Member Info for gmed

Most likely a sell at 1.03. The heat's got to them.

I hope that's a misprint

I've had a closer look at the trades since the rns and I've changed my mind about the drop being caused by forward selling of a placing. I don't think it was that simply because the volume of the big sells is too low. I still don't rule out shorting after it became clear that the rns wasn't getting a very enthusiastic reception. But I've come up with another possible explanation. Remember a few months ago there were a couple of weeks of high volumes with the price rising to about 2.20? It could very well be that was when the jorc was completed and a small group knew the results and bought, some of them in good amounts. But then when the news was finally released and they saw that it didn't have the expected results, they began to take their losses at whatever price they could get. It looks to me like there were a number of medium sized holders and one quite large one and the large one has actually been trying to get rid of his shares with the least market disruption. (With hindsight, he probably would have been better off taking a lowball price for the entire block and letting the mm take the risk.) It might all be a lot of rubbish, but you gotta admit I'm creative.

Sorry guys, but the trading just doesn't say 'insider information' to me. What it does say to me is either pre-selling of a placing or selling after the disappointing reaction to the rns, with some fair sized shorting thrown in in the last few days. I hope it's shorting, because all those shares will have to be bought back. Keep in mind hat I have been known to be wrong one or two times in the past. Lol

Still, I don't think the company is going under quite yet. At worst, a placing. At best, just disappointed holders selling. And in the middle, a placing, but with a strategic partner. Well, if that's what it takes to get things moving, I'm not totaly against it.

Could also be holders who were holding on forever waiting for the jorc and were disappointed that when it finally came, it got such a ho-hum reaction. I certainly wouldn't rule out a placing, but from the trading since the rns, I would suspect impatient holders first. I may be very wrong, but that's what it looks like to me.

I'm hoping to see a "we know of no reason" rns tomorrow. Might be wishful thinking.

The sp drop was pretty much all on low volumes, so I don't suspect company trouble. More likely disappointed holders who got tired of no news and a constantly deteriorating sp. Without news, the sp will probably continue to drift off into the sunset. C'mon Larry, talk to us!

Hey, if those six steps are part of a pump and dump, I say pump away!

If JTP wants his own holding in angs to be worth anything more than the current sp, he'll get out of the way and let Lucan run the show. He could still make himself useful to the company, though. I've been told there are some very promising business development opportunities in the Gobi desert. Perhaps he should go there and spend the next few years looking into it. Oh, and no need to check back with the company while he's away.

e al - my biggest "shoulda" with angs is that I didn't sell when alan flagged the christmas work stoppage as being very odd. But I did listen to him and dumped my holding in ukog when he smelled that something was not right at BB. Made a very nice profit which almost covers my losses in angs. Win some, lose some, although I wish the balance was a bit more on the win some side.

Never met the man in my life - I don't move in those circles! Lol

RA - you say you have nothing to lose by joining a lawsuit against Angus. But if you sue and lose (a very realistic possibility) you will have to pay both your own and the defendants' legal costs, won't you?

I think we have to start looking at Angus differently because I suspect that's exactly what GL is doing. We now see it as an oil exploration company with two failed wells, a minority interest in a well that may or may not yield oil, and a half interest in an old gas field that doesn't seem to make much sense. But I think GL has completely changed Angus's strategy and Saltfleetby is his first move in the new direction. My guess is that he wants to get out of exploration, which carries high risk, administrative nightmares and negative cash flow, and into established energy production assets that still have a reasonable chance of further development. This cuts risks, eliminates many of the headaches of dealing with entities like SCC and provides a fairly steady immediate income stream.
If GL is really thinking along these lines, I would expect him to sell off the wells, possibly including Balcombe, and use the cash, along with the 3mln he just raised, to buy shares in producing assets.
I'm holding my shares because a year from now this company may look totally different. Right now, we can't see much of a future for Angus and the sp reflects this. But I'm betting that there is a future here, even if we can't see it very clearly at the moment.

Funky, I agree with you about the JORC. While the data in the report is important to the company, its main putpose is to allow the customers/JV partners to complete their due diligence and proceed with a deal. News of that deal should be arriving very soon and THAT's the real news that will get things moving here, not the JORC on its own.

I seem to remember in an RNS of a few months ago the phrase "oil flowed naturally to the surface". Now there's no trace of the stuff. What happened to this natually flowing oil?

It does look like a buy, though.

Whoops, just noticed the trade was from the day before, when the market was in fact around that price. Sorry, Pranchalee!

A trade at 1.85 when the market is .60-.65 and you wonder if it's a buy???? Someone knows a good thing when he sees it, even if the rest of the market doesn't. Yet.

Funky, you're a master of words. Shakespeare has nothing on you. Lol