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They could confirm or deny; if someone is using a rumour to try and prop up the share price whilst selling and in possession of insider knowledge then a financial crime is being committed and the company could be complicit if they do not take action to ensure an orderly market.
Any complicity could open the company up to legal action to the detriment of shareholders.
Ocelot, how do you explain the SP collapse … after an apparently healthy RNS that says (even though equipment delivery slipped) 1st gas still on course for delivery by end Feb.
How do you explain this? The SP should be flying now, not collapsing.
Yanis, in their e-mail they stated that they don't comment on market speculation.
That is fair enough, isn't it? What else could they say in the circumstances?
HITS, what happened in the last two days is covered in stench.Only a smelly leak can explain what happened. Angus is now fully aware of the SFB rumour (it may or may not be the cause of the SP collapse, could be a leaked something else, placing? Whatever it is) if they don’t come clean tomorrow I will be contacting AIM Regulation, I got photos of the tweet and the email reply to a PI.
Glactico, I am sure we are not the only ones in this predicament, there must be many others hoping that Angus will get this right. But after today …???
Here is a copy of the tweeter post about the rumour
“Let me reaffirm Angus have multiple offers on the table for saltfleetby imo in excess of £14m. Someone wants the stock cheap before the rise. Games being played. @angusenergyplc @LSEplc @TomWinnifrith @LondonSouthEast”
And as you can see this went to Angus and so they are fully aware of it. They in fact replied to a PI email neither confirming nor denying this. IMO they have to come clean on this as per AIM Regs.
Has been a disaster today, something smelly leaked.
I feel for you Yanis, (and anyone else in the deep red on this share) my situation is not so dissimilar to yours (minus 30k) bought in from the early days and slowly been averaging down in hope that this company will sort it out and get just one thing right so that I can make a recovery on my current loss. It's unfortunate that year on year the situation just seems to get worse.
I'm not aware of the rumour which everyone is referring to and its only our of sheer frustration that i am posting today, as never do, but couldnt help myself today.
I hope there is still something left here to recover...
Oktane...
"...as a past investor I have to say the multi ID ramping would seriously make a new investor pause before buying." I totally agree. What's been going on here (and not just on LSE) over the last couple of months has been pretty crystal clear.
As I've said before, blatantly obvious ramping such as has been attempted here actually damages a share's credibility. It's counter-productive.
Then take into account Tuesday's last minute "finally coming clean" RNS from ANGS announcing that the Saltfleetby schedule had slipped yet again (at least in terms of equipment arrival) .... and to add insult to injury, combine that with the equally obviously fabricated Twatter rumour that the multi-ID ramptastic squad shouted to the rafters for 24 hours plus, and little wonder ANGS's credibility is at an all-time low.
I agree with Yanis (who I have every genuine sympathy for) - something stinks here. And to my mind, it's a stench-ridden fusion of the endless rope-a-dope fabrications of the cheerleaders together with ANGS's ongoing failure to ever be transparent.
March 22: 216.060p
April 22: 131.000p
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188708
And we need a TR1 or notification.
Could be end of year liquidation from a distressed seller.
Matters not.
Just going to potentially review.
And actually will probably buy sub 0.70p tomorrow.
First Gas sub 0.70p sod it, I shall be buying!
From the ANGS Share Price page above:
Sold Value £80,396.16
Bought Value £9,672.39
Well
Ill stick
Placing or not.... some big selling.
Nevermind.
Octane, I cannot say I disagree with you, I should have taken the hit and walked away after Lidsey too. By staying in my losses are now magnified and at this stage I will stay in and hope and pray.
Lidsey fiasco caught me as well, but I took the hit and got out, have been in and out here since.
School of hard knocks has taught me some teams never in fact do win, and following the 'smart' money is not a sufficient condition to stay in, have seen so many huge losses by giant smart investors, there are so many >$1 billion losses stories out there...
Octane, thanks. Got caught with the Lidsey fiasco, then even much bigger with the Brockham disaster. Increased my risk and averaged down in the hope that these guys are bound to get at least one thing right and help me recover my investment. The large 10% investor and the £12 mil funding made me think that something may have changed!
Yanis
I believe in the Asset (Saltfleeby).
I believe they have enough funds for Saltfleeby to see through First Gas.
I will continue to hold and wait to see how low this goes.
The selling over the last few days has been very high. We had high selling at 1p (rise) a while back so I am taken about this reversal.
As a PI, Ill be the last to know.
Yes Yanis,
I feel for you and others.
This drop is very similar to December last year...
Lets see what comes next.
We need an answer from the Board, the volatility has been MASSIVE.
I feel your pain, have done it large years ago as well.
Averaging down a looser and selling volatility have killed more traders than everything else combined. It is so very, very hard to add to winners, but that combined with risk limits is where I have won.
Sorry it is so costly, hope you can bounce back either here or elsewhere in 2022.
EchDelta, you are lucky you are in below 1p. Mine is £90k at 2p, now worth under £30k! Is a shocker.
Yanis I am down from my recent 0.78p purchase.
Seeing that 0.66p for 1.4m shares was a shocker.
I am appalled by this.
Some leaky ships in Angus ?
Firm Hold for me!
I will see out First Gas!
Octane, when it comes to incompetence with these guys I don’t rule anything out.
I am currently £60k under … why oh why did I average down?
We are shot.
Game over!
And here we go … 1.4 million sell at 0.66p !!!!
Only thing mgt here could 'leak' in terms of bad news would be an all too typical error in EA delaying approval, or heaven help us a placing, though I just don't see that at present.
Octane, I hope is stop loss triggering and no leaked news causing this, but I am inclined to believe the latter.
Simple risk management may have lead to some people stop loss level being hit, and the twatter report just delayed the decline. Hopefully we don't get there, but below 0.65 there could be a larger rush for the exits from sellers stopping their losses. If it happens that dip might be one to buy...