Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
DoneK. Relating to the sale of Condensate….I have read predictions for revenue based on old prices are on pages 53-57
Based on 3 wells producing.( we will hopefully have two and the sidetrack up and running soon)
they estimate revenue from the condensate alone to be £25m per year!!!
Can others please confirm my findings? If so, this is something I didn’t factor in on top of the sale of unhedged gas at the current astronomical prices.
If anyone else can confirm the extra income of condensate from Saltfleetby on top of The natural gas that would be great
https://www.angusenergy.co.uk/wp-content/uploads/2021/10/Angus-Energy-Saltfleetby-Reserves-Valuation-Report.pdf
Scarlet Vixen I think the share price will go up on good news but could go down on bad news or if no news it could go down a bit but might go up as people won’t want to be out of this over the weekend incase we get good news on Monday if not tomorrow. I also think within a year I might possibly be a millionaire but I might not. We will see
If ANGS were to release a negative RNS tomorrow it would mean that the share price would have dropped today. It didn’t so that must mean that there will be no negative RNS tomorrow….God I’m either like mystic Meg or believe I’m a genius to have presumptions like that
Yep seen that only 2 out of the last 20 RNS have been at 7am
70% of revenue from the field unhedged
DoneK also with 10 years of continuous revenue from Saltfleetby from multiple wells, new investment from a chunk of the profit going to new opportunities, development of assets that could grow Angus as a gas & oil/ hydro carbon producer
The analyst consensus target price for shares in Angus Energy is 20.00p. That is 1438.46% above the last closing price of 1.30p. Analysts covering Angus Energy currently have a consensus Earnings Per Share (EPS) forecast of for the next financial year.
I have picked up over 500k shares up today. Seems to me if production gets up & running over the next few months then this could be a valuable investment. The value of the unhedged gas looks the key.
Great RNS yesterday, happy with development and production going forward. Good to see some of the negative commentators quietened.
I’ll be honest in saying I don’t want a surge in SP and then a dump….usually happens from rumour or a speculative RNS of what may happen and then a speeding ticket.
I hope for a steady increase in production month after month and an organic lift in SP and market cap.
Sure as usual we will have dips but hopefully we will see a gradual uphill trajectory.
Indicates to me Strong Buy and Hold!
We believe the company is well positioned to deliver on shareholder value; we have managed our cash position carefully and are poised to progress with our expanded portfolio.”
He thanked investors who continue to support the company as it moves further into a commercial phase.
Looking ahead, he added: “Whilst the future trajectory of the pandemic is not possible to predict, as a board we are excited about the COVID-19 point of care assay’s technical performance and unique selling points, and we remain optimistic that it has the opportunity to generate meaningful revenues for the company.
“The AIHL product is now launched and although adoption into healthcare systems will be step by step until formally recognised as being ‘best practice’, we remain confident in the business case and predict escalating adoption in the UK and abroad, and expect in the medium to long term that the assay has the potential to sustain the business through to profitable revenues.”
He said the company expects to drive value from other single target test markets and is focusing its resources on point of care opportunities that can complement AIHL in emergency care settings, and bring long term revenue growth to the business.
“This is a critical phase of the company, but we have sufficient cash resources to allow both point of care products to embed themselves and have confidence that over time we can build successful revenues streams for these and other point of care products in the future.”
I think TB is sending a very clear and positive message out to all current shareholders and to new investors. He has confidence in himself and his team to deliver value for the company and shareholders alike. Very positive news in my opinion
I am invested for this reason alone and we are near term to find out how much Gold/Copper and other metal is there!
The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.
I am happy waiting to find out: if drill results show bonanza gold grades…we will see the start of a huge rerate!
There has been drilling at Red Setter last year before the wet season. Stated in a few RNS…”drilling commenced previously “ and also states “drilling re starting”
We are just unaware how much was previously drilled.
I’m sure we will find out in due course.
For all we know they may re start drilling on precious holes ann may release assay results on these quicker than expected, especially if results show huge amounts of Gold.
Don’t see the SP going lower than 25p for more than a day or so or within a trading day.
Reason: there’s far to many announcements that can be made by the company at anytime relating to sales or developments of products relating to approvals that can suddenly trigger a rerate. As we know once it gets momentum, you want to be in, not sat on the sidelines