Member Info for Oktane

Thank you ANGS, for the opportunity to take 20% off the table in less than a week.

Forest faces two big risks
1) success of the sidetrack, which like all drills is an unknown
2) liquidity, ona huge up day he could shift a lot of size, but it cuts both ways as he couldn't sell much on a big down day, so it is perfectly rational to take his allowed size he can sell out pre-drill results in moderate daily amounts.
The real problem here is lack of new buyers today, which will change in a flash on good drill results.

Ignoring group think and making your own decisions is key in my experience. I sold first time we reached 2,44 to a torrent of abuse here from the usual people, most of whome are now much more subdued, and buying into a news free sharp sell-off works if you have the nerve to do the Lone Trader thing.

Hopefully the 1.40 to 1.60 is where buyers emerge again, as the previous high price turning points.

Watch the volume, everyone that has bought since late August is underwater on their positions, at some point we may see capitulation as investors decide to manage their risk, this would be the buy point in my method on AIM.

Good luck to all.

Director selling of any type can hurt sentiment. The delay in publishing suggests GL is not closely directing his board.

Until the results are in from the sidetrack drill this will remain weak or stable. Flood of new buyers will come in on confirmed large additional gas flows, delays or drill problems will generate sellers.
Meanwhile light volume is good, means all the buyers since last week of August, all underwater, are sitting tight. As long as that continues, we are OK until results.

What has happened to all the "rude not to top up on the dip" posters we saw from 2.20 down to 2.00, if it was attractive there, gotta be a steal at 1.70?

We topped out repeatedly around 1.50 in the past, this might be where new buyers emerge and we stop declining without any news.

AIM usual leaky ship explains recent price weakness. Key question is will we see 127m shares for sale from Mopnday morning?
Does anyone know what the expiry date was on these warrants?
If not at expiry date today but still had some time left, then expect pretty strong offer side Monday.

Might be the unusual Friday when you do want to be out over the weekend.

Looks set for a retest of the many turning points as a high between 1.40 to 1.60. First level I'd look to get back in.

All the 'rude not to' top up buyers have done so already, the price needs to find a level to attract new buyers, in the process of doing so.

I know stop loss orders are a bad idea on AIM, more meant traders using some sort of risk management, success in trading requires brutal honesty regarding reality, and avoiding group think.

The biggest positive today is light volume, unless that changes this should just be a lull in news causing people to sit for a while. The lack of a good on-time with-budget performance from management here could well have some investers lightening up eeven at these levels.
I sold at 2.44 first time up to howls of abuse on here for my lack of faith, but long ago learned to walk my own path in trading and missing the high or low doesn't concerm me, just the net return matters.

Market makers looking for sell-stops below 1.85 this morning?

Neatly sums up my view of ANGS as well, except rather than cash need to focus on net profits, something so far elusive here, lots of debt to repay on schedule.

Small time,

Good news in Q1 more production is coming, in October sidetrack starts, there is a risk it will not flow well, so in fact some investors look at this as a news gap followed by an possibly risky sidetrack, hence take some profits or even close out here and take another look in a month. Normal AIM market action.

Two problems Jamdo, hedge is worth more than ANGS today, and very much wrong-way credit risk for Meruria

Yes, but it involves paying the NPV of the hedged flows, which today is a very large number of £ millions. Hedge was only thing that made the £12m loan possible.

Pre-gas flow the hedged amounts were deferred into next year, at an undisclosed cost.

Wouldn't want to be out over the weekend, this is a sure winner!

AIM typical market action, those brave or wise enough to buy anticipating positive events are in profit or have cashed out nice profits, anyone buying in since 26 August is looking at a mark to market loss. Didn't buy the low or sell the high but happy with the result, going to be another long play here, is it now though?

Sentiment test, yup, everyone and his dog is long here.

Ukrainian forces have collapsed the central Russian front, endangering large parts of the southern Russian forces right flank. An end to this war will move into view if the current rout continues.

That development will collapse gas prices. Let's hope ANGS can get a move on and action the sidetrack drill that was last scheduled for July, time is not a friend here.

Jamrock fundamentals here might indeed be turning positive. And good to see some buying volume. But don't assume someone buying £80k today has inside information. you would be amazed at how many individuals and private trading funds can short term trade size of say £200 million of a £/USD trade, have seen many hundereds of such speculative accounts in years inside City dealing rooms. Really huge mony does sometimes know something, but not likely here, just an individual trader or dealing company putting dowm what is in the wholesale markets a microscopic bit of capital.

BV I'm here to make money, and have done so, but unlike you I don't need to be an A_hole nor brag about anything.

Have traded ANGS from the start and my size is just fine.

Thanks for the quick big profit on news ANGS, am out and happy.

Good luck to anyone going for the big payoff from a sucessful sidetrack.

Personally been doing a lot better on AIM, and ANGS in particular, by trusting management less and grabbing obvious moves and taking my chips off the table.