Member Info for YorkshireLife

Have still got their outstanding 0.82% short out on BUR (Unless they closed today?) Roasting over an open fire tomorrow hopefully? LOL ;-)

"Mum went to Iceland" whilst I went to Burford's. Graciously, they dug me out of the money pit that was (and still is) ANGS.

I guess we'll all end up leaving Will (the last LTH) here to ride the spike solo... when it comes... if it comes... hello.... HELLO? .......IS There anybody out there!?!?!

Mr Lucan.... LUCKY LUCAN, have you bought in yet?!?! ..........I guess NOT :-(

Looks right to me, GH :-)

This is a laughable "VALUE" stock right now... and I'm still adding. All just a question of waiting until the "orchestrated" negative hysteria dies down and the price goes back to where it should be... IMHO

GLA :-)

Morning Will,

Read a longer post on the Sirius Minerals board by Tuckupp (very funny) and poached a bit of it... couldn't resist adding ANGS... sorry... my bad!

Helium is up, feathers are down, paper is stationary and toilet paper (ANGS) touched a new bottom! ;-)

The only consolation I can find for the money I have lost here - and the scant likelihood of ever seeing it again - is that Tideswell probably owns more worthless shares in ANGS than the rest of us put together!

At least I hope so ;-)

https://www.bbc.co.uk/news/business-49346972

Bond issue is still at the forefront in this BBC article today. More market uncertainty for the time being :-(

3.8M is the UT uncrossed Trade!

Lejjb,

You are missing the point:

A buy-back now would neutralise the short attack - allowing the SP to climb as the shorters would be forced to close. The only reason we are still here is that there is still shorting activity hindering any SP climb.

Once aware that a buy-back has started and that more could follow, shorters would close their positions and the SP would rise. "Broader" investor confidence would also return on the back of this knowledge and LTH's might be encouraged - as the volatility ended - to average down in order to balance their deficit.

At this stage... BUR could start selling back into the market in small increments and returning profit to the company balance sheet. If they had committed 1% of spare cash to this and made a 40% profit over three months, then they would not even need to sell off all those shares to return the same money to the cash balance sheet.

Hope that clarifies :-)

Got to remember that the MM's play buy and sell with their own stock too... if nothing else to show that companies like ANGS still "appear" to have a pulse.
Flat calm seas and no surfing for day traders here until volume increases! ;-(

Not surprised or alarmed by the SP dip. I sold off a percentage of my holding before the last RNS landed. Just bought a few back today... and maybe will add more again in the coming weeks.

Having sat on my hands in the past, I've long since learned that it pays to trade this share - at times - as it has now become very very VERY predictable (+Many others playing the same game IMHO).

Regardless, I still remain confident of medium to long term success here and don't care about the short term dips - so long as I "too" can benefit from them!!!!!

GLA :-)

On such low volume... if you have the cash and the gonads, this would make for a day traders wet dream... sadly not such a rosy picture for serious long term investors! :-(

sbtwenty / lejjb,

A company share buy-back here is not rocket science and NOT going to do any harm whatsoever to the long term growth capability of the company by tying up their capital - because they don't need to use more than 1 - 2% to have the desired effect, and BUR have themselves suggested doing this as a logical & profitable short-term move to make.

Selling into rising demand is what the MMs do all day - every day... if bought company stock were sold back by BUR in a measured way, then it would have negligible impact, as the SP rose naturally to where we where before all this sorry mess started.

When a company sells off it's own stock - under other "unknown" circumstances - it might spook the market and have a negative effect on SP, but here... the reasons would already be well known and The Market and investors would already anticipate that this would happen over time anyway... so "again" no issue whatsoever.

The priority now should be to kill the shorters and bring this continued market manipulation to a swift close IMHO

GLA :-)

Sanibel,

Although likely that the resolution of any court case could take years as you suggest, I don't think the SP will be anywhere near this level within the next month or so... and more than likely back to previous highs by year end.

Shorters "always" lose interest when there's little money to be made - their prime motivation - regardless of their preferred desire to be seen as Robin Hoods!

Lejjb,

I disagree.

I suggest they would use a portion of company money for a buy-back and sell this off - at profit - slowly into any sustained rise. Makes perfect business sense at these levels as it would generate solid short term profit and enable the company to have further cash to spend on general business growth ventures in a similarly short period of time.

I think Bur now need to press the company buy-back - Nuclear Button - option to kill off these b*st*rds once and for all. So long as the shorting crew are helping one another out to close by dropping the SP we will continue in this tug of war cycle.

Further big buys by management and the company should path the way to earlier notified short closures and help to initiate a sustained re-rate to former levels.

Gkb47,

Excellent summary! Agree 100%.

Hi 1onic,

I appreciate it is not a straightforward process and far more complex than my quip suggested...

however "where there's a will, there's a way" - as the old saying goes... and being able to destroy half of a company's share value within a matter of days, suggest to me that we need to find a way to stop this in its tracks - otherwise it will only get worse.

GLA :-)

Hi Ali,

Yes... I'm hopeful of a change.

Charlie...

They last visited Balcombe in October 2018!!!!

Don't you think they would have shown a little more enthusiasm to "get on with it sooner" and been a lot more diligent with their planning application if Balcombe was the company maker - they might now have us believe?

I think - sadly - there were issues with the well that they didn't know how to deal with back then... and they still have reservations about now... but they're running out of options to keep the lights on... so another placement to get the drills back and planning sorted... and let's have another go!

After all (un-invested) Lucan has nothing to lose except YET MORE shareholders money!