Angus Energy Share Discussion Threads

[ja51oiler] 04/6/2021 12:39

HITS

This is Angus!...as you know there is always something that crops up!
There are a few things that could sway the share price as far as I can see.
There was no mention of the Knowe £1.4 Million CLN yesterday. That is going to need to be resolved at some point. The AAOG issue is far from resolved as are the accounts for Saltfleetby and Forum not being published yet. Does Angus now share the Pipeline De-com costs which may run into the Millions?.... We were told they were looking for a farm-out partner for Lidsey! this now looks not to be the case, Brockham EA permission and SCC PP to be sorted for the water disposal, and of course Balcombe and the decision to throw the towel in or not there. We know that the £12 million was solely for Saltfleetby so any of the other "ha hum assets" will need financing at some stage. Then there are the £200k shares that they have given Aleph for sorting a loan out that they themselves now seem to be supplying could well come onto the market also.

Finally, the half-yearly is published in three weeks' time...that should make interesting reading and could scare some off!

[sincero1] 04/6/2021 12:08

jtisdbadly " It’s surprising that Mercuria has approved the use of its money" hmmmmm who to trust ? mercuria a multinational multi billion pound global energy and commodity group or a nameless , faceless cretin posting constant negativity and supposition on an online board .. hmmmm , such a tough decision ...

[sincero1] 04/6/2021 12:04

like i said - ramblings of cretins "0.20 soon" "placing soon" "running out of money " or "contract void" should be correctly ignored.

[jtidsbadly] 04/6/2021 11:45

HITS: if you read p.9 of the September presentation, there’s nothing there for G&A expenses, nor for interest/capital repayment costs. G&A expenses will take at least a £1mm. p.a. hike upwards for operating the Saltfleetby plant. They’re not going to be able to complete it within budget, in my view. The 50mm. new shares that Angus are issuing to their lenders are to pay outstanding bills. Some or all of these are likely to overhang the market.

I think there’s every prospect that gas will not be flowing until at least the second quarter of next year. The fact that the hedges apply from the end of the second quarter suggests that Mercuria shares this view. The chances of a successful sidetrack are another matter. It’s surprising that Mercuria has approved the use of its money for another attempt from SF007.

In view of the above, I shall be surprised if there isn’t another placing, and more to come. The interim MD must be looking at the reaction of the share price since the RNS with concern.

[sincero1] 04/6/2021 11:38

Hits - i broadly agree with most you have written .I think a positive week . a slap in the face of the resident window lickers - no surprise there. ramblings of cretins "0.20 soon" "placing soon" "running out of money " or "contract void" should be correctly ignored.

[headinthesand] 04/6/2021 11:22

As I've said next door, I don't expect the ANGS share price to move significantly up or down unless and until 100% independently verifiable news of commercially viable volumes of gas being pumped from Poundland arrives.

The market's paid just as little regard to this week's RNS on financing as it did to the financing update one a month or so back. That's utterly unsurprising to anyone with an IQ bigger than their shoesize. Which may not include George who, following his paid-for softball interview with LSE a few weeks back, has just engaged in another with everyone's favourite PR harlot, Zak Mir. And - again surprise, surprise, zero effect on the share price.

The market very plainly ascribes no value whatsoever to any ANGS statement, forecast, estimate, assurance or prediction - yet again unsurprising, given the company's as yet unbroken record of total non-delivery. The only thing that will change the market's view now is first gas in commercially viable quantities. Nothing else will do - and George/ANGS have now entirely run out of excuses. (My most optimistic estimate, presuming that first gas is even extractable in commercially viable quantities, is mid to late Q1 next year, but we'll see).

The above factual summary is actually not more bad news for long-suffering PIs. I don't see the current ANGS share price decreasing to any significant extent over the next several months either, because the market's very clearly already built in the company's threadbare credibility.

The only things that could cause a short-term steep drop in value would be a further placing (which I personally find it hard to believe would happen, but that entirely depends on how tightly the actual usage of the £12 million has been contractually controlled by the lenders), or a completely bizarre and unforeseeable event (like a non-board director suddenly gifting usage of his shares to some youthful Eastern European blonde for some God-unknown reason). Failing those, I'm forecasting a tight range of doldrums for the ANGS share price until very late this year.

[sincero1] 04/6/2021 11:05

ja51"contractvoid"oiler - totally humiliated for previous posts and still hasn't learned ... oh dear. i see you need more of my help ....

[sincero1] 04/6/2021 08:48

jtidsbadly -"Poor old Angus, down to 0.20 soon"."I think my 0.20p forecast was generous" ... still too soon jtidfruitcake? cuckoo cuckoo...

[sincero1] 04/6/2021 07:37

lol , resident window lickers posting in overdrive , scrambling, irritated, worried, supposition to the max . hopefully nurse will have them sedated for most of the day...they really need the rest.

[clottedq] 04/6/2021 07:31

Here's the *condensed tale (so far) of Anguish for New Potential Investors:

Promise - Delay - Failure - Repeat (Repeatedly!)

CQ ;-)

[clottedq] 03/6/2021 21:36

You instinctively know a company has reached an all-time LOW, when even Flagstaff (the PR agents) feel a need to chip in on the bulletin boards!

What on Earth did Lucan & chums expect after failing to meet a single financial or operational deadline at each and every turn. Did they really feel they deserved a slap on the back for BELATEDLY delivering a costly loan... way over budget... with multiple strings attached and the inevitable spectre of further large dilution via awarded sweetener share allocations?

