Member Info for Icarus69

36% spread.

I’m as bored sitting this out as the next man, but I think collectively we need to take a bit of a reality check. Whilst OMI is off massive importance to its private investors, to Newmont it is probably one of multiple projects they have in play, with the major works diarised for some date in the future delayed due to unforseen circumstances.
Personally I had been away from stock market investing for almost 20 years before returning just over a year ago, but I’ve noticed that in that time the impatience of investors is insane. In the old days we didn’t have the internet discussion boards or research facilities we have now. We did whatever research we could, held and were often rewarded and other times not, but 13 months? (from the time NMT invested) would not have been considered a lifetime if the company was half way to multibagging.
Don’t get mewrong, I’m as guilty as the next man when it comes to impatience on the stock market, but I’ve realised that these projects takeages and I’ve had multiple opportunities to trade this and build my stake. Lessons learnt.

I agree in terms of investing your nest egg Angus is best avoided, but think this has been a traders paradise and whilst likely to become a bit dead duck to timeline of assets moving forward, there will be spikes for the traders and a possible move up in the short term. As a LTH at 15p/ps all I can do is hold average down or trade to recoup losses so I can get out of this dog asap.

Alan, maybe I’ve misunderstood, but in the past you seemed to value the assets, but not the management/ employees. Yes you are providing legitimate timelines, and I appreciate how that screws the rampers trying to make a quick 10% off the back of other investors. What I was trying to gauge was how you now value the company based on its assets. Yes they’re some way off, but how do you value Angus now.

Hoping the SP sticks around at these levels whilst awaiting funds to top up? I’ve bought at 48p, 43p, 27p, 29p, 20p and a few occasions in the 30’s I can’t fully recall. Awaiting redundancy which will unlock my work pension to invest in my SIPP. Let the manipulation continue.

Alan, there are the dreamers that still see this share as potentially a great business in the future, the realists that recognise a dog that has been oversold but has potential to recover from its current lows to maybe 4,5,6p? and those that are so ****ed off with everything Angus they’re not prepared to even consider any potential positives on the horizon. You seem to fall in the latter category now, or do you see any scope for the market cap to at least make a slight recovery based on the assets and future plans?

Hi Manro, not sure if that question was directed at me as I have the poster between our latest comments filtered, but for those not currently invested, playing a waiting game and getting in whatever the next news potentially offers a decent upside either way. For those invested already it’s a flip of a coin, with a further chance not long after.

I think most have taken their positions, with only a few like myself waiting in the wings. I was expecting a major rerate so sold at 7.502 having made a very small profit from 7.07. Once the funds were available in my SIPP to reinvest the SP didn’t go in the direction I was expecting, and the longer I’ve waited, the opportunity is there to almost double my holding for the same money. I could wait for an RNS either way on flow rates, if positive and I get in early enough I might get in below or around my 7.5p sell price and negate any risk. If negative and this tanks to previous lows it will get oversold and then recover to a level likely to give the opportunity to bag or close to in the short term.

Surely they won’t know it’s commercial until they test, so the whole point is they have to test, ‘fundamentals’ or not! Or am I missing another point?

A little bit of perspective is needed here. What we now know is that the existing assets aren’t complete duds, and could be monetised at some point in the future. That should hopefully see those assets priced into the share price to some degree be it 4,5,6p or whatever amount less or more. LTH’s will need to be here a decent amount of time to recoup losses if they bought in over 10p.

Why would anybody sell £145 worth? !!!

Small top up of just over 10000 shares this morning. Surprised we are only currently at 1.45% up. Was expecting double digits. Have 20,000+ shares in a dealing account I want to transfer in to my SIPP, but with an approximate 3 day wait till funds available, who knows where the SP will be come Thursday.

Yes, saw that Greggreen. Will be interesting to see the reaction to the SP.

Hoping this stays at these levels for a while. Awaiting funds to top up. £2m mcap just about gets you a night out in central London.

Thanks for that Bridges. All I knew about Pan Andean was an association with Clon and a recollection that my dad invested many years ago, so the additional info is much appreciated.
It’s not often i take a short term view, but looking to recoup some losses from ANGS before topping up here.

Pretty low volume though.

Bridges, not sure if you can answer this for me, but my dad purchased shares in Pan Andean and a company called Soco International a number of years before his death in 2012. Is there scope to transfer Pan Andean to my mum or is the company now private/ unlisted as far as you are aware.
Contemplating topping up in Clon or investing in Pet, can’t decide which is the better short term play.

.....or an angel ??

Agree Sparky. Fully invested across a number of shares, but in future will keep a proportion to trade on shares such as this.

Approaching price pre Uruguay news. Thought I should have got out when it went 60%, but was undecided as to just how significant the news would be on the short term share price. Oh well, the long wait for transformational news continues.