Angus Energy Share Discussion Threads

[jtidsbadly] 31/3/2021 09:21

JA51: I dare say the Shell agreement is still in place. All they’ve told us is that Shell will take all they produce. Nothing about contractual starting dates, price, quality, penalty clauses for non-performance etc. I think in the absence of information it’s fair to surmise on a variety of scenarios, don’t you?

This person has run the term “in the event” up the Flagstaff, so to speak, so here’s the relevant part of note 3:3 to the recent annual Accounts:

“As noted above, in the event that the Group is not successful in concluding the debt financing arrangements, there would exist a material uncertainty that may cast doubt regarding the Group's ability to continue as a going concern..”

[sincero1] 31/3/2021 08:51

ja51oiler - original rns of the agreement is proof, nothing else has been released to the contrary ... you are are looking very foolish ..stop it .

"Angus would be in breach for non-delivery and it would now be void" where is the rns stating that - doesn't exist. have you seen the contract and know there is this clause - NO . You are just making stuff up again to suit your narrative. another irrelevant poster.

[ja51oiler] 31/3/2021 08:38

sincereo

As JT has pointed out, if there was a contract still in place with Shell as you maintain, Angus would be in breach for non-delivery and it would now be void.

All the evidence points to the gas "Should there ever be any" having to be hedged at 30p as the RNS's you request state.

As it was you that alledged that the agreement is still in place could I ask you to provide proof that it is.

[sincero1] 31/3/2021 08:31

jtidsbady " in the event " just making stuff up again....


JA51oiler - how you getting on finding the rns that says the shell deal was reneged , you know the one, the one that DOSEN'T exist. stick to the facts son as when you make stuff up , like jtidsbadly/rastuss, you appear disingenuous

[jtidsbadly] 31/3/2021 08:09

Here’s the only question for the AGM that matters:

“what measures has the Board put in place to ensure that the company remains a going concern in the event that the planned £12mm. loan does not materialise?”

[sincero1] 30/3/2021 19:11

jtisbadly "I imagine" "may " "there could be"

why are you here ? totally irrelevant...

[jtidsbadly] 30/3/2021 18:41

chickndinner: you didn’t like him so much then?

Wolf: I agree with you completely on this. Most people know when a thing is wrong and if you know it’s wrong, it’s wrong, whether it’s lawful or not. The corrupt, greed is good way of thinking that’s seeped into the whole system since Big Bang is going to take a long time to expunge.

JA51: I imagine the “lenders”; are restricting forward sales to 70% of planned production because they’re (rightly) worried that Anguish may hit technical problems and production lacunae may arise. Anguish are intending to cut the permanent staff at the production site to about half the level Gazprom maintained. And there could be unforeseen issues with the gas wells. And would you trust this lot to operate in the derivatives markets? They’re basically just hedging the price, they don’t intend to deliver gas with these contracts, do they? It would be tough if they sold 70% of their forecast gas with forward contracts at 30p., hit production problems, the gas price goes up and they can’t meet the Shell contract terms and have to cover their forward contracts at a much higher price. Doesn’t bear thinking about.

Still, this is fairytale stuff. Fortunately. It’s not going to happen, is it?

[chickndinner] 30/3/2021 18:06

As Mrs Lucan is also in the red from her 1st investment maybe she should start posting to encourage the boards. But not a lot?

[sincero1] 30/3/2021 17:55

ja51oiler, please show me the rns that states the agreement has been reneged.....Good luck with that..

[wolfofthewoods] 30/3/2021 17:50

The thing with doughnuts is they have some lovely jam.

Enjoy the windows on way home.

[ja51oiler] 30/3/2021 17:30

Erm....."The agreement with Shell is real and still in play" ,,,,,,,& how have you come to that conclusion?
We were told an offtake agreement to buy the gas had been signed. Unfortunately, they failed on the timeline, Failed to connect the pipeline, and are planning to hedge at 30p a therm. Bang goes your shell agreement! along with the valuation you illustrate from the totally discredited CPR which based its valuations at around 38p per therm.

[sincero1] 30/3/2021 17:23

wolf i think you have sharedealing and philanthropy mixed up. round my way you would be described as a right doughnut.

[sincero1] 30/3/2021 17:01

wolf "If you think the only win is to make money then where does it end?"


you need help

[wolfofthewoods] 30/3/2021 16:53

its not buy , wait and expect price to rise and then sell at massive profit

Erm, that is exactly the point of investing. Somehow the game has changed to lie, cheat, rinse and repeat. Getting away with it, doesnt actually mean it is legal and of course, it is dishonest. Somehow idiots think the game is to mug fellow man rather than invest in a growing business. If you think the only win is to make money then where does it end?

