The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nom. It's ok because posters who don't answer questions honestly without dodging are a complete waste of space.
balancedviewer,
I don't find all questions interesting (and I don't understand all of them), so I choose the questions I answer (if any).
You will be "threatened" with being filtered soon... Too many pesky questions...
It seems some find it easier to filter than to answer awkward questions that do not suit a particular agenda.
Ocelot. Your editing half of the question again to suit your trainee political swerving. Do you think posters only read half of my reply to yourself and don't notice your convenient lack of a full reply. You are really insulting their intelligence, so i will be eventually expect your filter having being caught out every time.
We're not there yet, but Angus's profile is in the process of taking on a much more "institutional" profile, even if its market cap continues to remain very modest.
Agree that the level of downside SP movement on on the back of the oh so obvious Balcombe planning refusal would seem to be an over-reaction. I'll throw my opinion in again that planning being refused is easily viewable as no bad thing. Or should be.
A significant cause of this over-reaction has without a doubt been the ANGS BoD itself. If it hadn't issued that frankly ludicrous rainbow-filled investor presentation, fervently talking up the alleged opportunities in re-engagement with Balcombe, Lidsey and Brockham (let alone the "let's drill big expensive holes in Cornwall" never-never project), then my feeling is that the market wouldn't have been that bothered at all about what was a clearly telegraphed no vote.I mean, pretty much everyone with an IQ bigger than their shoe size has known without doubt for many months that quite literally the ONLY thing that makes any sense for ANGS to attempt is to deliver on Poundland Gas.
So bizarre was that "investor presentation" document that my biggest concern remains the actual motivation behind George's sudden "straight out of left field" efforts to puff up the potential of the very evidently cash-starved ANGS outfit on the back of four extra projects... not one of which it has a snowball's hope in the tropics of affording. Why would anyone think this was a good idea? Puff up Balcombe (inter alia) as an allegedly viable prospect (yet again), just before a planning meeting, where there was a more than even money chance of refusal? Madness...
No wonder planning refusal has caused an SP dip, then. That's what happens when a BoD deliberately attempts to attach significance to an "asset" that is actually - currently at least - valueless and entirely irrelevant.
Paddy Clanwilliam has a track record of shooting himself in the hand - it looks like George unfortunately has very similar tendencies, except it's his own foot that he's shot himself in.
Re your question about a dividend in 2-3 years' time:
don't know, but it does provide a useful insight into GL's ambitions for UKOG and the direction in which he seeks to steer it.
I don't see any value in anything until it produces income. (balancedviewer's post of 11:03)
Gold will always have a retail value, ... (balancedviewer's post of 11:22)
Do you think we will get a dividend in 2 to 3 years,also stated from GL.
Gold will always have a retail value, would you buy Balcombe off Angus if you had a few quid to spare. And please let us all know what your plans would be. We are back to buying a boozer in lockdown, but cannot sell beer. You never did answer that question either, what was it ifs and buts.
BV, not quite so. For quite sometime now the plan has been income from SF.
I thought the plan for expansion was income from Balcombe and Lidsey as stated from GL.
So you put no value on gold at all.
I don't see any value in anything until it produces income.
Mirasol, fully agree.
Any thoughts as to why Forest Nominees, who are due to buy the 15 million shares at the placing of 1p and the 15 million warrants at >1p, are not hoovering up these shares being sold below 1p?
Doesn’t make sense to me. They can buy these shares below 1p and cancel their interest in the forthcoming placing (to be approved March end).
"Reaction to Balcombe appears to be way over the top. "
I have to say I agree - unless all the sellers REALLY believed it was a shoe-in - and if they did there are even more idiots about than I'd have guessed. The only value in ANGS right now is SFB - anything else is pointless
Reaction to Balcombe appears to be way over the top. The SP is gone in to a free dive and looks set to head for new all time lows.
I am surprised that Forest Nominees, which want their 10%, are not jumping in to add to their holding. After all there is a placing coming just for them. Why pay more for it?
Could Balcombe approval be a precondition for receiving the funding?