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"because nobody really believes a word the BoD says - whatever they utter (even via an RNS) is questioned and treated with the utmost suspicion. "
This bit in rxdav's comment grabbed my attention . As a LTH, I was a victim of misrepresented RNSs and I have my doubts about the way Angus dealt with Brockham & placees offloading all of their new shares to the market (because of inside info. - imo) which crushed the sp.
However, Balcombe and Saltfleetby are very different to Brockham . Balcombe can flow and Saltfleetby already been in production unlike Brockham and most importantly their figures were given to Angus by Halliburton in Balcombe's case and Gazprom /Wingas so there shouldnt be any doubts about the authenticity of these figures.
Balcombe : Paul Vonk saying the flow test results were given to Angus by Halliburton: https://streamable.com/yupdt
Saltfleetby : George Lucan saying that the gas field figures were given to Angus by the previous owner https://streamable.com/zdy4p
*As a LTH my aim is to cash out with minimum loss but new investors/value traders holding at 1.5p (Mates sp rate) could easily double or triple their investment from this level with "almost" no risk - imo.
It's been pretty tough for shareholders for quite some time, we can all agree on that.
Personally, I'm hoping things can now, progressively, pick up.
Best wishes to one and all.
YL: Well said - a very balanced post I reckon - considering your/our situation. But that's why I'm so determined to do what I can to fight back - otherwise this type of thing will just happen over and over again. Might not succeed - but sure will go down fighting - and as a minimum take a few with me I hope. GL
A) I don't think any LTH's were impressed with ANGS relations with the Council... there again, having made several planning applications myself and knowing the system and how frustrating it can be at times... I don't hold ANGS "entirely" responsible there. (There, you have it on record: something I don't blame them "entirely" for!)
B)JTP has been a thorn in this company's side from the off, but we were already SUPPOSEDLY poised for Brockham news when he went "off on one" again!
C) You could also add: The ousting of Vonk and change of directors which came as a sudden unexpected bombshell... although... once again... we were still all holding for Brockham at that time...
And as many here are fond to point out to frustrated LTH's (like myself) "you only ever lose if you sell". Problem is: that's great advice if the SP has dropped away by 40 - 50% even... but most LTH's here are now nursing 90 - 95% losses and there seems to be little point pretending we are ever going to see 10p and upwards ever again with current management in charge here.
I count more chances than that, YL. There was:
1/ the difficult relationship with the county council over Brockham;
2/ last year's shenanigans re JPT's loan arrangement and the sale of some of his shareholding;
3/ you mention Lidsey, which I haven't really followed;
4/ the Brockham RNS.
Speaking personally, Ocelot...
I gave them the benefit of the doubt at Lidsey... but NOBODY can honestly take them seriously with a third chance after the Brockham fiasco?!?!
It will take some "genuine" signals from the BOD to start to rebuild trust and a good first and second start would be:
1) Aligning themselves with shareholders by buying shares WITH THEIR OWN MONEY!!!!
2) Getting JTP as far, far, far, away from the company as is humanly possible - to send a very clear signal that market abuse WILL NOT be tolerated by the new BOD and to draw a line under the company's shady past.
ocelot: Great question - and sooooo obvious when you look back - wisdom of Solomon / hindsight etc. However, if every PI sold out at the first sign of trouble anywhere I doubt there would be an AIM market (now that's not a bad idea!?) LoL. Could say the same about investors in CLLN, FLYBE, INV, DEB etc. etc. - and they are big boys - even II's get burned sometimes (though admittedly not often enough to keep us PI's happy perhaps!?).
What I don't understand is why, if ANGUS is a "serial offender", PIs remained invested in the stock until Brockham, why didn't they sell at the first sign of trouble?
...or (more likely IMHO) If ANGS are allowed to... they will gratefully sh*ft another bunch of investors (diluting them to kingdom come along the way) with yet more idle promises they have ZERO chance of fulfilling!
Watch what happens when (and I mean WHEN?????) the so-called August planning goes in... LOL :-) See how the council respond and what conditions are attached... then while away the weeks and months until Lucan comes knocking for another placing to pay their wage bill...
Serial offenders like ANGS BOD need to be brought to book and prevented from ever darkening the doorsteps of PI's ever again.
Adam07: You miss the fundamental point/s - whether unknowingly or deliberately I don't know. It wasn't the fact Brockham was a duster - it was the way it was hyped to be having an EWT 'imminently' (after multiple delays - which invariably moves the market) - to then be told (four days later (not weeks or months)), sorry, no EWT, no flow, no Foxtrot Alpha - oh, and by the way we're in negotiations to sell it - how the hell can that happen legitimately? That's notwithstanding PV and star wars, turn the taps on and Captain America etc. - I could go on - for a very long time. I can only guess you don't really know the actual history here?
