The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
The journey may start 18 if not will defo in19. Once a new campaign announced with a bit of meat in the bones it will fly. The a getting drilled and I would suspect a drill to prove up how much of sea lion is in our acereage. 2019 really not far away in oil exploration terms and yes AIM is a gamble but look at the risk reward. 100m MC will be reached once plans are firmed up.
Agree Noble will not mobalise a rig on there own it will be a joint effort with the prem/rkh as they to have further drills to prove up resources. As long as Oil price is stable the falklands will produce.
Seems market hasn't woke up yet to this, been in for over a year now and price pretty stable and feel there is accumulation going on. company has been getting the contracts and the re-org will soon be complete so expect some good results which will help it along.
We have to all agree that whats is good for one company is probably going to be good for the other as it means we are moving close to new campaigns starting after years of being dormant.
If all the other countries pulled out would it stop this deal happening, probably not. The sanctions would come back but as far as airport security and its far reaching effects this deal would probably still happen, as it is in everybody interest to achieve safer travel.
Have been saying we will move higher on the coat tales of RKH and we have. Plenty going on in the background and presume the next campaign will be announced very soon which will include Rhea and don't forget there have been talks of sealion in our acreage. next few years could be transformational for the whole basin with EDL MC well above 100m when the drilling starts.
Bamb totally agree, AIM is a shady place and if you wanted to fill your boots at a low price but there was no liquidity in the stock at that price what can you do. well a bit of delaying news will create said liquidity and said boots can be filled. Once the boot or in this case wader is full the price will rise.
well it may sound suspicious but I don't mind them sending out coal for sampling even if they cant meet the order size as they are being paid market rate. I really don't mind how many tons or who to, so long as they get market rate. What i would not want is tons of coal gathering dust in EDL's yard and when mr blogs says if i pay you market rate can I sample that coal you have got there gathering dust mr short says no you can't because we wont be able to meet your order. It really doesn't matter how its done as long as it adds to the bottom line.
I agree. 2 reasons why placing price V low 1 didn't matter to EDL as something in the bag to push us higher or 2 not much in the bag so best deal they could get with the outfit in its current position. The fact they managed to raise 750k means someone sees potential. Just not many on this board. Oh well......
Have been following the board regarding the letter and the EGM, well done to those who have pulled together . EDL will blossom it just got the seasons a bit mixed up.
As with most aim shares prices will drift back between news and sentiment, you have to choose a entry point that you are happy with and stick to it, re evaluating from time to time. ARG have little float in shares so will make big moves on small volumes and giant moves on big volume. We are a big part of the unfolding Falklands story with NO outlay. I see this share giving the best choice for multibagging, purely based on other companies hard work and massive expenses. Our biggest risk is sustainable oil price. This company has a ridiculous low MCap with future royalties wow.
I would say still Oman. This ties in with the airport but more specifically the security being resourced by the police. The government have stated they want to privatise certain government funded sectors and have stated the police is in scope of their future changes. So we have the security being run by police, these employees wont be sacked but taken over and managed by WSG if they so wish. This is the hold up, getting the final OK from OG for this to go ahead as could be a volatile situation and needs to be dealt with carefully
What you mean is not one ounce of share price value. You are mistaken by achievement there has been plenty of that. License area proving resources mining the stuff. That's a big achievement just not in some people's time scales. The same people who think this can all be achieved for a few quid from your back pocket.
Your aving a laugh! spent most of my life working with Africans and I can tell you, lazy, unscrupulous and untrustworthy, even been told that from westernised Africans about their own. Don't even go there you may have rose tinted glasses about the sub-Saharan lot the same as I do about EDL. Perhaps we both need to go to spec savers.
Once again Tanzania, Tanzania, Tanzania, a very dark place notorious for skulduggery and untrustworthy people. I keep promising myself I will step aside on the next rally but always fail to in the hope that EDL will come good. I live in a glass half full world not a world of insider knowledge and thieves and unscrupulous inhabitants. When will I learn
Well it didn't get there and if it does without any change or news I will filling up me other boot. Multi bagger on this one without the company spending a penny, probbably don't even need to get out of bed for that matter.
You are correct Noble are not part of Sea Lion but has adjoining licence areas that Noble have got an interest in and field acreage that has a good possibility of traversing I am certain Noble will be in the communication with Rocky and PMO. This is because they all have a common interest and there will be the opportunity of sharing costs and therefore risk. To think Noble are nothing to with 2 companies in the planning of the next phase of the Falklands adventure is simply ridiculous.
I have never understood why or how companies can pay dividends when they have debt I was always taught to pay my debt off first before doshing out money so it has never seemed logical that payments are made to shareholders when the same company owes millions. Pay off the debt then the debt doesn't cost you anything and then pay the dividend. WE seem to live an a strange world of debt doesn't matter, but some companies are clearly not managing it properly and I can see some more of this coming over the horizon.
Cheers for that heads up, all sorts going on and as long POO's price is not a false dawn and sustains this price range for a while we will see plenty of activity in the Falklands companies this year. I still see Argos as giving the best return as MC is stupid and their position as far as potential royalty's is enviable. Plus share base in circulation is V small.