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Personally I think GL is a desperate man, 50/50 whether we get this loan, but if we do I think it will be on a lot worse rates than already mentioned.
Final legalities in Jan 25th RNS to letters of interest in next , 12-20m of Loans to a
Company with under a £10m market cap, never having delivered on anything.
I think most are only still in as not much left to lose in desperate hope he does manage to pull something off for once.
Most just cling to TR1 holder knowing something......but I’ve seen many an AIM investor shafted for much more than them.
Time will tell.....but he’s running out of cards to play....
Hugely into Matd. Mines the buy at 3.07.
So hoping Mike Buck will place after EL to avoid diluting at these levels, although it will be pushing it close to wire as EL unlikely to come before end April Or thereabouts.
You’d hope Matd ready to fly with funding plan on place , farm in partner possibly ready to go ASAP and a small dilution as he indicated to many months ago now.
This is what you’d hope he’s been doing during this down time.
Quicker the action the speedier SP rise. I’m hoping for 12p by end q2......it won’t be as big as some state on here as never is!
I have . I don’t mind people putting balanced questions against a share, but one who ihas under 40 posts, everyone of them on Lansdown or PVR and just pure deramping and mocking other posters is not worth the time of day.....the attentions he’s gained in last few posts probably just what he wants.
Filter - end of.
I think your falling for GL’s sales skill there, he has letters of interest, nothing legally binding.
Let’s not also forget that at end of Jan we were 2-3 weeks off procedural legal docs to finalise loan,
So letters of interest or how ever he phrases it a clear step back from position he claimed end of Jan.
In my view George is trying to make everything look normal, ordering machinery, planning new projects so all
Looks good going forward, when long and short of it is he is trying to get a £12m loan on an item that cost us a £1 and if he doesn’t manage it, there will be no Angus as back up plans are non existent. That’s the reality.
Let’s see if he finally delivers on something.
All that matters is funding.....which he stated he hoped to have completed in March....
So let’s give the guy this short period of time to see if he delivers.......
Nothing more to lose really.....clock is ticking ....
Like Croqman says it’s not hard to rip back out of Angus, but like most here might as well see it through now one way or another.......I think this weeks presentation was all about trying to boost share price or at very least stop it falling heavily,
But it’s mere pipe dreams, we could all write great business dreams but we don’t bother as we don’t have the millions to fulfill them......my final thought like others is.....GL for gods sake just focus on gas production to get us an income and forget the rest for now until we have an income and us long suffering shareholders don’t face more and more UKOG style dilution.
Whilst appears not much to lose at 1p, given i’m in over £3k a point, I have, all be it limited to that .
My concern is we’ll continue to see dilution down to UKOG levels, as I reckon £1.5m will last them 6 months at best.
When you read HISand and GKB’s posts the real black and white of failure upon failure and what would appear lies, it’s hard to see financing coming off......I’m just intrigued to know what the companies next bluff will be when it doesn’t come off....
Ress - yes invested as I believe also is GKB47.
You raise some valid questions......but as GKB47 subsequent post points out, so many many more are unanswered , indeed including on there own Q and A board on website.
With regards the finance now a year since GL started looking by his own admission and still non secured , latest RNS was not
Caused by more wanting to invest but by now needing more than one investor to get money together.
As for a ‘notice of intent/interest’, might as well be written by a bloke down the pub as has no legal bearing, it’s a note, end of, a far cry from RNS end Jan which stated legal side To be done and then draw down will Commence.
So do I think finance will be achieved? Probably not, but like
Many invested here, my only hope of getting any money back.....we’ll find out by end of March if GL is good to his word.....I won’t hold my breath....
I totally understand why people are selling, end of jan we are ‘finalising legal side ‘ of loan and now we are back to ‘letters of intent’, nothing legal. Headinsand says it all, in a rather amusing format and GK47 states in pure fact regularly....just look at UKOG if you think it can’t get any worse, at 0.015p.
What has actually been delivered bar shiny new projects with no funds to
Complete. If there was an oil leak under company Bentley they’d probably start drilling ‘this exciting new prospect’!
This is a pure Punt as to if GL secured finance which he’s clearly already taken a step back with.
Trouble is if I was asked to lend £12m pound on an asset bought for a £1
Needed due to board totally misjudging costs.....would I lend them the money? Would you?
Lol.....great funny post......I’ve a heavy bet (can’t justify word investment) here, but you do have to look on funny side, as your post illustrates beautifully how GL works......many new projects in coming days to keep share price up, all of which we have no money to start/complete, I hear he found oil under his Bentley on weekend, so new drilling campaign there too.....
Let’s just hope he manages to pull at least one of them off....
I suspect the drop is due to people closing positions on IG,
IG emailed clients yesterday advising MATD amongst others has to have 100% margin in by Friday and even then positions closed by end March as they will no longer dealing in 900 small caps .
Many are down today as people exit long positions .
So IG have given to Friday to put 100% in and even then you have to close position by end March or it will be force closed.
Weirdly does not affect Lans.
So I’m considering moving from PVR to Lans which others might do over coming days.
But for sure lot’s of long positions gonna be closed for PVR this week...
It’s not like Angus have a bad track record of achieving results or for screwing over shareholders ......
Mmmm......at present this is Nothing more than a lottery......and let’s get real with Covid excuses,
This has been going on months and we are now nearly a month past initial completion target, so this
Is now a near month on initial target and over by week nearly on extension target.....it’s all gone awfully quiet and could go either way...that’s the reality
Sadly I view GL in same light as Greg Bandy (RMP) and Peter Landau (RRL) amongst others, a good salesman whose upbringing adds to his credibility, he may still pull this off and even above mentioned companies had spikes (all be it short lived),
This board keeps making excuses for him ( I think many think what’s written has huge impact on share price!) but ultimately he’s never kept to one timescale, produced a need for £12m from no where, finance deal with some unknown company and diluted company on top of all that out the blue last week to a huge extent......
As headinsand states, might as well stay in now, come this far, but any spike upwards and I’ll head for hills...
I believe my header was known as ‘sarcasm’....
As for getting repaid, why would they worry with Angus excellent project success rate! (Another example)
Gonna be an interesting few days ahead , at least why have one success in investors financing continually there lavish lifestyles...