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Rat, to answer your question. It tells me why the mcap is £5m. It does not tell me what the mcap will be tomorrow! It also does not tell me if the legacy assets will fail or whether Saltfleetby will be a success. Glass half full or glass half empty.? I see a potential £20m mcap and can afford to be patient and see how it plays out. GLA
In fact, that's what yours truly did.
Got caught out by the Brockham RNS of 28/06/19, but it was only for a modest sum, so have since averaged down.
whereas those who have since averaged down held back in reserve some of their fire-power.
Suspect some of the former rampers who've since become derampers put too large a percentage of their portfolios into ANGS, but that isn't ANGS's fault, that is the fault of the investor.
Rat , so you are saying not to read rns’s which are supposed to be legally accurate. You clearly rely on a more accurate and reliable source, lol. In contrast to your scathing analysis I approach all Aim-stocks with my BS Meter on. I look more at the mcap than the sp. I read 3 years worth of RNS’s. Look at the charts. Then I start to build a holding. I tend to sell half on a double. I have already moved my Alba b/E to 0.13. The vast bulk of my assets are in retail funds - infrastructure, gold, healthcare. I recently sold Thor at 1.35 and re bought at 1.15. In contrast I screwed up on Tullow but not too bad as b/e is 22 p. A lot more to investing than this share. As I say it is a game. Win some lose some. But you need a strategy and it is pretty unhealthy how some sad acts behave on this board.
Rat, suggest you read a few RNS’s and change your glasses. You see half empty and falling, I see half full and give benefit of the doubt. The difference is that I started a business from scratch 25 years ago. You constantly need to refine your plans and bumps in the road are to be expected. You see those problems as catastrophic, I see resolvable hurdles.
Rastuss, business is indeed a game as is investment. You will need win on every deal or every investment but sound planning and strategy is essential. I have been transparent in my strategy - which is to make money. When challenged for a similar strategy to make money GK ran for the hills and filtered me. Great strategy Gk, lol! Similarly I have heard nothing from you. All we hear is moaning. Ok so **** happens , have a moan, but then come up with a plan to get even and then make money. If you are here for any other reason than to make money you are wasting both your own time and everyone else’s.
Disappointing reply GB but hardly surprising. You are so sad that you can’t see it! I never filter anyone.
I was unfortunate, like many here I suspect, to be caught out by that despicable liar SS at UKOG. My strategy, as I stated on the UKOG board, was to sell UKOG at just over 0.2 and but Alba at 0.15. If Alba hit 0.7 I escape unscathed. With investments you win some and you lose some but you have to treat it as a game and move on not constantly posting as some do here. I guess I am lucky in that I never invest more than 1% of my holdings in an AIM stock and can thus be more relaxed than others if it goes wrong.
Gkb47, as a long term holder I hear you but I strongly suspect that the plight of the assets was well known within the company well before the RNS data hit. The abject failure was the the root cause of the change of management albeit the sp tanked later. The new management are trying to go in a different direction and hopefully will be successful. Similarly the legacy assets still may surprise. I have invested at the lower sp and am hoping for 4p to break even and given NAV forecasts for Saltfleetby I believe I have a fair chance of escaping unscathed. In contrast I see little to be gained by your constant moaning. The objective here is to make money . I have stated my strategy what is yours? If all you want to do is to moan it is just a bit sad and pointless. The same can be said in equal measure to many of the sad act derampers here - get a life!
Rastuss - I've glanced at your posting history trying to figure out that very question but it leaves me with no clues. If I read through the 177 posts you have made on Angus in the last 30 days will it explain why you are so obsessed about the company?
I'm not asking you to justify your opinions - each to their own - I'm just trying to work out why the obsession about a company you are not invested in?
Rastuss - I think everyone on this board - for or against the company - are completely bewildered as to why, as a non investor, you dedicate so much of your life to this chat board? You are on this board all day during the working week and pretty much all weekend too. I for one don't get it. Why are you so obsessed about the fortunes of Angus?
Genuine question, nothing personal, I just don't understand the mindset of someone to behave this way?
Gkb, each to their own. I respect your views, I just cannot understand it.
Maybe is the way I see things. You have every right to post what you like here ... just like me. I simply made a point that suits my point of view.
