Member Info for nhawan

I suspect SOU is going to back out since there is not way ANGS BoD would want to sell for less than 2p per share. Most of the SOU investors were against the deal so some must have got hints of the cancellation.

A takeover would have to be over 3-4p. If SOU has decided to beat the previous offer of 1.5p then it may well reach 2p+.

This seems to be well on it's way to 1.5p. We have previously seen similar sp rises before news hits so someone knows something for sure.

This is heading past 1.5p soon. Someone obviously knows something hence the sp movement. The small dips are only there to scare pi's into selling so more shares are available for whoever is buying in the background. Hold on tight if I were you.

Could be a higher bid from SOU or one of the other interested parties. Anything over 3p would be nice but SP should be higher than that once SFB starts pumping gas. Best not to bail out early at this stage of the game.

This will be near 2p as production nears so a steady rise until then is expected. The SFB gas is worth mor ethan 4p on the sp so still very cheap.

There's no way SOU's bid can get anywhere near what ANGS is worth so expecting no formal offer by end of this month.

HITS, I don't think you will get in any lower so go long if you are really interested. If you are here posting for any other reason then you must have no life. No sane person would waste time here if they weren't going to trade it at some point.

"they'll look pretty silly if SOU come back and offer 1p a share firm".

They already offered higher than that and it was outright rejected and had to increase offer to 1.5p, a 50% increase on the original offer. The placing has diluted the shares in issue by around 13% so I doubt SOU can suddenly decide to offer 50% less than 1.5p and the BoD will accept it.
At worst case I think SOU might still stay with the 1.5p offer rather than increase it further but the 5 other potential buyers could pip them at the post.

Bargain buy in price for sure. This will be well over 1p by end of Feb whether SOU makes an offer or not since SFB will be much closer to first gas.

HITS, It's actually a 2 month delay. The plan was to get things up and running end of Feb, Early March. Now it's end of March, Early April. We all know many processes are delayed due to the pandemic in all industries so it's quite normal for certain things to take longer than expected.

Taverham, does a plumber get their pipes soldered off site before installation? It's obvious they will be assembled on site to get the correct positioning, etc. If they welded off-site then the transportation would be a nightmare and I doubt that is allowed in the planning permissions.

There's no way SOU can buy the 50% + shares required to undertake a hostile takeover. Even with the 13.5% of shares that have approved their offer it would require SOU to buy another 36.5% on the open market. I doubt they would get that many shares for less than 1.5p average. Anyone accumulating such large amounts will push the sp way over 3p within days.

The company will have to continue SFB development while they wait for any offers. The only reason they would pause development is if a serious offer was in the pipeline.

Looks like a good time to get back in. It bounced off a support according to charts and is consolidating around this price.

Yanis, I'm guessing it's because the market does not think the company is going to get results from SFB or can't sell the company easily. Even the SOU offer was a bit strange sincethey made an offer without even seeing any confidential information. The BoD need to get a move on and get to first gas soon.

MM's will need to lower the ASK if they want buyers but at the moment the spread is too wide. I guess they are trying to relieve the weak of their shares. Dropping on pretty low volume but ASK is still 1.15p.

The charts look positive so worth a punt. Can't really put a negative spin on it for now ;)

@ 15:49:49 there's a sell for 95 shares worth £1.09. What on earth. How does anyone make money with that kind of trade??

Perhaps now the disclosure deadline is passed they buyers will start coming in.