Same here. I thought it was good for AED and bad for NXS, that's...

Same here. I thought it was good for AED and bad for NXS, that's why I bought yesterday. However, the share price closed weaker than I expected.

I guess management's credibility is still hanging in the balance. I guess that is the only reason why investors doubt AED. Willing to give it a second chance and see what comes out of this proposed deal.

If Longtom produces what they say they can produce, then it will not be hard for AED to securre debt financing. The reason why they are not doing a capital raising is due to the low market cap. they have right now.

They also have spare cash on the balance sheet and a cargo of oil to be sold this quarter. If it were not for the Longtom deal, I would have stayed away from AED. However, willing to give management a second chance to prove that this can get them out of a rut.

Also waiting patiently for their reserves update. May not be great news, but am interested to see what reserves they have in store.

Happy investing.