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BV, what an odd post. A couple of things.
I wasn't posting an excuse - and don't see what there is to excuse. My post was a pure statement of facts - you know, those things you're violently allergic to acknowledging.
You say "I don't ramp but support the company that I invest in through good or bad times." Strange, since according to your multiple posts over the last many months, there simply haven't been any "bad times".
Finally ANGS is a choice for investment or not, and not a football team (I say that because you seem to have adopted a fanatical footie fan mentality on the company). So to normal-thinking peop[le, supporting a company would involve posting "I think ANGS is a good investment because (add facts here)". It does not involve posting "ANGS is the best thing since sliced bread and anyone saying different is a complete ****." That's just infantile.
Finally, I only post on companies that interest me and whereas I may discuss my personal position on those with people I have a level of respect for because they can add something to any debate, that for brutally obvious reasons wouldn't include yourself.
BV you have been relentlessly pumping ANGS for months and months with no justification despite all the easily verified evidence to the contrary, with almost zero posts on any other company.
Fair enough, if that's what floats your boat, I suppose. However, it remains an immediately verifiable fact that the ANGS SP has fallen by over 75% over the last year.
So as to what that makes you, together with anyone unfortunate enough to have listened to and acted upon your non-stop and substance-free blinkered cheerleading? Well, people can come up with their own most apt descriptions.
....aaaand there it is. BV's kneejerk and undeviating refusal to address very easily auditable facts.
Do whatever you like... but I doubt that ignoring reality is a particularly smart approach to take.
Howey, hi there. For what it's worth, most people and yes, even myself included) expected at least some sort of a re-rate following news of an entirely successful (i.e. production doubling) sidetrack, even if that was considerably late and considerably over budget.
In hindsight (always an exact science, of course), what's slammed the ANGS SP into reverse gear are indeed the funding issues you mention. Bear in mid that the sidetrack's success got announced in May... but then at the end of June, the HY report revealed that ANGS had next to no cash left as of Mar 31st (c. £200k, but topped up last minute with the rapidly arranged first £3m Wonga short-term loan) and that, despite assurances given when it carried out the XMas 22 £7m megaplacing, it STILL hadn't paid off the c. £3.4 million missed hedge shortfall (hence the equally rapidly arranged second £6m Wonga short-term loan).
Such info finally coming to light would put the kybosh on any company's SP, and especially when considered against other already incurred debts/liabilities needing repaying (ongoing staged capital plus interest payments on the remainder of the original £12m loan and ongoing staged payments to PF for the acquisition).
Keep your fingers crossed for a total refinancing package from some party or other - even though that too will be very costly, that might change things for the better by giving ANGS more time in which to produce gas and thus generate revenue.
What's not to like? The significant assumptions that Singhie's plugged into his spreadsheet, that's what.
If you look back at Singhie's numerous previous future SP predictions, you'll see that he keeps having to adjust them downwards as time goes by and/or previously undisclosed info finally sees the light of day.
For example, here's what his spreadsheet spat out just 4 months ago...
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Nov-23 2.4683
Dec-23 2.9449
Jan-24 3.3318
Feb-24 3.7423
Mar-24 4.1258
Apr-24 4.4572
May-24 4.5004
Jun-24 4.5349
Sure... but why is this news?
ANGS is producing somewhere between 2.7 and 2.85 million therms a month and has been since May/Jun. No monthly hedged volume has ever been near that quantity.
The issue is not whether ANGS can meet its hedge commitments. The issue is, given the gating factor that ANGS has on its generatable revenues courtesy of the ongoing hedge commitments, can it meet its other short-term debts and liabilities?
As of right now, and as per its own RNSes on the subject, ANGS has to shell out £9.6 million to pay off the two junior loans by the end of this month, unless it extends the second of those (the £6m one, which it announced it could do by a further 3 months at an additional cost of £300k), or unless it gets new permission to extend both, or unless it gets some sort of replacement financing deal sorted out within the next 11 days.
Unfortunately, any further delays and only some will know it's codswallop.
You can bet your last dollar that for a very small selection of reasons (and I can think of only two), there will still be some here posting about riches still being just around the next corner (honest!) with Amit and CTAG.
But hey, it's an allegedly free world, so whatever floats people's particular boats...
BV, you've never given a reasonable answer period.
Another playground insult - there's irony.
BV, I think it's clear to anyone and everyone who's behaving and posting in an infantile fashion.
BV, I don't like to see any genuine PI lose money. Whether that category includes yourself is distinctly dubious.
As to my personal cash position? I'd suggest that you pay far closer attention to the shrinking value of your holdings, rather than make wild guesses about others.
What's the level of the ANGS SP decline now, since the successful and production-doubling sidetrack got announced on Apr 18th? A fall of around 63%, by the looks of things.
Entirely up to you of course, but you might wish to ask yourself why and look at some actual facts underpinning that sharp fall, rather than just insulting those whose opinion doesn't match with your fanatically cheerleading own.
Surprised you've got time to post, BV? Shouldn't you be averaging down again?
SB, easy.
BV has no counter arguments, nor can he have, because of clear and easily verifiable facts (things which as has been apparent for months and months he is virulently allergic to). But he feels he needs to respond in an effort to keep the cheerleading going, so since he cannot come up with any fact-based counter-argument, he resorts to yawn-inspiring playground ad hominem insult.
Very true, but it made for a great light show.
no sign of honesty as usual... but equally as usual, no sign of adrian's latest id any more either.
so that'll be 12 hours of peace before he creates yet another new id, then.
thing with adrian is that he's so depressingly obvious when it comes to his posts. however his predictability has a major upside at least. give him a friday night with a newly created id and he'll invariably hammer the special brew too hard, post ever more increasingly incoherently and co****ly and promptly get himself banned.
he's every bit as predictable as the ukog sp trend.
BV the hedge still persists until 2025. It also didn't get renegotiated back in Q3 last year (despite the company saying it would be), hence the painful £3.3m shortfall payment that had to be made in July this year (which was the reason for the second £6m junior loan).
As for anything GL ever said, no matter how confidently? Very little of that ever turned out to be even faintly true, once cols, hard reality became visible.
However, I hope for its own sake that ANGS gets replacement financing from one party or another, to give it more time to generate revenues to pay off debt and other liabilities.
BV, neither the global replacement finance nor the second finance negotiations are truths of any sort or to any degree at the moment, simply because neither currently exist.
They're merely alleged possibles (much like the "formal sales process" of early 2022) that may come to pass... or may come to nothing (like the FSP).
Singhie's ever-changing future SP predictor (seemingly spat out a spreadsheet that's been created by Hans Christian Andersen, if its wildly over-optimistic past predictions of SP levels are anything to go by) is currently showing that ANGS will deliver a bag by Feb 24...
Sadly, I think Singhie is yet again going to be disappointed, unless that replacement global financing is secured,
Holy heck! That's almost veiled criticism from Ocebot!
You know that UKOG must be at death's door when even Sando's longest-standing and most blinkeredly faithful promoting disciple posts something almost negative...
Something certainly smells, that's for sure.
There's no point asking. It's logically impossible to prove a negative.