Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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HITS
Fair play, I ticked up your post but we'll agree to disagree, maybe it's somewhere in the middle but for now I'm happy to be invested and being a cynic I also believe 'others' knew this was about to happen, hence the volume spike yesterday and the day previous.
All the best mate
Tygra, my point remains that although 41 million shares sounds like a hell of a lot, it only amounts to less than £600k. That's still very small beer for institutional investors of almost any size.
I certainly agree that the volume is not related to loads of smaller PIs suddenly deciding to bail in or out. However, the volumes involved look much more like professional short-term traders regularly dipping in and out in mid 5 figure pound note numbers, rather than anything else.
And as if by magic, the message I posted last night mentioned PREM, who is also awaiting news but they have a massive 22 billion shares in issue compared to Angs 1.36b. Their volume was 99 million in total yesterday, ANGS was over 110 million with approx 1/20th of shares in issue and even less available to trade from the free float.
Well, looked in on PREM and in the first hour and a half they are now approaching 150 million shares traded! So is that PIs all dumping as if connected by a subconscious matrix or do you think it's actually an accumulation in anticipation of news?
Wet testing is upon us, the well and all connections are above ground. This test will be sorted quick, the structure will be signed off as safe, and ANGS will turn on the tap at one end and collect pound notes at the other end.
My 'guess'.......An offer for SFB and/or the company as a whole will be on George's table before July. Whether it's enough to get him to take the lid off his fountain pen remains to be seen. Personally, I would only sell if it's at a significant premium because we are in perfect storm territoty bringing cheap UK gas online in the run up to winter in the UK and europe.
Let's see what the cat drags in
HITS
I have seen countless times, institutions accumulate positions to stay under the 3% notification bracket. The volume is not private investors all deciding from their living rooms to dump shares they've held from 1p because now they can get 1.35p a couple of weeks before 'expected' first gas and/or a complete company sale.
3% of 1.36billion is approximately 40,800,000 shares. For those who don't want to show their hand for whatever reason that is still a hell of a lot of shares to hold if the underlying price doubles, triples and so on in a short space of time.
We know news of a positive nature is due, we also know that all of a sudden heavy volume in large round numbers has appeared on this stock. We also see countless delayed trades which PIs can't do. If you or anyone else believes PIs can delay their trades from publication, I challenge you to do so and inform this board before hand.
The suggestion that immediately prior to company changing news, after years of planning, construction and development, PIs with large holdings and those who participated in placings have all decided to dump their positions a week and a bit before first gas is ludicrous.
This is institutional money being thrown in the pot. It may not be Vanguard and Blackrock level but there are thousands of smaller funds and private equity groups out there perfectly happy to take shares in junior UK companies. TR-1 forms could drop next week if one such entity acquires more than 3%, whether it does or doesn't the gas is about to flow and there are numerous eyes on the prize pending potential offers.
All the best
Focus on the sidetrack is hardly surprising, given how essential and material it is.
In fact, all those claiming that "debt will be cleared by year-end" are also equally focussing on the sidetrack in making the assumption that it will be successful, because without it, there is literally no way whatsoever that debt could be cleared within that timescale.
EOG and ARG are both on my radar.
At this stageits not about when 1st gas is achieved. It's all about the market's perception of ANGS. And being late by a few days is 'realistic', but ANGS does have a reputatiton of not delivering and lets be honest..... if you say that something will happen in 3 months, its not like your trying to predict an event 10-15 years in the future. You should be able to be 'reasonably' close.
So, being a few days late is fine, but being 2-3 weeks lte isn't.
And, again, the issue is the sheer inability to add a simply update on Twitter. If I haven't heard anything by 3pm then I'll have to take a 'risk' and sell with a view to catching a dip. After all, it's all about Compounding profits which makes the biggest prize.
And I've got my eyes on another stock which I'm hoping is going to begin rising in the next 2-3 months so can't stay here forever :-(
JTS, if you think people are" getting in on the cheap" it suggests you think the SP will rocket at some point, why not buy more "cheap shares" yourself then.
