Member Info for Crocqman

Still very low volumes here, even if there is the odd large late reported trade.
A good rise today, though, but it has been here before and the bod has usually torpedoed any momentum with their own actions.
It needs to break that elusive 1.50 mark, after many attempts over the past 3 years (ignoring the shares in issue change over that time).
That long-awaited first-gas RNS, will shift this from the low to mid 10's of millions traded, to 100m plus, hopefully over a sustained period of days.
gla

Agree Pandy.
I barely read this board now, let alone post.
All of the prominent posters on both sides of the fence who clearly never see anything contrary to their view are filtered anyway, and the company are not pulling up any trees with delivery which has been hugely disappointing compared to the pronouncements from a year ago, despite clear progress with the tech, etc.

One side cannot acknowledge that there has been clear progress despite the current situation with sales, SP, etc, while the other side cannot acknowledge that it is taking longer than expected, and the company is simply not delivering what they claimed we should realistically expect, trying to mask this with all the outside influences, that, while important and relevant, are not the sole reason for the current malaise here.

The truth, as always, is somewhere in the middle of the 2 extreme camps, but any rational thought, or acknowledgement that there are positives AND negatives just gets you attacked from both sides, labelled a trader, etc.

Unconcerned with the SP level currently, not looking to sell, but will hold and await news
gla

That's how it should be, but this is ANGS.
They will be quick to give us a snippet of good news, or something seemingly positive to distract from the continual delays, but very slow to tell us about any further missed target, should that be the case.
It's been the same for the 4 years or so that I have been here, so why should anything change now?

There was no reason for them to RNS the news on 22/7, yet they did as they know the market and investors are nervous, and want anything positive to allay any fears of a Brockham repeat.

I do expect an update by end of day tomorrow though given their most recent proclamations.
We'll see.
Off out for the day.
gla

Volume on target to be a miserable 0.5% of shares in issue by end of day.
Volumes have been very low here for 2 months now.
No sentiment. or possibility of any SP traction due to continual missed targets by the bod.
Not seeing any SP movement here until news, or a leak of news indicated by increased trading activity.

As another poster stated, news due by Friday as sales expected 'for next week' (per last RNS), but ANGS standard form is to announce at the very last minute if nothing doing.
Another missed deadline (news by end Friday), and I can see a drop ahead of the weekend.

Come on GL, meet a deadline for once!

"We'll soon see how the 'market' value ANGS once in production, I expect many will be very very disappointed."

I think what Tygra means is not that the SP will not rise on 1st gas, but that the prices some are bandying about are unrealistic and will not be achieved, so some will be disappointed.
I have seen figures of 5p and 10p posted by some.
I have always been targeting a more modest 2p to 2.5p on 1st gas, but with the continual disappointment and failure of the bod to achieve targets, I have lowered my expectation to 1.5p to 1.75p on first gas.

It is the side track that will be the main boost, but the rise will happen on 1st gas when they finally deliver

Dealing with sub-contractors is no excuse for the continual missing of deadlines.

ANGS have Mike Wells on the board who was supposedly the expert on all things Saltfleetby, and any competent company would not just take the word of a sub-contractor and issue multiple RNS' with information they have not verified themselves, particularly when this has happened over and over again.

The buck stops firmly with the bod when it comes to the issuance of timelines to the market, and the adherence (or not) to those deadlines.

I do not see it as a coincidence that, after missing many time-range specific 1st gas targets, the last few RNS have reverted back to no set timeline other than somewhat woolly wording. Either GL realises that they have fckd up too many times in the past in respect of managing expectations and updating the market, or the big shareholders have had a word and told him in no uncertain terms that their patience is wearing thin with the information being released which is eroding shareholder and market confidence.

Volumes here are still pathetically small, very indicative of what the market thinks of ANGS currently.
GL needs to deliver. Full stop
I wonder how many times have I said that over the past 8-9 months?

Oh, the irony

From the poster who disappeared for 6 days when his 6/7 'RNS logged' notifictation was shown to be bllx, and who gave us this gem 13 days ago:
"knowing that theres every chance Gas will be fed into the grid on Friday this will move swiftly to the 2's in next 2-3 sessions. Have to say very impressed with GL and the board. Very astute indeed".

