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What other conditions are required for the suspension to be lifted?
Accounts have been logged. Can MODE decide to stay suspended until such time an update is to be released?
What are the next steps here?
tks
Just to add, as pacifico rightly says, we do not know the costs involved to EQT under the agreement through to 2025. From a cashflow perspective, this will not be seen until next Q at the earliest.
We will probably not see these until the next set of accounts, where hopefully they will be allocated to this project and not rolled into a total so we can see how profitable this particular contract is. The agreement is likely less of an upfront payment and loaded more towards the performance milestones and the contract itself, so plenty still for EQT to do to earn their money here.
Still good news and the initial signs are that the market likes it too.
gla
This 'whinger' has a decent sized holding thank you Mr 86 posts.
And what do I have to say dofmeister?
Well, I have to say well done. I wanted to see signs of tangible progress and in good time too,and this news comes quickly off what they said in the results RNS.
The fixed consideration is modest, but the contract looks attractive.
Hopefully this will have a positive impact and will be the start of a change in the SP trend.
Let's see more of this. I am pleased with this update.
Is that good enough for you?
Not sure that dividends would make much difference to an investment case for Fund Managers.
They are more interested in the fundamentals, cashflow, Director investment (buys not options), mcap.
Paying a dividend or not would not enhance an investment case over anything else, imo.
Getting the mcap over 100m would be the most attractive indicator at this stage for any large investors
That's the key though chilting, averaging down.
If I saw signs of progress then I would consider it, especially at these prices.
However, EQT is already my third largest holding, and I am 85% down. My 2nd largest holding has been suspended for several months, circa 95% down. I am overexposed to AIM currently and cannot justify adding in this space currently.
I did have a share 95% before and averaged down there, but it took 3 long years to take profits. I could see signs of positive action there though. Not convinced on EQT, so the bod need to change my mind, and quick.
Fortunately, my largest holding is doing well, my dividend paying 'blue-chips' are marking time, my funds are doing well and I'm even getting ok returns on premium bonds, so I can afford to wait on a couple of bad eggs, but end of year will make a decision based on progress seen. 3 shares are on my watch list to take the hit and move on.
It's always a great buying opportunity whenever the SP is down, regardless of all other factors at play. Hear this on every AIM share, often it is misguided hope at best, or deliberately disingenuous at worst (the OP looks more like the latter in tis instance, imo)
Sad to be 50% down on what I, like many I suspect, were likely expecting a short wait for gains when the side track became live.
I was only looking for a conservative 25% on the expected doubling production, while many were predicting 4p plus.
Typical ANGS really, and typical AIM.
Will await the outcome of the finance facility, any flow increase from permanent pipe line due 'in the summer', and the SP effect from winter gas prices, but looking it will soon be time to cut losses here - I will give it until end of year to see what news lands (like with another share I hold going through similar SP action currently).
Fortunately, I made good profits here pre-Brockham, and (eventually) after first gas too, but disappointing nonetheless to see the SP where it is now.
I still feel it is SFB or nothing for ANGS in the short term, anything else is simply not affordable at this time and should be put on hold until finances allow (imo).
gla
gla
I think the majority of investors are aware that placings are required to grow a company. It is vital on AIM, and the purpose of AIM after all.
Investors do reasonably expect to see strategy based progress and a considered use of those funds too.
EQT did very well out of the Hydrogen hyped sector rise (both via SP rise and exposure to the sector for new investors), but have not capitalised on it though a recognisable strategy and roll out.
There is only so long you can use the economic climate, covid, Ukraine, etc as excuses to cover up what is glacially slow progress.
As I have posted many times, I always saw 2022 as a need for delivery after prior delays/issues. It was evident early on that this would not be the case, and 2023 then became an imperative year for tangible delivery, and we are still hoping and waiting at the start of H2.
The signs still do not look good, but there is still the chance that things can come good, but likely on a much smaller scale than the company wants shareholders to believe.
As I have also posted many times, Europe for me is key. Northfork is key too and could open doors in the U.S. UK is a complete write-off though for me.
