Member Info for Crocqman

I checked the site several times over the last week, and could not see any questions submitted.
Is it new that they do not post questions and just add them and answer them at the end of each month so that no one knows what has been asked?

This seems to lack transparency, something which this IQ format was supposed to increase.
I expect the usual to jump on this as nit-picking and defend ANGS, but this method although answering questions that do not need to be RNS'd, is not in line with their published guidelines for submitting IQ's - they should update this page if they are not going to upload IQ's when submitted and just print everything at the end of the month.

Having said all that, there is at least some clarity now. It is just a shame that it has taken almost 2 weeks of silence for them to do this.
Frustrating as ever to be be invested here.

One point, their lovely infographics and past RNS's repeatedly stated that they expected well clean up to take a few days. One IQ states "We know from other Saltfleetby wells that clean up can take a number of months to achieve". And yet, to my knowledge, they have never told us this before. Also, this answer contradicts with another answer from the collated questions on the previous RNS. And many here wonder why many distrust the comms from the company. Over-promising and under-delivering indeed.

Let's see what tomorrows RNS has to say, it should provide additional stability to the SP at the current level at the very minimum. We will see
gla

Nice one smiler :-)

Whilst it would be good to get some additional II investment, much like many thinking the long stop date was set in stone and getting excited for the last few weeks, the £100m does not guarantee that they will come flooding in. It makes it easier for them to do so though.

So many criteria for some Fund Managers and II's when it comes to their investments, especially in the small cap space. Some will see KOD within their scope once funding hits the bank account, but many will still see barriers to investment through other criteria.
We are already over the £100m mcap that will be a barrier to some, a lot will have limits as to companies under £500m mcap though, and it is being on the AIM index itself that will be a barrier to many which will have small allowances for investment across the index as a whole, let alone the sector.
AIM is great at the outset for allowing companies to grow, and for raising funds, but it can become a millstone too - I think we are a long way off moving from the index, but the cash arrival will make this much less of an issue here, imo.

Some specialist small cap funds, or II's who do their own DD rather than be managed by investment houses themselves will be the target, and as Lav has posted the addition of a broker that can access larger investors is a big positive.

The biggest attraction to these investors for me, is the bod themselves, both through their management, and their direct investment into KOD - several small cap funds will only consider an investment when management is personally invested themselves (not options).

As with most things though, we can only speculate as to larger buyers coming on board through the sizes of the trades being seen. Only TR1's will confirm the change to the make-up of investors here.

gla

That price has to be a case of fat fingers, surely?
Price is almost 17% above the Ask.
Maybe someone trying to get out of the door quick before the long weekend :-)

Also, the large trade after reported as a sell is a price higher than the UT trade and at a later time, so potentially a Buy too?

Who knows, maybe see a correction of the 650k trade next week. Odd though

Likewise, if the rampers are so confident here, why do they spend all day reassuring each other that there is nothing wrong despite the ongoing silence from the company and lack of clarity as to what is actually happening on site?
Surely they should be sitting in the sun, or dong something more worthwhile too and quietly waiting for their 'guaranteed' rewards?

The rampers on these boards are just as dangerous as the de-rampers, who, more often than not turn out to be closer to the reality when it comes to predictions.

Funny how when Singhie recently posted figures for the various SP predictions from a month ago given for 1st May, showing a mean price from 20 people of 3.31p it was immediately dismissed as just a bit of fun (my very conservative price of 1.95 having dropped from a 2.30 high is looking pretty optimistic right now).

Well, I am off to do something more productive. Pointless guessing and bickering here. Will await official news and hope the company provides some real clarity in their next update. Still positive and cynical in equal measure here with a healthy dose of realism thrown in.
gla
gla

Yes, this is what any nervous PI's need to remember.
We have seen plenty of evidence of site visits, group photos, etc in the last week to show that this will happen.
It is not like we have had radio silence for 3 months and then tis has dropped.
This could be seen as a top-up opportunity for those looking to do so (not for me).
gla

How quick was that for an order of humble pie !!
lol

Personally, I think that if there is the need for an extension to the long stop date, we would not get an RNS until after the 30th.
Yes, before is possible for both confirmation and a delay, but it is looking more likely that we will see an RNS on Tuesday one way or the other. Cue RNS before for some humble pie!
It should be stressed that a delay would not be a big issue, it is not uncommon, and a small blip to cross I's and dot T's would not greatly impact on operational timetables.
The recent visits, tweets and photos surely lead everyone to have comfort that all is going well. The funding will happen, imo, just perhaps not to the original tight timescale.
Sadly, the market would probably see a delay as cause for a drop, depending on how any confirmation is worded - if they were to say completion in 2-3 weeks, or end of May, for example due to delays in signing paperwork, then it is not the end of the world.

