Angus Energy Share Discussion Threads

[jtidsbadly] 06/10/2021 15:14

1347: well, i agree but he made the claim, didn’t he? He’ll have known their minimum lending criterion, he could have padded out the financing requirement a bit to comply with it, what? In the event, they’ve needed much more than £16mm and the opportunity cost of missing this huge ramp in gas prices may well one day be quoted in GCSE Business Studies text books. It should be. If it is, there will be a footnote pointing out that the Interim MD was an acknowledged finance expert..

[jtidsbadly] 06/10/2021 15:04

3Put: from the September 2020 Q&A:

“The larger lenders tend to have a minimum “ticket size” of $20 m and above and ESG has become an issue for some as well. We nonetheless spent the summer doing technical and financial due diligence with one well known institution and were only pushed back due to this size issue at the last minute.“

[jtidsbadly] 06/10/2021 14:43

Pass. It’s all in the September 2020 news or presentations, if I remember rightly.

[3put] 06/10/2021 14:40

Why would they turn down 16m from a bank to take a 12m loan elsewhere?

[1347] 06/10/2021 14:32

JT - Allegedly. Given that little else has been as LL indicated, I have my doubts there ever was such an offer,

[jtidsbadly] 06/10/2021 14:23

1347: and they were offered £16mm or so last summer by a large bank and turned it down! You also have to add £2.5mm or so per year of admin costs that would have been covered by cash flow from Poundland if they’d got it going according to their initial schedule. That’s another £5mm. And anyone who believes Anguish’s updated timetable hasn’t been following this for very long, what? And in any case, the CPR on which they’re all basing their offtake assumptions used figures provided by this crew.

[1347] 06/10/2021 14:14

Well actually they said they could get to first gas for £2.5 m, which was in fact paid to them to do ex#actly that. So they should not have needed to raise any cash at all let along £12m, oh plus about £8 m in placings and £2.4 m in Convertible Loan Notes since Lucan arrived. So £2.5 m to first gas has become more like £25 m in total. It's not as if there has been anything else put into production to justify all that expenditure has there.

[jtidsbadly] 06/10/2021 14:09

If one were MD of this and believed that the Lenders’ assumptions re conservative projections of gas output were truly conservative, one would be thinking about hedging the rest of what one expected to produce by next June at current prices, what? This kind of huge price rise in a commodity suggests an element of short squeeze. The trouble is, the Interim MD of this doesn’t appear to know the Lenders’ assumptions. The share price will now doubtless continue to be volatile, with the gas price. The current price of gas doesn’t much change the fundamentals: if Anguish can’t produce enough gas to meet the hedges’ conditions, Poundland will probably fall into the Lenders’ ownership next June. Lidsey and geothermal are irrelevant.

[whocares765] 06/10/2021 14:09

JTI

Didnt stop EUA
Didnt stop FAR
Didnt stop HZM
Didnt stop COPL

Life goes on.

[jtidsbadly] 06/10/2021 13:07

With a £12mm. loan.

[3put] 06/10/2021 13:02

How else would you expect a pre-revenue gas explorer to raise cash JT?

[jtidsbadly] 06/10/2021 12:58

I’m not sure the chaps on the other site understand warrants. Yes, if the share price rises significantly above the warrant exercise price, the holders will exercise the warrants and the company will get the money. But the converted shares will then hit the market, putting a lid on further share price rises - in the absence of more good news. It’s basically a fund-raising, little different from a placing.

[whocares765] 06/10/2021 12:58

Looks like a shift!

[whocares765] 06/10/2021 12:19

This who knows

[whocares765] 06/10/2021 12:18

3put you got access to RSP?

[3put] 06/10/2021 12:14

The depth just now is massive, must be a big worked buy you would think

[1347] 06/10/2021 11:48

Forward selling? There is no other expected news to explain it. Won't be long now ... Anguish is pleased to announce blah, blah, blah.......

[jtidsbadly] 06/10/2021 11:48

This is the post I referred to earlier. It doesn't sound like cudswallop’s usual output, what?

“Ignoring 300p and having 150p is TRANSFORMATIONAL for Angus, someone mentioned TLW where the price of oil regardless of its perilous position rebooted it's market cap.... Think ofC COPL too, this is going ONEWAY HARD IRRESPECTIVE OF DILUTIONS OR DELAYS”

I think we may hear soon about dilutions and delays, what?

How far can the gas price go from these levels? It’s going to price poorer countries out of the market altogether soon.

[bionicdog] 06/10/2021 11:46

I knew it was the MMs. Grrr!

[johncasey] 06/10/2021 11:44

1,000,000 buys disguised as sells..mms trying every trick in the talmud

[sincero1] 06/10/2021 11:36

hits - the price is north of 1p... what do you think , i ask as i know you think for yourself unlike some on here....

[jtidsbadly] 06/10/2021 11:35

3Put: good luck with those.