Angus Energy Share Discussion Threads

[shareprofessor] 07/1/2022 11:16

Filtered JTisdbadly appears very active today back from licking his wounds from yesterdays thrashing from all sides judging by the posts mentioning him. I pity those that have to read his blether. Filter him, oh what bliss.
Ja51oiler you keep persisting with this necessitous deceit. You claimed that the company was in breach of planning working over the Christmas weekends and bank holiday. Then , muddled , you claim that they can continue works . Now you are trying to back date a new submission to support your original claim. Your mind appears scrambled . This multiple profile , multiple site life you lead to deceive appears laborious and beyond your skill set .

[ja51oiler] 07/1/2022 11:13

JT
It could well be Aleph for all we know!

[ja51oiler] 07/1/2022 11:12

JT
I Think Wolf may have an idea about the relationship?... If he still reads his own thread perhaps he could enlighten us?

[jtidsbadly] 07/1/2022 11:10

JA51: it’s been suggested, yesterday, that that may be the case and I offered something similar here. It’s quite possible that the party who made the non-binding approach mentioned in the RNS is AAOG or another of Mr. Forrest’s other entities. Or Frazer!

[jtidsbadly] 07/1/2022 11:05

JA51: has Jonny still got some of these, then? One never more knows with him. Even if he’s someone’s godson, there has to be a point when a chap says “enough’s enough”. Whisht.

That’s interesting! 28 January. No unseemly haste there then. Anguish must be hoping the neighbours won’t jib at it. Even so, I think they’ll get permission soon thereafter. Still, it’s another three weeks at least, isn’t it? There’s always a residual risk, what?

[ja51oiler] 07/1/2022 11:03

Thanks 1347

I only ask as Forum Energy Services Ltd.. (AKA Mr. P Forrest)... AKA (Saltfleetby Energy Limited)... AKA (the controlling party in AAOG) bought the CLN in AAOG from riverfort?

Now, wouldn't that be a story if it turns out to be AAOG who have made an approach!!

[1347] 07/1/2022 10:58

JT Quite amusing really, we have several on here and in Kansas, some with delusions, some with multiple personnas and some with wierd fetishes, a Psychiatrist could write a book on it.

[3put] 07/1/2022 10:58

The Hedge on gas production/sale of gas, is fixed for 36 months. a member on LSE chat board has stated that even if the loan is paid of early, The Hedge remains in place for the remainder of 36 months. Is this true? Asked on 20 December 2021
Yes, the hedge is for a fixed term on a declining balance which roughly aims to decline wiith the scheduled loan repayments. It would be very likely (asusuming we succeed in obtaining target production from the side track, itself 100% unhedged, and representing windfall gains at present forward gas prices) that the loan would repay earlier, but the hedge would be fixed on that scheduled loan amortisation profile.

However it would be open to the company to break or reset the hedge once the loan was repaid – although this would incur a normal mark to market charge – allowing for more dynamic hedging – i.e. picking particular moments to reset the hedge. The amount of hedged production after, say, two years would be less than c 25% of total production (including production from the sidetrack).

[ja51oiler] 07/1/2022 10:56

Not sure about that JT. Lots of historical ties between Mr. M and JTP. Don't know the actual relationship but it seems pretty close.

In other news the site notice has now been displayed for that planning permission the "MORON" seems to think is not required. The public has until the 28th of Jan to make comments!

[solo4yous] 07/1/2022 10:55

Let's see what offer is for Saltfleeby

[solo4yous] 07/1/2022 10:54

Zzzzmarket cap huge

[jtidsbadly] 07/1/2022 10:53

By the way, have you seen that cuds has invented another ID on the other site? He’s now NigerianPrince with 11 million shares. Does that ring any bells?

[jtidsbadly] 07/1/2022 10:51

JA51: as I understand it, most of Knowe’s assets are in property and its principals are in their 80s. Which do you think will do better - Anguish shares or a portfolio of decent properties? Which will give you less heartache? Knowe would have to make an outright bid for the rest in any case if they got more than 30%. There’s no market for the convertible and Anguish hasn’t got a spare million. I think Knowe is probably an interested but disillusioned bystander, just like most others involved with Anguish.

[solo4yous] 07/1/2022 10:44

WellBlu has gone up 350% on buyersUFO did 900% on updated assetEUA placing after placing bagged galorCHLL bagged 19x on potentialIt's all a case of sentiment..2p is only 2.5 bags from lows

[ja51oiler] 07/1/2022 10:43

Ok...Im just a mug punter so.

What/is there anything stopping them from issuing those shares to a single entity that could then hold more than 30% of the company? Or just 20% worth and they were to buy the Knowe CLN convertible at 0.65p presumably currently? or knowe themselves come to that and take control that way?

[jtidsbadly] 07/1/2022 10:35

HITS: I think the implications of yesterday’s RNS are that no amount of puffs and placings is going to raise them enough money. The RNS implies to me that their going concern status is under review now. Look at all the money they must have been spending, and not just at the way-over-budget, way-over-schedule Poundland. They had next to no cash left in March. The December placing raised just £600,000 or so net and fell short of their target. That’s probably enough for salaries over the intervening period. No news on the Joule-Thomson valve, either. There must be quite a lot of demand for those from well-financed gas companies, what? There’s two sides to a commodity price explosion.

[solo4yous] 07/1/2022 10:33

Massive value play here

[1347] 07/1/2022 10:26

JA Think I've posted this before but yes they can issue and allot shares now up to the remaining limit they have in place (latest authority minus shares issued since then). Never know, there could even be a placing today, or early next week, watch this space as they say.

Assuming the resolutions pass at the forthcoming (E)GM they can then issue shares using the new authority, which I fully expect them to do before the end of March, otherwise they could simply have waited until the AGM for the authority.

They can then request new authorities at the next AGM, which I expect they will do. If they use those up they can simply call yet another GM to request further authority. Rinse and repeat.

Remember that as well as destroying shareholder value for anyone that's held for longer than a few days Lucan has already diluted shareholders by a huge amount, still has some ground to make up on ShareCoin Sanderson but he's working at it.

[headinthesand] 07/1/2022 10:24

JA51, I think I am right in saying (but check the text) that the new authority sought is a replacement authority, not an additional one.

I believe you are correct in saying they have the authority currently to issue c. 300 million now. I believe they're seeking a replacement authority to issue up to c 874 million shares.

It would be feasible (though frankly staggeringly unlikely and immensely damaging) for ANGS to get this replacement authority passed in a week's time (which is bound to be the case), to then issue a goodly chunk under that replacement authority prior to the AGM and then to look to replace that replacement authority with an even larger one (or add to it) via a new resolution tabled at the AGM in 10 weeks' time.

However, that would be utter lunacy on the part of George and cronies, so it's not going to happen. That would be just too bizarre - even for ANGS.