I will not be fretting over a long weekend if we do not get news today or tomorrow. Happy to sit tight this close to whatever news may land
gla

I think the frustration here, for me in any case, is two-fold.

Firstly, after teasing tweets and (fairly) good comms, for a change, ANGS have gone back into silent mode.
OK, so we are still in April and they told us to expect combined flow rates 'later in the month', but we are now more than 3 weeks on from this, and the subsequent RNS was a real dogs dinner with no real clarity as to what is really going on, and I believe the first mention of a new well flowline being needed. Not helped by the award of options immediately after.

Secondly, and this is no slight against the experts on here who have been a great help, but we have been told throughout the latter stages of the side track process that this is a 'simple' case of following steps 1, 2 and 3, then bob's your uncle. Now we are seeing that steps 1,2 and 3 lead to additional steps A.B and C which could also give rise to steps X,Y and Z, all not previously mentioned as possible outcomes, or requirements, but that this is normal and not a problem. Everyone seems happy to wait, but that is all investors ever do with ANGS.

Again, not a slight on the experts as I am sure most are aware that things are never simple, delays and cost over runs do occur, and things do not always go to plan. But, to keep hailing SFB as a great success and that GL and the bod should be congratulated is a little disingenuous, imo.
It took far, far longer to get SFB into production than original estimates put forward by the company, and at a far greater cost than anyone was ever told, and the side track has gone the same way.

Yes, there are many positives for getting to this stage and well done to the team for getting a steady income from production, but the time and cost has impacted greatly on finances, profitability and now, sentiment.
An element of trust had been restored when SFB came into production. This is now being rapidly eroded for many, as it always seems to with ANGS and the bod with lack of clarity in their RNS.

Again, no slight intended on the experts, but the goalposts do keep moving here, and to keep being told it is normal, we are happy to wait, etc is not always helpful especially given the past here.
Apologies for the long post. Off out too, so will not see replies, but I will add thanks to the many experts here, it's just that the reassurances at this stage seem hollow.

Come on Herbert, give us an interview - I get the impression too, that GL was more of a company 'face' than Herbert is likely to be when it comes to media duties, interviews, etc. Hope to be wrong on that score.
gla

I could be wrong, but aren't those details only required for FY and HY results?

Give it a rest with the politics and Brexit carp.
Not interested and not relevant to this board

4 reported trades worth less than £2k in value and the SP is down 15%.
Sounds about right

It takes a long time to extract value.
The trouble is, the longer it goes on, the less value there is to extract.
Meanwhile, they continue to extract something else with their shareholders

Anybody considered submitting an IQ on their website?
I would, but they never seem to accept anything I submit despite being written in a respectful and clear manner.
I think they may have blocked my email address due to submitting several similarly respectful email queries over the past few years which they never reply to, or acknowledge.

Fair point, mja.
And given how quickly things tend to get done here those dates are likely highly ambitious too!

Thanks also RoR.
Maybe a holiday stop-off in Gardanne in the near future then, en route to the South coast!

I posted after the recent RNS (27/3) about the project award with Idex Group that I would take an interest in this project by the Limoges-Metropole in the Nouvelle-Aquitaine region of France as I make several trips a year to Limoges.

I have already been there a couple of weeks ago, but did not have time to research at the time, but will be travelling there again in a couple of weeks' time.
I sat down to do some research yesterday, and could not see anything on the Idex.Fr website, or the Limoges-Metropole.Fr websites regarding this project.
Although their sites are interesting in regards to what they are doing on a 'greener' front, there was no reference to any latest news, RNG, EQTEC, or any project awards on either site, no reference of Idex Group on the Limoges site, or Limoges Metropole on the Idex site.
I also tried searching also on the departmental Nouvelle-Aquitaine.Fr website, but was unable to access this page, and on the Gaz Réseau Distribution France (GRDF.Fr) website who were on the panel involved in awarding the project. Nothing.

