Caliente said:afternoon gentlemen. Attended the EVE AGM this morning.
In my mind its a mix of good and neutral news.
These guys are cashed up and confident. Colltech on the pipeline sometime next year.
Xyris demo plant is progressing well. They mentioned there are minor "glitches" inherent to the setup of a plant, but it sounds like the CoolEnergy spinoff may actually pay some dividends.
The reason for the delay of the AIM listing was due to there being a major drainage of funds due to US legislation regarding online gambling. So a lot of funds were dried up over in London funding those ventures. In either case, the seed funding for African Energy was well and truly oversubscribed and they have no cash problems.
Its confirmed that they will have a 79% stake in AER, and will strategically change the size of the position as the company grows.
An interesting side note: December to March is the wet season in Southern africa, so dont expect drilling announcements. They will however have several anns in December regarding samples, and in the month after that there will be anns regarding the African Energy IPO. I asked, and he mentioned that it will almost certainly be a priority listing for EVE shareholders.
Hope that helps...
Certainly some build up now somethings going to give!Simmo said:EVE seems to have taken off this morning, possibly on speculation surrounding the OMC takeover.
Broke thru at 19 couldnt call it a breakout yet but looking good!constable said:Certainly some build up now somethings going to give!
constable said:Broke thru at 19 couldnt call it a breakout yet but looking good!
Out Too Soon said:Appendix 3B released to ASX today, 28million new shares & 1.5 million options, sounds like a dilution of current share holders value rather than something to drive the sp up. Correct me because I dont know what I'm talking about. I don't hold at present & I always hesitate to buy when I see a new issue of shares like this. How should this affect the sp?
Novski said:I agree Nizar, nice breakout.
The only thing with this one is that it's retracements come back a fair way. It's last breakout didn't go very far before it retraced either.
Novski said:That's very true.
What do you think about the fact that on Nov 28 it actually opened (20c) above todays close (19c). Check on a candle chart. What do you think of this?
Novski said:That's very true.
What do you think about the fact that on Nov 28 it actually opened (20c) above todays close (19c). Check on a candle chart. What do you think of this?
yogi-in-oz said:Hi folks,
EVE ..... looking for a rash of positive news
over the next few weeks, before a negative
start to 2007 .....
22112006 ..... positive cycle ... finances?
28112006 ..... positive light on EVE
12122006 ..... positive news expected here.
14122006 ..... short, aggressive rally here
15122006 ..... negative cycle ... finances???
18-21122006 ..... strong rally here ...
27122006 ..... negative spotlight on EVE
02012007 ..... negative news expected here.
happy days
yogi
P.S. ..... holding EVE.
=====
nizar said:No more sellers at 20c.
Its game on now
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