Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Holy cow...........!
am I gonna be rich.........! :()
All the best (where's the news..........? :()
Yeah in about 5 days as this bloody thing will drop on good news!
So true Phil! be nice to get Balcombe on track though.
Not bothered about news anymore on here as dosnt matter for the price, herd mentality will be much better for price with rumours!
Now just gone 4v1. About to move up again
050 paid there.
Just another penny to go and I’ll break even lol
Getting stronger. Something going on imo.
Up 25% today, news incoming?
Russia targeting ukraines oil and gas depots will cause gas price to increase .
6th biggest riser in the market but, for the present, in modest volume of 2.7m shares.
Thanks noelpbz.
It's already moving up scoredagainsteps - average price being paid has risen over the past week to 10 days. Can now sell above .40
Something happening?
GOT a feeling angs will start moving up double by sept
Sorry - I will gate it right NOW - 0.1400mcm/day.
Read that as 0.01400mcm/day
Clive - Circa 50,000 therms/day is the current hedge requirement - ie ~ 01400 mcm/day for which Angus currently receives 0.3560pence/therm.
The balance/day- for which Mirasol has provide the figures - is sold at market rates. You can do the revenue.
"Oil prices lower after Iran attack on Israel"
"Prices had already risen in expectation of action by Iran, with Brent crude nearing a six-month high last week."
"Energy analyst Vandana Hari said the fall in the price of oil meant "clearly, the oil market does not see the need to factor in any additional supply threat at this point."
https://www.bbc.co.uk/news/business-68812949
They're smart boys, these commodity traders.
How much revenue does this translate into?
The chart I've found seems to suggest gas prices have bounced over the last week - up 10% according to https://tradingeconomics.com/commodities
Doesn't normally translate to a good time for oil stocks FormerlyeasyP, it is linked to hostilities between Iran & Israel, a typical global influence, which often also causes tin hats to be worn as folk run for the hills...
Personally don't think it is quiet there as yet, and hopefully not at all, but in this fastest finger first world we live in today, anything is possible.
Oil on the up, I would expect the oil & gas sector to enjoy a decent week. ANGS not so much....
02-Apr-24 0.1929
03-Apr-24 0.1910
04-Apr-24 0.1928
05-Apr-24 0.2034
06-Apr-24 0.2018
07-Apr-24 0.1934
08-Apr-24 0.1774
09-Apr-24 0.1701
10-Apr-24 0.1960
11-Apr-24 0.2021
12-Apr-24 0.2036
Ocelot: C4X is in a very different sector and appears to have cash equivalent to its market capitalisation. Doubtless it’s got issues (I haven’t looked at it thoroughly) but it doesn’t appear to share many characteristics with Angus, does it? I think the principal problem with AIM-listed resource companies is that the money they raise when they initially list on AIM is grossly insufficient to exploit whatever interests they have and they have to keep on coming back to the market, sometimes several times per year, for more money. Then it’s still too little. Meanwhile their Directors pay themselves frankly insupportable salaries and perquisites. They often fail to regain their listing price and, in spite of support by mugs in the shape of “averaging down”, “it would be rude not to have a few”(!) etc., they end up at a tiny fraction of their initial price. Some, admittedly, have a spike or two which do provide good opportunities for dealing profits but these hardly justify the listing.
I hope this company gets the support it needs to get it over the line. Other decent companies may follow suit and AIM may eventually consist of a lot of unloved, untradeable dogs. At which point, I should expect the theoretical oversight by the FCA to be discontinued. The UK economy will be unaffected, there will merely be a lot of greedy barrow boys looking for alternative employment. Good luck to them with that - the skills they’ve learned here are not really transferable, are they? Ocelot?
Times, Business, pp48-49 - 2 quotes:
"The problem of weak valuations is behind C4X's decision to take the company private at a meeting on Monday. Clive Dix, its chief executive , said: 'We believe we should be valued at 5 times, if not 10 times what we are and therefore raising money at 10 times the value would be much simpler. I don't think it's to do with the quality of the companies and the science. I just think that the environment, it doesn't work. There's no liquidity" ...
"Gervais Williams, head of equities at Premier Miton Investors, a long-term proponent of smaller listed companies, said ... 'The UK is cheap, but small caps are disgustingly, absurdly cheap' ... Nevertheless, he reckons a broad rally in UK-listed shares is coming, with the FTSE 100 index flirting with a record high. This, he believes, will result in a 'positive virtuous spiral' that will boost smaller listed companies. 'I'm more bullish now than I've been for 30 years".
Wow