Member Info for Crocqman

Happy with this update.
Less happy that the SP is back at my original buy-in price, but looking forward now.
gla

Off topic, I know, so apologies.
I understand why the £ is down vs the $, but why is it down so much vs the Euro too?
The current impact seems to be affecting Italy, France, Germany and Spain more than the UK at present, is it just that the $ and Euro are seen more as a 'safe haven' much like CHF and JPY?

RA,
I disagree on the comment "The same with Saltfleetby...there is a reason it was sold to them for a pound.. nobody sells a valuable, productive asset for a pound. In fact,the former owner even paid Angus to take it off their hands!"

Many businesses are sold for a £1. Yes, there are reasons behind the nominal price and debts, costs, etc taken on by the new owner are reflected in this nominal price, but the £1 price in itself does not necessarily mean it is not a potentially productive asset for the right person.
Chelsea, BHS, Barings, Homebase just a few examples of businesses sold for £1 (with varying success).
Not a reason in itself to be dismissive, but everyone knows it is a risk and that there's a long way to go - and no, I'm not suggesting a 6p valuation either for this asset, expectation (for me) is at the lower of the scale, if they can get this producing.

Thanks ChasBP,
He talks quite well (imo), but then so did Vonk.
Certainly does not come across as someone who has no knowledge, or experience as some keep saying.
Not bad for 'a puppet'!
gla

Just listened to this and watched the proactive investor interview too.
Interesting to see/hear, but expectation will be on delivery, even more so if Brockham now back in the mix.
3 potential fronts then, but with current uncertainty, will expect some delays now with planning meeting, kit tender/sourcing, EA approvals, etc.
Still a hold for me, but time to see if they can turn the talk into results.
Cue YL :-)

Exactly, skwizz.
Joey's daily post about crying shorts on twitter :-)
Mustn't forget to base my whole investment strategy on his/her well researched, balanced and informative insight into investment and ukog in particular.
Almost 2,800 one-liner posts that prove that sometimes it's better to just not say anything at all.
gla

YL,
Going by the posting here this weekend, it seems that some may already be self-isolating and their web browsers are stuck on this page :-)
Unfortunate scenario all round. My 2 week 'big birthday' trip to India this week was cancelled on Friday. Not great, but half expected and more important worries just now, especially an elderly parent considered high risk.
Hope everyone's families are safe.
gla

Any shorting ban will be on taking out additional shorts. Any existing short positions will still be in place, just not possible to increase positions

Agree that shorting is an important and necessary part of the process, but it should be restricted to main markets only (perhaps a minimum mcap threshhold), permitted for only registered financial firms who need an annual certification from their 'home' regulator, and stricter controls over co-ordinated efforts targeting individual stocks, as is often seen.
Bans on additional shorting should also be put in place when global events such as this occur to aid market stability.
Will not happen, of course.

miln, your post reminds me how last week over on UKOG, no production licence was a great thing for similar reasons. Some posters were saying 'No production licence is great for us with current market turmoil and price of oil'.
Today, with a shiny new production licence RNS released, those same posters are now saying 'great news, we're a producer now. Here we go'!

Another good RNS, and another piece of the jigsaw in place.
Caution still needed for those thinking this is the start of the great recovery though, saw similar on ANGS last week with their CPR RNS, huge jump quickly followed by a sharp drop back, so dyor.
Still a long road ahead, but at least it is the right road (imo).
gla

Yes, like Ocelot, I believe it was Financial related only (Banks and Insurance).
Not exactly sure how long it went on for though, more than a few months though

YL,
What would you class as 'ONE' success here, anything at all?
Would any result (less than potential, perhaps) with Balcombe be a success?
Would bringing Saltfleetby back, but with only a modest return vs targets be a success?
You could argue that they are, whether hitting targets, or not, but not sure either would see anything transformational here and suggest the company would be worth a serious re-rate, or see an influx of II money.
Modest expectations here myself. Saltfleetby to steady the ship and bring some cashflow for future prospects, Balcombe a potential bonus.
High risk with a modest return from current SP for new investors (imo), a chance to exit for longer term holders.

What is predictable, is that if (if) this does go to 2p, 4p, 6p (for example), the overriding comments from one side will be 'but it was 12p, 16p, 30p, etc under Vonk, way back when, etc', whilst the other side will proclaim it as a sign that this is on the way to being the next great thing and mid-cap status is coming (being in UKOG also, this has been the normal stance for most for over 2 years now).
Any measurement of success will be made on whichever indicator best suits the position of the poster.
Personally, despite being a LTH and down, like many, I will see anything above 2p on Saltfleetby as a potential exit point.
Will continue to hold for my estimated time frame of September/Q4.
With the CPR, I see more potential for upside here now, but still a long way to go.
DYOR

More than 1,200 in only 24 day.
50 posts a day average.
Good stuff

nomlungu,
Hopeful that with the CPR now that they will be looking at other (better) options for any future funding.
Will see in time of course.
An interesting next 6-9 months ahead, for sure and plenty for everyone to disagree about.
gla

I always thought SS looked like Penfold from Dangermouse

So much subtlety in the posting here, it's hard to see which side of the fence some of you are on! :-)
All enjoyable reading though.
gla

I would like to throw 2 points into the mix with regard comments on the accounts, 'cash burn' and funding.
Thoughts?

Firstly, the 2019 accounts cover a period of 9 months or so when there would have been a lot of activity, equipment hire, additional staffing costs, etc whilst working on Brockham.
The monthly costs and activity will surely have been a lot less from around July to date, perhaps with some one-off fees/expenses, so presumably the current monthly spend will actually be a lot less at present until such time that works start up again and the current 'burn rate' not as high as suggested by some? Not really comparing like for like when looking at 2019 to current?

Secondly, regarding the 'p' word. Although it could, of course be a possibility in the next 6 months or so like it is for any company regardless of their situation, doesn't the CPR now give Angus the opportunity to explore other avenues of fund raising which may not involve the issue of any new shares and which would be more favourable for the company (and shareholders)?

17 posts in under 4 hours, JA51.
Good to see that the RNS' have given you something to pull apart today other than trawling through companies house records looking for tenuous 'coincidence' links between any man and his dog :-)

Please let us all know if you find anything positive to report from today's news, surely there must be something good to highlight?

gla