Kabaa: "We will see but I doubt most posters here will be still invested in 16 months."
Probably like you then Kabaa - day trading by any chance?
Sorry, but aside from your 7 "rampy" posts today on GGP, I've never come across you before and I've been invested here for over three years already
Where have you been hiding? ;-)
Current "Bid" quoted here on LSE is 1.15 and "Ask" is 1.25 (actual price could very well be somewhere in the middle, but the 8.7% spread paints a false picture).
I follow Bid quotes as they give a more accurate reading IMHO. HL similarly stick to the Bid quote on their watchlist.
On my HL account, the bid was static for the whole week at 1.15 until two days ago when it dropped to 1.10. Briefly yesterday it dropped to 1.0, but otherwise static at 1.05. Today (as can be seen from the sells) the bid has now risen to 1.16... virtually the same as it was a few days back... yawn yawn...
The biggest movement has been on "the spread" - MM's luring in new fish with those fake big blue numbers, I'm guessing... or could something actually be happening at ANGS?
The excitement is killing me ;-)
None of us want that Ocelot...
But the reality is - as Ja51 - has already pointed out: we have hardly any meaningful income and a lot of ongoing costs. No short term profitable prospects for Saltfleetby, Balcombe or Brockham mean that the money we do have will quickly evaporate and need replenishing... Fact!
Based on their current record, Charlie, I would say "caution" should be ANGS new watchword! Maybe they could stamp it on Tideswell's forehead - in case he forgets (again) Doh!
Placing September / October latest IMHO - necessitated by their GREAT future plans for Saltfleetby and blamed on the "nasty" OGA... who are insisting they (ANGS - the ever trustworthy, professionals) put aside more money as a safeguard... Really? The cheek of it!
It's coming... you just wait and see!
Thanks for your vote of confidence, Wealdpwr. Much appreciated.
But I "always" stand by my word. If management meet my three requests, then I'll still comment on other shares I'm invested in on LSE... but happy to leave ANGS to other decent LTH's like yourself.
I did Charlie... but I prefer the words from Lucan's own mouth on 12th July:
"Questions were also asked regarding the Company's immediate financial commitments at Balcombe and Brockham and Managing Director George Lucan noted that the Company's recent equity placement and offer to shareholders included adequate provision for both sets of works and additionally that the Company's cash resources were presently sufficient to meet all reasonable liabilities in the FORTHCOMING MONTHS."
No mention of Saltfleetby costs for planning / testing in there either. We all know another placing is coming... just a question of when?
Since I'm feeling generous... how about just the first three and I will leave?
1) Tideswell "should" repay the loan - he is legally obliged to anyway.
2) Tidswell should GO. He has overseen disaster, delay and incompetence on the grand scale - his disposal is long overdue.
3) It was Lucan who boasted about the value of Saltfleetby alone... so buying in to align himself with shareholders shouldn't be such an issue?
4) Okay... I know it was probably asking too much for ANGS to have one success, so I will drop this demand. Complete and utter failure it is then.
Let's see if they can fulfill on the first three and I will go... I promise :-)
I have "almost" made back my own losses from my SIIP, but my wife's trading account ISA is still heavily underwater and remains invested in ANGS. Couldn't exit early enough and as a result is virtually worthless if sold off now.
I've made a fair offer to leave the BB... given yours and others enthusiasm for the "supposedly" new board... that list shouldn't be any problem for them should it? ;-)
"SP will have to grow by over 400% to get us back to breakeven" based upon a 100% increase to the SP over four different periods... otherwise nearer %1000 percent as a one off climb from current SP.
Fair point, Torr,
I have "almost" made back my losses "here" by trading Bur over the past couple of weeks. Certainly never any realistic chance of making back those losses by throwing more good money into here!
I've said before: I could pretend all is well and what a great buying op this is (like DHC) in order to hook in a few new fish as I quietly exit... but most of the LTH's here are under water to the tune of 90%+... so the SP will have to grow by over 400% to get us back to breakeven. Odds of that happening are almost as slim as my four point wish list being fulfilled!
Day traders don't like criticism of the company because they think comment here might dent their exit spike, but rest assured... the BOD will destroy any appetite for ANGS faster than I or other disgruntled LTH's ever could.
GL A :-)
Bruce: "How do you know what the Gladstone short is priced at. If they have borrowed stock unlikely to know this without a mole!"
Just some published figures and a good calculator ;-) been 90% accurate in the past using my method. 7.90 is my best guess... may be a little higher. Won't know current value just yet as the reports are delayed by three days.
Convinced they would have closed out by now... they are "obviously" trying to wring out a profit here... but not looking promising FOR THEM... too sad :-(
I agree 100%, TomE.
Constructive criticism and challenging debate - along with good humoured banter - is why most of us post regularly and keep checking back here.
First-time posters who turn up with a blatant agenda, to my mind, are either previous banned posters, or needy narcissists with nothing better to do.
Credibility and trust have to be earned - "even on the internet folks!"