Member Info for grsshaw

Reassuring to some extent from Peter - Nice to have some honest communication - just hope it doesn't back fire in the short term and certainly not being helped with another 5% down on price of Oil

IFC had 4.9% 20th Oct - I wonder how long this will take to burn through their holding - I guess we wait for the next holding RNS to see how quickly they are moving their shares

GLA

Understand fully your point made bucklefern,

USA elections is causing plenty of volatility as well as COVID - no one seems to be worried too much on the BREXIT situation (YET!!) as they seem to have more pressing issues at the moment!

Just from my experience the last 4/5 days trading days following the RNS on Friday morning confirming and de-risking AEX does not make sense to retrace back so far. I feel there are few games being played here

I had this once with another stock I held a few years ago. I held a good % and the SP was crashing for no reason. I was buying many shares at the time when the selling was taking place. I thought the share price was crazy and was well undervalued. After I placed quite a few large buy trades I received a phone call from my broker advising me to stop with the frequent buying and either put in one large buy order or they will put my account on hold. They advised me that this buying request is stock market etiquette and fair!!. I told them I was buying over multiple accounts and I was reacting to the market so didn't have an actual plan for how many shares I wanted in total for the day

When I tried to buy more after the phone call my account/s were then frozen for the rest of the day and the SP reduced down and continued over the next few days only to bounce back and then some over the next few weeks/months. In theory it did me a favour at the time as I managed to purchase more shares at lower prices paced out over the day/s. But I feel there was an underlining reason for the phone call!

Still not really sure what it was all about back then and I am not saying this is the same situation, but I feel there is something else happening here (cue the X-files music) and it just doesn't feel right (gut feeling) it also seems to have a few other investors perplexed as well

However, I have also been a large seller of stock in order to move shares down to pick up cheaper, but I don't carry out this tactic anymore - and I certainly wouldn't do it when de-risking news has just been received – you would need a lot of shares to carry that out!

Of course I am not trying to buy shares into this fall as I did before, but if this continues I may try a few large buys next week to see if there is a reaction as the volumes are not massive at the moment!

Be interesting to see if we have another flurry of buys and how that affects the SP

GLA

Doesn't make any sense after the recent news - this has been walked down all this week on relatively small volume. MC is now at £36m! This is why I love this game, it's just not possible to predict near SP movements but if smart and you see value as long as you have time and patience you will mostly do just fine
My holding is safe and secure and I'm not reacting to any of this noise as I don't see what the panic is all about and it doesn't really make any sense following the recent news flow . Wasn't sure what the quick bounce was all about yesterday but that was bought into and then sold into very quickly.

I will top up soon enough to trade but going to leave it until the elections are all sorted and this seller who ever it is (maybe it's Jay) has had their fun - assuming the election result will be announced approx middle of next week

At this rate, if SCIR could get hold of £60m (Mixture of cash and shares) they could be putting an offer to RTO AEX at 1.6p and then be carried for the full 50%!! Only joking, but you can see how stupid this situation is at the moment for any company looking inwards at AEX's fundamentals

GLA

Been building a position back in PPC over the last week at 1.5p (sold at 4p - but bought at 8p!) - it was very easy to buy large volume last week but seems impossible to sell small volume this week when testing the current pricing!

Good timing I thought on my buying when looking at the news over the last 2 days - but in fact the SP has gone down!
Happy to wait a while as looking at reviewing my investment this time next year but PPC need to get some liquidly in the day to day share dealing now. I think someone mentioned before that diluting the shares too often and on a regular basis and not buying on the market is probably causing the issue here!

Will maybe look at purchasing a few more soon but will wait a while until liquidity starts to improve

Good Luck All

AA, I still think the market is finding its feet at the moment after the recent news, large volumes and large daily moves in the SP. I am hopeful that the SP will settle at a fair value very soon. My fair value currently is 1.65p due to the FO completing, the work programme in place and agreed plus ARA is now fully managing the show. All the other details re actual timing of drill and 3D and other outstanding items, when known, will then make its own impact on the price when announced which may be positive or negative!

Most investors major concerns (with what was discussed on here before the FO was agreed) have been take away with the recent news - of course there is still the unknowns at play (as with any investment) but as I have said I am personally looking forward now and not backwards and treating AEX as a new company. AEX is now supported by a large well respected O & G business (who just happens to own a substantial % of AEX) with plenty of investable cash already earmarked for spend/investment in Tanzania. It also appears that the gov may be a little more pro active going forward once the PSAs are all sorted- so hopefully the timing is now right and we have goldilocks situation where everything is just right! Just because its not been in the past doesn't mean it won't be going forward!

Still comfortable and positive with AEX as I have not seen or heard anything to make me think otherwise!

Pretty shocked this had hit 1p TBH!

I am watching with patience with no panic - news has changed things but only for the better surely - updates & news flow is not too far away it seems so lets see what happens when announced!

Volumes seemed to have dried up a little over the last week (except Friday) so makes the SP swing easily. During Friday the SP hit 1.55p and its only Tuesday midday and at 1p to sell - Crazy times!

