Member Info for HeadInTheSand

"The market is forward-looking, so investors have to be forward-looking, too."

I despair. The market is indeed forward-looking, in terms of the future value it expects for any company, solely because the market can neither buy nor sell at historic SP levels. That's merely stating the crushingly obvious.

However, one of the absolutely key factors that the market will take account of in formulating its predictions is track record and earned credibility. So if a company has raised tens of millions of pounds based on assurances, promises and estimates, none of which turned out to be anywhere near accurate, the market is going to take such into account when judging future potentials as again being assured, promised and estimated by the same outfit.

Maintaining that the past should be entirely ignored is just plain insane. Or deliberately deceptive. The past informs the future.

I doubt Ocelit gets a tenner a post. 50p perhaps, but that may well have been reduced over the last few weeks, since there's been zero success recently from the boiler room in sustaining (let alone raising) the UKOG share price.

Utterly unlike the UKOG CEO and board, PR drones are likely to be paid on results, not rewarded for failure.

LS will you ever manage to have an original thought or come up with a post that isn't merely copy n paste?

One can but hope...

Coupla things...

Why should anyone pay any attention to anything that ANGS has said? It's said plenty of things in the past - sadly not a single one of them has turned out to be accurate so far.

What's for the love of God is the point of quoting either past or current gas prices? Q1 21 has gone and Q2 21 has under three weeks left. George has already stated that the company's best hope is to get to first gas by the very end of this year. Now I'd personally take that latest estimate of his with a shovelful of salt, given his track record of being wildly off with his stated numbers... but leaving that to one side, what possible relevance do this year's gas prices have?

To me, the future faintly possibles that George and his PR squad are so keen to brandish are entirely irrelevant at this stage - and in those I include any Weald Oil re-re-re-re-re-re-visited and any mention of years-long and massively cash-consumptive projects like geothermal. FFS all ANGS has done re the latter is jolined some meaningless association or two (along with UKOG, that other shining example of delivering shareholder value).

ANGS needs to walk before it tries to run (as internally I'm sure it well knows, despite its efforts to big itself up in other areas). Well, actually crawling would be a start. It needs to deliver on Poundland - and until it proves it can (or not), anything else is just utterly meaningless puff and spin.

Bottom line? Without commercially viable quantities of gas out of the potato field delivering profits, ANGS has nowhere to go and no funds to go there with.

No idea, James. Seems pointless. Maybe it's Lucky Strike finally buying in as his "per post" income trickles in?

Separately, I note with mild depression but zero surprise that my 1.0p "run for the hills in huge relief with an acceptable loss" sales trigger point is receding further way.

Zapsnap, entirely correct re exchange rate. However -and it's absolutely no new news, nor has it been for months, UKOK will need to raise at least a few million in the very near-distant future to be able to proceed with Turkey and only then, start to find out how it will perform.

The looming matter of interest remains: how many millions of pounds will UKOG look to raise, how many billions of new shares will it need to issue to raise that amount and at what price will said placing be priced at, in order to be able to raise the required amount?

Well, nearer 50 posts plus 175 repeated copy n pastes of 2/3rds of yesterday's RNS fom Lucky Strike.

@gkb, yes, same old, same old.

However, looking at this BB . the biggest problem with a pump faced by ANGS has been the crashing failure of the attempted SP pump over the last 24 hours by the boiler room and short-term traders.

Surely it has to be either Gneiss or Aleph? (That is, unless JTP has done something utterly bizarre again).

If it's Gneiss, that's more of a concern, because they have some credibility at least. If it's Aleph, I suspect it all revolves round their invoicing for their "reasonable due diligence fees" - and they seem to be much more of a bunch of chancers.

What is mildly perturbing is two things. The use of the word "significant", which I'd suggest means that we must be talking about a relatively sizeable sum in ANGS terms - my guess, six figures at least. And moreover the fact that ANGS felt it had no choice but to release this news to the market by RNS (it really won't have wanted to), so it's clearly material information.

I wonder if/when we'll find out detail?

I'm gagging to sell. Shame the SP doesn't seem to be going anywhere near the ramp squad's predictions from yesterday of an opening price - the cheerleaders were claiming at the price would open doubled at 1.5p. Surprise, surprise, it hasn't.

My own ambitions for exiting were and remain more modest. I'd settle for 1.0p... doesn't look like that's happening either. Not that I am surprised at that either.

Seedcorn, the ramp squad which are infesting this board more than usual, really don't want anyone commenting on or even mentioning that third item from yesterday evening's RNS. You'll have noticed the the third item isn't ever included in their endless copy n pasting.

