RE: Angus interview 'all Solvable'1 Dec 2017 22:05
I had always said that i liked ANGS as a company but I have to say that the last couple of weeks and that interview has somewhat changed my view.
whilst there was a lot of talk about DOR being undervalued relative to ANGS or UKOG. my own view was that they were overvalued for companies with no real production income whilst DOR was more realistically valued. I did say on several occasions i wouldn't touch them at their high valuations - and i feel sorry for anyone who has lost heavily recently. i really do. i know there seems to be competition between the various tribes at times. but i look at us all as being in the same boat. we will all do well in the end or not.but our futures are linked.
i think hitting the shareholders with a placing so soon after bad news was a real kick in the teeth. And the sort of thing that affects reputations and how the stock is viewed.
if they knew the oolite had potential to be difficult then that could have should have been communicated before not after - warning that initial figures could be low but increased up to fivefold,
at least now they are talking about the issues that they may face with the kimmeridge
i think what is disappointing is that whilst i have been a big critic of the way DOR has been run - my hope was always that the weald story would come good - thats what i took a gamble on - and that i could possibly get my money back despite the catalogue of disasters. i have to say some of my confidence in the operator has been lost.
the lack of noise from leni shows that should the whole thing end up a dribble he will find siolace in spouting about one of his other numerous companies or how the algorithms or MMs of whatever exchange is conspiring against him - nothing to do with pump and dump
There is no point selling i am back down to 75% down or more - i haven't looked. i had written the money off then started to hope again . i feel its back to being written off again
sorry a bit of a ramble. and i am not sure i am making any sense. just a bit gutted really. again