Member Info for tony_currie

Just to add to PUSH2 comments it also looks like the new SF7u productive length is longer than the original very productive SF1u

https://www.angusenergy.co.uk/media/investor-questions/#h-answered

Best answer

Please can you confirm that the cost of the sidetrack will eligible for the UK’s Energy Profits Levy Windfall tax rebate of 91p of every £1 spent on fossil fuel extraction? Asked on 2 March 2023
Our tax advisors have confirmed that the costs of the sidetrack are indeed eligible for deduction against the energy levy although the exact mechanics of the deduction are complicated.

Here we are in March - we know the submission of the EIA will take place on/before the 17th. That gives us the timely count down of 50 working days to end of May.

SAV have done everything possible to get this passed. Simply put Portugal will be out of Lithium if they don't pass it!

After hitting 20 percent drop now down just 15 percent.MM gathering shares or leak of news?

WG818 - why always so negative? Yes, the sidetrack is important but you state an absolute lie in the statement below. Angus themselves have stated we are meeting the hedge. Angus ARE being payed for the Hedged amount Circa £1 million a month and we are exceeding the Hedge amount by circa £500,000 a month. That's without concentrate and oil. Please do not state false information!

"they are very likely actually losing money at Saltfleetby at present (even with the condensate)"

What was the crane for?

Push2 aby ideas?

Bert Monro, Chief Executive Officer of Cora, commented, "I am very pleased with the strong support received for this fundraising from many of our existing shareholders as well as new investors. Over the coming months we look forward to providing progress updates on our flagship Sanankoro Gold Project."

17th of March gives an EIA decision by 31st May 2023.

Will be huge for shareholders.

So drilling gone beyond 6th of Feb but on the bright side no fracture yet!
Additionally ..
1)we are beyond the last scheduled days of drilling suggests we are much further along the hole than last time.
2) Angus unlikely to Tweet still drilling if they had an issue.

Share just shot up 3.3% (not earth shattering) but two PME's as well? Has a RNS been logged or are there big orders to fill?

Thank you again for your answers and contribution to this board.

Push2 I believe you have lots of drilling experience and you are the most knowledgeable person on this board.
1) could you explain what is meant by a "difficult fracture"
2) drilling some 200 metres below the fracture is this purely speculative that they will miss the original fracture or is there some science behind it?

1) First Horizontal met a difficult fracture zone
2) Second drill parallel with first line, drilling to a deeper 2,800m (avoiding fracture)
3) 5-6th Feb Liner / Casing
4) 7-8th Feb Clean up
5) 9th Feb Completion
6) 10th Feb Testing Commences (expect announcement)

https://twitter.com/angusenergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

The study forecasts that Europe’s reliance on China for the refining and processing of battery metals could also fall dramatically – predicting more than 50% of Europe’s refined lithium demand can come from European projects by 2030.

There are now no lithium refineries in Europe, and about 90% of the world’s processing of the meta takes place in east Asia. But refinery projects under way in Germany and France are expected to boost Europe’s prospects, and planned EU legislation on critical raw materials is designed to ensure they meet high environmental standards.

SAV have done everything to meet the Environmental standards - if they don't get approval Europe is in trouble!

https://www.theguardian.com/business/2023/jan/24/eu-could-end-reliance-on-china-electric-car-batteries-by-2030-investment-joe-biden-369bn-green-subsidies

Issue of outstanding shares done. It's now an open goal for The RNS!

Some big buys this morning.

Good to know that as of the 21st of Jan we haven't missed the Hedge amount on any single day, even when maintenance was scheduled!

Interesting this morning that Kodal Minerals today announced they had received $100 million for their Mali Lithium project (shares up 61%).

Shows Mali is still very investable and bodes well for Cora.

The salient point about this rumour is that it caused lots of trades and a rise, image what a positive RNS on the sidetrack will do!

I have asked for clarification via investors questions on the Angus web site.

"There appears to be anomaly on the NTS Physical Entry End Of Day (NTSEOD) Gas Day: 13/01/2023. Saltfleetby has a System Entry Volume, EOD (mscm) posted of 21.42800 L.

This is higher by a factor of 20 than the usual daily output. Is this an incorrect submission or an adjustment to previously posted daily submissions?"