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"Buys flooding in! Everyone wants a piece of the action!"
SP falls,,,,,,,,,,,,,,,,,,,,,
I think there's an awful lot of quick flipping going on. Recent heightened BB activity would very much suggest that.
HITS, I hope I'm right because at least one of us gains then!
Very un-ANGS like trading. Lot's of big round, numbers in there which feel like either getting out or hopefully in more cases, getting in. It wasn't that long ago we'd have 10-20 trades per day!
We are in the limelight.
Howey, I'm not at all sure you and I have "different goals". Mine is all about trying to provide some balance and realism - and I am sure you'd agree that people being as fully informed of as many angles as possible is a good thing.
Where we do (without a doubt) differ is in terms of each of our projected outcomes for ANGS over the next several months. Which is why you're invested and I no longer am. And that's fine.
Buys flooding in! Everyone wants a piece of the action!
never ending placing stock keeps coming out. Thank you GL and Co for all the extortionate financing to keep your exorbitant wages fully funded.
Volume of 46.6m, that is noticeably better than these last several days at this stage of the session.
" rarely bother with Mirasol and WG because their agenda is abundantly clear and they want this to fail."
Wrong - we don't want it to fail but we think there is a high likelihood it may fail
All we do is to point out things which annoy the ramptastic squad - such as the current SP is still well below the "offer" made by SOU several months ago
Topsy turvy day of trading. Definitely a lot of people cashing in but it seems and shortage of takers!
Hopefully break out soon but I take the valid points about why it's not already flying.
Come on ANGS!
Started position building today on Angs. Will be more when CLON exit price met. I like the potential here against a low MCAP
San
Production from the sidetrack will be 100% unhedged from start to finish and therefore Angus will directly benefit from rising gas prices.
Junes production from the existing wells is completely unhedged as we know, then hedged for a period of three yrs on a declining balance. "The hedge is for a fixed term on a declining balance which roughly aims to decline wiith the scheduled loan repayments. It would be very likely (assuming we succeed in obtaining target production from the side track, itself 100% unhedged, and representing windfall gains at present forward gas prices) that the loan would repay earlier...the amount of hedged production after, say, two years would be less than c 25% of total production (including production from the sidetrack)"
SB, I like HITS and value his/her input, despite us having different goals in this. I think they could be more a force for good of investors if the aim wasn't simply to counter the rampers.
Other than Gideons, who tried my patience once too often, I tend not to engage the ridiculous rampers as there is little point. Likewise, I rarely bother with Mirasol and WG because their agenda is abundantly clear and they want this to fail.
Because I value HITS input as I suspect many others do, that's why it frustrates me.
I guess I'm hoping HITS could play the role of big brother/sister and set a good example to both rampers and derampers alike, but that is probably unfair of me.
As for Pboo, I suspect they are telling you they bought in at 0.6. I surprised at your complaint! ;-)
The number that's considerably more important to know than future gas pricing is the actual monthly production volume.
Because unless ANGS produces more gas than it has hedged, quite literally the only party that benefits from a rising gas price is Mercuria.
Making an excellent buy case guys. Keep the research flowing. Nice to see less bickering.
Some of the most material milestones in the companys history to look forward now as it transitions from a cash burning explorer to a revenue generating gas producer that can be valued on a multiple of PE on first gas, followed swiftly by a fully funded sidetrack with a rig ready to go that will see it transition yet further to profitability. The risk v reward is very compelling now.
Nice to see we are in agreement 5p+ on a successful sidetrack i've been saying 7-10p. In my view we should see a steady rise to 3-5p in the period post first gas.
Atb
Bed wetting hasn't diminished I see
Last Wednesday moan moan moan and at which point Angus produced 3 lots of twitter updates over next 24 hours
Here we are again.....just relax guys
That is a fair point ocelot, but it would clarify what expected profit is and remove the discussion. Gas moves up or downup x% we know profit move by same %age. Then No discussion needed..
11% rise on the front month at present, June is back up to 191p:
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253320
GL has failed to update the market on Brockham and that's well late (compared to within a fortnight on 27.04). Just shows man can not be trusted on any level as he fails to honour his own words. lets see what happens on the gas front as well. Its GL who is sabotaging the SP.
it would be useful if they could provide an updated economic forecast for revenue and profit based the the futures prices on a particular day.
-------------------------
GL has already spoken of natural gas prices behaving like Bitcoin. The problem with producing forecasts based on one particular day's closing price for natural gas is that it is likely to be out of date the following day.
Pboo,
Equally, Those who bought in at 35p have lost 95% of their investment and could easily reduce the loss to 90%.. Those who bought in at 1.35p are breakeven and could easily double their money..
Is their some point or usefulness to your post that I missed?
I would also like to add, it would be useful if they could provide an updated economic forecast for revenue and profit based the the futures prices on a particular day.. No Side track production and side track production less updated opex figures.. End that discussion as well..
Those that bought in at .60p have doubled their money and could easily double it again.
Happy days.
Howey,
I have found you to be a polite and balanced poster and I am surprised by your complaints about Hits.. As you acknowledged, Hits counters ramptastic nonsense on this board and therefore posts would be less postive and looking at the alternative negative possibilities. I would say that these are just words on a screen and tone is generally interfered as much as implied..
I think motive is much less important than the content. Road to hell is paved with good intentions and all that..
I also think, no more than earlier this year and 1000's of posts generated over progress and Q1 gas, management communications are the core problem..
They have used 1.5m terms consistently for monthly production from existing Wells, stated hedge is covered and side track is unhedged and pressure tested the existing Wells. But we know hedge requires 1.75m terms monthly to be met in 3 months time..
If the existing Wells will cover hedge at 1. 75m terms why use 1.5m?
If 1.5m how can they say hedge is covered..
If, this all depends on well pressures, how can they state sidetrack is unhedged?
They tested the well pressures, why not give use the figures and end the debate?
Much like the delivery schedule and programme of works reduced the back and forth here re progress and first gas, clear concise information on production would do the same..
And I know it depends on drop off in pressure over time which is unknown but that can be stated.. They can tell us the pressure as it is now, they can tell use they expect that to result in x million terms a month and they expect that to drop to y million terms a month over the next 3/6/9 months..
I think this is part of the reason the sp is not increasing as expected.. Message is not clear and concise and GL seems to prefer the attention grabbing headline statements (debt free by year end, 7.2m month) without the caveats, to simple clear, realistic, consistent consistent communications..
Just taken a further tranche
Heavily heavily overloaded here but supremely confident
Anyone who doubts that Gas will indeed flow needs to give their head a wobble
HITS, Thanks for the full and considered response. Once again I agree with much of what you say and I don't believe the narrative that you are also WG and Mirasol (but you could be).
Whilst I know I should focus on the content, I struggle to accept the 'negative' tone that it all comes across with. I appreciate that it's because you are often responding to rampers but there always seems to be a leaning towards the what could go wrong rather than what will likely happen.
I wish you'd buy a load of shares and put your undoubted knowledge/experience behind it, rather than against, which is the feeling I get when I read your posts.
GLA.