Member Info for tony_currie

Also helps foreign owned African mining companies now Prigozhin is out of the way!

Some quick research on Aethel Mining.

Headquartered in London and owned by Ricardo Santos Silva and Aba Schubert.

They have reserves of the Moncorvo mines which are currently valued at approximately 58.2 billion euros.

In 2011, Rio Tinto made an offer of over 1 billion euros for the Torre de Moncorvo mines.

Savannah have to be worth at least the 20p that Dale talked about. That's a company valuation of £365million (over £1 billion pounds of known Lithium in the ground). 20p seems about right to me.

Chin up Wolster69.

No way is anything set to replace Lithium in the medium term. Car manufacturers have committed whole heartedly to it (e.g. all VW's by 2033). The solid state batteries which are likely to be the next generation of battery also use lots of Lithium. Hydrogen is a dangerous fuel and the main reason it hasn't been adopted even though the technology was available long before Lithium batteries.

Interesting that within 2 hours of posting what Angus news we are waiting for both Bubblepoint and HeadinSand give a detailed point by point reply as to why none of it will happen!

Do they have a hidden Agenda ;-)

A bit of confusion on Toyota SS batteries on here. They do use Lithium just a solid Pure form, so Lithium mines are still required!

The structure of a solid-state battery

However, the internal structure of a solid-state cell is very different, as all its parts are solid. While in traditional lithium batteries, the electrolyte is a liquid, solid-state cells are formed of:

A cathode (or positive electrode), which can be made with the same compounds as a lithium-ion battery (eg. LFP, NMC, LMO, etc)

A separator, generally ceramic or solid polymer, which also works as the electrolyte

An anode made of lithium metal (pure lithium)

Aim as usual is behaving totally illogically. This share will have a huge correction, we just need to be patient. The factors that are at play:

1) The refinancing of £25 million debt (due any time)

2) News on permanent flow line and gas generator install (end August)

3) Revised revenue figures, including first full quarter with third well (due end of quarter)

4) Winters coming (gas prices predicted to leap higher)

5) Storage agreement announced

6) Known 300 million Therms to extract

7) Strong possibility of takeover

I'm not a trader but have been successful by following Buffet's advice “If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.”

Surreylad - the CSS storage would add a minimum of 8p to the the share value.

I have been doing some research into CO2 storage. Obviously Saltfleetby will just be a storage site as it is linked into the grid the capture can occur anywhere.

What I was most interested in was the price per ton payed to the site. The Global CSS institute is saying €1-7/tonne CO2 stored for onshore. This would mean even after gas extraction we have at least an extra £300 million in revenue.

Dale Q&A - some great investor questions.

1) Lithium amount likely to go up to 50mt - rigs back in September

2) 40-50 interested parties including Equity groups, Existing hydroxide producers, Battery plants and OEMS. Decision in next 6 months on partner. (cheeky question about meeting Elon Musk for Lunch)

3) European Grants available late next year, early 2025

4) Consciously trying not to dilute shareholder value, true current value 20p and achievable.

Real demand for European mined Lithium. The DFS publication, Offtake agreement and Mining partner will see the share price rocket.

Up?

1) The hedge to be met for the remaining quarters has increased, Angus have obtained a much improved guaranteed price per therm up by a healthy 22%, which means a guaranteed Hedge income around £750,000/month.

2) It is anticipated that production will be maintained at 90-95,000 therms per day over the next quarter - revenue - around £2million a month. Maintaining 50% of gas sales at market price.

3) The new £6 million bridge loan has been agreed keeping the wolves at bay until the refinance package of all debt, the £25 million, is agreed. Once this is in place it's all systems go for Angus and the dividend is on the horizon!

Roadhouse - I believe the market will view the RNS positively and would like to think the SP will rise. The real driver will be the £25 million consolidated refinance package agreement. Longer term Angus have £300million pounds worth of gas to recover, so it's a definite hold with revenue pouring in.

However this AIM!

Very good RNS covering all bases. The devil is in the detail.

1) The hedge to be met for the remaining quarters has increased, Angus have obtained a much improved guaranteed price per therm up by a healthy 22%, which means a guaranteed Hedge income around £750,000/month.

2) It is anticipated that production will be maintained at 90-95,000 therms per day over the next quarter - revenue - around £2million a month. Maintaining 50% of gas sales at market price.

3) The new £6 million bridge loan has been agreed keeping the wolves at bay until the refinance package of all debt, the £25 million, is agreed. Once this is in place it's all systems go for Angus and the dividend is on the horizon!

Vote of confidence with easy raise.

Director buys.

Plenty of cash to proceed to next stages.

A few people asking what are the Hedge figures . Detailed breakdown can be found on the web site in Presentations "Angus Energy – Saltfleetby Reserves Valuation Report (26 October 2021)".

A brief summary and current revenue below. First drop is this month.

Jun 2023 HEDGE MONTH VOLUME MMSCF = 160.96

Jul 2023 HEDGE MONTH VOLUME MMSCF = 137.96

Jul 2024 HEDGE MONTH VOLUME MMSCF = 114.97

Jul 2025 HEDGE MONTH VOLUME MMSCF = 0 (Finished)

July 2023 (predicted revenue)

Therm over Hedge = 3,359,448.12

Price per therm = £0.70

Total over Hedge = £2,351,613.68

Hedge paid to Angus = £548,903

TOTAL = £2,900,516.68

*No Concentrate included

Jus hang tight the DFS is crucial to investment/buyout and the timetable has been set by the company

· Savannah expects to complete the environmental licencing and DFS in the second half of 2024.

Call out to Singhie - accurately said yesterday that it looked like the second compressor was fixed. Thanks for all the info you provide daily.

Correction ends July 2025.

Worth noting that the daily Hedge obligation reduces from this month. Not long for the patient holders to get to Zero.

July 2023 to Jun 2024 = 4.45-4.6 MMSCFD **

July 2024 to Jun 2025 = 3.71-3.83 MMSCFD

July 2025 = Zero

** Down from 5.37

Worth noting that the daily Hedge obligation reduces from this month. Not long for the patient holders to get to Zero.

July 2023 to Jun 2024 = 4.45-4.6 MMSCFD **

July 2024 to Jun 2025 = 3.71-3.83 MMSCFD

August 2025 = Zero

** Down from 5.37

Saltfleetby Sub Terminal = 1,976,667 0.17270 41.25