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"It’s come from the haim himself in writing everone is getting paid the 50mil 5 weeks, end off"...
Sorry, but for anyone to rely on anything Amit's said as being cast-iron gospel truth is by this late stage unutterably bizarre. Amit has stated many, many things in the past in writing, whether by social media, email, website or RNS - and to date, literally every single one of those statements in writing has turned out to be just plain false.
Of course this doesn't inevitably mean that this time, his latest statement in writing is also going to be a pack of lies like all the other ones... but it categorically cannot be relied upon.
As to contacting one's broker... why not? Amongst other things, brokers act as nominee agents for PIs, for which they get paid a slice. - and as a paid agent, whoever has paid them that slice has every right to contact said broker as much as they see fit to.
As to whether such contact will result in anything useful is another matter. It seems that the brokers are every bit as much in the dark as everyone else, so it is true that the world in general has no choice but to wait to see if Amit and Cloudtag are finally telling the truth this time. For the first time ever.
Cash is indeed king.
Sadly the issue for ANGS has always been that, due to its at best massively overoptimistic estimations of costs and timescales, it's never had enough of that. Bear in mind that towards the end of March this year, it had just £250k in the bank. Which is precisely why it had to take on all that credit card rate debt... and £7m of that becomes payable in just over two months' time. Along with the next presumably £1m instalment to Paul Forrest.
Of course, both the lender and PF might choose to accept literal bucketloads of newly issued confetti in lieu, as they each did last time...
Conrad, I should hope so (and that was brave of you. Or foolhardy. Depending on how things turn out).
But I was actually wondering if there'd been any transactions between PIs, rather than with the company directly.
Agreed.
That licence application from Kemexon is a significant find, especially given their sizeable percentile holding, with potentially a lot more new paper to come their way in January, either courtesy of confetti needing to be used to pay back the £7m owed on the 2nd junior loan, or courtesy of whatever terms may get struck on the currently notably absent replacement global financing package.
I have to admit that the strongest thing (actually it's the only thing ever, but still, it's a strong one) indicating that this just might come to a positive resolution is that Amit has painted himself into a corner more than ever before... and if he doesn't deliver (for the first time ever) on this particular assurance, that'd be him eternally branded as the fraud that all available evidence to date has pointed towards him being.
I don't believe that any investment platform has yet received any comms of any kind from CTAG - and certainly no specific ones detailing how alleged funds will be dispensed and via which parties. However, I am sure that any investment platform that held CTAG shares as nominees on behalf of investors are by now fully aware of what has been alleged on the CTAG website... if only because they'll all have received numerous emails from PI holders.
Supposing this were genuine for a minute, I am not at all sure how those actually holding certificates would be dealt with, and especially if said certificates had been issued to holders by an investment platform (as some have), following CTAG's delisting all those years ago. Hopefully those investment platforms have still got the relevant records?
And if there's been any private trading between individuals of CTAG shares since delist? That strikes me as nigh on impossible to prove genuine ownership of any shares.
Someone clearly doesn't understand the meaning of the word "fact"...
The cheerleaders used to try to assure everyone that PF was a "safe pair of hands "... because he was "an insider with knowledge of the real value of Saltfleetby"...
...right up until he started to flog off hundreds of millions of shares.
Aberdeenman's back. Now where's my Abman bingo card?
As is abundantly clear to anyone with even the most cursory knowledge of the AIM market, the FCA sadly tolerates anything and everything.
...except I'd bet that HL has been snowed under by requests for info from CTAH holders they act as nominees for.
If nothing else, that will have alerted them as to the existence and nature of Amit's latest set of assurances.
Amusingly, you never fail to disappoint, BV.
Again the myth about being paid to post. Make up your mind.... I thought I was a green activist? Or a member of the Russian intelligence services? There have been so many bizarre assertions from you that it's hard to keep track.
As to "mug punters"? Looking at cold, hard facts (you know, those things you're violently allergic to and so would prefer to entirely ignore), I would suggest that anyone who has been dumb enough to buy into the endless assurances of jam tomorrow that you've been squeaking out at the top of your voice for months and months, could indeed fairly be called a "mug punter". The SP is (again) at a 52 week low, you know...
