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YinYang - Tidswell put very little money in and then was awarded a shed load of shares for free., which he is still being awarded even though he tried to loan out his Angus Shares, drilled from the wrong well, managed to alienate every Authority, couldn't order spare parts for critical items, ousted Vonk which made Angus look like Clowns and destroyed the SP on 4 separate occasions......And you want to follow him?!?!
And your statement "....shorted not by PIs but by large upset ex/employees I believe." is half right.....but you're looking in the wrong place.
Tidswell founded the company. He is not some apprentice, that is why he has loads of shares, now worth a lot less than ever, that is his punishment.
"TIdswell has had his punishment".
Really?-could explain what that is? He still works for the company (any of us would have been sacked on the spot for a lot less!),
And ..he HASN'T paid the money back,which is outrageous .If he paid it back, it would help,particularly when the company's finances need bolstering.
This needs bringing to the attention of the nomad. .they need hounding and pestering over this..it's a failure of due diligence on their part and they are liable to be sued if they don't move theit arses and actually DO something.
Yorkshire, the cowboys have been marched out of town and the order has been restored, all is quiet now, but hopefully the new Sheriff will restore order and confidence. Tidswell still has my respect and I feel sorry for his loss. That was his punishment, so leave him alone, he will be even more morivated to get his money back despite being demoted to business development.
YinYang,
The value of this company "is a joke" as you rightly say, BUT for one very good reason:Management in charge here ARE a joke!
The SP has been slaughtered through their own willful incompetence. Here are just a few recent examples:
1) Dodgy loan never repaid by Tideswell!
2) Dodgy share trading (shorting) by Tidswell despite denying it!
3) A share value destroying boardroom coup (by Tideswell) just when shareholders were expecting news "at last" from Brockham!
4) Told to expect a testing phase at Brockham when we later learn that the Oil & Gas authority had NEVER even granted permission.
5) Late notification of no test followed by the announcement of a rushed garage sale of the "star" Brockham asset!
I could name many many many more!
If any of the above sound like the business decisions of a fully functioning, professional, trustworthy company in which to invest YET MORE MONEY, then HONESTLY you deserve to lose everything IMHO.
The reason the SP has dive-bombed has nothing to do with upset employees or even shorters... and everything to do with the fact that this company is quite simply:
UNINVESTABLE.
wealdpowr, the value of the company is a joke, it has been shorted not by PIs but by large upset ex/employees I believe. Who else would want to sell at this price?
He has? First tell me what he did and why he was removed? And then explain his penance.....and why his loan has not been paid back. Harlot? Coming from someone telling lies for profit, I guess you would know.
Yes, a really bad case of shorters taking the P. Not PIs though. Just look at the recent Director buys, they know the score better than anyone.
Whoops, that was meant for BMN, LOL!
Amazing to think this was 16p not long ago
I bet Craig bought in low, maybe he is posting here in disguise. Can we have a full investigation into bias of Admin controlling these boards please LSE.CO.UK?
JTP has done his penance, leave him alone. He founded Angus Energy, you harlot.
YinYang - you can't cover up JTP's bright and shining lie. Keep trying though because it is mockable and maintains the entertainment value.
mannnan, well spotted, anything else to contribute?
New low
The application for the EWT is supposed to be completed before end of August. Lucan will not look good if he fails to deliver on that promise, however I hope he may have an ace up his sleeve to get the authorities to fast track the EWT considering the balls up made by Vonk. Hopefully the WSCC will be sympathetic.
***
Balcombe Update
The Company is pleased to announce the extension of the Second Term of the PEDL 244 Licence to 1 July 2020. Furthermore, the partners in the Licence convened on 23 June 2019 to formulate their plans for an extended well test at Balcombe and a planning application to that end is already in the process of preparation. The application is expected to be submitted to West Sussex County Council before the end of August.
Only £42k worth of shares traded for the entire day and the SP drops 4.44%. Like I say, why sell now at an all time low if you are a PI? Something more sinister happening - definitely. 1p and we'll see.
The Market Cap. is now just £5.7 million. Whatever anyone says, this is seriously undervalued on the understanding that the plans at Balcombe and Saltfleetby come to fruition.
And Tidswell has paid dearly for his mistake as he has lost a hell of a lot of money on his holding.
Yep. He can always tell himself I don't mind losing a £15m paperloss so long as it only costs me £75 I won't lose any sleep over it :)
YL, I agree, it is not PIs forcing the price down daily, it is probably somebody who holds a grudge with a large holding trying to embarrass the current BOD and so far they have succeeded.
There are far worse AIM companies than Angus, yes, mistakes have been made in the past like a cowboy company but the cowboys are no longer here.
I've lost a lot of money here like most YinYang...
I predicted 1p a while back (taken longer to get there than I thought) but I certainly don't intend to buy back in and waste any more. If there are traders in our midst, I think they would have sold out by now like Will... and be watching from the sidelines to see if Lucan can offer any GOOD reason to ever invest here again?
Nothing has convinced me so far!
I don't know how it works if a major holder lends out shares for shorting but that looks like what has been happening. No PIs can short this as a CFD or spreadbet.
My finger is twitching over the buy button. Will buy if this drops again tomorrow.
Another new all time low today. Well done, soon it will fly again. Carlos and Patrick didn't buy £20k and £25k worth to be throwing it away. It's like one big game being played here to lower the SP to 1p just for the hell of it.