Member Info for slowlyslowly

@Jace - someone sold 10m for £2600 at 9.11
@HaveNoClue - dwindling paper profit. Presumably you bought this not because you hoped to take profits between now and an RTO but because of your hopes for an event that is yet to happen. On that scale, the current fluctuations are proportionally tiny and irrelevant.

I think we're managing just fine without.

Even if a majority of votes confirm his reappointment, there will surely be a very significant percentage voting against him. When the RNS comes out summarising the voting figures for each AGM resolution, it stands out if one resolution gets through with a significantly smaller majority. Not always, but sometimes, I've seen companies include a note commenting when that happens.

What I'm trying to say is that the signal is still worth sending even if the signal ends up not being strong enough to make the resolution fall.

I'm not surprised. For anyone who thinks this is a solid long-term play, that simply needs time for the right foundations to be laid, the impatience of others leading to a buy price below 20p is a bargain that's hard to pass by.

West Africa? Offshore?
Let the guys working at Aje know that they're appreciated if you've over that way at all.

afaik the intraday high has been 31.4, which is a 11% gain. How much earlier?

no trade

PSL is Photonstar LED Group, the former name of Bould Opportunities. PSL's trading operations collapsed, so the company was renamed Bould and formally became an AIM cash shell. Photonstar Technology Ltd, the last subsidiary of the PSL Group to go, has since been bought by AG for £1, which leaves the cash shell completely clean.

Which brings today's volume to 25m - more than the whole of yesterday

You were unlucky. Someone just bought 4m at 28.6

Always. Everytime the bid drops, the spread widens so that the dips are never a buying opportunity.

Cheeky limit buy order in place in case I get the chance before it does

but this has been a problem for some time, so the risks are probably already factored into any Gulf of Guinea oil operations and their share prices. https://en.wikipedia.org/wiki/Piracy_in_the_Gulf_of_Guinea

Friday 2nd August, 10am

Yes, the Upstream Article is very encouraging.

As you say, it's about the long-term. But I continue to be amazed at the number of times we've had good news in RNS that you could only dream of, and the share price has drifted down as a result.

SP isn't being manipulated - the price offered to those selling has remained at 20.65, and price to buy at 22.13. There are people trading the 20.65 offer, but they're not moving the price down by doing so. And, yes, that includes someone who sold two shares to buy a bag of crisps. They then realised they were at a motorway service station, and sold 4 more to free up an extra 83p so they could afford said crisps.

https://suite.endole.co.uk/explorer/postcode/g1-5nb

I think some are panicking because there is a delay. But an RTO is a huge piece of corporate law and finance to enact, and that's once the informal negotiations have concluded favourably. It takes time - of course it does.

What we all need to remind ourselves of is that the alternative to delay-without-news is not regular updates, but delay-with-suspension.

The RTO will take the time that the RTO takes. We private investors can't stand at the bar drumming our figures and expect things to go faster as a result.

We could be given updates along the way. But as soon as too much is said, they'd have to suspend the share to conform with AIM Rule 14. We'd then have just as long to wait, but nobody would be able to buy or sell until the admission document is ready.

Fortunately, everything is being handled professionally, so that has not happened. That means the market is open - people can top up, top slice, or sell out if they need the money for something else urgently. Sadly, probably, some are losing faith because of the delay, and selling out unnecessarily. I'd still rather they were free to do that than that everyone loses the right to buy or sell any BOU.

Clean cash shell. One particular individual bought a large number of shares shortly before it became a shell. Previous trading business owned by the company sold off to that individual, to ensure the shell is now clean. An attempt to raise cash with a placing that would dilute existing holders was blocked by shareholders. Instead, the board set up an open offer to give existing holders the chance to maintain their proportional holding. Company is currently seeking an RTO, agnostic as to sector. The major investor has many private businesses - especially focusing on gold mining and renewable energy. But a recent RNS also hinted that health is a possible industry, and so we note that the newest appointed director has many fingers in those pies. The broker held warrants for 3% of the company post RTO that would act as their reward for leading the company to complete one. They've been paid off early by Antos, who now holds those warrants (we don't know what he paid for them), and he can exercise them once an RTO has succeeded. Because the broker has been paid for their services, the interests of major shareholders, PIs, the board and the broker are all aligned. And we wait for news.

From 11th June: "Stefan played a vital role in positioning ADM Energy for future growth and we are pleased he will remain on the Board as long as necessary to ensure a smooth transition to the new management team and Board."