TBH I don’t understand how somebody can have a holding here ... have an interest and yet be so negative.
This is AIM. As I said earlier Good Luck.
Gkb, yes I do.
Life is too short. If you think there is no hope here ... sell and move on. There are better placers to be.
Like you after Brockham I was really ****ed off.
But this is AIM all companies are generally the same ... one will be struggling to name one company that didn’t go all they way up (some to the stratosphere) only to come back down again.
You can moan and complain all you like ... it is what it is. You don’t like JP-T and LL, don’t waste your life here.
I happen to believe now that there is a play here, the Poundland gas as you call it will pay off. That is why I adde to my huge investment here.
They life of me I cannot understand how one can have money riding on this and be so negative. Good luck.
A lot of the detractors shuffled off to a rival site, where they had the very good idea of creating a new thread.
Because I had already filtered the creator of the thread, it is the whole thread that is filtered :-)
Crocqman, no point in trying to get sense out of these guys with obviously an axe to grind. They own no shares, they are not short any shares, and yet they are posting 24/7.
All the bad news are out and there is only one way for the share price to go. Let them have their fan talking to themselves. To me this is an opportunity to further average down and increase my potential gains.
You do realise that an (E)GM is an Extraordinary General Meeting (and not Emergency, as seems to be implied by the responses I can see)?
I know it is, Rastuss. I was amused at the sheer chutzpah of Georgie quite deliberately leaving the E word out. You're quite right of course - there are quite enough obvious emergencies surrounding ANGS at the moment, without everyone's favourite peer of the realm adding to that in print.
PS does "stale bulls" in Lucan-speak translate into "genuine investors who put their hard-earned into ANGS in good faith but who the company have over time continually and severely mugged off?" Perhaps that's one for the Investor Questions?
Well Rastuss, the way I read the (it's not an E) GM (honestly) resolutions put forward for approval, if approved, ANGS could issue a further 357 million shares or so for placing/raising cash (50% of the amount that could be allotted).
However, it's already known that the BoD has a more than keen need for cash - I mean why else agree to "buy" the Aussies out of Holmwood? Because IMO that "purchase" got ANGS some much-needed short-term cash in exchange for assuming an IMO far more substantial future liability. Hang on, doesn't that deal sound more than a bit like Poundland Gas? Anyhow...
The point is that the market in general knows that ANGS needs to raise funds - so what amount do you reckon those 360 odd million shares would raise if a placement was attempted? Not very much at all, even if the offer was fully subscribed (which I doubt it would be). It'd be a clear fire sale.
Hence the absolutely crucial importance to ANGS of getting those equity loans over the line - getting Resolution 1 approved is key to that. But either way, there looks like there's dilution a-headin' down the track.
AIMO DYOR yadda yadda etc etc.
Agreed Rastuss. On the basis of Occam's razor - i.e. the most obvious explanation is most likely to be the correct one - one would have to assume that this latest and non-AGM related seeking of for authority to create double the number of shares currently in issue simply must be connected with getting the new loans over the line.
Nothing else would make sense.
The matter will be cleared up as financing should be in place well before the GM. Croqman makes sense.
I was commenting on the point of looking to gain the authority to issue new shares as being a standard bod action.
I was not referring to the calling of a GM outwith the AGM as being a standard action. Unusual, yes, but not uncommon to do so either.
Different viewpoints. The reasons behind this will be known in due course. An IQ could be raised for clarity ahead of the meeting, or after if not satisfactorily discussed by the bod at that time.
In or out on this issue will be a personal choice for shareholders, or potential investors, just like any other aspect.
Good uck whatever anyone decides
HITS,
We know the board are looking at opportunities. Perhaps, the potential success at SFB will accelerate plans for similar opportunities to grow the company quickly, perhaps even a takeover or JV with a larger entity?
All conjrcture, of course.
Much for the many to debate/dissect
Precisely Croc... as as you say, seeking such authorities at AGMs is both standard and prudent practice.
However and as I said in my recent post attempting to clarify the meaning of the resolutions seeking approval, looking for an authority to allot *double* the number of shares currently in issue is mildly surprising and unusual, to say the least.