Member Info for Oktane

And along comes Sparrowhawk, aka Adrian, Gideons, Free and a dozen other too talk it down a bit to try and get back in.

Warning: bulk spamming incoming!

With everyone so bullish Yanis it may need to correct a little further until we see positive news. I got out in late March above 1.50 and haven't had any stress yet from that, happy to buy in on real news.

Adrian, Free, and a dozen other spamming names here, I'd like to yet again call Bull Shine, it is pointless to try and make sense of a bowl of Fruit Loops.

Satisfying to see some freshly painted heavy metal machinery on site getting ready to get to work.

Adrian, I have had more, and larger, long positions here than you ever have. You are one of the sadest characters I have ever encountered in many different markets.

Have a nice weekend fact free spamming this board, keep selling last week's 5.7 Shell buyout and first gas happened in March, my word what _____ you spam with.

"Gideon getting his id's mixed up and replying to himself, then pretending he did it on purpose .... PRICELESS."

Adrian will spam here all weekend, has no idea how much that repels potential new investors...

I started off an investor here, and was let down badly by the gap between RNS and delivery from ANGS, and switched to much shorted term trading here with far better results. Management here should be able to turn a gas profit given the very fortunate market conditions, but until it actually does myself and the market cap says 'we ain't sure this dog can hunt', and expectations of a bidder {Shell !!!} paying 5p for Saltfleet are rampastic excesses.

Ocelot they will be exercised as and when the share price is solidly above the exercise level, which is not yet the case for the 1.20, let alone higher strike prices. A move up to say 3.0 would change things.

Not rational to pay the full price of the strike to be long the actual shares until it is solidly in the money, and/or near expiry.

And if you sold ANGS above 1,50 like so many did you could by it back 25% cheaper...

And if you bought HUR in the last year at 1.00 you could sell it for 10x that price today...

If only you had a Wayback machine!!

You know it's AIM investors when 2 x 1.5 equals 7.2

LOL

Market cap is £15 million because:
1) Angs management has had big problems budgeting cash needs, to put it mildly, as £1 has morphed to somewhere north of £15 million to get to first gas revenues

2) ANGS has never yet set a schedule and then kept to it, currently over 2 years late on first gas.

Change both of these with profitable gas production and we will rerate. Meanwhile the realist investers are somewhat skeptical until results prove otherwise.

I now understand the large selling Friday afternoon!! Pretty much confirms the 5p Shell bid, or anyone elses, is not forthcoming anytime soon. Too bad Adrian wasted a nice weekend trying to talk it up, going to be a while longer before we see 2p.

This may be a buy soon, unfortunately will be at a lower price than recently. Good luck all long term holders, your patience should be rewarded.

Finance 101, way too complex eh??

Amazing some invest here and then ask if ANGS could 'renegotiate' the gas hedge as the price has moved far in the other direction, so that with the benefit of hindsight of course no hedge has been needed as of today.

Of course the hedge can be renegotiated, and or closed out early. All that is needed is for ANGS to pay Mercuria the present value of the future cash flows, defined as the difference between the hedge level and the forward gas prices for the range of hedge dates, adjusted for the different amounts, and all brought back to today at the relevant discount factor for each payment. I think ANGS recently mentioned an amount of £23 million as the amount this equaled.

Normally Mercuria would be demanding margin payments on this credit exposure, but since they made the loan as well, if for whatever reason ANGS fails to make payments on the hedge they have the rights to take title to SFGas field and so recover some or all of their exposure, which is part of why the loan is at 12% interest rate.

Hopefully the above helps some of the participants here of the "Gas in Mrarch!!!" level of sophistication to understand why there are some barriers to reaching 5p soon. The fact that a billion share holdings might want to lock in the current 1.20 price is a second factor in helping to understand yesterday's price action as it became more clear there is almost no chance of a 1.5p paper offer appearing near term.

This is a buy at some point, challenge is as always when and what price. Keenly following and waiting the correct moment.

Also this board is often comedy central, how some approach 'investing' is simply amazing...

Whole lotta selling this afternoon, if there is news about to come, given how leaky AIM is there is no chance a bid is about to land.

Favorite AIM bit of wisdom, the news was good but the darn market makers are pushing it down...

"The tape never lies" Jesse Livermore

As of today investors with significant funds would appear to view the £7m per month as less than likely, that is why the market cap is just over twice that amount.

Better question is where to buy into this, now down 20% from recent highs.

Have a good weekend all.

Unlike you Gideo, I think Yanis is mature enough to hold a rational view of his investments...

Thanks Yanis, there is enough volatility to provide opportunities here without clear deramping or thoughtless endless spamming like Adrian.

Initially tried investing here, failed, know you know your stuff #yanis, but do beware of putting yourself in a Stalingrad sort of position; make certain this is the best, logical place to add funds, there is a world of interesting shares out there.

News is the main driver hear, and the removal of so far the only bidder has flushed out some weak hands. Technical levels guide a bit here, I have had no regrets at all on selling out on first time above 1.50 just over a week ago. Where to buy back? today will be key, time is passing, pipelines going in, lotta big kit still to arrive and get working. This would be a great time for ANGS mgt to for the first time meet a deadline they have set. All to play for here, but getting later.

Your very correct as what is lacking here is positive sentiment, this is still a glass half empty company, the legacy of a long list of failures on everything they have tried to date, and in fact as Sageman pointed out here last week, so far much of what 'Poundland' was sold as when bought has been wildly wrong, it has cost and taken more time far, far greater than we were advised at the time. Take away the big run up in gas prices, with that stripped away it becomes clearer why the market is extreemly skeptical about ANGS management.

Now show just once, significant successful project that clearly makes a profit and everything will change, hugely for anyone holding here. All to play for, with an extra large portion of semi liquid risk, to go please!