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The previous general valuation floating around was $13.4bn in ground value…..since gold and silver prices have rocketed anyone done new valuations on what we have in the ground now?

Bubblepoint, you’re conflating two different things deliberately or otherwise…. RNSs are not meant to read like investor presentations or broker models…. they are regulatory disclosures, and by design they don’t include forward guidance, speculative cash forecasts, or granular commercial negotiations….

That doesn’t make the facts that are disclosed meaningless…. £30m total debt is a fact…. the workover being funded from cash is a fact…. materially higher production post-workover is a fact…. lower opex versus last year is a fact…. and legacy hedges rolling off into a stronger pricing environment is also a fact….

You keep saying “no facts” while ignoring the ones that don’t fit your narrative…. then you fall back on history as if companies are not allowed to change trajectory after restructuring…. that’s analysis anchored in the past, not what’s happening now….

No one here is claiming RNSs tell the entire story…. but they don’t need to…. what matters is direction of travel, and that direction has clearly improved compared with where Angus was heading into default last year….

Cash generation improving, costs down, production up, and debt being restructured at lower rates is not a “wet dream”…. it’s a stabilisation phase…. and stabilisation is exactly what precedes rerating in situations like this….

You’re free to remain sceptical…. but dismissing every positive development as fiction doesn’t make it so…. it just means you’re choosing not to engage with the facts that are already on the table….

Https://economymiddleeast.com/news/gold-prices-surge-to-record-5293-silver-surpasses-115-as-u-s-dollar-hits-four-year-low/

Ippolito seems to have the magic touch…..or just plain lucky he literally got bill one of dollars of silver and gold at all time price and rising….Chinese will probably buy us out before production

Bubblepoint, you keep reframing every development as a negative regardless of what the RNS actually says…. that might suit a narrative, but it doesn’t reflect what’s being reported….

Calling the recent production uplift a “rabbit out of the hat” ignores the fact that Saltfleetby has always been capable of higher rates once constraints were addressed…. the latest RNS confirms a material improvement following the workover, not some cosmetic bounce….

On the share count point, yes there are a lot of shares in issue…. that’s already well known and fully reflected in the price…. what changes outcomes isn’t the historical capital structure, it’s cash generation and balance sheet repair, and that’s exactly where things are improving….

As for the “new well” scepticism, nobody is pretending it’s risk-free or imminent tomorrow…. the point is that higher current production and stronger margins give Angus options they simply didn’t have before…. optionality matters when a company is coming out of a stressed period….

You also keep anchoring to falling gas prices as if that’s a certainty…. prices fluctuate, but Angus is producing now, into a materially better pricing environment than most of 2024, with legacy hedges rolling off and a much leaner cost base…. that combination is what improves margins, not a single headline price….

No one sensible is saying this is a guaranteed straight line to £7–10m per quarter overnight…. what’s being said is that the trajectory has changed…. higher production, better realised prices, lower costs and active restructuring are all moving in the right direction….

That’s progress…. and it’s exactly what you want to see from a company that’s been in suspension and is working its way back….

Gusto you were trying to buy in 5.5 weren’t you LOL

Lol at the people desperate to buy in thinking deramping works

Where discussion often goes off track is treating suspension as evidence of terminal failure rather than a mechanism to protect value while the company sorts out restructuring…. The latest RNS shows production has increased materially post-workover, which directly strengthens the company’s ability to satisfy creditor requirements and move toward resolution of outstanding reporting and governance matters….

Higher production at current gas prices isn’t hypothetical — it’s a current operational fact being reported to the market…. That means stronger cash generation and a far better starting point than the flat-lined or declining production people here keep assuming…. Even if gas prices moderate from current highs, improved production and lower costs still provide significantly more operational cash than before…. That’s exactly the sort of fundamental improvement that de-risks suspension outcomes….

Using worst-case reservoir decline and short “honeymoon” narratives as if they’re the only possible trajectory ignores the actual RNS figures…. No one is saying suspension should be lifted instantly, but the business is making measurable progress toward the thresholds that ultimately do matter in those suspension reviews….

Bubblepoint, you’re making a lot of assumptions off incomplete information and then presenting the most negative interpretation as if it’s settled fact…..

First, the latest RNS didn’t just point to a modest 15–20% uplift — it reported a material increase in production, well ahead of that range. That tells you optimisation is already delivering more than the low expectations you’re anchoring to…..

Second, no one has claimed the current intervention is a “permanent fix” in isolation. It’s one step in a wider optimisation programme. Coil tubing, acidisation, flowback management and drawdown control are standard tools to reset well performance and maximise near-term cash generation — which is exactly what Angus needs right now…..

The key point you keep overlooking is that Angus no longer requires a perfect reservoir outcome. Higher production today at current gas prices materially improves cash flow, strengthens the balance sheet, and changes the dynamics with creditors. That alone reduces risk versus the situation twelve months ago…..

As for gas prices, yes they fluctuate — but the company is producing now into a stronger pricing environment, not modelling distant hypotheticals. Cash in the bank today matters more than speculative decline curves six months out…..

Could production moderate over time? Of course. But starting from a significantly higher base, with ongoing optimisation and lower costs, puts Angus in a far better position than the “inevitable failure” scenario you keep repeating…..

The latest RNS shows progress, not deterioration. Ignoring that and defaulting to worst-case outcomes doesn’t reflect what’s actually being reported…..

Worth grounding this discussion in the latest RNS rather than hypotheticals….. the most recent update confirmed a very material increase in production following the workover, and that’s a real, reported step-change rather than forum speculation…..

At this early stage of optimisation, seeing output at these levels is encouraging. No one is claiming this is the final stabilised rate, but starting from a much higher base fundamentally improves the economics. Even a moderation from recent highs still leaves production well ahead of where Angus was operating previously…..

Crucially, the company no longer needs heroic assumptions. Higher production at current gas prices translates into strong near-term cash generation, covering opex and materially strengthening the balance sheet. That shifts discussions with creditors and lenders onto far firmer ground than last year…..

Yes, reservoir management and decline are always factors, but optimisation is ongoing and the field is delivering today. The narrative that this is all temporary or destined to fail doesn’t align with the actual data being released…..

Momentum matters. Rising production, improving cash flow, lower costs, and restructuring discussions backed by operational progress are exactly what the market needs to see. If this trajectory continues, the outlook looks meaningfully better than the constant worst-case scenarios being repeated here…..

And we have lots of it :)

Better luck next time

Better like next time !

Unlucky mate 8-8.5 you can dream of that 5p entry LOL. More likely to hit 12p than 5p

Didn’t you want to go big at 5.5? LOL

Gusto I think I know who you are :)

Spot gold $5090

Unlucky the annoying devil and gusto need to try harder…….10p next stop

Https://www.cnbc.com/amp/2026/01/26/gold-record-surges-past-new-5000-record.html

Gold now $5083 we are WELL undervalued

Mirasol/Bubblepoint/wg818 part of that old action group that lost all their money on Angus and can’t let it go imo