Nothing came up on a general search either with various different keywords used other than links to UK publications which mirror the RNS.
Of course, it could just be my French, although most of the sites do have English language versions too.
Has anyone been able to find out any more than we have already been told about this project?
I know it is only just announced, but it seems strange that the key partners seem to make no mention of it from what I can see, although the only reference on the EQTEC website in the RNS, so perhaps it is just a case of glacial updating of current news that seems endemic on corporate websites.

I hope we get some more detail on this in the FY results in 2 weeks' time as part of an operational update. We will hopefully get some news on the feasibility study on the Gardanne-Meyreuil opportunity too, although results expected in H1 so perhaps too early for anything definitive.

Keep up the good posts Laverda.
Not been here long personally, but you seem to have your feet on the ground more than most.

In my experience on these boards (circa 6 years) it is invariably the ones loudly shouting 'long and strong' or 'hold onto those golden tickets' and who decry anyone for selling, or trading, who are in fact trading in the background. They always out themselves eventually and then try and defend themselves by claiming everyone does it and it makes sense, or they simply disappear having drawn others in with high SP targets and ensuring they get out below them.
Just going by past experiences on a dozen other boards, not talking about here, but it will be going on.
.
Like many, I foresee a spike here on receipt of the cash. It is expected news though, so maybe it will not go as high as some think. It is not as simple as saying we are worth 'X; now, so the cash will make us worth 'X+Y', but after that, it will all be about delivery and the market will start to judge KOD on results rather than potential.

I have seen from other similar shares in this and other sectors that the different types of 'standard' valuation metrics do not really apply, one way never seems to fit better than another, nor do comparisons with other 'similar' companies, or looking at past SP highs and saying it got here on 'X' so must be worth more now. Useful as a guide perhaps, but hype and sentiment can distort the view, and the potential SP range is likely to be pretty wide, so I will not look to make any predictions (I do tend to be more conservative in any case).

Not one company on here is the same, a lot is hype and sentiment driven at the outset, or sector driven, but eventually it all comes down to delivery.
Once cash is received, hopefully confirmed in the next week, the market will then be looking for delivery within the scheduled timescales and at production levels anticipated.

Although I am excited for the next 12-18 months here, it is tempered a bit by my strategy of taking gains to keep my portfolio within strict limits. As such, I have already taken some profits here, and will likely do so again in the short term if the current SP trend continues. I would not look to buy back once profits are banked, as I may have done in the past.

Having been burnt elsewhere in the last couple of years, this change of strategy works for me. Yes, I will likely miss out on those 'big' returns for holding, but I will get returns, and happy to leave profits for others.
I appreciate that everyone has different strategies, risk appetites, time horizons, etc and mine have certainly changed over the years.
Not a frequent poster, and not one to talk a share up or down either.
Having said that, KOD is not a one-trick pony gambling on resources in just a single project.
Good luck to everyone here - DYOR and hopefully we get the funding news next week. The recent tweets suggest all is looking good on that front

The mcap does not predict bankruptcy, imo and I also do not think that any small news will move this significantly.
What will move this is certainly on cash flow and confirmation of pipeline projects going live.

I also do not think that news is being held back for the results, it would just be good to have a current status with timelines in order to be able to track progress over the remainder of this year.

I have said previously that I expected 2022 to be a year of delivery. Given how that went, it is imperative that 2023 does not go the same way.
Expecting financial closures and delivery on multiple fronts, otherwise the future will start to look bleak here, regardless of the potential.
gla

Not sure it's going to be a solid FY report, but it will be a welcome update if we are given a progress report on all current operations.

And to see how cash is looking.

I did not click the date when they announced it.
Releasing this on a Friday ahead of a long coronation weekend does seem like they may be trying to bury bad news. Hope not.
gla

Presume it is a comparison to show what all of the MM's are offering for the same number of shares

Although 'large' for a PI, they are hardly big trades in the grand sheme of things.
I'm more interested in seeing the recent uplift in daily volumes continuing.
gla