Member Info for Oktane

"WWal17, and what SP would you want to be bought out then?"

Another incisive posting from our trading legent, down >70% from recent hights and riding it aall the way down!

Comedy Gold, and no, I have not had a position since seling out higher, and have suggested caution, and as one of your many deramping list people, have been 100% correct.

Big LOL

Expensive debt is a short-termproblem.

So is the fact that anyone that bought anything since April 2022 and held is now at a loss. With a whole lot of 3.6 billion shares outstanding held by investors at a loss, and Paul Forest looking to sell big size in a market with little volume,only a relative small group, like our local trading guru BV, are still showing a positive mark-to-market. Until we see a wave of new investors the above is a heavy wet blanket on prices because for the immediate future we are unlikely to see any surprise in the form of new good news, as gas futures doubling did nothing.

Sadly, the big winners of the last nine months are the short sellers, who have been given nothing in today's RNS to suggest covering now. Good trade location to buy and hold, if you trust ANGS management over the medium term, it doesn't appear that the market does, our finance expert GL hasn't exactly be brilliant obtaining affordable borrowing terms.

Price action here stinks, no one that has bought since Feb and holds is in profit. Sentiment is bad because we got the big news, and no sizzle, so traders all moved off. Someone holds 3.6 billion shares, many at a loss today.

Far, far more attractive to play gas futures or a big established producer to make profits on higher gas this winter, than to sit here at the mercy of JL deciding to spent tons of money on a geothermal unicorn chase.

When (if)gas prices surge so will ANGS. The catch is my money put elsewhere will earn far more. We should see a rally at some point on rising prices, just don't get greedy is my take. Am happily out and may place a short-term long play again, but reaction so far to increased UK gas futures suggests ain't no sizzle here today.

BV needs to check facts before joining into an actual conversation about the company. You actually haven't realized still that giving away 8% of revenues after the swap hedge finishes was part of the £12m loan arrangement?

Maybe spend less time thinking up insults, and more time reading company documents would help both yourself and everyone on this board?

Factor HITs might have added is:

Loyal opposition party even more insane in pushing for net zero, looking to close down Aberdeen's oil services employment and ban North Sea new drilling. With this sort of madness loose in the country, it certainly isn't helping market sentiment in any UK based fossil fuels company.

Post net zero family conversation: "Dad, what did people use before candles for lighting at night?"

"Electricity"

Is it the super low volume, or down 5% on the day that tells you there is a steady buyer?

Asking for a friend...

BV just for the record, do you thrive on being the poster with the most admin deleted posts for your consistent civility?

And

1) I owned 2.99% of ANGS

2) I have never owned any ANGS (fixation answer)

3) I'm a trader and none of your business

Time to fix bayonets and charge if you are an average downer?

Someone is cutting their risk and dumping more on the market than there are buyers for. If you belive in ANGS management we must be close to an attractive buy level.

Personally have been out for some time, considering another short-term position but waiting for a spark of some type.

Certain amount of reflection needed by some on here that have scuffed at realistic appraisals of what is not perfect at ANGS, not to mentioned the unbalanced constant abuse hurdlers. Skeptics on ANGS, surprizingly given we are finally producing something, have not been proven wrong yet.

Lurking in the back of the mind of anyone investing here is what will the actual flow depletion rate be per year?

This is an old, partially drained field previously abandoned as uneconomic to get the rest out.

Annual production declines of say 8% are way different than say 28%. Anyone averaging down best have some deep insight into what they expect here, as it very much matters to larger more sophisticated investors looking at ANGS as an investment.

Have to say I didn't expect tumbleweeds volume of 1m first hour trading at 1.30 bid a week after the expected positive RNS.

There is good support all the way down, but zero new buy and hold interest. This ain't going anywhere until we get some sizzle, and the glass returns to half full.

Hope the average down players determination is rewarded. Personally I learned the hard way long ago to do the opposite - back your winning hands with bigger bets, and cut your losses pretty early. Very exspensive schooling for most, and averaging down is the leading cause of the demise of a speculator.

Starbright excellent post. My purpose here is to make money, much of it from people that have no idea what you are talking about. Perhaps go silent on basic accounting, as the play over A/R date is basic stuff here and should work here this time...

Whistle, puts amount of float in perspective.

Almost everyone understands LSE buy/sell data is useless, except BV

It is not complicated.

What does it take for prices to go up? More buyers

What has the volume been since the RNS? Barely 1% of outstanding shares on day of news, less since

Why aren't we moving up today: 3.6billion holders, more than you might think are wanting to exit here for better opportunities elsewhere.

Soon as that changes, and big volume arrives, then we can go higher.

A wildcard is sometimes on AIM us mushrooms are the last to learn about some significant development, for example GL is inking an agreement to spend far more than we will ever earn on geothermal dwarfs caves in Cornwell...

That will help new investors look in here for sure.

But first we need to handle the departure of so many 'sure thing 3p' investors who realize that isn't happening this week. Any many hundreds of millions of new issued shares from the last 18 months that are possibly looking to exit to find better opportunities are putting a heavy lid on the market.

And I am also a 10 or 30% trader much of the time, but I normally only talk positions when I have exited one, and if asked will give reasons. AIM is ripe with hustlers trying to get others to move prices their way so they can profit.

And I have no interest at all in anyone's average, or position talk, experince has taught me that with speculators accounts of self-worth are usually best halved, then halved again, to get near where reality lies. Someone like Push2's gloating of short-term profits of his side-kicks buying at the low is usually signs of losses and or insecurity.

It may not stay negative for long.

But today, 3.6 billion shares outstanding, with how many available for sale this side of 2.00? Including Forester there could be a billion plus available to sell - to rise abve this at least that many buy AND HOLD purchases are needed. In a word, we need the herd to arrive, so far today's 30 million traded isn't doing it.

Second point is ANGS is already valued at £57 million, with over £20 million of debt to pay back, so there is a bit already priced in at 1.5.

Finally, being AIM, we have seen the departure of many uber rampers who tried to convince the unsophisticated that this was a sure thing to zoom to 3p on news. Guess what, these hustlers have mostly grabbed the usual 10 or 30% profit and moved on to the next AIM tent to start their latest pitch.

AIM is an impatient place, and if expected news doesn't deliver a rise many traders move on to the next sure thing.

Also there is a huge amount of stock for sale from 1.65 to just over 2.00 due to all the raises and our big share holder closing positions, which will require many, many new outside buyers to power it higher. This will come on confirmed big profits, but again, we are not there today.

Worth another trading buy - yes - but from what level? Nothing today telling me to rush back in, other's may have different opinions.

Final comment on this character: in many years experience in many markets, it is always the case when a 'reasonable and informed' participant goes into Mr Hyde mode it always, always means:

He took a big hit here, and is lashing out because his 90% COS ended up costing him and he 'got his face ripped off'

Feel sorry for any naive AIM investors that were influenced by the cult like following of our recenting departed P2 character.

His fan-boy drone BV seems to be subdued, maybe too many potential insult targets to process today?