Member Info for SillyButtons

Ah now BV, you contributed more than your share of BS. you could of just answering my questions instead of swerving and ignoring them. (eh! lol!!)

You said you always get them answered, i figured as a significant shareholder you might be interested in having the issue clartified and you get answers so maybe you would send it also.. you said you wouldnt so i did..

And just to correct the BS from you last post, i am not alias (for the umpteen time telling you), I am a shareholder and i am not on ADVFN.

BV,

I see your grasp of irony is as loose as your grasp of reality & truth.

No worries i will ask the question myself..

BV,

lovely winding monologue there, almost as if you were swerving the questions i asked you because you answered none.

but you wouldnt do that.

i have no isue answering yes or no, but i asked you questions you havent answered. you answer my questions & i will happily answer yours .. we will work chronologically

BV,

so when you siad yesterday that it was an already asked question, what were you referring to?

"plus the most popular 10 Q&A's get priority." & " it's pointless anyone asking the same Q&A twice."

surely this is contradictory? surely the more time it is asked by different people, the more popular it is and therefore it would be more likekly to be answered? no?

Irrespective, you seem to have the direct line and claim to get all you questions answered, so use you power and get it answer for me.. today is the 19th

"Unfortunately for you not having Shareholder status". and how would you know if i am or not?

BV, "As far as your already asked Q&A is concerned, it's pointless".

A its not pointless.. the difference is whether the breakeven point means wholesale gas prices need to be 0.87/therm or 1.26/ therm.. significant difference there.. so very relevant. Would you mind linking to it on the investors questions page please.. i dont see it there?

"Who else do you think is going to complete the new Finance SB."

the company has an experienced CEO, board of directors, Aelph, Consultants and a management team.. surely between the whole lot they can fill out a bank business loan application form? or do you think the company has such little credibility left that they need GL & his loan shark contacts to get finance?

And talking about swerving, still waiting on answers to some i asked you earlier.. any hope of any answer?

BV

Plenty of people on social welfare "AVAILABLE", doesnt mean they are working.

And if it helps you to understand, i will put it caps & quotations for you "GEORGE LUCAN HAS FORMALLY STEPPED DOWN"

"as long as Angus is making a lot more cash with the hedge unwind, that's all that matters to shareholders" I agree, the issue is Mecuria like making cash too..so why are they doing this to benefit Angus at the detriment to themselves?

Also are you going to put that question re 3Q24 to the Investors Questions?

BV,

Since its so important to you here it is, no issue for me to post it..

"Forward Hedge Management

The Company's hedge counterparty has agreed to allow the Company to crystallise (i.e. unwind) 50% of its forward hedge liability from Q3 2024 to the end of the hedge profile in June 2025. Settlement for each unwind is deferred until the periods in question and no interest is being charged. The resulting hedge profile will leave the Company and its shareholders with more exposure to upward movements in gas prices going forward."

i did point out the possible bad news.. its 4 line long and no details on how it will work.. based on historical rns info, the lack of detail has been bad..

and before you reference the "details" in the RNS of the 21st of July, they are ambigous and along the line of the "no Upfront Cost" for deferring the hedge. And since you you are braging about getting all you investors questions answered, here is a question you can ask.

'In realtion to the partial unwinding fo the hedge, in 3Q24 for the 1,840,000 therms, are mecuria getting paid 1.226/therm or are they getting 1.226/therm less the hedge rate of 0.356 leaving them nett 0.87 per therm.'

be useful for a change and get that answered..

And as regards GL, as per RNS 15th August: "Angus Energy plc (AIM:ANGS) notifies shareholders that with effect from 14th August 2023, George Lucan has formally stepped down from the Board and the position of Executive Chairman as scheduled in the RNS announcement of 14 July 2023"

of the if you are referring to this:

"but will remain available as a resource for the Company for some months after that to assist in the prospective global refinancing as well as our longer term gas storage project."

that is just George saying he will make himself available..Doesnt mean his offer will or has taken him up!

one would hope they dont given the financing arrangements he has put togther for angus so far, although i wouldnt be surprised if Mecuria insist on his involvement in the refinancing give how well they are doing out of his previous arrangements.. he is probably on a retainer too..

Irresepective he is no longer an angus employee, just accept it BV..

and now if you could do me the curiuosity of answering the questions i asked you., to use your terminology., why are you such a dix?

To answer your question BV. "Now please do try to tell shareholders where the possible bad news is from the "Forward Hedge Management" paragraph in the 14th July RNS".

Its 4 lines long and has no details on how it will work.. ambigutiy in an Angus RNS has not been good for shareholders historically..

and as i am sure you remember, there was no bad news in the RNS paragraph informing us of the "no upfront cost" to deferring the hedge quantities that were missed. look how that turned out..

but then again i have informed you numerous times i am not an alias account and you cant seem to grasp that..

