Member Info for Oktane

Ouch, anyone long at yesterday's close is down 1/8 on the day, whole lotta new longs look to get shaken out before this will go higher. Below 1.09 is where it gets critical.

"The stock market trades to inflict the maximum amount of pain" old Wall Street wisdom based on hard experience

Classic AIM, current shareholders as usual take the hit. Trading near 1.40 and now around 1.15.

Largest and institutional shareholder dumps 12% of float well above current prices, you would have to be very blind to not see how many marked cards are being dealt at this table.

We get full production revenues, but must cover all the hedge, loan and abandonment costs. Selling the asset must be the plan as most buyers would want 100% ownership.

It helps me or anyone currently out looking for an entry price; I sold above 1.50 in March and never had any pressure as prices have not yet gone near those highs. Given the slip to mid June first gas the market may take its time to digest this news and test the stickiness of the 1.09 level. If I read the RNS right Forest came offload 94m shares from Friday, if it happens we will at best move sideways as we await 94m shares of new buyers to arrive.

As expected, interesting times.

We are not down 9%. These are not the Droids you are looking for.

Need large gas production for the price to appreciate from these levels.

Large institutional selling, opposite of what we have been assured has been happening by the happy rampy crew, is always a negative sign, though maybe ANGS will prove the exception to the rule. More likely to stop out nervous longs below 1.15 before the recent highs are taken out. Getting interesting.

How could I masnage without Shareflyer's daily deep anaysis?

Prices go up with more buyers than sellers
Prices fo down with more sellers than buyers

Market makers make the spread and provide liquidity. Lack of news, time slipping past, exit door seeing small bit a traffic, we a slightly down. It really is that complicated.

ocelot
"Couple more points about the warrants:
1/ they expire after 2 years from issue (late January 2021 for the bulk of them, from memory:
2/ they are not negotiable, ie a warrant holder can only realise any gains on them by exercising them and then selling all or part of the shares thereby acquired."

What you are not understanding is if the 1.20's expire in Jan 2023 there normally would be no reason to exercise them now at a share price of 1.30 or say a higher level such as 2.30.
Unless the holder was concerned that the current price is likely the highest price he will see, and so exercise-receive share-sell-get cash now.
In most cases the invester would hold until near or at expiry because he participates in price appreciation, but has not had to (borrow of fund) use his cash to pay to be long.
So early exercise is both unlikely and not bullish. The only exception to this is if we are above 1.20 exercise level and the investor is desperate for cash flow at say 2.30 and so early exercises and gets cashed out. Hope this helps.

Adrian's weekend pass until ADMIN returns Monday morning, whata life, hope he eventually gets some help.

Yanis I have been in your position a couple times, normal outcome is loose everything, so yup, grab your initial stake back for sure, trim sails, and run a bit is exactly what I would do as well.
We should see a pop here at some point, but likewise I exxpect a wave of profit taking shortly after said pop, market has long memories and taking chips off the ANGS table is the only way I will play here, got burned trying to run anything longer term. Good luck.

Yanis, having suffered so loong, and wrong, if it popped up 3x on flow testing would you:
A) close out,
B) get your stake out and run the rest,
C) do nothing,
D) or buy some more?

Yanis on confirmed profitable gas production it will get past the three year high of 1.59.

Until then there are 1.3 billion shares looking to take profits or cut loosed pre results, and this is causing us to pause as we get anywhere near the 3yr highs. Add in the extreem ramping by the likes of Sharefyler and that just adds to the sellers, when the market is fully long the herd is often disappointed, and then it corrects and up we go. You have ridden it this long, should still be a big winner for you this year. But next time maybe better follow the sage advice of "strong convictions, loosely held" to avoid another Kursk sort of engagement with your next position trade, there are easier ways.

More incremental progress +

Top day if as it appears Admin hawk ate the sparrowhawk and is no more!

Really need to see unhedged production next month to get a decent rise in price here. Market seems undecided if mgt can get it over the line in time to score before the hedge crushes profits on 1 July.

Risk off day as speculators reduce exposures, globally zero revenue companies getting hit the hardest.

Until profitable, sustained production with net profits happens here this will move sidewise or down. Potential of making big profits in June with unhedged production is why we are above the last placing price. Every day now impacts the likelyhood of this event, today we are seeing a bit of exiting.

Time for mgt to deliver. I and I suspect many others am out until there is a bit more real profitiable progress. Too many of us remember last time ANGS was going to 'turn the taps on' and when it came time to show their cards they didn't even have a pair. Market has a long memory of that sort of fiasco. Come on ANGS, May production!

DF Man, NICE!
A picture says it all https://twitter.com/davethedrill1

Yanis, James, HIS, other sane readers, personally a fair bit of my investing here is the amazing entertainment as certain speculators wiggle, tell porkies, and spam to try to influence the market. On the one hand we have our offshore huge prive office investor with direct access to the boards inner thought and his paid twitter crew; the other is a multi personalities Adrian banned here and on twitter under many names Gideonnnnnnnnnnnns Sparrowhawk Freeasabird Couldhave... always manipulating, possible insight into what happens if a sneeze occurs during a frontal lobotomy, enough material for a full BPS weekend conference, Comedy Gold here.

Also ANGS, nearly time to show what cards you are holding, sure hope this is the time they finally get something to work outas planned, otherwise the loan originators will be the only ones making profits from Saltfleet.

charletip in addition to what Croq put very well, the share price will not go higher until real confirmed profitable sustainable production happens, any sharp rise before that will likely be short lived. There are nearly 1.4 billion shares owned by someone, the selling recently is merely some of them taking profits or cutting losses as a risk measure. If you check my posts you will see in recent times I played it long and sold out at the end of March above 1.50. This is worth a play, my caution is just as Croqman in that the management here so far has a 100% record of failure. Hopefully that will soon change.

Tune out the couple the multi ID spamming Nutjob spouting manipulative position talk, this is someone that has been banned under a dozen different IDs and is an argument against Care in the Community.

Bottom feeder, posts like yours are heavily correlated with market tops on AIM where everyone is super bullish.

And the Nutjob 1 and Nutjob 2 are trying to disown each other.

Yanis if kit and assemly and testing is completed on schedule, is or is it not a source of possible delay getting final sign offs to transfer gas from say National Grid, or is this just something that we won't know until it happens on time or otherwise?

Two things for Adrian, Sparrowhawk, Gideon, Freeasabird and the whole team to read up on:

Schizophrenia and DID- Mixed Personality Disorder

From Sir Spam-a-lot and his multiple IDs combined with dazzling trade skills.

Still have some in here, signs of life for the first ime in years, 20% churn and up 50% will get this back on a whole lot of watch lists.

Day like today shows the potential IF significant profits could ever be achieved. We're still waiting Steve!