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@Bernadotte - "why would it be a bad thing?"
... and it certainly wouldn't be an issue if a SM then acquired us.
No problem gkb47:-) ... that part of my post was meant as a compliment to those who add a lot of expert substance here e.g. Alan2017. All the best!
Yup Dorkingman it boils down to use of social media but I bet a lot of people are also disappointed and frustrated that they have been unable to sell into a sustained rise which has not materialised. I feel that a lot of these frustrations are coming to the fore while we wait. Currently it seems to be holders of Angus arguing with holders of Angus. Deep breath all - good times are just around the corner!
Our CEO and BoD seem to be getting a lot of heat just because they aren't streaming live ball by ball commentary from Brockham! Imagine if BP were to be issuing RNS's or tweets for everything that happened on all their sites - it would be overwhelmingly ridiculous. We are all keen to know what is going on but we just need to be patient. It can't be easy for Angus just now to know how best to communicate when there is so much noise around e.g. injunctions to keep the swampies at bay, locals to keep onside, EA making surprise visits, drones in the air, cameras/binoculars peeking out bushes, armchair oil barons, constant speculation, pressure to release premature information. The staff will be well aware of the spotlight that they are working under and it is critical for all of us that they do their jobs correctly. So just let Angus get on with the job which we will find out the results of when it's ready. Patience is the name of the game!
Thanks Alan for the clarification and explanation. Hopefully that sets the scene for a good month for Angus!
@JS490
Looks like you might have missed some of Alan2017 posts on the matter. I'll try to briefly summarise my understanding and hopefully others including Alan will correct/add anything. As this is a commercial test, the OGA want to ensure that the oil flow from Brockham is at a long term sustainable rate to maximise output. It is key to understand that the OGA want to maximise output - they are not here to limit things. I think the 300 bopd is just for starters to protect the future. Once operations/testing develops then an increase can be requested. When the well is shown that it can sustain it then the increase will be approved. In my opinion this is quite different from say an EA approval or production licence approval. Remember the production licence is for multiple wells so this operation at Brockham is long term and huge. As I say, happy to be corrected as my knowledge too will be enhanced as a result.
GLA for 2019 - the coming year is going to be pivotal for not only ANGS but ALBA, UKOG, DOR and anyone else with an interest in the Weald Basin. I hope that we can all debate in a civilised supportive way. I hope that we ALL become prosperous whether we are investors or the oil workers and their families that are doing all the hard work. I raise a glass to you all :-)
@Doubleheadedcoin
1) Currently it's (spelt correctly) only you who thinks that there is a competition here.
2) You are guessing about the reason for yesterday's (spelt correctly) share price rise. I guess it must have hurt seeing that but I don't understand why you have this hang up over another share. That's (spelt correctly) is quite a mystery!
Duster & Thom - he is on video saying it at a recent shareholder meeting. It's on youtube but you'll need to search for the link. If you can find a video of Zaza standing at a small lectern then that's probably the one to watch.
... and keep scrolling to see who is in the President's Circle!
Fizzy - you say "Hnr has dropped all year for no clear reason"
But HNR is on SETSqx https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BWC4X262GBGBXSSQ3.html
There is your reason. If you don't know the difference between SETS and SETSqx then I suggest you research this. In a nutshell, share prices on SETSqx are MM driven and SETS is investor driven.
Sorry 993444 - I missed the " " around technical. Agree 100%.
Agreed 993444 - and we saw how quickly the share price hit 50p not so long ago. This is my whole point re the TA debate which I think is a necessary one to have. I believe in EWT etc but what we are seeing (and have seen for a long time) is not market forces at work and not investing sentiment being allowed to find its own level. This is manipulation to suit an agenda which Alfa's great analysis in TBP is revealing. As I keep saying - roll on SETS!
993444 - I'm not of the opinion that we are seeing a retrace here. More like the MMs are running their own agenda here as per Alfa's analysis.
Charty - I do believe in TA under the right conditions. I have performed TA professionally in the past (back in the early 80s using graph paper and the FT!). I'm struggling to see how a share price which is: 1) predominately driven by MMs due to SETSqx and 2) only got a small fraction of what is known reflected in the share price. I'd be interested in understanding how you can apply TA under such conditions. I hope we eventually make it onto SETS asap - then we will see true market value along with better conditions for performing TA.
gkp47 - I think the crucial thing here with YD is who are the beneficial owners. Others will have a better understanding of who might be the beneficial owners.
Well good luck Charty with whatever you are doing but it's not TA and what you claim here is potentially misleading and possibly influential. As I say, too many "ifs" - all you're really saying is that the share price may go up or down - but we already know that!
Moose
Bloomberg states that Yellow Dragon's line of business is Asset Management and it is an Investment Holding company. This might mean that it is not the beneficial owner of the shares it holds - not too dissimilar to the sizeable holdings that HL, Halifax, Interactive etc will have for our holdings.
Here is a link to the FCA that defines certain categories of holder that are exempt from threshold reporting.
https://www.handbook.fca.org.uk/handbook/DTR/5/1.html
Hope this might help to clarify what we're seeing!
Hi Chartist2 - you say "The Sp shows us the current market reality and opinion." But that goes against one of the technical analysis basics which assumes that everything known has already been factored into a share's price. In the case of BMN this is clearly not the case otherwise it would be trading at a point a great deal higher. Only then can you look at retraces etc. Technical analysis requires an efficient market that is also devoid of price manipulation for agendas that are unaligned with the company's direction and its shareholders. I really think Charty that you're barking up the wrong tree here and on most AIM shares. Too many "ifs" for my liking. Another important assumption in technical analysis is that history repeats itself. The problem with charting BMN (and most AIM shares) is that you are rarely in a position for history to repeat itself due to the quickly evolving nature of AIM companies and that the dominating force influencing the share price is often not purely market driven.
I don't know if Madadascar Oil (MOIL) has been mentioned here before but aspects of that company's funding difficulties seem to resonate with what we're reading about re FRR.
There is this RNS from 24/9/2014 which appoints Hope from Outrider to the BoD and where he acquires for OMF a large equity stake in MOIL ...
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MOIL&ArticleCode=6hbcv683&ArticleHeadline=Placing_and_Open_Offer
And then this article reports that large shareholders have blocked MOIL's funding plans which forced MOIL to be delisted from AIM ...
https://www.proactiveinvestors.co.uk/companies/news/122687/madagascar-oil-set-to-leave-aim-as-it-seeks-rescue-funding-122687.html
Hmmmmm!
Agreed Blownitalready - reinforces belief in Zaza's and Steve N's integrity. Quite jaw dropping to read in places. The affidavit also gives an interesting insight into the world of raising new capital. Just shows how brazen OMF/Hope are on their website - will be interesting to read how they can justify that asset stripping FRR wasn't their objective when it's part of their business model!
Many thanks to StarRage for obtaining this (hopefully I've attributed credit correctly) and people like Mole etc for analysis.
GLA
I have reported this post to Admin. No further comment due to the sensitive nature. Hope it gets removed quickly.