Member Info for nhawan

You have to hold your nerve in this situation. The sp reaction to todays news is over exaggerated. Many will want out but it is precisely the time to buy for those who want to get in at a rock bottom price.

There will be a quick reversal once people decide it is at the bottom and that time may well be around now. No way should the sp be 60% down on an already depressed sp.

Shocking that the drop today is far more than what Brockham was worth to the company. Is the market valuing ANGS totally on Brockham?

Yes it's better to not panic sell after the horse has bolted. Those who sold at 2p+ are getting back in at this price as sells have dried up. Worth a trade at this price for sure.

Sells seem to have slowed down. Can't see this staying this low for long. The other assets alone are worth more than the current MCAP. Sp should recover to 2.5p short term.

What can they possibly say at the conference call now? When people have lost a ton of cash how are they gonna face the music?

There is still the Portland zone at Brockham which is a more reliable source of oil as proven by UKOG. I wonder if they will try getting oil out of that instead.

Oversold. Brockham being a failure was almost priced in. We still have Balcombe which is proven to flow. This should bounce as MM's soak up all the panic sellers shares.

I'm looking at the short term chart. The sp did a reversal from 3p on 4th June and the first retrace dropped to 3.27p before rising to 4.3p. Now another retrace has dropped to 3.4p. News is expected imminently regarding the testing at Brockham so potentially this should test 4.3p again very soon.

The low volume indicates people are just waiting and only some traders selling and hoping to get back in cheaper. According to the charts the Sp needs to bounce from around 3.30p to maintain the recent uptrend.

The low volume suggests everyone is now waiting for the next update. Those waiting for the sp to drop to 3p again may well miss the boat if it takes off again this afternoon or tomorrow.

This sp should test the 4.2p area again soon according to the charts. The dips after every recent rise have resulted in higher lows and it looks like 3.5p is the low for this dip. Should be hitting 4p+ by tomorrow afternoon imo.

I wonder if Pboo got back in. The guy was adamant this will keep dropping since there is no action on site.

Pboo trading it so now he will obviously deramp and only post an update after he has bought back in. Could get caught out if the company updates us before him though.

No one who is san eshould be selling right now. They are preparing the site and will be ready for testing imminently. The process of getting all partners approval is just a formality which GL should not have even included in the RNS's. There is a skill to wording RNS's which he doesn't seem to have.

Sp should be north of 5p by end of week.

The apparent seller is gone. I expect it will resume the uptrend shortly as those who panic sold get back in. The MM's weeding out the weak with the initial drop.
Why would anyone sell based on today's RNS? There is nothing regarding Brockham in there that was not already known. The site is being prepared for testing since last week and they will start starting very soon.

Steady rise is better for sp than a sudden spike. Strength is building at 4p and it may even close above 4.25p today. The 800K buy at 4.25p suggests shares are not that easily available.

Lol I see some trying to deramp in the hope it will pull back to 3p again. Perhaps it would be better to get in before it shoots past 5p next week.

The sp was oversold anyway. 6p would only be a recovery back to where it was before the placing put a damper of things. I expect 6p to be here as soon as well test news is announced.

Looks like a classic reversal. Should see a rise into close and then a push up tomorrrow.

The uptrend has started. Can't see this dropping below 3.5p anytime soon with operations starting again at Brockham. This should be over 4p by end of week.