Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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From about 9:46, re the value play, the investor can say:
"I genuinely believe I've got at least 16 (ie. £16m), at least twice the value and then some, and that's before we look at the other things we're doing and hope to do".
Think we can all see in which direction the share price will be heading, it's just a matter of time.
"The most time-consuming thing to deliver was the debt facility, that has now been delivered."
but not yet signed I'm sure you meant to add Ocelot.................
The most time-consuming thing to deliver was the debt facility, that has now been delivered.
Onwards and upwards!
Frankly, the interview provided a reasonable explanation for the delays. Precious time has been lost along with a lot of goodwill. its all down to delivery now over the next few months.
Checkout HUR, 5 directors getting the boot SP up 70%.
I'm glad JTP isn't a dentist, he would either drill or pull the wrong tooth like inspector Clouseau LOL.
some of the stuff we're building here IS proprietary, we will be building out intellectual property around it, this is one of the few things that benefits the pioneer or the first movers".
Who believes that ANgus have discovered some fantastic new way to drill any well that hasn't occurred already to the other 99.999% of the industry?
Its probably JTP finding out how to re-enter the right well in the first place................
re geothermal drilling techniques, GL says that "some of the stuff we're building here IS proprietary, we will be building out intellectual property around it, this is one of the few things that benefits the pioneer or the first movers".
From about 9:46, re the value play, the investor can say:
"I genuinely believe I've got at least 16 (ie. £16m), at least twice the value and then some, and that's before we look at the other things we're doing and hope to do".
Obviously seeing is believing with Angus, let's see if GL's words are vindicated for a change.
His share movement explanation was not on the mark as the issue here is loss of trust. But that can recover with success at something.
I thought it was a good interview overall and GL looks a lot more positive than he did in the last webcast. For a Finance man he seems to really get in to the O&G technicals, I was impressed with him mentioning SIMOPS in the explanation of drilling the 2nd well in the beginning rather than later - good move and saves quite a bit of money.
I am not into the Geo and Lidsey atm. For now I am only interested in SF and this sounded good, more confident, doable and high probability of success.
He is still talking about gas at year end, so I expect they are confident that OGA approvals will come soon.
Oh dear me, some people never learn! I may buy some more to bring the average lower. Nuts?
Heard it all before.
Lidsey remains very obviously dead in the water. Geothermal is a minimum 5 year and massively cash-consumptive pipedream based round this year's fashionable buzzword. It still remains all about Poundland.
The biggest chuckle for me was when George attempted to explain zero SP movement on the release of the most recent "financing is (conditionally) approved" RNS. He puts this down to retail investors being distracted by other opportunities, such as bitcoin... seriously, George???
The real reason is as mentioned before - it's ANGS having firmly tarnished itself with "Boy Who Cried Wolf" syndrome. Such is ANGS's lack of credibility - earned through unrelenting non-delivery on anything it has said ever - that the only thing which will start to reverse that is real-world verifiable results, not more puff and spin.
I suspect George knows this, but just can't publicly be seen to admit to it.
re geothermal:
Memorandum of Understanding with Albanwise, but no financial commitment for the present.
from 19:04, question asked about news flow in the next few months:
1/ "equipment rolling onto site", "the thing happening in front of your eyes";
2/ hope to see seismic at Lidsey "confirming what we believe in internally", then "permission, permission, permission".
Lidsey was one of the reasons the share price got to 30p 3-4 years ago, "we're trying to bring that back right into the frame";
3/ constant stream on geothermal.
Towards the end, GL spoke of Lidsey as being one of the reasons Angus's share got up to 30p in the past.
This is before my time on the board, and before his at Angus, but interesting that he should choose to mention it.
Could we be actually turning the corner,If all the talk turns into action the company has a bright future at last.
Excellent interview, GL buzzing his socks off.
At the end, Donald Leggatt thanks GL for the "robust discussion".
It's true, thought GL was in combative form, keen to get the message out about Angus.
About 10 minutes in, he described ANGS as "a value play, not a risk play".
London South East have just caught up with George Lucan and had a long and in-depth interview with him, covering all the assets and future Energy Transition potential. Please view the full interview here: https://youtu.be/LvkVur1Sp6Q