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18/4/2023 RNS "We are expecting the well to clean up further". The clean up of the new B7T well has been going on for more than a month, and so far Angs is still working on the clean up of the new B7T well. Is this because of the constant water coming out of the B7T well? Can anyone explain this?
Half a trading day has passed. The trading volume is only 10 million. Compared with yesterday's 57 million trading volume, today's trading volume has shrunk significantly. This shows that MM is unwilling to spend costs to suppress the stock price, and retail investors are unwilling to sell their shares.
It seems that MM has no intention of continuing to suppress the stock price, and retail investors are unwilling to continue selling shares in a panic. In this way, the supply of shares is greatly reduced, while the demand may increase.
Paul Forrest owns 14%. He is selling his shares. In fact, this is good for stock prices. Because Paul Forrest would never sell his shares at a low price. He may entrust a professional trader to drive up the stock price and sell his own s hares at a high price.
Angs announced 2 RNS yesterday. One RNS is about Saltfleetby Sidetrack Well Test Results, and the other RNS is about Director/PDMR Shareholding. The first RNS is essentially good news, but its wording is somewhat vague, causing doubts among retail investors. The second RNS is essentially bearish information. MM knew in advance that after Angs announced the first positive RNS, Angs would announce the second negative RNS. Therefore, MM took the opportunity to suppress the stock price and create panic to achieve the purpose of tree shaking and buying more low-priced shares. Angs' drop yesterday should be a technical drop made by MM. Today Angs may stabilize and rebound.
Paul Forrest's selling strategy in the future is that as long as Angs announces good RNS and the stock price rises, Paul Forrest will take the opportunity to sell his holdings. In other words, if Angs does not rise, he will not sell, and if Angs rises, he will sell. So, Angs has to wait for Paul Forrest to sell out his stock before Angs can go up. This is a pain for Angs investors.lol