Angus Energy Share Discussion Threads

[1347] 01/3/2024 12:20

Yes JT but the UK entity is just the London front company. There are several other Kemexons in other jurisdictions and the one named on the TR-1s is the Hong Kong one. Like Aleph and their ultimate owner being in Delaware, USA it makes you wonder who is really providing the funds and whether it's all above board doesn't it?

[jtidsbadly] 01/3/2024 10:21

1347: I mention those two because of one or two important similarities to the position here. As for “most of this”, I agree with all of it really but think the 0.40 is irrelevant now. If there’s a takeover. It will be at a fraction of that price. They'll get the biggest possible placing away first though, what?

I’ve had a look at the Kemexon UK accounts published last month. It’s a tiddler, isn’t it?

[1347] 01/3/2024 09:55

Nearly all?

I don't expect UKOG nor VAST to stagger on much longer but with the combination of the crookedness of the companies and the market and the stupidity of the daft mug punters you can never be sure for just how long, but those companies are best discussed on the respective BBs. Next is UOG, that's gone south as well, but I'm sure there are plenty more on AIM to choose from.

[jtidsbadly] 01/3/2024 09:24

1347: yes, I agree with nearly all of this, as you know. I think it’s more likely that Anguish will be taken over and a minimal payment paid to shareholders for it, more like 0.05 or 0.1p per share than anything close to where it is now. People will ask, in that case why go through the whole loan process? Well, there’s a few nice arrangement fees involved in the latter, and Trafigura will get its money back in a takeover, won’t they?

The jayhawkers on the UKOG and Vast sites don’t seem to be universally content. Who’s next?

[1347] 01/3/2024 07:46

JT The writing was on the wall as soon as they took on the Bridge Loan Too Far and 'erbert dialled the floor price down to 0.40 p. It was either stupid or deliberate to get the share price down. Even I didn't expect them taking on the even bigger Arnhem loan without even paying the Nijmegen loan off and it told me things were worse then I thought and confirmed my thoughts as to why 'erbert had been installed.

Once it happened I predicted the steady decline towards 0.4p, the MMs duly obliged. The Jayhawkers should have figured it out, but they are none too bright and, as Simon and Garfunkel sang, a man sees what he wants to see and he disregrds the rest. So now the tune is the Sound of Silence. I don't expect Anguish Energy to be a Plc in the current form for that much longer, Trafigura want the storage to smooth out the long term LNG contracts they have negotiated and they are now in a position to aquire it, as and when it suits them, they would have no need for a failed Plc, just the site and a team to operate it.

[jtidsbadly] 29/2/2024 18:18

A mute fatalism seems to have descended on both boards, what?

[1347] 28/2/2024 20:47

JT 'erbert won't be bothered, like the last numpty, they just take the money and run, integrity is an alien concept to them and I doubt he's bothered about future employment prospects.

[jtidsbadly] 28/2/2024 15:28

1347: yes, I agree with this too. Mr. ‘erbert would have been an imbecile to take the job without having taken even a cursory look at the shambles he was being parachuted into. He hasn’t been very complimentary about the previous, noble, incumbent, what? He must have been given some assurance of a decent reward for lending his name to this horlicks for a year or so, or his future employment prospects would be compromised, innit?

[1347] 28/2/2024 15:11

Yes but your 'friend' didn't run the calcs did he, or at least didn't publish them. I've said all along 'erbert was installed especially for this scenario, they key word here is 'contrived'.

[jtidsbadly] 28/2/2024 15:00

Yes, 1347. My friend OofyProsser offered a similar analysis in Kansas yesterday. I agree with you, its a distinct possibility. They’ll want the share price still lower before they do this. It’s no wonder the Directors of Anguish have not been avid buyers of the shares, is it?

[1347] 28/2/2024 14:10

Of course JT there is another scenario. I've just run the calcs and after the fee shares are issued to Aleph and assuming they don't sell them down then they would hold 9.80% of the Anguish Energy shares. They may hold more in their associated companies below the disclosure level, as per RNS of 11th July 2023, or they may have been buying or selling on the market but not disclosing, as they have been known to do.

