RE: Rampers8 Sep 2022 09:53
Yep. The issue here is that ANGS (aka GL) is deliberately stalling any RNS on flow rates etc. There is absolutely no reason for ANGS to have a decent insight into their stabilising rates.
The problem GL has is how to present an RNS that gives the 'Impression' that things are either well or going to get better, while hiding the true facts of how much trouble ANGS is actually in.
One topic may be to blame their financial position on other aspects or to 'infer' that they are going to take action to mitigate or improve matters.
Clearly the best option is for GL to pretend that the Side Track is going ot save them. If he announces that it will be started and finished by or before end of October... then you know damn well that he is lying through his own 'false' teeth.
Remember, he's already confirmed during a previous LSE video interview that it will take a MINIMUM of 50 days to drill the Side Track, and that is assuming NO ISSUES WHATSOEVER.
Given those parameters, all shareholders can see that Mid-End November is the most 'likely' best completion date (assuming they start drilling this week> Worst case (given past performance and utter incompetence) is December, possibly into Q1'23.
So, ANGS is in trouble, GL knows it, and he's desparately trying to figure out how to create enough 'Spin' to save his backside.
Alternatively, he's getting his family, friends and colleagues to sell up while they can before releasing news.
P.S. Make your 'compound' trading profit while you can ... there are better shares out their that can provide multi-bagger profits; and have more reliable, trustworthy, believable BODs.