Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yanis
There must be a reason they have to sell or have chosen to sell. Personally I'm not bothered because I'm here for first gas and a (hopeful) sale of either our stake in SFB or the entire company. I don't want to stay invested with GL at the helm and I believe a mid tier company with North Sea assets would be a good fit for us based on our location and tax losses that could be used to offset some of their profits.
We are very close to significant income, I'll stick around and see what happens when we actually start producing after years of construction and development.
I'm not expecting an RNS until the hydro test has been completed and signed off. That 'should' be a good point to rerate the share price.
All the best
Yanis, maybe a buyer for the company doesn't like major shareholders sticking their nose in any deal, who knows the plot thickens.
We are not down 9%. These are not the Droids you are looking for.
HITS, you still got your head above the ground, scratching for a meal?
The SP might be lower than some hoped, BUT, you do not know what price people brought at......no need to be so negative my old fruitbat, life is too short.
RT, I haven’t reported anybody, not even Gideons. If you address me again as “betwetting” for expressing concerns you will be reported.
Yanis you're bedwetting again.
Relax fella nothing is remotely wrong in fact quite the opposite
HITS, a single organisation holding too much influence over the board isn't good in my book, never mind you can buy some shares instead of just chatting 7 days a week which is very very very sad indeed.
BV/Tygra, somebody has been buying large chunks of shares yes but the more important think is that somebody is still selling large chunks of shares - why is that somebody selling so close to first gas?
G.P. bailing out is not an issue that can be ignored. Angus must issue an SFB update urgently.
I emailed them to do so and I suggest you guys email asking for an SFB update too rather than trying to put a positive spin. I can see nothing good in the TR-1 RNS.
Hits Another very misleading statement.
Well, if people want to close their eyes to the fact that a single organisation that has held over 12% of ANGS shares for a considerable time first decided based on everything it knows that fair worth for those shares was 1.5p of SOU confetti each...
../and when that didn't come off, decided based on everything it knows that what, 1.2 or 1.3p of real cash per share was something worth taking - and yes, at this precise moment in time...
...that's of course up to them.
SP down to 1.20p and falling - very disappointing . I just emailed Angus requesting a Saltfleetby update.
Tygra, excuse the pun but well said, spot on.
Someone has been buying those shares in large blocks. It is happening again today and Jersey concluded their sales last week. If there was no market to sell into they couldn't offload such a large amount.
We will see who has been purchasing at some point. Until then, we have oil being sold and gas soon to be on the market at full price until July. It's only the 23rd of May so we have a week to get this hydrotesting squared away. Then we should have an RNS stating a successful test and sign off by the OGA/HSE people followed by the 'we are pleased to report first gas has now been achieved from SFB'.
After that, a full month of unhedged income to hold in the coffers while we await the plan for the sidetrack (if we haven't been sold beforehand).
All the best
Tygra, the 40bpd is just for starters before higher flows plus the sidetrck may produce a further 2 to 300bpd who knows. Either way it's better producing than sitting dormant imo.
Yanis stop fretting, breath in breath out lol!
Need large gas production for the price to appreciate from these levels.
Large institutional selling, opposite of what we have been assured has been happening by the happy rampy crew, is always a negative sign, though maybe ANGS will prove the exception to the rule. More likely to stop out nervous longs below 1.15 before the recent highs are taken out. Getting interesting.
tony
ANGS have 80% of Brockham so it's 40 bpd to ANGS mate.
All the best
GP (Jersey) Limited's disposal declaration can always be mirrored, in part, by a buy declaration: let's wait and see.
Guess you best keep your head in the sand then...
Is not looking good - the SP is falling, down to 1 MM at 1.25p bid. It really needs an SFB update.
So currently 50 barrels per day is roughly a revenue of £1.8 million and the plan is to double that. Excellent news.
Well...
One organisation very well connected with the company over a significant period of time doesn't seem to think this is the imminent, 120%, cast-iron, nailed-on multi-bagger opportunity that several on here try to make out. One cannot help but wonder what their forecast is for all things ANGS and why it's led them to sell up and move out, when untold riches are allegedly just around the corner?
Weren't GP Jersey ANGS's single largest shareholder by a fairly long way?
I wonder what the minor additions are to optimize production at the re-injection well ?
If jersey have been selling here and buying Ceg who have 400bopd production and £1.57m cap compared to Angs £18m cap how much upside do we have with the gas field as the brockham production a poorly 50bopd
After today’s TR-1 RNS we urgently need an SFB update. If not, the pressure on the SP will persist.