Now I believe, whether formally announced or not, that Kemexon and Aleph are acting in concert, after all Aleph introduced Kemexon and Kemexon hold shares in Aleph International Holdings Ltd, the parent company in the UK, the other one with Inc at the end being in Delaware, as we know. So after the fee shares are issued they will hold 31% between them I reckon, making an offer mandatory. Of course with FESL & Knowe on board they would get to 50% fairly easily, a de-facto back door take out.

Just idle speculation and personal opinion of course, usual disclaimers apply.

[1347] 28/2/2024 08:35

JT You are missing a piece of the jigsaw, he gets control using the money he got from Anguish for the first half and then sells it on, it's not like it's never been done before is it, Wingas?

[jtidsbadly] 27/2/2024 23:48

1347: he doesn’t look much like a man with ambitions to be a captain of industry, does he? He’s made a lot of money in his dealings with Anguish and is going to make a lot more. The work involved in the accelerated depletion of the gas field will be time-consuming and will require access to large amounts of money. I can’t see it happening - but this is AIM, so you never know. The share price reaction tomorrow to this RNS will be interesting.

[1347] 27/2/2024 18:29

Hey here's a thought, FESL might get the deferred consideration in shares (see RNS), at this rock bottom price he'd get a shed load of confetti shares, so he could, possibly with a bit of help from Aleph and Kemexon, take over Anguish Energy. He'd effectively be able to get all of Poundland back using the money that Anguish gave him for selling half of it.

[iceagefarmer] 27/2/2024 18:25

i guy called Kubla reckons start buying up small gas stocks

[1347] 27/2/2024 18:21

JT I think it already does to a large extent, due to 'erbert, either stupidly or deliberately, setting the dial at 0.4 p. The MMs (one of whom being the Company's Broker) duly obliged. Not sure how much lower it can go now, they'll have to engineer some kind of rise in advance of a take over/de-listing at some point so some of the insiders can get out at 'mates rates', a la Labrum and Lang.

[jtidsbadly] 27/2/2024 17:25

Dreadful for shareholders. I wish them good luck but agree with you 1347. You’ve been warning for a very long time about a low priced takeover following exercise of options/warrants etc. at a low price. I’ve gone on and on about the need for further big equity issues here. It’s done and dusted. I wonder how long it will take for the penny to drop and for the share price to reflect the reality.

[1347] 27/2/2024 17:13

GM Resolutions tabled for authority for further confetti issues for equity wipeouts. I reckon when they've churned a bit more confetti to retail mug punters to pay off Aleph and FESL then will come the low ball take out offer. By then enough shares will be held by related parties to make it a foregone conclusion. You heard it first right here.

[ja51oiler] 27/2/2024 12:18

JT. Well, as Malcy once said of Angus "it's as close to un investable as you can get" At 0.40p that would seem to hold true at the current price. At 0.66p some may see it as a short term punt!It's only heading downhill in the end though, unless the gas prices improve. And with 2 wars ongoing and the Red Sea situation still in play, that's also looking highly unlikely.

[jtidsbadly] 27/2/2024 10:49

JA51: aren’t we past that now? Who’s going to convert warrants even at 0.40? Unless the gas price takes a big hike upward, what’s going to get the share price up yo justify conversion? Poundland is producing very little more with the sidetrack than it produced without it and at much greater cost The pressure in the depleted gas field is starting to fall. Big new capital spending will be required this year to counter the falling production for a while. The cost of this, added to running costs, will way exceed cash flow with the gas price where it is. The forward contract price falls into the 30’s in April for a few months. Yet more share placings will be needed. We’ll know more when the Accounts are published, though.

[jtidsbadly] 26/2/2024 23:59

1347: I’ve only looked at four. Not a very representative lot. AAOG. UKOG. Vast. Angus. All disasters. AAOG has already gone. UKOG hasn't got much longer. Vast could go at any time. And we all know about Angus, what? I’ve been watching this for four or five years - ever since The Earl of Clanwilliam became a nn-executive Director. I followed his progress from the collapse of NMC. It’s been an eye-opener.

[1347] 26/2/2024 19:31

Yes JT anytime between now and the end of March. I'm seeing more and more AIM O&G companies going pear shaped. I reckon there could be quite a few failures in the coming weeks and months.

[jtidsbadly] 23/2/2024 19:54

1347: it was 7 March last year.