Member Info for Yanis2005

KuroMaou, fully agree. The SP is been driven down on very little volume.Impatient holders selling.

The pump is running, as reported on twitter, so oil tankers should be seen soon, then news. This could happen next week.

Little volume is now taking the Alba SP down, after news little volume will take it back up to the mid 0.5s ... then more volume ...

Be out and you could miss the boat, or pay a lot more to buy back in. Simple. I know what to do but each to their own.

Is not Bergen obliterating the Angus SP ... is BOD silence.

An update is way overdue. The BOD needs to wake up and inform the market.

Terrible ... gone to 12p on SCC approval, now 6.xp? The market is screaming for an update and the BOD has lost their hearing.

Will,

I make it as we have funding for 5 months ++ ... long time for AIM.

Trading volumes have been very small for the last few days. Today, so far volumes are alba 0.9 million, ukog 3.1 million, angs 0.1 million - very very small.

People are waiting for the EWT news which will be any time soon now. All indications are that news will be positive. Then volumes will pick up and the SP will go up very quickly. Be out and you will have to pay a lot more to get back in after the news.

It looks ... like an excellent top up opportunity :)

Only 5.5 million shares traded so far ... amount to nothing.

Just drifting until we get news. Positive news and it will fly before you blink. Shouldn't be long now.

ibug,
Thanks. I can understand that. My issue is that a large sell order that will clear a large stakeholders holding (e.g. >10%) and might take weeks to execute by the time it clears, it will pass through many disclosable thresholds (10%, 9%, all the way down to 3%). For each of these thresholds, the seller has two trading days to disclose from "when he should have known" that the threshold is crossed. Can the seller circumvent the disclosable events in this way and not disclose for weeks and months after he should have disclosed? Is this really legal?

Wolfie,

I was not suggesting that the SP is going to increase! IMO Is going to get some meaty news to get the SP out of this drift.

You made a point there about large bulk sale orders and stating that the seller doesn't have to declare anything until the last share is sold- I was purely questioning the legality of it.

You effectively stated that somebody who is holding a large stake in a company, say 12.5%, can place a bulk sale order to sell the whole of his holdings. and he doesn't have to declare anything until the last share is gone, by which time his holding will be zero% (passing through all of the disclosable thresholds) and the whole process to sell his shares can take weeks or months. I don't think that this is legal, market abuse comes to mind.

As per the regulations, the seller in the above example has to declare at 12%, 11%, 10% ...3% (at every % point down to 3%).

As per the regulations disclosure of a change in holdings must be made on a TR-1 form within 2 trading days "after the holder learns of or should have learned of the disclosable event".

... after the holder learns or should have learnt of the disclosable event.

How can the seller prove that he wasn't able to learn of the disclosable event ... i.e. 12%, 11% 10% ... thresholds been crossed?

Perhaps you can clarify this further?

https://www.aosphere.com/aos/shareholding-disclosure-united-kingdom-summary

Ibug,
Is this correct? Bergen can place an order to sell a large amount of shares (say 40million or even the whole lot 56 million shares) and declare nothing, no TR-1 until is all sold? Even if it took 6 months? They go through 13%, 14%, 12% ... 5%, 4%, 3% ... and declare nothing until the last share is sold? Even if it took months?

for real? No way would Alba sell its stake in Horsehill. Which planet are you residing on? You hire two oil specialists, you create a new O&G Department... and then sell?? Get a grip and stop the deramping attempts. Have you sold again and are now looking to get in cheaper?

They have to notify every % point drop until they get to 3%. 12%, 11%,10% ... 3%.

Russell, if Bergen was offloading we would have seen more TR-1s. IMO it is PIs that are selling, those that bought in the lows. For those lucky enough to have spare funds is an excellent chance to top up.

Alba is not for sale :)

Don't you think that the fact that Prim and Gun accepted mainly shares (approx. two thirds) is a vote of confidence in what's down there?

It also leaves cash for further acquisitions. IMO it was a very good deal.

Ukog buying more of Horse Hill must be good news. They bought Primorus and Gunsynd's combined 7% interest and at a good price. For them to buy more of HH must be a good sign. Blue week this week :)

If Bergen was behind this SP decline, shouldn't we see a TR-1 by now?

Yes, clear market abuse at the expense of PIs. Must be made illegal.

Needs more companies like NTOG say no to these manipulators and also take it up to the FCA. In the USA naked shorting is illegal.

This was posted on the Angus board - very interesting article.

http://www.valuethemarkets.com/index.php/2018/07/31/aim-chief-exec-lofgran-breaks-ranks-challenge-market-makers-naked-shorts-ntog/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

This practice should be banned.

Very interesting indeed.

This practice should be made illegal.

A lot of buys very little sells, yet the ask was dropped from 0.51 to 0.5.

This was posted on the Angus board - very interesting

http://www.valuethemarkets.com/index.php/2018/07/31/aim-chief-exec-lofgran-breaks-ranks-challenge-market-makers-naked-shorts-ntog/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

Good reply dsfat. Puts that deramp attempt to rest. Keep up the good work :)