RE: OUTPUT DATA 10.12.202312 Dec 2023 13:25
I'm guessing that by "crap", BV must mean "things that are untrue"...
Here are some facts.
1. Over the last 30 days, daily production has averaged 72,740 therms, giving an expected average monthly total of under 2.2 million therms. A fair bit less than ANGS's most recent forecast of 2.7 million therms a month.
2. The first £3m junior loan plus eyewateringly high interest was as we know converted into shares - despite the company saying that it was choosing to take out loans because that was better for shareholders than diluting via placing (even though that's pretty much exactly what it did).
3. The second £6m junior loan becomes fully repayable in January. It remains to be seen if this will be repaid in cash or if ANGSA will again issue more dilutative confetti to clear this off the books.
4. Related to the above and giving ANGS the possibility to pay off that c £7m liability in cash next month, there has been no update on any replacement global financing, despite ANGS recently saying that this has become easier to negotiate.
5. All natural gas futures pricing is now sharply off higher levels of a month or two ago and now stand at sub 90p per therm.
All very easily verifiable facts, and not "crap", I'm afraid.
BV will of course be virulently allergic to these and so will be along as quick as his little legs can carry him with some playground insults, some made-up stuff and some other attempts to smokescreen...