Member Info for EchDelta

Todays selling has been an almost mirror copy of 15/7/21 day but unlike that day we didnt get a late day RNS.
The late day RNS was Spreadex holder cutting a few.
We must consider £200K worth of selling last month, persistent since early September 2021. This stock has very few Major Shareholders. IF there is no placement or further bad news, it could simply be liquidators who expected 2p by Calendar Year end and decided to bank their losses/position and go.
We have also had about 3x times the sells have exceeded the buys by over 5-8m shares like today. All of which didnt necessarily follow up with a placement or RNS.

Reminder to myself:
UK Natural Gas Prices are still incredibly high
FEB22 233.860 12/2/2021
4:54 PM -4.633 1510
Q1 22 228.110 12/2/2021
4:44 PM 0.000 195
MAR22 216.060 12/2/2021
4:44 PM -3.901 325
APR22 131.000

Angus Energy have been gifted almost a 'free carry' investment in Saltfleeby as the gas in the ground is worth 3-5x more than their original starting point.

So irrespective of the barrage something also needs considering:
Previous large selling side trade days culminated in a lot higher trade counts.
Today was a mediocre trade count, so the sells clearly scared off retail investors who stepped in.
Also the 1.5m sells we have seen for 2-6 weeks are not uncommon, as we have seen 1.5m trades on the buy side too, so this could be the same entity.
Again, low trade count, nadir point hit with a 2m sell towards the end of the day- flushing out.

Yes there are equipment delays;but the markets have been royally hit: UJO EDR RBD and ANGS was performing somewhat better.

The 200DMA is around 0.85p so I expect to see this pinging back once there is stability and materiel progress.

I shall continue to hold and ride this AIM stock to First Gas and beyond. Unlike FTSE we have substantially high percentage movements up and down. So I shall wait for the full multibaggers levels once Angus prove the gas out.

AS HITS says, how much gas and by when?

GLA
Oversold IMO.

Please confirm which interview
So I can listen

8.3m sold today and everyone's had kittens.

Time to take stock.

I've made my mind up.

I'll snaffle more stock.

History with Forrest snaffling near here.
History of placement near here.
History has its marker.

Panic sellers aided the drop today

Stop losses too.

Good luck

Staying the course.

Stupid to sell at lows for me as EA permit decision soon.

Balanced viewer can you point to precisely where Lucan has said the Loan was to avoid asking Shareholders for cash?

The Loan is shared between SEL and Angus so I'm unsure how that works out in reality

We should bounce and close in the blue tomorrow.
Oversold.

2m buys vs. 8.4m sells roughly

DJIA in US up move overnight too.

Needs 6m buys to clear overhang if there was No Institutional Buyer mopping up those sells.

Good luck panic sellers.

I recall Forrest buying at these levels.

I shall be buying sub 0.70p if given opportunity.

Massively oversold, over reaction and fear driven.

Each to their own.

My average is considerably lower than many here but I feel your pain.

Conviction hold for me.

And we need a TR1 or notification.

Could be end of year liquidation from a distressed seller.
Matters not.
Just going to potentially review.

And actually will probably buy sub 0.70p tomorrow.

First Gas sub 0.70p sod it, I shall be buying!

Well

Ill stick

Placing or not.... some big selling.

Nevermind.

Yanis

I believe in the Asset (Saltfleeby).
I believe they have enough funds for Saltfleeby to see through First Gas.
I will continue to hold and wait to see how low this goes.
The selling over the last few days has been very high. We had high selling at 1p (rise) a while back so I am taken about this reversal.

As a PI, Ill be the last to know.

Yes Yanis,

I feel for you and others.
This drop is very similar to December last year...

Lets see what comes next.

We need an answer from the Board, the volatility has been MASSIVE.

Yanis I am down from my recent 0.78p purchase.
Seeing that 0.66p for 1.4m shares was a shocker.

I am appalled by this.

Some leaky ships in Angus ?

Firm Hold for me!

I will see out First Gas!

We are shot.

Game over!

16Dec20
Placing of 41.7m shares at 0.60p
So is this history repeating itself?

And Who snapped up 5% at Christmas towards 0.60p?

Forrest!

Because all investors have their own time horizons, monthly and quarterly commitments.
It could also be Knowe with their 11.2 shares and others.
Each to their own.
Whatever it is, market is in the same direction regardless.
Firm hold for me.

Yanis - what is your conviction play?

Ill see through First Gas and the rest.

Ill stick firmly with this, as too many others!

Why should it stink?
A Large Seller its up to them?!
Oversold IMO

Looking at the 1.10p to 0.70p level its pretty much oversold.

Well Yanis,

Clearly some very large investors retail or funds are exiting, even as we head towards first gas.

Not shocking.

We should be near £15m+ market cap towards first gas but no going rapidly in the opposite direction.

Whereas Ill stick here.

You call 0.80p inflated?

LMFAO

But I see the angle you are getting at.

This large seller.... needs out, might as well do it slowly?

Jokers!

Brokers short as part of their hedging strategy
Enough said.
Selling wise... this is interesting as the intensity is larger than anything we have seen for around 6 months!

What do you mean it stinks?
I suspect Shorters and a pool of large sellers!