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EDG Edge Res

0.175
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Edge Res Investors - EDG

Edge Res Investors - EDG

Share Name Share Symbol Market Stock Type
Edge Res EDG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.175 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.175 0.175
more quote information »

Top Investor Posts

Top Posts
Posted at 08/3/2016 22:11 by carpadium
Sedar confirmation.

TOR01: 6234251: v3
ALTERNATIVE MONTHLY REPORT
PART 4 OF NATIONAL INSTRUMENT 62-103
1. Name and Address of the eligible institutional investor:
Henderson Global Investors Limited (“HGI”)
201 Bishopgate
London
United Kingdom
EC2M 3AE
2. Name of Reporting Issuer and the designation and number or principal amount of voting or equity securities of the reporting issuer in respect of which the report is being filed and the securityholding percentage of the eligible institutional investor in the class of securities:
On February 22, 2016 HGI sold all of the common shares of Edge Resources Inc. (the “Reporting Issuer”) (being 45,428,438 common shares) held by them to Winterflood Securities Limited. As at February 22, 2016 HGI no longer exercised control or direction over any common shares in the Reporting Issuer.
3. A statement that the eligible institutional investor is eligible to file reports under Part 4 in respect of the Reporting Issuer:
HGI is eligible to file reports under Part 4 of National Instrument 62-103.
DATED this 8th day of March, 2016
Posted at 07/3/2016 12:38 by belgrano2
Barclays do not trade on canadian TSX markets, I hold edge in a market master and isa stocks and shares account.
Just been speaking to interactive investor with a view to transferring my stock to another company (bit cheaper to deal as well), but they only operate on the USA market not the canadian one.
Posted at 04/3/2016 21:04 by carpadium
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.
Posted at 26/2/2016 10:11 by andy
Some refreshingly honest posts on here, good to see.

I'm afraid we have to ask ourselves does the AIM work for long term investors, or stock flippers looking for a quick 5 - 10%?

I think the model is fatally flawed, skewed against private investors, in favour of the city institutions and their well heeled clients.

A long term holder is diluted into oblivion, and the beneficiaries are the people that can forward sell placings, and that is unlikely to change IMO.

And then there's the spread.......
Posted at 25/2/2016 07:14 by jungmana
Ryan - good to see PREM recovering nicely. I added a big about 0.3p there.Mark - The past 3 years been a nightmare for a lot of investors. Good luck to us all here.
Posted at 23/2/2016 12:22 by gerryjames
There's a few called it Wonga....me included.
Posted at 22/2/2016 09:48 by topazfrenzy
These words are alarming: 'Additionally, the Company initially announced in July 2015 that it was in discussion with a new strategic investor group (the "Investor Group") with intentions of funding several acquisitions. The Company has been working with the Investor Group for the last eight months and now believes that, despite the Investor Group continuing to state its intentions to fund the acquisition strategy, further funding from this group is unlikely. The Company is continuing to look at additional sources of capital for growth but the macro economic environment for oil and gas companies remains incredibly challenging and the Company remains dependent on the support of its bankers in order to continue to operate.'

SELL this before it delists, it has millions in debt and will be taken by vultures for peanuts, just like Madagascar Oil. I saw it coming when Brad wrote back to say that they hoped to announce a deal by Christmas, so come a few weeks ago I guessed the whole thing is a bluff and sold all my shares for a 30% loss, which I said on this board.

Get out now is my advice, oil is not going to recover quickly enough to make it come out the other side in my view. Sorry to be so blunt but I find the last paragraph totally shocking.
Posted at 08/2/2016 17:21 by mark10101
A 1m MCAP is making us look like a distressed asset! Anyone spoken to our leader, he is publicly doing nothing to reassure investors just hoping some of the guys in the know are getting better feedback from him?
Posted at 14/1/2016 18:43 by topazfrenzy
Sleveen,

All the sells were mine, I had to sell in chunks as they would not do the trades in one go, so 300,000 in total. My average was only 2p so lost 30%, which is very frustrating but not the end of the world. I may live to regret it but decided to put the money in a share I have great hopes for, we'll see! I did not want to get caught up with the under a penny scenario here.

I wish you all luck but I just cannot see how millions in debt, at fairly elevated interest rates if I remember correctly, can ever be helpful to a company with ever diminishing cash flow. The so called investors would surely just wait till it goes bust before striking surely, but I just don't know!
Posted at 20/11/2015 18:08 by carpadium
Most likely a sell mark, although surprised current price held.

Could we see Q2 results on sedar over weekend? .. failing that another 10 days to release. Let's get these figures behind us and hopefully focus entirely on some big company-changing news that will make shareholders' Christmas and offset the reality of oil investors' truly miserable year to date. EDG started the year at 4p, we stand an excellent chance of still ending the year above that..I'm banking on Brad, not OPEC, to turn things around between now and then. GLA

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