Member Info for HeadInTheSand

Jaffy, that's an entirely sane and realistic view to hold.

Having said that, there are others posting here - and just possibly some genuine holders amongst them - who for whatever reason are STILL assuring anyone prepared to listen that riches are just an hour away.

And that sort of lunacy is likely to attract comment.

Being seasoned by senility introduces a class of people that Singhie is much in favour of, viz. his expressed undying admiration for that "progressive intellectual" heavyweight, Sleepy Joe "can someone tell me what decade it is?" Biden.

They've largely got the attention spans of goldfish, they think they have an undeniable human right never to be offended nor for anything even mildly unpleasant to happen to them. They're busily demanding that over 100 (a d counting) purely self-determined genders be legally recognised... oh and they all are certain that anyone involved in fossil fuel production is in league with Satan and should immediately be cancelled.

Yeah, let's let them decide. When you can't rely on the sane to deliver you the result you want, free the lunatics. Great idea.

Singhie's whole premise of trying to overturn a democratic vote decided upon by a majority is predicated upon his view that the nature of said electorate may have changed over the few intervening years, solely due to the passage of time.

What he's interminably baying for is for the same question to be asked repeatedly, until it produces a result that meshes with his centralist von der Leyen obsessional lovefest. Not exactly what one would call democratic but still, not an unusual tactic for the radicalised - the same tactic was much loved by Nicola "wee Jimmy Krankie... I'm not an embezzler, honest!" Sturgeon.

Nonetheless, there will be a grain of truth in what he's saying... not to the extent he claims, because the Brexit vote was on,y a few years ago, but still. Some older voters, more seasoned by reality, will have snuffed it and a number of dewy-eyed woke idealistas will have now reached voting age...

However, deciding to rely upon largely moronic and inexperienced 18-20 year old to define the future of the nation seems like a crushingly bad idea. By and large, they've all been indoctrinated throughout their education by Singhie's much-admired "progressive intellectuals" (aka hypocritical leftist Islingtonista failures), . As a result

The site is accessible for me too (not that it's going to matter).

However, yes pikeyK, there is no doubt that you are indeed "special"...

singhie, for the love of god, get off your monotone "progressive intellectual" (now there's an oxymoron) soapbox and try restricting yourself to making posts that are relevant to angs.

your zealot's views are by now beyond well-known and you're taken no more seriously than one of those swivel-eyed loons that wander the streets of london with a placard and a sandwich board ho****ly and eternally croaking that the end is nigh.

in fact, that's exactly what you should be doing, given that you have a clearly obsessional compulsion to preach. go and bore others' asses off for a change.

Singhie now says "...and now with the International World respecting President Biden and President Macron and Ursula Von Der Leyen"

He's obviously got more matching pyjama and duvet sets than I first suspected.

And in that definitively less than admirable triumvirate he includes Sleepy Joe as someone the world allegedly holds in respect??? An octogenarian who barely knows what decade it is, let alone day of the week?

Be careful what you wish for.

That interest rate has been known since ANGS took out the £12m loan. It's not suddenly looking high, it's always been high.

The first £3m junior loan (recently paid off with shares instead of cash) and the second £6m junior loan (still current) each have/had an even higher interest rate of SONIA + 15% (for reference, today, SONIA is over 5%).

Aaaah the halcyon days of Hans Christian Lucan's stewardship...

The man who stated repeatedly in answers to IQs that it would take maximum 7 weeks to drill the sidetrack and in doing so, shot company's own planning submission that it'd take up to 16 weeks down in flames (it ended up taking 25 weeks)...

The man who predicted in his legendary interview in Mar 22 that ANGS would produce £7 million of gas in Jun 22 (it didn't actually produce anything at all until 31st Aug)

The man who assured shareholders via RNS that the £7m Dec 22 megaplacing would be used to pay off "the majority, if not all" of the missed hedge charges (precisely none of these were paid off with funds from that placing)...

Yeah, he was a real paragon of accuracy and truthfulness that is sorely missed, I'm sure.

