Antrim Egy Share Discussion Threads

[hugepants] 18/8/2016 00:05

There has to be at least a chance of a bid here that would return greater than 3p. Listing and tax losses worth a few bob?

[seangwhite] 13/8/2016 01:18

What's the chances of Potter still drawing his hefty wedge in 2017. Greed would be happy to be by his side of course.

[seangwhite] 11/8/2016 09:44

I bet Hedgehog are really happy with this outcome after making such a good bet to follow Messers Potter and Greed!!

[nick rubens] 09/8/2016 11:34

"Would require a significant favourable exchange rate move to be higher."

I was thinking more on the company pricing it's liabilities at the top end for prudence sake.

After holding these for a few years this is the best news we've had so far.

[cyan] 09/8/2016 11:05

Nothing is just about guaranteed. Would require a significant favourable exchange rate move to be higher.

Today 5c in Canadian dollars equates to 2.9p.

This phrase in the extract below should caution;

"...possibly substantially lower, "

..........assuming the Distribution occurs in December 2016 and an exchange rate for the Canadian dollar of US $0.77: Cdn $1.00). If the return of capital of Cdn $0.05 per Common Share is achieved, this will represent a premium of approximately 80% over the three month average daily closing price of the Common Shares on the TSXV.


To the extent that the Corporation's expenses, liabilities and obligations are higher than current estimates,
or if any unforeseen obligations arise, if the Dissolution is delayed, or if the exchange rate of the U.S.
Dollar versus the Canadian Dollar changes unexpectedly, the actual amount distributed to Shareholders may be
lower, and possibly substantially lower, than the anticipated net asset value per Common Share based on the above figures.

[nick rubens] 09/8/2016 10:42

around 3p cash is just about guaranteed, if not higher and a possible higher value offer before dissolution?

Worth holding to it's climax IMO. Why sell for less?

[fsawatcher] 09/8/2016 08:55

this stock delist in sept

some leverage folk ave to sell now coz they can't carry cash value to dec

lotta reason why some peeps sell but once sellin done and stock get near sept delist, market then take price up to near 2.7p+

someone in canada reckon payout could be 3.3p

management have duty to have been cautious with 3p estimate rather than ambitious

[resourceful] 08/8/2016 09:20

the market does not believe them

[seangwhite] 08/8/2016 08:11

Let's face it Potter and Greed will not change the way they act now as it is their last chance to grab what they can for themselves. Their career prospects are not exactly very bright.VGLTA

[wskill] 07/8/2016 17:04

The Canadian crooks will leave nothing for share holders .

[hugepants] 07/8/2016 16:50

The windup costs look a bit on the high side. Looks to be about $800,000 if you look at the admin costs for the first quarter and project forward to December which is the month they imply shareholders get their funds. Its possible they have erred on the side of caution on the predicted return to shareholders. Either that or there is some hefty payoffs to the directors/employees.

[seangwhite] 06/8/2016 20:02

Administration would be a safer route for shareholders as Greed and Potter have always looked after themselves hence we are where we are.VGLTA

[gbill11] 05/8/2016 11:26

You cannot hold these in an ISA once delisted so some will be forced sellers

[fsawatcher] 05/8/2016 08:00

kosmos look to have paid about $15million for the 3D seismics

antrim must be able to sell that 3d data for $2mil easy?

that another 1p per share

what's to stop management selling the data after company wound up?

they must have copies

i reckon shareholders would be better off getting in administrator as management are just self serving bar stewards

[ohisay] 05/8/2016 03:02

Apparently they cant sell the offshore Ireland acreage owing to 'divergent views between buyers and sellers' and think that now is the time to call it a day.

Odd statement (in the context of winding up the company for a cash only return) - it should be worth something as long as they still have the license - even the Kosmos 3D must be worth a few quid.
Why doesn't the seller just reset their view.?

Or is there a problem with the relicense of Skellig.?

Share Prophets site saying it was Chrisoil in a masterly bit of timing who sold out the other day.

[seangwhite] 04/8/2016 21:07

Potter and Greed have done a sterling job of managing the shareholders interests in the last few years. They deserve a really decent bonus for all the hard work.Let's hope they do as well in their next careers!

[apfindley] 04/8/2016 15:56

Decent movement today.Also take a look at GWMO its about to multibag, and drilling of its huge copper-gold asset has started. Awaiting rns.Multibagger, get in ahead of the crowds.

[fsawatcher] 04/8/2016 15:22

tradin well in canada

Antrim Energy TSXV:AEN TSX Venture Exchange

up 33.3% 0.04 0.035 0.04

5,352,400 traded

still a cent shy of 5.

[hugepants] 04/8/2016 14:59

Surprised the shares have not moved a bit closer to the estimated liguidation value of 2.88p. The shares are currently 2.3p to buy. That implies a 25% return in 4 months!

I suppose quite a few people bought at around 1.5p recently and are grabbing a 50% profit.

[fsawatcher] 04/8/2016 12:36

lemon93898

filtered

Avanti are bust - avoid like plague

[seangwhite] 04/8/2016 12:05

Sound is now 55p so Potter was right to tell them to get lost as he has done so well with AEY since then!

[enfranglais] 04/8/2016 11:25

Would not be a surprise if EOG had ran the slide rule over AEY for an all share offer at about the 3p a share thet are proposing to return to shareholders, as that would give AEY shareholders the chance of benefitting from the licences & tax write off's & it would give EOG access to all that cash just sitting there?!!
However, it might just be that someone wanting a dual listing (costly to set up), would pay a bit more?
Sitting tight with both my EOG & AEY shares & want over 15p for EOG & 4p for AEY!!
If you read this Bonks - hi & well done m8!!