Member Info for Sageman

HITS, thanks but even if this does lead to a subsequent placing from my perspective the RNS is still additive as the placing will be at a higher sp and thus less dilution. Time will tell but fingers crossed. Hopefully if an offer occurs it would happen post an increase in the sp . Thus if we are already at 2p then a 50% uplift would take us to 3p..who knows. Based on the companies £43m valuation (now higher due to commodity prices) 3p is very doable possibly more.

For me the RNS is good news. Like many here I gave up the dream a long time ago. I have averaged down to under 3p. My sole aim is to escape financially unscathed. A profit would be a bonus. If this news provides me with a swift exit for at least some of my money then that is very welcome.

ECH, the value of a share price is the market cap divided by the shares in issue. so increase the shares by 50% and unless the Mcap similarly increases the SP drops. This is exacerbated by the fact that when the placing happens it is done to institutional investors who typically demand a discount and then cash in quickly creating excess supply.

ECH, I am not about to take investment advice from someone as poorly qualified as you! Saltfleetby combined with gas prices at current levels ( something that the BOD couldn’t have imagined) means that I should escape in profit. The dilution I could do without.

ECH, I am sorry but your last post demonstrates that you have zero knowledge of investments. Dilution is the enemy of investors. Take one look at UKOG and you will quickly see what happens to the sp. It solely works when the money is used to buy new assets at discount prices that then increase substantially in value. Sadly Angus will probably buy a vanity project or use it to keep the lights on.

New Years resolution for Sanderson . One word “ resign”.

HITS, Some good photo's on Twitter show encouraging signs of progress. A placing will not be needed if gas is produced Feb/March time . It remains all about timescales to first gas and cashflow. In the meantime everything is just a guess however knowledgeable the poster may seem. I would rather hold this than U-DOG any day. Sanderson (aka Billy no shares the great diluter and destroyer of wealth) sees shareholders as providers of free money. He has no wish to increase shareholder value .

Yanis , as you say the EA approval is OS and the most recent RNS resembles a work of fiction. We need evidential proof of progress and a realistic believable timeline to production. If production is still per the RNS then Angus needs to prove we are on target. The current SP reflects that Mr market is expressing complete disbelief.

Lots of hot air on this board. All we want is an RNS with detail about where we are and when gas will flow. I still believe that I can escape from here at a B/E and that 5 p is possible but the market needs solid dependable news.

Well mr Bum or since you have repeated yourself perhaps total arse is more appropriate. The SP here hit 7p. One heck of a turnaround since then! A 6 fold increase but you call it a dog. This share is bound to be volatile I guess you are new to shares and have never heard of investing. An investment should be held over years not weeks. GLA

ECH- I have read every RNS and am well aware of the failures. Per my earlier post this has been rescued by commodity prices. The management are rubbish but eventually production multiplied by price per therm will do the talking. In the meantime I am very chilled. GLA

Great so every PI knows more about the company than the management. Laughable and somewhat egotistical on behalf of the posters themselves. For my part I am very relaxed and await the next RNS as opposed to listening to self appointed experts who actually "know" SFA and present their suppositions as fact. I await an RNS and actual production like the rest of the market!

I read posts here with incredulity. The last RNS was only 26th October. They said they are aiming for 1st gas in Feb but the CPR is still set for 15/3. Thus if they hit gas in Feb they would be ahead of their revised schedule. They also said that they aimed to give a further update during November. Forgive me but we are still in November!!! Personally I am very relaxed..crap company, crap management but they got lucky due to the spike in gas. I still expect to escape here in profit but the SP awaits news of actual production.

I think that some posters need to accept that in 2020 Tullow was in a difficult place. A debt mountain with debts maturing and creditors very uncomfortable. Oil went to $20 per barrel and the BOD did not have a crystal ball and thus did not know vaccines would appear 1 year earlier than forecast and rescue the global economy. The sales they made were forced sales so there is no point bleating on endlessly about them with 20/20 hindsight. Without those sales the company may arguably gone into liquidation (that's why the sp hit 7p DOH!) . The outlook now is very different so lets move on...

Some one asked me what the difference was between SS and a bucket of turd? For the life of me I didn't know does anyone else?

Jubilee.....nothing has happened recently- doh! We are not talking 2020 when we tanked to 7p.

Investment in shares is supposed to be that. You do your research and then you invest for a period of time. In the meantime the SP will rise and fall based on news and sentiment. Sentiment is illogical and fickle. Ultimately nothing fundamental has happened here to drive down the SP. Thus if you have done decent research and trust it and are not "balls deep" already this is an opportunity to buy the dip. I bought another 100,000 on Friday , happy to buy the dip in the same way as I repurchased equity trackers on October 6th (happy to buy the dip). Good luck All

Sanderson strikes again. Another big success to chalk up for the share holders...."the train is leaving the station". Planning consent is normally the product of meticulous research and well presented documents. You need a team of professionals. Sadly we have a bunch of amateurs who know they are simply rubbish. So rubbish that they never invest here!

I think a bit of RNS reading is merited. 19th June 2019. At $50 per therm estimated net value of Saltfleetby to Angus = £49.6m.
Company market cap today is £10m!!!!!
The price of gas today is????!!!

People who call this poundland in this environment are clearly intellectually derelict.

Odins , I had 2 total woofers that were showing similar losses to the ones you cited.. 88e and Petro Matad. A miracle happened they shot up in value and like you I escaped earlier this year 75% losses to good levels of profit so there is always hope . I got out of Matad at 6-8 and 88e just over 4. They are now 1.65 and 2.7 respectively. I may re buy them. I never blame anyone for making money. Each to their own Good luck