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Guys look at my previous history and you'll see I have a juicy position in Argo which has made me over £75k profit in less than a month. I'm invested in this now too. Ignore the SP and focus on the Mcap. You'll easily get a multi bagger with this stock at these prices. Follow the money.
This stock seems to have attracted a lot of the odd balls on here who have no idea about trading. Look at the MCap of this share, it's peanuts. The cannabis biz is only going to get bigger and bigger and this stocks Mcap is only gonna rise substantially.
In with £10k at 16.9. This is definitely going to be one of my best investments this year. A few platforms aren't showing the ticker to purchase yet. GL my fellow holders.
Morning troops. Got invested in this a bit too late to see any of the big rises some of you have. I'm happy with the RNS that have been coming out and the raise at 80p has turned out to be a good discount. The MCap is pretty low but I have a feeling that's due to a lack of confidence in many sectors as to where BTC is heading in short term. As we all know BTC popped a resistance point yesterday and was on a steady rise, if it turns the ship around again (suffered small fall this morning) then this SP will easily rise to £1 by tomorrow. The UK has ways been more risk-averse than than US. GL.
Personally I would not want any fundraiser to take place in the forseeable anyway. The SP needs to come up a heck of a lot before any of that chat and even then we would only want potential dilution to directly result in a far greater T/O & profit.
I believe Egdon could benefit directly from a bank line of credit to see us through the short term and I hope management are working on this as a form of backup.
There are better fundamentals around Egdon now and once the crisis abates we will be in an improved position than only several months ago.
I wouldn't take much notice of SP at the moment. Egdon is in far better place than it was only a few months ago. Woukd be good to know what sort of costs are coming from N. Lincs council which may help with potential short term cashflow issues resulting in the progress of Wressle. Personally I'd consider it a prudent management decision to take on debt instead of going down the usual route of issuing more shares. This wouldn't have been possible before but the business case is far stronger with our recent award. Egdons SP will ultimately be held back by the moratorium on fracking, we have 2 potential interesting factors to watch in relation to this. 1 is by what the green brigade call 'fracking by stealth' and 2 the potential trade deal with the US which may just see that moratorium lifted. Either way in the coming few months we'll start to see more activity and ultimately Wressle will put Egdon into the black but we need other assets to come through for us to see any meaningful rise.
You do talk a lot of baloney sometimes GG. Everything is relative, Egdon could have easily not found a partner for this site and would have lost the whole thing. Your 7.5% figure might as well be 1% or 25%.
Egdon was exceptionally unfortunate to be at the mercy of Labour concilors at N. Lincs and then face the fracking moratorium.
Wressle is now going ahead and has secured the future of this company without the need for constant capital raising via placings.
The moratorium will eventually be lifted with the realisation of what Brexit means for the UK. Business will now be far stronger and have a far greater say than when we were stuck in the EU.
Was wondering what was holding the SP back and now see that trade at 4.55p 45k!
Things are definitely looking up for Egdon now and 4years later than needed to be.
You haven't understood what I've written and tbh I cant be bothered explaining.
Ah jeez this share has basically told the story of the pitiful situation the UK finds itself in. This country is quickly going down the tubes due to years of weak government whom haven't made the decisions on topics that they know will upset a few people and risk their personal reputation. First thing is we need to boot Corbyn and his left wing nonsense out of the park for good, a decent sized Con majority hopefully with less Lib Dem style infiltration within the party will be a plus. The issue of energy isn't going away anytime soon. Boris gets in Wressle will be a goer.
Build up to a positive Wressle decision.
Schoolboy error on Egdons part. To play the stockmarket game you don't put out valid expectations and then just hit those targets as the market will penalise you. They should've underestimated target originally and then exceeded then we'd have seen a bounce.
It's got a very high chance of going through, the arguments by the councilors last time were so bad they had to make up a valid reason for refusal as the process went along. That being said, Egdon did make a couple of stupid errors which let the ultimate refusal stand during appeal. Those mistakes have since been rectified and therefore on a technical level the application should go through. The councilors generally introduce a juvenile feel to the process which is to appease the small band of protestors that turn up at these hearings, at least we can be spared that this time around. I foresee 10p being back on the cards. Egdon is a great share to hold if our government would find a pair and take our energy crisis seriously.
Councilor Mick Grant (Labour) is on record saying, apparently Egdon are costing small shareholders cash, actually it is the sheer incompetence of very poor quality councilors that have led single handildy to the demise of this company. Wressle has cost a fortune in professional fees and time delays. The planning laws for onshore O&G have been written by someone with the world experience of an extinction rebellion lo*nball. Natural gas is the far least of their worries but the UK is a soft target for them to get their moment of good feel factor. The minimum the government can do is give planning officers entire control over the very subject they studied at uni. If the councilors don't like the decision they can appeal, but if they lose all costs awarded including time delay to the applicant. A well conceived half-way house.
There won't be a placing on approval. Plenty of cash in bank to enable things to progress. The company will turn a profit in 2020.
Just be some profit taking from Friday. But things are finally looking up for EDR. Leadsom in, and Wressle looking even closer to going through. All completely unnecessary delays.
I'd imagine the rise is to do with Leadsom being put into Biz role, she is a fracking supporter.
GG. Egdon burnt through a lot of cash last time at the Wressle hearings which amounted to zilch. They are not far off breaking even although the numbers are very small. Wressle is ready to rock and roll once get the go ahead and will put this company in profit so no need for anymore placings. The move by the government to step in on the planning issues with Ineos and iGas yesterday was very interesting.
Poland is churning out toxic emissions from coal on a massive scale so probably not good example. If the UK can generate fuel from its own resources then it should 100% do it. Energy security is a far larger issue than the greenies will ever understand.
It's been bit of a mission. It all went wrong when TM lost her majority and tbh she was never interested in shale gas anyway. This country is going to tank massively due to inaction at the top. I'm confident in Wressle and I think we'll see a swing to more pro biz attitude soon and maybe even a pick up in shale activity again. But yes the SP is ridiculously cheap at moment.