Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
On a pure investment basis, the BOD of Angus Energy cannot be trusted nor can the assets they have in their portfolio. With that in mind, I am going to put a shareprice tag of 0.0025p to 0.0075p per share until such time Angus Energy starts to deliver on their plans and are generting cash flow. If ever!
Disclosure: I sold out a little over 2 weeks ago between 3.2 & 3.4p...purely on a gut feeling that Brockham was going to be a duster. Thank God I did...and my money is now working 24/7 in the crypto space in several crypto utilities. Never again will I invest 1p in Angus Energy (at any price) or in any AIM company.
Good luck all.
Regards,
Gpmh1
"He believes that the current SP at 3.575p reflects Angus’s actual valuation. All time low close ... beggars belief!" Yanis, with some positive RNS's, a return of market and shareholder sentiment/confidence and a timeline of oil revenues from our assets...of course Angus share price would no doubt see 10p and above pretty quickly. Until then, the market has absolutely no reason whatsoever to value Angus Energy at 10p now...not unless there is a leak of price sensitive news re. Brockham etc. Im a reasonably large shareholder in Angus Energy and I would love to see the sp way above the current price...but I totally understand why it's currently what it is at 3.575p. Roll on some good news... Regards, Gpmh1
Yanis,
Your last reply to me was so ridiculous I just laughed and saved my energy not to reply. However, you deserve a reply that may calm your irrational posts on this forum.
In 2017 market sentiment & investor appetite was very high regards to Weald Basin/Kimmeridge Assets...due to the extensive news & hype from Mr. Lenigas and his 100 Million Barrels under the weald....and AIM punters simply bought into the story sending Angus Energy's Share Price into a FALSE orbit without a single drop of produced oil from the Kimmeridge! FACT!
Over the past 2 years Angus Energy simply did not live up to all the hype and for one reason or another Angus Energy's share price collapsed back down to reality...based on thier lack of earnings & production from Brockham. FACT!
O&G companies are NOT valued on "anticipation", they are valued on X-Times earnings in which Angus Energy has feck-all at this moment. Therefore, market sentiment in Kimmeridge assets and confidence in Angus Energy is at an all time low...hence why Angus Energy's share price is also at an all time low. That said, I do personally believe things are going to change for the positive very soon...IMVHO.
Regards,
Gpmh1
Yanis,
You wrote: "Words are cheap. Dividends (jam) tomorrow? No thanks, screw that ... I want the SP to stop the decline and get to where it should be. I want the MD to bring value to the shareholders (get the SP up)."
My question to you is, where EXACTLY do you think the share price of Angus Energy should be? 4p, 5p, 10p, 15p, 20p...or somewhere in-between or higher?
Further, please explain to the board here why Angus Energy should be valued higher than their current sp valuation...with only a few barrels of oil production & income from Lidsey that doesn't even cover the salaries of the BOD!
Without further immediate oil production & income from ALL of Angus Energy's current assets, the market has valued Angus Energy at today's closing sp of 3.575p...and I'm reluctant to say that today's shareprice is probably not too far off from being close to Angus's actual valuation.
For Angus Energy's shareprice to move northwards, we need Brockham to come good & produce, we need Balcombe to be successful & produce, we need Lidsey to up it's game and produce more than it currently is...and we also need to get this new gas acquisition over the line to add further value to Angus Energy. (and whatever else Angus have in the pipeline).
Your continuous negative spin and gripes with GL simply does not make any sense when GL/Angus Energy have clearly set out a time-table of events for the testing equipment to arrive at Brockham circa someday next week...and as and from this moment GL/Angus Energy have not RNS'd any deviation from that time-table!
Regards,
Gpmh1
Yanis,
GL set out his stall in his opening letter to shareholder and his subsequent 3 recorded interviews just last week.
In fairness the man comes across very professional, businesslike, financially shrewd with a more tactical approach to getting the best out of Angus Energy's current assets....while also diversifying into new asset revenue streams.
He also wants to deliver for all shareholders and he also feels that he can offer shareholders a small but meaningful Dividend within 3 years...and he doesn't say that likely, so he said!
How could you possibly say "he seems comfortable with decimating the SP"?? That to me is a very silly statement to make when you have absolutely no evidence to support that fact.
Shares do go up and down Yanis and in fact the majority of AIM company shares have more down days per year than they do up days per year...especially on the AIM!
The trick is to take profits on the up days for very few retail investors do...and then they complain when the share goes down again.
Lucan deserves every chance to get Angus Energy moving in the right direction and he has my full support. right now.
