Angus Energy Share Discussion Threads

[onetomany] 13/10/2023 15:32

Good news on Balcombe too now. All upward from here, bargain of the decade.

[1347] 13/10/2023 12:02

JT I don't know without trawling through the regulations but once they are over 30% they have to make a bid then, if at that point they admit they are all acting in concert and FESL joins in then they'll likely get to 50% just on the current set up of the shares they'll get for the Nijmegen and Arnhem loans. They won't need to lend more money to get there.

That is, it would be quite easy for them to not agree to the 'Now you can borrow enough money to get completely out of debt' loan thus effectively forcing the conversion of the Bridge Loan Too Far (which Anguish Energy say didn't expect (yeah sure)) and at that point, with the help of some more fee shares and possibly Warrant conversions), they'll have 50%, take control and likely de-list. This is what I expect to happen and indeed always did, 'erberts arrival and subsequent events only confirmed my view. Remember the word I used: 'contrived'?

Still that's just my opinion and one possible scenario but the trajectory thus far has supported my analysis. Still a few more twists and turns on Snake Pass to come yet I expect. Jolly good game what, what?

[ja51oiler] 13/10/2023 11:39

JT
If the price drops to 0.4p they would go over 50% anyway, wouldn't they?

[jtidsbadly] 13/10/2023 11:08

1347/HITS: assuming the Aleph/Kemexon grouping convert enough shares to give them control, is there anything in the regulations to stop them lending further money to Angus with conversion options to themselves which will enable them to acquire the remaining shares with or without a vote of the remaining shareholders?

[onetomany] 13/10/2023 10:08

Wrong I'm afraid. Totally wrong.

[headinthesand] 13/10/2023 09:51

Reality check. The connection of the permanent flowline (which presumably will happen eventually) will not increase production capability in any way.

As to today's chairman's letter, ANGS is of course going to get the authority it seeks to issue up to 5.078 billion new shares.

It is definitely going to issue 516 million of these to Kemexon as soon as it is granted the authority, and all signs point to it also issuing a further 1.8 billion to Aleph in January.

[onetomany] 13/10/2023 09:36

Whilst it's very sad, what is not known over there in the west is what is happening in the Middle East. Coupled with Russia planning a major offensive in northern Ukraine, gas will soon reach its previous highs and for a sustainable period.

[bionicdog] 13/10/2023 09:33

The idiots who haven't lost all their money.

[onetomany] 13/10/2023 09:19

The announcement on global finance is imminent. All going well on that front. Permanent flow line connection days away. With gas headed to 1.75 by end of October the commercials are staggering. Additional flow is a certainty, significant costs reduction from finance and pipeline opex.. Funny to see all the idiots post negativity when the future is brighter than ever, and imminently brighter.

[ja51oiler] 13/10/2023 07:57

So they have actually posted the circular on the website now! Funny why they didnt just attach it to the RNS as they could have easily done....until you actually read it in full!! Then it makes perfect sense why they didn't.

Yep , nailed on...doesn't take much working out what the plan is!






3. That in additional to any authority granted pursuant to Resolution 1 (Directors’ authority to allot shares in
connection with the Kemexon Facility) or Resolution 2 (Directors’ authority to allot shares in connection
with the Aleph Facility), the Directors are generally and unconditionally authorised in accordance with
section 551 of the Act to issue and allot Ordinary Shares or grant rights to subscribe for or to convert any
security into Ordinary Shares comprising equity securities (as defined in section 560 of the Act):
7
3.1 up to an aggregate nominal amount of £5,523,857.00 (such amount to be reduced by the
nominal amount of any allotments or grants made under paragraph 3.2 below) in connection
with an offer by way of a rights issue (i) to holders of ordinary shares in proportion (as nearly as
may be practicable) to their respective holdings; and (ii) to holders of other equity securities as
required by the rights of those securities or as the Directors otherwise consider necessary
(subject to such exclusions or other arrangements as the Directors may deem necessary or
expedient in relation to treasury shares, fractional entitlements, record dates, legal or practical
problems in, or under, the laws of any territory or the requirements of any regulatory body or
stock exchange)

[1347] 12/10/2023 19:46

JT I took a stroll over in Kansas today. They jayhawkers don't seem to understand why the share price is down when the gas price is up. When you bump into your close friend Offy Prof then can you ask him to explain that a 12.5% share dilution (even without the fees) does tend to drop the share price by around the same amount. Also that expensive pay day loans do tend to reduce company value. Also that millions upon millions of Warrants priced at the give away price of just 0.66p (or less) do tend to have a negative effect on the share price They do seem to struggle with these concepts.

[jtidsbadly] 12/10/2023 18:37

1347: if won’t make a halfpennyworth of difference whether he votes “yes” or “no”. Even if every small shareholder votes “no”, the vote is likely to be carried. Fortunately, they still have the comfort of their mantra: you haven’t lost any money if you haven’t sold your shares. Yippee.

[1347] 12/10/2023 17:24

No problem 12M will vote yes whatever the resolutions, the more shares there are the more he can buy, who cares about the price, he'll be such a happy chappy (but very wet).

[ja51oiler] 12/10/2023 15:47

In fact the only thing "nailed on" is the fact that Angus failed to put a copy of the circular up on the website!

The Company announces that is has today posted a Circular to Shareholders convening a General
Meeting ("GM") to be held at the offices ofFladgate LLP, 16 Great Queen Street, London WC2B
5DG on Monday 30 October 2023 at 11.00 a.m (the "Circular"). A copy of the Circular is also
available from the Company's website, www.angusenergy.co.uk.

[ja51oiler] 12/10/2023 13:51

"He’s a happy chappy"........ Cobblers, That's nailed on!!

[bionicdog] 12/10/2023 13:35

Yes , everyone likes losing money.

[onetomany] 12/10/2023 12:34

He loaded up already at .62 and .65. He's a happy chappy

[1347] 12/10/2023 12:19

Sells going through under 0.6 p now, where's 12M to buy some more?

[1347] 12/10/2023 11:34

JT Yes I think them being 'forced' into a bid was the plan. It's why 'erberts there. Lend money to a company, then get them to borrow more from you and then to borrow even more until you get to the point where you are owed lots of money and have lots of shares (which you got cheap) and so you then call the shots, along with the Hedge counterparty Mercuria, who are happy to make their cut. Basically you take the eggs from the Golden Goose and then take the whole goose. It's called 'playing the market', although other terms may describe it better.