Member Info for ocelot

Agreed, EOGL.

ocelot 235

Angs's present market cap of £5m is covered by cash and tax loss carry forwards at 30/09/18.

The market values both Balcombe and Saltfleetby at zero.

Should the market come to reassess its valuation of Balcombe &/or Saltfleetby, then the upside potential is obvious.

at 01/10: approx £3.4m
by 31/12: £200k+ from JT-P's loan repayment
31/03/20: £250k from Riverfort*
30/06/20: £250k from Riverfort*

There are also £300k of warrants exercisable at 1.664p with a 3-year term
There remains £1.5m of the original 2-year term YA/Riverfort facility (RNS of 10/01/19)

* they have already paid upfront the commitment fee of 3.5% for these funds

PS: I have treated the full £897,500 raised on 25/10 as blocked

PS: I have treated the full £897,500 raised on 25/10 as blocked.

cash resources:

at 01/10: approx £3.4m
by 31/12: £200k+ from JT-P's loan repayment
31/03/20: £250k from Riverfort*
30/06/20: £250k from Riverfort*

There are also £300k of warrants exercisable at 0.1664p with a 3-year term
There remains £1.5m of the original 2-year term YA/Riverfort facility (RNS of 10/01/19)

* they have already paid upfront the commitment fee of 3.5% for these funds

Apologies accepted, no problem.

proprieties, not "properties"!

Never reported a post on lse, so it wasn't me.

Expect it was admin.

Upholding the proprieties, I imagine.

What happened to your last post of last night, YL, the one that said buying of Angus would be a sign it's being taken private on the cheap?

Just £150k.

"Buys" and "sells" are determined by the position of the trade price vis-a-vis the mid-point of the MMs' spread.

They are all trades, but the allocation to "buy" or "sell" is an artificial convenience.

£5.43m in the last annual report to 30/11/18 (see note 10). Investment in, and associated loan to, HHDL.

kingivor,
Magellan's 35% was in HH, not in HHDL, which holds the other 65%.
Straight application of Magellan's price to Alba doesn't work, because it doesn't allow for the loans Alba has made to HHDL.

omitted a word the first time!

orderly market: avoid weighing down on the price too much, go with the flow.

brickie,

Essentially 2 projects:

Balcombe in the Weald, where ewt planning application was submitted on 02/10 and WSCC now has up to 7 weeks and 6 days to make its recommendation;

Saltfleetby (gas) in Lincolnshire, where ANGS seeks the transfer of the licence and reconnection of the field to the grid. Discussions with the OGA continue.

See the Saltfleetby presentation on ANGS's website (and the RNS of 19/06) for the cash flow projections for the field on the basis of which GL has made a broad brush Net Present Value calculation to ANGS of 4p.

brickie,

Essentially 2 projects:

Balcombe in the Weald, where ewt planning application was submitted on 02/10 and WSCC now has up to 7 weeks and 6 days to make its recommendation;

Saltfleetby (gas) in Lincolnshire, where ANGS seeks the transfer of the licence and reconnection of the field to the grid. Discussions with the OGA continue.

See the Saltfleetby presentation on ANGS's website (and the RNS of 19/06) for the cash flow projections for the field on the basis of which GL has made a broad brush Net Present Value to ANGS of 4p.

Any time.