Angus Energy Share Discussion Threads

[ja51oiler] 26/2/2021 21:02

So this is interesting

DOR has been removed from the Brockham license. So presumably Angus are £200k Better off minus the £200k in bad debt they failed to recover.


hxxps://itportal.ogauthority.co.uk/eng/fox/oga-report/PED300X/onshore-licence/?LICENCE_TYPE=PL&LICENCE_NO=235

[chickndinner] 26/2/2021 19:22

Class 😂

[chickndinner] 26/2/2021 19:21

I'm still chuckling about GK's reply to Ocelot regarding the pub cellar 🤣🤣🤣

[chickndinner] 26/2/2021 17:38

Also trying to use the AAAG for the drop in the share price

[jtidsbadly] 26/2/2021 16:26

I don’t think they should have talked to Inspector Clouseau when they inadvertently called him instead of Jacques Cousteau (those underwater welds). This is one of his schemes: “ah yes, Hercule. Ze old ‘lets re-examine ze old seismic’ ploy. I first ‘eard of eet from a rather gross Australian whom I was ‘elping out of a bank.”

“Do you ‘ave a leesence for zis Lidsey?”

[wolfofthewoods] 26/2/2021 16:11

If there was oil, theyd have had it out already because they would have made far more money than what they have.

Regarding comments about the oddness on aim stocks - its simply because of liquidity. You can REALLY move prices with say 100k. The game is this. You get a group of investors together "swapping tips" and then invite some newbies in about stories of instant wealth. The price rises, then you put some smaller trades in to keep the price ticking whilst on twitter saying train leaving station or smart money coming in. As the snowball comes in with fake rumours emerge, you sell out grabbing a bag on the way.

This is why they do it. All fun and games until reality hits.

Anyway, im sure you will all be enlightened soon. Just need angus to raise some cash...

[headinthesand] 26/2/2021 16:02

JTids, I am beyond certain that they're out of cash again and that they can't even get the "no win, still fee" Shylock pound of flesh financing deal across the line. All this BS about Balcombe, Lidsey (again), Brockham (yet again) and magic pixie dust in Cornwall confirms that conclusively to me.

[headinthesand] 26/2/2021 15:58

Wolf re the Nomad, you already know the answer. When it comes to AIM, for a crate of vintage port, all Nomads will sign off on any old rubbish without checking it for veracity or factual back-up at all.

So desperate are Nomads for their monthly retainers that they only bail out at the very last knockings of an AIM-listed company (literally at the death rattle) - but at least this is a thing which removes such snake oil moneypits from AIM 30 days later and so stops any more dewy-eyed investors from being so thoroughly mugged off.

[jtidsbadly] 26/2/2021 15:54

HITS: re your 15.46 post on the other site, I think it may be a lot more serious than that. The viability of Anguish may be in the mix now, not just another placing. In any case, after that last placing a month ago, who’s going to want to take more of this? They may be short of access to any further funding, in my view. Who knows though? We haven’t seen any figures for nine months.

[jtidsbadly] 26/2/2021 15:45

Wolfofthewoods: I believe he was expelled for disruptive posts while not holding or intending to hold the shares. In other words, only cheerleaders need post.

The interim MD must yearn for the days of “Good old George - hasn’t put a foot wrong”. When these people turn on you, they turn, don’t they?

Do you suppose they'll adjust the exercise price of those recently-announced management options now? .40 or .50? Only fair, what? Absolutely. Compensation for the effects of Anguish on the old mental health, dont’y know? What, what? If it weren't for that excellent port, it wouldn’t be worth getting out of bed, what? I mean to say...

[wolfofthewoods] 26/2/2021 15:32

Why has rastuss been expelled?

Why isnt oversight being applied by nomad? You cant keep lying and not sticking to plans. The fact they have messed everything up speaks volumes!

[jtidsbadly] 26/2/2021 15:15

JA51: I haven’t understood how the numbers stack up since 23 September. Didn’t the interim MD say in mid-2019 that Gazprom couldn’t make it work, since they’d be hiring Halliburton at a cost of £15mm. to do the connection and build the plant? Whereas Anguish had the advantage of being nimble and small, with lower overheads, and could do it all for £2.5mm. They’ll have spent more than Halliburton would have charged by the time they’re finished, if they get a loan big enough to let them build it. I can’t see it. Even with such extravagant returns, most lending organisations would want to avoid anything as risky as this. I think things may move quite quickly now. No answers to the Q&A questions. Desperate information releases and interviews! No news of further work at Saltfleetby. I think they’re very short of cash and I suspect that the auditors may be restive. If the accounts are not out next week and I held shares in this, I’d be heading for the hills.

[wolfofthewoods] 26/2/2021 15:11

Yes the problem on the other site is a few years ago they installed some software which automatically deletes posts if enough "members" report it. So if you have enough vpns and ids, you can control the information that people see. It isnt necessarily admin being biased. however, I also know that Angus draws "a lot of attention"

The game is all about duping investors and shutting down debate. I have spoken to the bod, I have some splendid evidence, I have motivation for justice.

