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Alan,
Do you think that the guy that has recently put in to Angus circa £250,000 hasn’t done any due diligence? He hasn’t looked in to the team that will affect his investment?
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I am sure he has.
We are were we are right now, right at the bottom. Personally, I am here because I am still holding my shares and down quite a lot atm. I also believe that the Angus situation will improve.
I don’t expect it to get significantly worse from here, just like the guy that put in about a quarter of a million pounds, I expect the team who is leading Angus to significantly improve the SP from here.
If I didn’t believe that the current team will significantly improve the SP, I will sell up, get what ever little money is left and move on. I do not understand this constant negativity. Constantly kicking a dead horse will not get it to wake up. Why keep on and on about the same points?
If anybody does not believe that the situation from here will improve ... why hang around? Why waste time on something that they believe is a total loss? Makes no sense.
I am looking at the company at this stage, now without rage and a cooler head, and I am thinking ... would I buy shares in this company with this team? The answer is yes.
- Directors investing in the company, putting between £20k and £30k each.
- independent investor puts in circa £250k
- Application for testing Balcombe is in
- Saltfleetby application is in
- SP at all time lows, at rock bottom, in all likelihood will go up
- Sentiment at rock bottom, as Balcombe testing nears ... it can only improve.
Would I now buy? ... Sure I would.
Missing link
https://www.lse.co.uk/rns/ANGS/holdings-in-company-wf6q7bzap9vge4f.html
Yanis,
An awful lot of high net-worth investors have "already" lost money here... the size of your trading pot only means that you could potentially lose more... his purchase is not a beacon of hope... just as the current SP low may not be the bottom. Having averaged down myself in the past (at what was considered to be the bottom and a "great entry price" by all and sundry at the time...) I know this all too well from bitter past experience!
Bearing in mind the duplicitous nature of Tidswell and his chums, I would not be surprised if this new "associate" investor of theirs didn't loan out his shares too. He could well be looking to make money on the down-side as well as the up.
The only "fact" you can be assured about here is that WE will be the last to know the truth!
Wealdpwr,
You said "... And by all accounts that won't be happening for years, if at al -especially given how much he pays and loans to JTP plus expenses".
Maybe I missed something, I am not aware of Lucan lending JT-P any Angus money since Lucan arrived in the company - When did this happen?
Like any other UK onshore energy project, Saltfleetby is faced by a number of regulatory and technical obstacles before it comes to fruition.
At the present time, do any of these obstacles look to be insurmountable?
No.
GL's NPV calculation of about 4p remains, therefore, the best guide we have to the value of Saltfleetby to Angus.
So what "was" the NPV calc for Lidsey... what "was" the NPV calc for Brockham... what "was" the NPV calc for Balcombe (first time around)?
The sad truth is that on each past occasion so called FACT rapidly sank into FICTION. Can we trust the folk who have so far failed each and every time to bring us even ONE success - to deliver eventually at Saltfleetby?
Well we're all going to have to wait well into 2020 to find out... but given their 100% failure record so far... don't hold your breath IMHO :-(
Morning Charlie,
HH was only a success after the UKOG team took over (as I'm sure you must be aware). I wonder what Tidswell's excuse was for selling out on the only asset so far to have proved to be of any real value?
Balcombe has so far proved to have a water issue - ring any bells!?!? Although our trusty BOD tell us this can be fixed... it doesn't explain why this "so called" great opportunity has been put to one side and left unattended for so long? My guess is that they probably need UKOG to come in and show them what to do first! ;-)
Yanis - the question wasn't directed at Ruppet and I note Ocelot continues to avoid the uncomfortable truth about the experience of the current board with a Costa Del Crime figure lurking in the background.
The SP moved up due to Rupert buying in.....and now he's stopped...the SP has dropped.
It's sad when you actually know the name of the 4th largest investor in Angus (who some say has his own shady share dealing story of his own), but that also points to the fact that this share is flat.
Angus won't start requesting equipment for Balcombe until they get permission which will be in January at the earliest, so you can add on a further 1-2 months delay on top of that.
Saltfleetby - Angus haven't been awarded Operatorship of the field, timelines always move right when it comes to project infrastructure like this so towards the end of 2020.
Folk don't see Angus as being an investment at the moment, as there are other shares out there that are more attractive with better returns. And before Ocelot says but Lucan says we're worth 4p. You need people to buy in to raise the SP and sadly due to the inept history of Angus I suspect most folk will wait until results have been announced.
I see wealdpwr's lengthy post of last night or earlier this morning has been removed.
I've never reported a post, so this had nothing to do with me.
Charlie - Angus released an inept RNS about Balcombe which should have raised the SP, but because they never did any research into the fluid losses into the formation they wrote about "water" for half a page killing sentiment.
And just to show how inept they are....all you have to do is read the Daily Drilling Report Mud Summary, General Comments Section, Mud Engineers Report an Mudloggers report who all have to mention fluid losses whether its on surface (evaporation), shale shakers overflowing or downhole.
GL's NPV calculation of 4p for Saltfleetby is in the nature of internal management information which cannot normally be gleaned from a company's published accounts.
Ocelot,
I'm going to buy you a cheerleaders outfit and a couple of pom poms ;-)
Thanks, YL, I'll see if I can find a Private Frazer mask for you.
YL
Hope scally took your advice about that stop loss!