Member Info for smidsy

Why at this stage have Winterflood taken a position with Edge? What has Brad planned that they are backing? There has to be a perfectly good explanation and one that I feel sure we will be informed about in the not too distant future.

Look at the last sentence. The above-noted factors describe matters and conditions that indicate the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to attain profitable operations, generate sufficient funds to continue its exploration and development activities, to repay its debts as they come due, and continue to obtain sufficient capital from investors or other sources of financing to meet its current and future obligations. Management considers the Company to be a going concern and has prepared the financial statements on a going concern basis.

Is key here. There are hundreds of oilies suffering from the same fate as Edge and the Banks must decide on the individual merit of each company. Reading the Report I get the underlying impression that Brad must be confident that he can survive in the present climate. I won't be selling yet. I have held my shares for several years and added as the SP begged me to buy. (lol) The strongest companies will reap the rewards as and when the oil price recovers. As Jungmana posts it could be as long as another year but my guess is that because a lot of Countries are now hurting it won't be that long.

Thank you

Hi naseer, where are you picking up the info on Edge?

A couple of years ago Edge had several major shareholders who held a significant amount of shares' These were M.Pidherney's Trucking Ltd . 3.3 million Bershaw & Co. 10.5 million Jayvee & Co. 19.5 million CDS & Co. 66.6 million. At that time this only left some 30 odd million. Now I would imagine that the numbers would have changed ( I won't be checking) But if these guys are still in here it gives the MM's a problem. They need to be good at juggling to control the SP.

Something is brewing and we will know in a couple of days.

If the Angels are saying that Edge has a future what will we see in the Interim Report. At least we won't be disappointed. I have already bought more this morning in anticipation that at last we could be on a roll.

According to an update released by analysts at SP Angel the broker has now set a ‘Buy’ rating on shares of Edge Resources (LON:EDG) with a price target of 4.5.

The importance of cost control over the Company's operations, and that the actions taken in advance of what has been a precipitous decline in local oil prices, which has been underlined by the net positive cash flow for the quarter. The management team have demonstrated that they can maintain cost control in difficult circumstances, and we believe that such discipline is what is required to unlock value . Provided any potential transaction costs and structure is completed in a manner that allows for the retention of the maximum amount of cash within the Company, we believe that the current market could provide opportunity to grow. This will be further boosted by the derisking of the future financing risks posed by the shareholder loan, which we have falling due in FY 2017. According to an update released by analysts at SP Angel the broker has now set a ‘Buy’ rating on shares of Edge Resources (LON:EDG) with a price target of 4.5.

SP Angel on Tuesday reiterated Edge Resources’s analyst rating as ‘Buy’ with its price target of 4.5 highlighting a potential increase of OVER 1000% from Edge Resources’s current price of 0.45.

Check out the latest just posted

http://www.bloomberg.com/news/articles/2016-02-23/-liquid-freedom-sails-from-texas-tilting-power-in-global-oil

At the moment I am at a loss to understand the situation with Edge. We have buyers who one might think are throwing their money away and we have the sellers who are throwing money away. I have been in Edge since they joined AIM and did a lot of research at the time. Brad may be the 'quiet man' but over the years he has shown to be a survivor and has laid out his stall to take into effect the situation as he saw it. What no-one foresaw was the crazy way the oil producers have let the price crash. But the recent discussions between the OPEC and others hopefully to get together and put a cap on output just may be an answer. If it comes soon enough we may survive to live another day but I am hoping that Brad will give us some encouraging news with the Interim repprt.

Yesterday..........Buys. 13294663..........Sells. 3999819

This is Henderson selling and he has given notice.

at 12.39pm @ 0.25p' Shouldn't this be declared at it's over 3% of total shares.? Or am I missing something?

1 million at 0.45

I can't understand why people are selling now instead of waiting for the quarterly report due in a week or two when hopefully a more detailed picture will be presented.

did the MM's wait until mid-day before dropping the SP?