While I really feel sorry for all the people who lost money here because of Brockham but the idea of winning class action against Angus is laughable. Anyway, class actions take years in courts and by the time this one get reviewed, Saltfleetby and Balcombe will be in production and the share price very likely to be back in 7-10p
ChasPB: I suggest ANGS and RBS have marginally different MCaps and consequent resources upon which to draw - so I think that comparison is somewhat fallacious. I would suggest you maybe think Quindell if you want a more realistic parallel. As Scally said earlier - if ANGS actually do succeed (and I'm doing my very best to keep a straight face here) then their profits, MCap and SP should consequently rise - making them better resourced to pay compensation - in other words, it's a win for both. I want the square root of diddly squat involvement with ANGS henceforth (just buying 10 shares today to enable me to evidence my losses grieved me) - If and when I get compensated you won't see me for dust - if I don't - same applies. Inside leg measurement 34" - in case you were wondering!?
CHASE, Great sensible and appropriate text , but gambling dreamers and speculators are bent on doing what they are good at to dream a rosy non existence pile of profits.
My thoughts turned to class actions by shareholders v. RBS started I think in 2008/9 and started to settle out of court 9 years later. if fact I believe it may still have some way to go yet,
The Shares (from mis leading information in a rights Issue) dropped from £2. per share to 12p per share in 5/6 months, and eventually there were some 5 different Class Actions groups. Out of Court settlements of different amounts with various Class Action groups (Some settling for 41p or 43p or 82p) in 2017/2018. but these amounts were nowhere near the £2 per share paid
These Class Actions were mainly funded by Institutional Investors, but Private Investors also had to make more than one contribution to the costs. This was partly due to the length of time it took preparing by the legal teams to go to Court.
Hence my last question to you of: if they do turn the SP around in the next 6 / 12 / 18 months (say 15p or 20p or 25p) what will you do then?
Therein lies the fundamental problem for ANGS henceforth - Adam07 has said exactly what many are thinking and/or doing - next to nobody is now looking seriously at ANGS as an investment. It's a trade, a flip - hot money in, hot money out etc. - why - because nobody really believes a word the BoD says - whatever they utter (even via an RNS) is questioned and treated with the utmost suspicion. As the saying goes - 'you reap what you sow' - and it seems to be harvest time here now - quite apt given the time of year!?!?
Ridden a few spikes myself. I don't blame day traders... just like pulling their legs (off ;-)) from time to time...
Ignore the noise mate, DHC shows up occasionally, buy around the bottom and sell for 20-30% profit while these losers are the permanent residents of this board, wasting days of their sad lives deramping Angus without making a single penny out of their never-ending negative posts.
Easy money to be made here, trade Angus and ignore the noise.
Kenny and YL so DHC is making money....hmmm. Can I ask how much you are up here? DHC at least seems to know what he is doing.
ChasPB: What if we're invaded by aliens - crikey - I'm not psychic (clearly - I wouldn't be here if I was!?). The whole point of third party funding is to remove financial liability from individuals within the class action - and I suggest legal firms only take on such cases as they believe are eminently winnable. However, to protect myself I have made it crystal clear I am a participant solely on the basis there can be no redress downstream against individuals within the class action under any and all potential circumstances and scenarios - including the one you allude to. In case you were wondering my blood type is A+ !?
Haha good one YorkshireLife ;D
If DHC says 2p... for the uninitiated, this roughly translates as:
"I have bought back in (again) at 1.50p and am looking to exit (again) at 1.70p on the next spike..."
RXDAV, The courts are clogged up. i suggest the timing maybe a question you may want to ask.
Also if ANGUS win the CC and want compensation for costs etc, will your 3rd party funder pay up?
Just because your confident with your legal team doesn't mean they wont have the same confidence with theirs.
And as i ask if they do turn the SP around in the next 6 / 12 months what will you do?
ChasPB: Unable to answer your question for obvious reasons - it would all be hypothetical (as is most of your question). What I can tell you is that I have an undertaking (in writing) that I will not be liable for any costs irrespective of the outcome of the litigation. Scally: - no idea how long this might take - but I can tell you it's moving literally as I type - just have to wait and see eh?
Yes, on holiday
best case scenario. Angus do well with the assets we have, were all making a mint, the litigation case comes and Angus are rich enough to pay compensation. don't even fight it. everyone wins.
now thats me for today.