Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Agreed..I had a conversation with my stockbroker yesterday . He has direct access to MM ...basically selling is being done by retail investors. His view is the smart money is still there and the MM's are making a killing.
@EnergyGeo
Like others thanks for your posts it has helped me understand the technical aspects of the process. Particularly liked your para re funding.
My background is Project Finance ( not Oil related ) ..my assumption here is that the JV will have indicative heads of terms from prospective lenders which will be subject to verification of technical / financial conditions.
The scope of the technical and valuations will be tailored to the lenders requirements and I suspect they will have had considerable input by this stage. If so once the reports are complete it should be a relatively quick process to proceed to legal completion and drawdown.
Likewise added another 700k @3.955 , split into 4 purchases with 2 showing as sells. I now have a substantial holding , for me , with no intention to sell. I suspect there are a number of PI's holding in excess of 5m shares here with similar intentions . This can only bode well for the SP moving forward.
Likewise I added 500k at an average of 3.990 this morning although they are showing as sales. Will be happy when this rig moves but patience is the key here.
My view is this is a positive update..2 weeks is nothing in the wider scheme. The time is not being wasted.
AGREED TIME TO BE BRAVE..I have added another 650k this morning.
A little general info. My cousin is a Project Engineer with 30 years experiece working for major oil companies , presently he is based in Singapore. I sent him a link to ADV site and technical info in May this year.
He has just switched on hid UK phone , studied the info and generally gives it a thumbs up and plans to make an investment in ADV.
His view is the outcome has limited risk ( there is always some ) but the outcome is positively skewed to the positive.
I have been invested here since IPO and have 6m which I intend to keep as a long term hold.
Excellent interview..most important 3 words for me 'patience is the key'.
Agreed very positive RNS. I have bought a further 600k ( shares ) but its showing as sales. I would have expected a higher uplift in the SP given the news but can only assume its allowing others to realise a profit!
Agreed price dropped after some large sales so in for more. Very interesting podcast and good to have further info on longterm strategy.
Likewise bought another 450k at 3.2p today..given the prospects here its difficult to fathom the rationale behind selling at this stage. There seems to be a lot of private long term holders here with significant holdings..it would be interesting to get some idea of the total held.
Try Interactive Investor ..100k lot confirmed at 3.35p
Like wise a further top up after slight weakness this morning. Sold BP to buy more ADV..
Transaction data unreliable..no sign of my 250k purchase this morning. I am confident here of a good outcome , patience required.
Very interesting interview 'under promise ' and 'over deliver ' springs to mind. Content with that and the long term strategy.
Very interesting interview 'under promise ' and 'over deliver ' springs to mind. Content with that and the long term strategy.
Encouraging news ..more purchased this morning although shown as sales!!