Member Info for HeadInTheSand

I'll happily stand by what I posted on UKOG.

I've already answered you more than once on why I am invested here, LS - and what price will see me out.

I wonder of you're prepared to reciprocate with the same truthfulness - have you bought into ANGS yet, or are you still "considering investing"?

This has all the signs of an absolute classic pre-placing pump n dump. By the book.

1. Much increased activity and nonsense over the last week from the PR drones, company shills, short-term traders and other cheerleaders to prime the engine.

...followed by...

2. A couple of sunshine and more jam tomorrow RNSes this morning from Sando and the company to switch the ignition on.

Unfortunately news seems to have leaked out, which has pricked the balloon far too quickly, because it takes time to forward sell 2 billion extra shares to the gormless.

Fun and games over at UKOG where - purely coincidentally - LS, who is "considering buying in", just like he alleges he is here (I know, don't all laugh at once), has recently joined in with the pre-placing rampathon from the drones and short-term traders.

Sadly for the cheerleaders, news is seemingly leaking, so the pump spike has been very short-lived.

Hang on... any risk of truthful reporting here? As Ibug just correctly pointed out, there are no "big trades" today, no matter how hard TrollHunter may try to misinform.

The average value of today's trades is around £700. That really isn't "big"... it's puny. And the largest single trade I can see is actually an apparent sell of 5 million+ shares... but that still amounts to less than ten grands' worth, so still hardly newsworthy.

Nice to see someone declaring an open agenda here. It's so much less tiresome.

Fact is that like almost all AIM smallcap oilers, UKOG was never going to be a long-term value play. There is money to be made on such companies, but only if one's going to bother short-term trading the living bejaysus out of them.

For all the backtracking being frantically attempted here, can we take it as read that, despite the earlier (and frankly, bizarre) post, UKOG's imminent placing is really not going to take place at a price of 3p, utterly regardless of whether we know details of any contractual documentation or not?

It's just a tad unlikely that any imminent placing is going to be offered out at 16 times the current mid price.

Well this is George's third puff n spin effort in about as many months... and it's seemingly delivered the same stellar results (even despite the best but frankly clumsy efforts of the cheerleading squad spamming this board with copy n paste nonsense). Anyone want to attempt to claim that the market's suddenly been fired into positivity on ANGS?

When will George realise that the market (utterly unsurprisingly) doesn't put the slightest value on his words? It's heard it all before, from present ANGS management, from past ANGS management and pretty much from every other smallcap AIM oiler. And looking at the complete non-reaction again today, it doesn't see any worth in this latest puff-fest. My 1.0p exit point looks just as far away as ever.

Not that I am one teensy little bit surprised. The only thing the market will pay any attention to - and George could do with realising this - is first gas AND audited production volumes from Poundland. Not airy-fairy geothermal burblings. Not the amazing news that Lidsey's been re-re-re-re-re-evaluated and wow, it's all of a sudden (again) the Weald's Kuwait according to the company. (I suppose that claiming that might put off having to take abandonment costs on the chin for a while longer). Just hard and verifiable results from Poundland will do. If they're good, the SP will react positively. If they're not, it'll sink.

As to the directors buying shares that George mentioned? Given the frankly staggerign similarities between ANGS and UKOG, I'm prepared to lay a fiver thatv George will take yet another leaf out of the Sando playbook and announce a monthly very small salary sacrifice scheme, where rather than trousering 100% of their monthly salaries as supplied by PI fdunding one way or another, thge directors will merely trouser 90-95% of that and spend the rest of PI-supplied funds on shares for themselves.

Either way, it's still PIs' money, just like iot is at UKOG - but I expect they'll hope PIs won't realise.

Just playing with figures.

George took over in Jan 2019. If we take the ANGS share price in Feb 2019, it was 7.0p. If we take it today it's 0.8p.

How to turn £100 into £11.42.

LS, I can guarantee you that I will no longer be holding a single ANGS share, the second my holding can be sold at 1.0p, even though that'd deliver me a c. 30% loss.

What's your average?

BV, still a smaller and thus less irritating loss, but you're absolutely right... I should have.

Don't get me wrong - the amounts involved are in no way significant, and certainly not compared to some much deeper in the mire here with whom I massively sympathise. If the SP hits 1.0p, I'm instantly out and a grand or two down - and that's fine by me.

Coinexpert (the month-old "new" ID that's suddenly popped up), I acknowledge that you're allergic to reality, because it clashes with your frankly clumsy attempts to push your narrative, but here's a couple of facts for you:

I've never been involved in any action group.

I hold ANGS shares and have held them for a considerable time.

But hey, you'll never let the truth get in the way of a spun story...

Never mind, my 1.0p sell trigger is going to be achieved with ease today, right? The market LOVES George and has immense belief in his PR outpourings, the company and all the predictions of the cheerleaders, right?

Well, I'm waiting in excited anticipation of my 1.0p "finally escape the ANGS lobsterpot with an acceptable but irritating loss" sell trigger point being hit. Can't wait...

