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such thin volume again and nothing on the offer. It would appear that our seller is clear
** That is why it is showing as up on the day, however the spread has remained unchanged.
20,000 shares purchased at 0.795, which is the current best offer.
looks like the next buy pays 0.795p, does that mean that who ever was selling has now gone?
Also shows that it doesnt take much to get this moving. Found support just below current levels and after over 2 months since the first RNS about the £12m debt finance and 2 and 1/2 weeks since GL said he was very pleased with the progress, are we finally going to see this push higher...?
Judging by the share price action todau (ok thin volume) you are not the only person out there thinking the same.
If it is a case of just hamering out the details, you would like to think that we are not to far away from an update..
Ok, so you think that it is done..?
Just a case of hashing out how many warrants to attach and price ect?
Ocelot - no one is suggesting that we are going to get the best financing deal in the history of deals. We will certaintly be charged a premium, however as long we can cover the repayments and still make a decent turn for ANGS, this is a much much better positions than we are currently in......
As per the RNS you quote below, surly GL cannot state that in the RNS if it is not true....? So you would think that that someone likes what they are seeing from Angus in terms of a risk to reward funding investment
Mirasol - You are right Shell take no risk - that is not in doubt. However they do not just sign off take agreements with every single oil and gas producer out there on the off chance they can produce what they say they can.
Shell will have completed some level of Due dilligence to make sure they were not wasting their time.
Again you are correct, the offtake agreement is for the enitre production figures. However what is peanuts to them is a decent amount of money into the coffers for GL each month.
It also does more than just give us an offtake - it de risks the asset for any potential funding partners. They can lend us money knowing that as soon we have spend it and get the asset flowing we can sell everything we produce to a tier one supplier - Therefore Angus will recieve funds as quickly, they wont be incuring the cost of storage.
The people funding these projects need to have their money working for them, cash in the bank is making them nothing! so in terms of risk they can charge us a premium (as we dont have a queue around the corner), however they are going to get a decent return on their investors money (the funding partner) and its on an onshore conventional play with a tier one offtake and plugged straight into the national grid.
The share price took a hit when they announced further investment would be needed.
IT also relfected the offtake agreement with Royal Dutch Shell by pushing to 1.5p, grated they came lower as Riverfort sold and the market anticipated a fund raise.
Why would Shell take the time to complete due diligence and then sign an off take agreement if they did not think the asset was comercial? So if it is good enough for Shell to sign why would it not be good enough for a lender who specialises in providing debt for exactly this kind of asset?
Dont get me wrong, i am as fustrated at the next person about the delays and extra costs, I just dont think that GL would have started the work he is posting on Twitter if he didnt think the financing was coming! And when it comes there should be no convertibles in the back ground to stop this from going higher and finding a new low.
GKB47 - what would you consider to be agood or bad deal out of interest?
The finance is the last pice to the SF jigsaw. Even if it is expensive, it will give GL a business that is producing revenue and provide him with a steady foundation to re build investor confidence.
I dont think GL would go for a bad deal!
I also dont think that he would be continuing to do the work they are posting on Twitter if they did not think the financing package was coming!
Currently well bid with no offer, I dont see any reason for it to break the support level it has found here, then with financing news (granted well over due) should just push higher!
Market makers dont 'control' a stock any more than you or I do. Nor do they have access to information that you or I dont (google Chinese Walls).
They do take positions in stocks (long or short) but their main focus is to 'job' a stock aounr volume or sentiment.
I am quite excitied about where this could get to when the next set of results are released.
Exec Chair buys shares knowing there are results out before Xmas, looks like the Mrs could be getting a nice little stocking filler.
Come on TILS dont let us down
He would not be purchasing shares if he thought the trials were going to fail
Nice to see them putting their money where there mouth is
market is moving higher...
What news have you seen from Brazil?
World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus said on Tuesday that, despite the encouraging news about coronavirus vaccines, WHO is still "extremely concerned by the surge in cases" in some countries, especially those in Europe and the Americas.
Speaking at a news briefing, Tedros commented on Moderna’s COVID vaccine results saying that "many questions" still remain and added that one "vaccine will not end the pandemic."
1 share print on the open, does anyone buy into that meaning an RNS due?