Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
Hi fatsuperman I think you are right. The news came out on what was the 1st Monday back for most analysts at 7am. No one really tracks a £30m market cap stock as it is too small for most fund managers. The same applies in the US with today being Martin Luther King day. I think this has genuinely slipped under the radar...for now.
Cransley very funny NOT. A bit of research shows a share consolidation of 100 to 1 so 0.02 equals 20p. It was 18p immediately prior to the discovery. So a 1.5bl discovery has only translated into an 18p sp rise ( circa £30m increase on the market cap). Clearly the risks pre discovery are different to post discovery so I am happy buying now since I did not possess a crystal ball. I remain puzzled by the modest increase.
I have bought in today on the back of the recent find. Forget the SP I have been looking at the market cap. It is only £60m and looks hopelessly undervalued despite the recent rise. I feel that I must have missed something given that we are producing. Can any LTH point out what I have missed please? Thank you
WG trying to save “ mug punters” is laudable but self appointment to the role is questionable. I assume investors here are all adults and they should all be aware that this is a very high risk gamble. If so it is up to them not you or I to tell them what to do. Ocelots numbers are on the optimistic side but a sp is actually often determined by sentiment. If you think 0.5p and he thinks 6.5p then I have reasonable hope in the middle around 3p. Irrational sentiment could propel this share rapidly in either direction. Being able to take advantage is another matter. Each to their own but I am crossing my fingers for good news here. GLA
WG with all due respect what a question to Bill. If it’s your “life savings” what the heck are you thinking of speculating in Angus for?! This is a high risk potential high return / bugger all return roll of the dice. The current sp reflects the current risk/ return potential. If you believe we will get to gas production in the coming months and that gas prices will stay high and we will get decent flow then you should expect the share to bag from here. This applies to potential bidders too. If your views are for a negative outcome then sell and move on. In the meantime we just have to wait and see.
Someone mentioned COPL on this board last week - one word respect! I didn't have enough time to research it and thus didn't invest. Tipped at 18p now 33. Horse has now bolted so this is not a ramp. Just wish I had the time to investigate. Thanks anyway.
I don't see anything negative in de risking a holding. Many here will have bought to average down . If you buy a tranche at 0.65 and can sell it at 1.05 why not take a 70% profit. The tranche has lowered the B/E, if it continues to rise then the remaining holding benefits and if it falls back you can but again without increasing financial exposure. Angus has been "anguish" for many holders so who can blame people for trading. In reality I hope for 5p , I expect 3p but absolutely nothing is guaranteed.
HITS, thanks but even if this does lead to a subsequent placing from my perspective the RNS is still additive as the placing will be at a higher sp and thus less dilution. Time will tell but fingers crossed. Hopefully if an offer occurs it would happen post an increase in the sp . Thus if we are already at 2p then a 50% uplift would take us to 3p..who knows. Based on the companies £43m valuation (now higher due to commodity prices) 3p is very doable possibly more.
For me the RNS is good news. Like many here I gave up the dream a long time ago. I have averaged down to under 3p. My sole aim is to escape financially unscathed. A profit would be a bonus. If this news provides me with a swift exit for at least some of my money then that is very welcome.
ECH, the value of a share price is the market cap divided by the shares in issue. so increase the shares by 50% and unless the Mcap similarly increases the SP drops. This is exacerbated by the fact that when the placing happens it is done to institutional investors who typically demand a discount and then cash in quickly creating excess supply.
ECH, I am not about to take investment advice from someone as poorly qualified as you! Saltfleetby combined with gas prices at current levels ( something that the BOD couldn’t have imagined) means that I should escape in profit. The dilution I could do without.
ECH, I am sorry but your last post demonstrates that you have zero knowledge of investments. Dilution is the enemy of investors. Take one look at UKOG and you will quickly see what happens to the sp. It solely works when the money is used to buy new assets at discount prices that then increase substantially in value. Sadly Angus will probably buy a vanity project or use it to keep the lights on.
HITS, Some good photo's on Twitter show encouraging signs of progress. A placing will not be needed if gas is produced Feb/March time . It remains all about timescales to first gas and cashflow. In the meantime everything is just a guess however knowledgeable the poster may seem. I would rather hold this than U-DOG any day. Sanderson (aka Billy no shares the great diluter and destroyer of wealth) sees shareholders as providers of free money. He has no wish to increase shareholder value .
Yanis , as you say the EA approval is OS and the most recent RNS resembles a work of fiction. We need evidential proof of progress and a realistic believable timeline to production. If production is still per the RNS then Angus needs to prove we are on target. The current SP reflects that Mr market is expressing complete disbelief.
Lots of hot air on this board. All we want is an RNS with detail about where we are and when gas will flow. I still believe that I can escape from here at a B/E and that 5 p is possible but the market needs solid dependable news.