Member Info for MPO818

This union is the largest financial backer of the Labour Party:

Ms Graham is now intending to take a less conventional approach to policy-making.

The plan is for "hundreds of organisers" to go to marginal seats and talk to voters there about the case for taking key industries into public hands.

The message will be reinforced by Unite-funded billboards.

The hope is that then voters will press local Labour parties and local candidates to commit to backing nationalisation.

"We will take our ideas to the people," Ms Graham told me.

"The real decision-makers are the voters. If they push those ideas, politicians tend to move when they speak to voters."

I think the "Cash Burn" is being under estimated. We are in inflationary times and a cost of living crisis. For some reason they have not released interim figures for the 6 months to 30 April 2023. These are not audited figures, it should not take nigh on 3 months to produce these, there have been no meaningful RNS's, so exactly what has been going on to keep the workforce busy.

Singhie - good post, and valid to point out gas prices could improve significantly as winter approaches, especially with an early cold snap.

Your point (noted below) is also very valid, always assuming a certain person (Lucan) does not panic and enter another contract before this hedge approaches it's completion date.

"Remember in just under 24 months all the Hedges shall expire also"

Another hedge if prices rocket (150p/200p) may be appropriate.

A strong positive day for the UK markets - AFC in the red from 8.30am to 4.30pm the downward trend continues. No orders, No sales, No interim results, Cash balance dwindling, No light at the end of the tunnel, shareholders are being shafted here with a CEO being paid handsomely and delivering a big fat zero. The BOD are being negligent to let this trend continue.

Have now issued a 6.58min audio presentation reiterating its stance on JOG, a good listen.

Centrica signed a major LNG supply agreement with Delfin Midstream Inc. The deal has a market value of $8bn. Operations and first delivery LNG are expected to commence in 2027. This may well be the first of many due our current and future governments taxation treatment of resources produced in the North Sea.

Average_Dave

Forgot to mention the "cost of the sidetrack", that will be significant - Lucan may well be keeping that "up his sleeve" to perhaps be revealed when the next RNS shock comes to light.

Average_Dave

Don't beat yourself up - All the research in the world would not have helped you at all.

You are entitled to expect the word of the CEO (Lucan) to be reasonably reliable. There can be occasions when their expectations are not realised, however, when they are missed as frequently as they have been here, for me it come down to plain negligence or pure dishonesty. HITS has highlighted the number of times the "early missed hedge" has be mentioned as part of the reason for raising funds/loans. That leads me to conclude, he either does not grasp hedging principal (negligent on his part and he should have sought professional advice) or he has been dishonest.

For ANGS to state in the RNS that the terms of the additional funds would be on the same basis a the March agreement is either naive at best or a straight lie. Lucan (supposedly a finance expert) is (or should be) fully aware of the increase in interest rates in the UK since March. ALEPH have them over a barrel, further borrowing from them is (imo) not in the best interests of shareholders, Lucan needs to go he is a real liability.

Good post robday: The only missing comment from it was that Shell, BP and Apple all have a strategy, structure and competent management.

"They are seeking to avoid calling on shareholders for funds - they need debt finance to grow!"

THEY HAVE HAD THE FINANCE, NOW THEY WANT MORE ALL AT CIRCA 20% (or close to that). WHEN THEY HAVE AN ISSUE THEY NEED MORE DEBT. THE ONLY THING GROWING IS THE DEBT AND THE SHAREHOLDERS (EX FORREST) SINKING.

WHAT HAVE I MISSED???? THE DEBT FINANCIERS WILL BE WALKING AWAY WITH THE COMPANY IF THIS CONTINUES.

Lucan needs to be fired - Raise £10M from shareholders, Pay off the £3m rolling debt and proceed. Currently they are just digging the hole deeper and deeper and telling porkies as they go.

What is the timescale for this event - a day, a week, a month? how long are we talking about the settlement pond and the tailings box both look rather small in the video.

"England Goalkeeper is suspect under the high ball"

But he knows how to save a penalty!!!

Rather stop start scrappy match with more yellow cards than shots on target - but a win is a win - well done England - can Carsley replace Southgate - please.

Taking a long time for "the penny to drop" expect even the analysts are baffled.

Pretty muted, ANGS has a poor reporting record, misses nearly all its timelines and has mislead investors particularly in the area of the hedged gas. With 2 compressors and 3 well now (supposedly) in production it needs to deliver a period of consistent production to satisfy the market that it can be a serious producer. They need to concentrate on Saltfleetby 100% and not go off being distracted with other projects. Generate consistent revenue and pay off debt especially the part bearing stupidly high interest rates.

Another positive note from Zeus

How long does it take to prepare an unaudited set of interim results for a company with no turnover? They say no news is good news, but judging by the share price performance that may not be the case here at AFC. Having "plenty of cash" in todays economic environment disappears quickly without contracts and sales. Blame COVID, Russian invasion the government the sector - never the BOD.

That must a first from ANGS, "Short and sweet" no if's or buts.

"may the fleas of a thousand camels infest your Indian-silk boxer shorts".

A cracker DU, absolute cracker