Member Info for ocelot

Believe Legalease's tipple is Drambuie.

He's from a City background, so he should know what he's talking about, but, of course, nobody is obliged to take his word for gospel.

By providing his NPV figure for Saltfleetby, he is treating PIs as if they are relatively sophisticated investors.

They paid £1, agreed, and they received £2.5m.

But the NPV "right now" of 4p is based on neither what they paid nor what they received.

It is looking into the future and based on discounted forecast net cash flows.

4p was GL's NPV "right now" for Saltfleetby.

His 4-7p range was for ANGS as a whole.

... which, of course, is what GL himself says, with his valuation of ANGS in the 4-7p range.

If they do take Anguish private it will not be in PI's benefit that's for sure!
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That's exactly the point I'm making, YL!

If you believe the board will take ANGS private and that it will not be to the benefit of PIs, then you believe the company's assets are worth more than implied by the share price.

Some of those who are negative about ANGS are also those who speak of an eventual delisting.

But ANGS's assets are ANGS's assets and remain the same whether the stock is publicly-quoted or delisted.

So what is it about the company's assets that makes them sufficiently attractive for insiders allegedly to envisage taking the company private?

It's not because the share's been slow-moving that things can't accelerate all of a sudden:

Clogau is progressing as we bash our keyboards and Alba is in discussion re all of its key Greenland projects.

chittybangbang - well-played!

Skwizz - yes, please give me a little forewarning next time:-)

Did anyone sell at 11p?

It was there for a few seconds and very soon afterwards was below 10p.

The share price has come down a very long way over a protracted period of time.

Balcombe and Saltfleetby are now nearly 5 months closer than they were at the time of the Brockham RNS of 28/06.

It'll be interesting to see how quickly the share price moves when the market begins to take account of the potential of those 2 projects.

But the £ may have risen against the $.

Don't forget: oil is in $ but Genel is in £s and pence.

No U-turn, YL, ANGS was definitely NOT the other AIM oil stock I was thinking of.

Naughty of you to suggest it was.

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Wasn't thinking of ANGS, YL, was thinking of another AIM oil stock.

When you look at what is going on in another AIM oil stock at the moment (shan't mention the name), UKOG appears to be almost a blue chip!

hallmark
noun
a mark stamped on articles of gold, silver, or platinum by the British assay offices, certifying their standard of purity.

Omnishambles, isn't it?

Balcombe and Saltfleetby, Ja51 (plus any eventual additional projects).

I am criticised for posting too frequently on this board, so I won't say any more this time, having already explained my position on many occasions in the past.

Don't believe in "magic" numbers.

Do believe the upside potential is there and the downside risk is limited.