RE: Update11 Nov 2021 10:30
Caravanboy,
Do you know the history here with SFB?
First gas was originally slated for end of Q4 2020 (others will try and suggest earlier) and has been moved several times since (at least 4 times, maybe more - check the RNS, presentations and IQ's), including shifting from Q4 2021 to Jan 2022, then Feb 2022.
My money is still on 'by end of Q1' being announced before this year is out, a small movement, but still another movement nonetheless.
I have Ech on filter, so no idea what they are saying, but to suggest ANGS has not had delays is ridiculous.
And, the next update will not be 'an amazing one'.
We are expecting several scheduled updates on various fronts that will be welcome, of course, but nothing that the market is not expecting to see.
Incremental rises here on news, as I posted earlier this week. If we get a couple of pieces of news, I see a consolidation (finally) over 1p going into the new year.
Any bigger rise will happen only when the company is seen to be delivering consistently, and on time. The weeks leading up to first gas more likely to see higher volumes, and actual rates will determine how far it may go.
It could be anything from 2p upwards, I would not want to predict an upper range, even based on their SFB figures, but it is ALL about delivery.
The above is based on SFB only, any positive updates elsewhere will be a bonus but for me will not add too much in the short term as the markets are interested in seeing a return in form of cashflow after a long wait.
All imo
Awaiting their promised operational update, hopefully this will lead to increased comms over the coming months as requested by many
gla