Member Info for itisagame

I be surprised if there is not a TR1 from the Volume on Tuesday,

In 3 days of volume it’s had near enough the total share issue traded.

The rise was a great thing, no reason why they couldn’t have raised the small amount of cash needed to clear creditors at the 0.1p par value. will get news before long, just make the most of the ebb and flows of the market.

Repurchased a couple of k at .065.

There you go.

"
The total capital expenditure, working capital, fees and contingency for its first 20MW of flexible power generation is expected to be £5.4 million.

The first stage of equity investment by Rockpool represents £981,750.00 of the intended £3.4m of investment for Attune Energy. It is intended that Rockpool will provide the balance of the equity investment by January 2015.

As stated in PPG's AIM admission document, the £2 million balance of the funding for each 20MW of flexible stand-by power generation is intended to be covered by an asset finance facility.

Following the first stage of equity funding, and the intended further stages of equity funding referred to above, Plutus Energy will have an approximate 45% interest in the income of Attune Energy and will receive approximately 45% of all capital returned to shareholders of Attune Energy once the other shareholders have received a sum equal to their subscription monies."

Thanks draft

Angus are already listed so why?

No point in most aim shares going to main listing because of the capital raise limitations and other Restrictions and costs involved. It’s only ever worth it for private companies wanting to go public.

very little news to research this one, not even a general covid update but it peaked my interest.

any idea on how much cash they have left? current NAV?

Other than - 12 December 2020
"Low revenues are largely due to a continuing challenging market for advising and raising capital for private, growth companies, leading to delays in the completion of transactions, and, whilst our deal flow remains strong, it is still taking longer to complete transactions. The Company has taken significant steps to reduce its overheads and has achieved a £100,000 reduction by locating to smaller offices and reducing salary expenses."

Pros : very low shares issue, seems to have a reasonable number of shares trading hands for the mcap
Cons : Cash (from what i can see), lack of regular news, admin costs.

on the flip side does anyone else remember the day that this dropped to under a £100k mcap intraday? think that was about the only time people made money trading this.

Just a observation, im not buying or holding this because its so illiquid with a whopping 20 trades in 2020 so far.

£350k mcap, now the cheapest company on aim by mcap.

this needs to bin off the management and piddly stakes in the companies it has before they eat it all up in admin fees, just become a cash shell ready for the next bunch to RTO something more interesting and rewarding in to.

Can sell £10k at 0.07 so somethings going on.

If they do don’t forget 0.1p is lowest they can raise at.

Here for a shell.

If they divest existing company to shareholders via a private company that’s a bonus.

Just Sarah and friends covering their shorts :)

I was referring more to the first year interest free business loans that every company is entitled to apply for, the £10-25k non-repayable grants from councils per site (would just be the offices). Plenty of things out there.

Really think this would easily be able to raise capital and clear the debts on a simple RNS confirming that they will actively pursue the route of divesting the existing assets to shareholders and invite offers from interested parties for the RTO.

Cash shell with £10m carried losses at a £300k mcap - a target company could buy £50k of shares on the market at up to 0.5p (or off II wanting to exit) and then make a £100k investment via a placing at the minimum possible - par value 0.1p to build up a 25% stake, that would position them to be able to execute the cheapest route to the listed market, compare that to an AIM IPO which normally costs in excess of £1m mostly admin costs and takes around 6 months.

the company has also not made any comment on taking up any covid government assistance that the company would be entitled to.

No don’t! I still want to buy more at 0.3 :)

Well there’s the £3m Mcap, if Zen didn’t tempt me with the LOI rns I would have paid my mortgage off with this after holding for 6 months, but I fell off at the last hurdle so Well done guys, thanks for the good conversations and information over that time, I’m off to my next venture. Good luck and hope you recover some more of your longer term losses as this develops.

Rereading these resurfaces a glimmer of hope that Zen can find ways to fund the campaign and the possibility of maybe some repayment once the license is renewed.
And hay, 6 months ago AAOG Congo (with its debt) was worth $5m of loan security, not bad for £200k ;)

“Oxford Energy Ltd (a company controlled by Matt Thompson) has written a letter of support which presumes the provision of a $5m loan to the Company on indeterminate terms and subject to certain unspecified conditions. The Company is informed that this loan would be secured over 100% of the shares in AAOG Congo, the Company's wholly owned subsidiary in Congo which holds the 56% interest in the Tilapia licence, and is likely to be repayable upon receipt of monies from SNPC. However, Jub envisages only drawing down on this loan in the event that a new licence is granted over the Tilapia oil field.“

only difference with their plan is they are adding on containers of battery storage on the side of the gas generators.

It might seem a bit obvious but have they not tried contacting the subsidiaries and partners of a company like RGM - Regency Mines they have been getting in to peaker plants since December.

An extract from one of the RGM RNS
"As previously announced, the first Flexible Grid Solutions project is at a development site in Southport, near Liverpool, and will initially involve the installation of a gas fired "peaker plant" with 7.2MW generation capabilities. These plants ease pressure on power networks by levelling out imbalances in supply and demand, generating and selling electricity when prices are high. This will then be followed by up to 4MW installation of energy storage using containerised lithium ion batteries. This provides the site with the ability to both produce power when appropriate and store it for onward sale into the grid during periods of peak demand. The purchase of inexpensive power from the grid during off-peak times or when renewable production is higher than expected is also then possible through use of the battery installation. "