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Would be good to get an holdings announcement, but i don't think they'll do it until they stop buying, they'd be daft to say 5% 6% 8% etc right up until 29% ... can someone please post the majority shareholders list off the top of their heads?
There is no need to lie or ramp here because the facts are in, somebody wants to buy EMH, they will not be the only ones.
The sp is now underpinned by that offer @ 15.5, it clearly is nowhere near enough now all the red tape is in place.
If this is the largest mine for lithium better offers will come from the big guns.
They've just give it away with that last movement.
They've not upped the sell, there's a definite buy order to be filled, don't give them up and they will have to move the sp.
With those last few trades i think there's a buy order firmly in, they've been told no for the offer @ 15.5p so it only makes sense for them to start buying all they can until they reach 29%.
The biggest news they could announce for me would be the departure of Duckworth, I'd be allover this like a rash if that happened or they could force him into the background.
Blue you can't have around the 27th/26th March aprox £28,000's worth of big trades doing absolutely nothing to the sp, then today approx £12,000 buys doing 44% without something being artificial and wrong.
I note Zak Mirs been up to his usual on twitter and then the £500/£1000 twitter herd bailing him following him like lemmings, those big buys on 26th March could well be his and now reaping an handsome profit, top slicing and now riding free. No good news will be released by the company into these bad weeks/troubled times ahead whilst all this gloom is around, why should they ? For what ? For the news to get sold into.
Mark my words, people are now trapped for the forseeable and i guarantee a drop.
Yes Blue i think you're right mm's are trapping people here and offloading, the volume bought in real money does not warrant a 44% hike, beware.
There is an obvious reason you can't sell.
Guys the talk on here in the run up to the AGM has and still is pure comedy, if you go and read 99.99% of every other companies RNS release after their own AGM all you will see is.....' All resolutions passed '
We are still only two months old and have appointed it seems just the right man for the region with what looks like a fantastic background in the oil industry, throw in his contacts with the Nigerian government and i'd suggest all is going rather quite well for the time being. There also seems to be a block buyer in the background.
Remember two months, but checking in here every minute of everyday I have to agree must seem like 12 .
You need to read Canon's posts (there are clues in there) and pluck up the balls to ring the company if you have concerns, you are after all an investor in the business and have every right to ask to speak to someone, it can be hard work but pester the brokers and demand someone calls you back, Canon spoke at great length to Carter and was surprised at what he got told and i confirmed it, as we speak things are happening in the background and i'm sure Canon will come on here and post what he can but in trust, you have to read between the lines or we will get nothing the next time we call.
Guys i'm just going to throw this out, Market makers are obviously out to make as much money as they can, now i know for a fact that they manipulate sp's for their own good.
Now say for instance they think something good of a company and in time think it will do well, they damn well know that investors panic on tree shakes and quietness from a company, ADME have nothing to release at present ( they are only a couple of weeks in) ...So, market makers think 'right when they do release some news it will probably be positive, so where do we want to be when this news lands'
So market makers now have shares to sell that they raped from people on any good news that lands, ask yourself from what the Sheikh has stated what news could land because i'm expecting positive news on lots of fronts, but i'm not expecting it in two weeks.
Oh and btw, read that quick and copy n paste for others because i guarantee he will get onto admin to get the post removed.
Guys someone mentioned Jaknife here, i know him personally he is a very very bitter ex investor of AIM shares who lost an absolute fortune over the space of about 7 years from 2006 after reading the Naked Trader book, he has multiple alias on advfn and is Dan Brown and Duster here,he was left over 400k when his father died and subsequently lost the lot after packing in his job, so please pay no attention.
Yes I did call the company and it took quite an age to finally get through to R.Carter, I know for a fact that Canon had a more detailed conversation with Carter and has put on here what he could, they are definitely getting new brokers and whilst i don't normally like to count my chickens they are headhunting a high profile name, I haven't a clue who but they hinted 'think big', I have no reason to doubt them unless he is a good liar, yes i was concerned but i came off the call more reassured.
I hold and yesterdays rapid movement and the constant wide spread shows what can happen either way.
Guys i'm still going through the results rns, it is a very honest rns of where we are atm and where we are heading, please don't feel the need to ramp this anyone, have patience i'll come back later after reading thoroughly, but at first glance there's a lot in here that's excellent news going forward.
I intend to try and speak to the company today and will post.
I think my head would be turned if a Sheikh came headhunting me.
I also see on that website of his that a couple here directed me to that when you click on some older news he's been quite busy country hopping with meetings with people in power taking place all over Asia Africa etc in the months prior to taking over MXO.
And from the same page, i'd say we've got quite a keen energetic young Prince on our hands, maybe father said 'here you have your own plaything'
May 6th, 2019
Baku, Azerbaijan
His Highness Sheikh Ahmed Dalmook Al Maktoum met His Excellency Parviz Shahbazov, Minister of Energy of Azerbaijan Republic to discuss various investment opportunities in energy sector, especially pertaining to re-powering and developing new power projects
Thankyou both yes i've found and read it now, building relations with and in China not a bad thing in these times, quite encouraging 10 days in and like he said, not just sitting on his very wealthy hands.
Have you got a link for that please GT i can't seem to find it on the ADMenergy website?
1. We have a Sheikh as President.
2. First news i think we'll get---- He is going to be appointing his choice of Director onto the board---This i feel could happen quickly and before anything else.
3. Possibly news of a buyer from the last few days.
4. Headhunting personnel.
5. Portfolio building.
6. Infrastructure projects...
7. Sheikh Ahmed insisted the decision to take a 29.86% equity share in MX — a partner in the producing Aje field off Nigeria — was his first investment in a public company and that he "currently has no intention to invest in another". "I will certainly be taking on a very active role within the business. It may take another month but I intend to join the board as an active chairman because I have a desire to personally steer the business,"
8. With MX Oil, Sheikh Ahmed said his role will be “to focus on business development and on growing value, building on his relationships with the many heads of state who are keen to work with us to help them develop their natural resources.”
9. Sheikh Ahmed said he will “look at production and near-production assets, but we are not afraid of exploration as long as the portfolio is balanced”. “We won’t sit on our hands as a single-asset company but will rather go after company-making projects, add value and get them into production — we will do our technical work before taking on any project.
-------------------------etc etc etc
Ok just a small example of things to look forward to in the future, anything anybody want to add? And is that too negative for some of the traders here.
Have patience boys we could well be a global oiler with 50m shares in issue.
A touch of welcome blue, If it could hold till the end of the day will be very positive and a sign of a turning point.
You're right i have absolutely no idea when news will come, but i'm not so stupid to think that headhunting takes days, or indeed projects as stated in the forward looking statement will take days,these will take weeks, I would welcome any good news atm, but the main oine i'm hoping for is a buyer has taken up all the slack.
I don't particularly like to tell mm's about my holdings on the threads because they have employees reading and gauging them, but i have clearly stated i have bought above these levels and have enough money to comfortably hold for now and the exciting ride ahead.
Follow Buffets advice and have patience.