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Was all prepped to top up a few this morning... By the time I've managed to get into my account and get a debit card to work, the price has shot up 17-odd per cent. Here's hoping it's the real deal and not some false DAWN.
“Around 70 times the exposure to the sweet spot” isn’t the same as “exposure to 70 times the amount of oil”... That said it will definitely give us multiples of the original flow rate if all goes well. Hats off to SS and team for a great job done so far.
I'd say a bid at some point is highly likely – if, and it's the key IF – the company in question has a strong relationship with the Slovenian authorities and an existing market/pipeline, and who knows how to "grease the wheels". Where else could you buy an asset for £4m that's worth up to £200m, onshore and within an EU country, with a prior £50m investment in that £200m asset thrown in as a free gift – including infrastructure to market? Of course further investment would be needed on top of the £4m but at a ridiculous ROI. I guess the gamble is does any potential predator wait until AST goes bust or bite the bullet and pay a small price to lock it all down? If the market cap drops any lower, then it might tempt someone out of the shadows.
Hahaha - lets hope he’s not preparing a GUN-related remake!
More chunk-ish trades today... Is it the start of another pump and dump, or something material?
On second thoughts not so chunky!
Interesting article! Reading between the lines it doesn’t sound like it’s been pulled due to outright failure... could it be that it’s not good enough as there’s a superior “best in class” alternative they are looking at? Or am I just doing a bit of wishful thinking?
Pretty chunky worked buy..?
And it makes it much easier to sell off those sub-companies at some point in the future.
It’s not a myth though is it? Apparently on record that it did happen in the case of New World Oil and Gas (NEW?). It’s just in that case circumstances exposed it so clearly that it couldn’t really be denied. And a rule of thumb on AIM is if it’s dodgy and it’s happened once then it’s dodgy and it’s probably happened lots...
Understood, but surely “significant value” has to be understood as offering a good return on investment for long-term holders too. 1.4 pence wouldn’t be a particularly good return on investment for patient and loyal shareholders who’ve held on through thick and thin for a decade plus. (I have personally held for around 12-13.) It’s sometimes a fact conveniently lost on some AIM boards, where share value erodes over time through “jam tomorrow” promises and routine dilution, and they strike a deal that is significant relative to current/short-term share price/market cap but doesn’t represent much more than the equivalent of having invested in a FTSE tracker for the long-termers (at best). Appreciate it’s the risk you take and caveat emptor etc. but still.
It isn’t the Real Man Pizza Restaurant perchance?
I’d wondered about him lining it up for a reverse takeover.
Who knows..? But Gordon Bowden is like the David Icke of AIM (he hasn’t outright called any CEO out for being a lizard but there are wheels within wheels, shady networks and funny handshakes in every corner he peers in); BMD is a serious ex-con whose activities at Sefton suggested he hasn’t quite left his shady ways behind him (so not to be trusted); and Doc Holliday isn’t exactly unknown for playing a straight bat either... I was just waiting for you to mention Tomasso Pizzaiolo...
It’s not technically an oxymoron. “Keyboard warrior” is; or arguably “concerned/helpful deramper”. Quite a lot of both on the BB these days.
Suspect the Bullish Harami Cross Candlestick Is lodged down the well with the Regular Bullish Harami, the infamous tool, and Colin’s old flyfishing rod and line. Here’s hoping you’re right though!
Honestly not sure that maxim applies to AIM... Here the patient generally get diluted to oblivion while being fed with more tales of jam-tomorrow and confirmation bias. The impatient meanwhile get bored of a share as soon as they enter a fallow period of news and usually get out before the share price hits the bottom of its slow decline.
Could extend the invite to Tiny Tim and buk@ki him with Wetherspoons’ cava.
AIM is a funny old place. The comparison with the Wild West isn’t overdone at times... The combination of poor regulation and general oversight of listed companies, newbies and gamblers on one hand and the aforementioned c0ckwombles stirring rumour and foment on the other, and the sheer amount of corruption and inside info makes it a Petri dish of fear and greed. The extremes of buying and selling are often way way overdone so while the risk of losing the shirt off one’s back is a routine risk, it’s the occasional chance of a walk-in wardrobe of shirts, or a new house full of them that keeps the masses throwing their cash into the ring. Perhaps it pays to go for the boring and unloved companies. The attention span of the average AIM punter means that there is a disconnect between price and value. Hype and the prospect of short term gain is all. Sareum has had its own rollercoaster moments, but for now the beast is slumbering. Hoping to see you all in Manchester for the 28p party. It’s been over a decade of waiting for me and I’ve got a thirst on...
Here’s hoping the NEDs do indeed have NADS