Will review end of the week, after the election, and may top up with a few more but I am comfortable with my main holding and if I bought any additional shares it would just be for trading only! I have enough keepers for now

Good Luck All

Personally I will now look at AEX like a new company - most of the FO delays were down to the PSA review which looks like this is about to be concluded. Hopefully this will now mean any other outstanding issues will be sorted so they can move on - lets see how KN1 is sorted and how quickly they receive the approval to get the gas flowing again and also monies owed will hopefully be resolved. RA has impressed me so far when it came to cost control and taking the ridiculous share options back off the table as well as not taking a large salary in the first place

There will still be the general slow African decision timelines to work around but feel it will be a lot better than the last few years going forward

Early production revenues
I have an eye now on that pipeline to the Madimba Gas Plant which can be financed as part of the $105m spend at a cost of approx $20m. It would be good to see if there is any mention of this in the up and coming OCM. Assuming they could start to build the gas pipeline at any time now as its not subject to the drilling of CH1 and will be on site of NT2. Hopefully, they will also need to look at building an Oil pipeline from CH1 at some point too!!

I feel the share price should slowly move up over the next few weeks following the FO and I had a target at 1.65p at the end of the month which I hope will still be achieved then onto 2p from there with nice steady small increases
Robbie2017, I think majedie sold out 13th (day after the 160% increase which finished down 10% on that day) then completed their sale on the morning of 14th which then SP shot up and ended 50% up

Only Just seen your post matherdj - re our same comment re cash until May 21

Didn't we just get just under $2m from back costs - which will be paid over the next six months and it was confirmed this would last until May 2021

Plus very small G & A costs now - I am looking at the next stage for AEX is for work on KN1 to get back producing - if I remember approx $250k cost was mentioned but that was some time ago - with a 3 to 6 month time mentioned to resolve

If any placing is announced I would expect an update on the gov situation re outstanding issues and agreements in place before this happens - also we may not need any funds if AEX receive the outstanding monies owed - I guess this will be subject to the long awaited PSA review being finalised before this will be resolved

Still have that 'happy marriage' comment to see if anything materialises on that as well!

Today was very interesting and I guess this is what happens when you go up 160% in one day as it attracts the traders/players. Should calm down a little next week but I guess AEX ticker will be on a few watch lists for a little while so may have a few peaks and troughs to deal with for a little while yet

Have a lovely weekend all - I'm off for my well earned Friday beer/s

Looks like to be testing support - this should now higher the support to 1.15 if the bounce continues from here - onwards and upwards!

Fun & games!

The work programme has, as I understand it, already been agreed - so assuming this is now down to ARA to manage the full programme - AEX are passengers now. RA mentioned certain long lead items have been ordered so I feel they should be in a position to move quickly now with no barriers from gov/cash restraints in the way. Just the rig lead time I guess but hopefully this has already been planned which is why ARA had had enough with the long stop date extensions

Like previously mentioned AEX can now focus on getting KN1 back online plus sort the outstanding monies. Still have the PSA review to be announced by the gov as well, which will hopefully move a few of the other outstanding issues along

MM's will happily take these shares at these prices - watching how this performs today and then into next week!

A few limit orders to work around at the 1.50p mark - Once these are taken out it should move higher over this price on the next attempt

Sorted - now to move on!

https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-22nd-october-2020/#gs.jcjmbi

Well that was a bit of a mad hour!

Lets see if this goes on another run later this afternoon - that would be a very good sign that we finally have found a support level - then onwards from there! News a bonus!

Interesting that each morning with 'no news' a few trades mounting up-to approx £50k can knock off upto £2 to £2.5m MC

Its getting a little predictable each day which to me means something will change all of a sudden and will catch a few out

Thats the stock market for you trading the fear and greed when waiting for the next bit of news. Personally, I only listen to actual firm updates and make my mind up from that information only - the rest is just noise and it all depends on how loud and how many are shouting and it works both ways!. How many shares recently have shot up due to market noise only to be issued with a speedy ticket (we know of no reason for the share price increase and all known news is public!)

I will keep to my strategy and price targets and only respond to actual news when released - (boring I know, but does work) seems to be good support at this price at the moment so the games may be just a little harder to play if this 'no news' goes on any longer

My take on the delay if that it is connected to gov news and PR as well as confirming as much news as possible as to the next steps and timings etc..

This is good news and until I hear anything to the contrary its still down on my pad as good news and progress!

Good Luck All

Finally seems to be some PR - is this down to name change or news updates - hopefully a bit of both

Good Luck All

Yes, I probably have picked the low seattle, but I did start to reduce my holding by selling little by little since the deep discounted placing TBH.
AEG seemed to have got on track just a few months ago with an increase in the SP to on, or just over 1p, which was just after the CLN note raising £800k at 1p (Lumber) , then 2 months later placing £1.51m at 0.6p (CS plant) which was very dilutive and seemed a desperate measure. This situation I did not feel confident about so started selling. I was going to keep a few but managed to offset some AEG loses on other recent gains so I have decided to fully reduce my exposure for the time being

I am not sure what has happened with the CLN interest which was deferred to a later payment or the option to convert to shares at 1p (I think that was the details) but there is too much uncertainty for me at this time re the CLNs and how they will fund the plant

I will still watch from the side lines for now but have a feeling there will be more dilution to come before or just after the new year so will review in late Jan early Feb to see where they are with the Lumber, 5 tph plant, CLNs and future funding

Wish all the best and luck on this seattle as well as all other investors

Polite observation fully accepted dunderhead