Member Info for Mirasol

"please enlighten posters how you know a shareholder needs 3p,"

back in Feb/march our old friend Adrian (under his various short-lived ID's) was screaming several times a day that the SP of the company should be, must be, had to be 2p. (it wasn't and it isn't). He really was quite worked up.

based on his behaviour here and elsewhere it 's easy to deduce that's what he needed to turn a small profit. Then of course they diluted us all again - so let's say he now needs 3p......................

" The next few weeks are gong to be exciting!"

That's what some of us are afraid of Howey

"as to why Aleph and chums obviously haven't taken up the 2nd half of the £6 million placing at 1.09p odd per share yet?"

Because they probably talk to ANGS every day and are told something closer to the truth?

"SP will slowly rise till FG. "

Interesting prediction because it didn't rise when the FG date was end March , or end May or......

it won't rise until they show they can meet the hedge

IMHO its a strong buy because I desperately need 3p to stay afloat - Adrain/gideons/Vixen/FotH etc etc etc

", the past in this case is not a guide to the future."

same management so why do things change?

Still sinking SP

"Hits what a load of twaddle."

Tell us maestro - were is HITS wrong?

" assuming a start date of 1 July "

But GL has said it won't BE the 1st of July.

Are you all crazy? Another 2 week delay two weeks after he said last week??

"Your time is up - reaching for the filter."

you can see why the shares weren't taken up

still no gas, still no certainty

"You can kiss everybody's a5se in here after that RNS they are not interested in anything you post. "

Baits I', m sure they don't bother with BB's

I hope they're still working hard to get first gas on the latest timescale - doesn't it worry you how it keeps drifting to the right?

"So now we know we will start selling gas in the first 2 weeks of July and the hedge will be met"

that's a claim from someone who has missed EVERY target they have RNS'd Tygra

target date for first gas export (ie sales) between the 7th and 12th July.

The expected output during that period from existing wells B2 and A4, assuming a start date of 1 July is approximately 5 million therms

So GL is counting the numbers against the hedge for 7-12 days when they aren't producing?

"Contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing 20 June 2022 with first export (i.e. sales) nominations the week following"

3 weeks later and the target has gone back ANOTHER 2-3 weeks

It really is unbelievable

We'll be back here in 2 -3 weeks waiting for another RNS from GL re "first gas"

Angus Energy Plc @angusenergyplc · 9m
Site power genset in place #ANGS

So definitely not first gas today..................

"SHELL would not do anything to hurt a company that has agree to give them gas at 1/4 of spot"

Silver - Shell aren't the counter party to the hedge - if you don't understand that I give up. It's a bunch of FINACIERS who are on the other side. Shell will buy at around market price - but it's something like 1/57,000 th of their daily take so I doubt thy'll lose any sleep if it doesn't turn up

Actually I suspect they just don't know what will happen - right now why kick in £ 3mm more if you think there is the slightest chance of things not happening to plan?

"In the last interview GL stated the 27th of June give a day or two for gas, I would start worrying if no gas this week "

Bammo - the hedge kicks in at midnight on Thursday

"A deal to pay even if no gas would be suicide"

that is the issue - remember this is ANGS we're talking about - they thought they could use second-hand kit to redevelop the field, they re-entered the wrong well at Brockham...... competence should not be assumed

", we weaned a huge premium of we sell SFB which I recon will be back on the cards soon enough "

But most of the gas is hedged for the immediate future - there is no upside until the hedge is finished - stuck at 40p a therm for almost all the gas for several years

aah Gotham - newbie whose only other interest is CON - a financial genius I guess