RE: Fomo day.20 May 2022 09:43
James, in my opinion what we see now is normal churning of volume. People taking profits, there has been a considerable amount of shares issued well below 1p as well as a lot at 1p and a few at 1.10p.
A few days slip in first gas is really not an issue, does it matter if first gas is not achieved by 1st June but is achieved within the first half of June? No, the loan will still be on course to be cleared out by year end.
What knocks confidence off are the irregular Angus tweets. As I posted earlier, at this stage in the game Angus should be tweeting on a daily basis to alleviate doubts. If there is going to be a small slip in first gas (and IMO there will be) Angus should say so and explain that it won’t have a significant impact - transparency given previous history is essential.
In my opinion Angus will be in full production in June before the hedge kicks in. Any drop in the SP is an add/buy opportunity IMO. I still think all is good.