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Hats off to you, dougb.
The allegation that in attempting to get the SFO interested in what is at best an unrelieved tissue of lies, you have single-handedly put the mockers on there being any chance of a payout, is laughable in the extreme.
Speaking of constant tripe....
Hopefully most people have ignored the constant tripe from those assuring over the last several years that ANGS is just a fantastic investment opportunity in which to put one's money.
As the SP sits at yet another 52 week low, cold hard reality would unmistakably evidence entirely otherwise.
But hey, you keep on averaging down, BV.
I think most rational people would state that the only genuinely scary thing is the SP trajectory, despite all the frantic assurances from the increasingly desperate cheerleaders.
13 days to go until the second extension to the 2nd £6m junior loan runs out. If it gets agreed, the detailed terms of the much-delayed £20m replacement global refinancing are going to be worth a very close look, that's for sure.
That's very much a coin with two sides, because if this continues to not happen, some posters on here are going to look equally stupid.
Another stellar opportunity for you to average down, BV. Yet again.
One cannot help but wonder where the floor for the SP is?
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Yes, spoken words are much less liable to come back and bite people, compared to written ones in black and white that can be referred to and pointed at later. Not a surprise.
I'm interested in seeing these allegedly "excellent" terms.
Aah, Mystic Meg is back with his crystal ball... the mysterious alleged "O&G major" that's going to be joining ANGS "shortly" for gas storage....
Shortly, eh? Strange, that. I thought for the foreseeable future that ANGS was going to try its best (hopefully) to get gas out of Saltfleetby, rather than putting gas in?
The daily output figures are meaningful.
However, Singhie's future SP predictions are provably no more accurate than throwing darts at a dartboard, while riding a unicycle blindfold.
Twisted, sickening, but surely no surprise, given his very lengthy and literally undeviating record of permanent falsehood and total non-delivery.
Presumably this latest piece of nonsense is the straw that's finally broken the most optimistic of camels' backs and the eternally moving line in the sand has finally been crossed...
Hubba? Helx?
It's hardly an insult... it's a tad amusing, since it's specifically been BV who's kept banging on about mysterious alleged "major partners" over the last few weeks (in fact, ever since the SP hit new all-time lows and his usual attempts to polish the unpolishable looked even more tragic than usual).
You're apparently being too conservative, Barney. Onetomany is very recently on record as assuring one and all that the SP will be 1.5p by the end of March...
Two questions.
1) When's the replacement global financing going to be confirmed (with detail, so the real-world effects on ANGS can be evaluated)?
2) Where and who are these alleged "major partners" who are apparently "joining the next stage of expansion"?
With apparently over 2.66 billion shares in issue, wouldn't a single entity actually need to acquire 800 million COPL shares before triggering the need for a TR-1 to be issued?
(A bit moot, I grant you... vanishingly little attention is paid these days to TR-1 requirements).
Expand?
The only meaningful things that have expanded re ANGS over recent years are the level of debt incurred and the number of shares in issue.
Yes, absolutely. ANGS should be asked about paying back the first £3m junior loan in confetti (especially after having assured shareholders that taking out loans was better for them than dilution). It should also be asked why the confetti used to pay back that loan was valued at so much lower (0.66p) than the fixed floor price (1p) stated in the contractual terms when the loan was taken out.
Separately BP, your mentioning of the "Hoooties" (sic) in the thread below made me chuckle. To my knowledge, there are no Hoooties or Blowfish (or indy bands of any type) involved in the current situation in the Red Sea. I suspect you may have meant "Houthis".
In other words, "jam tomorrow... honest!"
Just for info, we do not know much of the detail of the delayed replacement £20m global financing - for example, we don't know what pricing will be imposed by Trafigura for ANGS-produced gas under the 5 year fixed offtake agreement, nor do we know what quantity of monthly produced gas will be subject to a below-market price revenue ceiling.
However we have been told that this is a 5 year amortising loan at SONIA (5.2%) plus 8%, with no payment required in the first 12 months. That's going to cost ANGS in total £9.26 million in interest, with 48 monthly payments of c. £610,000 being required from month 13 onwards (or £7.32m per year for years 2 to 5),
If as stated in the Dec 20th RNS, the replacement £20m loan is used to pay off Mercuria, it would seem to be entitled to its 8% royalty on all Sfby gross (NB gross) revenues until the field ceases production as stated in the contractual terms of the original £12 million senior loan. At current production rates and market gas prices, that would add another c. £2 million per year that ANGS would need to pay over.
By my reckoning, that's getting towards £9.5 million per annum in repayments that ANGS is going to need to find from 2025 for at least four years... just to secure a £20m loan.
It's a bit trite to put words I've not said in my mouth, MrCoffee.
All I've pointed out is that some here have stated that they bought shares in the company directly from Amit since the company delisted back in early 2017.
You may not have parted with any more hard-earned, DBW. However, a few IDs posting here have stated (whether truthfully or not... who knows?) that they have bought shares directly off Amit since delisting.