Member Info for ivans

not just ANGS, almost everything is down badly today.

bottom line, we should safely rise from here as other bidding is coming. 1.4p should be base.

opportunity to buy cheap.

if this go lower, i may top up some more. gold price will go crazy soon

above 1800 and will soon shot to 1900 !!
we need to promote our gold assets to wider market!

now we know why so many derampers recently. they probably get paid by some parties to keep sp low, such that they can table low ball offer.

its very clear that even 1.4p is not accepted by ANGS, as such any offer will be north of that (above 2p). if this doesnt convince you for buying, i dont know what will.

why some desperate to sell? or placing being arranged? hope not

for those not yet, take alook at BOIL, they will drill large gas asset in Timor Leste and mcap still sub 10p. the key is to buy before rerate prior to result, which they always do similar to ADV. Asset was with SHELL

been moving some cash from ADV (whatever left :( ) to BOIL myself

how come RBD been rising and yet UJO still behind? will some start buying UJO too soon after this?

only minority say below 20% will support the low ball offer, especially as they are in complot with SOU to accept that offer, perhaps in return of some position in the enlarger company.

nevertheless, majority of holders will not support low offer. so am still expecting other offer above 2p.

time will tell

There has been good news this week on EDR, EOG and UJO with their low mcap , with Wressle production increasing and very positive cash flow.

There has been unlucky for ADV but the game is not over yet. still could potential be commercial and they could be extend ing the drilling lower. there has been cases where 12m is commercial . eg below

either way, this should bounce next day or two. wont be surprised to see directors buying shares here as well

https://www.offshore-technology.com/uncategorised/newsnew-guinea-energy-talisman-discover-hydrocarbons-in-papua-new-guinea/

so based on this, we should be at least 100m mcap. but lets take 50% discount, so 50m mcap.
thats would be 6 bags from here !!

been researching and some cases you can have commercial for 12m gross especially at high oil price era.
how do we know we are duster now resulting in sp sub 1p?

some will sell and take the profit. thats what happen to Forum as they are in profit and nothing wrong with that. maybe they dont want to wait and want to use the funds elsewhere.

nevertheless, we know any offer will be above 1.4p and yes, it may take weeks before its finalised as they are now in discussion

am happy to wait and may buy more while short terms traders exiting

i think this will rise back towards 1.5p-2p at least
dropped too low and we still have cash and also second oil project to be announced soon.

out from here today. not good.
those looking to recover losses, EDR and EOG are better bet. tiny mcap sub 10m with plenty of cash and 1500 bopd from Wressle. see their RNS this morning

now that those parties (not just SOU) will have access to data and files, they will need ANGS huge potential in generating from the gas assets. we know NAV of gas project is around 3p -4p?

if so, expect minimum around 3p comes next month

our COS was calculated at much lower oil price, was it $60 or $50?
now oil price above $80 and still rising, which means the economics have improved significantly.
now strike oil and boom time

remember, we already have offtake in place with SHELL, now that we have made announcement that company for sale, others are looking to see what offer they can bid. and not low ball offer like SOU

we have not yet produced anything. however, wait till next month when we start producing gas, then we should receive more offer from other companies and should be north of 3p imho

SOU trying to buy cheap before production. no chance

ADV could rise rapidly similar to how TXP 2 years ago, from 10p to 160p !!
now lets strike oil !!

thats my target for next week