Angus Energy Share Discussion Threads

[headinthesand] 29/3/2021 15:45

Sincero, presuming you're capable of taking the briefest look at company issued statements to date, that's where you'll find flexibility. With the truth, as it has repeatedly turned out.

As I said...

£2.5m cost to get to first gas? Sorry, ANGS got that wrong. By a factor of 5.

First gas by Q2 2020? Sorry, ANGS got that wrong too. By nine months and counting.

Financing arrangements concluding "in the coming two to three weeks" following Jan 25th? Sorry, ANGS was wrong again. Delays ongoing and unknown.

However, feel free to point to something... anything... that the company has promised or otherwise assured the market of which has actually turned out to be real?

JTids, indeed. One of the many problems that I am sure that ANGS has in terms of raising the £12 million apparently needed is the lack of any surety anywhere near valuable enough against which to secure said sizeable loan. When a company only has assets of limited and very doubtful realisable value, of course you're not going to find lenders queuing round the block.

[jtidsbadly] 29/3/2021 15:23

HITS: I agree with you about charges! Presumably the first call would be Knowe’s. If I were them, I’d want to be paid out upfront from the loan proceeds. Combined with the 3% loan arrangement fee that would be £1.8mm. out of the initial proceeds. The loan will be an amortising one, so another £4mm. paid back by the end of the first year, plus at least 12% interest on the total, which = £1.44mm. A conservative estimate of Angus’s running expense for nine months, say £2.5mm. How much to be spent on the kit? Two thirds of the £12mm. before first gas, according to the September presentation. That’s £8mm. So they will need more loans or big equity placings before first gas, even if for the first time in their history they manage it within budget and schedule. This all assumes OGA approval of their FDP, etc. as a condition of getting a loan. Who’s going to lend to it? Am I double counting? Why can’t people see it?

[sincero1] 29/3/2021 15:10

HITS , i didn't ignore your "facts " i read them and have made my judgement . You like to be flexible with your word definitions, a classic sign of an unintelligent mind .

[kwizza] 29/3/2021 15:05

"New Angus Charts and News"

What happened to the Charts please ?

[sincero1] 29/3/2021 15:02

jtids - you asked me 2 questions and graciously i answered. If you wanted more you should have phrased your questions a little better, good try though .
I have a question for you , what is your " credible argument " for criticising a share whilst it doubles in price from 0.6 to 1.30 dec - jan ?

[headinthesand] 29/3/2021 14:35

Sincero, I note with no surprise that you have chosen to ignore the four quick facts to which I drew attention as at least partial underpinning for my take on ANGS.

It seems that your sole recourse is to go down the tired and frankly trite ad hominem route. Your choice, needless to say. However. if you're going to attempt to play a self-awarded intellectual superiority card, perhaps avoid confirming your belief that the phrase "any more" should be written as a single word.

[jtidsbadly] 29/3/2021 14:28

Sincero1: well, the “no” is an opinion. Not so much the “once received”!

You’re not so much a “ramper” as someone who’s been sent over here to muddy the water by postingalot. But it’s so clear what’s going on here, you haven’t got a chance. You can carry on with your impolite suppositions but until you can offer a credible argument in favour of investing in this crock, I think you’re likely to be ignored. I shan’t respond again unless you express an opinion worth commenting on.

[sincero1] 29/3/2021 14:14

jtidsbadly "and not a single one containing an opinion" and still you have already decided i am ramper and/or someone else posting under a different name . you are rivalling HITS for arrogance and stupidity .. are you, hits and rastuss the same person?

placing next 2 weeks - no

loan proceeds to be disbursed - once received

[wolfofthewoods] 29/3/2021 14:09

How do you know about Rastuss at all? Or simply someone with a history in this and new id?

Regarding share price up and down, it is the aim casino. No one said you cant lose or win money trading, that has nothing to do with this being a poorly run and incompetent company. No one sane would look at the sheer amount of failure and think "winner" . But you know all this as a previous incarnation.

