This is like a house, you buy it borrowing money, you pay off the debt over time, but the house just keeps going up in value. Those of us who bought in again under the 1p look to have maximised the value. Although getting in now will still see a fantastic return. IMHO.
All the time whilst we await drilling we are banking huge amounts of money from our oil production at Wressle and elsewhere with very little overheads to shell out. I wonder what our bank account looks like?
Sophie Rose from Alliance News reports that the 1.1p offer has been taken up today and the remaining amount also at the same price has been signed off. Reporting that the shares closed at 1.33p and shares are 45% up over the year.
Angus shares keep creeping upwards. 2% gains on top of 2% gains. It was only a few weeks ago I topped up at 50% lower. If we keep this going for a few months I will be well in profit. Fracking getting the go ahead for our energy security will also be a move in the right direction. What’s not to like about Angus and it’s future.