Yep.
Issue is the virus and the debt being serviced in whatever the new world looks like. Personally I dont think there will be any seismic shifts, so more a case of how long they can sustain. Can see bags, but I am worried about some wipeouts in the market.
If you followed my posts you would know all that. Now please stick to angus rather than me.
No I agree there. Just you seem to think that this will go back up at some point - and the nature of the market would suggest that could happen - but equally you could get money in others. I genuinely dont believe this will do anything of note and latest rns confirms more of the same.
That said I wouldnt invest even if I knew it was to ten bag. Sometimes money isnt enough.
But I dont get why you have to "recover losses" here? Cut and run to next one that is more honest. Never get emotional on a share and tie yourself up. What if a ftse share does a bag and this remains the same price? You cant play the whatif game, but there are much better options out there in this landscape.
I see no material difference in management, timelines or value in this share. It is history repeating - which is why the cheerleaders are squirming because they know this to be true but dont want to face up to the losses. But like I say, there are other opportunities out there.
Why on earth would you? The rns once again is exactly as feared - can kick. There are far less risky punts for similar rewards, even in the ftse. Further funding needed, and nothing for rest of year. Sounds like brockham again doesnt it.
Would not touch this with a rather large pole. If Balcombe was a company maker, why hasnt it been done already? Oh that is right, because we need to tangle a carrot until we have to admit it is worthless...
In the history of angus, when has it bagged from such an update? Halved, yes, bagged no.
But why would you bother using angus name? It is toxic to many, it would have been better for a new company to do it. Lucan has zero oil and gas experience, though he does speak Arabic as several RNS told us. Maybe that is for the rto of Saudi Arabia.
Cant wait for the latest fairytale at investor call.
Gkb,
Unless of course his friends were the ones shorting.... There is a murky side which a few here flippantly dismiss. There is a dodgy share structure (why do you need something so complicated?). Somebody is making money in all this... how did tidswell repay the loan? Be very interesting investigating all his accounts. Remember this is the guy that tried to hid his share dealing (and lied about what happened there too).
But how can you manage your investment when all the information surrounding it is carp? You have admitted that the history is littered with it - but the issue is some of us are seeing history repeating. The future is not rosey, there is a vast amount of work and expense to do, and to be frank the prize of revenue isnt that great.
I just dont understand why this and ukog have such a following. Then again we have people who claim a double digit red day is good because "they can top up" .
Notice the focus away from my question again.
Not one person can give a positive reason as to what happened following the events.
As to why i keep posting. I dont want a new person trapped in this cluster. I have spent hundreds of hours on this, but now i want people to be held to account. It is fine to ignore what i say and proceed, but there will be a told you so moment.
I couldnt find an answer as to why - given the months of nitrogen lift, to the now awaiting production equipment. Doesnt make sense as they would have had the technical information for years beforehand - why did the oil disappear? We have gone from billions to zero. If it was too immature, why did they wait till to tell us?
It would be a special kind of stupid to get everything wrong, and quite unlikely. So that only leaves by design... then we have the proven lies, the coup, the dodgy share structure, the selling of shares on sly. If you wanted to get rich ripping people off, this would be a good way to do it. The work done to date no way matched the salary - the paperwork was often wrong and wasnt that much of it.
Im not here to upset people. Im here to share what I have been through. I have wasted 5 years of my life on what I can only say is a fairytale. I could have spent that time and money far more wisely, but the saving grace is others were duped. Its far easier to sell people a dream, than for someone to tell the dream they have bought is actually a nightmare.
Theres no point because you couldnt answer? Seems strange that not one person can come up with a reason as to what went on. Im frankly amazed not more people are screaming at this - YEARS of "star wars" and thousands of bopd, to oh no we are packing up without the production equipment that we ordered and were waiting for.
I know it is surreal, as is the world right now, but how can this be a positive in any light? Saying you cant be bothered when I havent read your thoughts doesnt seem very reasoned. But as you arent willing to add to debate, I will continue thinking this is all part of the scam as I have no thoughts to counter from anyone. The company refuse to give any details as to why it was abandoned - if they had tried producing then failed would be a different story
What other view? The posts keep getting deleted so what reason did we go from awaiting equipment to go into production for the flagship asset, to we are abandoning without any testing whatsoever? There has been no explanation.
Unless of course, they knew it was worthless and the game was up (so needed a new fairytale like a gas asset). Please repost a counter to this of how this could happen otherwise? If nothing was done on field, why did we spend months not admitting this?
Not really. No one answers, and no one here can suggest a reason. Well I can suggest a reason, but no one seems to be able to put a positive explanation.
Posts get pulled and people banned so the people left standing can run the boards without opposition. The intent is to wind people up then report their reply. Ive seen this happen umpteen times. Its all part of traders trying to make money at any cost. Ive met a number of them in my time, spineless creeps. They are on twitter a lot as experts, despite never working in the industry or having a financial background.
Of course everyone should be entitled to their opinion, but would you have surgery from a surgeon, or Fat Bob who works at a supermarket checkout and "knows more"
Seems funny that everytime I ask why works at Brockham went from expecting production equipment to packing up without bothering, the post disappears without an answer.
Almost as if people dont want this aired. This on Lucans watch by the way. With Darth Tidswell in full control still.
As opposed to someone who claims they are buying every day on a falling share price and knows better.
I totally agree you look forward, based on actions of the past.
The only reason for the rise is trading off punter enthusiasm rather than actual worth of the company. We only invested her because of billions of barrels of oil. Thats why you play aim - to get that one gem that will reward you. Thats why you take the risk. look what happened, all flagship assets worthless, money being spent like out of fashion and no real worth. Sure the gas, but it realsitically will keep the company going with little for the investor. They need more funding still to get that going, and yes whilst a bag is possible, multibags are possible in even ftse companies that havent tried to completely do over shareholders. If they have lied (and we know they have) that wont suddenly change. It is rotten here. If this didnt work out fine, but answer me this. Why did works at brockham stop before it being tested? Why did they just pack up after being told that they were awaiting equipment? Tidswell was there all along, and we didnt have technical data to abandon, so what changed?
That is exactly my point. Far less risk for similar reward.
Bluechips are a smarter choice
Pah, like I wash pants