The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
some shares are down (and up) due to fracking news, EDR/IGAS. but some traders thought ANGS also in fracking?
dont be confuse. sidetracking is NOT fracking!!
ANGS has not and has no plan to do fracking.
those panic selling will be buying back in ANGS when they notice this
massive reserve in BOIL. however, production is years away and i doubt JV will happen very quick. it will take several more months to be finalised. just look at other companies trying to do JV, they all taking ages to be completed.
also, BOIL production is still years away. was expecting next year as now is where gas price is very high.
as such, my bet is some are selling here and parking in ANGS? since ANGS production just started and about to double up.
i suspect BOIL rising too fast and hence some are now profit taking them. cant blame them as they in 100%+ profit.
ANGS was the same, rose to 3p, then sold and now back to 1.6p. its like wheel.
now, those sold and buying back in ANGS as news next week. suspect ANGS will start motoring again
director are not allowed to sell if there is bad news is coming.
yes, he has his own need to sell especially as he owns large chunk , hence he probably plan to sell circa 2m shares every month.
nevertheless, the fact that he sold, means that he is not aware of any bad news coming (as otherwise he wont be allowed to sell)
so, to me, thats very positive indication.
out with some profits.been holding for sometimes.
anyway, now waiting for EOG as it has been oversold and mcap only 10m, vs 7DIG is now 13m.
EOG also been generating revenue and way undervalued vs UJO
Also worth looking at ANGS - news spudding next week.
good luck those still in 7DIG
i had mine from above 2p many months ago. was already bottom drawer when sp near 1p.
luckily didnt sell and now back to 2p.
managed to sell some as been holding for some times and need those cash.
now i wish i bought more when sp near 1p
hopefully my other shares like ANGS and EOG will start bouncing back up soon.
Shakerandmover only joined today and been deramping ANGS from day one.
he might be one of disgruntled holder who trying to buy back cheaper after he sold recently. - this is short term trader!
plus, he might be the same as the one been deramping in twitter.
best way is to block and ignore Shakerandmover
with fracking still uncertain, looks like some are selling and now buying EOG? after all, for same Wressle stake, EOG mcap is still half of EDR.
EDR 22m while EOG only 12m mcap
will come back to EDR when there is more certainty of fracking imho