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Yeah yeah,, good Cinder's, I won't lose any sleep about you putting blinkers on your own screen
All the best though !! not difficult to rise above it, is it !!
Hans Christian "1.5p minimum by end of March 2024" Andersen is back, I see.
Ocelot I think £100m valuation is a fair starting point and the board are confident it will reach there and beyond. Just needs patience now, it’s a rock solid investment.
Oofy
My comparison was very much tongue in cheek, as I assume your last paragraph is?
After all the recently departed chairman wasn’t in any way involved when as head of NMC audit committee the poo hit the fan was he? And the other recently departed “Lord Melton Mowbray*” didn’t come from 20 years in finance before joining Angus with zero oil and gas experience? And the founder of the company Johnathon Tidswell Pretorias who bought Lord Lucan* didn’t also have to resign after his share dealing scandal with the Polish 21 year old from America2030? Isn’t mr Zielicki an expert in such matters also? Not to worry I’m sure mr Forrest will keep an eye on them….hold on a minute, wasn’t handed Saltfleetby Energy on a plate and given £12.8 million, despite being a one man entity with just £80 odd grand in the bank?… and isn’t he an accountant?…….no your right no hedge contracts here either….they aren’t keen on sharing details of the new ones are they? And the issued a completely bogus RNS regarding a payment on the last lot. Yes by insiders I’m guessing you are referring to Aleph (who are paid as advisors and a director is allowed to sit in on meetings) haven’t they made a fortune from arranging all those deals?….apart from the original £12 million one that GL assured in an interview they didn’t need despite having been in talks “with a well known bank” months earlier…..that cost them £300k as they were taken to court over unpaid fees as I recall.
Yes they do things differently in the US, but isn’t that where Alephs ultimate holder originates?
WG818: that’s an interesting comparison. I remember the collapse of Enron. A CNN report commented later that:
“An independent review published in 2002 detailed how executives pocketed millions of dollars from complex, off-the-books partnerships while reporting inflated profits to shareholders”.
They did this partly though very dodgy hedge contracts and other deals, which allowed them to inflate their profits for a number of years, until it all became unsupportable. Fortunately, it really would be fanciful to suggest that there are any parallels with Angus. For one thing, the financial advice enabling something like this to develop would not be available to Angus. They’d have to have insiders who really understood corporate finance and accounting. In any case, that was the US. They do things differently there.
I’m guessing Enron, Oofy.
Octane: debt of £20mm., a depleted asset which gets more depleted every month without millions more invested in it, royalties, hedge contracts and offtake agreements the terms of which have not been revealed, apparent concert parties with 42% of the equity. Zero chance of a dividend. Further share issues to come just to keep existing assets going. Auditors’ reservations over going concern status. Massive share and warrant overhangs at above current prices. Have I missed anything? Are we comparing like with like? Which US companies is Mr. Zielicki comparing Angus with?
1.16 vs 5 in the USA partially reflects the immense difficulties all energy extraction faces today in the UK from excessive regulations. After all, the genius PM May signed us up to net zero, an economic death sentence for most industries.
Even under Joe Biden, it is far, far easier to get an energy project up in running in a Republican run state.
That’s all right then, Ocelot, if Krzys Zielicki said so. I’d prefer to listen to Lord Lucan. Which is saying something.
That is, £19.76m (with the share at 0.45p) = 1.16 x £17.002m (22/23 EBITDA)
During the webinar, Krzys Zielicki referred to a market cap: EBITDA ratio in the US of 5x.
Cinder's
It is YOU who is crying about it, Personally makes no difference to me as I am not holding.
I suggest you grow up and stop looking at others for your reasons for being under water.
As for posting, I WILL post as and when I please, thanks.
Cynderlad: I don’t want to read this kind of abuse on here. Filtered.
Hand bags time for Bubblepoint. He needs capital letters to make him feel BIG, maybe an issue in the downstairs department, or maybe just a few biscuits short of a full barrel. (see it's easy to insult). LOL.
You didn't answer the short CFD bet question sunshine. So what's the answer...
Cynderlad,
What conspiracy lol... as for him selling instead of buying, well he hardly held much to start with, so it really wouldn't do much.
Negative slant ?? I SAID it was better than NOTHING, but hardly worth the RNS paper it was written on.
As for what & when I post, I don't take advice from other posters, I post as I SEE it thanks, unless you are the LSE police ?
Bubblepoint, you make many many valid points. However you have put a very negative slant on the director share purchase RNS. It's a positive that a RH has bought some more, even in small volumes. It beats the alternate, him selling. Maybe you are right and he is trying to push the SP to help him sell a larger volume. But frankly, you are scaremongering on this one and you should really keep your conspiracy theory to yourself. You're acting like you have a short CFD bet running.
Well Clive, it might ALSO be the last chance to dump some and gain from the little rally it HAD lol,,, swings both ways....
I know one thing is certain, when you get such unfounded rises, it almost always pays off to drop into it and then sit and wait.
You've no idea. That was yesterday. It might (or might not) have been his last chance to buy some.
Ohhh and the fact Herbert is buying also means they are NOT in any form of closed period, meaning not much going on at this time....
Options Award
The Company has granted 30 million share options under the Company's existing Employee Incentive Schemes (the "Options") to employees of the Company.
The share options to be granted were proposed by the remuneration committee and approved by the Board. This reflects the management's efforts in achieving successful operations at the Company's wholly-owned Saltfleetby Field.
The share options have an exercise price of 0.67 pence per share (being a premium of 36% to the closing price on 18 January 2024) (the "Exercise Price") and vest as to 100 per cent., upon the closing mid-market price of the Ordinary Shares being 0.67 pence per share or above (being 36 per cent. above the Exercise Price). The options have a 10 year term from the date of issue.
Give me a shout when you see a REAL director buy, you know, £100k ++ worth, then you know they are more serious about the outlook, 5 mill shares in an Olympic swimming pool of 4.4 BILLION in issue is barely a gesture. better than nowt, but hardly worth the RNS, plenty of Pi with more than that.
A few more 5 million buys and this should go up a little further.
Always great to see directors investing in their own company .
You beat me to it O
GL SR
The Company has been informed that Richard Herbert, Chief Executive Officer, on 16 April 2024 bought 5,000,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 0.5 pence per Ordinary Share.
Richard Herbert's total shareholding in the Company is therefore 8,300,000 Ordinary Shares representing 0.02 per cent. of the Company's issued share capital.
Neo geo wrote his subject heading in block capitals
So it must be true . . .