I think I will continue to ignore all of the self-proclaimed experts on this board, and just wait for news
gla

Agree Howey/hamster,
They have only tweeted what was in the last RNS.
No need to update, imo, unless something new to report.
We'll see soon enough
gla

goza,
I, like many, no longer have any faith in any timelines that GL puts forward here on ANGS.
After getting it so wrong un multiple occasions for more than 18 months, at least the latest (failed) targets of June/July do seem to have been backed up by on-site evidence, and other commenters on here seem to think this is close, although whether that is still July, or now August is questionable (more likely August, but then I am no expert).

I find the worst posters on these boards are the ones that get easily offended and pick fights on the back of someone disagreeing with them, and come out with comments saying they will come back and gloat when they are proved right.

Why would you want to mock others and gloat if your prediction is correct?
It says a lot about you.

I bet you will not be back here with your hands up if we see first gas before September.
A bit like our resident RNS expert who is nowhere to be seen when his 'logged RNS' does not appear, but demands apologies and acclaim from everyone when one does arrive.

I won't screenshot your post because I have a life.
I am as frustrated here as anyone else after giving the new board a chance after Brockham, staying only for SFB and nothing else.
Yes, the delays show how useless this project has become. I was realistically expecting to be selling out by the end of 2021 at the latest.
Although in profit, I will certainly not be hanging around for the side track as I don't trust them to do this in a timely manner.
gla

You will likely get 10 different answers from 10 different people.
There are too may variables at present, some company related, some sector related and plenty of outside economic factors to make any realistic prediction, imo.
It could be pretty much the same, if the latter does not change, or higher, but to what degree?

A year ago, many here would not have thought it would drop sub-100p, let alone 75p, or even 50p, yet look where it is now.
Much will depend on Ukraine, oil prices, exchange rates, recession/economic recovery, imo, so a timescale is difficult to gauge.
A lot of investors are happier in cash than in shares like this at present, despite what the fundamentals may say, and will look for signs of recovery before coming back in.

You need to consider your own time horizons, risk appetite, etc if looking to invest and do what is best for you, we are all different in that respect, after all, the only common theme would be that we would all like to make money here.
Personally, I am down, circa 65%, but took some profits close to the highs, adding back in at the high 60's.
I am not looking to add further, despite the price due to the weighting in my portfolio, unless I see some profits elsewhere, but I see no reason to sell either.

An honest answer, but perhaps not a helpful one!
Good luck whatever you decide to do here.

Given that there are only 8 trades with a total value of £6k, it is irrelevant whether the shown direction is correct, or not.
As reported many, many times, the direction is an estimate/indication only, not factual, and nor is it meant to be.

Not worth paying attention to the direction of trades under £20k, imo, unless a run of similar sized trades suggesting a large order being filled, or getting excited if volumes are under 1m which this has barely managed a handful of times in the last 3 months (and is pretty small at circa 1% in any case).

DB needs to drop news on buy-back, or Dividend as this share is dead in the water until some serious news lands, and we are a long wat from value adding activity from other assets

Yes, but when they have given multiple dates over a period of 18 months (and that is being generous) which they have consistently failed to meet, that cannot be put down to 'just one of those things', or that is how the industry works.

Back in June they gave us a 2 week timeframe for first gas. This was missed.
We were recently given a 6 day target for first gas for last Friday. This has been missed potentially by more than a week.
We now have a 4 day target to complete commissioning, with no first gas date.

This has gone beyond what any normal person from within the industry, or not, can seriously consider to be anything other than deliberate misleading/lies from the bod, and whether the work is contracted out to 3rd parties, or not is immaterial.
Those defending GL by saying it is not ANGS doing the work, so not their fault, and saying 'it's only a few more days' are delusional. We've been hearing the same for well over 6 months, when the project was already more than a year late on original company estimates.
I cannot comprehend how anyone can still defend the bod here. The market appears to firmly agree with this sentiment as can be seen by the SP and volumes.

The bod has destroyed sentiment here, and turned a potentially exciting and profitable venture (with very fortuitous timing for the original buy) into the plot for a Laurel and Hardy film.

