The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
looking like marked down to 130's , they looked short yesterday but clearly this will spook some and trigger stops. A week or so from result of current drill. MM's employing a strong game plan, buyers at the ready.
put through NEX
the late reported 10 mill sell this morning enabled the drop, good recovery and so much more to come from RBD. The twist and turns will continue given the rise from over past few months. Seems a safe hold to me with all news to come.
Nice to see a company make a stance against the dark arts of MW et al, this could get somewhat interesting.
Sound and reasoned rebuttal from BUR today. Credibility is paramount in such investing situations. 'Muddy waters' draw your own conclusions on their business case , not something that appeals to me. Going forward this stock should move comfortably back to early teens.
sell for me. anyways it is history.
'The Company has spent approximately £580,000 on the Proposed Acquisition, of which a majority is estimated to relate to the process of a reverse takeover, which would have been required as set out above. These costs in particular would be of no use to any other party.'
David Sefton and James Berwick, directors of AAOG, proposed to the board of the Company that they should incorporate a special purpose vehicle ("the SPV") to move forward with the Proposed Acquisition at their own cost. The directors recognised that it would not be appropriate for David Sefton and James Berwick to participate in the board's decision to approve this. The independent directors approved the pursuit of the Proposed Acquisition by the SPV on the basis that the board saw an opportunity to recoup some of the costs incurred in pursuing the Proposed Acquisition and to continue to monitor the asset.
It was therefore agreed at a board meeting on 5 March 2019 that any costs which the Company had incurred in relation to the Potential Acquisition prior to the beginning of March would be reimbursed by the SPV in due course if the Proposed Acquisition completed. It was also agreed that management would present to the board any opportunities for cost-sharing between AAOG and the SPV. No legally binding agreement has been entered into between AAOG and the SPV in this regard and as such there is no guarantee that the Company will be reimbursed at all by the SPV or any other party, even if the SPV completes the Proposed Acquisition, and there will be no legal remedy for AAOG.'
People can draw their own conclusions from this narrative.
Disappointing seems GR watchword. This paragraph from his summary sets out what is going t occur
'It is abundantly clear to me today in late June 2019, that reliance exclusively on any event that is not entirely under our control risks further delay and frustration in returning value in our company. There is little doubt in my mind that Premier must diversify and identify revenue generating assets that are actually in production and profitable now.'
He has had enough of RHA etc and wants to go looking for other projects. LOL LOL
Einstein - The definition of insanity is doing the same thing over and over and expecting different results. sounds familiar eh?
This company and GR should be a case study for all AIM investors as to the pitfalls and disingenuous promises proffered by a company that has delivered zilch. A truck load of good investing lessons can be gleaned by following the sorry history of this ramshackle life style company. I first invested in PREM around mid 2014 when there was approaching 500 million shares in issue. Now there is about 8 billion! RHA was on the cusp of mining. The rest is history with ridiculous acquisitions, incessant fund raisings including bucket shop CLN. Time lines missed and promises not delivered. Not been invested in Prem for 3/4 years but what a good grounding this stock provided me for future travails in the aim market. Times change and I think Prem's time is fast coming to an end.
big selling round 1p area, must have orders to fill.
Always get people selling, this was not quite the RNS anticipated - flow rates will hopefully change all that and gas shows at the drill will definitely generate interest. Frustrating hold but it is a hold with so much near term newsflow. Touching distance of a sensible re rate.
Yep still building the foundations of the portfolio, patience is the key with RBD, when all the strands come together, with multiple positives it will move expeditiously. News will be stacking up in coming weeks.
https://twitter.com/EcoAtlantic_OG/status/1119185412868771840
yep nice set of results, revenue slight ahead of forecast and maiden profit after tax. Revenue from Customer brands (manufacturing on behalf of 3rd parties) increased 5% with longer deals agreed. Still 40% capacity available at their plant in Italy for further expansion. Further brand acquisitions being looked at - " We have a number of such opportunities under review and hope to update shareholders about these during 2019."
to see this go into production, looks promising going forward.
like a very sticky placement, shrewd move from TG continuing aligning The Botswana Public Officers Pension Fund with TLOU.
From Rathlin's press release on Monday. Spud news next.
Rathlin Energy (UK) Limited has [today] started the mobilisation of the main drilling rig to the West Newton A site on Fosham Road to drill the West Newton A-2 well. This phase of operations will involve a typical oil and gas well drilling rig ~35 metres in height (pictured below) and associated equipment.
The borehole will be drilled, cased and cemented to a depth of approximately 2,000 metres to evaluate two conventional reservoir formations in the Permian section. Previous data gathered during the drilling of the West Newton A-1 well indicate the potential for gas and oil in these reservoir formations.
The site will be manned at all times by security and drilling personnel.
Once the main drilling operation begins, it will take approximately eight weeks during which time the site will be active for 24-hours a day, seven days a week.
On completion of the main borehole drilling, the well will either be suspended pending further testing or plugged and abandoned if unsuccessful.
The West Newton Community Liaison group, which consists of Rathlin Energy (UK) Limited personnel and representatives from the local community, meet to discuss the company’s operations and any concerns. Notes from these meetings are published on this website in the Yorkshire section.
Well that is the rise done and new drills to look forward to. It was wise to raise given the increase in SP over the recent months. Reasonable small dilution for amount raised and cornerstone investor taking 29.4 % of the new shares. Much to look forward to in coming months.
looks to be updated with some noticeable absents
https://www.proactis.com/uk/investors/