Member Info for ocelot

PS: there has been no U-turn in my "strong buy" opinion of ANGS.

If I did, I would have resigned by now!

PS: used "that" too many times in my sentence below, apologies!

gkb47, simply saying that there HAS been some slippage, but that the company has achieved a lot during that time - not sure saying that is enough to qualify me as a politician.

Re politics, there is a problem, how to attract recruits of a better quality? but that is to digress from ANGS.

From his interviews, had the impression GF has been approached by more than one jeweller including at least one high-end luxury name.

... an off-take agreement for the entire production from the Saltfleetby Gas Field with Shell Energy Europe Limited, a division of Royal Dutch Shell plc. The terms of the agreement are in line with the assumptions used in our CPR and we are pleased to have such a robust partner for gas sales. (RNS of 12/08).

That Shell has accepted the "assumptions used in our CPR" provides the CPR with very considerable credibility:

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

There has been slippage vis-a-vis the original timetable, agreed.

On the positive side, approvals/permissions have been obtained from the OGA and Lincolnshire CC and National Grid and Shell are on board.

Don't see investors waiting until gas is flowing before taking position, but don't know at what point they will, (in the meantime, the stock continues to offer a cheap buying opportunity).

Crowd psychology comes into play, when enough individual investors begin to move the price up they will draw in others.

The present price incorporates a lot of bad news, that's for sure.

Seems to have established a base around the current level, await a recovery, the dimension of which will depend upon developments.

We just need a few more to come to the same decision as yourself, MrNation.

What I suspect will happen is that everybody will arrive at the same time!

Net present values as at 01/01/20 of the mid-case forecast (p56):

discounted at 10% pa, £25.2m or 4.17p per share;
discounted at 5% pa, £29.9m or 4.95p per share.

These figures have not begun to be reflected in the share price.

+ about 87m on Nex.

0.23p isn't the closing price, it's the price of one of those late-reported deals.

The closing price is the price determined during the closing auction, which is usually determined at 4.35pm (unless there are one or two 5-minute monitoring extensions.

The closing price doesn't necessarily have anything to do with late-reported deal prices.

... Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday. The combination of a stalling Asian demand recovery, the end of the U.S. summer driving season and increased supply from the OPEC+ alliance are signaling a bleak short-term outlook for oil prices... (Bloomberg)

Virtuous circle - rising share price enables them to raise more funds which they can invest in the business to raise the share price further.

The placing was itself for £450k so that has now increased the total proceeds to £700k.

That's £250k out of the original £450k.

Alba Mineral Resources plc (AIM: ALBA) announces that it has received a notice to exercise share warrants with an exercise price of 0.13p per share. The total number of share warrants exercised was 192,307,693 for total proceeds to the Company of GBP250,000.

Now realise what you meant by POG!

Even First Equity factored in a premium of 100% in their very conservative valuation of 15/06.