RE: GREAT DAY WELL DONE ANGUS WELL DONE LUCAN27 Jul 2021 09:18
With a billion shares outstanding and 0.4% of that trading on an average day, anyone trading £5k or £10k has an impact on the price, as we have seen from the yo yo moves recently.
With a billion long shares potentially selling into any sustained rise, ANGS is going to need decent confirmed gas flows earning a net profit to pull in big new buyers, the only thing that will move this way higher.
AIM can give that on a wiff of decent news, but the heard of bulls can also get bored and move on to better grazing elsewhere on no news.
Having been in and out here many times myself find this an entertaining small oiler case study, happy to watch for now, good luck to all those are in at present, Poundland on new drill or bust in my view, rest is just PR noise.