Edge Res Share Discussion Threads

[andy] 06/3/2016 13:08

sharetips6 4 Mar'16 - 08:49 - 3702 of 3720 5 0

Another outstanding call from topinfo on twitter and he has over 1600 people
follow him !

scary !


---

Very scary indeed!

Some people just want someone to lead them by the hand!

[mark10101] 05/3/2016 22:22

Jumbone it came accross as a genuine post but good to see verification.

At current MCAP the current equity is essential valued at zero, there are lots of scenarios that can change that, let's hope one of them pops up.

[jumbone] 05/3/2016 21:21

mark10101:

Very interesting post indeed

Thanks for re-posting it.

Just checked up on what was posted by "WiseCrow"

Last trade was at 1:02 Canada Time. As posted by him/her



Order Book with 25 orders on Bid and 33 orders on Ask are also accurate.



May be we are in for a big surprise Monday

[mark10101] 05/3/2016 21:00

Interesting post on LSE

Are we in for a big surprise here on Monday ???

Most probably!!!

No my order for 500,000 shares at 0.006 CAD was not filled till closing bell in TSX

Cannot understand why despite 25 orders on the bid of over 4.1 mill shares priced at 0.005 -- 0.005 CAD no one wanted to sell 500,000 shares at the ask of 0.006 CAD = 0.316 GB pence

In fact not a single trade took place yesterday after 13:02 EST

There seems to be a "Mexican stand-off" in EDE shares in TSX

There can only be 3 reasons why there were no trades after 1.02 EST of EDE in TSX

1. The trading closed at 1.02 EST >> That was not the case, It was a normal trading day

2. There were no buy orders >> That was not the case either >> There was at least ONE buy order for 500K shares at above the Book Bid of 0.005 CAD

3. Out of the 4.5 mill plus shares on the ask side, not even one of the 33 people at asks of 0.01 -- 0.03 were willing to sell at 0.006 CAD >> This seems the ONLY logical reason why my order was rejected.

So we have a scenario where no one will sell below 0.01 CAD

0.01 CAD is equal to 0.53 GB pence

We closed on Friday at 0.225 GB pence Mid price

Though there was an after the bell late reported buy at 0.27 GB pence here in the UK

So you decide what will happen on open Monday

[carpadium] 04/3/2016 22:20

GL Mark, we're both looking for a price so far north of here it's no longer visible from space, but just maybe...! It's in the mythical drawer for a couple of years together with another one I hold on TSX-V, TXP. Keep an eye on exchange rate,

[mark10101] 04/3/2016 21:44

Thanks Carpadium, a reasuring email and the way I have been looking at things today. I have ridden the oil wave up then down to the bottom let's hope the trip up again is rewarding. Oil at $36 is starting to look good compared to what we have been through. I will quite happy to follow EDG to TSX as it will broaden my investment horizons. Never held outside of LSE so may lead to other horizons if I am brave enough to to try and build a portfolio again. May just buy Berkshire Hathaway's, keep life simple and away from checking the ticker....

[carpadium] 04/3/2016 21:04

During the 2 years invested in Edge I've found Brad never slow to respond and never less than honest in his replies.

To my question 'what would you expect the annual saving to be by de-listing from AIM' Brad replied as follows. Normally I would consider it unethical to copy his reply word for word but, for UK investors, today's news is transformative and what he says may help some to make a decision.

Hi xxxxxx,

A year ago, the AIM fees were not overly burdensome; however, with the Canadian dollar plummeting and UK fees increasing (along with AIM becoming a more taxing and non-commercially-minded regulator), we went from a nominal CDN$50k/year to now approx. CDN$150k/year, which is an order of magnitude greater than the fees in Canada – literally 10x greater in the UK.

It’s one of the hardest decisions I’ve had to make in this environment of hard decisions. I’m completely aware of the huge support we have in the UK and I’m sure many will take this as a slap in the face. I do hope that some will see it less emotionally as a way to cut out a major cost and try to ensure there is a light at the end of this long, dark tunnel. A bigger slap in the face would have been an announcement that Edge is bankrupt or in receivership or something else equally terminal, for example.

