Anguish is unique: It's a mystery tour for shareholders and it's a mystery tour for management too!
Ocelot... there may have been a spike on CPR news - but once the day traders had left & LTH's saw recognised the can-kicking for what it was... the SP nosedived (again) - aided and abetted by RiverDance of course who are always on duty and happy to dump especially on party day!
Wouldn't it be wonderful if nNewcrest came back tomorrow or Monday with a bid though and GGP shares were suspended...
...Oh how LTH's would laugh... and laugh... and LAUGH (for the rest of our lives)!
Looks to me like an "all day" traders paradise. Plenty of folk simply playing rinse & repeat to make a fast buck.
Once everything settles down again there will be an inexorable rise and new highs will be reached in the coming weeks & months IMHO...
...so I'm happy to sit on my hands and continue to watch the Great(land) story unfold to its inevitable conclusion. Months from now anyone who has invested here will already be in significant profit - and if a buy-out lands (still highly likely IMHO) then all bets are off as to where this will end up.
What we need to remind ourselves is:
Newcrest have accelerated their drilling campaign on the back of the results we are "still" yet to have reported tonight / tomorrow. I seriously doubt they would have added more rigs and maintained their positive appraisal if those results were average or poor... now would they?
Traders will trade into any subsequent rise when the news lands - as they always do... but if the news is staggeringly good or an offer lands out of the blue... then all bets are off on the direction & eventual target price of the SP.
By way of my own example:
I have a SIPP and an ISA. I have GGP in both, but have traded the ISA and never touched the shares in the SIPP.
I have made good returns trading my ISA - which has enabled me to increase my share holding here a little over time, but I am nowhere near to matching the gains made over 3 years in my SIPP with GGP shares held and never touched.
If you have the patience and you invest in a well managed professional company... such as this one... the returns from sitting on your hands will be infinitely higher in the end IMHO.
GL A, whatever your strategy
Anguish will never "bag" on the next RNS because It needs folk to buy in - traders / new investors / existing underwater investors (topping up) - and there is zero trust and zero interest right now in a company with failing "existing" oil assets and one long term "potential" gas play that might / might not deliver in the foreseeable future...
let's be honest here: this is NOT AN EXCITING INVESTMENT even "if" it works out! so where are the buyers coming from? On top of which - let's not forget - RiverDance are still dumping and will take every opportunity that comes their way.
I listened to the Lucan Interview (a.k.a amateur hour!). Someone should have reminded George in advance that Anguish are NOT a production company... YET!!!!
Saltfleetby doesn't even have planning yet and is nowhere near connected!
The only thing Angus are producing at the moment is - the usual - hot air and three or four barrels a day of oil from Lidsey.
Come back next year for your 1p "if & when" Lucan & his Toxic Chum actually manage to deliver on Saltfleetby... in the meantime... more dilution... more loans and borrowing... more set-aside funds for decommissioning... infinitely more promises and hot air... and sweet FA on actual delivery & shareholder value (if past history is anything to go by)
Make that 5!
I have been invested here for a lifetime and am only just starting to wake up - having done some independent research of my own and asked some pertinent questions of close relatives who live and work out in Oz. They have solid reliable industry contacts.
I think the hype here (for once) is genuine and the story is just about to truly unfold IMHO. Yesterday's & today's blips are meaningless if what I'm hearing is proved to be correct.
I had a 10p sell-out in mind (long term goal) and had recently increased this to circa 13 - 15p. My new target is 25p and even then I'm optimistic this will NOW go considerably higher - given time.
Another morning MM ram-raid!
I've been invested here for years... it comes with the territory. Don't stress over it ... just walk away from the screen - return & pat yourself on the back for your patience when the real news lands.
GL A :-)
I have tried on occasions to trade this share in the past... with mixed success. But I've always retained a larger holding so I still have a relatively low average.
The (wonderful) difficulty right now is that the SP could climb rapidly to new levels if great news lands. We've already seen what it is capable of over the past weeks, so do not be caught out like others were - selling in the 6's and 7's thinking this would retrace. It didn't!
Now that we are in the 8's... I think the 9's and perhaps even 10's are likely in short order. 10p is a milestone for many and perhaps a cut-off for some. I had every intention of selling a large percentage if we reached 10p or above as this was always my target...
... but even I've been taken aback by the strong recent performance. I honestly never imagined we would reach this level right now before the next Newcrest update!
If the news just keeps on getting better... then I will happily revise my former 10p sell price and ride this out to 15p or above.
If a take-out bid arrives... then all bets are off IMHO anyway.
GL whatever your strategy! Off out to enjoy the sunshine... enjoy your weekend.
One too many sherberts indeed... but good reason to celebrate!
I'll watch see Killing Eve on catch-up... no spoilers please!
Will leave you in peace for the rest of the weekend... enjoy the sunshine :-)
The newbies do love to hold Paul Vonk responsible for "everything" that went wrong here... turn a new leaf and that that... yeah....yeah...
LTH's have longer memories though, and recognise a common thread:
a bad talisman that was there from the start and continues to cause anguish even this day... he's called Jonathan Tidswell.
Got to be 12p and over... don't mind really because "clearly" the truth always lags behind whenever brokers are involved.
Numis were bidding circa 8-9p today... so how come they're still posting 6p as a target for GGP?
I couldn't bring myself to waste my money on even one share here. And - as LTH's already know - Anguish consistently "talk" a good story. Problem is whenever the time comes to deliver... nobody can see them for dust... each and every time so far.
Q) Will this be the turning point?
A) Sadly... I "very" much doubt it.
And for the benefit of Ocelot (a.k.a Postalot) and my stalker (LL) I am enjoying the sun and "celebratory" vino so much today... that I will take my leave early and wish you all a good night.
Ain't it great to be happy about an AIM investment for once... instead of being constantly frustrated with bad managerial practice.
Greatland Gold's management need applauding for their "rare" talent of surpassing deadlines and over achieving on their goals...
I have never witnessed it before, and I seriously doubt we will ever witness such brilliant business acumen in our lifetimes on AIM again.
Dip: "I think the main challenge over the next few weeks will be all of us collectively keeping our nerve and staying calm..."
That's ONE serious challenge! Do we have any professional cat herders among us?
"never objected to wealdpwr's "postalot" sobriquet."
Well... "if the hat fits" - as the old saying goes.
Too much "genuine" excitement elsewhere in the investment sphere for me right now... so I will wish you all a Good Day.