Member Info for HeadInTheSand

I started with a Commodore 64, as it happens (never did like the rubber keys on those Spectrum doorstops - but my all-time fave a little later on was my Amiga 500. What a fab machine it was... ahead of its time when released, but ruined by greedy and moronic management at CBM.

Speaking of which, I was involved in at a meeting with Commodore Business Machines, where a serious and genuine bid was tabled for the company, its assets (including company jet) and its entire IP. This was turned down and the company shortly imploded afterwards (with from memory the German outfit Escom initially picking up rights to at least the brand).

On second thoughts, Amit really isn't that clever, so you may actually have given him the idea for his latest utter BS excuse, Scotty.

Amit has also cued up the DaaP buyer never having to be revealed, because it is (of course) "a legal requirement that the commencement of licence payment notifications predates the DaaP announcement". (Shyeah, right).

So as long as the paying agent continues to have problems with his Sinclair ZX81, it's a "legal requirement" that the alleged DaaP buyer remains forever shrouded in mystery...

Amit could (and will) spin this on and on ad infinitum.

I love that someone predicted the exact latest line of BS that Amit would spin.

Who was it now? Oh yes... well done, Scotty!

scotty020

Today 15:33

Posts: 13

Price: 0.00

No Opinion

I have my money on 1 day Microsoft outage resulting in 10 week 'pause'.

Neither of them are soaking up any stock. They're both oh so obvious short term traders trying to exit with a small profit and leaving others holding the bag. It's the usual trite "pass the parcel bomb" stuff.

Separately, Mystic Meg Onetomany's appalling run of form in prediction isn't improving (unsurprisingly).

KZ was ill-prepared and badly scripted. He demonstrated that he actually knew next to nothing about the company.

Are you honestly surprised at Zielecki's rank amateurishness? I mean, this is the same eejit who within 42 seconds of the PR puffjob starting categorically stated that SFBY was averaging 2 million scuffs of daily production. Yes, the clueless chairman undercalled actual field gas production by a factor of three!

With friends like that, ANGS clearly doesn't need enemies.

Mystic Meg still frenetically ramping with his usual non-existent accuracy. Comedy gold again.

Correction to Ocelot's misrepresentation. Trafigura does not appear to be overly concerned that it won't get back any monies lent (and then some).

That is categorically not the same thing as Trafigura solely relying on ANGS being able to fully repay it.

I'm genuinely interested as to what Amit can actually be taken to task for, legally speaking - and also under what nation's jurisdiction. Hopefully something that can be made to stick - but I somewhat have my doubts.

It is true that the UK has no statute of limitations that would apply to criminal offences (leaving aside minor summary offences). The US does, but it's hugely varied , dependant on jurisdiction.

Interestingly, the UK does have a statute of limitations on civil claims which depends on the nature of said civil action. For example, losses under simple contract must be claimed within a six year period, or become unclaimable.

Provided that Amit has not been using updates to try to persuade holders to buy shares in recent years, the one thing that needs to be borne in mind is that in my opinion it is not per se criminally wrong to lie one's ass off by issuing BS updates on a company's website. Sure, it's ethically wrong and it probably might get the BSer disqualified from holding any directorships for a period (if actioned under UK regs) - but it would not be criminally wrong.

This hopefully starts to become more interesting... at last.

Assessing where the company stands today and where it is likely to go in the future?

That's what the market does - and its very clear answer for many months has been and continues to be "Not upwards".

Simon, without any new workover, I'd guess that daily production will average at best around the 0.17m cubic metre mark.

That'd be around 6m scuffs a day (not 2m, Krzysztof you idiot) or if you'd rather, around 1.8m therms a month.

That's desperate, even by Ocelot's already crashingly low standards.

Simon, I actually suspect you are one of the very few genuine positive posters here, amid the usual motley collection of day traders and company shills.

I'm one for Occam's razor, I'm afraid, namely that the simplest solution is by far the most likely to be accurate. On that basis, although one might just about be able to make a case for some serious skullduggery behind the scenes, with one or more large holders artificially depressing the shareprice for their own nefarious ends, that just smacks all a bit too Illuminati for me.

You have your opinion, which you are of course absolutely entitled to, and I have mine. More tellingly, the market as a whole very clearly has its opinion, and I've always tended to find that its opinion (as expressed in any share price) holds the most weight of all. It seems to me that the reason for the current (and let's face it, long-term) SP level is much more because the market is entirely underwhelmed by the situation and prospects of ANGS, rather than being down to the behind-the-scenes actions of some secret insider cabal.

Simon, "blight" is another very loaded choice of word.

Again, the actual state of things would solely indicate that those with a less than positive view on ANGS have to date invariably been proven right time and again - and on that basis, surely any "blight" would far more accurately refer to those IDS who continually cheerlead for the company, without having any substance to back up their frenetic pompom waving - and who therefore, regardless of motivation, would be the ones misleading newcomers?

Separately, you talk about a sustained volume seller whose activities are depressing the SP. That's worth discussing - does this alleged volume seller even exist? A quick look at the charts shows that ANGS's typical daily traded volume is typically well under 10 million shares (so, roughly less than £30k's worth), which is an entirely irrelevant amount in the greater scheme of things, as I am sure you'd agree.

However and looking at the last six months, there have been six occasions where daily trading volumes have spiked to 5x higher (so, 50+ million shares traded) - but that's still only just over 1% of the total shares in issue.

So I'm not sure that one can deduce from this that there is a volume seller in the background. Maybe there is... but why would those parties that do have volume holdings (all of whom are close to the company) be selling, if this is such a surefire banker?

Also, if you look, you'll find that the details of the new replacement hedges have in fact been declared (they're detailed in the HY report). What's not been informed is the detail behind the offtake agreement with Trafigura.

"When the inevitable tide does turn..."

I'd argue with your use of the word "inevitable ", Simon. As would history, which as I'm sure you're aware shows an I exportable slide downwards over almost any meaningfully long period one could pick. Good luck to you, but I'd surmise you're being swayed by blind hope, rather than the reality of things.

The tide inevitably turning? Or the ANGS SP inexorably circling the drain? To date and throughout the company's entire history, the latter metaphor fits a whole heap better than the former.

...meanwhile the SP retraces back downwards (of course doing the exact opposite of what Mystic Meg Onetomany predicted. Yet again).

Let's hope no newcomers listened to the cheerleaders' Pied Piper routines today, then.

An omen, Onetomany? Still desperately Mystic Megging?

Allow me to remind you what you posted on the 5th of Jan this year, when the ANGS share price was 0.50.

Onetomany

Posted in: ANGS

Posts: 309

Price: 0.50

RE: Positive indicators

5 Jan 2024 14:35

Barney I think once funding terms are clarified and signed then that in itself will have a major boost. Gas I’m expecting to reach 120+ over the coming cold months and a storage partner update also due within Q1.

Take a look at the CPR and the many references to it by the BoD. End of March I expect 1.5p if not more.

I don't disagree with 1984 on Bitcoin, as it happens.

By the way, 1984, since you've often set yourself up on this BB as the grammar and spelling police, bewailing the ignorance of other posters, "It’s market cap will go to zero..." is not your finest hour.

Reassuring, not measuring

That's more measuring, at least regarding daily production.

However, what on God's green earth was the chairman drinking, when he claimed in interview only a few days ago that average daily production was only 2mmscfd? It seems that he should be kept away from cameras in future, if he makes that sort of crass error.