Member Info for Jamesthesecond

Yanis-they act like market makers. The only difference now is that they have to declare all trades

where is the offer please?

There were lots of 1 million buys after the "for sale RNS" and the increase to above 3% must have been post that RNS.

the naysayers just cant help putting a negative spin on anything. Its habitual. Buys at the close post a minor tree shake bodes well for tomorrow.

The startegic review will cause the SP to rise when in public domain. Since our SP is at huge discount , so is SFB 49%. So all share issue is no big deal or complicated. GL can negotiate better and thus earn his salary, quite frankly.

I will speculate that its for all share acquisition of SFB. If its anything geo related, we are scre***. Small cash raise to fix any cash deficits is no big deal. we will find out soon. Acquisition of SFB makes perfect sense and is good for the company and the real rerate will begin. Lets hope GL & crew do not make a mess.

don't be surprised its for takeover of SFB,

dont think we will get tr1 as rNS alraedy issued.

someone bought 40 million shares . Jaspal singh

Yanis- Frankly I get pi***** off by the fact that BOD fail to meet their own agenda. If they behave in a transparent manner, the share price will be 3 folds from here and all warrants exercised. Hence the trust deficit. They should update with a schedule for completion yesterday.

Yanis- I agree about the slippage. The company keeps putting forward excuses and we are not even receiving the promised " . A detailed week by week construction and commissioning timetable will be issued during the course of January 2022 as matters become clearer."
However, I do believe that any slippage is minor . The daily images on twitter are telling a story of progress . Works are going on without interruption .The BOD can not avoid updating all shareholders about "when the gas will flow" indefinitely. It must clarify this within a matter of few days without fail.

And If I was GL, I will rush the business review report to publicly state a fresh share valuation and use that valuation to takeover the 49% of SFB for shares . Its SFB who ,probably, have no cash to fund their part of any costs and they are minority. Takeover will also be good for the lenders and any bidder as it makes life simple.
The current low share value is due to trust deficit. The company assets values are heavily discounted and this can be rectified very soon. A bidder will be keeping a close eye on this aspect and its not in the bidder's interest to delay the bid

the key facts are that the findings of the business review will be in public domain soon. EA permission regarding Brockham will come through after 31st January when public consultation finishes. EA and council permission on SFB is imminent. Works at SFB are progressing well. Multiple parties are interested in SFB and may be the whole company. Any placing for some trash like geothermal will be frowned upon at the very least and BOD can be sued for negligence. The bidder may launch its bid anytime.

There are so many multiple good news to flow in the very near future and that's the position we are in.

The authority for the additional shares may also be for making a share offer to take over 49% of SFB. That will simplify matters for lenders and bidder.

https://twitter.com/angusenergyplc

EA approval was expected by latest 17th December and this date has passed. Is there an update on this? When is EA approval now expected? Asked on 20 December 2021
As regards Saltfleetby and as answered elsewhere, we think we should close out remaining issues in early January and do not see this matter as a roadblock to first gas.

Share price is holding firm and any decent progress RNS will have a positive impact on the same. However, all this may become irrelevant if the bid materialises soon. All those informal approaches must bear fruit shortly!!!!

mulgu- stop being disingenuous. You know very well the stock I am referring to is the recent placing stock at .65. Shameful how you twist every fact.

assessing the price that they can get away with. They are really buying cashflows.

SP lost traction as some of the cheap placing stock leaked out yesterday. about 20 million plus in 1 million share trades. It was bound to happen. Further progress news , such as permissions or gas flaring will push this forward in a firmer manner. Lets see that bid materialise over the next few days. RNS about entering talks would set the SP alight. After all, what is the bidder waiting for?