Angus Energy Share Discussion Threads

[1347] 12/10/2023 11:27

JT This is them isn't it.



Note I don't think they have been appointed secretary of AEWB No 3 which is why their CS01 is overdue, it's only a 5 minute job to file it on-line once a year so it shows just how hopeless the existing secretary is.

Charges are the same as far as I can see, registered in the the name of The Law Debenture Trust Corporation P.L.C for Poundland loan. Odd that the Knowe one isn't shown as satisfied given that they paid the loan off (allegedly). Their accounts are still not filed I note, now well over one year overdue.

Next accounts made up to 30 November 2021 due by 31 August 2022

[jtidsbadly] 12/10/2023 11:07

1347: I dare say the well-informed jayhawker OofyProsser is right. Angus can’t borrow more money without Mercuria’s say-so and Mercuria want their loan repaid pronto so they can get their royalty before gas flow starts its inexorable decline. Equity finance is the only way out. Angus wouldn’t have to accelerate repayment of the Mercuria loan. But the increase in the Aleph group’s shareholding will trigger the requirement for a bid (if this point has not already been reached). There is a huge amount of downside in this.

[1347] 12/10/2023 10:57

HITS "WHY is the company teeing itself up not only to pay Kemexon 500+ million new shares to cover off the first £3m junior loan (which we first got informed of 2 weeks ago), BUT ALSO to pay Aleph off in shares for the second £6m junior loan (and call that £7m once the Jan repayment date comes around)?"

Come on surely you can figure that out? Even JT has realised that what I've been predicting for some time is in fact playing out. What they say and what they do are two different things. It's musical shares in a room of smoke and mirrors.

JT I don't know what any of them are doing really, contractors do much of the real work anyway.

It was totally disingenous to state that the: "Company's intention to only raise equity in relation to acquisitions accretive to the Company and the share price" and to then issue millions and millions of shares for several other reasons.

This has all been designed (at least back from when Aleph got involved) for those in the know to make a quick profit flipping discounted shares and converted warrants and for those in the wings to then pick up the bones at next to nothing.

[jtidsbadly] 12/10/2023 10:38

1347: here’s a couple of things: first, the new Company Secretary, Westend Corporate, appears to be a pop-up. There’s no information on Companies House other than that Angus is its only client. Second, there are now only two charges outstanding on Angus’s loans - the main Mercuria one and the Knowe one.

[jtidsbadly] 12/10/2023 09:51

HITS: I think 1347 has been right for quite some time. He saw something like this coming. It’s quite likely they’ll get this permission and the price will be forced down by selling by undisclosed investors. Once the debt is converted, the Aleph group will have a controlling stake and a bid will be required. The price will probably be a fraction even of its present price. As Gnasher used to say “Gnot very gnice”, what?

[headinthesand] 12/10/2023 09:34

The immediate question begged by the details given out this morning as to how much new confetti the company's about to seek (and needless to say, get) the authority to issue is...

What in the world's happened to the alleged "new replacement global financing package" that was going to be used to pay off all already incurred loans and liabilities??

WHY is the company teeing itself up not only to pay Kemexon 500+ million new shares to cover off the first £3m junior loan (which we first got informed of 2 weeks ago), BUT ALSO to pay Aleph off in shares for the second £6m junior loan (and call that £7m once the Jan repayment date comes around)?

They're going to be seeking an absolutely eye-popping authority in terms of quantity. Certainly north of 2.5 billion new shares, I reckon.

What with the amount of dilution that's now looming on the horizon, this has even more hallmarks of death spiral financing all over it.

[jtidsbadly] 12/10/2023 08:55

1347: yes, here we go. “Subject to a limit of 1,500,000,000 shares.” That’s quite a lot, what? And they’re not putting a figure on the total no. of new shares for which they're seeking authority, as far as I can see. Any LSE/AIM rules about selling by related parties may end up being loosely applied. That will get the price down nicely, so that a takeover can be achieved at a very low price through conversions at a discount - not 0.4p.

Poor old Hollis, he’s been on borrowed time since the announcement of the loan they didn’t need, in my view. A sacrificial old goat. Mr. ‘Erbert will be spreading himself thin, unless the recent acquisition at non-Board level (Tim Kaye, was it?) is looking at a promotion. What’s Mike Wells doing, anyone know?

I’m afraid the scenario you first laid down over a year ago - maybe much longer, one forgets - appears to be playing out, and at an accelerating pace.

Dear oh dear. The Ocebot will have her work cut out. Not just a pretty face - or is she?

[1347] 12/10/2023 08:05

So they want authority to issue more confetti shares to dilute shareholders even further to pay off the Nijmegen payday loan at rock bottom prices (and below what they informed market the floor would be, (more misleading of market there in my opinion)) such that they can borrow even more money to pay off the Arnhem payday loan, or which instead they may, or may not, pay off with more confetti shares at a stated floor price of 0.4 p, which, from past experience, may mean anything less than 0.4 p.

