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Let’s see what next month goes
I have been observing the forum for some time. I find mls an interesting case study. We have an individual who claims to be invested (even adverting his buys) and wishing to contribute a “balanced” opinion. This being said, he/she doesn’t miss an opportunity to post on here daily with negative commentary and regularly promotes any sales of shares (even on a day such as today when there are actually more buys than sells) to suggest doom is imminent. For balance, there is not a single comparable observation about buys and what they might mean about the future.
Instead, mls regularly brings up past failures and provides negative commentary on everything the company does, most recently the AGM. There is never a sense of mls being positive about the prospects. Just failure.
Any attempt to challenge or question mls’ motives is met with the response of ‘no personal attacks please’. Isn’t it entirely illogical for someone to invest in a company whose management is allegedly untrustworthy, overpaid and incompetent? All very odd and sinister in my view. It does seem there is a cabal of disillusioned former investors who want Zen to fail.
Kgtrades I didn’t expect to say this but I agree
From what I gather the updates we are awaiting are
1. An agreement on Benin
2. An agreement on Yemen
3. Payments owed up to $15 million from the Congolese government
4. An update on Italy production output and sales
5. An update on Tunisia license renewal.
Anything I have missed? Andrea Cattaneo must deliver on the first two in order to gain decent traction other updates will also be welcome. Sellers have dried along with buys which indicates to me the downside is very minimal from here but also no upside till something positive is announced to the market.
Expected a little further drop on fund raise news however pleasantly surprised the price held strong. Should be the last of our drip and any potential positive update should propel us to a better trading level. Of course a bad update could also send us down but more likely positive news from here on as Mr Cataneao’s interview seemed very positive for future shareholders.
Not a regular poster here and appreciate both the positive and negative posts to give a well balanced outlook.
I am leaning on the side of positive as I do sense the share price is well over sold. I previously made a 100% gain here and sold on trading profit and it reminds me of back then. Many disgruntled angry investors and rightly so but we are in the money game and to make a profit.
I added some stock last week and will watch with caution how the next couple of weeks unfold. The director must secure one of the major assets which then will have been a very good decision on my part with a very low average. Let the games begin.
Sold out after holding 4 years significant profit
Angus Energy Plc (AIM:ANGS) is pleased to announce that it has executed a share purchase agreement ("SPA") to acquire the entire issued share capital of the Company's current joint venture partner in the Saltfleetby Project (the "Project"), Saltfleetby Energy Limited, (" SEL " or the " Target ") which owns a 49% working interest in the Project (the "Acquisition") thereby giving Angus Energy a 100% interest in the Project. To fund the Acquisition and other working capital requirements, the Company has concurrently arranged a direct subscription with affiliates of Aleph International Holdings (UK) Limited ("Aleph") pursuant to which Aleph has subscribed for a total of 546,000,000 Ordinary Shares in the Company at a price of 1.09896011 pence, being £6,000,000 (Direct Subscription) split into an initial unconditional tranche of £3,000,000 and a second tranche of £3,000,000 conditional on Shareholder approval.
The big boys are backing us they have put up the money and very confident.
Volume is immense there seems to be something on the horizon. See 2p smashed very shortly.
Loaded up ready to go
We are significant derisked. Should break 2p shortly.
I see us back to 2p before the new year
Lots of moaning today, fact is it’s Christmas people are selling into the holidays. The smart money went in when we bottomed out earlier today in the new year with production and cash to the company we will be back to 2-3 pence in an instance. I have loaded up this week and happy to hold for a month or two to sell at double.
I think they will get the drill right this time. Then we will be back to 3-5p. No brainier at these levels.
We should recover back to 1.2+ before spud results. If good will go back to 3+ with ease. Even at current prices a bargain.
This time we will get oil !
Come on the block team get this bad boy back to 5p!
Thanks hr I agree. Think we’re at bottom now. Snagged some cheapies under 1p will hold for the second drill if that comes good we back to 4p.
Think drop here