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to summarize
SFB/Balcombe(if planning committee approves on tues)/Brockham all producing Cashflow by Q3.
Lidsey and Geothermal into 2022
https://twitter.com/ShareTalkNews/status/1364969708563226624?s=20
geothermal, from 15:22:
"hope to announce a very, very substantial funding partner at some stage in the next month";
Lidsey, from 18:15:
"most exciting thing to have happened (since his arrival) apart from Saltfleetby", at 19:00, "extremely exciting".
Good interview,,
But I don’t understand where all the negative posters from yesterday and today have all gone??,
Must be busy selling all there shares they apparently have in angs??, or don’t!!
And apparently am a cheer leader!! for this company all because I’ve only posted a few times,, am sure we all had a moment where we have only posted a few times too?, but basically I got to the point yesterday where I thought no I will defend my own investment and post something positive for share holders to read other then the rubbish that was been posted by a few and that there is people invested in this company that believe this will come good very soon,
from about 17:04
to deal with the delays of the UK regulatory regime, "have to have a pipeline" of projects, aiming for 4 projects of this nature (discussion was of geothermal at the time) "so that we have a rolling programme").
well its a very good interview and brings a lot of clarity and relief. the loan is oversubscribed and its the formalities which require completion and that is imminent. So doom and gloom only with AAAG. lidsey answered very well. Lets see the beginning of good news Tuesday onwards.
"the loan is oversubscribed"
So why is the stock price still falling?
because the likes of you keep raising doubts.
there is £19 million on the table chasing 12 million. its clear as crystal.
"because the likes of you keep raising doubts."
Seriously? If people posting on a bulletin board could materially affect the price of a share one way or another, we'd all be millionaires.
Stating the bleedin' obvious here, but It's the market that decides the worth and credibility of a company, judging it against what it says and much more importantly, actually delivers - not a collection of random posters (me included) on some random bulletin board.
A far FAR more pertinent question to ask IMHO would be this:
If everything really is as rosy as George made out to Malcy, and all the ducks are already so incredibly well lined up... whyever did George feel the need to do this powder puff interview in the first place? Why not let the imminent hard news do the talking for him?
I could take a guess...
GL rounded it down to £20m after initially speaking of £11m + £8 1/2m.
sorry, rounded it up!
James. Your post from 14.27 and your reply to headinthesand seems to contradict your views. Sorry, but i'm now confused of your views.
I am relieved after the interview. clarity on funding has been provided
Have the impression Angus is on its way!
Is it just like that,ooh Betty or Rodders this time next year wew be miwionaires.
James. What is frustrating, is that the original loan company wanted to lend Angus £20m on better terms months ago. Angus at the time refused the amount offered, but now they are going back and forth between 2 lenders for the same amount. I'm sure they knew at the time it would be needed for all the new projects,but obviously it wouldn't be drawn down until necessary. If they accepted the offer,all the timelines wouldn't have been missed.
... What is frustrating, is that the original loan company wanted to lend Angus £20m on better terms months ago. Angus at the time refused the amount offered, ...
---------------------
Can you cite your source of information, please, balancedviewer?
gkb. No i don't believe what he said, but the excuse was the institution involved will only lend minimum amounts. The £12m what we required wasn't enough for them to bother.
Ocelot. Investor question 30 sept 3rd one down. Min ticket size $20m or above, these are the institutions George said he was negotiating with since March.Please read the answer to the question, he said it not me.
You've misunderstood what GL has said, balancedviewer.
The negotiations with the international bank were for the Saltfleetby debt facility of £12m alone.
There was, therefore, never any question "that the original loan company wanted to lend Angus £20m on better terms months ago. Angus at the time refused the amount offered, ...".
Let's hope the protracted debt facility negotiations have enabled ANGS to establish relationships which will prove of benefit to the company in the future, too.
Have they acted in some way to damage relationships that were forged in the past? if they need to build new ones? 12% above LIBOR seems a steep price to pay when ASDA can flog junk debt at under 3%.