Regards,
Gpmh1
gmed,
Retail investors are important to the likes of Angus Energy no doubt, but I for one would welcome more institutions to mop up and absorb a large percentage of the daily shares traded right now...as it may help reduce the negativity and emotion surrounding Angus Energy from the retail side.
Regards,
Gpmh1
Interesting to note UKOG pumping 2 to 3 truck loads of oil per day and yet their shareprice is down to 1p and dropping. Are they simply out of flavour with the market also, or something else going on perhaps?
Just an observation.
Regards,
Gpmh1
rxdav,
We of course have no evidence of anything during this quiet period/radio silence, however to have had a complete and utter blanket of silence from finger tapper Lenigas, Tidswell and Angus Energy on Twitter these past several weeks that leads me to believe that something is either very wrong at Brockham...or something is in the works regarding corporate activity that involves Lenigas as he needs to finance his new Australian assset/s.
Who knows, UKOG could be sniffing around Brockham (Doriemus %) due to their new operatorship of Holmwood licence (next door) whom are said to be searching for new drill sites OUTSIDE the area of outstanding natural beauty...for which Brockham is situated. Remember, Brockham has planning permission for several wells...a new Holmwood site wont.
Im not in the camp of thinking Brockham is or will be a failure, I am more in the camp that Angus need to play their cards very cleverly regards to their next moves at Brockham that will benefit all shareholders going forwards...and if that means a slight delay in operations, I can live with that.
Purely my own thoughts and I'm open to be slapped down with endless criticisms... :)))
Regards,
Gpmh1
Radio silence is needed during any negotiation/corporate activity to protect the finer details of whatever is being negotiated. I guess all will be revealed pretty soon, making June a very interesting/transformational month for Angus Energy, stakeholders and shareholders...hopefully sending the shareprice skywards.
Regards,
Gpmh1
Yanis,
You remarked, "The point I am trying to make here, and I think is shared by many others, is the fact that the SP since placing sunk to all time lows for no apparent reason."
My reply:
There are indeed numerous reasons the SP has sunk to the current levels as I alluded to in my previous posts...
1) A large pool of speculators /gamblers exited in mass (and not returned as yet) once the placing was announced, hence dropping the share price.
2) The market in general were spooked (and still are) by lack of clarity regarding Brockham test equipment arriving on site, hence the share price taking a further hit.
3) The market in general were (and still are) also spooked by Angus Energy's proposed acquisition of a gas asset outside of their Weald Basin comfort zone, hence the sp in further negative territory.
4) Angus Energy have introduced a further 71 Million+ new shares into circulation, which is a further kick in the nuts to Long Term Retail Shareholders...some of whom have also exited Angus Energy to seek better investment opportunities elsewhere .
5) Shorters prey on negativity and no doubt they have got their pound of flesh shorting Angus Energy these past few weeks.
6) And finally...there could possibly be further corporate activity going on behind the scenes that is surpressing the share price. However, as I stated previously this is pure conjecture on my behalf...or at least a gut feeling of some form of consolidation/asset swap/partnership between key weald basin players.
Regards,
Gpmh1
Yanis,
I am speaking solely on behalf of myself, not you or any other shareholder on this forum...regarding waiting weeks/months for Brockham Test Result News-Flow.
Please remember, Angus Energy received planning permission at Brockham to do a LONG TERM TEST under VERY strict guidleines from Surrey County Council. Therefore, even if Tidswell/Angus Energy do get oil flowing from the Kimmeridge at Brockham, they need to be ultra careful on what they report to the market as the bopd could drop off significantly over a short period of time (hence my weeks/months statement). Further, even if Brockham flowed perfectly without issue or drop off in bodp volumes, there are bopd limits on what Angus Energy can produce...and this all plays into my mindset and my expectations regarding Brockham.
Like you, I just want the dam thing to flow oil and watch the share price climb as a result...but things are never that simple or straightforward in my experience.
Regards,
Gpmh1
Yorkshire,
From my experience, there is a certain size pool of AIM genuine investors...and there are also another size pool (generally a larger pool) of speculators/gamblers.
The smaller size pool of genuine investors generally hold onto their shares through thick & thin (no matter what) in the hopes that they will make a profit on their investment.
The larger size pool of speculators/gamblers continually buy & sell in and out of AIM companies chasing the next big story (Example: UJO-Union Jack Oil etc etc)...and as soon as news drops they sell up and move onto the next big thing having made some £££.
Angus Energy is "currently" out of flavour with a large size pool of speculators/gambers due to whats happening over at UJO and whatever other big story is currently going around on AIM. However, as soon as (or before) Angus announce some positive news...you can bet your bottom dollar that Angus Energy's daily share volume will take off as the speculators/gamblers arrive back and in doing so the share price will rise imho.
