Member Info for F458

itsgambling Whats the �3M in the bank account for ?

its gambling Lets see a placing in 2 years time !!! what price do you think this will be then ? We don't need a placing as Iv'e just proven that with facts or are you saying all the RNS's are lies ? Where's your facts ? You don't have any because the monthly burn rate makes AAOG at least 2 years before they require more funding...Do you need a calculator ? By the why, you could of bought at 9.1p now its 9.26p

mikebassetts Yes exactly... they will have 2 further years to keep drilling, Remember it only cost �700K to drill from onshore, that will still leave the company �2m+.... all this placing lark is total nonsense to frighten sellers

What nonsense these De-rampers are waffling about to scare monger weak sellers so they can fill their buy orders lower ! Otherwise why are they wasting their time posting here !! Easy ... I WANT AAOG SHARES before the news arrive any time now. So for all you weak Investors out their a few simple facts.... 1. Read documents from administration into Aim and you will find that the licence can be re-newed at any stage. 2. The Congo Oil company own 46% of this site ( Congo Government ) and ask yourself why would they hold and keep such a stake if there is no Oil ! 3. The delay in the negotiations to re-newal the licence further than the 2020 date is only due to the terms that flow rates were required by the Congo Government and are re-assesing final terms of continued production date that will be given in the conditions of the new licence . 4. AAOG Still have 2 further years without the requirement of a new Licence. 5. AAOG have �3m in the bank of which �700K has already been place to one side for the commencement of drilling. 6. We are fully funded for the complete drill at T103 7. We NEED NO FUNDING !!! = NO PLACING .... FACT 8. Once drilling has been completed and full flow rates have been confirmed then ( we already know there is oil flowing just require to confirm ) negotiations best to place production with the Rig company will be confirmed, hence why we need an extorted Licence so we can make sure the Rig and drilling stay for the entire production campaign 9. It will cost AAOG only $5 per barrel to produce ( Read the RNS's ) I can go on but if you haven't done your research why the hell are you invested here ?.... We all know why !!!! OIL OIL OIL. At Any moment we will get an RNS stating new extended Licence granted, we don't need a placing and 9p a share, no chance... more like 19p a share... watch the mm's mark this up on any sniff of news. And yes very un-proffessional of the previous BOD but now all makes sense, we have a banker, adviser and may I say it, a previous officer in the Foreign Legend required to keep in order the drilling team and future production of this find. You can't argue with any of the above before if anything we have money in the bank ....Fact .... what the placing for ? Would you want to wait for a lower price in get back in ..... No chance DYOR

I agree this will drop before March, MM's spread at times 25% is a classic to halt any sensible trading here. They must know a drop due as still weeks away before any real money can be made as day traders will spend else where for now.

k or F buy unsuccessful at 18p but they will take 100K off me at 16.25 !

well with crypto coins showing there venerability and huge volatile swings in holding a steady gain, Old commodities like gold and diamonds will be safe deposits. Cedex have captured a traditional commodity like diamonds and with Tech's blockchain platform have moved trading with diamonds to the 21st century. This combination is a win win for Cedex and Tech

they said the same about bitcoin and many other digital / crypto coins, they get paid from sponsors to keep the prices down and put off investors whilst buying at lows. Remember most will be following this to the pre sale in March and buying at this level they wished buying a few months ago at 6-8p. This will only become more difficult to buy when TECH pre pare to buy a huge stake in CEDEX. Don't believe media all paid from those to de-ramp and ramp Do your own research always, facts speak for themselves

What a drop from a few days ago mms at there best. Top up for me here at 25 p March only weeks away and so much uplift for Tech once CEDEX in play. These early private investors want in now hence the delay till March, I get the feeling more CEDEX coins will be sold making an ever increasing rarity of what coins left very diserable

Euclid55 Your figures in principle are correct but in the real world and deduction for actual true nett worth of Tech you should be deducting 60-70% 0f 87p giving a more realistic sp price at 51p max and thats when and if Tech as bought in without any problems on the way. Further dilution will continuing to lower your cals

RNS today clearly demonstrates that Cedex can continue to pre-sale or add further shares to private investors that will ultimately reduce Tech's ability to purchased at the agreed price. Originally 90% was on offer but we now see this reduced, the time Tech will be in the position to buy Cedex share this will be probably down to 20%. Cedex have very cleverly placed this option. Cedex also knows that it won't be given away more than 46% share of its company otherwise it will loose control to others. Yes Tech's part is very important but with a current market cap of �25m I feel this will stabilise until we actually know what percentage Tech are really going to buy. Trying to place some sensible logic in how Cedex is going to let go of its options to Tech. Makes no business sense other than continually reduce their stake

with the increasing rise of ETH surely valuations must be reconsidered. With the terms of Tech having already agreed to be part of Cedex holdings at some part of the future for using its platform then I can only see huge value added to Tech. We have already seen Japan wanting to join and be part of the Cedex launch which can only increase with the limited demand of coins issued. Must expect an RNS with new terms, why else not released one yet

hi euclid55, if eth continue to rise surely the value of cedex will become more expensive even with the 30 % discount, if this is the case what's the possibility that Tech's agreement to purchase Cedex at the current price will be forced to increase its offer as double the amount of coins will be released ? be worth much more value giving its original stake . Many thanks for all your posts, great reading and very informative

order been filled 125K 23.04p happy with the over done retrace, thanks sellers

just selling to make a decent profit for xmas. Every one needs extra cash at xmas, most other share holding company directors do the same, and thats the reason for share option. Making sure you replace shares you have sold. I calculate approx £15,000 profit. Nice xmas he'll be having

both 50K at 13.02 and 13.03 are buys too although show as sells 10.7 + 10.3

i know an order was being fill so no artificial sells here

We will have £2M reserved for the full drill funding, These funds will gets us to the final confirmation of flow rates. By end of Dec 2017 AAOG will have approx £1.1M cash in the bank once everyone been paid, there fore leaving funds in the bank to run the company for at least 4-5 months ( May 2018 ) We need no funding !!! The only time funds we be required is when production takes place, This I strongly believe will be via a JV and by this time the sp will be multiples of todays current price. The problem with posters here is they have not done their research. DYOR

I think you have forgotten that they are drilling where they have flow rates already. All bit low but it is flowing, the drill is going to determine at what depth to increase substantial flow rates and lets not forget its only costing the company $8 a barrel to produce so they will be self cash sufficient. All in the RNS, the only mistake the BOD have made was to get an average joe bloggs drill team of which they have learnt this mistake. The new drill arrives with a 1st class reputable team hence why they have been in demand and the delay here till Jan 18 is worth waiting for. Oil is there !!!

we are waiting on news of the rig to start its journey to us. Not long now early Jan 2018 and once set up we are fully funded until confirmation of huge flow rates. Been a long time coming, Investors now taking positions as shares are little in circulation. Xmas round the corner and Jan new year before we know it. I won't be without a substantial holding before new year incase we get early news.