The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
they are effectively just a connection away from getting it to market.
That is the issue which is obvious that the BD have messed up causing a loss of precious revenue/profits. Basic evidence of their incompetence and negligence. An admission and transparency would be better with a firm date. So far it appears that the BOD deliberately misled the market about its "connection dates" to facilitate the sale by PF, another director. The company must have known , repeatedly, that it would not meet the connection dates suggested. That was outright deceitful.
Since we are at the end of the month, the BOD, led by an ex BY heavyweight , must bring some decent corporate governance to the table and issue RNS immediately and unconditionally.
The chances of Tarot being right are as good as RNS from the BOD. tarot occasionally has been accurate in predictions!
Big news coming shortly and Sp will be around 4 pence this week!!!
Any interest in Angus will be for SFBY.
Its outrageous to witness the BOD silence on sidetrack connection. we are losing precious revenue due to gross negligence and incompetence of the BOD
I reiterate that the BOD need to come clean and clear their mess.
Baits- the earlier RNS said connection to the plant for gas processing and export is planned directly after the clean-up and we expect to realise the combined flow rates of all three wells later in the month.
Push2- The factual matter is that we should not be guessing considering the company gave misleading guidance in the past. Its the BOD legal responsibility to clear their own mess apart from not creating it in the first place.
it will hit 3.25 just on the side track kicking in.
Buy out has been a strong possibility and now there is an even more stronger case. However, the BOD should have all relevant information out .
Either way, Angus owes its shareholders a full and frank explanation as to what is really going on. Saying export ready from 7th and then later this month do not reconcile. The sidetrack is ready to produce or still cleaning up or waiting for some red tape , the company must clarify. That is all down to incompetent BOD. we should be celebrating and enjoying the fruits of our patience and the kill joy is BOD.
PF shares have been sold to one buyer at a premium off market and that says it all. We will soon find out who the buyer is . Its definitely not the MM who just make the market.
SP has been down ,even after good news, as Angus has not turned on the production from the side track causing loss of precious surplus revenues/profits. Committing to "export " on the 1st and then the 7th of April only to dampen down by "summer production facilities" is outrageous and deceitful. Did Angus really did not know that they will need a production line. One hopes the side track starts generating the cash from the temporary facilities this week. That single event will awaken the Share price. In reality Angus BOD are solely responsible for its lack of credibility .
we should be almost done with the "clean up" and connect to production via temporary production lines. Angs must issue RNS to confirm that we are doing so. it should also provide a correct timetable for permanent production lines to be set up.
the volume will pick up immensely when the production increases through temporary apparatus. Frankly it should have already.
May be the company made a deliberate false representation about the 1st followed by 7th "export" to facilitate PF to sell his shares.
Without doubt its totally "deceitful and misleading" that the company stated export from 7th of this month ,only to be delayed by clean up. mentioning summer now is outrageous . However, Angus may commence export using the temporary facilities while the permanent ones are being installed. We will find out from the production very shortly. Absence of £££s for any longer period is due to fraudulent representations of the company.
You can only buy £250 worth at 1.8
SB- when I tried to buy, there was no offer- goes into auction. tick up coming.
Bid 0.1765 in good size. Offer 0. Cant buy any.
the lease will get renewed. Typical Africa-everything is late
There were 5 parties interested in SFBY other than SOU. Now SFBY is fully operational and turning into a cash cow with the added bonus of storage in the future, some medium size oil company may be interested.
Irrespective of any potential bid interest the imminent £££s will do the talking. Just a little more patience required.