Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
That sounds good. But how is it a good sign? I trust because if it was bad they would tell me.
Thanks Jackal. Appreciate the advice.
remain suspended for? Is it 6 months?
Yes but they won't tell me anything.
what is the length of time these jokers can suspend for?
The only reason is i have some shares in 247 but it has been suspended since sept 2nd - over six months now and still no idea when this will be lifted? I just wondered if there is a legal length of time these companies have in AIM. Its like being in limbo.
Suspend for? I assume 6 months from a previous post - is this correct. As i have another 2 companies in suspension since sept. Anyone know about Aim rules?
the better if you ask me until the oil market improves - that way the share price can't go any lower. Im willing to wait as long as there is more of a chance of getting out money back. I understand the frustration though. If we knew it was going to be a month or 3 months we could clock off.
I'm surprised this has had no effect personally. Sometimes wonder how much influence these boards give to the share price and how much of the market actually reads the RNS's.
I can't believe the jumps in share price from 0.11 to an ask of 0.18 in very few trades. When this starts to move its going to move quick. With some positive news these levels will be a thing of the past. I remain positive of a good outcome of this share. I can feel it. So tempted to bring my average down from 0.57. If my other shares were up i would not hesitate on the risk on this one.
Loving this positive RNS and the way it has been addressed that the low price of oil at the moment does not effect the potential of the operation. Good to see something positive.
Where did you get this information from? Does this generally mean people should be selling their stock and running for the hills. Or is this a positive email for shareholders?
And the share does not move up. What is going on? Are they gathering for one big sell every now and again?
Thanks for the advise. Its a tough one i must say. Maybe best to just wait and see then by the looks of this one. I hop this does not get suspended - i already have 2 other shares in suspension at the moment. Aim is full of robbing XXXX's
What is the likely outcome of this mess of a company. Should i average down just before 14th or as close as i can. Or does that mean i could be looking at then being in suspension for over 6 months. I'm averaging 57 at the min which is high. Any opinions welcome.
Is this a figure plucked out of thin air or are you basing your estimation on any real facts?
EGDON RESOURCES PLC ("Egdon" or "the Company") Sale of Licence Interests to UK Oil & Gas Investments PLC Egdon Resources plc (AIM: EDR, "the Company") is pleased to announce that the Company has agreed the sale of its interests in two non-core licences in Southern England to UK Oil & Gas Investments PLC (AIM: UKOG, "UKOG"). Subject to the normal regulatory approvals, UKOG will acquire Egdon's 7.5% interest in licence P.1916 offshore the Isle of Wight and the Company's 10.0% interest in Weald Basin licence PEDL126 each for a nominal consideration, with the effective date of each transaction being 1 January 2015. Commenting on these disposals, Mark Abbott, Managing Director of Egdon said: "We are pleased to have completed the disposal of these two minority interest, non-core assets in line with our stated strategy of concentrating our resources on fewer, higher impact projects." For further information please contact: Egdon Resources plc
Which was your buy? - i only see sells. Those dam MM jokers trying to pull the old wool over our eyes.
Hmmm suspension doesn't really inspire me to average down. It sounds like throwing good money after bad. Unless you think averaging down from 0.57 before a suspension can somehow be a good idea? All opinions welcome.
Thanks for your response. I hope your right. I suppose with the oil price being so low it probably best to be suspended at the moment anyway. Be nice to just have an idea from the company on estimated suspension period. Then people would be a little more settled.