Member Info for Sageman

0.00000000000000000000000000000001 and that is overstating it, 😂

Bond holders crashing the price. This has nothing to do with the fundamentals just an avalanche of sellers and too few PI's as buyers. Thank god for my self imposed rule not to hold more than 2% of my portfolio in a single stock. There are so many times I bought otherwise have bought to average down with today being the best time ever (the lowest). I wait next weeks new lows as bond holders sell week by week.

My 8.36 post was removed. Am I correct that conversion is at the lowest average price for the previous 5 days? If so, given that you can sell today and deliver stock in the future (t plus 15 is still available), is it possible that stock converted today was sold last week or even the week before? In which event the more bond holders sell to crash the price when they convert the greater their profit . Please tell me this is wrong.

Whilst the bonds keep converting and there is no news this remains uninvestable. We keep hitting new lows. If anyone fancies a punt and can hold for 2 years it should be an excellent gamble. I have bottom drawered my shares and cross my fingers for 3000/5000 BOPD and Exxon JV. C'mon Art.

95.15 at present so very acceptable for the time of year

1st time I have done this but at this price, side track successful and oil futures stable this is a strong buy. Risk /reward ratio here is now excellent. £1 party = lol! However, 4-5 p party = good chance with 1-2 year time horizon.

we are now in the 2's. something is very wrong here. why are other oil and gas companies not buying our shares? why are people close to the jv not buying (there are always leaks). is it financial or is it the resource or both. **** show.

Not me Barney mine was the 1.1975 at 8.32 am. What is cooking is gas prices. We were circa 54 early June and now circa 94. The difference this makes is considerable hence my purchases. GLA

Unbalanced viewer I do not have multiple IDs and unlike some posters I post fairly infrequently.

I just bought another million. My previous comments refer.

Intuitively you think you should buy but every time the right decision would have been to sell. Thank god I have resisted the temptation to average down. GLA

Thanks HITS, being a bit contrarian I am looking very closely at the Ukraine counter offensive and its potential geopolitical impact. I expected gas prices to fall and was angry that GL missed his self imposed deadlines . Moving forwards a new spike (perhaps to 300) would give a sentiment driven rally. So there is scope for 4p this winter IMHO. But time will tell. Whether it is 4p this winter or next from the current Sp it’s a decent outcome.

Thanks for your replies. Basically we will have a better idea on 30/6.

I was just looking at Singie’s post last week. Projection 3.78 next June. FWIW my gut feeling was always that 4p was very doable here. Nice to see a similar number - a 3 bagger in 12 months, suits me nicely. GLA

HITS, I am probably in a minority on this board in that I value your posts. When the SP falls many on here find themselves drowning in a cess pool of positives that have encouraged them to over invest ignoring contrarian views. I am now looking at Angus very differently post sidetrack. I am aware of debt etc. I am also aware that we are now very cash positive. Are you saying that our current cashflow will leave us short on the £4m that needs repaying?

Sadly the company remains uninvestable whilst we have 1000 to 1 consolidation paving the way for dilution. This need s to change. Then upgraded production and JV.

This is currently not an investment opportunity as we have very little information. At best it is a punt. Firstly, they kept the cash on deposit as long as possible (I assume they earned interest, how much and what is the current cash holding net of dividend and costs). They then intend to invest the unknown cash amount into a venture that we no nothing about. So how can a Pi invest in an unknown? You can’t it would be a gamble. I assume that the value of AMC is cash plus losses. So an ideal partner may be a company that needs last minute funding prior to very profitable production. Ideally the company will have exhausted their cheap credit and be trading at a fraction of their NAV. Lots of potential here but ultimately a punt.

Treefern I believe it’s a high pressure system. That would explain the welding.

Apology accepted. Just checked the trade £11,239.99. My average is 1.8p. I am a LTH from before Saltfleetby and it has taken a lot of trading to get my B/E down. Luckily I bought more in the dip late 2021/early 2022 and then there was a spike last September that I sold lots in to otherwise I would be in poor shape. I think that anyone with a sub 2p B/E should make money here given a 1 year time horizon. Here's hoping.

Not a lie you walking 4 letter word! I just put an extra 1 in it 1.12. Takes me from 3.5m to 4.5m. It is my trade . I posted well before it appeared here and it was a buy.