We would love to hear your thoughts about our site and services, please take our survey here.
"needing £20m loan with a £17m market value" says it all.
Almost everyone here (except the one well known average downer that insults all) understands this, and why we are trading at an all time low price.
Unfortunately relevant question: those stuck long and very long, where do you cut your losses, or do you ride it all the way with no risk management?
Fact is we are trading at 0.45p and NO ONE that has invested and held at any time in last six years is showing a mark to market loss.
Becomes harder to make silk purses from the current pig's ear that is the financial performance we are experiencing. Very, very happy to be remaining out, have bought in here eight times and also got out for losses and profits. Never happier than today to be watching but not in the lobster pot.
If the market cap dips below £20m some of the large holders could be required to exit their positions due to liquidity regulaory rules they operate under - that's about .48 or so, would need to close there, do not think the market and market makers are unaware of this.
Need more average downers, if any are still interested or solvent.
Most AIM investors have a loose or no risk management, however there are many funds that can not be invested in < £20 million market cap shares, this is a bit below 0.50 and will feel like large sell stops, hope doesn't happen to all here that are long and under water (everyone).
Slowly, slowly, the shoe is beginning to drop as to how there is a measurable chance:
1) Share float of 3.6B today could easily be > 5B by Feb 2024
2) The company might be bought, not at 1.5 as was offereed, but 0.3 to 0.4, and taken private
AIM is a difficult place to buy and hold long-term, most of us on here have paid real money to learn this...
This can certainly change, but today front Nat Gas and ANGS share price has an R2 (correlation) of -0.23,
or in other words currenly moving in opposite directions.
Until the debt mess created converting a £1 bought Saltfleet to a producing gas field is resorted, and the risk to many billions new shares is gone, the share price is going to struggle.
Making new lows is either the buy of the decade for ANGS supporters, or a signal to use the ejection seat button.
Won't be long before it is clear which is correct.
Is there even a faint chance you understand what may happen if we have all the debt converted to equity at 0.40, and then the company is taken over at that level as they will have the votes, to your averaging down?
I'll stay with PRICELESS!