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Could be directors, but in all honesty could be quite a few possibilities
It looks as though it’s taken the market makers almost all day to get those 10 million shares together has been held at .5 considering yesterday they were paying .6 and above
Directors?
SeemsLukeWarm
My memory was slightly out. The first issue of equity was at 0.66p. The question is, will Aleph who hold the 300 million warrants would consider the £20 million loan deal they arranged as being inside or out of the “issued during the term of the Bridge Facility”… My guess is they will consider it part of the deal and the warrants are Exercisable @0.40P. I hope this satisfies your honourable character question?
Financing, Corporate Update, Issue of Equity & TVR
21 July 2023
The Bridge Facility is priced at SONIA (Sterling Overnight Index Average) + 15% . The Company will also issue 300 million 3 year warrants to ACL (or associates or parties nominated by ACL) at a strike of 1.5p per share, for which authority will be sought at the next general meeting of the Company. The warrant strike price will adjust to the price of any equity issued during the term of the Bridge Facility if such equity issuance is at a price which is lower than the Warrant strike price. The Company is not planning any issuance ahead of a refinancing.
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Equitisation of £3m Junior Bridge Facility
28 Sep 2023 10:23
· The Company's 12.5% shareholder, Kemexon Ltd ("Kemexon"), has agreed to convert its £3m Junior Bridge Facility, together with interest and fees, into equity in the Company at a price of 0.66 pence per share. Kemexon has also committed to a one year lock-up of those shares.
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Results of General Meeting, Issue of Equity & TVR
30 Oct 2023 15:51
Angus Energy (AIM: ANGS) is pleased to announce that at the Company's General Meeting held earlier today all resolutions were passed. Accordingly, and as previously announced on 28 September 2023, Angus will now issue 516,033,308 shares at 0.66 pence per share to Kemexon Ltd (the "Kemexon Shares").
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Issuance of Fee Shares and TVR
6 Mar 2024 07:00
“Aleph Commodities Ltd received a fee for structuring and assistance in securing the Trafigura £20 million Loan Facility of £750,000, to be satisfied by the issue of 187,500,000 new Ordinary Shares at 0.40 pence per share”
Dec 24: 100.6p
Feb 25: 100.25p
https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600725
Probably BV averaging down and PF now selling into it!
You might be right One to many !
Question how do you get access to the buying insight you give please? As you seem to be ahead of the normal LSE updates.
Barney I don’t believe it’s related to any specific news. It’s simply the beginning of the grossly overdue rerating. There is much further to go in the coming sessions.
I personally think it is going to be directors buys, as there are some chunky ones.
Could be ! I do believe some news is about to come out
A little news about storage
Some nice buys going through now !
Same old , same old .
Come on GUS!
SeemsLuke Warm
I’m late for an appointment so won’t be able to dig out the exact wording until later. If yo check out the 2 RNS,s relating to the Bridge loans the details are in there. The price dropped for the 300million warrants to the price the fthat they issued new equity. It s either 0.61p from memory or 0.4p depending on how you interpret the latest £20million loan and if the 0.4p figure actually counts.
One thing to note was not many sellers were around! Hence the need to raise the price, looks that way today so hopefully we turn soon.
An alternative explanation is that the usual suspects deployed the boiler room and off it went on buying by gullible mugs. I dare say we’ll find out very soon whether this is the correct interpretation of yesterday’s price movement.
Thanks Ocelot, you are right, price moves need demand and hopefully the action yesterday puts ants on the map again.
Presumably the buyer was in a hurry to pick up the line of stock.
Yesterday's price action showed that a good number of investors consider Angus to be oversold and undervalued, as you wrote, Gordonbennett1.
In liquid wholesale markets I have seen a huge order move prices 5 to 10% many, many times, then falls back to where it was.
How market-makers afford new cars is big vlume...
Very odd. I can’t recall ever seeing that before where trades are placed in the open market at a huge premium. Of course we see illiquidity push prices up to fill orders but the sp usually meets the price! A huge difference between paying .5 and .64 at the time of trading.
Gordon yesterday's run up was the liquidity cost of someone(s) buying maybe 40 million shares. Same thing happened on the refinancing news, someone bought +20 million shares and it went 0.45 to order filled at 0.60. Needs further buying or we will drift lower, as so far today.
Be thankful no one is dumping 10m blocks of shares!
Incidentally, at what price did you establish the 300 million warrants available can be sold at WG818?
Its always useful when pointing out negagtive or positive attributes if doing research then posting on the facts to post links to the source material so statements can be easliy validated. Were all responsible for our own research but if someone has been digging and unearthed material worthy of pointing out it makes much more sense to include the material and present the whole picuture and certainly gives boost to the honarouble character of the poster.
Cheers - ALW
So th had buyers paying a huge premium yesterday and now they are pricing it at .4-.45… don’t get that personally, unless they are filling a monster order
"Large buyers willing to pay over the odds?"
Maybe.....but more likely imo just rumours and small punters buying. Anyhoo, in a few mins we arrived at 0900 and maybe an RNS?