Don't get carried out
Dilution and more equity release means the value I'm after is around these figures:
Saltfleeby Gas Project £40-50m entirely
Company itself £37m taking our share of Saltfleeby
With potentially 1300m shares in issue thats 2.85p
So let's see... Any drop in this offer period may get bought into
RNSs will be regular on traders and news now IMO.
0.80p starting base not 0.90p
Brokers like WH don't hold shares as RNS shows that's VERY INTERESTING
WHICH BROKER HAS LOADS?
WILL FIND OUT.
MASSIVE VALUE PLAY
NEED 1.1-1.55p Broken
Fascinating
I think theres some compelling links and interactions with SEL AAOG and ANGS
Hedge is fixed for 3 years but can be negotiated /broken as Angus stated on their website Q&A. That would incur a mark up /charge but those with deep pockets could come to an amicable agreement as spot prices arent a guarantee etc.
Where next... ANGS shareholders have been diluted persistently to get this moving but convenient supplier delays (really?) have ensured things moved slower than I assumed on a poxy small time engineering project.
So what is the next move?!
Saltfleeby gas worth a fair fortune now!
Key part of RNS
This valuation mismatch, also experienced by many other smaller energy companies, has resulted in a series of approaches with interest in, and in one instance an indicative non-binding offer for, some or all of the Company's 51% interest in the Saltfleetby Gas Field asset which is under consideration. Additionally, the Board has received indications that certain parties may be interested in making an offer for the Company.
Don't forget
Saltfleeby Gas Project non binding indicative offer under consideration
https://twitter.com/zopelyforver/status/1479450853585076228