As to why it is at this level, those with a modicum of logic and rationality worked that out long ago. And explained why. With factual evidence.
But hey, you keep averaging down to your heart's content, there's a good little chap. I just hope there aren't too many who have bought into to your ramptastic nonsense over the last few years and who find themselves in the same unpleasant boat as you.
For the record, I don't wish for any genuine PI to lose money - and that inevitably even includes intellectually disadvantaged, playground insult-loving, disingenuous individuals with no manners, such as BV (that is, presuming he is genuine).
As the ANGS SP sits at a 52 week low (again), I'm simply commenting upon provable facts and reality, which remains stubbornly very different - in fact antithetical - from the rosy picture the likes of BV frantically try to convince others of, as they frantically wave their pompoms.
...for BV again today. Yet another stellar opportunity to average down.
Odins, foreign secretary. Hardly a man with a backbone (and as you say, one with a porcine tryst in his personal history).
But compared to either of those two sociopathic rabid harpies, absolutely yes.
Agreed it's good news that she's out (but bizarre that spaghetti-spined Call Me Dave got given the hat).
However, there's no way that I'd want the likes of Swella B and Pritti Patel (the Tory party's equivalent of Stalin and Pol Pot) anywhere near the reins of government.
Can't see what the confusion's about?
As far as has been announced, the last time PF sold was in April, when he sold 107.75 million shares, reducing his percentage holding down to 375.6 million shares, which was 10.46% of the shares in issue at that time (as per the RNS of 21st April this year).
The number of shares in issue has now increased to 4.142 billion. PF's number of shares seemingly remains the same at 375.6 million, which is indeed 9.07% of the total shares currently in issue.
It remains to be seen what will happen in January.
BV displaying his lack of intellectual chops (yet again).
Never mind BV. You keep ignoring the facts and averaging down, there's a good little chap.
As has been said, the issue isn't so much with the asset (c. 2.7 million therms a month of production, which okay will decline over time as the field depletes, but that's not too shabby at all).
It's with a) the size and nature of the financing apparently required to get to this position and b) the gross incompetence (or downright mendacity) of the ANGS board in repeatedly massively undercalling estimates of how much cash was needed (and the timescales involved in finally getting to production).
It's not so much the amount of debt that ANGS is carrying (c. £6m plus interest on the senior loan, payable by Jun 25, c. £7m on the 2nd junior loan, payable by end Jan 24, and c. £5m to Forrest, payable in swathes running up to end Jun 25). It's the both the maturation period and cost of said debts.
As we know, ANGS had next to no cash left at the end of March (£250k, which they just managed to bump up very hurriedly by £3m with the first junior credit card loan). It now needs to either get its replacement global refinancing sorted out before the £7m now owed on the second junior credit card loan becomes repayable in less than 3 months' time, or come up with £7m in cash, or it'll issue over a billion extra shares in lieu of repayment, should the lender agree, On top of that, PF is going to be due at least another £1m in January as well...
In order to have a chance of providing any sort of return for retail PIs, ANGS needs to buy itself time in which to produce, hence the hoped-for replacement finance package. To date, all it's effectively done is the corporate equivalent of financing itself with ever-increasing and ever more expensive credit card debts (while being at best decidedly and repeatedly less than candid on its undoubted need to do so - see below).
"We're raising £7m this Xmas to pay off the missed hedges!" Bzzzt. The cash got raised but no repayments were made.
"We're borrowing, because it's better for holders than dilution!" Bzzzt. That first £3m loan plus costs got repaid in shedloads of dilutative extra shares.
It's way past time for this company to start being truthful. It'd help.
I beg to differ.
Forget "any rational thinking outsider". Frankly, upon taking the briefest of looks at the company's history and its CEO's much-repeated track record of being virulently allergic to the truth, anyone with an IQ bigger than their shoesize would definitively not be filled with warm and fuzzy positive feelings.
Schlomo Ben Haim is clearly a shrewd operator and smart cookie. His brother? Really not so much.