The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
...and as if on cue, the SP drops.
David6576 knows exactly what he is attempting (with his brand new account created 9 days ago). It's just not at all effective.
He's been trying his little best (bless him) to ramp here, despite being laughably bad at it. Fortunately for readers/posters, he seems to have moved onto trying to ramp GST.
Only if there's been net cash available to do so (which there hasn't). From memory, PF was still owed about £5m, last time ANGS reported on this.
Aaah, the "major joining in for gas storage" schtick is dragged out of the fairytale box again. There's zero evidence for this, apart from one flaky reference from the company... and we all know how reliable anything ANGS has ever assured (let alone only hinted) inevitably turns out to be.
Mind you, no surprise that the increasingly desperate cheerleaders are having to resort to 'jam tomorrow... honest!" fairytale, because the actual, factual reality of the state of play at ANGS has been growing ever more depressingly bleak for years, let alone months.
OP, if the £20m global refinancing ever gets agreed, I don't expect ANGS will (or even could) fully pay off PF. Leaving themselves with just £3m would be nowhere near enough to cover the expenditure the company needs to lay out just in an effort to stand still at SFBY from a production point of view.
However, you are bang on right to point out that it's the detailed terms of the apparently elusive refinancing that are literally crucial. What will Mercuria demand in exchange for agreeing to the unrolling of the remaining existing hedge? When does its 8% levy on all gross field revenues for eternity kick in? What cap is Trafigura going to impose under its "fixed offtake agreement" on ANGS re the sales price of produced gas and for what percentage of monthly production?
10 days to go before yet another costly extension is needed on the £6m junior loan...
For the last approx 7 years to date at least, those who "do not have a bean invested" in CTAG can hardly be called "stupid people".
Yes, but given this from the last RNS:-
" Accordingly, Aleph Finance Limited has agreed to an extension of the Bridge Loan for one month until 19th February 2024, for a fee of 1%, which is proportionate to the fee paid for the previous extension of the loan in October 2023."
...presumably either ANGS will have to pay Aleph c. £7m in full on Feb 19th, or Aleph will have to agree to a further (chargeable) extension. Charges seem to be £60k per extra 30 days needed, so far at least.
"Talking crap", eh?
Please point out one single factual inaccuracy in my post, BV.
You of course won't be able to, because every word is pure and easily evidenced fact. And that's because, utterly unlike yourself, I prefer reality, rather than delusion.
So again... what have I stated that's incorrect or untrue? Be specific... it's not a long post to check.
(time for you to get into a tizzy and revert to playground insult, I imagine, instead of offering an answer. How dull...)
...time for the blinkered cheerleaders to average down. Yet again. For the hundredth time.
Eleven days to go before the twice extended second £6m "short-term" loan is due for full repayment (including c. £1m of interest).
Now... where's that elusive global refinancing package - and exactly what is it going to cost ANGS, a company with a current total MCap of c. £14.5m to replace the existing c. £17m of debt and other already contracted-to obligations with £20m of new debt? Stay tuned.
Why would they be? Nobody else is.
As for claims about ANGS and its cashflow, ANGS is currently desperately having to seek refinancing of £20m to cover its existing and imminently due debts, precisely none of which is seems to have been able to reduce out of its supposedly positive cashflow. I wouldn't go looking to it to acquire any interest in Loxley, especially since it has three of its own alleged "assets" having done absolutely nothing for years, due to it not having any funds to see if these can produce anything.
10:10pm is a "late night"?
Well I suppose it's obviously past someone's bedtime... which would explain a lot.
Hats off to you, dougb.
The allegation that in attempting to get the SFO interested in what is at best an unrelieved tissue of lies, you have single-handedly put the mockers on there being any chance of a payout, is laughable in the extreme.
Speaking of constant tripe....
Hopefully most people have ignored the constant tripe from those assuring over the last several years that ANGS is just a fantastic investment opportunity in which to put one's money.
As the SP sits at yet another 52 week low, cold hard reality would unmistakably evidence entirely otherwise.
But hey, you keep on averaging down, BV.
I think most rational people would state that the only genuinely scary thing is the SP trajectory, despite all the frantic assurances from the increasingly desperate cheerleaders.
13 days to go until the second extension to the 2nd £6m junior loan runs out. If it gets agreed, the detailed terms of the much-delayed £20m replacement global refinancing are going to be worth a very close look, that's for sure.
That's very much a coin with two sides, because if this continues to not happen, some posters on here are going to look equally stupid.
Another stellar opportunity for you to average down, BV. Yet again.
One cannot help but wonder where the floor for the SP is?
.
Yes, spoken words are much less liable to come back and bite people, compared to written ones in black and white that can be referred to and pointed at later. Not a surprise.
I'm interested in seeing these allegedly "excellent" terms.
Aah, Mystic Meg is back with his crystal ball... the mysterious alleged "O&G major" that's going to be joining ANGS "shortly" for gas storage....
Shortly, eh? Strange, that. I thought for the foreseeable future that ANGS was going to try its best (hopefully) to get gas out of Saltfleetby, rather than putting gas in?
The daily output figures are meaningful.
However, Singhie's future SP predictions are provably no more accurate than throwing darts at a dartboard, while riding a unicycle blindfold.
Twisted, sickening, but surely no surprise, given his very lengthy and literally undeviating record of permanent falsehood and total non-delivery.
Presumably this latest piece of nonsense is the straw that's finally broken the most optimistic of camels' backs and the eternally moving line in the sand has finally been crossed...
Hubba? Helx?