The company has proven time and again now that they are not capable of being transparent and cannot even afford investors the courtesy of acknowledging concerns or answering direct questions put to them.
This is AIM all over, always more losers than winners. High risk, and rightly so.
I will be looking to write this off if no real signs of change in the next 6 months - my losses now compared to what it could be in 6 months will make little difference now - but I want to see news delivered on time regarding the many projects they tell us are in the pipeline and delivery to the bottom line. I have been saying all this for 18 months though
The Admin email address should be good enough.
I sent a query there in March (Sat am) as the 'contact us' function on the website did not work for me (there was a site issue) and I received a reply from Puruvi Poddar (direct email) before 9am on the Monday morning.
The Admin address, Shishir and Chetan Solanki were also cc'd in the reply
Disagree Lav.
This deal and the requirements has been known by the markets for months.
The only need for an ENS is for
1. A further extension of long stop
2. Completion and receipt of cash
3. Deal cancelled
Any step along the way is expected progress and does not need to be updated to the market.
PI's playing detective always think they are 1 step ahead of the game with things like this. They are not
Why the need for an RNS?
The re-registration, sign-off, etc is expected news, everyone knows that this is what is happening and we have been informed multiple times over the past few months with the extensions.
No need for an RNS at every step along the way until everything is complete and to confirm the funds transfer (imo)
gla
Like many, I am not happy with the rate of progress here, or the lack of transparency from the bod, but to state as C909 does that " it could be the idiot cfo forward selling his ltip shares" is one of the most disingenuous things I have ever read on these boards.
It is 100% guaranteed impossible that any member of staff could be forward selling any shares not actually awarded, or potentially due to them under any company scheme.
The FCA and HMRC would be very interested in anyone trying to do so too, not that the company would sanction anything under the terms of Director dealings.
Cue a handful of very rare exceptions of Director share dealing abuse being held up as 'proof' that this activity goes on all the time.
I have put up with C909's mildly amusing (but boringly repetitive) posts for too long now. Time to filter as he is just a bitter PI not able to take responsibility for his own investment decisions. Understandable, given the profess here vs expectation maybe, but there is a limit to the non-stop whinging I can take.
Presumably, the suspension will be lifted.
This will likely result in a drop to a new level and the Directors will continue their efforts to 'extract value' for shareholders who have no real option but sit and wait, or Sell for massive losses.
The company will no doubt bounce along for as long as is possible and venture into some currently unknown direction in order to delay the inevitable.
Painful
Terry is just another self proclaimed saviour of PI's.
Doom mongering on multiple boards and only his opinion matters. According to him.
He is always right too. Also according to him.
Filtered
gla
Will await the release of production figures in due course today.
All these Q&A responses seem to reveal is that those who take a more conservative view, together with the so-called derampers doom mongers and activists (as the diehards keep calling them) are still calling this more accurately than the bod and the board experts on here.
The bod are still over promising and under-delivering and being generous with the truth in terms of timelines, costs, etc with everything taking longer than expected by the bod, or not quite achieving what they outlined as conservative expectations.
No wonder the SP is dropping, still little to no trust in the market for ANGS and lack of transparency in what is actually going on.
Same old
gla
When the SP goes down on news it is always MM games.
Nothing to do with the implication of the news then, the disappointment clearly shown by the market and investors for yet another delay to completion of the transaction to secure funding?
"The company is worth no more and no less than it was yesterday, last week, last month"
Well it clearly is worth different to yesterday, last week, last month, as the SP just in the last month has had a high of .75 and a low (right now) of .465 with a downward trajectory to boot (circa 50m change in mcap)
I don't get these 'reassuring statements' from posters when the evidence is clear.
The markets have spoken. The potential, the assets in the ground are currently worth what they are now as there is no money to realise them, and it will stay that way until funding is secured.
This drop is nothing to do with MM games, the go-to cry of investors (gamblers) whenever an SP drops on news they do not like.
This news has pretty much been telegraphed since the first extension at the end of April.
Trolls trolling expected
PI's losing their sh*t and this board turning to carp expected.
Die-hards claiming a perfect top-up opportunity expected
Time to switch off this board until news
gla
gla