"how would you suggest establishing an average natural gas price for the coming 10 years?"
Well... if Labour get elected in the next couple of days... I won't really matter now will it, Ocelot. And maybe that was ONE of many reasons why the previous owner was keen to get rid of The pound Land Gas Field!
I've been invested so long that my beard's grown a beard of it's own...
I just want a deal for the lot so I can get on with the rest of my life!
It feels like Ground Hog Day whenever we approach a year end and the same optimistic messages start to appear... I just know I'm going to be reading the same ones in 2020 / 2021 / 2022? "UNLESS" Newcrest get their check book out and FINALLY release us all from this purgatory!
The simple truth is that Anguish Energy have systematically failed shareholders over many years. But, even by their own dire record, 2019 must go down as being their very worst showing! Under the "supposedly' new management of George Lucan (appointed by the longstanding incompetent and deceitful Toxic Tidswell) we have seen a further 90% share dilution and a placing that will see the SP sold into by RiverFort YA well into 2020.
Any thoughts of 2020 drawing a line under management's abysmal past record have already been thwarted by a badly completed planning application and resulting further delay on approvals as a consequence... even though management will never admit to doing anything wrong.
We are supposed to believe a forward valuation of 4p from Lucan and to get excited that one of his city chums is building a large stake here, but when asked a simple question on the forum about plans to take Angs private... we were spun a politician's reply... which still leaves this company open to being taken private on the cheap IMHO. The only thing that will convince me otherwise is a confirmatory "NO" to that question on the forum... but "again" they will not be prepared to give that clear and unequivocal assurance...
Until they do... best to remain wary of their next move. They cannot be trusted!
Anguish Energy have historically been "excellent" at generating expectation for an inflated share price... they tried it with Lidsey... FAILURE.... Brockham.... FAILURE... Balcombe.... DELAY (and likely FAILURE)... Saltfleetby (better known as Pound land Gas Field) Really?
Their only "NEAR" success was Horse Hill... Just about says it all doesn't it: The one discovery that could have earned them real income, that they had to give away because they were operationally incompetent and therefore incapable of extracting oil from it themselves!)
...after so many failed promises, are we HONESTLY still expected to believe that this one isn't just another Frog - but a prince in disguise!?!?!
Dear Oh Dear! Well... I guess we are in pantomime season!!!!!
"GL has calculated a Net Present Value "right now" for Saltfleetby of 4p per Angus share."
You might as well say: GL has calculated that unicorns are real and living in the woodland behind Balcombe - because both statements are so far removed from reality as to be laughable!
If still in doubt... just check out the share graph this year since Lucan took over at the helm (under Toxic Tidswell's instructions)... and the current SP of course.
Oh dear... I'm guessing Mr Market doesn't believe any of Lucan's promises either!
Putting the BOD sponsored cheerleader nonsense aside... yawn...yawn... jam tomorrow... all empty promises as usual.
Let's remind potential investors of the FACTS:
1)Angus have recently entered into an arrangement with RiverFort YA (death spiral finance) and they will greedily be selling into any rise until well into the New Year.
2) There will be no oil or gas (if there EVER is any) until well into 2020... so in all likelihood Angus will need another placing before then to keep on paying their inflated salaries.
3) In the meantime there is NO liquidity and ZERO trust in management who - to date - have an un-broken 100% record of failure!
"Speaking on behalf of the board"
There's the clue Ja51!
"The Board" - meaning Tidswell (who isn't on the board... but controls it anyway) has most likely been mulling it over and probably talking to "others" about it on the sly (as is his M.O)
A simple "Yes" or "No" to the question was required... but if they answered honestly (a challenge in itself for Anguish Bod) then investors would really not have liked the answer IMHO.
Crocqman: "but at least I will blame no one but myself if things do not work out over the next 12 months"
So - let me get this right: if Tidswell, Lucan & Chums fail YET AGAIN in the New Year we shouldn't hold them responsible... because you're to blame instead?
After all... THEY just run the company, spend our money and make all the decisions... your an investor, so it must be YOUR fault that THEY failed!
Well... that clears that up then...
Clearly!!!!! Shorters (this BB is overflowing with "the usual" de-rampers at the moment) are desperately trying to de-stabilize the SP and drop this below 30p.... the trouble is: most investors (and especially day traders) see we are in oversold territory in the low 30's... so a bottom is forming which IMHO will be virtually impossible to break unless we are hit by some mysterious mega bad news.
I am banking on the next RNS clearing up some of the ambiguity and adding a few more positive drivers to the SP and a big buy-back pushing this back above 40p in the very near future.
GL A "genuine" investors :-)
I think "ANYONE" would give you infinitely better odds on Angush failing rather than being successful right now!!!!! It would be insane to think otherwise based on their past and current record!
Got to ask yourself why is Rupert buying?
Could it be:
1) He's shorting?
2) He's assisting the BOD (eventually) in taking Anguish private?
3) He just loves losing money?
Hmmmm... let me think about this... ;-)
No relevant near-term news coming from Anguish and cash still leaving the building by the box load as the only two project we have left with ANY potential have been kicked into the very very very long grass (late 2020 - early 2021)
NO liquidity whatsoever as a consequence of ZERO trust = conversion problems for Death Spiral Financiers...
Poor old RiverFort YA... my hear weeps for them :-(
The problem is: Angus need investors and after so many failures nobody trusts them with their money anymore.
"Anticipation" is one thing, but "delivery" always proves to be a destination too far for Angus management!
Malcy: the same man who when Amer was 20p years ago.... said it was way under priced and worth multiples of this. Fast forward to the current day (more oil... more acreage... more cash in the bank) and a buy-out has been approved by the BOD for just over 19p!!!!!
Malcy: This is the same fool who quoted Anguish Energy as being un-investable only a few months ago at the start of THIS year!!!!!
Malcy: the man who's wish list is so far underwater, his followers are drowning!