ANGS22 Aug 2022 16:14
Followed ANGS for a while and decided today to buy 1,250,000 shs just paid 1.32. Nothing is certain in this game, but if the gas flows as they expect, I can see the shares re-rating significantly due to gas prices now and into the winter. I doubt they would have increased earlier this year the ownership of the field to 100% unless they, and their institutional backers, thought that the deal would have been very accretive, plus that transaction was funded not much lower than at these levels. Time now to sit back and wait, if they deliver we can move to say 1.55 and after that the trajectory from a chart perspective should be compelling, but let's see if they deliver the goods first. Enough from me and DYOR