Oh then they have the Warrants at rock bottom price, reduced down in the Anguish fire sale, then they have more fee shares, then they have potentially more deferred consideration shares. As I predicted it's an equity wipeout and potential take over going on via back door methods.

In other news, the useless Technical Director follows the useless Managing Director out of the door leaving just the useless Finance Director. Oh plus Paddy, that well known accident prone oiler of wheels and ex-chair of audit committees.

[jtidsbadly] 11/10/2023 20:34

1347: corfam boots?

[1347] 11/10/2023 18:58

Nails? Cobblers? Are they doing hobnail boots now then, they said they were looking for inorganic growth?

[bionicdog] 11/10/2023 16:44

It was nailed on at 2.5p.

[ja51oiler] 11/10/2023 16:36

"All nailed on, totally nailed on".......Cobblers

[onetomany] 11/10/2023 11:44

Ok jackoff, shall we wait and see ? All nailed on, totally nailed on.

[jtidsbadly] 11/10/2023 10:18

I see that, despite the appointment last month of a firm of external company secretaries, AEWB3’s confirmation statement is overdue at Companies House, as are the annual Accounts of the Orwell Group Ltd. - remember that? What’s Carlos doing with his time (not necessarily a rhetorical question)?

[bionicdog] 11/10/2023 08:44

That's 12M for you.

[ja51oiler] 11/10/2023 08:30

It amazes me that morons are allowed to post on BB'S where every word is absolute COBBLERS!

"Coiled spring that could ping any day now. Global finance next expected latest next week and pipeline connection almost simultaneously. Very strong position and rerate will be swift. Gas forecast 175p by year end so it’s all excellent news."

"Global finance next expected latest next week"......Cobblers
"pipeline connection almost simultaneously"..........Cobblers
"Very strong position and rerate will be swift"......Cobblers
"Gas forecast 175p by year end ".....................Cobblers

Who do you think your trying to kid (proven liar on multiple occasions) onetomany??

Be careful with your "Coiled spring" it could very well take your eye out!

[1347] 10/10/2023 14:29

JT Yes I don't think Mercuria are involved in the Bridging loan, I'm sure they'd much prefer others to take the risk (at even higher payday loan rates) and pay their part of the original loan they didn't need off. They've made their money on the hedges and will make more and you can bet they've read and understand what the CPR is telling them about depletion. The sooner it's paid off the sooner they get the royalty payments, without having any principal at risk. Of course, as we've discussed, non-insider shareholders have been done over as I figured out some time ago.

[onetomany] 10/10/2023 14:01

Coiled spring that could ping any day now. Global finance next expected latest next week and pipeline connection almost simultaneously. Very strong position and rerate will be swift. Gas forecast 175p by year end so it's all excellent news.

[jtidsbadly] 10/10/2023 13:35

1347: yes, in spite of a number of gas supply issues. The European nations are going to need to protect these undersea pipelines, even if it means confronting the culprits with armed force.

Interesting that the Q&A answer noticed recently in Kansas, re progress on the Global Re- Financing, referred only to the Aleph bridge financing. No mention of Mercuria. If this means that Mercuria want no part in it, it’s hardly a “Global Re-Financing”, is it? I imagine they want their money back asap and their royalty equally promptly.

[1347] 10/10/2023 11:31

Only just holding above 0.6 p, pretty near the all time low. Seems the rampers here can't even get a decent rise these days.

[bionicdog] 07/10/2023 18:05

Utter nonsense.

[shareprofessor] 07/10/2023 13:58

Onetomany, that would explain alot I suppose. Trolls need an audience otherwise it is purposeless.

[onetomany] 07/10/2023 13:46

Prof.. JT and 1344 are the same person fyi. Makes the situation even more sad for him.

[shareprofessor] 07/10/2023 13:44

This forum appears to be used only by 1347 and JTisdsbadly. Perhaps you chaps could take your conversation to private messaging? I appreciate that would mean your trolling would become frivolous, but was is not anyway?

[1347] 06/10/2023 11:53

JT They get away with it because the CoL is systemically corrupt (as is the UK political establishment generally) and regulation is but a fig leaf. The combination of devious and disingenuous directors, CoL barrow boys, who don't care what happens as long as they make a few bob, and daft mug punters who get fooled by rope a dope operatives on BBs and social media (some of whom I am sure are connected to the companies concerned in some way or their brokers etc.). It's a case of fool me once shame on you, fool me twice (or 10 times) shame on me etc. but they don't learn.

As I've already mentioned Anguish are effectively doing placings, just at a variable price in the future with the target price dialled in based on the 'over a barrel' principle. Anyway which way you slice and dice it it's shares for cash to keep the lights on and the gas flowing, although much of the revenue from that flows elsewhere, as I predicted it would all along, even before the hedges and royalties were put in place, t'was always intended to be that way.

Next twist and turn on Snake Pass will be further dilution, via loan conversions, fee shares, warrant exercises, deferred considerations, who knows what and when exactly but it will happen. That will ensure that any low ball take over/merger offer gets accepted or maybe it will be an RTO or a de-listing. We'll see but this game of musical shares will still go on, one way or another, for a bit longer yet.