[jtidsbadly] 29/3/2021 14:03

sincero1: you've postedalot of impertinent posts commenting on other posters and not a single one containing an opinion.

Do you think there will be yet another placing within the next two weeks? When would you expect the loan proceeds to be disbursed to Anguish?

[jtidsbadly] 29/3/2021 13:57

Are the below, from the 2 December 2019 announcement, still “conditions precedent”?

“There are still quite a few hoops to get through, most particularly OGA approval of our Field Development Plan (which will also remove the Abandonment Notice on the Field put in place as a holding measure following the change in ownership), EA, HSE and NLCC approval of changes to the site..“

The CPR in March last year stated that the Field Development Plan had been submitted to the OGA for approval.

If the above are pre-conditions for a loan, along with Knowe’s approval etc., there’s still a lot to be done. But they need more money very soon, in my opinion. Yet another placing. It doesn’t seem right, does it? They’re kicking the can ever further down the road with no prospect of making a return on the money that shareholders donate on the basis of misleading news releases. All in the interest of drawing quite decent salaries, whose size is revealed a year in arrears.

[sincero1] 29/3/2021 13:49

HITS thanks for confirming what i already knew ... you are both .

[sincero1] 29/3/2021 13:46

jtisdsbadly, you should have stopped writing at "you’re fully entitled to your opinion and to express..."

a brief read of your posts here and your posts as rastuss on the other board tells me everything i need to know.

you were critical of this share at 0.60 in dec and continued to be critical of this share all the way up to 1.30ish in jan .... i really don't need to say anymore on that.

you perhaps are entitled to criticise the fall in price since Jan but the fact that you criticise irrespective of price increases and falls makes your comments and opinions completely irrelevant.

[jtidsbadly] 29/3/2021 12:24

sincero1: you’re fully entitled to your opinion and to express it. Everyone on this board supports this. Your opinion will be tested against the facts and by other posters’ experience of holding shares in this. It comes up a bit short in both respects, that’s all. As a new poster, you’d do better to read what’s written here before posting impertinent remarks about people who’ve researched this company in detail and been right about it to date. If people here suspect your motivation (and other pseudonyms) it’s because you express presumptuous opinions about posts on another board. I hope you’re not going to postalot on this one.

[headinthesand] 29/3/2021 12:20

Sincero, I'll go for a different option, thanks. Let me charitably explain - and in the interests of education, I'll use something that you seemingly have an inability to grasp, namely facts.

Combined with that, my opinion is also founded both on the ability to understand the English language and a basic grasp of maths.

For example...

I know there's a substantive cash difference between "£2.5 million to get Saltfleetby to first gas" and "£12 million to get Saltfleetby to first gas".

I know there's a substantive time difference between "first gas from Saltfleetby by Q2 2020" and "first gas from Saltfleetby still failing to come to pass by Q1 2021".

I know there's a substantive difference in meaning between "imminent" and "in the near term".

I know there's a substantive difference in meaning between "indications/soft commitments/conditional mandates/best efforts" and "confirmed financing secured".

It's hardly rocket science, is it?

[sincero1] 29/3/2021 11:59

HITS so as i am new here my opinion has no value ? you will note i haven't ramped the share but your bitterness towards this share clouds your judgement and you brand me a cheerleader or is it that you are just arrogant or an idiot ? you choose ?

[jtidsbadly] 29/3/2021 11:53

Well it felt like one.

[sincero1] 29/3/2021 11:51

certainly not a compliment , he/you are one in the same....

[jtidsbadly] 29/3/2021 11:48

sincero1: you flatter me. Aren’t you Ocelot, still ramping this crock?

[headinthesand] 29/3/2021 11:34

Sincero1 and his/her three posts. Honestly, you'd think the cheerleading squad could come up with a more credible alter ego sock puppet...

ANGS can't even attract a halfway competent collection of rampers. Oh dear...

[jtidsbadly] 29/3/2021 11:02

Placing imminent.