Angus Energy Investors - ANGS

Angus Energy Investors - ANGS

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Stock Name Stock Symbol Market Stock Type
Angus Energy Plc ANGS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.975 07:31:02
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jtidsbadly: JA51: a 20/12020 article following announcement of his extending limited finance to AAOG said this: “Paul Forrest, Chief Executive of Forum, commented, “Forum is pleased to have taken a strategic stake in the Company and we are looking forward to working with the Board to create shareholder value. Forum has, through its investors and network, access to sources of funding as well as exciting and viable projects in the natural resources sector that could be suitable as acquisition targets for AAOG.” A pity his investors and network didn't fancy Poundland, instead preferring this turkey. Presumably the lenders to Anguish/Poundland will be watching what’s going on here. SEL won’t be able to shuffle its interest in Poundland - they’re guarantors of the financing and have the charges registered to prove it. Not without the approval of the lenders, anyway.
rmart: 1st gas by yr end as you know. maybe slight slippage into January but that gives plenty of time, again as you know full well. so who do people take notice off? A disgruntled old investor who lost his money and simply never moves on or the company and its investors who have confidently put up 12m quids? take a long look in a mirror and ask yourself that.
clottedq: If Lucan is serious about a turn-around here, then this is what he needs to do IMHO: 1) Axe the deadwood. Even a token gesture clear-out of Tidswell and ClanWilliam would send a message to The Market that - at LONG LAST - Anguish may finally have started on the long road to recovery. 2) Director buys - out of their own pocket - in significant volume - "BEFORE" - the next placing. 3) DELIVER ON YOUR GOALS "JUST ONCE!" So that investors can start to believe again. IMHO, Those three steps alone would significantly alter sentiment and make this company attractive to "genuine" longer term investors - rather than the current mob of fleeting day traders and non-invested company cheerleaders. Anything else is just window dressing and can kicking & from past experience, we all know where that leads! CQ ;-)
jtidsbadly: CQ: his certainty does justify a Q&A question, doesn't it? Their financial advisers are not going to bite the hand that feeds them though, are they? GreyPanther’s post is interesting. Why SF07? How does the interim MD justify his confidence in it? If we won’t know whether it’s successful before next Summer, that leaves very little time for them to get the plant finished, inspected and approved and flowing gas before the hedges apply. At that point, they’ll be a derivatives investor holding a substantial short position at 43p. - not a gas company. If this were a company on the main board of the LSE, investors would be selling now in these circumstances. This management’s ability to get its ducks in a row must cast huge doubts on their survival beyond the end of May next year. Though there’s always mugs ready to swallow the old oil, what? As long as an AIM company can have placings, it can survive.
jtidsbadly: Yes, the predictable reaction of a management that doesn’t really care too much about investors. Don’t address the issues, put another shill on. Oily rags in a double act. What about properly informing investors, Your Lordship? Last year was bad enough. Your silence while your shills are misleading mug punters about the impact of gas prices and hedges is almost as bad. Disgraceful.
jtidsbadly: CQ: yes, they’ve been consistently either incredibly unlucky or incompetent. They’ve misled investors. They’re selective in the price sensitive information they are releasing. They’ve never met a deadline and they’ve always been miles out in their published budgets. None of them has bought a share since when? Was it September 2019? Do they understand the terms they’ve “negotiated221; on the financing they didn’t know they needed and took fifteen months to secure? If they do, they’re not sharing it with investors. Does Jonathan still own shares in it, by the way? He’s not on the major shareholders list. He was supposed to be behind at least part of the HSBC holding, wasn’t he? He's not on the management page either, whereas the non-Board Operations Director is.
clottedq: JT, Yawn yawn... We've heard all this legal bull before under the latest irritant's previous moniker haven't we? I've never been intimidated by anything or anyone in my entire life - it's far too late to start now. If this BOD DELIVERED "JUST ONCE" it would be much harder for detractors to call them out and far easier for new shares to fall "willingly" into sticky new investors hands... without the usual pump & dump bandwagon. I suggest what's needed right now from our directors is "STRONG FOCUS" on the real cause of their grief: Loss of investor faith due to their own "repeated" failings. Resolve this through DELIVERY and they have a fighting chance of turning the negative tide here AT LAST! CQ ;-)
ja51oiler: So come tomorrow morning. Forum, in theory, will vote to put a third director on the AAOG BOD thus having the casting vote ...not that they need it and vote to give £8 million worth of shares over to Saltfleetby Energy services Ltd. This will no doubt be at 0.1p a 50% reduction in the closing price from last year and make all other shareholdings worthless. This will mean that Mr Paul Forrest will own according to all available information 100% of Forum Energy Services Ltd 100% of Saltfleetby Energy Ltd 80% plus of AAOG.........and that £40Million tax break available there...Not bad for £500K The question is this is obviously a morally bankrupt thing to do to AAOG shareholders after his comments after he bought that CLN from Riverfort. "Paul Forrest, Chief Executive of Forum, commented, "Forum is pleased to have taken a strategic stake in the Company and we are looking forward to working with the Board to create shareholder value. Forum has, through its investors and network, access to sources of funding as well as exciting and viable projects in the natural resources sector that could be suitable as acquisition targets for AAOG." But is this actually legal? After all, he has taken control of one company and is wiping out PI,s by selling it to another company he owns. This would be bad enough, but an £8 million price tag for 25% is outrageous. And anyone who thinks Angus didn't know this was on the cards needs their heads testing. Which begs the question as to why they have been misleading investors and their auditors regarding the £12million finance.
jtidsbadly: Someone on the other UKOG bb posted last week pointing out the distinction between investors (who are referred to on these sites as lth’s) and gamblers (day traders, anyone looking to benefit from short term price movements, irrespective of the fundamentals). I think all of us who are posting research-based opinions fall into the “investor̶1; category. This person who doesn’t seem to have a clue about investment research falls clearly into the other one. It would be more rational for him to explain why this crock will have another nice trading spike soon, rather than to criticise commentary that he doesn’t understand and wouldn’t be interested in if he did. Sadly, he seems to be better equipped with invective than with intelligence. I think investors should leave him to it and allow him to talk to himself. He’s probably accustomed to that, too.
clottedq: (In)Sincerio1, Here's my version of your truth: You bought in very recently hoping to make a quick trade and ended up underwater. Savvy investors posting here about the likelihood of further delay and eventual failure are not helping your cause - and therefore you would prefer more positive posts to encourage new unsuspecting investors to Anguish. This way you can sell out for a small profit, run away & never look back. If only! I wish you well with your strategy. You'll certainly need plenty of luck banking on a FIRST EVER SUCCESS for this utterly inept serial failure excuse for management! CQ ;-)
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