Angus Energy Share Discussion Threads

[1347] 26/5/2022 20:43

JT In answer to your question, the NOMADS no, the Company Brokers yes (sometimes they are one and the same though). Popcorn anyone?

[jtidsbadly] 26/5/2022 20:23

Wolf: whom do you expect to mulct in damages etc. when your recourse to law matures? The company is likely to have gone, the Directors will be hard to extract money from. I doubt their liability insurance will cover the kind of thing you’ll be alleging, what? Reputations may be ruined but people don’t seem to worry about that these days. Look at the other Earl (sadly, according to Companies House, this is now his only directorship). Notoriety is an acceptable alternative. As long as people keep talking about you..

[shareprofessor] 26/5/2022 20:20

This forum is now infested with duplicitous derogatory oddities and page after page of filtered contributions. One will be back at first gas when unsurprisingly they will be gone.

[jtidsbadly] 26/5/2022 20:04

Wolf: I think Michael is going to struggle to get his 2.4p, sadly. It never looked likely, did it?

HITS: if I’m right and Aleph decline to participate in the second placing, Anguish will need permission to issue these tons more shares, since the issue price they will be expecting will be much lower than the current price. More shares issued for less money. Then there’s the likely Knowe conversion shares. The market will not be under-supplied with Anguish shares henceforward, what?

[wolfofthewoods] 26/5/2022 19:53

It is everything. Im obviously not going to divulge everything, but the focus will be on how shareholders were destined for failure.

The very juicy bits which people may be unaware of will be shared in due course. I think majority of people will know despite my sense of humour, I tend to be less of all mouth and no trousers as I have told people many times about my wonderful pants.

There is still a little work to be done, but you have a genuine chance of winning some of your cash back. Whether insurers will make an offer is up to them...

So if anyone is reading and feels aggrieved you can be part of the rebel alliance and actually fight back, or you can do nothing, write cash off and let these people run amok like they have done for a number of years.

For those that will think this is a keyboard warrior, well everything I warned came true once I realised the rns werent quite as expected. In fact I have been quite accurate since then. But the time is now.

[jtidsbadly] 26/5/2022 19:50

1347: as you know, my opinion on the Aleph placing is that it’s in their and Anguish's interests to keep the ball rolling as long and as far as possible. I think Aleph have forward sold their £3mm. placing shares and it was therefore, in effect, a placing with small cap investors. As for the 15 June EGM, that’s three weeks away and by then they’ll know whether the plant will be up and running in time. Aleph will be able to pull the second placing if they can’t see a way of offloading it, won’t they? The mug punters seem unable to work any of these things out. The conversation on the other site is nearing the surreal.

We’ve seen no update since Monday and if they haven’t started off the whole commissioning cycle by 1 June, I think there’s little prospect of gas sales before July. Next Tuesday’s answer to the sidetrack question (the first one) is crucial. If they fudge it, investors need to run for the hills. I expect lots of selling from tomorrow but the usual suspects may find a way of propping it up until the EGM. Do the NoMads etc. have discretionary asset management departments, where they can shove a few tens of millions of these for a while? They know how to make up any losses suffered in this way in short order, what?

[3put] 26/5/2022 19:22

hxxps://www.investormeetcompany.com/investor/meeting/introduction-to-cleantech-lithium

[3put] 26/5/2022 19:21

CTL is worth a look, seller out is the word on the street

[3put] 26/5/2022 19:17

Seriously? Slagging off some Lincolnshire town is now considered by some as relevant discussion on ANGS?

- I have no idea what anyone is on about, lol

[jtidsbadly] 26/5/2022 18:50

1347: if Anguish can’t drill the sidetrack while the plant is operating, they’ll be producing no gas while having to meet the hedge contract payments. Do you think shareholders will keep stumping up for placings every month to pay the hedge commitments until the sidetrack has been completed? The law of diminishing returns will apply as the share price falls. It could get rather difficult. If the sidetrack is drilled and fails, it’s likely to be the end of the road, surely? The must be very keen to keep the price as high as possible.

[bobaxe1] 26/5/2022 18:16

Nothing to knock with all those lovely site pictures coming through every week so desperately spouting placing, seen it all before

[jtidsbadly] 26/5/2022 17:55

Yes, HITS. Will Anguish shareholders keep buying on dips, averaging down, reducing their average, topping up etc. in the placings that appear to be on the cards here now? Some of them will definitely be reluctant to let go. They’re all going to howl though. I think the first of a number of last-ditch new IDs that we can expect to see has arrived on the other site. There’s no support above about 0.80p on the chart but I doubt that will hold for long. Ocelot is really struggling at the moment.

