Member Info for highroller

we have missed two winters!!! and there is no guarantee for the third considering past performance.

its not even remotely over. even if funding does not come through, not much is required. at least have of the 12 million can be deferred and get funded via revenues quite easily. processing plant can be done via HP/lease etc and there is cash to fund ongoing costs. frankly, it will be better that funding does not come through. BUT its coming. its a very attractive deal for the lenders

the large sell probably happened about 10 days ago. MM are allowed to report transactions late by 10 days when the size of the transaction is greater than 100 times normal market size. these may be cheap placing shares @ 0.6 last year.

This is what was said on 22nd Feb
The Mandate includes a 45-day exclusivity period for this joint financing effort until 5 April although it is the stated intent of all parties to conclude legal documentation, perfect security and satisfy conditions precedent, including, inter alia, regulatory approval of the Field Development Plan by the OGA, consequential amendments to the Farmout Agreement, the Joint Operating Agreement and the existing Knowe Properties Loan Note, with a view to making disbursements during the month of March.

we should be very close to achieving all the milestones. I will say 22nd March is pushing it. 4 weeks is more than enough to sort this .

the latest guidance is fresh and it has been made crystal clear that we have an oversubscription for the funding. the reason for delays is sorting out complex securities and I have no reason to doubt that. there are multiple parties involved and I do believe the company . BUT I still regard this share as a pure punt due to incompetent BOD and now pathetic auditors who can't proof read the annual report. I would not be surprised that such incompetence is reflected throughout their collective work . the situation that shareholders are facing is that there is good racehorse but the jokey is simply making too many mistakes. Those mistakes are visible all over the place and it would be natural to assume those mistakes are repeated in their daily work. Auditors are meant to detect errors and its very disappointing to see an annual report with silly mistakes. Those silly mistakes certainly do not inspire any confidence in the auditors report. It is defeated the very objective of an audit and that is now part of angus history.

the company's latest guidance is that they are expecting draw down later this month. If the bod can not manage that ,perhaps a 120K director should be fired literally. 3 fat cats licking the cream is unacceptable. a director who cam not write in English should be sent to some call centre. the annual report is littered with grammatical errors. Even more disgraceful is the auditors who sign that off. Their auditing is most certainly as flawed as the errors in auditors report. That auditor should be ashamed of themselves for putting their name to such obscenity. Not only we have an incompetent dodgy BOD , we have an equal incompetent AUDITORS. Did they not read? All they could do was grab fees for churning cr**. Disgusting and shameful and NEGLIGENT accountants. They would not detect any inaccuracy or fraud if the all the trans in UK went up their backsides. BOD and Auditors cant read or write English and yet these incompetent buffoons call themselves professionals and experts. UTTERLY DISGRACEFUL. Which accounting body is Crowe UK LLP member of ?

the doom and gloom merchants have been spinning an endless yarn (jabbing away with other)when the clear and fundamental matter is that of financing which the directors have confirmed repeatedly that its completion is imminent. The lenders are getting a very good deal. Full fledge security, very juicy interest, bonuses in various guises and one should expect that lenders would be very keen to push ahead. Its the best deal in town whether you are lender or the borrower and the chances are that its a done deal. Excellent punt at current price. I also think that brakes will come off the share price this time. i expect to break 1.5 high this month.

No I have not. BO are p*** takers. no delivery!!!

frankly its not as bad as it sounds or being made out. funding is close and draw down date has been shifted from January end to March end with consequential delay on SF. Balcombe permission due next week. Brockham is still in play and lidsey is getting a new lease of life. Biggest problem is the failed delivery to date but WE ARE GETTING CLOSER.. I definitely would be adding on any significant weakness. this dog will surprise us all . but its a punt only.

Yanis-You have to accept that GL is deceitful. he wilfully and deliberately did not inform shareholders about massive cost increases in the gas project. I completely agree with J2 observations that he withheld vital information which rightfully should have been in the public domain. if the deadline has become 3 to 4 weeks it should be stated by the company without delay. Hence the Q in investors Qs. They will answer at the end of February that there is still few more weeks. this company has a habit of making misleading statements and it has not delivered anything on time. There is no reason why that trend will change. GL is a professional p*** taker and the rest of the bod is not worth a comment.
This share is nothing more than a gamble. the trading range is .9-1.25p and we might see that again with more BS pumped out by GL and Co. And talk of presentation in February about where we are is just more toxic BS. Enjoy the swings and cash in when ever the opportunity presents. FWIW I am still in as I got in cheap.

"The fact they have posted questions on why the finance is taking a while would point to it being concluded shortly". actually it suggests the opposite. its utterly disgraceful that the BOD have failed again to meet a simple deadline which was expected to be 2-3 weeks. any reasonable person, when giving deadlines takes into account possible delays and so would have GL and his incompetent BOD. There is no excuse and no doubt we will be served further BS . Same applied to geothermal project. It should have been out in January. This share is nothing more than a punt today .

YES except for thick and dumb and blind and members of AAAG. lawyers instructed for debt funding. placing with warrants done.

the warrants will come in play sooner than expected as RNS roll out rapidly . We have entered the "completion end" of the new business and SP is all set for a major take off. All the funding, whether debt or equity, is sorted, with SF on track and permissions coming through in the near future. 3 P plus in 2 months is very likely.

its strange the market makers have been absorbing all those 1 million sells. They must know something we don't. Financing RNS must be imminent indeed.

meanwhile reality check
https://twitter.com/angusenergyplc

Its disgraceful that the BOD can not even out the loan repayment RNS on time. There is nothing they can do on time. And IMHO, there is a strong case that the BOD have not been transparent about the capital need for larger money when they knew all along. And the Lord wonders why the share price is not 3pence. The funding arrangements for £12 million should be about to close. lets see how this pans out. its literally a roll of the dice. You have a choice of gambling at tables or dogs/horse track or here. All are well rigged. the only good news is that the gas pipeline work is progressing.

buys have exceeded sells everyday by a few million for past few days . its shocking the SP moved south when normally it would be considerably north . are mates being allowed in cheaply ? By my calculations some 24 million shares have been bought NET of all selling in last 7 days.

must be imminent

This is the share to be in. No longer a punt. 100 million shares will fly through through.
704 million shares in issue. Market value around 21 million very soon at the very least. 3 p per share is a no brainer and very conservative.GLA

The fact is that all oil assets,balcombe,brockham,lidsey are valued at 0 and not in the SP. Only gas and how much . AAAG complain why not pursuing oil assets where millions spent. as angus moves forward, they complain why pursue it where there is nothing. bottom line, angus has spent millions and its very close to find out what real worth is there. it may be very ordinary or a lot. either way, incurring a marginal cost to release or recover past sunk costs is good. if GL says balcombe alone is worth £5 million at lower estimates then I believe him. Brockham too will be worth a few bob.
Regrettably, the BS from AAAG will continue no matter what success and progress angus achieves. The time to fruition and the consequential reward is very close. GLA.