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Well Barclays have managed to convert the name from NTOG to BUCE today. However, there is a message in my S&S ISA saying "This product is no longer eligible in ISA", also they are only providing the option to sell, and no buy option.

It was exactly the same story last month when ICON came out of suspension - same message and no facility to buy. Then 2 days later message vanishes and they provide the option to buy. ICON did drop in price to 1.75p but then rocketed to over 8p.

Something brewing me thinks ;-)

GLA SR

New name - new direction - onwards and upwards.

GLA SR

Don't think they're going to let anyone in for less than 1.4p now!

GLA SR

Issue of Convertible Loan Notes

Proposed Open Offer

https://www.lse.co.uk/rns/KRS/issue-of-convertible-loan-notes-fptj4nwrg596sj5.html

It would be nice to know how many were in the limited series!

UKOG - PPP - ANGS, all currently suspended - it's like the Bermuda Triangle ...lol

God knows what's going on, but can anyone think of a common denominator between all those above ;-)

GLA SR

Well certainly did not expect that!

Trafigura pushed him out as part of those ongoing discussions?

GLA SR

If these events overflow into Strait of Hormuz POO will be much higher than $70pb - more than likely spike to $100-120pb

GL SR

Some point this huge gap up to 0.083p will get filled.

Not saying today, tomorrow, or next week/month, but very possibly later this year, and it will still only have a Mcap of approx. £5.7million - just need the POO to keep rising and it will be sooner rather than later.

GLA SR

https://s3.tradingview.com/snapshots/2/2FDPWLTn.png

It really feels like it wants to break out from these levels - lets see what affect the presentation has on the sp.

GLA SR

Not sure about another placing as they've just raised £1.25mill this month at 1p with warrants (if approved) for another £625k at 1.3p.

GLA SR

Oofy - Angs have clearly stated that they are having positive discussions (NEGOTIATIONS) with Trafigura regarding the resculpting of the original payment schedule and the potential transaction.

"If a company believes that investing available funds into new projects or ventures would yield a higher return than paying off existing debt, it might consider defaulting on some debts to free up capital. The company might choose to negotiate a default to free up the capital for investments that could generate higher returns and secure a more stable future."

Maybe you can see through the mist now ;-)

GL SR

Oofy - from BP's post - "So the remaining £6m + £24m of grace period revenue = a cool £30m, me thinks they need to start explaining themselves !!!"

Maybe that explains where they are getting the money from ;-)

GL SR

Mirasol - not sure why you're such a Debbie downer - at least Angs is a real company with real assets in a 'relatively' safe jurisdiction and as you know that's not always the case on AIM.

I don't read all the posts on here, so I'm not even sure if you're invested in Angs - Me, I'm invested in here, in fact it takes up the biggest percentage of my portfolio.

You can't tell me they couldn't raise enough money to pay the principal payment of £1.25 million - like I've said in previous posts, there's lots going on in the background.

GL SR

The first RNS to inform the market that the first principal payment of £1.25million had been deferred as part of ongoing discussions with Trafigura about resculpting the repayment schedule.

It's interesting to note that from that date until the RNS re: suspension on 19th May, there was minimal volume and certainly no obvious signs of a mass sell off.

It'll all become clear eventually, but I do believe Angus will return to market, and on resumption of trading the sp will either tank due to dilution or rocket due to some incredible news (which apparently was starting to leak) - hence the extremely swift suspension following the market speculation on the morning of the 19th May.

GLA SR

Humberside

Really

Well Mr forrest said this in March 25

"Paul Forrest, on behalf of Forum said "as a committed shareholder, this conversion reflects our confidence in the Company's future and its continued growth potential. This is a long-term commitment, and we look forward to the Company returning value to us all."

I'm sure he will accept some discounted shares ;-)

BTW - Some great discussion on the BB this morning.

GLA SR

Because that would not let 'others' in at mates rates ;-)

Todays news is about the exploration, but ....

REMEMBER - From 23rd April

Great Western chairman Brian Hall commented: "The price of gold has never been higher than it is today. The Western Milling Joint Venture began as a very low-cost project to process its partners' own material and has achieved a great deal with limited funds, despite frustrating delays. Initial trial production could begin at any time but, to become an effective and significant revenue generator, we now consider that Western Milling's capacity should be expanded with external finance and independent engineering and we are in early-stage discussions to achieve this."

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ALSO ...........

Given the prevailing record price of gold, the absence of any other commercial milling operation in the locality and a number of recent approaches from other local claim owners with available material, the joint venture partners are planning to expand the Western Milling project. This will require some third-party financing and the introduction of a specialised mine engineering company with the relevant expertise and a proven track record to upscale the mill and bring it on to full commercial production.

The Company is in early-stage discussions with financing parties and has identified and received initial proposals from two mine engineering houses with the right qualifications to manage this phase and subsequently monitor commercial operations.

The Board of Great Western considers that third party financing and the introduction of a dedicated, specialist team for the project will accelerate the expansion of the mill's operational capacity to generate meaningful gold revenues without further recourse to shareholders for this purpose, enabling the Company to remain focused on its highly promising copper projects and gold exploration prospects.