Hey RK.... I think the wished-for Holy Grail is pretty much bound to be of the Monty Python variety than the legendary chalice type.

Again, why oh why is there any expectation of final closure (one way or the other) by Friday? There is not a snowball's hope in the tropics of there being any definitive resolution.

Instead there'll be another cankicked vague future date in a badly worded website update, which the ever hopeful will yet again desperately seize on like drowning men clutching at straws and which the stooges will yet again brandish about like it's the most significant piece of news ever.

And so on... and so on... until (presumably) the eventual heat death of the universe.

Closure? Definitive resolution? Seriously guys?

It's for sure a nauseating image... but probably best not to talk too much about it, or we'll get umpteen posts from Singhie detailing his unhealthy level of Europaraphilia.

(The clever money says we'll get those anyway, because he needs precisely zero encouragement to sing the praises of his Brussels lube, but still...)

FFS BV, you're getting even more delusional if you think that I'm Singhie.

a) I've never cobbled together a spreadsheet that spewed out future SP predictions. As Singhie proves every day, to do so would be utterly pointless, which is why he has top keep revising his numbers.

b) Unlike Singhie, I don't have the Ursula Von Der Leyen matching pyjamas and duvet set.

That was a very short-lived spike, wasn't it? You've got to have eyes like a hawk and the reactions of a mongoose on amphetamines to be able to trade ANGS profitably.

What I'm not understanding is why there's any notion of any hard backstop?

If Amit kicks the can yet again (as he already has done countless times over the last several years), the hopeful - together with others posting equally relentlessly positively but with very different agendas - will simply seize upon whatever the next date is and carry on exactly as they have done for the last several years.

What's going to change if the line in the sand gets moved again for the umpteenth time (and IMO it's a racing certainty that it will be)? Nothing at all...

I think it's staggeringly unlikely that I'm the reason for the SP being at a 52 week low, BV.

But the current SP level strongly seems to show that the market is indeed afflicted by doubts - and if you want to know where the seeds of those doubts arise, look to the company itself.

KV, presumably your purported answer would revolve around contingency planning.

However, gaining the authority to issue up to 4.56 billion new shares (post the 516 million that Kemexon will be granted) is one helluva level of contingency, it being greater than the number of shares either currently in issue or indeed in issue after Kemexon has had its 516 million..

Three things:

1) The company *absolutely is* issuing shares for debt repayment. It's about to given Kemexon 516 million shares to pay off the first £3m junior loan.

2) The company "does not currently expect" to use shares to pay off Aleph's £6m junior loan in January. Plenty of wiggle room there.

3) If the company genuinely did not expect to have to pay Aleph off in shares in January, why is it *additionally* seeking the authority to issue *a further* 2.76 billion shares, *over and above* the 516 million it will definitely issue to Kemexon and the 1.8 billion it says it "currently does not expect" to issue to Aleph?

PS for those who can't work it out, the nominal value of ANGS shares is 0.2p (or £0.002, if you'd rather).

Therefore the £1,032,066 of nominal value ANGS wants to issue to pay off Kemexon's £3m = 516 million new shares as we knew.

Therefore the £3,600,000 of nominal value ANGS wants to issue to pay off Aleph's £6m = 1.8 billion new shares, again as we were told yesterday.

But then - and in addition - ANGS also wants the authority to additionally issue a further £5,523,857 of nominal value... and that equals authority to issue a further 2.76 billion shares.

Add that little lot together and the total authority being sought would entitle the company to issue over 5.077 billion new shares, of which 516 million it definitely will immediately authority is gained, and of which 1.8 billion it is very likely to issue in Jan next year.

Although the increasingly desperate pompom wavers would have everyone believe differently, there is in fact new news in this letter that was not detailed in yesterday's 2nd RNS.

It also reveals how many extra shares the board is seeking the authority to issue, over and above the 516 million it needs to pay off Kemexon's £3m junior loan and 1.8 billion it needs to pay off Aleph's £6m junior loan.

That info is contained in Note 1 of the letter. I suggest it's worth a read.