George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
As I said, the RNS is positive, but Angs share price depends on MM. Now MM is operating against the trend to manipulate the stock price in order to do tree shaking and buy more cheap stocks. I expect the Angs share price to break 2p upwards in the next few days.
There is no doubt that what the RNS disclosed is major positive information. Angs gas production increased from 5.4mmscfd to 10mmscfd (doubled production). The stock price of Angs now depends on MM's interpretation of the RNS.
Starting next week, Angs' RNS could come anytime. There is a high probability that RNS may come during the trading session, rather than before the opening of the trading day. Because publishing RNS during trading hours is beneficial for MM to collect low-priced shares. This is a trick that Angs are used to. As for whether RNS is good or bad, the high probability is good.
The retail investors decide to buy shares of Angs based on the information released by Angs. As long as Angs' previously announced information about sidetrack is true and reliable and not false, the investors have nothing to worry about. It is worth noting that many companies listed on AIM like to release some misleading information to the investors.