Member Info for ocelot

Any significant rise in the share price could help to accelerate growth:

1/ there's about £2.2m of cash potentially involved in the (1.5m + 0.15m =) 1.65m warrants issued with the placings of earlier this year, warrants which don't expire for 2 years;

2/ a higher share price would open up the possibility of external growth.

If all goes well, the potential is there over time for a market cap in excess of £100m (imho).

Geothermal is the opportunity they valued at £8m in the sum-of-the-parts valuation of the June presentation AFTER a prudential discount of 90%, so at £80m before the discount.

They could have deferred their salaries instead, after all in a few weeks the money will start rolling in … no?
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Directors' salaries in 2020: £415k.

They would need to defer their salaries for about 1 year and 10 months to raise £750k.

Still early, but no signs of any real flow back. For the present, therefore, it looks as if the placing has gone into firm hands.

It took WH Ireland 1hour and 43 minutes to raise £750k on Friday afternoon.

Clearly, therefore, they knew precisely who to contact (having, perhaps, received expressions of interest beforehand).

Personally, I think Yanis has been right to average down, I think it will come good for him (over time).

Will keep comments on UKOG brief, because it's not the UKOG board:

has suffered a string of setbacks, but continues to hold a range of potentially valuable assets. Share price down at the bottom as the market awaits news re one asset or another. No shortage of negative trolls on the board. Wouldn't take much to provide a fillip to the share price at its current level.

Remain here because I think GL and colleagues are in the process of creating something of considerable value, in both the short and the longer term.

Don't fully understand why the stock is so undervalued (not entirely convinced by the "lack of credibility" argument - for how long can "lack of credibility" remain credible when things are obviously progressing), but do expect the market to revise its opinion of Angus in a big way in the coming weeks and months.

If all goes well, then believe the share price has a long way to go up, maybe back into double digits again (but not sure of the timeframe on that one).

EchDelta,

On this board, there have been negative posters active ever since the Brockham RNS of 28/06/19 (they may have been active before then, but I wasn't reading the board regularly at the time).

It is so easy to criticise, one can always find something negative to say if one is that way inclined: yes, the sky is blue but it's not as blue as it was in my younger days, etc. etc.

So I don't read the filtered thread of the other site and I have filtered most of the derampers on this board, with the exception of WG818, just to keep in contact with what "the other side" is saying.

WG818,

Why on Earth would I unfilter wolfofthewoods? I am very comfortable having the whole thread filtered.

Saudi Arabia raised oil prices for buyers in Asia and the U.S., signaling it sees demand staying strong despite the spread of the omicron variant of the coronavirus ...

Saudi Aramco increased January’s prices for all crude grades that will be shipped to Asia and to the U.S., according to a statement from the state producer. The company raised its key Arab Light grade for customers in Asia by 60 cents from December to $3.30 a barrel above a benchmark ...

While Aramco’s price increase was in line with a Bloomberg survey of traders and refiners in Asia, it suggests bullishness on the part of the company’s management. Chief Executive Officer Amin Nasser said last week he was “very optimistic about demand” and that the market had over-reacted to omicron ...

https://www.bloomberg.com/news/articles/2021-12-05/saudi-arabia-raises-oil-prices-for-asian-and-u-s-customers?sref=Em01M8Hr

I don't see any of the posts on that other site.

The thread was created by a poster I had filtered with the result that the whole thread is filtered.

Sorry, CynderLad - I have him filtered and have seen the other name used so frequently on this board, I forgot his real name. My apologies to CynderLad, no offence intended.

Ibug,

CynderLiar, cyan, for starters.

The posters on that other site are doing what they can to attract attention to ANGS: currently no. 2 amongst the top share forums.

Ibug,

If you are going to criticise posters for expressing opinions on UKOG when they are not invested in the stock, then you have your work cut out.

On the basis of the figures provided by Yanis in his posts of yesterday at 14:27 and 14:28, the average placing price under GL works out at 1.585p.

In retrospect, one can see he did very well to raise a total of £5.2m+ in the 4ps in the first half of 2019.

EchDelta,

Personally, very relaxed, believe we are participating in the creation of significant value, in the short term and over the longer term.

We are in agreement, EchDelta.

£12m debt facility in place, £750k of equity raised, aiming for 1st gas by the end of February, Lidsey looking pretty promising, 5 potential sites lined up for geothermal, the future has never looked brighter during my involvement with the company, as far as I am concerned.