The new PI could very well sell into any rise... he's here to make money like the rest of us... Just because you invest in quantity does not mean that your goals change.
I have been invested in many shares over the years where large institutional or large net worth investors caused damage to the SP by selling at a strategically difficult point in time... some of them even loaned out to short!
Good luck with your strategy... let's see how we both fare by the year end.
Of the three companies I mentioned, I think they all have better near term prospects than ANGS. Better to invest there - take profit and re-invest into ANGS early in the New Year - dependent upon progress here IMHO.
In the past - there might have been the danger of missing the boat. Fortunately (for traders) these days "anyone" watching ANGS is rightfully wary of history repeating itself. Therefore any "serious" SP reboot will - not only - take concrete evidence of progress, but also be easier (and safer) to catch and ride on the up-swing.
The problem still remains, that due to their severely damaged reputation, the only likely buyers are day traders looking to ride a spike... so any hike in SP is going to inevitably be short lived because many investors will sell out again as soon as they reach a decent profit margin. "IF" I invest to average down here, I will certainly sell out at the first given opportunity myself. Having tried holding ANGS stock over the longer period I have now learnt my lesson... NEVER EVER AGAIN!
Talk of us hitting even 4p again is most unlikely in my view, unless Saltfleetby is well into production and backed up by independent verification of lifespan.
As a businessman for many years myself I do know that the single most important thing "any" business has going for it is it's REPUTATION! Damage that at your peril!
Business reputation can be lost overnight... but can take years to regain.
Point taken David.
I sometimes wish I lived in an alternative universe!
Sadly in this one... I feel sure that even another two years could not guarantee the inflated value we would all like to see as an end game. All it would take is an unstable economy, political upheaval or continuing bearish attitude to oil and we might find we had waited another two years for not very much more! Given our BOD and their sloth-like pace of progress... two years would feel like an eternity for current LTH's when we've "already" suffered enough IMHO.
I won't be celebrating the sale... but I will be celebrating not having to wait any longer here for RNS's to land with news of progress.
Hurricane, Amerisur & our "other" Weald favourite - to name but three - are all actually producing oil & therefore revenue (so the risk is infinitely smaller IMHO and yet the upside is equally significant if all continues to go to plan).
ANGS price is low for a very good reason and it really has nothing to do with value for money.
I get the distinct impression that larger shareholders are doing a rinse and repeat sell /buy / sell / buy / sell / buy to counteract their boredom (and make a few bucks) whilst the rest of us just sit on our hands and wait... and wait... AND WAIT!
One day... in the not too distant future (I hope) and preferably whilst I'm still on the top side of the soil... we might (I SAY MIGHT!!!!!!) actually get some news that crystallizes all long suffering LTH's hopes and aspirations... but it will need to be a cast iron offer IMHO or else The Market will just tell us they have already priced it in (naturally)... and the SP will struggle to climb above 2p again for more than a micro second :-(
Ocelot, the SP multiplied on expectation after IPO, Based upon our BOD's ability to deliver. Sadly... they didn't! Investors are wiser... and times are different now.
All we have to go on are a litany of failed promises and one jam tomorrow "maybe". If that's a "vastly more attractive" prospect in your eyes... then you might find yourself alone - popping balloons - at the ANGS new shareholder recruitment party.
There are just too many more promising companies out there with far stronger near term prospects and infinitely better CV's IMHO:-(
Ocelot: "MAY BE WORTH"
Agreed... may be... and maybe not.
But Risk v Reward is no longer what it was when we were promised significant oil flow at Brockham, Balcombe, Lidsey... then failed to deliver... but don't worry, because now we want "investors" to get excited about gas instead and keep paying our inflated salaries until next year at least... you never know... based on the law of averages ANGS should at least be able to get one thing right... eventually?
Ocelot, I'll tell you how significant a Tidswell resignation would be:
Even "I" might consider averaging down here towards the year end if he was no longer involved in the company other than as a shareholder (inevitably with some "outside" influence). I don't doubt for a minute that the SP would instantly start to recover on the back of such news!
Until this happens, we'll continue to be mistrusted by the market and LTH's . Our past cannot be disconnected from our present and future prospects and new investors will continue to be discouraged as a direct consequence.
You and I have different outlooks, and I respect that, but - at the end of the day - we both evidently still want the same thing:
ANGS to succeed?
I just don't think we can achieve success whilst ever Tidswell continues to be involved here.
"They know full well there's a job to do to re-build credibility."
Sadly they don't Ocelot. Otherwise they would have listened to "good advice" and engineered Tidswell out of the back door. If they genuinely want to turn this ship around... the answer is staring them in the face and has been for quite some time now!!!!!!!
Lucan needs to tell The Market that we've hit rock bottom... as I think they intend to plough on past it for now... the bottom is where the bottom is and - given today's news - I doubt we've reached it yet :-(
Granted, I think Lucan is now being bluntly realistic about timescale and prospects. And all credit to him for his candor. It just does not look very good at all and will not help the SP or investment case IMHO :-(
Given what has happened here over the past years and how the SP has been demolished... I would have thought a juicy sales pitch with "genuine promise" to get investors excited would be the order of the day?
If even our own management are unable to sell this as a serious investment... then who do they expect is going to pour more money into this empty vessel?
More lies we don't need - granted - but if all we have is Saltfleetby as a vague possibility on the far distant horizon... I seriously wonder where the SP is going to be by Christmas!?!?!
By any sane measure those quotes are NOT going to inspire new investors. Saying things - will not get any worse - is hardly a strong sales pitch... especially when you have NO CONTROL WHATSOEVER over The Market and how it will react to that news.
Brave - granted. Kudos to Lucan for being so candid... but it does make you wonder (as he's obviously an intelligent man) if he has a "going private" Plan B we don't know about yet?
Agreed. Sadly... not that "any" buy-out is going to see me in profit again... and it may be optimistic to think that our BOD would not run the SP down further - in the meantime - if they are seriously considering a buy-out themselves or via "an associate".
Idle speculation I know... but does make you wonder. Do I think our BOD would consider such a plan? Like Hell I do!!!!!!
Always been my suspicion that the BOD "might" someday put in a low bid buy-out offer having significantly lowered expectations & timescales to profit along with the SP.
Considering Tideswell is a major shareholder, I doubt it hasn't crossed his mind as a way of making back some of his investment losses. + many shareholders here are traders anyway - in at the recent lows - so any offer around 3-4p would be voted through by many right now I reckon!
Would not be surprised one iota :-(
Q: "There was talk of hundreds of barrels a day coming out of Brockham with its own rail terminal, Balcombe has not done much for six years, the Lidsey sidetrack didn’t work, the Gatwick Gusher isn’t really gushing. Is the Weald dream bust?"
G Lucan: "No, I really don’t think so. What I don’t have doubts about is the figure of oil in place, which I do believe lives up to the expectations. I am comfortable that the oil is in place. But it does seem to want to remain in place and that’s the problem."
Forget about The Weald Story... as investors - hoping to see a profit here - we were evidently sold a dud! Gas is the "new" oil apparently. Will Saltfleetby be our savior now... we will all have to wait (again) and see :-(