Member Info for Crocqman

A positive update and growth heading in the right direction.

Looking to see this progress continue.

It has been a long wait to see signs of some SP uplift, hopefully the market will react positively to this news.

Expecting to see further positive news over the coming months.

The kicker would be if the EU regulation gets pushed out further from the expected implementation date.

Like many, down on my investment and not in a position to add more, but holding for the foreseeable.

gla

TBS,

The last update advised that they were targeting end of April for accounts. This required a short extension, so I expect if they are to miss this they will have to ask for a further suspension.

Hopefully once these are produced, the suspension can be lifted with 10 days.

Given they are producing, I will optimistically await additional news prior to the relist and guesstimate a relist price of flat, or perhaps higher.

6p to 7p range

Yes, it will be a strategic decision if a company falls outside of a prospectus/mandate guideline for minimum mcap, for example.

If the holder is still positive on the company, they can put a case forward for holding something that is outside of the permitted range, and likely reviewed on an ongoing basis.

With the current volatile market conditions there would be a case to hold, unless of course there are multiple positions that are breaching thresholds whereas they might be forced to make a decision

Agree HarChris,

The new board will have had their hands tied to a certain extent when it comes to find raising.

The important thing is to get the accounts signed off and the share suspension lifted.

If the company shows it can deliver and the SP starts moving in the right direction then the additional shares being issued will be a consequence of good performance.

Hopefully, we can relist at the earliest opportunity and move forward.

Not long to see what surprises the accounts throw up

AGM unlikely to discuss anything that has not been prearranged and detailed in the meeting agenda.

Not expecting anything other than outcome of resolutions

Not long until the new tax year and I can take the 5k hit on this to offset against any possible future gains.

It will be good to finally draw a line under this disaster

Patrick7,

While I agree that it is not good to keep harping on about the past, and look to the future, it does have to be said that:

ANGS have to deliver on what is expected. There is a history of time and cost overruns and failure to deliver what they have told us to expect.

The past tells us that delivery does not always result on SP gains, certainly not the multi-bagging ones that some seem to expect.

The past has proven (sadly) to be a good indicator of what to expect here.

The board needs to break this cycle and until they do, the market will not trust anything they say or do.

Mostly a silent holder. Gains made on separate occasions in the past, but the reinvestment on the promise of the 2nd compressor has proven to be a mistake.

Not remotely interested in the legacy oil sites so long as they cover costs and bring in some income. Any big spend here should be avoided.

Will await news on SFB (anything else is a distraction, imo) and hope that the storage option is where losses can be recovered along with any short term positives re: hedge, debt and booster compressor.

Back to a mostly watching brief. This has been a trading share for too long now, holders could do with some relief too

gla

Happy to see this go up, but volume is not really picking up. Higher than normal, but still barely over 1%.

No sign that the market is waking up to ANGS either, it is just the normal up 10% one day and down 10% another day.

Potential for news but nothing expected short term to change the SP a great deal, imo.

Maybe end Q2 with hedge news or a greater than anticipated increase in production from the new compressor, but certainly not oil production as that would need a change of many multiples to make any difference to the SP.

The market is still very wary of ANGS delivering on time and within cost estimates and mgmt need to break that cycle for any shareholder goodwill to stick

A buy worth less than 10k is hardly a sign of confidence. Multiply that by 10 perhaps, but Volumes are still ridiculously low.

The oil price or gas price won't make any difference to the SP as things stand.

A sizeable increase in production, or something to significantly change the fortune here is what is needed

It isn't news. We had already been told it was due to arrive within the next 2 weeks on 16/01 (so actually closer to 3 weeks), all they are doing is confirming what they said was going to happen has happened. It is good practice to confirm, nothing more. If they hadn't done this we would get the normal moaning about keeping us in the dark, or failing to deliver (yawn).

Anyone who thinks this should result in an SP move is crazy, hence the somewhat muted response so far to the RNS both in terms of trading activity and commenting.

This only becomes 'news' once it is up and running and we see what benefits, if any, result.

Of course, most here know that.

Fund Managers, platform providers, etc rely on price feeds to update their systems automatically from an overnight process.

If no daily price is received they have to manually update the price which could be for private companies, suspended companies, etc.

It may be that after a certain time HL policy is to stop manually pricing a share and leave it 'unpriced' with no value.

Other entities may use the last listing price (for suspended shares).

For private company holdings I know fund managers used to be asked regularly what they considered the correct price to be seeing as there wasn't any public available price feed and they used to call the company directly to ascertain what their positions should be valued at for their portfolios.

HL policy may be different to others in terms of suspended shares.

One of my other shares was not priced for a while and was suspended for over 15 months. I have not checked my HL account for a few weeks so had not noticed anything with regard to TGR, but it is now 6 months suspended so maybe they will no longer be manually updating the price for this suspended shares, or their price provider has stopped providing any data for this share so they have to mark it is na

Yes, if the placing element is heavily oversubscribed, we may see people buying in the market to build/maintain their positions.

The result will be interesting as well as volumes in the coming weeks.

Personally, I'm holding tight and won't be adding as my exposure to small caps is at a max currently

gla

To add, if there was no retail element to this raise, then we may well have seen some uplift on this news

When you have the opportunity to buy shares in the placing at 8p you wouldn't buy in the open market for more.

Once the result of the placing is known (full amount raised) and the new shares list, we may see some traction then

I see nothing on the official London Stock Exchange site

Excellent news.

We were expecting funding news in Q1, and this is a substantial raise with the majority staying in invested through an existing LTH and the new Treasury backed entity.

Decent sized Director participation too.

Small discount, should have negligible impact on SP, but wholly positive in terms of the future.

What's not to like about this news?

UJO may be flying today, but still only half of the SP from 9 months ago.

Like here, not much comfort for the LTH's.

The SP here will not move on Oil or gas price changes, and oil the minimal production will only ever cover costs and be good for some additional capital expenditure elsewhere, not worth spending more to achieve little on numbers, imo.

I only really see a SP move here on either the new compressor increasing production by a decent factor, end of hedge, or a big capital project at SFB.

Still down but hoping to reduce losses here, to use vs gains elsewhere

Good news.

2025 should be a year of progress and change for CTL

Same. I have waited too long to realise my losses here. Substantial as they are, I have accepted this position and just want to be able to offload them now and offset the loss against gains for CGT.

This tax year please, not the next one

Safe to say that UserSteve is not one of the sharpest minds