Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Failure to see why licenses taken away?
Erm because I have posted a video where the directors admit breaking the law. How do you not get the seriousness of this?!
The days of "lower entry" are over as a tactic.
There is a genuine concern that licenses will be taken away. It is time for abandon ship - I am here so nobody else wastes a penny on this croc of dung. The people screaming bags are just stupid - not even traders are touching this toxic stock. Nothing to do with "balls" or "weakness" - its the plain reality. Sub 1p looms.
No different than Brockham being star wars. I can take one thing being wrong, but everything?
Yes, and given it had more red days than blue past few months, not sure how or why traders could make a profit on a downward slope? Guess we will see. But given your maths is wrong, forgive me if i dont pay much attention.
I didnt see one chart stating the sp as it stands today.
Sadly disagree. You have months of nothing positive, lack of buyers, plethora of people wanting out. Absolutely no one wants to be in this position. This bears now all hallmarks of other crap aim companies. We all held on because we believef in asset - now asset doesnt exist. Simple as.
This is likely to be under 1p. Who would want to buy? Even the big traders have been stung and who knows what the next rns will say? The gas asset will require funding and is next year, balcombe no time soon. If i saw money i would buy, all i see is possible wipeout. What they told people at last raise is anyones guess, but as i say, if a short was undertaken then needs investigating. There were lots of sells at apparent loss.
Quite correct. And you need to know the drop offs. It could be 4000, it could be 40. Given the history, what do you think is likely?!
Long sigh. I did sell out back in Jan largely, ive stated this numerous times and did at the time. Why cant people accept that i was right in what i thought was going on? Why anyone would want to be still in this sham is beyond me. The only production is from lidsey which produced 831 barrels over 3 months start of year
https://data-ogauthority.opendata.arcgis.com/pages/production
Thats not getting anyone excited, it doesnt even cover operating costs. By all means ‘pile’ in it is your money to lose, but can see how this is likely to turn out.
And yet if people followed my views they would have saved around 85 percent of their wealth. Maybe accept this and get head out of arse.
Laugh all you want, im giving warning of what is to happen. This is a fact. The share price is anyones guess, but balance of probability is sub 1p. Being popular or liked is not my concern, though i have met a few decent people. Im just not into watching other people suffer.
Anyone can sell - it is up to you if you wont, there is no cant. Out of respect i am telling you what is coming up. This isnt just something that didnt work out - i think it was planned. A company that has delivered nothing in 3 years and takes zero accountability... wow.
Like i say Charlie, get out now as it is only going to get worse. If you want any facts ping them over or ask me on twitter. But being in denial will not make you money. I also expect the bod post in here so be very weary. I have been nothing but honest all the way through - remember that. I cannot see any reason to be in other than to allow me to the agm!
Charlie
No, i cant. I have given fair warning so Monday i will let you decide. After this it will be open warfare, though i will do it legally unlike the bod. This isnt so ething that just didnt work out - that i would take - it is how this has happened through what i said. I have kept largely quiet out of respect to some past few months, but ultimately i am right. Now some of us like to play on a fair wicket, this isnt the case here. To me it is like witnessing someone being mugged but not doing anything about it. Such people are cowards and morally bankrupt. I am not. I also will not stand for directors laughing at pis (i was told this 2 years ago that they read these boards and thought pis were stupid)..
This will fall further, but i worry for some being wiped out. Bite the bullet and make it elsewhere. Of course this could go up - idiots will buy anything - but you dont come across as an idiot. I have also given quite a lengthy list of reasons why to get out - youd only need a third of them to sell. However, what other facts do you need? Lucan is complicit in these rns. I can only guess that the deal on last placing - if they didnt know a short was coming (remember the big sells immediate to placing?) then they have also ****ed off the city. If they did then effectively they helped short their own company through a third party, it is illegal. Needs investigation.
Tell me what you want to know... but im afraid my actions will be on my timelines and i have some quite annoyed large holders on my side nursing collectively over a million pounds...
Im not stupid, i wouldnt buy at any price.
You have no clue Will. I know people who have been wiped out by this - its greasy weasels trying to get people to buy so they can boast about making 10 percent we need to watch. I fully intend for this company to be fully investigated. I dont care if you lose money, but some on here i do care about. And given i have been right, i think people should listen. Scc have already been contacted about the actions of the bod on video.... dont be surprised if license gets taken away and the company ends up with nothing. It would be nice fore the bod to learn a lesson.
Charlie - you will lose your money.
I fully intend to help with the investigations of how this has been handled. This latest rns is on Lucan’s watch - do t then defend him saying he will turn it round, it is the same routine! If you look on twitter, some gave me a very hard time and now when i have been proven to be spot on they have changed their tune. This is the best advice i can give you - get out now before the forthcoming.
I will also be helping people from why they should not invest. This is a time for listening to me. Do not touch this share.
value that as anything just yet until proven. The market in general has changed because companies lie, and this is now the result. So brockham and lidsey worthless, and zero value of Balcombe for now. We also have the gas asset, well that will require further funding (Lucan said as much in an interview), so that means further dilution. It also allows the jam tomorrow story to continue, though delivering a few hundred bopd no one cares about. In the space of 3 years we have more than doubled share issue for a company that was self funded.
