Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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From 6 minutes 40 secs - talks about now having the financing in place so retail no longer have to be worried about repeat placings/perpetual overhangs.
Link:
https://tinyurl.com/5e84fca2
All well and good, except as several have pointed out, George has utterly failed to honour the content he's volunteered in many interviews, including the LSE one just a month or so ago.
But you never know. Maybe this time and for once what he assures one and all will turn out to be accurate?
HITS. - The £12M Mercuria loan interest rate is 12% over Libor rate (approx 3%) - so c15% - ie £1.8M per annum, which is now the sole responsibility of Angus - (not 51% as was).
The loan was taken out on the 17th May 2021 - the debt could therefore be currently £13.8M. Presumably the interest payment of £1.8M for the first twelve months has been paid. (SELs’ 49% at £0.882M).
Angus responsible hereafter.
Isn’t that £14M sale more like a £20M sale ??
TD - for years the merchants of doom have been marching with their sandwich boards proclaiming, with all their evidences that 'The End is Nigh for Angs'
we are within days of generating serious cash from selling gas at saltfleetby, in addition to actually selling oil from Brockham and selling more from lidsey.
it was june 2019 when brockham was declared a duster from the kimmeridge
fast-forward 3 long years and we are about to make real and serious monies.
GLA
Given this should now be trading in excess of £100m mcap compared to sector peers theres a huge disconnect from fair value, I see that closing gradually in the coming days and weeks as the taps are turned on and first revenues are registered with the market, then I see major moves in the share price and an upwards revision as a new reality sets in. There is nothing completely risk free on AIM but buying close to where the institutions have the risk reward is almost definitely skewed to the upside now. Atb
The provider of the debt facility has just invested £6m in Angus's equity: it is hard to imagine a more convincing endorsement.
Yes and they're also backing a dividend policy, a complete departure from angs of old. A more grown up company emerging here.
Flagstaff TV: @mgrahamwood talks to George Lucan, @angusenergyplc CEO. George expands on the period of busy activity for the company, with the acquisition of the remaining portion of the Saltfleetby Project
Link
https://youtu.be/kiSo-ukNbxA
"Given this should now be trading in excess of £100m mcap compared to sector peers theres a huge disconnect from fair value, "
You're posting on the wrong board - you should be on BP
"we are within days of g"
those days include 2021, 2022 (March, April , May Mid June-
this company is inapplicable of delivering ANYTHING on time and on budget -other than the salaries of the BoD
To correct Ocelot's claim, one of the parties involved in providing the debt has so far acquired 273 million shares in exchange for £3 million.
Interestingly, it seems to have already sold 40% of the shares it has just acquired.
All that lovely gas waiting to be dug out of the ground! Boom time for Angus holders!
The FIRST scheduled repayment (£1.5M) of the Mercuria £12M Loan is due Sept22 - will SEL come up with their share or is Angus lumbered with the lot.
Noel - That’s September it’s May - and yes they will. Will we be making millions on gas and oil by then? Yes we will. Probably make that in a week lol
I see they’ve all come out of the woodwork today! What does that tell you. Close your spreadbet as lads those pizzas won’t buy themselves!
IMHO DYOR GLA BUYTHEDIP
It surely is - we finally get to reap the rewards and like GL in interview - wants to make this into a dividend paying company- big plans ahead here entering the energy market in both gas and oil at the optimum global time - prices are only going one way and that’s up.
We will look back soon when it’s pounds not pence and think how the hell did people manage to buy in so cheap.
IMHO DYOR GLA BUYTHEDIP
"The FIRST scheduled repayment (£1.5M) of the Mercuria £12M Loan is due Sept22 - will SEL come up with their share or is Angus lumbered with the lot."
As Ocelot will tell you ANGS now owns 100% of SFB - 100% of the gas, 100% of the hedge and 100% of the repayments
……. And a 100% of the income and profits, please include positives as well