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Yanis,
i am int he same boat as you only i started at around 10.. even averaged down recently to get just below 2 and then we get yesterday and it is a disproportionate % of my portfolio..
I am guessing like me, you are frustrated that GL and the board seem to be holding the SP back.. getting so close to a reason for the SP to push on and rise , we get placings, dillution and now this. The day seemed so close to open my portfolio and not see angus in Red..
Bottomfeeder, i agree with yoiu that i dont think that this was neccessary or beneficial at this time. i also dont see why SEL would sell if it such a good deal for angus..
it does offer anothert possibly explanation why GP sold out though.. maybe they were interested in buying out SEL's 49% and were not let/ refused and then left..
Do not know why we were not informed of angus intention to buy out the 49% previously via RNS as this deal has to be weeks if not months in the making..
To think they were talking of paying down the debt by xmas and yet had to have 3 placings this year so far and dillute the company by half and they still havent produced anything..
I note as well the shareholder approval for addtional shares is not for the deal, but to keep the show on the road.. Does anyone know what the consequencs of not maintaining the require bank balances is?
because to me it looks like they decided to give the shares to the lads for this deal and push shareholders in a position why they have to approve the additonal shares and dilution or risk their investment in whatever the consequences of not maintaining our bank balance..
then i better sell eh ........
Yanis the markets are only waiting for the action to start at some point, the share structure of Angus is going to change in the next few weeks. GL is hinting to retail investors that they can bugger off if you arn't satisfied because we now have a better class of investor who sees our goals, podcast Yanis?
The chart isnt Bearish at all. PA checking out the lower rising trend line with confluence at the 200 EMA.
Buying time if your positive long term.
Daily RSI also sits at 33
But "the fact spoken by the market" can change very quickly, as we are all aware :-)
Foxtail well said mate, people should put up or shut up once out unless they have a motive.
BV, I admire your bullishness but right now all we see is sells and downward pressure on the SP. The chart, following the news over the last two days changed from VERY bullish to bearish and the SP is now more likely to move down rather than up - these are the facts spoken by the market.
25-May-22 13:33:14 1.05 20,000,000 Unknown* 1.05 1.15 210.00k O
£210k changing hands is a large chunk and particularly seeing as though it's at the bottom of the bid. As the timestamp is current it's a sell. Someone took it off their hands so as per the volume we've witnessed recently, there appears to be movement between funds.
All of this will probably keep happening until we get production under way.
Octane, the only people I give stick are those who wish to noble Angus and have admitted it previously.
Yanis, selling yes but who is buying them, Angus will have large block holders rather than retail investors shortly mentioned in the podcast.
Foxtail, everyone here was greedy last week except the usual skeptics, I even stated here that the overwhelming bullishness made me cautious to get back in. Think for yourself is the most important thing, and know where you will get out before the time comes.
BV, if you know what VLN stands for that will give you a clue. Maybe tone down the attacks on the skeptics, I agree at least one of them is a greenie, but some of what they post is very good commentary, and at great cost I have learned to listen to everyone in the market that uses logic to make their point, there are a lot smarter people than me out there.
Yanis, I can see some very big players coming here when production starts, by that I mean trades around 50m plus so watch this space imo.
20 mil @ 1.05p sell. Just realised that this is below placing price of 1.09p … somebody else selling?
BV, there is a lot of confetti atm … there is another 20 mil trade at 1.05p. A lot more than 91 mil shares have already been sold.
Oktane, I wish you luck mate. Hope the property sale goes well. I know you will do well in the markets, you sound seasoned. :)
You see, unlike you, when the SP dropped from 21 something to 17 something … I averaged down and that was my mistake. Got worse and worse after that.
Yanis final comment, the market is a very expensive teacher. I was fortunate in learning mostly with other people's money in trading, and cut my teeth in the financial futures markets where it is very easy to make a small fortune, you just need to start with a large fortune.
Octane, I guess you are American ?
Yanis, according to the RNS the 560,000,000 are issued at 1.2p, due to the headroom Angus have issued 273m yesterday in the summary section. That is why we turned over 300m shares yesterday, the other 273m plus the other 173m are after the GM.
Every day I struggle to remain dispationate in my view of the market, when ever I fall in love with a position I get burned.
This has been my only active AIM share recently, and I had a big position years bck at I think 21p, and bailed on the huge down day at 17 something for a loss. Those days, and those decisions, are where we really earn our brad in the markets. Myself I will likely mostly move on as well from ANGS as I think near term the upside looks limited. Will look out for you in some future AIM play, selling a large property this summer and may find myself with excessive pin money this fall and find a new entertainment channel I mean AIM stock to punt around.
Oktane, spot on - adding to winners is a lot more profitable than adding to losers, I learned that already. I am in the averaged down situation with a couple of stocks, Angus is one of them, both heavy exposure and are weighing heavily on my portfolio. Patience run out though, within a couple of months I will cut both and move on if the situation does not change. Had Angus stock for about 5 years now, and constantly under.
Very best outcome for you Yanis, hope you can pull it off to make a profit.
And going forward block the Volga north of the city, but whatever you do don't over committ to taking the actual city and avoid any future Stalingrads.
Oktane, I fully agree with you.
In my case, bar a very short period after my first buy, I was never in a position to sell at a profit. The SP plummeted and I averaged down rather than cutting losses. Then the exposure was too big to cut. In £100k at the moment and right now £40k underwater. I have now set a time limit which is end of next month, if I am not in profit be then I will sell out no matter what my losses will be at that time.
Since we're all giving you advice Yanis, try to always add to winners, and avoid averaging down; simple logic, if you are right half of your trades, adding to winners is going to return more tha adding to loosing positions. A couple bigger sized winning trades then make up for the 50% of trades closed for a moderate loss and you are a net winner at year end.
In a trader's graveyard, in the P45 section, the most common cause of demise is 'averaged down' and 'sold naked volatility', couple of career endangering strategies best used with caution.
Yanis, institutional investors will only bother with companies worth 50 to 100m, after listening to the podcast it put a smile on my face knowing in 2 to 3 weeks the SP will rocket when proven. It could be worth you averaging down at this price if you have any spare cash, but I wouldn't gain at my average personally.
How do you suppose they fix the SP when the Market/investors set the share price.