Member Info for smidsy

It could be land he is after but we have very high proven reserves and more land at this stage may not be important(IMHO) He could be after additional drilling equipment to obtain more oil As I say if gives one food for thought.

Has Brad got his eyes on a company he may be thinking of acquiring. Why does he mention acquisitions for the first time since taking over as CEO? Will the next RNS include details of an acquisition? It does give you food for thought.

Edge Resources Mulls Acquisitions Jul 24 14 Edge Resources Inc. (TSXV:EDE) is seeking acquisitions. Edge Resources has raised CAD 17 million from a new revolving demand loan facility and plans to use part of proceeds for acquisitions too. Brad Nichol, President and Chief Executive Officer of Edge Resources said, "This is a significant development for Edge and vastly improves our financial flexibility. This is a tremendous show of confidence from one of the biggest lenders to Canadian Junior Oil and Gas companies. The new facility also drastically reduces our cost of capital and provides us with a much larger pool of funds with which to fund new projects such as the acceleration of our drilling programme in Eye Hill, infrastructure projects that aim to lower our operating costs and/or short-fuse, opportunistic acquisitions."

http://www.wkrb13.com/markets/341370/edge-resourcess-buy-rating-reaffirmed-at-sanlam-securities-edg/

* Headlines * Business * US News * Health * World * Investing * Technology Edge Resources Given “Speculative Buy” Rating at Beaufort Securities (EDG) July 28th, 2014 - 0 comments - Filed Under - by Kyle Jackson Filed Under: Analyst Articles - UK - Investing Tweet Share on StockTwits Edge Resources Inc logoBeaufort Securities reissued their speculative buy rating on shares of Edge Resources (LON:EDG) in a research report sent to investors on Friday morning. Shares of Edge Resources (LON:EDG) opened at 11.4975 on Friday. Edge Resources has a 1-year low of GBX 5.50 and a 1-year high of GBX 15.97. The stock has a 50-day moving average of GBX 11.77 and a 200-day moving average of GBX 8.64. Several other analysts have also recently commented on the stock. Analysts at Sanlam Securities reiterated a buy rating on shares of Edge Resources in a research note on Thursday. They now have a GBX 14 ($0.24) price target on the stock. Edge Resources Inc (LON:EDG) is a junior oil and gas company. Stay on top of analysts' upgrades and downgrades with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' ratings changes. Register Now. Comment on this Post Click here to cancel reply. Name (required) Mail (will not be published) (required) Website

Thanks for your reply. It doese sound very interestingand from what you say Brads trip to UK does make you think. However I won't push you for more info yet I rsther like living and I want to survive and see Brads next RNS. Lol

Ticked up to 12p and that has just been paid.

It looks like we are at the last chance to get in before 12p

I have been scrolling through last weeks postings and have realised that your post on Wednesday suggested that Brad had been approaching new investors. The RNS on Thursday announced just that, we had new finance facilities. Now the question is 'how the hell did you know what Brad was up to', come on spill the beans, come clean and tell me your secret. I promise I won't tell anyone else. Honest. Your secret is safe with me.

Is showing the Ask @11.25p

Is the name of the game. Hold onto or add more before the next RNS which can only be a Blockbuster. New Bank loan Few shares available Brad's promise of a six Well drill programme before year end Loads of money in the Bank each month Sat on proven shed loads of oil. The reserve figures are HUGE More and more oil as the chokes are released. Does anyone care to add to the list?

The buys have started already and a tick up. Interesting day ahead methinks.

The RNS states that Brad has used $6.3million from his new facilities. Presumably to pay off the last lender. Am I right in thinking this was about $8million. So if this was the case Brad has reduced the original loan by a couple of million $. he must be pumping a considerable amount of oil to reduce the loan by so much.

Ask now at 11.0p we may see a 12.0p day today. Its only 8.20am bring it on.

Youv'e hit the nail right on the head, just a matter of waiting a kittle longer and we are used to that with Brad.

Looks like the RNS has had the right effect, the buying has started and the SP is rising.

Good news regarding the Bank but where is the rest of the news ie drilling programme oil production etc.

You'd better get on the phone and tell them. Lol

ISDX is showing 11.25p ASK

Are the MMs struggling to fill orders and are short of shares? This could be interesting.