Anglo African Oil & Gas Share Discussion Threads

[guyswonga74] 16/9/2017 09:35

Expensive lesson learnt here. BoD are not aligned with pi's interests. Great for those looking to buy in at mid teens though

[the brex pistols] 15/9/2017 20:47

What's the market cap now?

What are you expecting in 12 months?

[phoebusav] 15/9/2017 19:53

The current net asset position is £6M+ so for an EV a little over £5M you are getting modest production with workover upside plus exposure to a 36.5 MMBOE P50 net recoverable drill with up to 60% COS and near immediate production hookup, which if successful should launch the share price into the stratosphere. I'm not surprised folks are interested in talking it down to accumulate. If you want to talk of overvaluation you'd be better off looking at a whole host of other stocks where the 'overvaluation' is in a whole different galaxy. How about SOU? £375M market cap yet only 9% backed by net current assets with only £378,000 revenue in six months, the same amount AAOG will make in 12 months with its £11M market cap before workover upgrades. And SOU has £18M in debt too. How about JOG? No drilling due, no production and lucky if they have more than £1M in net current assets, yet market cap was around 80% of AAOG yesterday. AAOG has huge upside, limited down side, a great opportunity. The curent market cap is frankly pis all for what's on offer and to say otherwise is laughable or just plain BS and folks know it.

[money4me] 15/9/2017 19:48

nicely back at pre hype level. its a buy

[cashandcard] 15/9/2017 19:24

Nesty,

If the rolls needed some work doing, you'll no doubt have to wait until you can take it for a spin.



Cash

[nesty1760] 15/9/2017 17:22

It's no good having a Rolls Royce. If the person in charge of driving it is useless.

[cashandcard] 15/9/2017 15:14

Zengas,

Well said, that too.


Cash

[zengas] 15/9/2017 15:12

plus infrastructure and immediate sales route to market.

[cashandcard] 15/9/2017 14:54

Donald Tramp,


Include the cash, the reserve base (albeit tiny) plus a risked value for prospective resources in drill targets etc. I think you'll find far greater value discrepancies amongst UK weald basin explorers than you will here.


Cash

[ileeman] 15/9/2017 14:52

They got £5mil-£6million cash max.

[novicetrade68] 15/9/2017 14:49

Well, it's not the really the bottom line is it, as you conveniently left out appr. £9m of cash.

[donald tramp] 15/9/2017 14:41

Yep this will just drift and drift and drift, still has an £11m m/cap for 48bopd production, that's the bottom line.

[nesty1760] 15/9/2017 14:17

Look at the photo on this page. All smiles I bet they are. Not affected with their increased wages.

hxxps://www.aaog.co/about

[timw3] 15/9/2017 14:08

exactly nesty.. dead money here over the coming months

[nesty1760] 15/9/2017 13:47

Looks like 17 just fallen. Next be 16 and then to 14. I don't do money drip, dripping away. I prefer to be in active shares with catalyst incoming.

[purple11] 15/9/2017 13:46

Buffy The Clown

watch and learn....

[purple11] 15/9/2017 13:45

goto make sure its well and good dead.

[purple11] 15/9/2017 13:45

Like I always said.and can be quoted.

15 is where The Master loads:)

o yes

16.75-

[timw3] 15/9/2017 13:15

i sold yesterday .. luckily nearly made back the loss here from yesterday elsewehere