Member Info for Shurething

Lmlom, with respect (as you say) I have been posting messages, and owned these shares, since they were 3 p, so I have done my research. I also took up several thousand pounds more in the open offer in the spring. Presently the main market/s are presently non-grid. You have to bear in mind that there is a buying inertia - these units will not be cheap. They also occupy space and for many (probably the majority) of domestic users in the UK this would be a 'no-no'. These units also appeal to individuals in countries, or regions of countries, that are used to interruptions in supply, such as those prone to load-shedding. I agree, potentially the technology could apply to help solve our power-supply needs, but the main problems in the UK are seasonal storage, rip-off prices and consumer/government ignorance. Few knew, for example, (even in Whitehall/ H of P) that during the gas shortages of the early 2000's, we were just linking up to a single, new, gas field in Norway that can supply all the UK's needs for the next 40 years!! I work in the business!!!

Specialist market! The principal market for the product is where there is no 'mains' electricity, which amounts to perhaps ten thousand properties in the British Isles. Worldwide there are hundreds of millions of properties without electricity, but perhaps only a few tens of millions currently with the funds. But that figure will increase as India, China and so many other countries become more wealthy. Electricity is valued more than domestic water provision - cos the main domestic obsession is THE TELLY, not washing!!

There's the 10%. These will probably rise to 20 p in the next two months. They are a slow riser, and many are holding in anticipation of what is to come - a world-beating product that will revolutionise low-pollution electricity production. DYOR, but in the UK they have has E-ON on board since 2007. They clearly knew they were on to something big, although I would have favoured a smaller, specialist partner who could target the relatively small U.K. demand for this product at the agricultural shows, Game Fair, etc. Then that would connect to the ex-pat 'brigade' in Africa in particular where local electricity provision is a BIG issue/problem. Potentially thousands of customers there - probably several 10's of thousands, mainly farms but also schools, hospitals. Brilliant product!!!

10% up on ASX overnight. These will move the same way today. I agree, people are finally getting excited about these shares and their potential for further gains.

To fill orders.

Buys outstrip sells today. The buys are not showing in the total summary though!

Meeting TODAY to vote on delisting. Corporate Action Notice includes the term that 'The directors intend to use reasonable endeavours to create and maintain a matched bargain facility once the listing becomes effective.' Share price is ticking up.

The other reason for optimism is that African Energy, which ALD JV's with, has risen c. 800% since end December, 400% since February. These are quoted on the Australian stock market. http://uk.finance.yahoo.com/echarts?s=AFR.AX#chart2:symbol=afr.ax;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

I would anticipate a substantial premium when they do relist - at a guess the 5 to 7 p range. This is the real range they were trading in prior to the MM's getting wind of them delisting, and therefore dropping the price down to 1.8 p. In reality they should be above 10 p, because they do sit on an economic Ni deposit and as you say have the funds, and the customer, in place.

The Albidon site suggests some time in October. I wouldn't be surprised if there is a bit of slippage there into early Nov.

DRILLING COMMENCES ON MULTIPLE HIGH PRIORITY TARGETS IN ZAMBIA The Directors of African Energy Resources Limited are pleased to announce that reverse circulation percussion drilling has commenced at the Njame South target in the Chirundu Joint Venture project (Diagram 1). The drilling programme will evaluate a ground radiometric anomaly which was previously drilled and found to contain uranium mineralisation by AGIP in the early 1980’s. African Energy plans to drill approximately 60 holes to depths of 30‐50m on a nominal 100m x 100m grid, suitable for defining an Inferred resource.

Ticked up again in pre-market trading!

Great News - From Albidon website: Upon settlement under the DOCA, control of the company will revert to its board of directors, who will be responsible for attending to all matters necessary for the shares in the company to be re-quoted on the ASX and AIM.

Price 13% up - even with sells outstripping buys. Suggests that there will be future buying pressure.

Thanks - that's why I said it all depends on the investor profile. They have announced that the decline in the wafer recycling market seen in the first half of the year has slowed. Their success therefore (and the real value of the shares) depends on what happens in the next 6 months.

Sorry - thanks for the correction.

It all depends: the rights issue shares begin dealing on Thursday. There is likely to be a surge of sales from small, private investors profit-taking. Larger investors will not be able to sell except i small amounts - they hold too many to do that, so their holdings are illiquid. Most of the price rise today is due to the price having been lowered recently to around the RI price, which often happens. The rise today reflects a small premium on the pre-RI price.

This price cannot be sustained. A rights issue at 2 p and a rise to 8/9 p will I think trigger profit-taking. Nearly bought at 3.5 p today - one that got away!

Stats aren't the only thing that pushes up a share price. I suspect they are correct. Price movements can be driven by broker recommendations, revaluations, all sorts of things.

Hi there again. Yes, things are moving the right way.