African Eagle Share Discussion Threads

[saloba11] 10/6/2014 09:40

Someone just sold £1400, quick everyone get out.......

[saloba11] 10/6/2014 09:34

LOL what they offering you to buy bawhumm?, nice of the mms to offer over the bid for that trade.

[humbugg] 10/6/2014 09:24

another 500k dump. all the pump & dumpers getting out imo

[saloba11] 09/6/2014 17:43

did you do a dummy trade how many can you buy now.

[humbugg] 09/6/2014 17:39

sal,
you never spammed LGO, just this dog with fleas. keep the fantasy to yourself. and another flat day with a few sellers.

[fenseal3] 09/6/2014 13:16

Bid up, 0.283p to sell....next hike coming soon, why would these two guys go through all this trouble to obtain the company and own 100% of it for nothing to happen, next stair level 0.35p.

[saloba11] 09/6/2014 13:11

oh and just for the record did u notice LGO? bought at 0.7p, touched 4p today, oh the joys!!!

[saloba11] 09/6/2014 13:10

Try doing a dummy trade, how many can you buy? can sell my entrire holding for 0.284 but cant buy any without going to auction. wonder why that is hehe

[saloba11] 09/6/2014 13:09

Humbug, im still 14% up here, once i get my 300% rise ill let you know ;)

[comedy] 09/6/2014 13:05

humbugg here looks like stairways to heaven being built

[humbugg] 09/6/2014 08:26

sal,
after spamming this all over ADVFN just over a week ago you had 3 down days, and 2 flat days, leaving you well over 10% in the red. lets see how you fare this week...........

[comedy] 06/6/2014 14:10

anyone going to meeting???

[fenseal3] 06/6/2014 08:13

Nice start to the day paying 0.2936p, is it ready to leave the station 8-)!!

[saloba11] 05/6/2014 17:05

chooo choooo

[fenseal3] 05/6/2014 16:23

Yes very positive today, looks like we could break out to 0.35p soonish, i'm at my station as i type!

[comedy] 05/6/2014 16:12

action stations???

[saloba11] 05/6/2014 15:15

whos Robson?

[saloba11] 05/6/2014 15:09

hxxp://www.thetakeoverpanel.org.uk/the-code/download-code

[stockologist] 05/6/2014 15:01

You seem to be labouring under the misapprehension that the highest share price in the last 12 months determines the takeover price if any. It is actually the highest price paid by the bidder/concert party over the last 12 months I think. I thought they bought in in the 0.10p placing or whatever it was.


saloba11
5 Jun'14 - 14:21 - 8129 of 8130 0 0

Dutwa was sold for 100k plus AFE have a 10% free carry until $20m has been spent. the 10% is cannot be diluted.

I think the worst case scenario here is the new board remain quiet and shareprice doesnt rise beyond 0.5p then either Blackdown or shoreline do a RTO. They only have a matter of weeks to conlcude a deal. The highest 12months closing shareprice is start of July. They may wait until then so that an RTO can be offered at the lowest possible price.

[bam bam rubble] 05/6/2014 14:56

AFE didn't receive any cash income on the sale though. A closer look at the terms
of sale suggest they may have actually paid Mr Clarke to take it off their hands;

"The assets were sold to Nick Clarke through a newly incorporated subsidiary, for
$100,000 cash, to be used to fund costs/expenses of the disposal. For liabilities
other than the sale costs & expenses, AFE's exposure will be limited to $100,000"

i.e. they were sold for nil with Mr Clarke agreeing to fund the costs/expenses of
the sale up to $100k. AFE agreed to cover any additional liabilities up to $100k.

[saloba11] 05/6/2014 14:21

Dutwa was sold for 100k plus AFE have a 10% free carry until $20m has been spent. the 10% is cannot be diluted.

I think the worst case scenario here is the new board remain quiet and shareprice doesnt rise beyond 0.5p then either Blackdown or shoreline do a RTO. They only have a matter of weeks to conlcude a deal. The highest 12months closing shareprice is start of July. They may wait until then so that an RTO can be offered at the lowest possible price.

[bam bam rubble] 05/6/2014 14:08

Doesn't have anything to do with AFE now but this listing looked to have been the intended vehicle before McIntyre & co. offered it to, or were approached by, TRP.

Dutwa was sold to Clarke for £0 so was seen as more of a liability than an asset.

[saloba11] 05/6/2014 13:53

Took his asset there instead of putting it into AFE BAM BAM?

His oil asset has nothing to do with AFE thou, there is however a connection between Nick Clarke and AFE as NC owns 90% of the Duwta project which AFE have a 10% free carry interest.

[bam bam rubble] 05/6/2014 13:41

It wasn't the best news when Julian McIntyre took his oil assets to TRP instead.
As Messrs Clarke and Karim acquired the stock from McIntyre & co. not the company itself, it can't be said for sure that any cash even changed hands for the shares.
There may have been a liability between the parties that was able to be offset by transferring the shares at the 'deemed price' of 0.225p