As for shorting Angus Energy, my guess is were several professional outfits or individuals shorting Angus Energy up until recently...but I am not in any position to confirm that.
Regards,
Gpmh1
YorkshireLife,
I am reserving any positive or negative judgement regards to Tidswell until AFTER we see what happens at Brockham over the next weeks/months. Tidswell is a major shareholder, he wants Brockham to flow oil, he wants a higher share price (probably more than any of us)...and he wants Angus Energy to be successful. What more can you actually ask for? We are dealing with an O&G company trying to open up a new play (Kimmeridge) ...and nobody said it was going to be easy (except Vonk in multiple 1 on 1 interviews).
Regards,
Gpmh1
Yanis,
I dont agree with your views on Vonk V Lucan.
IF Lucan was Angus Energy's Managing Director from August 2018, shareholders would not have suffered Vonks over-hyped bull**** regarding "Star-Wars" at Brockham...almost tempting PI's to invest further in Angus Energy. No CEO or MD should be allowed to trump up O&G assets like that (Turn on the Taps)...before a single drop of oil flowed from Brockham. Simply Crazy!!!
There are over 120 Million EXTRA Angus Energy shares in issue since Christmas 2018 which has diluted Angus Energy's share price...and I do not blame George Lucan for that. George Lucan deserves a chance to put things right...and the time to do so is now.
Regards,
Gpmh1
Messy??!!
George Lucan RNS'd yesterday 29th May the following...
"We now look forward to progressing operations at the Company's existing portfolio as previously outlined to Shareholders and completing the acquisition of the Gas Field asset, documentation of which continues to progress satisfactorily."
Nothing has altered or changed from Angus Energy's stated timelines or information within their interviews and pdf presentations....and IF there were changes George Lucan surely would have RNS'd them yesterday.
Therefore, I expect some action at Brockham sooner rather than later...plus.
Regards,
Gpmh1
https://twitter.com/angusenergyplc/status/1133653614810021889
It just takes 1 very price sensitive RNS to put serious fire under Angus Energy's share price...and the daily negative emotions on this forum will change in an instant!!!
I would hope to see such an RNS (or several) very soon...for all shareholders on this forum.
Regards,
Gpmh1
Baits & Sila242: I totally agree and well said by both of you!
As far as I'm concerned, circa 95% of the chat on this forum is pure and utter bo??ox created by either shorters, day-traders, impatient/immature gamblers and/or people who just seem to love attacking the very company that they are supposedly invested in.
In the good old days when I invested in Bula, Conroy, Providence, Tullow Oil, Burren Energy, Cairn Energy, Dragon Oil, Premier O&G etc etc etc etc.....one simply just invested and sat-back and hoped for the best. There was no daily running-commentry, no twitter feed to voice views, no slagging off the management...and Investors/shareholders in those days were mature and patient with their investment. Further, RNS's were far an few between...but when good news was released in was GAME ON! ;))
Geoogre Lucan is no more than 4 months in his new job at Angus and yet he has sorted out the boardroom issues, he has given shareholders an approximate time-table of operations (nothing is cast in cement in an O&G company) AND he is currently trying to nail down a very good acquistion/opporunity/S that will no doubt create value for ALL shareholders going forwards.
I have in vested in Angus Energy since DAY 1. Am I happy with the progress to date? Absolutely not! However, as an experienced investor one always looks FORWARD instead of backwards...and one also takes full advantage of a very cheap shareprice! I look forward to George Lucan delivering value for shareholder over the next 12 months...for sure.
Enough said.
Regards,
Gpmh1
Alan,
I have to say, I am not too familiar with Borris Johnson or the whole Brexit debacle within the UK...as I myself am an Irish/EU citizen more interested in Irish/EU politics and policies. Life does not centre around Brexit here, thank goodness!
As for everything else, no matter what I write you will have some form of disparaging come-back or a twist on my words, so what's the point? I am an Angus Energy shareholder and as I previously stated, I am here to make money...nothing more and nothing less.
Regards,
Gpmh1
Alan,
I'm sorry, but one does not have the time to thrawl back through your posting history on LSE or on Twitter to show you your own arrogance and your disrespect of certain individuals whom disagree with you...or see things differently than you do. We are all here to make money, not to argue with each other...no matter what opinions we have.
As for my Ego being bruised, hehehehe...you make me laugh Alan. I do not have an Ego period...but what I do have is a 30 understanding of investing in O&G companies and my "pure fantasys" as you call them have been a certain % correct many times with regards to corporate activity, acquisitions and the likes.
Have a nice day,
Gpmh1