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its not as black and white as that. Gas pressure is there, worst case they have to tweak the kit BUT IT WILL FLOW.
everyone does, if only to ensure a certain level of profitability and in many cases to ensure banking covenants aren't breached in a market where prices fluctuate.
Silverlight - you wrote
"At least 70% of our production is now unhedged"
That sounds good, except, currently there is no production. Hopefully that will change soon otherwise the lights will be going out.
Silverlight, even the large producers hedge some production.
exactly. of course there will be a clause for delays or worst case scenario, you only sell at the hedge If you don't have it! I Worked in many companies where hedging is part of the course, you don't pay if you have nothing to sell!!! No one signs up to that to potentially destroy their own company for the sake of fixed pricing, don't listen to the drivel .. its absolute nonsense. In an ideal world we wouldn't have hedgeD any thing with gas at x4 but heighsight is a wonderful thing. At least 70% of our production is now unhedged which is wonderful and very lucrative of the live of the project, we weaned a huge premium of we sell SFB which I recon will be back on the cards soon enough after first gas at say £200m/7-8p minimum based on the numbers and average multiple. SL
No one pays a hedge up front with no gas !
", I presume you are well in the Red "
Like many LTH I've taken a beating here -
Mr008, You try putting the seeds of doubt in shareholders minds which doesn't work, but it's strange that you never can find the reply button being stumped for an answer.
Mr, shall we buy you a wooden spoon for the spoon that you are trying your best to deramp. Try watching the Jeremy Naylor interview and educate yourself.
they probably have it just hasn't been RNSed. You don't have to confirm something that you have already stated is happening.
Why Aleph hasn't subscribed for the second tranche of £3,000,000?
I wonder if Mirasol owns more shares than Ruthy?
Mirasol hits and bobrad. The architects of constant drivel. Pathetic . Gas is coming and the market cap is undervalue. The rest is noise
yes very odd to post 50 times a day with pure hatred and still claim to own stock, seems the definition of insanity to try and hurt your own investment?
sentiment means more than the long term analysis these days, your average 'furlough' investor just sees numbers on a screen. This would move on the buzz alone, thats how it works.. even though the maths looks great too. And with regards to the hedge, no one knows the details, you hedge to get a fixed price for your commodity or product to reduce risk. There will 100% be a clause in the contract that with no or delayed gas then we wouldn't deliver. No one in their right mind would sign up to, worst case scenario, be liable for the cost of the gas if there wasn't any! Thats more risky that hiding in the fist place! (the trolls will use any scare tactic truth or not). We will get and RNS in the next 72 hours either way, I'm betting lovely flowing gas ..
Mirasol you have plenty of shares lol, that's why you say the company is a Dog, I presume you are well in the Red with your SO CALLED SHARES?
Here is a case in point of a poster who opens a thread to 'suggest' an issue and then perpetuate the argument to bring in doubt where none need exist. This is not 'trying to get in lower' and posters who think that way completely miss the point. There's no requirement to get in lower on a stock that is already lower than shark sh - it, it is merely for amusement or to purposely hijack a board.
If you will open your eyes you will see blatant attempts to 'take the proverbial' and then you can do what I and many others do, filter them as they add nothing of value. But to those who jump on any poster with a legitimate concern and call for them to be 'reported' because you don't like what they are saying, well, you're just as bad.
The reality is that we know SOU made an offer for ANGS' share of SFB that was circa 1.5p per share. Since then GL has bought the remainder of the field yet we sit at 1.15p on the bid. We know this is undervalued based on the 'projected' income from the gas contained in SFB but there is ZERO trust in anything GL announces. Until he proves categorically that this well flows as announced, we will stay down here until a short time before the news is released because as always, it will leak (the news not the gas hopefully).
However, when it does it should not be a surprise so there's no need for 'well done alls' as nobody has done anything that can be classed as an achievement. You either hold and the price you can sell your shares for 'should' be higher when the tap is turned on, or you don't hold so it doesn't matter if it does or it doesn't.
All the best
"you bought this morning with that positive comment!"
Ho Ho - I have enough ANGS shares thank you. But seriously stupid is seriously stupid and should be callled out .
As HITS keeps pointing out its all a matter of volumes and timing - there is gas there - can they get it when they need it in the required volumes? - that is the question
you bought this morning with that positive comment!
Mr008, I suggest you stop S**T stiring .
Mr008 - Your posting history speaks volumes...
What's your entry target here at ANGS? - Don't be shy...
To be fair I remember Lucan saying that they'd checked the well pressures quite early on and that they were in line with expectations. Which was a wise thing to do of course. It's buried in some of the Answers to Investors I think
As of now, the conditional subscription has not been completed. Don't you find it strange?
He’s clearly just trying to get in cheaper. These boards are infested, they seem to be getting worse.
Mr008, are you a shareholder.