Advance Energy Share Discussion Threads

[honestmarty] 24/1/2022 07:29

PANR

2 wells actively being drilled and tested.

Proven hydrocarbons in place.

Regular updates and results over the next few weeks.

[jungmana] 24/1/2022 07:28

A small bit of hope for those who bet big here and still hold. Seen it with i3e and hope comes to fruition;"Looking ahead, Advance Energy remains funded for the immediate near-term and the team has been working on a pipeline of identified, attractive opportunities. We will now turn our full attention to bringing at least one of these to fruition this year. These are value accretive opportunities and include an opportunity with cash flow, which would be suitable for debt or vendor financing. Our immediate priority will be to significantly reduce costs while we assess the next steps for the growth of the Company."

[supercity] 24/1/2022 07:18

The signs were there all last week the way the price was locking every buyer looking for a bounce in.12m was never going to be commercial.Hopefully an experience like this can make people realize that the twitter gang know no more than anyone else and quite often make bad decisions that many sheep blindly follow.

[jungmana] 24/1/2022 07:17

Where are the folks who were ramping on Friday because clueless 4 man Align gamblers bought in ?

[con90210] 24/1/2022 07:15

This feels a total scam

[ny boy] 24/1/2022 07:14

0.00p Another clown AIM stock

[tazerface] 24/1/2022 07:08

Bingo total destruction at 08:00. Shareholder wipeout coming. Massive discount placing to keep the lights on.

[tazerface] 24/1/2022 06:58

Tick tock. Only a few minutes to total annihilation. UNCOMMERCIAL

[tazerface] 24/1/2022 06:33

Watch for the 07:00 RNS. It's coming UNCOMMERCIAL down rabid dog down

[tazerface] 24/1/2022 06:07

Down rabid dog down.

[terminator101] 24/1/2022 05:36

You could be right about being the biggest car crash, although DMTR and SENS give ADV a good run for their money. This guy nailed it months agohttps://twitter.com/me32063/status/1420303233063395331?s=21

[daar] 24/1/2022 04:49

Effectively a cash shell now with normal company costs..

[lw425] 23/1/2022 23:53

+ normal company costs from 1st november

[lw425] 23/1/2022 23:52

11 Subsequent events

Cash calls from the associate company

On 15 November 2021 and 22 December 2021, the Company received notices of cash calls amounting to $1,681,000 and $1,748,000 respectively from the associate entity Carnarvon Petroleum Timor to provide financing to cover costs relating to the Buffalo-10 well being drilled in the Buffalo field.

[jungmana] 23/1/2022 23:52

Lol! Will be a reminder. Sold 600k at 1.10p on Wednesday after the news. I only invested about 8% of my pot here

[deltalo] 23/1/2022 23:51

I make it higher, ------------------------------------- -------- ---------- --------- ---------- Cash flows from operating activities: Loss before tax (2,506) (2,854) (631) Adjustments for: Share of net loss of associate 149 12 - Share-based payment 788 1,039 240 Change in working capital items: Movement in other receivables 50 (188) 1 Movement in trade and other payables (720) 815 89 ------------------------------------------------- ---------- --------- ---------- Net cash used in operations (2,239) (1,176) (301) ------------------------------------------------- ---------- --------- ---------- Cash flows from investing activities Investment in associate - (20,274) - Purchase of property, plant & equipment (3) - - Net cash flows from investing activities (3) (20,274) - ------------------------------------------------- ---------- --------- ---------- Cash flows from financing activities Proceeds from issue of share capital - 31,589 - Share issue costs - (2,598) - Net cash flows from financing activities - 28,991 - --------------------------------------- -------- ---------- --------- ---------- Net increase in cash and cash equivalents (2,242) 7,541 (301) ------------------------------------------------- ---------- --------- ---------- Effect of exchange rate changes - - - Cash and cash equivalents at beginning of period 8,103 562 562 ------------------------------------------------- ---------- --------- ---------- Cash and cash equivalents at end of period 5,861 8,103 261 ------------------------------------------------- -

[lw425] 23/1/2022 23:49

worth 0.15p a share max, probably less. there may be another final cash call from the operator. we dont know.

[jungmana] 23/1/2022 23:47

I believe is $1.5m at best

[jungmana] 23/1/2022 23:45

Well will leave my last 200k shares here as another reminder.

[deltalo] 23/1/2022 23:45

How much cash does the company hold as of today ?