This will only change on delivery, something that I have been saying since the start of the year..
My last post for today
gla

Good post Tygra,
Saved me the trouble of a long post.
Yes, the last 2 RNS' have moved from giving firm dates within a range for first gas, to an indication of when lead-up work is expected to finish with first gas to follow at some indeterminable time thereafter.
They have regressed in terms of providing any clear timeline for sales.
A bit late to be managing expectations, no?

Out of curiosity, I looked back at past RNS. In 2020 on a comprehensive RNS schedule timetable for SFB, commissioning was originally noted as 'early 2021' (not a typo). And this was not the first 'first gas' target date
And let's not mention their original cost estimate to bring SFB back on line, which from memory was circa 1.5m (I'm sure I will get corrected on this, but it must be close to 10x the original figures quoted).

Will await the next news with curiosity, but it is very unlikely to be confirming first gas sales on Monday, imo
gla

Totally agree presneill,
How can they set a target (the latest of many, many, many targets over the last 18 months) just 6 days ago, and look to fail to meet it by such a wide margin.
They really have been taking the p*ss with shareholders on both timelines and budget with SFB for the past 3 years, and even this close to the end cannot give a realistic, or achievable target date despite having done so numerous times in the past.

I have not been remotely surprised that ANGS have missed every single target date, and the first gas dates have become even more woolly of late to the extent that they are no longer prepared to offer one.

No expert, but will they even make month end for now for first sales?
There is no credibility with the bod here at all for me, not that there was much to start with.

Anyone who posts that a day or two longer is no biggie is living in cloud cuckoo land.
They have said the same since every 'first gas' RNS since Q4 last year, and there have been many of them too, all passed with a 'what can you do' shrug from GL.

There is no way I will be holding any excess shares waiting for them to drill a side track here now.
Any rise on successful first gas and I will sell completely.
My target SP range lowered from my long standing 2p-2.5p from 3 years ago, to 1.50p to 1.75p now.

Still in profit, but what could, and should have been a reasonable multi-bag opportunity, even from 1p looks less likely by the day.
Good luck to all the long suffering holders.
I'm sure all those green filtered posters are having another field day on this latest update (not checked in since before the RNS).
GL out!

Agree bammo, the media like to whip up controversy.
They are in the main, more interested in getting clicks and money from their sponsors in return to making news stories from twitter posts, than dong some proper investigative journalism and factual reporting.

Twitter seems to be the 'go to' source these days for many to form any opinion, and boards like this usually operate in the extreme using a specific set of examples to try to debunk ALL other opinions, rather than seeing the reality is more likely somewhere in the middle.

An easy example is the tired old story about how the 'swampies' are all hypocrites because they use mobile phones, laptops, wear trainers, etc, as if their true reason for protesting is to move the entire world back to the dark ages living in caves, etc.
A deliberate attempt to discredit all in one sweeping statement to make a point.

The same could be argued on the flip side.
Presumably every single investor here loves oil and gas so much that they never recycle, upcycle, grow their own, always use the most polluting from of transport for every journey, buy the food with the most food air miles, send all their rubbish to landfill, etc ? If not, we are all hypocrites for not fully worshipping O&G.

Anyway, not worth a debate on here really. Another method to disrupt the board from sensible ANGS related debate, and I have nothing worthwhile to add on that subject until news lands.
Switching off until news. Sun is out, too hot to get worked up on a bb
gla

gt.
The point of posters like bobrad is to get people to reply, abuse them, argue with them, make personal comments, etc to keep the nonsense thread(s) at the top of the page and push any useful contribution further down.
If 'genuine posters' see continual rubbish on page 1 they may be less likely to scroll to the next page for any real news, and look elsewhere for any potential investment.

Replying just helps these posters with their plan, achieve their objective and is a waste of time.
See, I have just added to it by trying to suggest people do not reply.
More success for bobrad and his ilk.

