Member Info for Jamesthesecond

That's a bit disingenuous balanceviewer. Repayment of debt is not a profit loss item. Only interest charges are deductible against profits. Just shows your agenda of manipulation.

well summarised DoneK. Too much doom and gloom being churned out by AAAG. There is plenty of cash in the bank. Cots for SF are also coming down favourably. And yes ANGS requires the financing secured urgently. It will be what it will be. We know the financing terms already. So financing should and will re-rate the share significantly either way.
People often forget that ANGS can dispose assets too to bring in cash. That's a discussion for another day.

Farm out agreement take considerable time in evaluation and negotiations etc. nothing will happen shortly. Cameroon is delayed for sometime. Earliest anything will happen will be towards autumn. effectively nothing to look forward to other than placings in the short term.

The Group had a cash balance of £1.852m as at 30 September 2020 subsequent to the significant cash movements described during the reporting period.
On 16 December 2020, the company raised gross proceeds of £249,990 as result of a placing of new ordinary shares.
On 27 January 2021, the company raised gross proceeds of £1,5000,000 as result of a placing of new ordinary shares.
On 1 February 2021, to satisfy additional demand, the company conditionally placed a further 15,000,000 new ordinary shares in the Company at a price of 1 pence per share to raise gross proceeds of £150,000.
So plenty of cash so far
The main operational activities at Saltfleetby consisted of the commencement of the construction of the pipeline extension from the existing 10" line to the National Grid entry point. By the end of 2020, the 4" section had been completed, with only a short stretch of c.150m of 10" steel to be installed in Q1 2021. Once complete a period of testing and commissioning will begin.



Detailed design of the processing facilities that will be installed on the site itself is well underway, and down payments have been m on many of the key bits of equipment. It is



the companies view that equipment will begin to arrive on site during 2021 and installation and commissioning will commence with the expectation of first gas in H2 2021.

MMs don't want to part with shares cheaply. Those who sold out in panic will have to pay up.

effectively the finance is being sorted through the lawyers and costs may be coming down.(less money required).

Croqman- There is not the remotest doubt that the BOD led by GL deliberately misled the shareholders about the severe costs escalation. Equally, there is no doubt that the misled on the funding too in terms of timescales. The incompetence of the BOD is unbelievable. However, sp drift or not, the matter of funding is at the business end and will be closed soon. It should be this month. GL should sack some fat cats in the BOD if the funding is not closed by the 24th this month. That's full two weeks. All these costs and time overruns are not acceptable-Period.

AAAG members would like to put a negative spin about everything. Information about financing is "sensitive" and naturally all questions around that will be deflected. RNS will be imminent on funding.

the interview did explain the delay . there are 4 parties. SF/Angus/Property owner and lender. It can be quite complex as suggested in the interview. and lawyers do try churning fees by clocking hours

the funding deal is very near closure. Its the execution of security which is taking time and I assure you that these kind of delays are happening a lot in covid19. Simplest second charge bridging finance has too many rituals and lender requires securities duly registered. In angus case, it would be a debenture of sorts where various registrations will be required.

sorry misunderstood "tomorrow evening's presentation".

what presentation?

its not going through. Lets see if AAAg prediction share rising on refusal to save distraction and costs.

Frankly, I think not getting the permission is already in the price. Granting of permission should be worth an additional 0.5 pence on price at least. But what do I know. We are already trading far below fair value ,based upon oversubscribed funding ,which should be around 2 pence.

its your Oder that pushed the price upwards

Forest are most likely insiders and therefore not permitted to add at these low prices. For all you know they may be participators in the oversubscribed loan facility. After all they ensured a further placing to maintain their % holding which is a fact beyond reasonable doubt. Surely AAAG will put a spin on that too.
balcombe decision will be what it will be on the 2nd.
funding will be sorted this month after hiccups with security documentation are ironed out. it should not take that long.
and SF will be back on track by the end of this month. A couple of months delay directly attributable to funding is understandable.

AAAG are too busy making imaginary scenarios . Unbelievable

Taking into consideration your constant barrage of posts at 5 minute intervals shows that there is nothing balanced about your views. You are making things up as you go along and are now filtered.

The share price should be trading much higher simply on the fact that the loan is oversubscribed and the terms are those disclosed some months ago. The AAAG is sprouting BS.

I am relieved after the interview. clarity on funding has been provided