I mean, what with all the much MUCH higher predictions that the cheerleading squad have been spamming this BB with over the last week or so (haven't seen an ASCII art rocket in a while), this has to be achieved today with ease, right? I mean that Proactive webinar from George yesterday... brimming with positivity and yet more assurances of stellar future returns... what could possibly go wrong? I mean, I'm only looking for a modest 0.2p increase on yesterday's close price to finally get out and the sudden influx of cheerleaders are all predicting the share price is going to at least quintuple within the next three or four months. So 1.0p has to be a walk in the part...

Let's see what the market makes of all this today. It tends to concentrate on the real.

Let's hope the OGA wasn't listening too carefully. Balcombe and Brockham both not part of any future predicted value? Better not mention the abandonment word, eh?

Open age da here. I'm out of this pathetic lobsterpot of a share the millisecond the sell price hits 1p. That would represent an acceptable loss for me.

Hey... if I'm to believe the recent infestation of cheerleaders, that should take no time at all to achieve, right? Let's see tomorrow if the market is as dewy-eyed and positive at today's latest spinfest, eh?

(Really not holding my breath. I imagine that at best we'll see a 5 to 7% minispike that'll last a couple of days before sinking back. And George will look as baffled as usual that the market again sets no store by his words).

...and we're infesred with PR drones parroting George's latest spin job like it been engraved on tablets of stone by the Almighty. Unsurprising.

Mind you the support monkeys need to synchronise their hymn sheets. Ocebot's latest predicted valuation is ten times less than Lucky Strike's... oops.

Someone's summoned the support monkeys. "Fly, my pretties, fly!"

Hasn't it occurred to those of a more positive outlook that putting forward fantasist predictions of six bags by early autumn, based on literally nothing more than "because George said so" actually reduces faith in the company?

"5 to 6p by early autumn"??? Landlord, a pint of what James is on, please.

What in the world is there that is set to change for ANGS so dramatically in the next 3 (or I'll be generous, 4) months?

The latest in a series of continually revised Poundland first gas estimates from George himself (whose ever-changing words are still considered as tablets of stone by some here) is "at the end of 2021". And actually, ANGS doesn't just need to achieve first gas... it also needs to have independently audited information on volumes produced.

Which is why in my very firm opinion, predicting a six bagger in the coming 3 to 4 months is bizarre fantasy (which I'll respectfully point out, James2 has form for). I'm expecting no substantive movement in any direction until Q1 2022 earliest - basically when Poundland Gas results (or lack of them) become known. And I'd bet a tenner against a penny that's exactly what the market is waiting on too.

and you know what? Gold's up to $1860.32 per ounce! Party time!

(But then again, UKOG hasn't got any of that either...)

Much as it may come to a shock to some, I'm expecting no significant movements in the ANGS SP until at least Q1 2022.

IMV the only thing that's going to make this move significantly up or down is confirmed news (positive or negative) on first gas out of Poundland. Not just that it's started to be pumped (if they get to that point), but what the audited daily volumes are.

To me, (and despite the best efforts of the pompom wavers) the market's clearly priced in its cynicism - entirely justifiably, looking at the company's track record on delivery from incorporation to date. To me, the market's clearly not interested in Weald oil re-re-re-re-revisited (which is why George and Sando over at UKOG both rapidly had to bale out into pastures new a while back), nor is the market at all impressed with "jam maybe in 5 years minimum after tens of millions of pounds get spent" geothermal stories (again the latest shiny bandwagon that both George and Sando are doing their best to distractingly point at).

Nope, for ANGS it remains just and only about Poundland. Re the Weald, in my view the best that ANGS can hope for is that it can keep convincing the OGA that none of its current assets need to be abandoned as sub-commercial - because it really doesn't need those several abandonment costs.

So, in my book? Doldrums till Jan next year.

Here's the truth about what the votes at the recent UKOG GM ACTUALLY showed:-

Board proposed Resolution 1

In favour? 660.8 million (5.00%)
Against? 32.1 million (0.24%)
Discretionary? 6.5 million (0.05%)
Withheld? 6.4 million (0.05%)
DID NOT VOTE? 12,512.2 MILLION (94.66%)

Resolution 2 shows slightly less support for the board.

Things is, with lifestyle AIM oilers, it's all too often a case of, as Daltrey said "here comes the new boss... same as the old boss". ANGS being a classic case in point, with George Lucan currently not covering himself in any more glory than Vonk did - and being eyebrow-raisingly similar in chosen tactics to Sando (think a much-drilled potato field in Lincolnshire instead of Turkey).

What tends to save incumbent BoDs is shareholder apathy. For example at the recent UKOG GM and entirely counter to the BS that the Ocebot tried to spin this morning, only c. 5% of total eligible shareholder votes were cast. The other 95% of votes simply were not cast.

Of course, voting apathy is a two-edged sword, if a disgruntled action group amasses more support than those few (66 milion out of 1,318 million) votes that people could be bothered to cast in favour of the current BoD and its resolutions just a couple of weeks back...