Member Info for ocelot

Barney182,

A lot will depend on what the company does in the aftermath of the meeting, given the meeting will provide them with the authorisation to issue new shares.

They need to get their market cap up in order to keep dilution down.

To get their market cap up, think the market would like to see them focus on the projects offering the quickest potential cash generation, HH and Turkey.

But HH awaits the Supreme court judgement which must surely arrive quite soon now.

Too late. Deadline was 11 am yesterday.

Current price: 0.0105p

In theory, shift the decimal point one place: 0.105p.

But will have to see what the market does.

1 million, from Monday.

No, but their spot patterns are unique to each leopard:

"... leopards have distinct spot mark configurations all over the body and face which can be used for distinguishing individuals".

Raised £461k on 22/11/23 and £75k on 27/11/23 making £536k in all.

Hope so, Barney! Best wishes to all investors in Angus.

"RH message to me today

The refinancing is underway and as soon as we can communicate on progress, we will do" (Barney182's post of 12:10 on 08/02).

At the latest, we will hear more on next Monday, 19/02:

"... Aleph Finance Limited has agreed to an extension of the Bridge Loan for one month until 19(th) February 2024, ..." (RNS of 19/01)

"Value increase of 5-6x" on turning graphite concentrate into spherical purified graphite.

Video of just 51 seconds.

Reminder: the PEA's net present value calculation for Amitsoq was $235m before any uplift following the recent law change in Greenland which should:

accelerate the project, leading to a saving in the amount discounted in the npv calculation; and

de-risk the project, implying perhaps a lower discount rate than the 8% of the npv calculation.

"Value increase of 5-6x" on turning graphite concentrate into spherical purified graphite.

Video of just 51 seconds.

The Refinance Facility will be used to repay existing senior and bridge debt (presently c. GBP5 million and GBP6.7 million respectively) and reduce the deferred consideration due to Forum Energy (presently c. GBP5 million) as well as to initiate expenditure on a fourth well at Saltfleetby to be completed by Q1 2025. (RNS of 20/12/23)

Noelpbz,

It's a refinancing deal, there are debts to be paid off through the facility.

Re the RNS of 07/02 and yesterday's interview:

the PEA's net present value calculation of $235m for Amitsoq is uplifted by:

any acceleration of the project (by about $20m if, say, a year is saved); and

the de-risking of the project means that a lower discount rate than 8% may be more appropriate.

Re the RNS of 07/02 and yesterday's interview:

the PEA's net present value calculation of $235m for Amitsoq isn't simply uplifted by any acceleration of the project (by about $20m if, say, a year is saved), the de-risking of the project means that a lower discount rate than 8% may be more appropriate.

GL formally stood down on 15/08/23.

We have been living through a kind of interregnum period since then while RH completed the installation of the permanent flowline (06/11/23) and the new , 5-year £20m debt facility.

That period is close to ending and Angus can turn its attention to its future development.

True. There are also the planning rules, the environmental activists and legal procedures to take into consideration.

In Saltfleetby, ANGS possesses a source of recurring revenue and cash.

The £20m debt facility is underway, so the company should soon be sitting on cash in excess of its immediate requirements.

Imho, these are strengths that should not be under-estimated in current market conditions.

Once the global refinancing has been completed ..., the company will be working on 4 main priorities:

1. Optimise the recovery from Saltfleetby Field and the value of the field ...

2. Generate value for shareholders from the currently shut-in oilfields operated by Angus in the south of England ...

3. Initiate a project to evaluate the longer-term potential for gas storage or gas disposal at Saltfleetby.

4. With the company’s financial situation secured, look at growth options for Angus.

(abbreviated answer to Investor Question asked on 01/02/24)

Not Oofy P but can provide an answer:

GL sought to raise funds via debt in order to relieve the strain on shareholders but he never said there would be no further placings.