Member Info for Oktane

DoneK a lot will depend on the final terms, which I suspect will be painful.

The problem is the lenders are being asked to take on equity levels of risk, because if SF doesn't produce the expected cash flows then they won't get any money back. This £12m should have been via an equity raising, but given the vast amounts already raised by ANGS with zero return greatly limits equity raising possibilities. As the share price demonstrates.

Someones got to buy at the day's high price...

Market seems interested in seeing how firm shares are held if we trade below 0.92 now we know further delays are happening.

Forget 5p target, 1.5p has worked fine twice recently.

Get greedy and ANGUISH is in store.

Small long term holder, look in occasionally.

One thing that strikes me since the news on Monday is the lack of trading volume, not much over 10% of the shares outstanding have traded since the news. This tells me that most investors either plan to stay in, or it is too low to bother selling, or something else... Very different from recent market experiences of wild volume in SNDL, AMC, GME where retail players have gone crazy.

Big thank you to all the day traders and nervous Nellies for selling below 2.00.

Please panic regularly, long term risk/reward to investors liiks good at this level.

Takes us to a landmark, with latest options will exceed one billion shares, for a company that has never had any revenues from any projects to to date, though that should finally change this year as Poundland comes onstream, gotta love AIM!

HeadinSand hits nail on head.

Test about to come as we look below 1.00

After last week's unexpected placing I raised the question of could ANGS, somehow have not involved FL in that funding.

Does todays notice of further placing, once more share issue permission is granted at the AGM, confirm this view? Sure looks like it.

Still think Malcy for once got one right, uninvestable, though is tradeable, just remember to take profits, which has worked very nicely now at 1.50.

Be interesting to see if Forest fares any better than our billionaire invest did last year.

Not exactly overly optimistic exercise levels on the two year warrants.

Sure hope Forest got invited to participate in todays fund raising...the sort of thing ANGS would mess up.

One thing have learned in four years in ANGS, always, always, know when to fold 'em, ie. anytime showing decent profit book most of it.

Key level here where it ran out of gas last Sept.

Close above 1.65 would be very positive. Financing details critical, will know soon.

Volume on down movement suggests to me I will get a chance to buy in again at or below current levels at some point for a quick play, only made possible by periodic outbreaks of irrational exuberance around here.

Satisfied to have gotten out at 1.52 (see my post at that time) as it was obvious to me that Rupert would leap at the chance to get away with a breakeven trade. Recent buyers are getting a mini dose of what so many long term posters here have experienced, death by a thousand cuts as things don't quite work to plan. Budget over run from about £300k as per initial SF estimate to £12m borrowed would normally lead to complete removal of all management associated with any aspect of the planning, until then this is uninvestable but might, just might, present a quick buy sell at some point.

For all the stuck longs here, I sure hope something good comes along. A bitter lesson I have had to learn a fair few times, selling for a >90% loss is all too often better than seeing a 100% loss.

Has the poster "honestc" been banned under his latest forum name?

He was unique in both uber ramping here, and always insulting anyone not super bullish.

HinSand: Yet another insulting and abusive and always fact free post by a "genuine investors in it for the long-term" as we sit 35% off the highs on the news of Shells "backing ANGS" due to the signing of an offtake agreement.

Looks like a case of sell on the great news. Plenty of time to buy back in.

Sell stops around 0.95?

Thanks for that. Agreed AIM is only for PIN money, way too much opportunity in main markets to risk significant part or wealth here.

Skwizz, as our resident expert investor, how is your core energy portfolio investment in BP working out this week?

Let me guess;
A) you decided to short term trade out at 305 and are looking to buy back in
B) you are long and wrong, down nearly 10% on a significant stake

BBBBBBBBBBBBB

"Fade Indicators" always useful if above 80% wrong...

09.10
1.525
Degsey multi ramp posts is one of the most reliable sell signals on AIM, quite a track record he has!
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Not 100% but darn close, thanks for posting this morning and improving my trade timing.