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Looking decent for an attack of 7p

Mergers and Acquisitions caught my eye. I've been told thats why they are involved. To do a deal and ADME now have £1.3m to spend which is a decent wack for a company with such a small mcap. Big things coming here

Spot on. The shrewd will be picking up shares under the 7p placing. Massive opportunity going forward

Can't buy anything. Bid is premium and in size. Really think we could pop over 7p today

Yes this isn't working capital. They have like £1.3m cash in bank now. Specifically for an investment or 2. I wonder if they will increase their stake in AJE. That would be fantastic news given the costs have been massively reduced and it will be profitable in the near term.

Book looks really strong. Looks like about to tick up

Shareprice now underpinned at 7p. So can't see anyone interesting in selling sub 7p. Looks like company now have over £1m cash in bank, and would expect them to make an investment shortly.

Also very intriguing that a Swiss Bank Zark are in for nearly 10% of little old ADME.

Its actually nearer 45p

The whole point of a pilot well is that it is exploratory and designed to help optimise the location for the horizontal well - so large amounts of money isn’t wasted on drilling one of those in the wrong location. This result doesn’t mean the oil is no longer there!

Crazy that its down at 33p. Its a setback not game over. 2 more fully funded wells to come. Should have maybe dropped to 40p/45p. This is a huge over reaction which in turn creates a huge opportunity for us all

Hopefully everyone has read the RNS properly now and stopped panic selling at 30p. Expect this to settle back at 40p ish next few days. Spud next week

Rumours of premium placing i've heard, with a big strategic investor coming on board. Expect we will find out soon.

I sense a real turnaround here, esp after Peel Hunt increasing their stake. Don't often see Market Makers carrying such a large bias on a stock, but its usually a good sign if they do

Yes PEEL still have a large amount of stock at 10p from the Sheikh that they took. So given they've probably bought a few in the 6p-8p region as well i reckon they probably have a 9p ish average.

Either way its pretty clear the bottom looks to be in. Few rumours circulating about strategic investor getting involved at premium. We will have to see but feel like tide is turning here. Won't take much to push us back above 10p in the short term

Looks like Peel Hunt know something. As usual us pi's will find out last but i have to say the price action looks good.

Think there is a high probability we see 10p+ again shortly. Bottom is firmly in

This is just another piece of fantastic news that adds to the strong buy case. Past couple months if you read the RNSs you can see what Chris is building here. This is a serious company. Will be cashflow positive in October and what tech based company on small cap market can you say that about. This is probably heading back to 10p in the short term.

Looks to me like we have a few buyers around. Pause for breath past few trading days after a run from 3.5p to 4.5p. Now i expect breakout and quick move to 6p

Someone paid 1.78p for a small amount. I can see the ask just keep rising on small volume for now.

And can't get a quote to buy anything at the ASK. Looks like could tick up again imminently

Seems to be a distinct lack of stock around. Tiny amounts available on the ASK. Maybe we will see 2p by the end of the week?

Think thats fantastic timing. Would expect them to start announcing some further gold grades soon. Maybe even resource upgrade. Either way mcap is way too cheap here. Stock looks fairly illiquid so small buys could send this up exponentially