The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Not the boards fault ... more like a corporate raid ... shorting the share price for months ... three hit piece articles already by TW and expect more,.... constant daily throll attack for months..... attempted alleged theft of assets up to court to rule on ... through in covid delaying potential new deals and stalling progress on aje ... rising oil prices slowing new deals being done .. all not the boards fault .. no doubt shorters will blame management
What are you on about , What disgracefull conduct ... more shorter bull ... attacking the board ... expect plenty of this crap and more over the next three weeks where the shorters contantly attack the board. Don't fall for their tricks.
Its not that difficult 92million revenue bases on $70 per barrell. Profit per barrell is roughly 50% or $35 per barell therefore costs amount to $35 per barrell which covers opex of $20-$25 and other costs such as royalties. All in all a profitable income steam fro ADME . No wonder other parties are trying to move in on their asset and /or trying to takeover the company intially through the board of directors.
why would they go bust... once they start production in barrucuda they would entitled to 85 % of cashflows , At expected 4000 bod thats cashflow on an annual basis is that is $92 million a year say 50% profit is $43 million profit a year . The upside depends on how many drills to get to drill per year. They could easily pay say a 5p dividend per annum that would only cost $ 13 million a year.
Classic shorter ploy , Nice try trying to frighten shareholders of big dilution ... but i doubt anyone would fall for that one.
The company could get a 15m dollar loan secured on there aje field which aling reckons is worth 15m . With these funds they couls drill the first shallow well which is planned to produce 4000 oil per day in which adme get 85% until 2.5 times costs are recovered. That well should produce cashflows of 238,000 per day give it say 3 months they should have enough funds to drill your proposed deeper well of 25m .
Well if the crooks manage to clear the board it wouldnt surprise me after what i see with aaog.
The only thing to do by any shareholder to to keep the current board and repell these attacks.
Bit of a no brainer really with osa and co a possible 10 -20 bagger ... fall for the shorters trap probably 0p in time
I logged in no problem. Nothing too exciting to report. The company is working hard on many from from aje to barricuda to new deals. The impression I got was the current directors have the companys best interests at heart and can be trusted which is very important and Osa and Co have the best chance to get new deals done and transfrom ADME but with covid and even the high oil price is making things slow and difficult.
Spikey , What company is that ?
If ADME is such a terrible company why are you so interested in the company ... you post more than any other investor by a country mile . Why waste your time on adme , thats seven post on adme alone today
Fair point Toold ... anyone on the same side with TW can't be trusted ..also the timing is very suspicious with the court case ... Osa is our best chance to get us out of this mess all he needs is to pull off one or two deals and were back in the money.
Peter , Osa mentioned in one of the interviews that Konh was a company registered in Bermuda but for tax reasons they set up a new uk company called kohn uk .. . I imagine whatever assets kohn bermuda had were transferred to the uk company including its rights to nhnl.
Whats nonsense about it ? I experienced the same schemes and lost a packet from the same shorters and zenith over at Aaog where they ripped that company apart once they got rid of the board and quickly liquidated the company. Ask any ex AAOG shareholder is it crap . Its hard to prove shorters when they dont disclose their shorts but these guys dont care about the law.
Spikey , never mentioned align were shorters ...but it wouldn't surprise me if the shorters went to Align...geeing up Richard Jennings that he would make a great ceo of adme ... looks like Jennings fell for their plan ... and now the shorters are using him and his votes to oust Osa ... ...where the shorters manipulate things in the back ground... abit like a scene from the play Othello were the sneek "Iago" plots and plans in the background.
Spikey you don't get it .... Its no co-incidence that the heave against the board was annouced within hours of adm's rns saying they got a court injuction.... the shorters want osa out because he launced a court case to protect admes rights to barricuda
Dan other pros for Osa are
1) he will defend shareholders rights to barricuda through the court ....based on zeniths offer... thats worth 17m dollars or 7.5p per share . If the sorters manage to get ride of the board you can wave goodbye to barricuda.
2) Osa stated many times they are working on other oil deals...Osa is well known and liked in west africa ... he has many contacts .. his mother is an ex politician ... ive no doubt we would have more deals months earlier only for covid which has slowed everything down not just for adme but world wide.
3) the fact that the directors bought heavily in last deal surley must indicate that more deals are close to finalising