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Bravo BBC, finally providing a correct story about the Weald.
Yanis
I'm really surprised at you.On what evidence do you base the improvement in sentiment on?-please dont be deceived by the infantile ramping of day traders who will pump and then dump this stock for their miserable 10%.This isnt an authentic change in sentiment.
If sentiment has changed,why has the share price fallen again for days on end?-we are still below the June 28th share price,and there has been no recovery even to that abysmal price,in the aftermath of the Brockham catastrophe.
Fundamentals are dreadful.Andrew Hollis stated in the CC that Balcombe would only produce 300 bopd for Angus,and that will not add much value to the company at all .Also,they haven't even submitted a planning request to West Sussex CC yet!-hardly a display of inspiring drive and efficiency is it?
Anyone ever known a swampy to tell the truth ? is lying just a way of life for them ? My God ! They are a desperate bunch.
https://www.facebook.com/notes/frack-free-sussex/urgent-please-contact-the-bbc-to-challenge-this-outrageous-misinformation-broadc/2375535275875177/
I think people haven't caught up yet with the slow, gradual improvement in sentiment since the Brockham fiasco and the subsequent drop in Angus SP to ~1p.
Angus sentiment is indeed improving ... and in all likelihood is upwards from here.
I am still holding all of my shares and I now have a strong belief that I will be recovering most if not all of my losses.
Just a reminder of the positives that happened since Brockham:
1. The SP dropped to ~1p, rebounded and has now formed a very strong support base in the 1.2p to 1.3p region. The trend is now upwards.
2. 16-Jul-2019: Angus Chairman purchased 1,515,152 shares at 1.65p - worth £25,000
https://www.lse.co.uk/rns/ANGS/angus-energy-plc-director-pdmr-shareholding-boefrbvc31gap2k.html
3. 17-Jul-2019: Angus Finance Dir. purchased 1,080,109 shares at 1.829p - worth £20,000
https://www.lse.co.uk/rns/ANGS/angus-energy-plc-director-pdmr-shareholding-qn6uixygti1naqj.html
4. 10-Sep-2019: Investor Rubert Labrum files TR-1 for 16,641,525 shares - 3.08% of Angus
https://www.lse.co.uk/rns/ANGS/angus-energy-plc-holdings-in-company-f23way5hw12ugek.html
5. 17-Sep-2019: Angus MD's spouse purchased 1,455,798 shares at 1.367p - worth £20,000
https://www.lse.co.uk/rns/ANGS/angus-energy-plc-director-pdmr-shareholdings-i27iq3yhxl3gzz7.html
The angus BOD put their money where their mouth is and a big investor agrees with them. The above constitute a very strong vote of confidence by three members of the Angus board (who now have aligned their interest with the shareholders) and a big investor. What they are implying is that the current Angus SP level is very undervalued.
In my opinion the current SP level is in the buy zone. It should be upwards from here and when the time comes, as always is the case in these situations, the upward move will be swift, particularly as FOMO sets in. IMO.
Thanks Charlie. I think Ocelot will be proved right in his last post (20:37). Balcombe application should be going in soon.
I don’t see Mrs L buying £20k’s worth as being that much of a positive. My average here is 15p, can’t see this 10 bagging any time soon for me to break even. As far as the Lucans are concerned even if the share price recovers to 1.5p it better than interest in a savings account. If it drops, it can’t have much further to fall, and any loss could be put towards a capital gain elsewhere, so the risk is limited.
The "danger" is that when the price does shift upwards, it does so quite sharply, and a lot of us will be left kicking ourselves for not having bought more at these levels!
Ocelot, I now believe that we are going to see a gradual appreciation of the SP. We will have a spike when the Balcombe application is filed, but the trend should be upwards from here. Lucan’s wife buying £20k worth of shares is a big positive.
Best wishes, Yanis.
Would be nice to see the price shift up a bracket, from 1.00-1.50p to 1.50-2.00p.
The application re Balcombe can't be very far away now.
The SP has formed a solid support base in the 1.2s.
Now with the Lucan purchase sentiment should improve and looks like it has improved.
The Lucan purchase is indeed a vote of confidence, some may try to dismiss it as a small purchase but nobody throws away £20,000 if they don’t believe they are going to get a good return.
I am dozens of thousands of pounds down. Initially after the Brockham fiasco I was fuming, I didn’t want to touch Angus again with a barge pole, even though I am still holding all of my shares and in huge loss. Now with a cooler head I can see that the recent change in events has moved the goal post and is is encouraging.
I now believe that the current SP level is an excellent buy opportunity.
I now have hope that the SP will appreciate enough for me to recover my losses and make some profit.
As some would say JMO.
Turning point in sentiment?
https://www.lse.co.uk/rns/ANGS/angus-energy-plc-director-pdmr-shareholdings-i27iq3yhxl3gzz7.html
About £20,000 worth, not to be sniffed at.
Lucan now has skin in the game. Aligned with shareholder’s interest.
We should now see a reversal in market sentiment and an upward trend in the SP.