Member Info for ocelot

Elir71, any TR-1 will only be released after the shares have been admitted. This can take a few days or more, if the investor is unfamiliar with the rules.

OK. "Total financial liabilities". It was your use of the word "loans" which threw me.

Note 22 only concerns the derivative liability, it has nothing to do with loans payable.

From the annual report for the year ending 30/09/24:

Current liabilities: Loans payable - current: £3.380m

Non-current liabilities: Loans payable - non-current: £14.988m

Total Loans payable: £18.368m

Should give rise to a TR-!.

"But everyone is agreed that that any deal means more money coming into the company if only to pay off (some of) the debts".

"The Company is working towards finalising the asset purchase agreement" (RNS of 19/05). That is, as I understand it, they are not talking of an immediate cash injection but of transforming the cash generating capacity of the company through the purchase of "a group of producing assets".

Dilution occurs when an increase in shares leads to lower earnings, cash flow or assets per share.

Accretion occurs when an increase in shares leads to higher earnings, cash flow or assets per share.

All depends on the final terms of any RTO, which, when announced in the RNS of 19/05, included this statement:

"Completion of this transformational transaction would represent a major strategic development for Angus Energy, with a significant increase in reserves, production and positive cash flow".

Https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5863516

Https://drillordrop.com/2025/06/11/landmark-ruling-on-oil-and-gas-emissions-is-vulnerable-campaigner-warns/

Kemexon Ltd 19.67%

Forum Energy Services Limited 16.21%

Knowe Properties 4.85%

Aleph Commodities Ltd 4.25%

Atanas Djumaliev 3.68%

Think it likely the Board consulted its principal shareholders before undertaking the potential reverse takeover.

26.1% of GROC's market cap of £7.98m = £2.08m

Alba's market cap = £3m.

The stake in GROC = 69.3%(2.08/3 x 100) of each share in Alba.

Was 28.01% of 252.619m = 70.758.6m

US institutional investor subscribes to 18m new shares.

Now 70.758.6m out of 270.619m = 26.1%

Agreed, Onetomany, the potential RTO hasn't just come out of the blue, it has taken time to get this far.

Clearly, the prospect of "a significant increase in reserves, production and positive cash flow" (RNS of 19/05) appears to be in the interests of both Angus and their lender, Trafigura.

The "resculpting" of the repayment schedule was first mentioned in the RNS of 07/05, 12 days before the leak concerning the RTO and the suspension of the shares. 2-way discussions with Trafigura are part of 3-way discussions with the owners of the group of producing assets.

Not much that one can pull from here, discussions continue and Angus are clearly hoping to ‘resculpt’ the payment schedule with Trafigura.

Only an RNS wiil tell us warrants have been exercised. Without an RNS, no warrants have been exercised.

Note: the group of producing assets are located in Trump's Gulf of America but, knowing nothing about their owners, we do not know their nationality.

The exercise of any warrants will require an RNS because their exercise will change the number of issued shares.

Don't agree, Jeremiah, although I understand where you are coming from.

The premium Clogau gold commands has been demonstrated, the market is totally ignoring the potential of Clogau and of North Wales.

Should move up with GROC since North Wales is almost totally absent from its market cap.