Member Info for K3VMC

Added 10/- at 30p.

May come back if it drops further.

timst

“ Unfortunately that's the bit I fear the market will focus on.”

25% down agrees with you. It’s whether it has overreacted that interests me.

Nothing gets done on time, since the start of 2020, that’s for sure.

I’ll have a quick think about averaging down.

Not selling down here, that’s for sure!

$0.5066 = £0.423

Walks back up, under normal circumstances.

45p average. I can live with that until we get the flow rates.

$16.6m in cash on December 12th, plus a small but important cash flow from sales at Alkaid.

There should be no need for any new funds.

GLA

:-))

Investor111

“ That’s a tough exam question for him to answer. He won’t know where to look”

I think it’s only fair to let him show the depth of his research, after providing us with a basic, broad statement. It gives him a chance to show mature reflection on the subject.

:-))

gregpeck7

“ Because they are running out of cash”

Interesting. How much cad do they have and what’s the monthly cash burn? Roughly?

We are due a recovery and today’s price is a 40%+ discount to the bond and warrant price of 6p.

As Harvey reported.

“ The Board believes the business has seen an inflection point in revenue and earnings as a result of the energy crisis which has driven strengthening customer appetite through enhanced financial returns from tackling energy waste and migrating to Net Zero”.

Greta acolyte or not, Net Zero is the target that management will be judged against. If it was a big ask before the Russians invaded, the additional economic benefits make it imperative now.

Buying picked up today. Early birds.

Doubled my holding today.

If there is to be a full month's production before the March update, as 'promised', then the second HWM has to be working in January.

Devilbhoy

“ Unless by “shareholders” you mean those with no vested interest in long term holding that he gives away large chunks of the equity in the company to at the expense of diluting the equity of the private investors then you are either taking the **** or you are an idiot.”

Which uninvested parties has he given away large chunks of equity to? Any ideas?

Ironhide

“ Read the bond holder terms, original strike price was at 16.75, if they didn't secure refinancing by the end of the year the strike price resets to 13.5 (I think).

So the best part of 20% more shares issued for the same value.”

Agreed, having read the bond holders terms. Thank you for suggesting that.

I’m not concerned with bond holders getting more shares, having thought about it, because I can buy under 13.25p. Yes, they would add more value to my shares if converting at 16.75p, but they still add value at 13.25.

I only need the sp to 35p, where AM bought £240k shares. I would be super chuffed with that.

Ironhide

“ Bondholders price resets to lower conversion price so for the same amount of money they get more shares.”

The sp has gone up today. What period are you basing this on? Are you talking about the odd penny per share difference? Is that material compared to proving up resources or increasing production, to get a better RBL deal?

Ironhide

“ Missing the deadline on re-financing is ridiculous, more dilution for no gain..”

What dilution is that?

$1m/month?

+$30/bbl x 1000boed x 30 days

Every little helps, while we wait for the really good news.

“ The market price of Angs is significantly higher than its intrinsic value”

Sorry, I think you failed to provide the “intrinsic value” from that post. Is that because you have no idea what you are talking about, or are you just being modest?

Added. I call the bottom.

They just have to curb their enthusiasm. It’s not as if they will run out of customers desperate to get their net zero brownie points.

Mirasol

“ its still well below recent numbers”

What were the higher numbers, please?

48% increase in one day?

Hmm. Can anybody put a price on that, please?

Last MM on the ask is Berenberg.

Can only be PIs selling down here. We’re just waiting for the last ones to sell, then the price can walk back up.