sell any.
Go and enjoy the lovely weather and see this to double digits in. a blink of an eye.
You all have read the facts..... TOM is going to be one of the best performers in 2019.
These prices won't last much longer..... re-trace from 7.9p overdone.... expect reversal imminently
Yes, but their funding will come from a JV or private investor whom want possible 50% stake. Considering current M/C @ £7M
and knowing the huge uplift due. Consider all the Licence approval and the size of the fields to drill. We can easily see some one offering £10-15M for 50%. This funding will come at at much higher cost to the funder as TOM will be wanting some rewards now after the last 5 years plus of hard work and shareholders dilution.
A modest £20M plus M/C during and after the results of this first drill is very likely. We are now being watched by all major Oil companies and considering TOM have a patented product, This will be worth £10"s M alone.
£20M on results = 18p per share min.
Don't rule out a Buy Out with this technology keeping conservationist at bay and extracting Oil will be worth multiples of £10"s M.
Oil will always be required other than for fuel for vehicle.
I still think most do not realise the huge success being lay here. The markets will soon wake up when an offer of funding will be revealed and multiples of todays current SP.
Those still sitting on the side lines I suggest you read all you can. 7p is nothing considering the huge potential here.
Once the drill commencing next few days and they prove how effective this method is, We will be seeing the birth of a great
company having spent many years getting to this point.
The markets have mis-calculated TOM efficiency in getting the licence's and never thought they get this far. They are now desperate for shares.Thats why the tree shakes today, Pulling the sp down, notice how difficult it was to buy to top up every time they dropped the sp. Even at the close the dramatic fall forcing out sell limits etc and to encourage you to sell. Hold on tight...... Its just the beginning. 10p tomorrow then to 15p plus on drill
well I almost predicted 7-8p close
MM's dropped this in the last 2 mins taking out shorts and sell limits. ready to accumulate yet again another trading day tomorrow.
They know this is going multiples of todays closing SP, they need shares to trade especially before the drill starts.
Should close nearer 10p tomorrow giving modest M/C of only £11M.... Again seeing this close to 15p on drill with partner of ownership for funding. I can see 15-20p plus short term giving a stake to a private funder in October @ 25p
TOM.. as stated no funding until Oct.
This means when they commence drilling next weeks they will prove how effective their method's are in extracting oil this way.
The markets will diffidently take notice. And as I mention before we will see a M/C over and above twice the current value.
Octobers funding will be at a huge premium
no placing until a revaluation of the company. I expect once this settles between 10-15p then a private share option will be available at a much higher price and we investors won't get a look in.
There is too much interest now with plenty large private funding that will want in.
I expect a M/C of £12- £15M min before anything happens
Jamesons
You can support as much as you like to the BOD's
Very Simple facts are ... with so many fund raising in the last 2 years with £10's M's spent we are still no where near production.
We have made huge loses £12M and have no funds for production...... SIMPLE
DS stated very clearly when AAOG was placed on AIM with an SP of over 30p that they would not receive any income until production. One of the first larger fund raised clearly stated funds for full production.
This is not the case now. Ask where has all of the funding gone ?
You don't need to be intelligent to gather that we have loses of £12M, No money to full production and we are at least 12 months away... All factual.
Twist what ever fits your posts but unfortunately the current 5p says it all.
If DS and rest of the board are so convince that they are looking to achieve share holders value, Then they all can buy huge amount of shares at the current rate. All the income they have clearly drained from our cash they should rein-bust.
Simple guys get your hard earn cash out and prove to all investors we will be producing by end of the year.
1M shares at 5p = £50K
With DS drawing best part of £220K per year surely he can afford 4M shares. If he is so convinced then prove and commit to what you preach. But I doubt it as he only knows since the IPO where this has gone.
To sum up everything they have achieve is drill a small hole and plug it. FULL STOP.
What an achievement considering AAOG bought an existing well in the first place.
Extra funding at the realm of a discounted current SP
Talks of farm in for production is more likely. No need to raise funding. Remember now receiving funds on a monthly basis from SNPC see last operational update.
These funds are more than enough to keep AAOG. A Farm In here is more likely now both reports have confirmed their fundings.
"Receivables
Further to the announcements of 29 March 2019 and 25 April 2019, the Company continues to receive regular payments from SNPC as reimbursement for its share of the costs of TLP-103C. The latest payment was received on 17 May 2019 for US$716,000. SNPC has confirmed that it intends to continue making monthly payments and that the sums paid each month are likely to increase. These sums are being applied to paying down creditors and for general working capital purposes.
LB28
as to someones post to you on ADVFN, don't worry about the conversions these had been arrange long ago and they need to be implemented now so the company WDC can be closed down and switch to IconicLabs.
M/C is dictated by revenue and contracts, There are many Aim companies with over 1B shares with huge M/Cs
The next set of RN's will be a game changer here. I suggest you listen to DS pod cast