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Yanis. I do apologise, I didn't realise the BOD have done a better job than I thought. Does any premier clubs out there want a manager to guarantee relegation to the conference league in 5 years, If so please contact Angus Energy plc.
bv - Yes, it's standard practice for many companies on AIM, the directors issue options at lower and lower prices so they hardly ever lose out no matter what happens, and of course they get paid along the way. The term 'life style company' is indeed very apt.
SirBob - Yes many of us have hung around hoping some rabbit or other would get pulled out of a hat one day, not sure there is a rabbit though, or even a hat. I expected after the charge of the lightweight brigade it would get worse but hoped otherwise. I hung on as I didn't expect Brockham to be the disaster it was, that was clearly an error. Clanwillam was another red flag I didn't really pick up on until too late and I became aware of NMC and the mhistory. Lucan's had plenty of time to turn things around but as totally failed to do so, indeed it's worse than even I thought it could be. Need better regulation of AIM companies and directors that is crystal clear.
Regards to the barrow boys etc. The SP was 4p when GL took over his so called Tenue with a proper BOD, since then the SP has plummeted to all time lows. How the BOD dare to ask for options at 1.5p is the most arrogant thing iv'e ever seen. I suggest GL prove the 4p value of Saltfleetby and get options at 4p where he started. Doing this would give him resect, and he would gain financially after Lidsey and the Geothermal projects are proved. He obviously reads the poster comments after mentioning the frustration of shareholders to malcy. So George if your reading this, prove us all wrong and show your moral side. P.S. If you was a football manager you would be long gone by now.
"Regarding sacking fat cats on the BOD, who would you suggest."
All of them. I've long said that the only hope for this company, if the assets do have any actual value, is for the company to be taken over and to kick the encumbents into touch. I was never in favour of the coup and it has, as I expected, proven to be an absolute disaster for shareholders (but a nice little earner for those on the payroll and for City barrow boys in placings and convertible loans etc.).
JTP has to go - he's associated with all that is worrying about ANGS
After that it's tough - who would want the job? You're going to be pushing a very large stone up a very steep hill with little chance of generating enough spectacular news to lift the SP or your chance of raising significant amounts of cash in the next 3-5 years. personally I'd try an sell it to someone else for shares in the other outfit
Ocelot. I think if a company wants to be taken seriously it has to stick to the timescales stipulated. If you apply for a mortgage the bank wants to know they will get their money back in 25 years or before. If i was lending money, i would be thinking the lender estimated 2.5m and now it's 12m because of the gross failure to correctly estimate in the first place. You go to a bank with a business plan and stick to it within reason, any less the lender sees big red flags.
Thank you for your reply, ocelot. I will contain my view on actual progress to confirmed news via RNS now though., rather than any speculation given the very poor results over the past 18 months or so here. News has been especially poor in the last 5 weeks leading to the current (very) negative sentiment here, and ANGS seem reluctant to address this specifically, imo, taliking about future fluff rather than immediate action. I do still see a modest return (lessening by each official update tbf to the extent that breakeven would be a great resukt for me now), but my original (firm) exit plan for Dec 2020, will be actioned for sure if SF 'first gas' is extended beyond Q4. I already expect another delay from Q3 due to funding and any other reason they can think of over the next 6 months, so perhaps a biased and negative view now. Back to circa 50% down here now when exactly 5 weeks ago I was 1% from break-even (after 2 years of patience and belief in the new bod to show true change fro the old regime). All credibility and trust for the new regime and direction lost for me now, and I think many feel the same, particularly as the bod seem either oblivious, or uninterested in the reality of PI sentiment, preferring to concentrate not even on the next big thing, but the one after that, despite zero success to date (my nod to YorkshireLife). Balanced discussion is difficult when the majority will only look at one side of the argument and not consider a reasoned alternative, rare though it may be, which has been the majority view here for over 2 years by the majority (on either side of the fence), imo. Last post tonight, will look in over the weekend though
Saltfleetby has taken longer than anybody anticipated and that includes, of course, the company itself.
But, yes, I remain optimistic about the company's prospects and, if anything, have become more so as time has gone by.
Would like to see funding concluded, of course, but the positive developments at Lidsey were unexpected and, re the geothermal, let's see if GL is able to announce the "very substantial funding partner" of his Malcy interview.
ocelot, I note your eternal optimism when it comes to anything ukog or angs related (despite more than 2 years of serious dsappointmet with regard to delivery, or anything tangible on each), and wish you well. Have you ever taken a step back from either though to take a proper look at the bigger picture, or is the constant defence just an auto-response now? For me, as you can no doubt tell of late, the balance has firmly shifted towards the negative aspect here now, I see nothing positive to get behind in the next 6 months (based on current, expected Angus timelines).
I don't know who it is that Gall is accusing me of being, but whether it is spelt with one S or two it is insinuating that i'm black so therefore a ****** remark. Gall doesn't know the colour of the posters skin when making that remark so skating on thin ice.