The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Could be worse, EYJ down 3.2%, JET2 down 2.5%.
i understand everyones concern, it is super depressing seeing far more red than green/blue, lets not forget the stellar performance last results. need some more results like that to show consistency and then we'll be moving again.
So i jsut spent a good 5 minutes writing a constructive post to you challenging your discussion points, and you cant even be bothered to reply properly other than 'it has debt'
I hope all your posts continue to get deleted, you're a waste of space, with absolutely nothing to give. I won't block you, becasue if i did, i cant report you.
Https://afentraplc.com/wp-content/uploads/2023/11/Afentra-plc-Block-3_05-Angola_Memorandum_Rev-Terms_Client-release_Final_signed.pdf
https://afentraplc.com/wp-content/uploads/2023/11/2023-AETplc-Approval-of-Sonangol-Acquisition-final-091123.pdf
Ouch.... look like terry/jadams, and the other guy just had all their posts deleted? banned, or account deleted? sure it wont be long until they come back under a new name.
i'm all for constructive conversation and discussion about a share, not everything is rosy, especially in these times; but constantly saying the same thing over and over again, without ever backing it up with any facts, or figures, and completely ignoring the real values based on the investor presentations is just crazy, and tedious to keep reading, so good riddance, and good job to whoever kept reporting the posts.
Also mcap too low?
do you want the board to dump a load more shares on the market just to increase it?
the company has been suspended twice pending deals going through, is a new company and has made 2 big acquisitions, the mcap will come when sonagol is signed. it isn't even an accurate statement.
He still hasn't explained where the debt has supposedly come from other than the revolving debt facitily that AET have on offer, or how much he thinks it is, or how to explain away the 10s of thousands of barrels of oil that AET have stockpiled ready to sell on completion to make large profits.
IF AET had purchased the site and the deal was that no oil would be obtained by AET until the deal was compelte, I would agree with him, deal paid for but nothing to show for it, but it simply isn't the case.
just keep spouting the same nonsense about tonnes of debt, but nothing to back it up. is that not the definition of a psychopath? repeating the same false stories.
Not sure if their online booking system accurately reflects the actual bookings, or they reserve a certain % for nightly walk ins, but when i tried to book various tables between 4-8 people over a few week and weekend dates in Dec across 3 different sites, everything was booked. They could offer a table at about 1500, but that was about it.
Except the fact that AET have been stockpiling barrels of oil ever since the Sonagol deal was actually confirmed without selling them.
Much like the INA deal, once the deal is fully confirmed, AET will be given control of those barrels and will be allowed to sell this stockpile for $$$.
Whatever way you spin it mate, you lost, cover those shorts now before its too late.
The completion of both the Sonangol and Azule acquisitions, combined with current interests, will result in Afentra having a 30% equity interest in Block 3/05 and a 21.33% in Block 3/05A providing Afentra with net working interest production of around 6,000 bopd.
The above quoted 21.33% includes the China portion they lost.
6k barrels per day at $80. Looking juicy! Just hopes it completes quickly to keep the upward momentum going. max of 7 weeks, better get out now Terry.
Government Approval of Sonangol Acquisition
Afentra is pleased to announce that it has received approval from the Government of Angola for the acquisition from Sonangol Pesquisa e Producao S.A. ('Sonangol') of a 14% non-operating interest in Block 3/05 and a 40% non-operating interest in Block 23, offshore Angola (the 'Sonangol Acquisition') pursuant to a sale and purchase agreement between Sonangol and Afentra's wholly-owned subsidiary, Afentra (Angola) Ltd, dated 20 April 2022, as amended and restated on 18 July 2023.
The Company is now working with Sonangol to finalise the formal completion of this acquisition which, as previously announced, is anticipated to occur within Q4 2023.