Member Info for ocelot

Bravo!

10.97bn shares at 11p = £1.2067bn NOT £8bn.

Yes, I read the conclusion of the Planning Officer's report in the Drill or Drop article published at the time.

... A preliminary finding by the Planning Officer at West Sussex County Council has prompted us to rethink aspects of our proposal, withdraw and we therefore shortly intend to resubmit our Planning Application for a shorter well test duration. We would still aim to be looking at operations and cashflow from this asset in this calendar year. (Half-year report RNS of 23/06)

Finance doesn't seem to be a problem: GL has said that, if an exceptional opportunity arose, he would find the necessary funds.

The key to ANGS's near future is the operational delivery of Saltfleetby, as close to the planned timetable as is possible.

What I meant by settlement terms is in what proportions the payments for the kit will be staggered?

Alan2017 tells me it's in the CPR, so my question is apparently redundant.

What will be the settlement terms for the kit they are aiming to install in Q4?

per advfn.

Less than these last few days, but still very healthy and not so long ago would have been considered a big figure for the whole session.

Net assets at 31/03/20: 2.07p per share (£11.116m)

Net present value at 01/01/20 of the Saltfleetby CPR mid-case forecast (p53): 4.69p (£25.2m)

Even before we receive further updates re the progress of Saltfleetby and Balcombe, a case can be made imho for ANGS to be valued in the 2.50-4.00p range.

do inject £258,750 into the company's coffers.

Not a fortune, but not negligible either.

As per page 47 of the Saltfleetby CPR:

AEWB No.3 Limited's tax losses at 30/09/19: £15.64m
At total tax rate of 40%, value to ANGS: £6.256m
= 1.16p per share

PPS: what I think UKOG also shows is that former shareholders, of 2 or 3 years ago, can pile back into a stock once they become convinced it has touched bottom.

First Equity's non-independent research report produced a target price of 0.56p.

It included a valuation of Clogau on the very conservative assumptions outlined below:

Our valuation is based upon the assumption that only 40% of the gold on Alba’s
licence has been mined to date, hence the exploration upside could be around
127,500 ounces of gold, if not more. Each ounce of exploration upside is valued at
an initial modest value of 1% to the current gold spot price of around $1690 per
ounce (Fig 10), along with a 100% premium for ‘Welsh’ branded gold, which gives a
valuation for Alba’s 90% stake of $3.9m (£3.1m). This base case value for Clogau
could be upgraded once we understand more about the licence area.

https://www.albamineralresources.com/ul/Alba%20Mineral%20Resources%20Research%20Note%20-%20First%20Equity%20Limited%20(June%202020).pdf

at 0.125p.

PS: and the extraordinary thing is that, when they are satisfied the signal has been given, they all tend to come on stage at the same time!

What is relevant to Angus is that there are very many PIs out there who do not participate in this, or other, board(s), but who are waiting in the wings for some kind of a signal to come on stage.

gkb47,

It's off-topic for this board, but, no, it is not clear to me what suddenly triggered such a rise in such big volumes. For myself, it's, above all, because the stock was oversold.

On 05/03, the day of the Saltfleetby CPR, ANGS surged upwards to about 1.25p, in volume approaching 30% of its total issued capital, before coming off at the close.
These last few days, UKOG has gained about 75% in very big volume and it's still not entirely clear what triggered the sudden interest.
Could something similar happen here?

On Dame Vera Lynn's death, I posted a message headed "Let there be blue skies over HH".

Someone up there was listening!

The discount RATE on p54 is 10%, agreed.

The discount rate is the rate employed to discount future cash flows in order to produce a net present value.

DCF, discounted cash flow analysis.