Angus Energy Share Discussion Threads

[jtidsbadly] 08/6/2022 18:02

Jonny: well no, if you remember, we established that what I write as ”negative supposition” habitually becomes the subject of the next Anguish RNS.

[headinthesand] 08/6/2022 17:33

3Put, you must be being deliberately disingenuous here, because you're not that thick. There is a very clear and very marked difference between Saltfleetby and ANGS.

Saltfleetby has an innate and inherent raw value as a gas asset. It's been mortgaged by ANGS who now need it to deliver substantial revenue and fast in order to meet their already committed to liabilities directly related to the gas field.

If ANGS did go pop, the raw value of the Saltfleetby asset would obviously not change in the least.

If there is a further delay in production past July 1st, it'll cost ANGS about £34k per calendar day in terms of what they owe to Mercuria on the July 22 hedge.

[jtidsbadly] 08/6/2022 17:26

If Aleph takes up another £3mm shares next week, with the intention of selling all or part of them in the market, it’s possible they may find themselves in competition with Knowe, who can convert their loan into shares from 17 July. Why would they want to put themselves in this position? It’s a potentially expensive way of protecting their loan position from the otherwise-possible event of a bankruptcy, isn’t it? There could be quite a supply of shares the week after next - 11 days before 1 July. It would be unfortunate if this coincided with the announcement of a further four weeks delay in the start of gas production. If a further delay develops, none of the options open to the management or the large shareholders/potential shareholders looks very attractive, does it? Will Aleph really take up next Monday’s placing?

[jtidsbadly] 08/6/2022 17:14

3Put: with respect, it appears that you don’t understand these issues any better than the majority on the other site. Poundland can’t go bust if it doesn’t start up within a given period of time. Anguish can. Anguish and Poundland are not synonymous terms.

[3put] 08/6/2022 17:12

JT: I get the feeling premium bonds might be a bit risky for you and HITS. Clearly if Angs mess it up then the shareprice will fall. Risk v reward , 100m over 3 years or more dilution.

[3put] 08/6/2022 17:10

JT: I understand that is the argument for Saltfleetby. Saltfleetby is our asset therefore its not a massive stretch to use it as the argument for Angs.


'BV, the asset itself is worth plenty. It's generally accepted that there is a substantial amount of gas in Saltfleetby, which is worth a whole lot more than it used to be (and certainly many many times more than £12 million)'




--Hits outlines the case for investment on lse

[3put] 08/6/2022 17:08

Tsk tsk 3Put. Selective copying... not clever and very obvious.

HITS: They are your words. It was supposed to be obvious and highlights the investment case.

[headinthesand] 08/6/2022 16:06

Tsk tsk 3Put. Selective copying... not clever and very obvious. Here's the full post, including the parts you were careful to leave out:-

"BV, the asset itself is worth plenty. It's generally accepted that there is a substantial amount of gas in Saltfleetby, which is worth a whole lot more than it used to be (and certainly many many times more than £12 million). This was put up as surety against the £12 million loan, so there's no risk there to the lenders.

Mercuria as you know are both the senior lending partner and the party exclusively on the other side of the hedge. So I'd say what they're owed on both elements is easily covered by the raw value of the field.

The issue has never been about the raw value of Saltfleetby as an asset - it's solely been about whether that asset will deliver sufficiently and in time for ANGS to cover off the liabilities it has taken out against the field."

[jtidsbadly] 08/6/2022 15:54

3Put: that's the argument for Poundland, not for Anguish. Anguish has to make Poundland produce lots of cash from next month, every month for 36 months, or Poundland will be owned by the Lenders - who will not be lumbered with massive interest charges or forward sales contracts at very low prices. On the other site hardly anyone seems capable of grasping this.

[3put] 08/6/2022 15:37

BV, the asset itself is worth plenty. It's generally accepted that there is a substantial amount of gas in Saltfleetby, which is worth a whole lot more than it used to be (and certainly many many times more than £12 million)


--Hits outlines the case for investment on lse

[3put] 08/6/2022 15:06

Who is Jonny?

[jtidsbadly] 08/6/2022 15:05

Well, Jonny, by the same token you accept that my negative supposition becomes the text of the next Anguish RNS. Well done, you’re learning.

[3put] 08/6/2022 15:00

Drone footage coming this week

[jtidsbadly] 08/6/2022 14:42

You are filtered, Jonny, and by all right-thinking contributors here, I should think, other than those who really like a laugh. I occasionally open one of your repetitive rude posts to see if the medicine has taken effect yet but it hasn’t, on the evidence of this one.

But I repeat, today’s negative supposition always provides the text of Anguish’s subsequent RNS’s. Watch and learn.

[jtidsbadly] 08/6/2022 14:12

But Jonny, it’s negative supposition today, but tomorrow - RNS. What?

[sincero1] 08/6/2022 14:07

negative supposition in every single post ..... all from non shareholders too ... bellends.....

[headinthesand] 08/6/2022 13:25

3Put, am I tempted to get back in? Not even for one nanosecond.

We're now at the sharp end with a couple of very important drop-dead dates looming. There is no wiggle room left for ANGS to rely upon. As track record abundantly evidences, I personally do not trust ANGS one teensy bit to be able to deliver either first gas or full production on time, or a successful sidetrack at all.

It's a totally digital red/black situation and I reckon the odds are very firmly on the black side. But hey you never know - maybe George will prove me wrong on all the fronts he so crucially needs to.

To me and as I stated above, it's Paul Forrest who cut the sweetheart deal here by utterly derisking FESL in a "heads I win, tails I still win" way. Much as Mercuria did with the hedge and the lenders did with the usurious loan (at c. 12.5%, with that 8% revenue over-ride and secured on title to the field).

George really doesn't seem to be much of a negotiator, does he?.

[jtidsbadly] 08/6/2022 13:14

1347: Yes, quite. They don’t want a negative vote at the EGM - or to have to organise an inquorate meeting, what? Best avoided. If I were Aleph, though, I wouldn’t fancy taking another £3mm. of these at anywhere near the placing price, would you? Not so close to July and full production/sidetrack drilling. I wonder if they’ll ever give a straight answer to that sidetrack question? Not until they have to, I suppose.

[1347] 08/6/2022 12:48

JT I think they are trying to keep the price above the placing price, shouldn't be like that of course but often is.

[3put] 08/6/2022 12:45

HITS: are you tempted to get back in?

[jtidsbadly] 08/6/2022 12:20

I see that Angus’s suitor, or long-term data room squatter, Sound Energy, unable to find any prospect of cash flow from Anguish, has had a £4mm. placing, upon which the shares have promptly fallen by 17%, to the issue price.

A nice support operation has begun in Anguish itself meanwhile. Aleph and the Lenders must be out, for now.