Edge Res Share Discussion Threads

[jungmana] 24/2/2016 09:12

Andy - been following EDG for 2 years so i have an understanding of the business. Yes there is some debt like many other oilers but today at £0.7m market cap this is way oversold.The only reason imo is under 1p is due to Henderson dumping their holding of 45m (25% of shares in issue).

[andy] 24/2/2016 09:07

jungmana,

"way oversold" on what basis?

[jungmana] 24/2/2016 08:09

Over 50m traded in last two days. Imo henderson selling overhang could be cleared today. Will not be surprised to see this knocking on 1p in a few days as is way oversold.Gla

[gerryjames] 23/2/2016 17:10

Or paves the way for suspension pending financial clarification then the Nomad leaves etc...


Good luck with that. I hope you make some money.

[jungmana] 23/2/2016 15:46

Henderson sold out. The 45m trade matches their holding. Over hang may clear by tomorrow and imo could bounce to 1p.All imho.

[gerryjames] 23/2/2016 12:22

There's a few called it Wonga....me included.

[keya5000] 23/2/2016 12:12

Andy they may be calling Wonga at this rate.

[andy] 23/2/2016 11:56

Not a pretty picture, all revolves around whether the banks will take the hit or keep on pumping in more money to keep thee lights on here in the hope the oil price rises.

I wouldn't bet they could find another lender on the same terms in this market!

[gerryjames] 23/2/2016 11:12

Red Rook, it's not pretty.

Very much over to the banks, they're already in breech of covenant regarding debt ratios to income and have been trying to find another lender on the same terms. Lol They'll decide it's future. Or it's peanuts as someone mentioned, off market. Or one of those benevolent Quaker principled "investors" we meet everyday.

Loans payable 11,044,712 Canadian

They need further monthly borrowings just to keep the lights on.

[mark10101] 23/2/2016 09:06

Well the volume on top of yesterday's looks like the over hange will clear very soon.

[topazfrenzy] 23/2/2016 08:47

I remember 8 million dollars debt at 8% interest but I may be wrong; along those lines red hook.

[red rook] 23/2/2016 08:40

What is the current debt position of EDG.

Any one know off hand ?

[carpadium] 23/2/2016 08:29

Hendersons, at a guess finally they're getting rid of their 12.59m they've been trying to dump for well over a year.

[mark10101] 23/2/2016 08:25

Huge buying for EDG with no price rise, looks like a big seller. Maybe Brad is taking what he can get.....

[jumbone] 22/2/2016 21:29

So which IDIOTS Voted me DOWN?


I ask AGAIN


Have the Guts... Put forth your arguments

[jumbone] 22/2/2016 21:07

So which IDIOT Voted me DOWN?

[jumbone] 22/2/2016 20:31

The volume in TSX is 3,846,500 till now

The average trading volume per day is 32,221

So this has traded some 119.3786661 times daily trading volume so far.


Compare that to AIM


The volume in Aim is 17,294,482

(Though we have traded on ISDX 50,000 today... I am ignoring this number)

Where the daily trading volume was 51,884 on just AIM

So we have traded some 333.3297741 times daily trading volume


Both these exchanges have traded EDG / EDE at abnormal volumes

Hence IMHO there is a great possibility of an opportunity to trade the over done drop

[oakville] 22/2/2016 18:51

Watching it here on the TSX not massive volume but looking a real struggle to stay afloat.

[andy] 22/2/2016 18:31

bid now 0.5 cents in Canada!

That's 0.25p.

[mark10101] 22/2/2016 17:00

I felt the strategic patner bit at the end of that RNS was very underhand but personally had already discounted that as there was no way they would buy in at 5p given where we were. Dilution at 1p would have slaughtered us anyway. The trading today does not make a lot of sense, let's hope Brad has some cards up his sleeve.

[carpadium] 22/2/2016 16:31

Painfully oversold, will likely adjust tomorrow. We're far from dead and buried, although it might seem so right now. On a day so good for WTI price as well.

[mark10101] 22/2/2016 16:21

Some bonkers trades going through, very odd and painful day.

[boycie1] 22/2/2016 16:20

£12k buy!

[jungmana] 22/2/2016 15:19

Well. Am in. Good punt at this level. Gla

[1628386] 22/2/2016 14:53

To drop this in at the bottom of an RNS entitled "settlement of disputes invoice" is a disgrace...

"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"

Edge always remained on my watchlist, however Brad has now lost all credibility. I wouldn't be buying even at 0.1p as they have no chance of raising funds.

So sorry for the believers on this board who trusted him. I'm afraid he has completely messed this company up