Lackluster market reaction today just about sums up attitudes toward this company:

DELIVER "FOR ONCE!" Otherwise we are "NOT" going to take anything you say with ANY credibility whatsoever.

Here's a message for Lucan (which equally applies to Share-coin Sanderson of U-Dog):

Once TRUST is lost - it takes a long... LONG... "LONG"... time to win it back - IF EVER!

CQ ;-)

[jtidsbadly] 03/6/2021 19:31

Correct, gkb47. They can’t survive as a company (G&A etc) on just this loan money, which is earmarked for Poundland. There will have to be placings. Hard luck, the stale bulls. How will they get Frazer Lang out?

[jtidsbadly] 03/6/2021 19:23

CQ: yes, they appear to have got a loan they didn’t need after 15 months of trying, on terms which may prove quite unaffordable. If the interim MD is to be believed, they could have got $20mm 15 months ago from one of the banks they were talking to, which would have been on far easier terms. His failure to close such a deal while it was offered has caused such delays, cost overruns and higher interest costs, that they need a sum at least equivalent to $20mm. now. The bank loan a year ago would also have left him a margin with which to pursue his ambitions in the Weald! As it is, without further equity finance they’re hardly likely to be allowed by Mercuria to do anything with the loan money except Poundland. That’s if you believe what he says.

They must be disappointed with the share price reaction, what? A bit of a blow, I should think. We were absolutely on the money about their cash position, as it’s turned out. There is no way they are going to be connected up and ready to flow gas this year. With this shower, I’d be worried about the hedges next summer!

I wonder what the interest rate is. Still, as I observed earlier, the important thing is that the Board has safeguarded for itself another 6-9 months salary. If they’re not close to first gas by year end (and their experience of building even very simple plant in autumnal weather in Lincolnshire is not encouraging) I would be surprised if Mercuria doesn't initiate steps to replace them. It’s not too late to sell.

[sincero1] 03/6/2021 18:52

uclot - still posting ? you clearly have no self respect. Thankfully nurse appears to have sedated jtidsbadly and ja51"contractvoid"oiler...they needed the rest...

[clottedq] 03/6/2021 18:04

Ocelo-BOT: "Angus has delivered on the most time-consuming element of Saltfleetby, the debt facility."

Correction: Anguish has delivered on a loan agreement which it previously informed shareholders and The Market it NEVER NEEDED IN THE FIRST PLACE!

If that is heralded as a success... we really are following Lucan & chum(p)s down the yellow brick road...

This company is a continual car crash driven by a team who haven't even passed their test yet!

CQ ;-)

[sincero1] 03/6/2021 13:42

jtidsbadly " bs " now the old feller is swearing ...he has totally lost it , agitated ready to blow ... listened to the interview and tried to spin a negative.... if anyone ever wanted proof that this clown is deranged there it is .... wow

[clickbait] 03/6/2021 12:22

Earlier someone posted BOOM. I’ve just refreshed the ANGS GOOGLE share price have I missed something?

[jtidsbadly] 03/6/2021 12:21

I’ve just listened to the interim MD’s interview with Zak Mir. He doesn’t sound very confident about first gas this year. No wonder the hedges don’t apply before the middle of the year. More bs about the past 15 months too! And Lidsey!

[sincero1] 03/6/2021 11:44

appears nurse has sedated the resident loonies...about time too...

[sincero1] 03/6/2021 09:38

jtisbadly " So expect a share placing ASAP" i think this old duffer has lost the plot completely. in a terrible spin, i get you're embarrassed and humiliated , it must be a bitter pill to swallow , the shame must be unbearable

[jtidsbadly] 03/6/2021 09:34

gkb47: the £360,000 is being paid in shares, as I understand this. The value of the new shares (30mm + 20mm) is about £470,000, at their own valuation. I dare say Mercuria will be getting all its original demands met from this, the rest will go to the new boys etc. That’s not the full extent of it, though, they’ll be making further payments or share issues to meet further unidentified bills which haven’t yet been paid. We’ve said they hadn’t got any cash left since early April. It seems we were pretty well on the money. So expect a share placing ASAP to pay overdue bills and provide a (very small) cash buffer.

That Malcy interview could come sooner than I thought! Be careful what you wish for.

[sincero1] 03/6/2021 09:25

jtisdbady - calm down , so irritated this morning , remember ignorance is bliss

[jtidsbadly] 03/6/2021 09:08

And now Flagstaff are posting on the other site in support - IN THEIR OWN NAME! They must be under pressure. This level of scepticism demonstrated in the share price and trading volume must be quite annoying to the PR firm.

I agree with you, JA51. Anguish are going to lose money on this project. By the way, your £2.2mm. G&A expenses is going to be boosted by the £1mm. annual staff, security etc. cost at the Saltfleetby site. The interim MD was very pleased last year to announce that they'd found a way to reduce the amount paid by Wingas from £1.8mm. to £1mm. That’s in spite of the added complexity of the plant. You wouldn’t want to be a neighbour, would you? Dust off the old Anderson shelter and sleep there. Still, knowing the Board’s proven expertise in keeping project costs costs to a minimum, who’s to say they won’t do it? It’s still another £1mm. though.

[sincero1] 03/6/2021 09:00

jtisbadly - as predicted waited for market reaction, what a clown so transparent .. " I think my 0.20p forecast was generous." another screenshot to keep. total humiliation ... ouch ..... never learns or is just a cretin .