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Hits, totally agree and that was the reason RH came in to ANGS. The price has collapsed and the Mcap. But they are producing gas. So what is the objective? Saltfleetby project will be sold to a large gas supplier. RH aim was always to make this a cheap buyout to a mate in the industry. The question is how does this benefit pi's? The loans will be cleared after the buyout, GL and RH know that. Once the permanent connector is in, consistency will be in place. The question is will this benefit the pi's or just the Eton boys? time will tell.
System Entry Volume, Saltfleetby, D+1 : 0.2660 .... 9.39mmscfd . Definitely positive flow rates and moving in the right direction, brilliant. Now for a good finish for the closing price. A good weekend to be happy and a pick up next week for ANGS.
Agree. GL was always overly excited on any news. However, I do question RH appointment and what is his real intention. I think the Saltfleetby project could be sold with this being or can be the biggest game changer. Nothing has changed in terms of timescales, what to expect from the next RNS, all abit hit and miss . Better transparency is needed from ANGS as we have been patient. The goal post needs to be stable.
The answers to the recent questions have not been reassuring. Has RH added any additional benefit to ANGS? Since RH has arrived, the share price has tanked. GL may have been overly excited in the past, but I think RH has added nothing of great value. If anything, we are more ambiguous about the current situation. Sorry to say, I am questionning RH more than GL about the direction of ANGS. I don't think RH is the way forward. Time will tell.
Hi Onetomany, is 0.5p the price you are hoping to buy in at? You said 0.75p yesterday. I'm not sure if many pi's will panic sell to help you. Probably best to press buy now, I wouldn't keep luring pi's to sell for your sake, not worth it really.
I have to agree. The price will move when we least expect it. Since positive news, the price has moved down by 30%. We have been hovering here since the beginning of May, the equivalent of being suspended. We need definitive news with the permanent connector and consistent flow rates. When this is confirmed, projected figures can be determined. A good run rate, the share price will move in the right direction.
Whenever this share price has momentum, the selling ensures this is kept low. Seems to be a repetitive pattern. Ideally would like to know who is selling in the background. Doesn't seem to be numerous sellers. This process is very deja vu.
As a company, ANGS is doing everything it's supposed to be doing. Saltfleetby is performing and producing, which is reassuring. From a share price, ANGS cannot determine this. The best 2 performing companies on LSE from Friday, ITS and AMGO. Both on the brink of collapse. AMGO was up at one point to 276%. Fun and games, sure both doing really well, lol. Once the permanent connector is in place at B7T and the flow rates are consistantly above 10mmscfd, the price will start to move. Q3 around the corner, so not long to go.
04/06/2023 System Entry Volume, Saltfleetby, D+1: 0.2632(9.24mmscfd).
05/06/2023 System Entry Volume, Saltfleetby, D+1: 0.2637(9.31mmscfd)
Once the permanent connector is in place for B7T well, the flow rates will be 10mmscfd plus and consistency will be more defined.
In time, PF will be reducing his holdings. For now, an impact on price, but will not be an issue in time. Plus, gas prices should increase in winter months. In time, the price will hopefully move one way. It's foundation time at the moment. Once the above iron out, things will start to look better.
0.2601 =9.185mmscfd. We are seeing positive flow rates of late. Consistency and confidence is key. The progression speaks for itself. The days of spikes should be behind us. Hopefully, result driven moving forward. A game of patience and thumbs up, this will grab the attention needed.
Hi HITS : you wrote, "so it's now going to involve waiting for the actual hard numbers to do the talking." Do you think we are now at the true value? The price before was hyped and the recent RNS was not of any positive value?
I appreciate there needs to be calmness, be patient. But we are all individuals with personal strategies. Some are hoping for the price to slip further to maximise their entry price, i get that. Permanent connector in the summer, hopefully consistent flow rates, all good news. Since the last RNS(decent one), we have slipped down by 30%. I'm sure pi's are concerned and rightly so. This has dipped more than any other oil and gas company over the last 9 working days. Hopefully, some questions have been put forward for end of month Q&A. Nothing ANGS can do about the share price, i know. Hoping for confidence to build in this as time will tell.