"A few days slip in first gas is really not an issue, does it matter if first gas is not achieved by 1st June "
Fine but it just confirms the very long running pattern here that ANGS are awful at estimating anything performance related. EVERYTHING is late with this mob
I still think all is good.
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So do (most of) the derampers, Yanis, otherwise there would not have been so much focus on the sidetrack.
James, in my opinion what we see now is normal churning of volume. People taking profits, there has been a considerable amount of shares issued well below 1p as well as a lot at 1p and a few at 1.10p.
A few days slip in first gas is really not an issue, does it matter if first gas is not achieved by 1st June but is achieved within the first half of June? No, the loan will still be on course to be cleared out by year end.
What knocks confidence off are the irregular Angus tweets. As I posted earlier, at this stage in the game Angus should be tweeting on a daily basis to alleviate doubts. If there is going to be a small slip in first gas (and IMO there will be) Angus should say so and explain that it won’t have a significant impact - transparency given previous history is essential.
In my opinion Angus will be in full production in June before the hedge kicks in. Any drop in the SP is an add/buy opportunity IMO. I still think all is good.
Hits you know the new rules on announcing holding. Mean we may not see a update on that for weeks. Come on. That’s a misleading statement.
Well, nobody's accumulating any sort of significant position (despite recent bizarre claims to the contrary) - simply because there have been no TR-1s issued.
There would however seem to be a marked increase in quick flip trading over the last couple of weeks.
Gl & co are deliberately withholding vital information so that some can get in cheap. Recent heavy and consistent high volumes suggest something big is coming. Wet testing may already have begun. no news on Brockham despite promise to the contrary. This ensures nervousness and some mysterious buyers sweeping all loose stock on the cheap and there is no RNS about material shareholders stakes going up or down. Insider dealing comes to mind.
And sI'm really not sure that someone such as yourself who slavishly hung on every nonsense word from one of LSE's most obvious disingenuous rampers for months has a particularly strong position from which to talk about low IQ and and an abject lack of perceptiveness...
But hey ho, each to his or her own.
Stop with the negative waves! 10p+
I don't see much chance of breaching 1.5p at all, especially as there's been no further announcements from ANGS on Twitter regarding progress.
They should be able to report progress on the completion on the rig, if only to give a clearer idea of the anticipated completion date. It should be absolutely possible to predicate that at least?
If there's no updates today, it leaves everyone hanging over the weekend and puts us into the last week of May. Not really a good sign at the moment for achieving First gas by beginning of June.
I really want this to spike above 1.5 but concerned no news and delay is actually going to push the SP down below 1.35-1.325 gain. And so I'm stuck with the nagging feeling I should take what little profit I'm holding so I can buy back in lower.
Anyone got ANY news about progress????
Lol Sand dune keep it up lady
You know how much my investment is here as I mentioned it about a week ago (increase in value into the £40,000's now obviously
Pray tell how much you have invested here young lady...................
My my some are negative on here this morning. One day closer. Unreal. If your over exposure is worrying you that’s time to reduce and relax. Gla
Seriously RT003... what are you talking about? It seems you've either Qanoned yourself, or you simply can't shake off your worship of your previous guru. Conspiracy theories... never a good thing to fall for.
Yanis 10M of those reported late trades was simply spread bet uncrossing
Ohh look lol Mk3 has turned up
Ruth dont forget I've met you. You might fool one or two on the subforum but nobody with an IQ in excess of 17 will fall for your agenda
How is the £560,000 cottage by the way lol
Why so grumpy. Happy Friday.
"Ruth and her multiple alias druids..."
Dear oh dear. I thought we'd got past the green XR activist nonsense, but obviously not. RT003 is clearly committed to keeping the memory (and idiocy) of his erstwhile hero Gideons alive. Who knew he was such a fanboi?
Oh look Ruth Mk4 is up early today.....