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Sorry Gkb47

... I'm sure Ocelot must be Tidswell in disguise... as he gets under my skin equally effectively... LOL ;-)

I haven't forgotten anything Ocelot.

And the last time I checked: Tidswell was still a director - despite repeated failure, double dealing and damage to shareholder value!

Now you're just being pedantic Ocelot.

The fact remains that this "has" and probably always will be a badly managed company... and Tidswell is the common thread!

Wealdpwr and I (as individual investors) are allowed to have different opinions... Ocelot! lol ;-)

...although I doubt either of us disagree on the principle that Toxic Tidswell has been a common painful thread throughout this whole sorry affair.

When Wealdpwr says Nothing has Changed... he's right... NOTHING HAS (whilst Tidswell's still pulling strings). let's see how fast he finds his way back onto the board of directors... because I don't think we will have to wait very long!!!!!!

The "common factor" in all this Ocelot (as you are well aware) is Toxic Tidswell!

Look no further than him for all the repeated failure to deliver, delay, disaster and double dealing...his sticky fingerprints are all over Angus and always have been - which is why this company has zero trust and zero value in the market.

I preferred Vonk... the SP was a whole lot higher for one thing!!!!!!

Ocelot: "Are you saying that GL is the same as PV?"

No... GL's just a stooge for Tidswell... whereas (despite his faults) Vonk was - at least - his own man!

They're just can kicking, Ocelot... a blind man could see it! When they miss the next deadline and the next... maybe you'll finally see the truth for what it really is?

In the meantime: How many chances do inept managers get in this industry? Seems like Tidswell, Lucan and chums go on making mistakes without consequences. back in the real world... people who repeatedly fail to perform - even basic tasks - are "rightfully" sacked!

Ocelot,

NO! On the contrary - These errors (deliberate or oversight) are critical to Balcombe's smooth transition through the various planning hurdles.
Given lucan's confident claims in the interview... and the delay being as a consequence of him dotting the i's and crossing the T's... all we can possibly make of this is empty rhetoric and the usual Angus Amateur management!

1) "The EA said Angus Energy had not given any details of a flare to be used during the test. The company may need to apply to vary or add to its environmental permits to do the tests, the EA said.

2) "The regulator was also concerned that Angus Energy had not provided details of a proposed permanent drainage liner that could be installed during the extended well test. The liner would need to be robust enough for three years of heavy vehicle movements, the EA said."

3) "The EA said the new application was for a longer and bigger operation than previous proposals. A new or updated HRA was needed."

Such mistakes will take time and money to put right. Replacing the old, inadequate and damaged former ground liner and fitting a new one - for instance - is not a cheap nor simple fix.

These are basic errors for a company "supposedly" expert in oil exploration. Lucan should hang his head on Tidswell's shoulder in shame!

Not harsh at all Ocelot.

Lucan said in the interview how he brought experience to the table with regard to planning submissions and said how essential it was to be diligent... and yet managed to make THREE errors on the recent Balcombe submission which further impacted the SP! He's supposedly in charge isn't he (even though we all know Tidswell is really) so he should carry the can for this?

Be interesting to see how they answer the "de-listing" question and if their response leaves "ANY" wriggle room!

The way I see it is this:

As a consequence of the +90% drop in SP value since Lucan took the helm, either:

1) He is an amateur (appointed by Tidswell - yet another amateur) who is not fit to run any company.
or
2) He has plotted with Tidswell on taking ANGS private from day one of his tenure & the SP crash was deliberate.

So which is it... because I cannot for the life of me see any other reason why the SP is this low right now. It wouldn't be this low if the company had been managed properly, met their own deadlines and undertaken due diligence on their operational activities and planning submissions...

so either we have an incompetent management or a duplicitous one...

Which is it?

"In the case of Unilever, many investors held their shares in nominee accounts, but the company stated that the large brokers would only count as a single shareholder vote, instead of counting the votes of every shareholder in the nominee account."

Seems to be applied to more and more to AIM share deals these days too. It's an easy way to circumnavigate PI's objections... and let's face it: ANGS BOD only wanted us for our initial investment... after that we were of no interest to them!

Regardless... it's a valuable round-up and informative summary of GGP for those still looking to invest here!

Charlie,

I promise you I am not making this up. The practice is pretty mainstream I assure you. It is a device used regularly now by companies seeking to circumnavigate PI's wishes.

Here's one link I found just now... there are others:

https://www.thisismoney.co.uk/money/diyinvesting/article-6359605/How-vote-shares-nominee-account-not-paper.html

Angus looks like a ripe candidate - with Tideswell involved - to "try" to pull a stunt like this.

Ocelot.... LOL ;-)

Ocelot,

Agreement from shareholders is skewed anyway these days. Read up on voting for nominee holders (of which I'm guessing most PI's here are) and you'll discover that in many recent take-overs... the nominee holder only gets one vote per holding... so HH, II etc... get the vote - not the individuals. Becoming standard practice these days. Same looks to be happening over on AMER on a deal very few PI's want - but will struggle to challenge!

SP at all time lows either before or after Christmas... sentiment all time low too. Perfect time for the BOD to pounce IMHO!

RiverFort are hoping for buyers... MM's won't let them sell down until there is - IMHO. But who - in the right mind - would buy in here right now with death spiral finance waiting in the wings to sell off into any spike... and no near term news except for a possibility of de-listing or placing?

30% spread yesterday... 25% spread today.... says it all really!

Liquidity is everything - and without it RiverFort will be scratching their heads and wondering how best to dump. I know... let's send a few boys over to the BB's to pump Angus!

BUTD,

Give us a break! You keep banging on about buying at "these levels" like you are the Oracle... but fail to remember how many others (including yourself) were keen for folk to buy in at just about every level this SP has ever been.

Easy to call a buy wrong - in hindsight - we can all do that... DOH!

But I doubt you would be back here apologizing - if the company were suddenly de-listed and taken private - would you now? Probably be telling us all you could see that coming too and sold out a day before it happened I expect ;-)

BUTD,

You were saying that when it was over 1p... now it's well below. And it just keeps on falling. With RiverFort ready to dump and no immediate news on the horizon... only a fool would think that NOW was a good time to invest here!

Spikes may come... but they will be short and sweet because RiverFort will sell into them whilst PI's are locked out by the MM's.