I looked at the company website for the first time in a long time today and have to say the layout and detail of the site is impressive.
Ironic then that I went to the 'contact us' page to send them a message to advise them of this only for the page to continually 'spin' and not submit anything.
I had to resort to sending them an email via their admin address.
I asked them a couple of questions about production figures and progress on the Suni deal - it is 5 weeks since the last update saying both sides hoped to complete the deal in the coming weeks.
I know that they cannot divulge any non-public information, but it will be interesting to see if they acknowledge, comment, or ignore my message.
I wish they would hurry up with the result of their ongoing attempts to 'extract value'.
Some, I am sure, would like to make a decision as to whether to utilise their losses here vs Capital gains for this tax year, or for the next tax year!
Although it was the highest volume day for 3 weeks, still not as high as I hoped after the encouraging first few hours of trading.
Hopefully, just the start and we will see similar or higher in the lead up to the next update.
Good weekend all
Volume looking good so far.
Heading for highest daily volume for more than 3 weeks, but will need news to get to the circa 100m levels to really take-off.
Will be pleased to see this at around a 1.60 mid, or higher at close today.
Not expecting any more tweet updates until next week, but you never know
gla
Personally, I think it is highly unlikely that ANGS will be paying a dividend, certainly not any time soon, or off this side track.
To me, it is just another way of keeping investors interested, and with all their pending projects and need to fund them, I doubt there will be the cash spare for a pay out.
Perhaps a small special dividend, but with close to 3.5bn shares in issue they are more likely to go down the route of a consolidation first, or a share buy-back,
Far too many shares in issue here.
I am not here for a dividend though, As with the first drill, I am here for side track results only
gla
If a director is selling shares to cover a tax liability, it is likely that internal rules will allow permission for any deal.
Not sure that signing a deal with a drilling contractor would necessarily be price sensitive news. It is expected news, no given the funding package is to fast track production?
Not sure if different for AIM, but I think there is a block on any director dealings for 30 days prior to release of HY and FY results.
No restrictions on dealing any other time subject to company rules on dealing (i.e. bod permission needed to confirm not in possession of price sensitive news)
I think the reason it has not risen more is because at present it is just a feasibility study.
The money will be ringfenced for the intended purpose, and any further award will be dependent on the commercial viability and development requirements, so nothing is guaranteed as yet.
It is certainly a feather in the cap of EQT to be chosen to lead the feasibility study, and another date for the diary for news. Any large SP surge would likely occur only on the actual awarding of any contract with accompanying funding and a known income stream.
As I posted the other day, the big plus is that Europe seem more determined to progress projects like this with funding and forward thinking plans so current projects there are more likely to proceed in reasonable timeframes, unlike the UK where red tape, a lack of a clear plan and political infighting just result in delays, costs spiralling, etc
gla
Just for a change, it looks like I made a good call to take my profits yesterday morning at a price of 2.20.
It may prove to be a mistake in the long-term, but I reinvested in 2 stocks that are certain to drop news in the coming weeks, whereas here it is a case of no one really knows when news might land.
Good luck to all.
I may look to reinvest with funds from elsewhere in due course, and will keep an eye on things here, but I will not post on a bard I am not currently invested in.
maddog,
I really hope I am proved to be wrong.
But history here, and with other stocks, suggest that a conservative finger in the air SP prediction, is just as likely to be right than an analysis based prediction using technical data and different conventional methods of valuation.
We have seen over the past few days a very wide range of MCAP predictions on potential based on different ways to value, so posters cannot even get close to similar valuations using expected production figures and cannot agree which methodology to use.
Who is right? We'll see in the coming weeks, but I still expect a rise in anticipation of news leading to a spike for a day or two, before it gradually drops back.
gla
They would need AGM/EGM approval for any consolidation too to agree on all the different ways to achieve any change to the shares in issue. Similar for any dividend announcement, share buy-back, etc
I think we are a long way off from that currently though
Like baits, I hope to be long gone by May, but my conservative outlook based on success would be a peak from initial side track numbers of around 2.20 to 2.30, followed by the inevitable fall back, as seen before.
So, 1.95 for 1st May.
It is pointless imo to try and apply any number of valuation metrics to estimate a sensible figure here, so finger in the air stuff.
I hope I am proved to be wildly wrong though
Next week ties in with their own time line from their most recent RNS, so hopefully they are managing expectations this time around.
All seems to be going to plan as things stand, a good sign, although some will no doubt try and spin this relatively quiet (but expected) period on site as being indicative of a problem.
I have been highly critical of ANGS and their time lines and cost overruns in the past, but perhaps they have turned a corner on the time line aspect. Don't let me down now, ANGS!
gla
No problem with seeing opposing views which provide a good counterbalance on these boards.
No investor should be so wrapped up in a share that they see only one side, all companies have positive and negative aspects that investors need to weigh up in order to make their investment decisions.
However, with 38 posts (and counting) from a newbie in under 28 hours is excessive and (imo) agenda driven, especially when they are not invested and claim to be here trying to help existing and potential investors from making a mistake of investing.
Everyone can see that the progress here is disappointing, as is the current SP and the need to raise funds at a heavy discount. This needs to be weighed up against the potential to give a return based on your risk appetite and investment horizon.
Yes, some may feel locked in at these SP's, but DYOR.
No one needs saving here, just like no one needs endless positive and gushing posts with unrealistic broker SP predictions.
visitinghost filtered
gla
Due to regulation changes, stocks like this will only (with a few exceptions) have analyst coverage by their own house brokers who have a vested interest in over-accentuating the positive.
Plenty of factual info which will be of some use to see in one place, but no doubt the SP target is highly-inflated and with no timeframe, so only really indicative of potential with lots of caveats and a strong tailwind of realising everything on-time and on-budget in favourable market conditions.
Highly sceptical of broker note SP targets even with FTSE shares, especially if having to pay for it!
gla
I have added further today on this dip (219,808 buy at 0.3867).
Getting close to my target weight now and keeping my average under 0.40.
News expected in the short term on the funding transaction (approvals, etc) and on the drill results.
Yes, still a possibility that the long stop date could be extended, as others have stated, but still a way off yet.
gla
I have added more here today. Almost doubled my holding and close to my target weight.
Plenty of visibility for the company over the next few months with conferences, expos, etc and news expected on drilling at Llamara in 'early Q2'.
I will be most interested to see if this all proceeds in a timely manner and my expectation of 'early Q2' would be some time in April. Of course, delays can occur and seem commonplace with drilling, but it is important for the company to achieve their targeted aims for shareholders trust.
gla
gla