RE: Payments due21 Sep 2022 15:00
'Happy days, UK NG futures back above £6 for Jan and Feb'
Great news for Mercuria of course but not so good for Angs if they can't meet the hedge. How will Angs pay Mercuria the hedge shortfall? Placing maybe?
GL should simply come clean with the details of the deferred hedge arrangement and then investors can work out the ramifications themselves. Vagueness is his game.
Before newbies invest i suggest they read the RNS of April 27th and the promises it makes before making a decision.