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£20-£30 million market cap ….
Isn’t that where UKOG is with an SP of 0.1p? ??
Ocelot unfortunately UKOG RBD EDR. Having got the same story unfolding like Angus Energy and many are making a common error to tar it with same brush.
FAR COPL HZM all bucked that trend.
Angus has complete funding and above debt covenant levels as we head into a story that after 5 years could alleviate Yanis pain when we are £20-30m market cap.
When, depends on progress.
Lord Lucan has my full support
EchDelta,
Personally, very relaxed, believe we are participating in the creation of significant value, in the short term and over the longer term.
Lord Lucan has wealth more than you can dream of.
It maybe be illiquid assets but he isn't a desperate man.
A Peer in the House Of Lords and great network reach.
Aleph is a middle Eastern based entity and Lucans knowledge of Arab had probably strengthened his relationship with High Net Worth investors.
Unfortunately timings have been badly communicated as he has learnt as a non engineer things take considerably longer than in financial world.
Ocelot,
Maybe I am fanning the flames of discontent, but it was obvious a shortfall in cash was occurring after First Gas delay. Glad placing wasn't massive not with warrants either.
Haters can fookoff.
Fat fingers … and I am not on vintage champagne … just some cheap rouge.
Ocelot are you ignoring the £5.2 mil raised since SFB acquisition was announced and the £2.5 milk given to them to get 1st gas on line? And the £5.2 mil raised just before SFB acquisition was announced? The £12 mil funding?
They had plenty of money to see this through … but for shear incompetence we are were we are with the last unnecessary placing.
As I said earlier, GL is probably sipping champagne whilst we are debating this on Saturday night … thanks to placings ga;ore. This last onen ensured vintage champagne continues.
Yanis
Your judgement is poor as ever
If you're earning lower than Lucan then your overstretched here and hurting
That's you sweating every 0.05p drop.
Time to evaluate your loading here?
I hold vastly more stock than you... And you need to consider your outlook.
If you don't have belief in an investment then your thesis is dead and buried.
I believe Lucan can pull this off and Haters can fookoff when the time comes.
Yanis
Get realistic
Angus has £2.5m roughly of annual costs.
They are not a revenue generator
So over 2 years that's £5m on salaries and keep lights on.
Please do make up your mind
Either trust in your investment decision or make a decision that you could live with
Forget 1p by Xmas or 4p
The delay had cost us all and the Management.
This is a highly regulated UK operating environment and Angus have fallen foul in the past.
We await EA permit
If they get it we may swoop well past 0.65p and stay above there.
Try and stay rational. Yes 200% dilution but you have had the opportunity to lower your average and your pain I feel.
But don't put in more than you can afford to lose.
Berenberg with their dirty 0.25-0.40p bids in market here has been truly disgusting and those fukas here and Advfnnnn injected fear saying they couldn't get a placing done, and if they did it would be 0.40p and also if they did it would be humungous these are the barstwewards scaring punters
Not me.
I'm supportive of Lucan and I suggest you review your goals.
I'll see 4p soon enough.
EchDelta, if you earned near enough what GL is on you would not be here posting on Saturday evening … not to even think about earning more!
We are in agreement, EchDelta.
£12m debt facility in place, £750k of equity raised, aiming for 1st gas by the end of February, Lidsey looking pretty promising, 5 potential sites lined up for geothermal, the future has never looked brighter during my involvement with the company, as far as I am concerned.
Ocelot, £750k is either here not there … but if it wasn’t for this miserable placing (AND JUST BEFORE CHRISTMAS AND NEW YEAR) the SP would have been well over 1p by now..
There is no excuse in getting it this wrong. And now, there is no guarantee that we will see 1st gas in Q1. Period.
To me this is a big issue. I saw the float increase bymore than 200% since my high double digit SP purchases.
It simply isn’t good enough because we are still awaiting for Angus to deliver something … and not a bean yet.
Again Yanis Lucans £120k isnt that great
Feck sake I earn more than he does by some margin!
Ocelot
For the record I added at 0.78p with no regrets
I have full confidence in Lord Lucan and the fact it's a modest equity raise is fair enough. No warrants attached and slightly higher than last year's 0.60p and a large discount to our recent 1p. Brokers fees of around 4-8m shares already sold on market in my opinion. No more UT games or rubbish like afternoon selling pressure.
A few have already privately said to me they'll be buying in size over the coming week or two once price discovery settles.
Big news ahead, permit could be positively granted if Angus can spend the money and satisfy regulatory requirements for safety and environment.
Haters can fookoff
EchDelta, hoe is your friend SS over at ukog? Are you still best buddies?
Yanis,
For myself, £750k is neither here nor there in the grand scheme of things, because Saltfleetby is valued on a different plane from this (and Lidsey appears to be progressing most encouragingly, too).
GL and ANGS management have my confidence, if they consider it is the appropriate time to raise £750k then I accept their decision.
I'm absolutely gobsmacked some didn't see the need to inject equity for Business Operations.
We knew the strict spending for Saltfleeby.
As soon as we knew the delay the 1p level diminished.
Now the placing was TRIPPLE last December's and Lucans salary I hate to inform you is less than I get paid and I don't run a AIM £8m company.
So he is PAID REMARKABLY LOW for an AIM listed Onshore Gas Project just about to come online.
When he does hit first Gas with decent flow... Expect him to be congratulated by the haters here.
I have every reason to believe the EA permit queries were genuine contributions to increased cost profiles.
Try being involved in £250m projects to £2bn projects like I have even with big pockets the budgets can easily be underestimated.
Many haters here are simply lacking in wide lens views.
Placings are fact of life here
I will be buying that's certain.
That’s right ED Aka Cuddinthesnow .
Tell everyone to especially ignore the people who caught you committing blatant market abuse and reporting you.
I didn’t bother when you pushed l this weeks heard a whisper con as there is little point as you have so many identities already and LSE seem not to care!
Ocelot, Friday’s placing is completely unwarranted. Is a result of delays caused by incompetence. Well … just incompetence!
We all been banging on about the high price of gas … you more than anybody else. You more than anybody else know how I operate, you saw me leave Alba and never post again.
At today’s gas prices how long is it going to take to net £800k? Yes, not a lot. So why the placing?
Answer: because they don’t have a clue when 1st gas is going to appear … it definitely is not end of February … do you want a bet on this?
Are the placings being used to generate oil or pay wages?
Yanis,
You complain about placings galore, but you have been accumulating stock in order to reduce your average buy-in price.
What is it about Friday's placing that marks it out for you from previous placings?
Median salary of £325k for CEO’s that deliver value.
GL inherited Angus with an SP of 14p … and we are where now?
All we had since GL arrived is placings galore.
Page 27 of annual report:
GL's salary: 2020: £120k; 2019: £82k.
BDO's AIM Directors' Remuneration Report 2021:
median salary for CEOs: £325k.
Whilst we are debating, Lucan is probably drinking champagne, toasting us.
Salary doubled … nothing delivered but a Christmas placing … to pay for the champagne.
Says the subtle twatter negative poster
Lmfao
Hypocritical moron
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