Member Info for ShrewdDude67

Beardozer, AIM is a fools paradise that's for sure. However, Zioc, I think, is very different. We have a global mining and commodities giant at our side, we have a gigantic chinese investment, development and financing corporation by our other side. We have proven massive, highest quality ore reserves including proven pelletisation success.

I think that qualifies us as "different" to your usual AIM cowboys.

The current share price reflects apprehension over a possible placing coming soon. My view is that a dilutive placing would not be in the interests of the Zioc directors/management. There are many other options open to Zioc for fund raising.

My gut tells me 2020 is going to be Zioc's year.

Brent now nudging 68. That's nearly 15% higher than 12 Dec RNS. That pretty much wipes out Bopd downgrade. Same revenue on lower number of barrels. This hasn't been factored into the sp.

Ok, so what do peeps want?

1) Zen deal
Or
2) Align takeover

My choice is 2. What's yours??

Do you have an agenda @orjones ?? Like others also seem to. Seems people popping up ****ging off Align who want AAOG to submit to Zen.

Dear shareholder

The events of the last 48 hours with the derisory offer from Zenith Energy to AAOG shareholders from Andrea Cattaneo that seems to place a value from what we can see of just 1-1.5p on the stock has galvanised us over this festive period into action.

Andrea Cattaneo is a man that has spent the last 4 years perpetually diluting shareholders in his own company and it beggars belief that Ms Cope should even entertain this proposal. Leaving AAOG shareholders with just 11.2% of the AAOG Congo subsidiary given the sheer magnitude of funds raised and spent this last 12 months is an early April fool’s joke come 3 months early. You should hang your head in shame Ms Cope.

The pathway that all shareholders should be insisting on by Ms Cope is very simple:

Suspension of the so called “ISA” sales of AAOG shares with immediate effect that is only serving to exacerbate the weak negotiating position of the Company ironically through forced selling of AAOG shares into dire sentiment. This is madness in extremis.
Slimming of the BoD down to a de minimis level with Ms Cope and one other NED (Brian Moritz) remaining and the remaining 3 Sefton placements being “retired” from the Board with immediate effect.
The appointment of Alexander MacDonald & Matt Thompson to the BoD with immediate effect to negotiate with SNPC.
Pursuement of the monies owed by ATOG to AAOG with a Statutory Demand served on ATOG if the full sum that has been agreed to be paid is not and explore potential action against Sefton & Berwick should this be warranted.
An independent forensic examination of funds spent under the Sefton & Berwick watch.
Carry out an interim capital raise of upto £1m on less onerous terms than that which ZEN are offering in order to allow for the position in the Congo to be properly explored by MacDonald & Thompson. Such a raising would allow AAOG to negotiate with other potential suitors from a position of relative strength and competency. We can aid in this raising and on terms that are at a premium to the current stock price.
You dear shareholder have the option to bring pressure on Ms Cope to not sell AAOG down the river and into the arms of Mr Cattaneo who has been a monumental failure for shareholders at ZEN – the fabled 1000bopd from 3 years ago that he promised his shareholders still being nowhere near this. To make a difference to the outcome I suggest all shareholders that wish to try and save their company do 3 things:

Email me at Richard.Jennings@alignresearch.co.uk if you support our actions with your contact details and shareholding
Email a copy of this to – Sarah.Cope@aaog.com stating your support for our proposed actions
Should the company proceed ahead with this derisory offer – vote AGAINST it at the forthcoming GM.
R Jennings

@AnneMarieTayl17 is coordinating the shareholder action group. You can contact her on Twitter using the above. Remember, there is strength in numbers. If we all pull together we can achieve the numbers needed.

I've just messaged them via twitter offering my support. We need many more though. So, if you want to stop feeling helpless and cheated, do something about it and use your shareholding (however small it may be) to FIGHT BACK!!!

With enough people, we can make a difference to how this sorry, tawdry saga plays out.

It's time to stop relying on others to do what's right for AAOG, we need to take this fight intonour own hands now.

This whole thing stinks to high heaven.

Berwick and Sefton are utter ****s. And what is Sarah Cope doing to earn her dough? Not a peep out of her.

Criminal.

Come on Dorothy, give us a nice juicy Christmas present.

Used to have her filtered but then unfiltered her and gave her a 2nd chance. However, she's becoming boringly negative in every post so I've had enough and she's filtered for goid now. Bye bye Angela and good riddance!

https://www.hl.co.uk/shares/share-research/201912/petrofac-new-orders-still-light

If there's 1 thing that Tullow has taught me it's to adhere to the 3-day rule. I've followed TLW for a couple of years and got to know it's price action and trading ranges. When it dropped to £1.61 following Nov rns I rubbed my hands and bought in expecting a bounce and a nice 10-20% for my troubles. Didn't happen and continued to drop to low 130's. I was still patient and waiting for the bounce. Lo and behold, a few weeks later and we get Dorothys kitchen sinking. I knew then that the only option was to aggressively average down so bought loads more at 44p. My average now at 90p which I know will be achieved within 1-3 months. On hitting 90p I may well stay in and look for my original 20% before moving on.

This has 150p written all over it by March. More if the news is exemplary from here.

If your underwater (like me), hold your nerve, ignore the noise and you'll be okay.

There is still hope here, but it's faint. If we work from the assumption that their IS oil at commercial levels/grades then it's not beyond the realms of possibility that this can be revived and a new plan put into action.

I mean, who'd have thought Trump would win, who'd have thought Leave would win. Where there's life, there's hope.

There's still life in AAOG but I admit it's fragile.

And yet, here we sit at 8p and falling. I mean wtf! Where are the medium and long term buyers?

And that will quickly get eaten up now with all the hotfooting it to China and back.

There are many different ways of raising cash so a dilutive placing certainly isn't inevitable IMO. And, being Zioc, unlikely. But the company needs to reassure.

I'm tempted to have a punt here but the Tullow bloodbath last week has got me spooked. It shows that a black swan event can happen to ANY ftse company and decimate your portfolio.

Well, I’ve got 150k shares now (bought in 3 or 4 batches over last 3 years) but would like to top out at 200k shares. But I’m reluctant to buy 50k more now until the funding situation is made clear.

I think this is suppressing the price for many. If the company made it clear no dilutive placing, I suspect it would unleash a big wave of buying.

I think the company need to come out and reassure shareholders that the cash situation is under control and that there won’t be a dilutive placing.

Until they do that the price will drift lower and lower because why buy now if you can wait for a placing and get them cheaper still.

Andrew Trahar, over to you fella to calm the nerves.

Brent looking very strong at 66 dollars / WTI almost 61 dollars. This rise alone must offset some of the production guidance reduction in terms of cashflow. Less barrels produced but more cash per barrel.

Extrader, what's your take on the decline in price following the rns? I can't fathom it myself. I'm beginning to wonder if we've all missed something fundamental.