Member Info for ocelot

We know the gold is there, we know it commands a very substantial premium.

We also know the work Alba has undertaken to get this far.

Maybe it is time for the share price to begin to reflect some confidence in the desired outcome.

Thank you for your post, scotalba - here is hoping your leading Clogau expert's professional opinion proves to be on the ball.

Harbour Energy’s acquisition of LLOG Exploration is a ‘game changer’, says Jefferies.

Analyst Mark Wilson retained his ‘buy’ recommendation and target price of 290p on the North Sea oil and gas explorer, which was trading down 4.9%, or 10p, at 196p after confirming its expansion into the US with the purchase of Gulf of Mexico group LLOG in a $3.2bn cash deal.

‘This is a game changer of a deal for Harbour Energy,’ said Wilson ... (from Citywire).

Somebody else buying into the Gulf of America/Mexico.

Yes, 5 trades, 1.4m shares, quite a high average trade size.

That Alba should speak of it

"A positive update from Angus, which has clearly secured the support of the Company's main lender, Trafigura, to reinvest cash flows that were likely earmarked for debt repayment instead into production enhancement projects at its key Saltfleetby asset". (analyst comment from ANGS's Nomad)

... What this appointment shows is that Trump's ambition to control Greenland remains undimmed.

As with his military and rhetorical aggression towards Venezuela, it indicates Trump is determined to gain greater control over what his recent National Security Strategy called "the Western hemisphere", a sphere of influence that he hopes will cover the whole of the Americas ...

https://www.bbc.co.uk/news/articles/ckgmd132ge4o

"... care to indicate where exactly you think the dreamy upside is coming from ????"

Waiting for more information re the debt discussions and the potential asset purchase.

Encouraged by the workover programme and its implications.

Bubblepoint,

By all means try to read between the lines of RNSs if you can, but the ongoing workovers clearly reflect Trafigura's support for Angus, I fail to see there is anything to be gained by arguing otherwise.

Was simply using the words of the Nomad's analyst:

"A positive update from Angus, which has CLEARLY SECURED THE SUPPORT of the Company's main lender, Trafigura, to reinvest cash flows that were likely earmarked for debt repayment instead into production enhancement projects at its key Saltfleetby asset ..."

"Translates to :

We will fire up the confetti factory production line at full throttle, ..."

Who do you think of as "we"?

It is Trafigura which is clearly supporting the workovers, it is ANGUS which would raise new capital.

"Welsh Gold Legacy, and a New Chapter Being Written for Clogau"

Interesting title of their latest update, it's the "new chapter being written for Clogau" that we all want to see successfully realised.

In fact, I think Friday's RNS may have been a "watershed moment" in ANGUS's stock market career.

"A positive update from Angus, which has clearly secured the support of the Company's main lender, Trafigura, to reinvest cash flows that were likely earmarked for debt repayment instead into production enhancement projects at its key Saltfleetby asset ...

Angus is also continuing efforts to consolidate and refinance the existing debt facilities with its main creditors, in order to better position the balance sheet to raise new capital in support of organic growth, increased production, and potential M&A activity". (Analyst Comment, that of ANGS's Nomad).

The comment speaks of raising new capital. The ongoing workovers provide a positive backdrop for such a raise. Personally, think the restoration of trading may occur quite soon.

I thought it was clear that RH did not leave of his own volition.

Mimbrit,

No, can't help.

Remind you that George Lucan was anticipating the original debt facility would be provideD by an international bank which pulled out because the amount of the facility was too small to justify its investment of time: ANGUS sought £12m, the bank's minimum size was $20m.

The base case for gold is a rally to $4,900 an ounce, with risks to the upside.

The last annual report to 30/09/24 shows negative net assets of £1.574m.

Adjust for the quasi-equity of the borrowings of £3.31m and we have positive net assets of £1.736m.

And there is no broken clock that can claim to be the UK's largest historic producer of gold.