Edge Res Share Discussion Threads

[jamesiebabie] 15/3/2016 05:42

B2 - Also remember to use the Stockhouse bb.

[bigt20] 14/3/2016 22:59

belgrano2,

Even without the graphs we can still post here as ADVFN have left threads up for companies that have gone into administration / bust/ etc.. Fortunately I wasn't invested in any.

EDG is on the TSX Venture Exchange (www.tsx.com/trading/tsx-venture-exchange)

[andy] 11/3/2016 23:17

belgrano,

Just sign up for google alerts, and input Edge Resources, and you will receive everything said about them.

[belgrano2] 11/3/2016 19:19

I'll wait a few months happily, need crude price to recover and its starting to edge up gently. i wont sell but will keep in btm drawer.

..only issue is communication, guess lse and ADVFN will stop showing this stock and all threads.

[andy] 11/3/2016 11:30

mark,

O I understand now.

Most UK brokers (Barclays, Hargeaves, TD) can trade Canadian stocks, so it shouldn't be a problem, although transferring them could take some time, and people may wish to review what happened to Medusa Mining holders that opted to transfer their stock and then had to wait an eternity before they could trade again!

It took many months and the share price just kept on sliding. They were stuck holding a stock they were unable to trade!

IMHO, if you really want to continue holding Edge, and your broker trades TSX stocks,it would be better to sell on AIM, and buy on the TSX. The only cost is dealing costs, but the huge benefit is there will be no delay in any stock transfer.

You would not want to be in a position where you cannot trade the stock for several months, IMO, that's what happened with Medusa's transfer to an ASX only stock, with Computershare and TD blaming each other for the delay, if I remember correctly.

You can ask on the MML thread, or review posts from the time.

[carpadium] 11/3/2016 08:46

I don't care about paying more once on the TSX, I'll pay more for greater certainty that the company has overcome the immediate danger to continuation of business. I want assurances that the bank and EDE have agreed on future terms, I will wait to ensure that there's no third party lurking to buy cheaply by settling company debt once it's a Canadian venture only and thirdly I want to see stability of oil price improvement.

I'm down a fortune at present, I'm willing to have a second stab but this time I'll cut down on the risk as much as is possible. I'll gladly pay more for the increased confidence, the price will still be low and still offer great growth prospects. Caution should be the watchword.

[mark10101] 11/3/2016 07:38

I know Andy, just our move. My hope is the share are being played this side of the pond due to people reluctance to make the move.

[andy] 11/3/2016 05:45

mark,

There is no "move to the TSX", they are already quoted there.



Belgrano2,

What is the WTI price?

[mark10101] 10/3/2016 14:05

Not letting them go that cheap, tried to buy some down here but they want 10% over mid price, looks like someone is mopping up for the shift to TSX. Only looking to buy a few hundred quids worth, equivalent to £5k where I built my holding....

[belgrano2] 10/3/2016 13:20

especially with crude recovering brent over $41 a barrel today up 4%.

Remind me guys what was edges break even price ???

[belgrano2] 09/3/2016 12:13

Yes its ironic that while Brad was eyeing up future acquisitions with the "new backer", he's possibly become the target himself when his new backer pulled the plug.
Always bigger fish looking for cheap assets, especially with undrilled potential.

Dont think we have a predator, but certainly if we're being given away someone will be interested.

[carpadium] 09/3/2016 11:40

Over the last few days it seems endless the amount of sells the market makers are absorbing, without dropping the price yet. They never act out of compassion, they must be under orders to acquire. For whom, well I would have thought a holding announcement, if needed at 25/30%? can't be far off.

I don't expect an MBO but I do fear a third party attempting a deal with Edge's bankers and using that route to add pressure to the directors to concede. Hope I'm way off the mark with that theory. But at £400K market cap we are the distressed asset and could be taken private for a steal.

[carpadium] 09/3/2016 09:07

OK, but one procedure follows the other, and the all-important fact is you cannot trade EDG on AIM after March 15 and there's absolutely no chance the de-listing won't go ahead.

[adverse] 09/3/2016 08:58

Suspension in March. Delisting in April.


...Edge has now taken the decision that, in light of the additional cost and regulatory burdens imposed upon the Company by having two quotations, it will not seek to appoint a new nominated adviser and therefore its admission to trading on AIM will be suspended from 7:30 a.m. on March 15, 2016...

...Under the AIM Rules, the Company's admission to trading on AIM will be cancelled on April 15, 2016 (the "Cancellation Date")...

[carpadium] 08/3/2016 22:11

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

[carpadium] 08/3/2016 19:33

March 15th Gary, as per EDG's last RNS.

[gary1966] 08/3/2016 19:09

Carp,

Barclays have got it right they delist on 15th April. Confirmed by Hargreaves Lansdown.

Gary

[carpadium] 08/3/2016 17:54

Shameful Barclays can't even get the month right.

[belgrano2] 08/3/2016 17:32

Good Afternoon Mr XXXX

Further to our conversation yesterday, I can confirm the following with regards your holding in Edge Resources:

Once the stock de-lists in April, the company will issue us with a share certificate or an electronic statement which should be transferrable to the Toronto Stock Exchange. Once we have received this we will be able to establish with our foreign custodians what your options are, and you will be notified in due course. At present, it is not possible to provide you with a more definitive timescale, but we will not have any further details until after the de-listing.

I hope this is helpful Mr XXXX, you may want to check the situation with us again after the 15th April for further updates. Please do not hesitate to contact me if I can be of any further assistance.

If you have any further questions, please let me know by email or by calling our Client Service Team on 0800 279 6551* or 0141 352 3909* who will be more than happy to help you.

Kind regards
Susan

Susan McCall
Client Service Analyst
Wealth and Investment Management
Telephone: [phone]* or 0141 352 3909*
E-mail [e-mail]
Barclays Stockbrokers - Tay House, 300 Bath Street, Glasgow G2 4LH

Our website www.BarclaysStockbrokers.co.uk

[andy] 08/3/2016 14:08

www.stockwatch.com

Though not quite sure why you feel that will help, the problem here is in the financials.


V:EDE - EDGE RESOURCES INC. -

EDE - V 4550.0 0.005 · 0.005 500.0 0.005

Highest bid 0.005 cent,or 1/4 of one pence in UK money.

[lazarus2010] 08/3/2016 13:25

where to see the actual trades on tsx?

[mark10101] 07/3/2016 17:55

Some reasonable buying volume over the pond, with oil at $38 it is not boom time but could take the pressure off things a bit.

[mark10101] 07/3/2016 15:07

Thanks Alan, good stuff.