Thanks for the note, xxxxxx. We’ll fight our way through this…

Brad

Each to their own but I'm transferring my shares and and reasonably confident
it may prove the right decision in the long term.

[killerwolf] 04/3/2016 17:01

i have some shares held in iii, how can i transfer these?

[jungmana] 04/3/2016 13:31

Mark - thats my thinking too. Good luck to us all

[mark10101] 04/3/2016 11:32

Jungmana, I am with you, the more I think about this the better I feel it is for EDG holders. I am not recommending anyone back up the truck but the move to TSX could be just what we needed. We know that there is no money swishing around London for oil stocks. Brad does not want to dilute at this level as it would be futile. Holding dual listing is an unecessary expense so although currently the trading volume is higher here in the UK when listed on the TSX the volume will increase there, certainly if accompanied by news. Brad is far more likely to pull off finacing in Canada than the UK so it is a logical step, the current situation for EDG was gridlock and collapsing share price. When we have been through this event it will likely to be the catalyst for the turn around we have all been waiting for.

[mark10101] 04/3/2016 10:26

Adverse I also added yesterday convinced that I was wrong and Brad was finally going to surprise the market with a possitive move. I did not add much yesterday but I would rather have not have given the news today.

Having said that I will be holding to see how the TSX listing goes, I think there is potential once we are there that EDG will make a turn around. As someone said earlier delisting from AIM may have been a condition of a new financial backer. I have never traded on TSX before but I have spoken to Barclays and in the size of trade I'll be doing there will only be a £12 trade fee and 1.5% currency fee, seems very reasonable to me.

[jungmana] 04/3/2016 10:16

Adverse - this is only delisting on aim to save money. If you are familiar with TSX then is not an issue.

[gpback] 04/3/2016 10:11

Edge Resources (LON :EDG -CVE:EDE – C$0.01)
Necessary:

[adverse] 04/3/2016 10:11

mark10101 25 Feb'16 - 08:08 - 3656 of 3707 1 0

.... Hope your trade goes well, I wake each morning expecting delisting but the trades keep coming in and this genuinely does look like just the major shareholder offloading. MM don't get involved for long if they suspect imminent suspension, a game of musical chairs they don't like playing....




Sorry, Jungmana, even die-hard holders were expecting delisting.

[jungmana] 04/3/2016 09:48

Contact your broker. You will fill a form for the transfer and will be done.

[billyrayvalentine] 04/3/2016 09:46

How one transfers AIM shares into TSX, for example holding them in TD trading account, tia?!

[jungmana] 04/3/2016 09:36

If they did, they wont be punting on aim.

[gerryjames] 04/3/2016 09:34

lol @ 3703 I think you'll find most saw it coming.

[jungmana] 04/3/2016 08:59

Stephanie - did you see an aim delisting coming?I already trade in canada and Australia and so do quiet a few punters on the market. So as i said will transfer my holding to TSX. My avearge is about 0.3p now so am not worried.Gla

[sharetips6] 04/3/2016 08:49

Another outstanding call from topinfo on twitter and he has over 1600 people
follow him !

scary !

[stephanie_m] 04/3/2016 08:47

Jungmana 3 Mar'16 - 14:47 - 3673 of 3700 0 0

Mark - if i was in caza i would take my money and run.
Imo EDG and Trin are the junior oilers to be in right now.

...........................

OH DEAR!

EDG down 63% and to be delisted from AIM.

Extremely bad call Jungmana.

No point to trying to put a spin on it by saying buy at 63% lower than yesterday and have shares traded in Canada.

[petewy] 04/3/2016 08:38

If the Yanks had started a war with the Saudis and taken over their oilfields, and put a proper oil price in force ($60+) then we wouldn't be in this mess!!!
(Guess who lost money.)

[mark10101] 04/3/2016 08:32

No they will just be transfered out of your ISA you loose no shares in the process.

[newforestlad] 04/3/2016 08:25

From my understanding, if you hold in an isa account or sipp they're not transferable. If so many will lose and be forced to take today's or an even worse price.

[jungmana] 04/3/2016 08:24

Adverse - thats why was trading at 0.5p and not 5p.. lets see see what happens in canada in next 12 months.Gla