Egdon Resources Share Discussion Threads

[dave4545] 23/9/2021 09:08

Nice run of buys and I'm getting just 150k max online at 1.55p full offer

So it should turn blue soon

[dave4545] 22/9/2021 15:02

Actually online spread is great 1.45-1.4875p

Obviously not good for me having paid a average 1.6p for 1 million shares but it will come good.

[dave4545] 22/9/2021 13:59

6 hours to get the first buy today 200k at 1.485p

[urigem] 22/9/2021 12:33

Hi Chaps

Been lurking for a while - Avoided stocks like these for years now after always getting killed by back door placings etc I lost faith in AIM tiddlers.. However saw this pop up yesterday - whats the thoughts ? on the face of it looks very good news with the the Mkt Cap as it is.. what forseem negatives ? Thanks in advance

[dave4545] 22/9/2021 09:07

30 years I've been trading and never known it to be so bad to buy a stock on news now.

You are almost certain to end the day with a huge paper loss.

I really do not get the impatience of today's players now.

It's like if they do not move everybody bails out no matter how good the news is.

I'm convinced I'll get 3p for these so I will just tuck them away.

[bomfin] 21/9/2021 22:34

Thanks Curry. That's what I thought.

[jasper2712] 21/9/2021 19:59

Extra revenue of 75k/week connfirmed. 50% increase on oil flow from the 500bopd expected. share price recovers from an all time low by a miserly 0.3p/share !
Maybe the government will see sense and start looking at the shale industry again so that we are no longer dependent on Putin

[dave4545] 21/9/2021 16:54

609908 pays 1.645p and sells later for 1.516p

No wonder shares do not move anymore, half the people that bought in today sold again for a loss.

[dave4545] 21/9/2021 15:03

When I got a quote at 1.625p and accepted I did a virtual fist clench because I thought later I would be selling these at 3p

Really is impossible to guess news and what stocks do now, some rise 100% and others do nothing.

And the traders patience levels are showing as many buyers this morning take decent losses as they cannot or refuse to hold.

I can get a quote to sell 500k at 1.517p so one mm clearly wants the stock despite
the selling

[currypasty] 21/9/2021 14:44

bomfin, I cant see why not.. I can if I put a panel on my roof.. I guess there would be a hook up charge

[bomfin] 21/9/2021 14:20

Quick question. Can they sell produced electricity to the grid ?

[currypasty] 21/9/2021 13:32

eua, that was a long time ago...

UJO creeping up a bit now

[bean02] 21/9/2021 13:27

Just added my third lot of the day. Showing on aquis or whatever it's called these days. Being reminded of spouting company making news in eua when it was .4 and no one was 'buying' it.

[bomfin] 21/9/2021 12:40

Seems the market doesn`t believe the rns. Hmmm. Big claim to be the 2nd biggest onshore oil producing field in the UK. If True, then it is onwards and upwards. If not true it`s very naughty indeed.

[dave4545] 21/9/2021 11:28

Noticed the switch up to 1.6-1.75p

But you can still buy around 1.64p so train not leaving the station just yet on today's news.

[currypasty] 21/9/2021 10:00

The job needs a mid cap to buy the three out, EDR, EOG, and UJO


If PI's cant value the projects properly, a buy out is the only way forward, imo

[talkman2] 21/9/2021 09:54

30% of the second biggest onshore oil production field in the UK . The market cap of £8 million for this significant asset is way way too low . UJO is valued 3 times higher .

[dave4545] 21/9/2021 09:49

It's amazing some people actually manage to make money in this game.

109973 paid 1.7245p and just sold for 1.5685p been a few of them this morning, seems most people buy a stock now and if they are not in profit within 2 hours they bail for any loss.

No wonder the mm's hold out initially on stocks with good news, flush out the day traders for a loss then push it higher later.

Look at Igas, they were selling at 22p then it spiked to 36p+

[jpuff] 21/9/2021 08:42

At long last it's springing back into life.

[bean02] 21/9/2021 08:37

Well can't buy now :) I've added to a substantial holding with an average @2.2. My target price is way higher. Hoping they do some pr in line with the ukog frenzy back in the day. Expect any sensible ujo holder would change lanes at this point.

[currypasty] 21/9/2021 08:36

well done dave, pretty much no brainer at this level.. if shareprice doesn't significantly improve on those Wressle numbers, surely they are takeover targets as the oil and gas markets are not as fickle as PI's

[dave4545] 21/9/2021 08:30

Bean02

I've been testing limits when it went quiet for 5 mins at 1.65-1.7p it was 1.65p to buy and some idiot sold 250k for 1.52p when 1.65p bid so clearly a lot of buys went through as sales

First oiler I've bought for probably a decade, 300k revenue in a month the market will pick that up soon, plus the price is rock bottom and chart perfect for a 100% spike.

2 x 250k at 1.625p are mine and the 2 x 250k at 1.5799p are also mine and if the price gets back to 1.55p I'll add