So thats the history. A company that have delivered nothing, diluted pis to hell, directors who sold out without alerting shareholders, constant source of misdirection and left with little assets. That is as toxic as it gets, and something which means should be avoided by investors and traders a like. What would i value at now? Well, sub 1p would account for 2m cash and hopes and dreams of gas but who would take that risk on for such a small return? Should they actually get decent flows then i will change the valuation, but given the dodgy insider trading and inexplicable trades (who was selling all those monster losses before?) and all the countless red flags, then no, this share is worthless and would get out whilst you can.
There is of course the latest rns which said ground work preps and testing was about to start.... then its a duster. No equipment was seen, so how did we simply get to this conclusion. Again, i think it was to be seen to be doing something but whole thing stinks and as a result, you should not trust a single thing again. Remember Vonk on video saying lidsey was producing few hundred barrels per day? It wasnt, and looking recently its producing nothing - more money wasted. I could go on and on and on with examples.
I have a mensa iq and it has robbed me of a significant amount of time and money, and im as researched as you could be in a company. Dont think you can do better, it is unlikely. This is untouchable. You may think there will be a bounce and of course at some point there will be, but you might as well play roulette because the odds are on par. This will fall further, this will cost you money. Sometimes no matter how hard you have to quit with something rather than let it fester to nothing. You also will have to accept that the company will have to deal with investigation by council, law, police... is that something you really want to get involved in? Even trading, you could get an rns at any time saying game over.
I dont take any pleasure in this share at all. But i will fight for some justice so the angs story for me hasnt finished, i will get my vengeance in this life or the next....
This might be a long rant, so my summary is sell and never ever touch this share again. This is from someone who has spent 5 years following the story, hours and thousands of messages. I like to think im a smart cookie, and even i have been done. I expect this to be delisted or have nil value due to the way it has been run. I do think some legal action might be possible. I am not interested in opposing views because i have saved myself, and a few others, thousands of pounds more in essentially being right about the overall state
Firstly, when investing you need two key ingredients - integrity and an asset. Frankly i do not remember the last time they have been honest since ipo. None of the timelines have been met (vonk: producing from kim 2017). There is also the fact that at no point was it deemed a case of being a duster officially, and yet that is where we are. To me it all seems a show of looking like they are doing something without actually producing a bean. Why? Well lets take a theory. When angus was private they were producing a moderate income but realised that the traps were becoming empty, so why not list and get pi money to then pay for inflated wages. Same wages that are a £700k drag a year
http://www.angusenergy.co.uk/wp-content/uploads/2019/03/13C_Annual-Report-2017-2018website.pdf Page 50 section 9
Now if you had spent 100k of your own money buying these fields, wouldnt it be lovely if you could receive a salary to more than compensate? It would be like a healthy dividend of 90% per year... alarm bells ringing yet? This i suspect is why it has taken so long, sabotage it and drag it out so you can get years worth of salary.
Then we move to the integrity side. Well we have a director who sold shares on quiet last year. Perhaps they knew then it wouldnt flow. Now dont get me wrong, oil exploration doesnt work out, but we were led to believe oil was extractable, just a case of how much. We also didnt invest for the extended timeframes, the coup, the poor and misleading comms, the buying up of assets - not one thing has been professional or positive. Indeed it shares traits of a ponzi scheme.
Then we have the bod on tape admitting they broke the law here https://youtu.be/ and https://youtu.be/-4058goCESg . It is a fantastic viewing. The only issue now of course is that scc will see it and they might lose all their operator licenses (because councils dont like to be seen to be doing businesses who break the law). Now if they lose their license, they only have cash in bank which hasnt gone out the door in an envelope already. And given the cash burn, i would suggest we are already below 2m.
Now on to Balcombe. Well what did we have, a 5 min test suggesting mega flows? Balcombe could still be sourced from a trap or simply high initial rates then drop off to zero. Now again, given they havent made any application yet would suggest that they are dragging heels. Dragging heels = impending poor results. So on balance,
Then dont let them get away with it!
Ive already posted links where JTP admits breaking the law...
#angs I would watch this if I were you. https://youtu.be/sCRkwGpXTcQ and https://youtu.be/-4058goCESg Wonder if SCC would like a copy... Breaking the law, tut tut.
Pboo - please refrain from stirring your spat with Alan. We are tired of the nonsense.
However, your point about the rns and that stage 2 was about to start to its a duster is further evidence of this shit show.
I fully intend for this company to be imvestigated. I am giving fair warning - up to others if you want to be in as I unearth every issue. Lessons need learning, especially for the bod.
Because it is the flagship asset, it is star wars. Now lidsey and brockham worthless, a gas asset that will need further funding and balcombe which is still an unknown and wont be done for months - with the track record wouldnt touch it.
This is now uninvestable on any level at all - i wouldnt even play for a bounce. Sub 1p will be here - and you still shouldnt touch it. Trust me on this, i have years worth of experience. It isnt over reaction, it is over valued right now and this is from someone who was very hopeful.
Personally i think they knew all along it was unlikely, just wanted to cream money from investors. We have also gone from equipemnt and phase 2 to start to game over.... I suspect they will be busy this summer, but not with oil, more investigations....