Member Info for HeadInTheSand

More made-up myths from BV... again, how predictable.

It would be nice if some here understood the meaning of the word "earning ".

And like clockwork, as predicted...

Phil, in case you haven't worked it out, BV, this bulletin board's resident company PR man, will instantly accuse anyone with a less than glowingly positive opinion of ANGS of being a multi-ID troll.

As we all know, very easily and instantly verifiable history shows exactly how well or badly this share has done over recent months and years. So BV has to rely on making stuff up and playground insults in his desperate efforts to polish ANGS, in the face of all those evidenced facts... It's all he's got.

There's at least one on every board...

It's a good and important question.

The average monthly production volumes that ANGS recently stated it expected amounted to c. 2.7 million therms a month. However over the last week or so, their average daily production gives rise to a monthly production of c. 2.1 million therms a month.

What with the current price of gas (c. 114p per therm) and current hedge commitments. that 2.1 million therms a month production figure gives rise to post-hedge monthly revenues (NB Tony - revenues, not earnings) of £1.38 million, rather than the £2 million that some have been claiming.

There's a marked assumption here that 1984Investor is actually a genuine investor...

Tony, first and foremost I am aware of the difference between revenues and earnings.

Secondly, I am also aware of how current reduced production is affecting current generated revenues. As I clearly stated, should production return to the hoped-for c. 2.7 million therms per month, then monthly revenues (but not earnings) would in hand return to the c. £2 million per month levels, post hedge settlement.

"Earning £6 million a quarter"... not really.

Currently, post hedge commitments, ANGS seems to be generating revenues (NB revenues, not earnings) of around £1.65 million a month at current gas pricing and production levels. If production returns to what one would hope is "normal" levels of c. 2.7 million therms a month, then that would indeed give a monthly revenue figure of £2 million.

However, out of those generated revenues it (needless to say) needs to pay its field-specific OPEX costs, its general G&A costs and in particular its financing costs.

"... so you will need to provide your name, address, contact details and bank details."

Rock and a hard place.

A whole heap of short-term cash needed in Jan to meet already incurred liabilities, but over-rev field production and that'll then make things worse in the short-to mid-term.

Where oh where is that alleged replacement global financing (which probably won't be much cheaper - if at all - but which would give ANGS the time it needs).

The bears have been correct all along. Every single time. The sole question is, are they also correct this time?

I reckon we need a countdown clock on the website...

(The clever money says it's going to need an awful lot of digits).

Au contraire. Those with a less than positive opinion on CTAG have got absolutely everything right to date.

As the cheerleaders know (and rely on), it is impossible to be right about an event that hasn't happened yet.

Delisted, not demister.

Hubba asks for evidence to prove that the alleged deal is not real...

Of course he does, because he knows that none will be forthcoming. He and his ilk know that it is literally and logically impossible to prove a negative - and this is what the cheerleaders rely on.

There is of course a literal mountain of evidence that categorically proves that everything Amit has promised and assured in the past has turned out to be utterly false - but strictly speaking, that dismal Pinocchio record doesn't disprove this latest assurance.

If Amit's latest statement is true (and it'd be for the first time ever) then as today is the last working day of the week commencing 13th November, the alleged agent should have contacted all brokers by close of business. Let's see if that happens. As to those holding share certificates directly, it remains difficult to work out how they're going to get their alleged payouts, especially if they were sent their share certs by a broker nominee once CTAG demister (as many were).

Insurmountable? Agreed, IMO it's not. Unaffordable? Well... that's a different and more complex matter, given the company's current, large and looming short-term liabilities.https://www.lse.co.uk/ShareChat.html?ShareTicker=ANGS&share=Angus-Energy&thread=A97BA0EF-2A45-4A31-B18B-8CF58749F791&reply=true#posting-rules

As stated previously, it's abundantly clear that nominee brokers are by now (courtesy of multiple contacts from PIs) well aware of Amit's latest set of assurances as featured on the CTAG website.

Unfortunately it's equally abundantly clear that Amit and CTAG have to date remained in complete radio silence as far as said brokers are concerned as well.

And so the wait goes on... it was ever thus.

"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.