Member Info for CanaryInTheMine

Pinocchio, it wasn't me who made outlandish claims and then used made up figures to try and prove them right. You even laughably admitted that you made up the oil profit in your own post. I am not discrediting you, you are doing that all by yourself with every post that you make.

It seems like a fair old sea of blue at the moment. We just need a few steady days of this sort of volume, but all the news everywhere seems positive. The lithium sector is booming, the appetite for DLE technology is massive and we are in the perfect place to benefit from both.

SillyButtons. Any company has to develop new income streams in order to get bigger. Especially one that works in oil and gas like Angus whose assets will gradually deplete over the years. A small-scale visit into geothermal would be a good thing IMO as a hedge against anti-O&G legislation, but I certainly wouldn't be the whole company on it. Remember that Lucan is no longer running the show though, Richard Herbert is in charge now and he has Canadian and Latin American experience on his cv so I would not be surprised if Angus were to abandon geothermal altogether and spread their wings abroad. Whatever they do though, they have to expand into new licenses or areas or the share price will only represent the Saltfleetby revenues which are good but not life-changing.

It's good to see that you are finally admitting that you just made your production numbers up and that your intial claim was nonsense pinocchio. It's certainly a step in the right direction towards a more honest relationship with the truth. I am disappointed to see that you are now adding the cost of the ROb-1 workover as a new addition to your argument though. It is the mark of a desperate man. You don't even know the current price of oil. lol.

My view is that HITS's recent posts show a fair and balanced view of where Angus is during its current development. I see no deramping going on and I don't even think that he/she is being critical of the company. Of course I have seen some of the negative posts in the past, but the past is the past isn't it? We have to let people make mistakes and judge them for where they are now. I have no time for those people who cannot forgive Angus because Brockham didn't work and as long as HITS is posting reasoned posts either positive of negative then that should be welcomed. There are other boards I post on where the place is just full of moronic derampers who can never forgive the fact that they didn't make money on previous investments and just make up lies day in day out. HITS is definitely not one of them.

This is more like the volumes that I know and love from Clon. Trades in the hundreds of thousands and not just tens of thousands. It is only a matter of time before the market catches up to how big Clon and ChemX technology is going to be in the mining sector.

You know exactly where you went wrong. It was when you made you the profit on production by saying assuming $50 per barrel after production costs etc. If you had assumed $60 per barrel production costs then your figures would not have worked which is why you said $50. You need to use facts not assumptions to justify your claims pinocchio.

The really interesting thing will be to see what Angus do next. If they really want to deliver value for shareholders and develop into a company with a £200+ million market cap then they will have to acquire new assets and fund the development of these from the Saltfleetby revenue. But this is a great place to be. Worst case scenario they continue being boring and we watch the share price rise to 4p over the next year or so. Best case they acquire new assets and have the potential to do many multiples of this. It all depends on the management and their appetite for risk. But it is a good place for the company to be in.

Yes of course I own shares in Angus. I would not be posting here if I didn't. I believe in the company and I believe that in the worst case scenario that Angus will be worth 3-4p per share by the end of the year or the beginning of 2024. When I use the word boring I was being descriptive. It is boring compared to the company it was when it was drilling brockham and risking everything on the success of the drill. However, it is a much better company now and is as you say a stable and reliable producer of revenue. The only problem with this is that on AIm being a stable and reliable producer of revenue is not sexy. People would rather bet everything on one wildcat drill with a share price to go up by 10 times on a successful result. Its a stupid way of investing if you ask me but it seems to be the fashion.

Pinocchio, I do admire your attempt to justify your claims but we all know that your figures are still wrong. You have assumed a profit per barrel of $50 solely to make your figures work. This is not the actual profit per barrel if you read the accounts correctly. A for effort. C- for knowledge. Must try harder.

DYOR and you'll see why you are wrong.

Apologies Aimtrader, I did not read it properly and see the relevance now.

Why are you posting this spam on the clon board?

When Angus borrowed money in the past it was high risk because it had no income. This is why the interest rates on the loans were so high even in a low-interest rate economy. Now Angus does have income the borrowing rates will drop even in a high interest economy.

I make HITS right and one of the most sensible posters on this board. For those who have not realised, Angus is no longer the wildcat explorer that it was back in 2017-2020. It is now a grown up, mature and, frankly, boring company. This means that it actually makes money through production and can borrow money to develop. It also means that the days of the share price quadrupling in excitement in the lead-up to a make or break exploration drill are long gone. Angus will now be judged on its financials by boring accountant types and the share price will reflect the financials.

Rob, if that was your buy order then you did well. It is a good time to top up in CLON before the pilot plant is up and running and the first test results come in.

And pinocchio abut your financial figures. Your nose must be huge by now.

CLON have just tweeted a link to an interesting article on lithium in South America. Th Chilean company SQM quoted in it say that they are planning a new form of lithium extraction that may do away with the ponds altogether - does anyone else think that this might be ours? Very exciting if it is.

https://twitter.com/ClontarfEnergy/status/1668245297313579011

It's funny that whenever you are challenged on any of your nonsense claims you always refuse to show how you worked them out. It's because you didn't work them out, you just made them up. Like I said before, you clearly have no idea how to read accounts. Show your figures of stop talking rubbish.

N1shares, I think that HITS got the reason behind this spot on in his post on June 7th. To paraphrase him, it looks like Angus have some short-term cashflow issues with approx £4.1 million of loans being due for repayment imminently, and it does not appear that they will have the cash to cover this at the moment. However, with the revenue from Saltfleetby coming in on a daily basis they should be able to refinance this pretty quickly and cheaply. Once this refinancing is announced I expect it will remove one of the concerns the market has about the company and the share price will bounce up as the forward projections for cash look very healthy.. But that is just my opinion.