A more realistic view of yesterday's RNS would be:-

OGA approval... essential news.

REA membership... irrelevant news.

Invoice dispute... potentially concerning news, if only because the company has been obliged to mention this in RNS, so it's clearly not a trivial matter.

The fact that there is going to have to be a placing is - as you quite correctly point out, Ozzy (for a change) - not news in any way whatsoever. It's essential that this happens and it's already very clear as to why. This impending fact has clearly already been priced in by the market to some extent.

However, when the more swivel-eyed of cheerleaders continually repeat assurances that said impending placing is going to be priced at 0.25p, that is in my opinion worthy of comment.

So today's price of oil is as stated. That's a fact.

Despite this, as I type, UKOG's SP is currently down 5% to 0.19. That's also a fact.

Is anyone going to honestly be prepared to look ridiculous enough to support TrollHunter2's much-repeated and utterly inanely ramptastic assertion that the forthcoming placing is going to be priced at 0.25p?

Well, as we're talking about waiting for news, I'll wait to see at what price the forthcoming placing is offered out at. As has been pointed out, the placing is needed to pay for spudding before it takes place (and of course to cover off other consistently high ongoing monthly company costs)... so this news will come first.

Not that TrollHunter2's entire absence of credibility needs highlighting any further - he does quite a good enough job of that himself - but it will be wryly amusing to see how much lower than Trolly's much trumpeted 0.25p price the placing is offered at.

The bizarreness of his claims (11p share price on the way, anybody?) is as eyebrow-raising as it is amusing - I mean, even vaguely competent boiler room drones try to stay somewhere just beyond the faintest bounds of reality in their ramp attempts. Still, I don't believe for one second that he's ever held a single share.

Patrick, you're quite correct to state that there is potential money to be made out of ANGS, but - and again as you effectively plainly state - solely by treating the share as a short-term trading opportunity, so dipping in and getting out in fairly rappid succession. Nothing in ANGS' s history has ever suggested that this is a long-term value hold.

As to trolls? I'd remind you that the insincere as just as likely to do their level best to talk up a stock to maximise any short-term exit profit as they are to talk down a stock if they're looking for a (again short-term) lower entry price. It all depends whether said trolls have already taken a short-term position or are looking to take one.

So, insincerity abounds on both sides - plus there'll also be those who genuinely believe in their opinions, whether positive or negative. And I grant it can be hard to distinguish between the two, if one hasn't been particularly diligent in doing one's own research on any company or share.

However, adding to the utterly insincere ramptastic side of the equation are the company shills and boiler room PR drones - and it's ever so easy to spot trolls of that particular ilk.

Yeah should be.

Of course, just because the BOD can buy shares (as they can for 10 months every year) doesn't mean that they will buy shares...

Yanis, James is right. It is currently a closed period due to imminent interims (which lasts 30 days), so - but just currently - the BOD aren't actually allowed to trade in shares.

This of course doesn't in the least explain why the BOD have been so staggeringly inactive in putting their own skin in the game at pretty much all other times. Their failure to do so continues to very strongly suggest to the market that the board doesn't believe their own endless puff and talking up of the company.

As to what's happening? As I've said before, the issue here is one of credibility - the market very obviously isn't reacting positively to confirmed news of financing (which is unsurprising, given the amount of times that ANGS management, past and present, has failed to deliver on any promises, assurances, schedules or estimates made). So , entirely justifiable scepticism has clearly very firmly been built in by the market to today's SP.

That's why I personally strongly believe that the ANGS SP isn't now going to go anywhere dramatic (up or down), until either first gas starts being pumped in commercially viable volumes, or until the attempt to get to this point is confirmed as being unachievable. I reckon the market as a whole is exactly of like mind, so I'm not expecting any real movement until Q1 next year at the earliest.

Oh and the whole Lidsey/Brockham/Balcombe/Weald Oil thing is a quite deliberately used distraction - every bit as much as Cornish geothermal rainbow-chasing. Very much like UKOG, where Turkey is quite literally spit or bust, Poundland's the exact same thing for ANGS, no matter how much either company may try to pretend or misrepresent otherwise.

Perhaps recall glass houses, then.

Ozzy, my admittedly minor point remains that you're going to look both just a tad foolish and just a tad hypocritical if you roundly criticise others for being unable to write a cohesive sentence (as per your 11:39 Saturday post), when you show the same inability in spades with every post you make.

Nurse, mirror for Ozzy, please - plus a shot of self-awareness for good measure.