[headinthesand] 26/5/2022 17:40

JTids, it is almost impossible (and especially after the placings earlier this year) to understand:-

a) why George even begins to need that £6 million more from Aleph in the first place

and

b) why George is seeking such a large additional new authority

..both when Saltfleetby is literally days away from pumping out so many pound notes (allegedly, and according to his Pinocchio-ship).

Something's apparently even more rotten than usual in the state of Angus...

This is getting even more Sanderson-esque, As I've said before, it's bad enough counting chickens before they've hatched (one of our George's and also Stevie's favourite pastimes). But it's even worse when those non-existent chickens come home to roost.

[ja51oiler] 26/5/2022 17:37

HITS

It's pretty likely that Knowe will exercise that CLN come July the 18th.They look like small fry now and won't hold much sway any longer.

What will they be able to convert them at though

0.65p
.90p
1.08p

That's a lot more shares to add whatever it is!

[jtidsbadly] 26/5/2022 17:35

Yes, HITS, correct. But it could be that Poundland is going to be so late in any case that he’s softening up his shareholders for a placing, or more than one, to meet the shortfall on the hedge contracts. And with all the equipment (apart from the gas engine generators?) delivered, some very expensive bits quite recently, there may be a pile of unpaid invoices on Carlos’s desk, what?

If they can’t drill a sidetrack while piping oil, they’ve had it really, haven’t they? I wonder if he’ll need to fudge his answer or ignore the question, and answer the new question on the sidetrack instead. It looks like a plant, doesn’t it?

[headinthesand] 26/5/2022 17:11

RNS on a new authority being sought... and it's surprisingly large for a company literally on the very cusp of huge revenue generation....

(allegedly).

Oh and the share price ended down a further 2.78% at 1.05.

[headinthesand] 26/5/2022 17:11

Well, an after hours RNS.

Not all of it unexpected, though I hadn't realised that his Pinocchio-ship had run out of existing authority before issuing the warrants attached to the first £3 million placing with Aleph.

So that's why Georgie urgently needs an authority to be able to issue 446 million new shares. 273 million to Aleph to raise the 2nd £3 million, plus a further 173 million to cover the warrants attached to both swathes.

...but then he wants further authority to issue up to another 682.5 million shares and here's why:-

"This will give the Directors flexibility to allot further Ordinary Shares in the future (whether to maintain covenants of the Saltfleetby Debt Facility or in the context of the prospective Saltfleetby Equipment Procurement or more generally) should they consider it to be in the best interests of the Company to do so."

George seems to be forecasting difficulties with both maintaining the positive cash balance required as a hard condition of the £12 million loan and with yet more costs needing to be spent on Saltfleetby?

Honestly, one would have thought that the £6 million he's in process of getting from Aleph would have been more than enough, no? I mean, he's (allegedly) paying the cash element of the SEL acquisition out of gas revenues...

...so why would he need more than that £6 million? After all, he's continually assured anyone prepared to listen that Saltfeetby is on the very brink of providing transformative levels of revenue. (In fact I'm sure I can vaguely remember him confidently forecasting revenues of £7.2 million out of Saltfleetby next month only 11 weeks ago...).

Of course, unless he knows something about likely revenue delivery from Saltfleetby that we don't yet? I wonder...

That answer as to whether the sidetrack can be attempted without production having to be suspended looks more and more important to hear.

[jtidsbadly] 26/5/2022 16:51

...is a new CPR due, do you think? HITS will be putting this into his spreadsheet. The optimists won’t like it when he shares the result, what?

[jtidsbadly] 26/5/2022 16:47

JA51: well, the Interim MD got very lucky with the gas price! I hope Yanis has already sold his whole holding. It will need a piece of very good news to get this share price higher tomorrow. They’ll be howling like banshees on the other site!

[ja51oiler] 26/5/2022 16:38

It doesn't look like they are exempt JT

Introduction

On 26 May 2022 the Chancellor announced a new tax on the profits of oil and gas companies operating in the UK and the UK Continental Shelf . It will increase the headline rate of tax on those profits from 40% to 65%. The new levy will have built in a generous allowance which will reward those companies who invest in oil and gas production.