The question is, will I get my 2.4p? Then I will focus on DOR as they have done nothing - literally nothing- in several years.

[ja51oiler] 26/2/2021 14:55

I just put it into an online calculator and it gave that figure.Looking at the CPR and Angus own forecasts (which are always out by a 100% at least) they are a year of the proposed sidetrack though! That's half the production according to the CPR so it won't even cover the interest payments during that period as it will be running at a loss won't it?

[jtidsbadly] 26/2/2021 12:21

Re your specific question, as I understand it, they’re repaying the loan as they go along, not in a lump sum at the end of four years, so the interest will be somewhat lower. But the repayment schedule will be more burdensome during the early, more productive, years.

[jtidsbadly] 26/2/2021 12:18

JA51: and an 8% override on TURNOVER after 4 years, when the proposed loan is repaid! Turnover! That’s a lot. If they do sales of £4mm. in year 5, that’s £320,000, or 2.7% on £12mm. It’s payable at 8% over the remaining life of the “asset”, as I understand it! This is really expensive finance. But Angus are desperate.

[ja51oiler] 26/2/2021 12:08

Have I got this right?

The interest @12% and initial £12 million brings the total payable over 4 years to £17,763934.43?... plus 3% of the company shares and the other equity kickers?

[jtidsbadly] 26/2/2021 11:59

Correct, HITS. Valuable assets at Lidsey and Brockham as security for a loan. Write-back of £650,000 ring fenced abandonment reserve: “Cash!! Whoopee!”. I don’t see the leprechaun at the end of that rainbow stirring himself yet, do you?

Is anyone other than MarkBarker, Ocelot, JamesII, Mr. Nation, Gallifreyan etc. going to fall for any of this nonsense? The Earl himself looked a bit shamefaced to me, uttering it.

Ocelot says the Accounts will be published on 5 March. Has there been an announcement?

[headinthesand] 26/2/2021 11:45

To me, this all smacks of utter desperation. That investor presentation is ridiculous and substance-free. It's pure distraction tactics across the board. Things clearly are not progressing as most recently hoped for at Poundland (and when were they ever?) Missing a need for £12m when investors had been assured that only £1.5m was required to turn the taps on was bad enough...

...but I suspect that this frenzied rush to point at other chimeras - most already long-proven to be as dead as a Norwegian Blue - when viewed in combination with George's readiness to pay for Malcy to toss him some ludicrously easy soft balls to swing at, merely but self-evidently indicates that ANGS is out of cash. Again.

This has to be all about massive problems raising finance and/or more unforeseen issues in Lincolnshire. Why else would George suddenly start pretending that Balcombe, Lidsey and Brockham (yes, Brockham of all places, FFS) were all suddenly and magically worthwhile assets again, all fully worthy (yet again) of pouring cash and other resources at? And please, don't even mention the newly broached and "straight out of left field" Cornish magic pixie dust fast breeder reactor project/fever dream...

This has to be an (admittedly almost laughable) attempt on the part of the company to scrabble for some shreds of credibility to clutch to itself - and of course to try to gee up the crashingly naive for another placing, in order to pay the ongoing monthly costs (including The Ivy loyalty cards and the Vintage Claret Club monthly subscriptions). Literally nothing else offers any sort of logical explanation.

[ja51oiler] 26/2/2021 10:23

JT:

They answer questions on the 30th of the month, don't they? Expect the following then.

Due to unforeseen circumstances (Feb only having 28 days) The Q&A will be postponed until the next available month with 30 days is available!.....End

[jtidsbadly] 26/2/2021 10:13

No answers in the Q&A. Nothing on Twitter. It’s deadline day at Challenger. Nothing there so far, either.

[jtidsbadly] 26/2/2021 09:48

I think it’s a systems issue at LSE, posts are disappearing and re-appearing on other sites too. They’ll need the Pele of elephant polo to get this elephant back out of the room though. Where is Michael?

[jtidsbadly] 26/2/2021 09:32

HITS: yes, GKB makes the point well that has been made here a number of times. He could have added that in “Malcy” interviews last summer the Earl never mentioned looking for a £12mm. loan, but maintained the fiction that they had enough money. Remember the “I don’t want to discuss the last £100- or £200,000”? He had plenty of opportunities. I see that the discussion of the offer of 20mm. last summer by a big bank is being distorted too. It was dollars, not pounds. Just under £16mm at the time. They must have spent tons on the pipeline since then and are now looking for £12mm. on horrible terms. If the Earl were competent (and if he’s truthful) he should have bitten their hands off. The ridiculous situation Angus is in now, with progress held up for probably another year for lack of the ability to buy the kit, could have been totally avoided. The chap on the other site who raised this subject is quite correct. The Earl has been either extremely incompetent or extremely economical with the actualité.