Member Info for bigupajc

Well atleast the presentation has provided some insight into why the share price has been falling …. due to the fundraising.... or has it...

The presentation was a few days ago, so if this is market sensitive news - which it would be - then it would have to be released to the market rather than via this delayed website publication.

So is there a fund raising or not - still no clearer.

All will be revealed in the morning. I suspect that the fund raising position may have changed over the last week due to the significant decline in share price. Makes very little sense to raise at an even lower price than they did so back in January.

Presentation is actually very positive and shows the potential of this little tiddler. Just needs some clarity on what is happening for positive sentiment to return very quickly. I would expect the AGM announcement to provide some detail or Sefton would need a good talking to.

Share price is now on a major support line, I would expect that AGM news could initiate a reasonable bounce but only if the board actually release a statement with some attached news.https://ibb.co/nBGm8YT

I doubt results are being released on the day of the AGM - would be too much for the board to handle! Has the release date actually been announced?

Sorry that was wishful thinking.... I meant 6.6 and 6.8 :)

It is strange that despite all the recent selling you can still offload 150k at 9.6 but only buy 50k at 9.8. This is the same position since yesterday morning.

See L2: https://ibb.co/0hFn8X4

So that would indicate that the offloaded stock is being acquired in the background at low prices, so there isnt much available in the market. Therefore, any significant volume of buying would be sufficient to spark a rally.

Some technical data:

In terms of Relative Strength Index for Anglo African Oil & Gas Plc (AAOG.L), the 14-day RSI is currently noted at 13.59, the 7-day is 4.05, and the 3-day is sitting at 0.29. The Relative Strength Index (RSI) is a very popular momentum indicator used for technical analysis. The RSI can help show whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions.

In terms of CCI levels, Anglo African Oil & Gas Plc (AAOG.L) currently has a 14-day Commodity Channel Index (CCI) of -165.11. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Anglo African Oil & Gas Plc (AAOG.L)’s Williams %R presently stands at -89.74. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

You can sell 150k at 6.7 but only buy 50k at 6.9.

Someone will have accumulated a lot of stock over the last week.

It is actually a very positive interview by DS. Lots of good news to look forward to with finance not required for this initial phase of production. Therefore there is no placing - that has already been made clear several times over the last few months by DS and I see no reason why he would go back on that now and not mention it. All looks positive from here. I would expect some more sellers to be flushed tomorrow morning before a steady rise back north over the next month. Particularly as people now know that there is news flow due shortly.

Its a load of nonsense... This has already been addressed by an RNS late last year...

Compensation from the Drilling Contractor

The drilling contractor, SMP, have accepted that this delay is entirely their fault and have agreed that, in addition to the rig being on zero rate during the delay, they will compensate AAOG for a substantial amount of AAOG's additional costs which have been incurred with respect to this delay. The mechanism for this compensation is through a significantly reduced day rate for the rig going forward.

Chart action is still positive and indicating plenty of upside potential over next few weeks / months. May dip under 8p but downside is now negligible from here in my opinion: https://ibb.co/N6LnFtj

Some really significant late trades reported from yesterday, I suspect that most of these are actually buys as the price as the time was in the same range. Shares also continued to move up rather than being held back with these mighty orders. All good.

That's a solid stream of sells today … personally I don't see what the big fuss is about. RNS today was fairly positive. There is a delay in releasing the CPR but other information will be provided next week, which will send the share price back up towards 9p+.

Once details on the production strategy are released things will pick up again. All these little guys selling at a loss on positive news is beyond me. Just hold and stay quiet. So many drama queens on here panicking with every little movement. If you don't have funds to hold and want instant gains you are in the wrong business.

I mean "very solid" rather than very sold :)

Nice stream of buys today.

Added some more today. This is not a well known company but looks very sold at the moment. Expecting more strength over the summer months and hopefully more earnings ahead of expectations at the interim stage.

I was tempted to buy some at 11.5p but bottled it. Now on a steady rise and a stream of buys coming in. Could there be good news of a revised bid soon....

Looks to be quite a few buys going through, although when they are that close to the mid price they could be either way. Would expect this to rise into the final hour based on chart performance.

Market Makers could have thrown this a lot higher. However, there is very little appetite to move this away from the current levels, seems like this is not a stock market darling at the moment. Anyway, i have just taken another 90k on a CFD, lets see how that works out!

Great company but useless at promoting itself. Look at those other little boom and bust companies putting out RNS statements every day - no content but has a positive impact on the share price (if the news is good).This company has lots of good news but no RNS's to support it.Come on BOD - start being smarter! Let the news and oil flow.