Member Info for mcadder

Course it will get voted through. We must give OO a chance to show that with his influence he has in West Africa that the deals they have been working on for some time will come to benefit the company and us. He deserves that at least right?
....... "provide funds for investment that tie into our strategy to identify attractive investment opportunities in the oil and gas sector, primarily in West Africa."
We'll soon find out just how attractive hey....

Gilo how can you possibly be still holding when almost every post of yours contains such negative content and expletives along with claims of "fraud" and "con" and now we have you discussing PEEL's exit strategy ffs??!!!
Perhaps you should be considering your own exit strategy if that's what you really think?!!
I get that you are pee'd off having a much higher average than some of us but surely if you still hold you'd be glad of any positivity here and potential for this to still succeed? Or perhaps investing in higher risk plays with potentially high rewards just isn't for you?

Slowlyslowly - happy to be holding here along with PEEL and Zark capital to see this head back up for the real returns unlike deluded gilogilo who obviously has a very high average if they are still even holding.

Well said slowlyslowly - from another REAL investor lol

Changing the subject as gilogilo is getting rather tiring now I see PEEL have just increased holding to 19.24% - RNS just out...

MakeTea - certainly looks to be a massive buy at this price. I may top up another 100k this week if it stays round this price.
Looks like oil prices may react this week to the attack on the weekend.....
Tweet
Platts Oil
@PlattsOil
#Saudi attacks, supply risk could cause prices to test $80/b: S&P Global Platts Analytics | #crudeoil #OOTT
*Saudi likely to maintain exports, use reserves
*Spare capacity may be at risk by direct, serious offensive

report: http://plts.co/dKeQ50wagoO

Financial Times
Middle Eastern politics & society
Saudi Arabia faces weeks without full oil production after attack
Kingdom in talks to assess whether it should ask fellow Opec countries to help calm markets.

Analysts warned that the size of the loss could trigger a sharp rise in oil prices when markets reopen after the weekend, potentially spreading fears to the wider economy.

Ok so the bod are looking to increase authority to allot up to 300% more shares further down the line as and when they may require it as each asset transaction takes place. Can't see a problem with that as they are simply setting out their stall on the road to delivering real increases in value for the company. We know it ain't for working capital purposes they are being clear what it's for and that they need the flexibility to be able to move on a deal quickly.
Much better to have more assets to our name producing even more revenue at once reaching an mcap of £50M and somewhere between 100-150M shares (35-50p a share) than an mcap of about £10M with the current 50M shares (18-20p a share) which is the most we could realistically hope for presently if we were to acquire no further assets.
The fact that they have mentioned the desire to do this gives confidence in the ability that the bod will pull this off.
The interview the other day confirmed that the deals are already there - they just need structuring and concluding.

Well assuming within the next 3 months there are firm details on development of the gas in the aje field involving all partners and confirmation of further transactions on other assets they are looking to conclude, then the number of shares in issue including the warrants will pale into insignificance.
None of the latest proposed warrants can be exercised for at least 6 months anyway. As long as the assets they are looking at and have been looking at for some time add further value to the company then I don't see an issue.

Spikey if you were a genuine investor you'd be happy - very happy with a premium placing of 832k worth of shares at 7p but clearly you have an agenda here that's plain for all to see. Funny that isn't it??

Very sad EA L.....Spikey hasn't posted since 8th probably when he got banned and suddenly floods the bb but then at the end of his posts writes "gl honest folks" lol

The 11M proposed placing shares for 832k are to be at the issue price of 7p Spikey so it's a premium placing of which Zark capital are taking 9.73% and will be holding 6M.

If the cash position was so dire I think the above outcome would have been pretty unlikely don't you?

It's clear what the money is for in black and white.....

"The funds will provide working capital and help the Company to appraise investment opportunities and to provide funds for investment that tie into our strategy to identify attractive investment opportunities in the oil and gas sector, primarily in West Africa."

"attractive investment opportunities"....sounds good to me

EA L - he's copying and pasting other posts that 66778898 put on advfn a couple of days ago only that poster didn't get any oxygen from any posters on there. Take EA L s advice Spikey before you get banned again lol

I see that you've virtually copied and pasted the post you left on advfn 2 days ago and put it on here LOL.
As you say it's in your view that the company was low on cash but you simply don't know that. After all they raised 500k only a month ago so I would 100% disagree with you there.
This recent placing looks to be for something else cooking behind the scenes and only time will tell.
As for the warrants they are not exerciseable for 6 months with a price of 8p. The previous ones were 4p so expect the SP to be much much higher by then plus you forget Spikey that warrants exercised mean more cash for the company.
I see you haven't posted since 8th Sept not long after you had a load of your posts deleted from the adme bb....I take it your ban has been lifted then lol

OO came across the other day as very modest and not one to blow his own trumpet - he's just getting on with the job like it sounds as though he has for the last 2 months as CEO and prior to his appointment.
Clearly the deals that he has had in the pipeline prior to his appointment are a good fit for adme and should bring a lot of value to the company otherwise there simply would be no point him being here.
Also look at his track record of negotiations, ability to conclude financing and deals on a corporate level. Along with his inside out understanding of the top down bottom up bureaucracy that exists in West Africa and ability to navigate that bureaucracy and you'll start to understand why he is here.
Now with the premium placing announced and with a decent amount of cash in play to use to pay an option fee on those assets they are looking to conclude deals with over the coming months, it shouldn't be long before we begin to discover which assets they are, including an update on development plans on the aje gas field.
OO seems like the sort of straight talking person who strives to under promise and over deliver.

Despite a few chunky sells this morning MM's will still take 120k in one go at 6.30. Read into that what you like but anyone selling now would be bonkers imo

Second price monitoring extension.

Explains why can't buy. Interesting....

Gone to Price monitoring extension for adme 3 mins ago...

And another 148k buy seconds later :))

Nice 150k buy just gone through....

With PEEL and other investor's now holding such large percentages in ADME there's no doubt it will get voted through.
We probably will find out more details on progress and potential acquisitions prior to the EGM anyway imo