You also didnt seem to have forgot GL left on 14th august when i mentioned it last week. anyway a few question for you BV, Why are you such an ass? why do you feel the need to insult anyone you disagree with on this board rather than propose a counter arguement? Is there a reason basic civility is beyond your ability? what is wrong with you?

I wouldnt be championing / celebrating the unwinding of the hedge just yet BV, see how it plays out..

No more that the "no Upfront Cost" roll over the hedge that had a significant cost in the back end, there could be a nasty sting from unwinding the hedge..

Mecuria arent philanthropists, they are not unwinding the hedge to the benefit of Angus and detriment of themselves..

I see our tin pot dictator is still trying to cencor the board..

how are you holding up bv? almost the one month anniversary since your lord & saviour GL left..

Has Anyone any thoughts on any upcoming news or event that might lift the shareprice significantly in the short term?

Personally i dont see any and i think it will be the long wait to clear the debt and start accumulating cash before there is a significant lift in the SP.

Anyone any other thoughts on a catalyst for an increase ?

Thanks Gallder,

I did take note of that line and but i am not convinced it offers any clarity or assurances.

Possibly being cynical from previous experience(no upfront cost), but when preceeded by the ambiguity of the details of Whether the 1.226 is the agreed spot price for Mecuria or exit price (as hits refered to it), it could be argued/implied that the 'Settlement of these transactions will take place in the future in the normal way.'' is in reference to the procedures of settling daily & payment terms and not neccessarily the hedge payment given that the hedge has been 'unwound' for this specific volume.

i just feel if it was as straight forward as you calculations suggests it is, angus would have referenced that a daily spot price above 0.87 would represent an additional income over the usual hedge arrangement under this deal and given the current spot price is floating around the 0.80 mark, i dont see why Mecuria would agree to it heading into winter..

Hits

"However, on a re-read of the RNS, your other take also seems possible, i.e. that ANGS and Mercuria agreed an exit price per quarter on 50% of those hedged volumes. If so, then ANGS has fixed its liabilities on that 50% to c £9.2 million over the final year (Jul 24 to Jun 25)."

This is a significant increased risk to Angus & shareholders if we require gas prices to be consistently higher than appox 1.586/therm for the quarter than 1.226/therm, the latter seems much more achievable from the current price..

HITS & OP,

Thanks for acknowledging my query.. as i said it could be Murcuria transferring risk to angus due to current volatility, but this is not the first Angus RNS i have read and the ambugity has a history of biting shareholders down the road.

I hope Gallder (or someone else) may be able to clarify or offer a reasoned opinion.

I asked my query initially almost exactly 2 days ago but BV hijacked the thread ( i have to accept some reponsibility for replying to them) and the (valid i think) query was lost in the nonsense. i think this is worth remembering when they are querying motives in the future..

OP

" ....it begins, once again, to look like a good deal for Mercuria"

It has alway been a good deal for Mercuria, they hold all the Aces and will hold tightly to them to stay milking the cashcow that is SFB for all they can..

We were told that rolling the hedge last year would have no "upfront cost". Turns out there was a back end cost and it has be pretty expensive for Angus..

I dont see the reason Mercuria would agree to the "unwinding" of the hedge.. what is the benefit to them other than transferring the risk to angus?

Thats why i asked the query of Gallader, 49 post ago on this thread, if angus were getting the hedge price as part of this unwinding or if angus were foregoing the hedge payment and mecuria are getting the settlement rates and therefore the breakeven would be higher than gallader showed in their analysis.

I am wondering have Mecuria arranged to get themselves the 1.226 etc or are they getting 1.226 less the hedge rate of 0.356 leaving them nett 0.87 per therm?

OP maybe it should be changed to "Or ENVIRONMENTALISTS who drive cars?"

BV,

At least their posts are pertinent to what happening at angus, you should try it some time..

and I dont know know why you would be bringing up peoples posting history given yours..

Bv,

Your becoming the new Adrian. Get help..

BV,

Shall i take your response as a no?

that you dont have anything useful to contribute to my question? (eh! lol! )

Hi BV,

Thought you were using your robday account to censor the board these days, eh! lol!

Have you anything useful to contribute to answering my question???

Hi Gallder,

Just trying to understand the unwinding of the the hedge and hoping you (or someone more knowledgable than me) could correct my understanding of it..

Would i be correct in saying that angus have bought back 50% of the hedge volume to mecuria at the stated values?

And in doing so, for that 50% volume, instead of recieving the 0.3560 per therm from mecuria, angus shall be paying Mecuria 1.266 per therm and therefore need a price of 1.622 to breakeven and anything above that is a gain?

Regards

SB