Member Info for nhawan

will,

I'm prety sure even the derampers are here to get in at a low entry point hence the constant drivel. No one who actually believes the company is dead in the water would be wasting their time here on a daily basis. The sp cannot keep dropping to zero when it has assets more than the current mcap. I've seen companies who have announced that they are essentialy finished stay at a higher price. The recovery will start when some positive news comes or when Balcombe preparation/approval is obtained.

The spread gives a false impression. The sells are at 1.32p and buys are 1.3375p. So there are actually more buys than sells but volume is pretty low today. Everyone waiting for tomorrows conference call.

Careful with the ramping or else rxdav is gonna start posting even more drivel to try and get down to his entry point.
But seriously, I reckon you are correct. The sp is consolidating and likely to take off before Thrusday's conference call.

from trolls/derampers over the last week or two and there is a good reason for that. They know full well it is oversold and trying to get other fearful pi's to sell out so they can buy in at a rock bottom price. If the share is really worthless then why are these guys wasting time on here posting constant troll posts?
The sp is lower than it's asset value.

I think the sp will not hit it's all time bottom again before the conference call. Next week will be very interesting especially if the BoD have a surprise or two to share.

The Portland is a proven oil bearing zone so it is inexplicable why ANGS are trying to sell the license without even testing it. UKOG are pumping oil of there and will be increasing the oil with production more horizontal wells so there is no reason why ANGS can't do the same. To give up without even trying is pathetic.

Let's face it Kenny, you missed the bottom. Now way it is going bwon before the conference call. They must be confident to even schedule one.

This could go alot higher if there has been a leak. They must have set a conference call date for something otherwise why would they expose themselves to abuse after the Brockham debacle.

All that deramping last night and sp hasn't even moved. I reckon this is near enough the bottom. A rise in the run up to the conference call is very likely. 2p by next week.

It's in an RNS. 11th July at 5.30pm UK time
Could be interesting since they are doing it after trading hours.

Class action will only cause the company to go into liquidation and no one will get anything out of it. The share is way oversold at the moment. Give it some time and will be back over 2.5p where it belongs. I suspect a rise will be certain before the run up to the conference call.

All that deramping was for nothing if you didn't get in at 1.2p ;)

You haven't left ANGS behind hence you are here deramping like crazy. We all know the current price is oversold and are trying to get a good re-entry price. If you were truly washing your hands of this share then you would not be here.

Remember Brockham was only 23% of the total assets value yet the sp is down more than 300-400% of its value.

Some nice buys coming through. Come on sellers, sell more. MM's need the shares...

Rather a large number of new visitors trying their best to scare people into selling. If you all think it's dead in the water then why are you wasting time here?
The truth is that everyone is trying to get an entry price because they know it's going to move very soon since it's oversold.

Let's see how many more of the weak sell at a price lower than the asset value of the company. All the sells are being soaked up hence why the sp is stabilizing around this price.

Well I'm back in now. watch it go lower as usual...

The moment there is any news of an investigation into the company the sp will collapse. I would not want to be in if anything like that happens over the coming weeks.

The sad thing is that if they had announced Brockham was a dud back in December or January then the sp may have only retraced to around the 5-6p mark. They waited and fed investors BS while they arranged a placing. I'm guessing the placees shorted it to 4p before the placing RNS anyway so no loss to them.

Although many are saying it's oversold there has to be something special on the horizon to entice people back in. AIM oil companies seem incapable of working on different prospects in parallel. I would have expected the Blacombe planning apps to have been readied alongside the Brockham stuff but sadly they haven't even got anything to submit until maybe August.

Looks like fall of this year for anything to happen. The sp will almost certainly hit sub 1p as people go elsewhere short term.

Problem with taking legal action is that is would most likely force the company to go into liquidation. At the moment the sell off is understandable but eventually there should be positivity coming back as we move forward with Balcombe and the gas field.
Short term the outlook looks grim with a drop to 1p possible but longer term (6 months) I think sp should recover to 3p at least.

Maybe now it will get back over 2p where it belongs.

Brockham was worth 26% of the total assets to ANGS on 26th March 2019. With the addition of the gas field a few weeks back wouldn't the value of Brockham be even less? Does not make sense why the sp is nearly 60% down today and over 170% down from the placing price of 4.25p used for the gas field purchase.