Member Info for Bantham

Sure…..

I will go back to my previous position of waiting to see if it gets funding. Seems safest option.

But good luck to the investors in the meantime.

I bought against my better judgement a few weeks back but i have sold out this am. Business as usual here. Weak share price and very sizeable capital raise on the horizon. Very risky indeed.

At least i made 1p per share which is better than a loss.

That increases my confidence around this as it suggests low levels of hot money.

Again - my view is this will be a slow burn…..

Yes - good points sayj

All i meant was it feels like there’s plenty of time to build a position while you see how developments play out….. Hopefully that turns out to be a very short window of opportunity if things go well…..

It does feel oversold. Having said that, i think it will take a while to move as no short term triggers.

However, there are plenty of potential triggers later in the year which makes this so interesting. I really like the risk reward….

I should have bought more last week but thought it might stay weak this week.

Anyway, i now have 45,000 from a zero position in Feb. I’m going to keep topping up as we go along….. In fact, writing this has pursuaded me to buy some more :)

Thanks for detailed post.

I think this is very interesting and am also building . Bought 13,000 more this am - shows as a sale ( maybe explains why price is holding despite so much red ).

This is a long term hold - and i suspect no rush to invest and no imminent upward price triggers. Maybe that’s why price is stuck at these levels. But i like the long term story and it feels like there’s a great risk / return here.

Interesting how little interest there is in this. maybe i am missing something?

Looks interesting risk / reward to me too. Also have been buying since the Placing.

The only interesting thing in that feeble report was 2022 year end cash of £12m - which on the forecast burn rate is 6 months ( IE cash runs out 3Q 2024 as already signposted )

So that supports my view that they will have to raise in 2H 2023 ( or certainly by Q4 2023 ) whether they have good news or not.

the price target is meaningless and totally dependent on things that haven’t happened yet.

And i say this as someone who bought a bit last week.

Anyone saying this isn’t very risky isn't paying attention.

How do you calculate 97p as the value?

If something was ‘ cooking’ the price wouldn’t be at the historic low it first hit two weeks ago.

This is simply a bit of recovery in a devastated share price.

No - just 25,000 at 17.5p!

As i said it’s just dipping a toe in the water. I still think this is very risky. And I still wouldn’t buy in any size until after an equity issue or announcement of sales contracts.

I’ve been negative on this for months - a lot due to risk profile with equity raise on the horizon.

However, and it’s probably a mistake, but I’ve decided to buy 25,000 today on the basis that maybe the risk/ return profile potentially looking attractive.

However, i remain far from a believer on this ATM and my head tells me this is a silly thing to do…..

DYOR etc

If it’s really a placing that’s the best news we could hope for as it de-risks even at cost of huge dilution.

However, if that is happening my guess is 10p or below.

And if they don’t make an announcement today when there’s so much volatility then I am afraid it isn’t likely to be a fundraising. And that means no de-risking.

My guess is that it’s a general loss of confidence.

When the price keeps dropping more investors decide they have hit the point where they have to sell.

And there are no buyers because the company has blown up the investment cause.

Angle’s accounts must be very simple ( ie all cost and minimal revenue ) so what they should be doing is accelerating the results to get out the best messaging they can before we get into single figures.

IMO DYOR

That assumes that there is good news around the corner. But Angle made it quite clear that is not the case on 5th January. Take note of the comment: ‘ expects 2023 to be a further year of progress for ANGLE in preparation for rapid expansion , whilst recognising this may take longer than previously anticipated’. In other words, AN who has waxed lyrical previously about the huge scale of the opportunity told us in January to wait patiently. And i read that as saying we need to wait till 2024. And if it’s that long away, and with this company’s track record of extreme hype, that sounds flakey to me.

And in the meantime they are burning through that cash you are relying on - even if they have cut costs to extent the cash runway.

No Board wants less than 12 months cash available for very obvious reasons of prudence. So it’s inconceivable that they won’t want to raise equity this year. The problem is from what i read that they are unlikely to have anything of real substance to drive up the share price in advance of that.

This is a very risky situation. If you don’t believe me just look at the share price.

I will not invest back into this until they are funded. If i miss out on a rally because a rabbit is pulled out of a hat, that’s just fine with me. I will happily invest later into a de-risked situation at a higher price.

It’s been barking loudly for quite sometime but now it’s impossible for anyone to ignore.

If you can buy this at 18.5p maybe that’s a message that you should avoid the temptation.

If no-one can give a view on revenues I am afraid the share price has further to drop.

Thanks for the interesting colour.

Do you have a view on what all this means for possible revenues in 2023 and 2024?

In fact if you re-read Going Large’s posts over a long period he got it completely right in a reasonable and well-argued way and people would have done well to pay attention