I have all of these posters filtered (the rampers too).
Best to ignore, but then some just have to reply as it gives them great pleasure to do so with a clever put down which may grab them a few likes, but just plays into the disruptors' hands.
So, who's the real winner in that scenario? Yep, bobrad

This board has been mostly an us vs them battle for with little rational, impartial or sensible commentary for over 3 years now (since the before the Brockham fiasco, tbh), with one extreme group of posters (the majority) doing their utmost to ensure that Angus fails so they can well and truly rub the failure in the faces of genuine investors.
And a few commenters have made a point of saying they are looking forward to having their 'I told you so moment' here when they will come back here to mock and gloat at genuine investors who did not listen to them saying they should get out.

Sadly, the bod actions over SFB during this timeframe has played right into these posters' hands, with delay after delay, huge cost overruns, etc, and the market has no trust in their ability, as reflected in the SP for most of the last 3 years plus.

Where is the RNS we have been expecting for the last 3 weeks?
That is all I care about here now.
And that (3 weeks' wait) will be ignoring all of the other deadlines that have come and gone over the last 18 months, of which there have been too many to count, but must be close to 20 by now.

Angus must, imo, issue an update today to confirm the first sales of gas expected 'shortly thereafter' their latest 6-day old timeline to finish latest tests and verifications 'by today, if not earlier'.
Can they really miss a new 6 day deadline, when they have already had half a dozen or so attempts in the last month to do the same, missing them all? Volumes and the SP tell me everything I need to know on that currently.
Only THAT RNS will change things here

Incorrect tony

I'm with Tygra,
We were told an RNS had been logged on 6th July and were told it was likely to be released on the 7th. Nothing happened.
Said poster, who always demands apologies and acknowledgement for being right, was nowhere to be seen for 6 days, until informing this board that another RNS had been 'logged'

So, demanding approval and apologies all round when supposedly getting it right, but no acknowledgement or putting hands up for getting it wrong.
But I guess, it could always have been logged and then cancelled, thus preserving the cherished sage of Angus status.
We are expecting news to arrive any day. It does not take a genius, or someone in the know to call an RNS when we have been told categorically by the company to expect one.
That won't stop some from being believers though. Their choice after all.
I mean the 1 code thing is exceedingly accurate too in some eyes

No comment as to content.
'Interesting' can mean anything, it could be Brockham related, Lidsey related, Geothermal, etc rather than SFB.
No comment either s to where it is supposedly very easy for anyone else to find this info of logged RNS' prior to release (link, etc).

It's too nice out, so will remain a sceptic and signing off for the weekend.
Let's hope we get the news we all want though, if not today, then Monday.
Happy to give the bod kudos for finally delivering when it happens.
gla

Well, he missed my (more generous than ANGS) range of between Independence Day and Bastille Day for first gas, so I say it's time GL was given the chop!
I'm sure there's still time for yet another ANGS delay/excuse before the latest 'woolly' date which seems to be restricted to from Monday onwards (i.e. anytime in the foreseeable).
Can't see any big moves here until gas is confirmed, market just does not believe what the bod tells us.

Would anyone want to be out of this for the weekend will be the PI cry, but do the big players want to be in?
Come on ANGS, just deliver for once.

Disappointingly low turnover, tbh.
This should be doing minimum of 100m daily for any decent moves, and significantly higher on success, imo.
Entirely down to the bod and continuing failure to deliver on time.
The complete lack of interest here by the wider market is clear.
The so-called herd will only arrive on 1st gas news, and will be happy to pay a higher price for the much reduced risk.

Sage,
Let's face it, only ANGS can give themselves yet another deadline (28/6 RNS), saying the already multi-times delayed gas is expected only 9 days from their announcement, but allowing themselves a range of 6 days to achieve it, and still miss it by a wide margin given the number of days involved, whilst saying all is progressing well.

I have seriously lost count of the number of delays announced just this year. It must be approaching double figures now?
And that is without all the other dates going back to Q4 2020 that they missed.

At this stage, I would not put it past them to miss the 18th either, although that date is not noted as first gas date, just a vague date, less specific than anything advised previously.
Can't disagree with any of your posts here.

And yet, the newbies will tell us that 'it's only a few days, who cares'.
Although personally in profit and hoping (still) for 2p to 2.5p range on first gas, will likely be looking to take profit at anything close to 1.75p now.
Good luck