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Good to know John thanks. Are we due an update in May?
And a nice quiet day on the board which is good to see.
The goon squad will be back though ;-)
starbright
it was following on from what Singhie said in his post, I assumed it relates to what a realistic offer price might be
'Even if a prospective buyer values the Gas deposits at Saltfleetby as GB£ 200,000,000 and then deduct GB£30,000,000 for any outstanding loans and interest and other debt obligations then divide the remaining GB£170,000,000, by 3,450,000,000 Shares in circulation a share price of £0.049275 is not unreasonable'
All the attention is quite rightly on the sidetrack success but then Singhie mentions something that I was also pondering myself.
Angus was a takeover target last year so why wouldn’t we be target again this year?
The mid term investment case is for me very strong now.
And Angus have done all the hard work in achieving access to a spectacular gas field.
Takeover approach incoming even with 3.5 billion shares in issue?
Its always worth re-reading the literature on Marsfontein only to reminded of the revenue - $246 million.
But although Thorny River is estimated to be twice the size of Marsfontein are the grades sampled as impressive?
I'm not sure they are? The reason I ask is because with a 15% carry and 25% on special stones how much realistically is Thorny River going to be worth to BOD?
Not be dampen spirits of course but I always hoped we'd mine TR and reap ALL the reward.
I think that's why I'm leaning towards a buy-out tbh
799 - a superb summing up.
I’m invested here to a level I’m comfortable at about 900k shares.
But if ANGS comes good I’ll be buying again for the final time. But ONLY if Angs comes good.
I do believe that in less than 12 months the price (as 799 says) will be unrecognisable.
And I’d go as far to say the company won’t exist as it’ll have been swallowed whole by a big player.
All the ducks are almost lined up. And we’re all on the inside :-)
dummy trades are showing
251.6 to buy
245.6 sell
So I suspect LSE isn't getting it all correct tbh. But the big trade at 258p is well above the ask :-)
Yes your petition isn’t going to make a fart of difference.
No one is being forced to invest in AIM.
It’s a personal choice.
Very tight spread on dummy trading
Buy price 245.3
Sell price 244.1
Move towards 260 resistance approaching me thinks
It’ll be £5 before you know it BSR ;-)
And yes I know I’m being fanciful!
And full ask just paid.
Let’s see if we can scramble to £2.50 on the ask . . .
Yes good posts SM
Debt isn’t a big issue for me tbh.
And the increase in debt was completely necessary and almost unavoidable