Member Info for HeadInTheSand

It doesn't make much sense, does it? The two actual and very recent indicators are:-

1. The Forum deal, where its 49% of Saltfleetby was sold for just over £14 million - £6.5 million in cash and (currently) 28% of the entirety of ANGS in shares worth just over £8 million. That latter part suggests a valuation for ANGS the company of around £28.8 million. Or as the Forum percentage will fall to 24.9% when/if the second Aleph placing is done, that figure would rise to £32 million.

2. What Aleph decided 12% of the company was worth was £3 million. That suggests a valuation of £25 million. Or if the second placing with Aleph goes ahead, that'd put a valuation of c. £30 million on the company.

Let's take the topside figure of £32 million and divide that by the 2,857 million shares that would be in issue if the second Aleph deal goes ahead. By my reckoning, that would give 1.12p per share.

BV, you say: "HITS don't worry your little head, i'm sure there are plenty of shares for you to buy."

Absolutely right. I could not agree with you more whole-heartedly.

I note with no surprise that ScarletVixen is determinedly avoiding the question as to what happened to the other 109 million shares that Aleph just bought. Others may be more questioning.

Tradedesk, StockFlyer, Sharebel... the usual crew.

Wonder if Aleph's looking to offload more than the 40% of that 273 million shares that they seem to have already done, hence the increased BB activity?

But if you want to talk about a party that actually has bought in (to the tune of £3 million for 273 million shares), there's always Aleph.

But then again, according to the updated ANGS website info on major investors, Aleph seems to have already parted with 40% of those shares, since it's only reported as having 164 million shares.

SV, Sharebel tried to present the acquisition of 27.9% of ANGS as some sort of massive buy-in confidence.

I merely pointed out that the 27.9% of ANGS just acquired by FESL wasn't a buy-in at all... it was in fact a sell-out of its interest in Saltfleetby (together with the £6.5 million of cash its due to get from ANGS)..

That's not a repetition, but a correction.

Feel free, SV. All I'm doing is pointing out facts as per the recent RNS, as compared to the misinformation (deliberate or otherwise) spouted by others.

Interesting that facts and truth can be seen by you as "disruptive" and signs of "hatred and bitterness". Facts are just facts...

Stockbob.

None of Aleph's 273 million shares they're already meant to have are "locked in" (which may well explain why they're only reporting having 164 million shares - 109 million shares have "gone missing").

And none of the second swathe of 273 million shares that Aleph is meant to be getting in exchange for the 2nd tranche of £3 million (subject to shareholder approval) will be locked in either.

As for the completely separate matter of FESL and its 637 million shares? 91 million are not locked in, and 546 million are for up to 15 months.

Geez.

FESL DID NOT BUY buy a 27% stake in ANGS. They SOLD their 49% share in Saltfleetby to ANGS for 637 million shares and £6.5 million.

This truly is the most pathetic pf ramp misrepresentation attempts.

PS why has Aleph only got c 164 million shares in ANGS? They're meant to have 273 million...

Truly idiotic. No.

This is just the RNS confirming that FESL (who really aren't huge) have got their 637 million shares as the non-cash part of ANGS's acquisition of their 49% stake in Saltfleetby.

OnBeyondZebra, it's a (sort of) reasonable question - and one that I have answered before on more than one occasion.

I say "sort of", because as you may have noticed, it's all about how well laid-out, well evidenced and well-reasoned anyone's position is. Motivation is (to me anyway) entirely irrelevant because after all, facts are facts, regardless of who puts those facts forward.

I'd also underline what Nomlungu says below. There are an inordinate number of porky-pie tellers on bulletin boards like this, so stating the unprovable (like motivation) is pretty valueless IMO.

Having said that (and despite the usual chorus from the heavenly choir) I am absolutely not anti fossil fuels. Sure, I get that transitioning to a more carbon-free situation would be a good thing, but it is invariably going to take much longer than Governments are pretending. Half the reason we're in the cost of living crisis we find ourselves in now is because Western governments over the last decade or two have been completely unrealistic and enshrining policies to pander to the woke Greta vote - and that's demonstrably been ludicrous.

I have often said that I have paid for my right to comment on ANGS (not that I need to, nor was it a significant amount). My sole aim here is to lay out a reasoned and fact-based counterbalancing viewpoint in the face of the literal torrents of disingenuous and ramptastic nonsense - and as a reasonably well-researched ex-investor, hopefully that viewpoint may be of some use.

Personally I've always believed that well-evidenced counterviews are always the most useful of all - I've always found them so, as far as I am concerned.

Indeed. Definitely worth noting the wording George no doubt carefully chose.

Markedly different from his "Shareholders can expect..." phraseology of just a month or so ago...

Speaking of heaps of confetti...

This update from the ANGS webdsite on major holders:-

"The issued share capital of Angus Energy plc consists of 2,283,650,514 Ordinary Shares of £0.002 each with voting rights. No Shares are held in treasury. Therefore, the total number of voting rights in Angus Energy is 2,283,650,514."

Forum Energy Services Limited 27.9% (That's around 637 million shares, which stacks up exactly as per the recent RNS)

Aleph Fin C Limited 7.19% (Hang on? That's only 164 million shares? The same RNS stated that 273 million shares were being placed with Aleph to raise £3 million in tranche 1 of the £6 million placing? Where's the other 109 million shares then?

So ust 30 days later is the start of the hedge.

Aleph seems to have felt that the entire company's worth around £30 million, given that it's in the process of buying what will turn out to be 21% of the expanded shares in issue for £6 million (I've obviously not counted the extra 170+ million warrants in that calculation).

On the subject of Aleph, the ANGS Web page detailing major investors has been updated... FEL is showing as holding the correct amount as per the acquisition RNS. But Aleph seems to be showing as over 100 million shares short? They should be holding 273 million shares or 12% right now... where have the other 100+ million shares they're meant to have received gone, then?

To add to Mirasol's questions

f) What's going to be the first full month of production?
g) What's the actual consistent monthly production of gas from the two existing wells going to turn out to be?
h) What's the estimated start date for the sidetrack attempt and how long is it estimated to take?

BV has a very simple and digital mindset.

According to him, praise ANGS blindly and eternally... and you're intelligent, upstanding, moral and /or a genuine investor.

Alternatively, raise any note of caution or doubt.... and you're thick, corrupt, evil and/or a green activist.

IMHO, deciding things are that black and white is a farcically simplistic and seriously deluded view of the world. It's the exact same mindset that any sort of fanatic or zealot holds.

George has recently and repeatedly stated that the loan (c. £14 million inc interest, and which doesn't need paying off until mid 2025) will be paid off in full by the end of the year out of revenues from Saltfleetby.

So if that assurance is in any way true, why not decide not to pay off the entire loan by year end, keep back £6 million for whatever purposes suddenly seem to be necessary and just let part of the loan run on for a few more months? Why bother raising £6 million and in doing so, causing such considerable and damaging dilution?

This makes literally no sense at all, in the light of George's recent assurances and projections.

What is amusing is "SteakBake's" pity party (while of course continuing to avoid the issue raised).

Separately, it's blindingly obvious that, when it comes to posters having seething abuse hurled in their direction and being targets of issue-dodging trite insult, it's really not those of a cheerleading disposition who have to put up with that.