Anglo African Oil & Gas Share Discussion Threads

[338] 07/10/2019 10:20

Don't call anyone idiots until you can earn £100k a year from stock-markets...

Blame yourself if you are a loser 😂

[338] 07/10/2019 07:45

Matunde24,

In it to win it.

Whilst waiting for drilling, you can have a look at TIDE... breaking out above 3p 👍


Crimson Tide plc

Interim results for the six months ended 30 June 2019


Highlights


-- Profit before tax increased by over 2,000% to GBP101k (H1 2018: GBP4k)

[338] 04/10/2019 14:58

Matunde24,

💷 To keep you happy

[apfindley] 04/10/2019 11:30

Rofl.Get out of jail card.... "i said SO FAR"You pizza gorging numpty

[tameimpaler] 04/10/2019 11:03

You would have thought wrong.

[supercity] 04/10/2019 10:58

I would have thought an rns should have been issued by now to say what monies they received from the shares they had to sell in September

[dodge_city] 04/10/2019 10:27

It's death spiral finance in disguise and explains the fall below 5p,

The likes of YA will be making a fortune shorting this. YA are worse than Satan.

[ddonaldson2] 04/10/2019 10:17

And the 5.2p shares further up?

[supercity] 04/10/2019 10:15

The 5.2p sharesFurther down-- The Investors receive their subscriptions monies back from the Company then repay that GBP5,685,212.57 to the Company in 12 monthly instalments subject to adjustments based both on the Company's share price performance and the ability of the Investors to trade in the Ordinary Shares as set out below.

[ddonaldson2] 04/10/2019 10:08

you what supercity?

A placing (the "Placing") of 49,288,347 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") to Miton Asset Management ("Miton") (the "Placing Shares)" at a price of 5.2p per Ordinary Share (the "Issue Price"), a premium of 26.83 % to the prevailing share price on 16 July 2019, raising a total of £2,562,994.04 (the "Placing Proceeds"); and

the entry into an Investor Sharing Agreement (the "ISA") between AAOG, YA II PN, Ltd ("YA II") and Riverfort Global Opportunities PCC Limited ("Riverfort" and, together with YA II, the "Investors") for a subscription of 109,331,011 Ordinary Shares (the "ISA Shares") at the Issue Price for a total commitment of £5,685,212.57 (the "ISA Proceeds").

[supercity] 04/10/2019 10:02

They didn't actually raise funds at 5.2p.They gave the proceeds straight back which in effect is like giving them free shares on the condition they then sold the 109,000,000 to the open market over 12 months and the proceeds back to the company.

[petroleum1] 04/10/2019 09:58

Seagreen
You have done a great job in confusing yourself but please be aware that it is unfair to confuse other people with you.

[swindon41] 04/10/2019 08:47

How come they were able to raise money through a placing at 5.2p? Two guesses ( all imho only) : they, the institutions who took the new shares, had already pre-sold those shares ( or hedged by taking out CFD's) into the market at between 7-10p, and AAOG are not receiving the full 5.2p but a risk-share price based on market value of shares.... had there been a true independent "clean" placing at or near the prevailing share price of 10p then I would be serious about re-investing here as there probably is some value here.
The small pi's nearly always get screwed when there is a cash raise on AIM.
Give the new Chair time to wipe the slate clean and I will revisit in 6 months. I take the risk that the share price may be higher hen but conversely if that's the case AAOG will likely be a different - and better - investing risk if that happens.

[tameimpaler] 04/10/2019 08:28

"NO AGREEMENT HAS/CAN BE REACHED SOME SIX MONTHS LATER AS SIGNIFICANTLY LOWER ECONOMICS THAN 47% HAS BEEN OFFERED SO FAR"

Is that a statement of fact? It's just that it seems to be presented as one.

it's a binary answer - i.e. Yes or No

[seagreen] 04/10/2019 08:28

Sarah Cope needs to get to the bottom of what has been going on hire an independent forensic accountant and clear the air as if they finally find oil if they find a rig she could come out smelling of roses if she worked with the authorities and cleared the air with the nomads and the fca then produced oil ...if they do not run out of money that is

[seagreen] 04/10/2019 08:19

Regal Petroleum was £5 once but the chairman lied that that there was oil in Greece....lot of fund managers got nice range rovers with Regal petroleum emblazoned on it....

escapetohome4 Oct '19 - 09:09 - 3766 of 3770
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How come they managed to raise millions of finance?

[seagreen] 04/10/2019 08:16

Better than your lies Walter Mitty if you go on the FCA (that is a real institution who punish people who ramp and write inaccurate information)reported short-positions daily interest you will note there is no significant short interest in these dares

[apfindley] 04/10/2019 08:12

Desperate load of waffle from Tom as usual.

[escapetohome] 04/10/2019 08:10

Someone likes them , they financed at much higher prices.