[sincero1] 30/3/2021 16:45

HITS you have clearly lost faith nothing i can say will change that .... what perhaps will is SF - lowest end of cpr is 2.9 if that's optimistic .... 2? that's still way north of here. Perhaps 2 gets your head above water ? The agreement with Shell is real and still in play.

[headinthesand] 30/3/2021 16:27

Where I'll strongly differ is that I don't have any faith whatsoever in any long-term play re Poundland. There are just too many counter-productive signs causing to me at least a seriously bad smell about Sfby.

I've now got it down as another Lucan fairytale - it may have looked good when bought for minus £2,499,999 (though I suspect desperation at the time to have any new story to spin to PIs may have caused a serious lack of due diligence), but now reality has been established, it looks (to me at least) ever more like a dud. And I think ANGS has known this for a fair few months.

Basically, if it looks too good to be true, make sure you count your fingers.

[sincero1] 30/3/2021 15:52

jtisdsbadly...yawn, are you still talking ? no one is listening . zero credibility
, motives unknown .

i agree with HITS ( steady!) perhaps this is a short term trade currently but this is sharedealing isn't it? its not buy , wait and expect price to rise and then sell at massive profit , if you think its that (wolf) then you need help.


the longer play is SF - remember cpr and agreement with Shell Energy Europe both of which are still in play .

[jtidsbadly] 30/3/2021 15:03

HITS: I think this conversation with postalot is a waste of breath. If she’s managed to trade it successfully in the past, perhaps she'll tell us when she spots the next opportunity. Then we can either follow her in (and thereby support her price) or watch what happens. I've looked back briefly at her recent posts and can’t find a clue to how she’s managed it. She doesn’t seem to know whether it’s a buy or a sell.

[headinthesand] 30/3/2021 14:42

Sincero, there is without a doubt a great deal of credence in the view that the current ANGS board have been shall we say decidedly economical with the truth vis a vis information released to market.

Either that or they've been provably crushingly and serially incompetent (cf. repeatedly missed timescales, failure to deliver on any assurances and to cap it all, getting the costs of achieving first gas at Poundland wrong by a factor of nearly six).

Or most likely, both.

To those nastily painful wounds inflicted on PIs, now rub in the particularly caustic salt of a 52% self-awarded board payrise in 2020 (itself a further year of zero delivery) and the justification for holding a somewhat jaded opinion on George and his fellow fairytale spinners becomes both crystal clear and pretty much unassailable.

Of course feel free to point out any holes in the reasoning and evidence underpinning the above... but that may be just a tad tricky, because everything I've just mentioned is by now a matter both of public record and of actual fact.

[jtidsbadly] 30/3/2021 14:38

You only make decent money trading this if you jump into one of the occasional ramps early and get out in time. It’s easier to do this if you’re an insider yourself. At least one of these ramps has coincided with the exit of a large shareholder.

I agree, unless you’re an insider (in this totally unregulated market) there have to be less risky stocks to trade.

[sincero1] 30/3/2021 14:29

wolf "You agree that they have failed in everything they do.." errr no, i didn't say that .worrying how you can read something and believe it means something else . my point was , but you failed to grasp it or more likely don't want to as it goes against your narrative, was that the price doubled from 0.6 to 1.3 . undoubtedly people made a nice profit then, me included. it is all about where you buy in and where you sell out, i really fail to understand your point of view unless it is only based on a bitter experience at least HITS admits his position and therefore i understand his posts and for that i give him credit .

[wolfofthewoods] 30/3/2021 14:25

I have never said you cant make money trading this. I said why would you bother when other companies dont have the baggage, and less risk of this totally collapsing?

[headinthesand] 30/3/2021 14:03

Unless one is in ANGS for a short-term trade (which is I now believe the only way to have any chance of making any return out of this ongoing car crash),rather than handpicking snippets of time in order to try to justify a shaky point, why don't we simply look at the share price at the start of George's taking the reins and compare that to the share price now?

That is inevitably going to be far FAR more representative and fair as a yardstick against which to measure George's and the current BoD's performance...

[wolfofthewoods] 30/3/2021 14:02

Sincero,

My points are never irrelevant, I dont waste my time. You agree that they have failed in everything they do, investors missold and misled, and the company today continues to produce nothing of note with huge running costs? If there was something to get behind, then of course we would be more optimistic. But there isnt. Nothing.