Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
What the hell is going on with Angus' share price?-this is a bloody farce.Excellent news about the work starting early...so what the fcuk isn't this reflected in the share price???-we should be looking at 6.50 to 7.50 now.
Ludicrous.Chariot get exploration deals and they fly up 66%,we start work on sorting an oil rich well and the price falls!
Yes for those fortunate enough to be able to average down at that price..but fundamentals make it obvious this is chronically undervalued, so I don't see why people don't hold on for a 300 or 400% pop when we reach double figures. ..it's as plain as the nose on my face that this is heading back to 12 or 13p,it seems there are far more traders happy with a small pop than LTHs waiting for either the big money, or to break even.
I agree,RxDav,excelled article indeed..bur I'm just bewildered why it isn't being reflected in the sp?!-share price action this morning ha's been pathetic. ..should be 6.50 now....what exactly IS the market makers problem?
Disappointed to see it end only at 6p yrstwrday,in the light of all the permissions granted...hoping today we will see it back up to 6.50 levels...for some reason,MMs still cautious.I don't see the sense in traders selling for a 1 or 2p pop when this is certain to rise to 8/9p I'm the coming weeks...and 10p++ ...why settle for a miserable 7% when traders could easily get 40% or 50%?-
You can only average down so many times,unless you happen to be a millionaire! -I averaged down and bought at 12 and 8.Many of us averaged down,and still ended up in the red....I just wish they would let this fly, instead of suppressing it. ...
Surely it can't just be day traders.I imagine the MMs are showing buys as sells,so we may well be looking at 12 million buys.The ISA tax deadline has passed, so we shouldn't be seeing this volume of sells.
Obviously are really buys.
Fantastic day and happy to see the sp over 6p,but disappointed to see flagging momentum when we should be roaring back up to 6.50p.
Chariot have gone up 24% today on a chance to explore unproven oil fields,we are up 7% on permission to fix the well on proven oil reserves.Char's previous spuds have all been dusters,Angus have proven oil assets.
Doesn't make any sense!-we should be the ones up 24%!
Come on Angus!-let's see 8 or 9 this week!
Long overdue,stop teasing us market makers!
I agree RXdav
Sentiment does drove AIM- sentiment towards Angus is now much more positive-which is why it's so bizarre that we aren't 6 or 7p now.
Who is being stupid and selling at these prices????
Hardly stupid at all-MMs do manipulate the sp for any number of reasons,including giving iis an opportunity to get in at a bargain price.
I can't think of any other reason the price is so low.
Nomlungu
The Nutech estimates from 2016 were that there were aproximately 24.1 million's of barrels of oil (MMB0) per square metre.
With an average recovery factor set at a conservative 20%, that gives us 16 MMBO and therefore 2200 bopd for 20 years..and this is set at a very cautious 20% recovery rate.
So yes we do have some evidence that Brockham is capable of exponential flow rates,though id be happy with 500 bopd...should be easily achievable once the water problem is resolved (i.e this month!)
Now can you see how farcically mispriced we are?
That the sp is still here-should be nearing 7 or even 8p now.. things have changed substantively since xmas-they've vastly improved....and there is every reason why 11p would be a reasonable and realistic valuation.
Oil company Market Cap is based on oil reserves/flow not on whether an oil company is producing. Explorers that actually find substantial amounts of oil still get very high,in fact stratospheric valuations-which is why it's so absurd that Angus-with proven high flow rates at Balcombe,and evidence of high oil levels at Brockham isn't in double figures.
The MMs must be artificially holding the space back so their mates can get in.
From what I can see,sentiment is very positive,which makes the current sp so frustrating.
Hoping to see 6p this afternoon. .we broke the resistance at 5.76,should already be over 6...
UKOG is way more diluted than Angus-which is why,even with good prices the sp rise is constrained.
Nope...we're going to have a glut..of oil and new investors jumping ship from ukog,rmp etc
They should all jump before the approvals start coming in,because that's when it's going to be a lot more expensive to get on board!-easily a double bagger from.this price ...
Im bewildered as to why we are at this absurd price.The placing rumours were unfounded lies,promulgated by one bitter UKOG investor out of sheer spite.No placing at this stage.
The board have outlined a clear,dynamic and systematic plan of action,and are implementing it,according to an organised schedule.They are keeping us well informed with professional PR.
So why the fuck is NONE of this reflected in the sp? ???-the value of the PROVEN FLOWS at Balcombe aren't reflected.The Nutech report of 2016 confirms there are substantial reserves of oil at Brockham.
Perhaps if there is a market maker here,they can explain this bizarre mispricing?
Expecting to see 7 to 10p within the week as newsflow comes in,but really should be much higher as sod all is factored in.
Sorry I can't let that one go!-"until the water is separated from the oil,the share price is worth more or less what it is now"
With all due respect, this is manifestly untrue!-the 2016 Nutech report proved that Brockham has commercial quantities of oil,and even discounting that,Balcombe alone with flows of 3000 bopd and 1800 bopd is a massive asset.In both cases,there are proven oil reserves in commercially viable quantities.
If Angus had hit a duster-like RMP-I could certainly understand this kind of space, but the oil is there,just a minor water issue,and with a much more efficient and organised management-this should be I double figures. .and indeed will be.
This remains massively undervalued,but that is now being remedied thank God.
Sp (share price)-not space. ..predictive text was invented by an utter moron lol....
Seriously the only reason I can think why there wasn't a sharp spike yesterday is people selling up before the end of the tax year....
After a really positive AGM,I'm frankly amazed that the space didn't end at 6.50.