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Of course the current gas price makes a difference, just as the current base rate makes a difference when the interest on business loans comes into play. If it made no difference then the futures would make no difference because funnily enough, the future hasn't happened yet and models (100% of them) are worthless.
You don't lend millions to a company with one active depleting asset based solely on what some spotty nerd thinks gas will sell for in 3-5 years time. That's called stupidity, you lend based on current performance and what is contained within the field. Lenders need to guarantee there will be enough gas production left to repay the debt over a number of years (and then some for a cushion).
Plus, the gas price is moving down and at some point it will impact profitability, so the risk modelling (also useless but they need to pretend to do it) will add further discounts which in turn will result in higher rates/fees to ANGS. Then there's the main point, the ANGS factor, they are atrocious and fail often. The field is already not performing very efficiently, the sidetrack has cost WAY more than the supposed benefit of doing it in the first place, and it would've been better to not do it at all and just sell what was being produced to pay off Mercuria while the prices were high (ANGS missed all that £6.00 level gas due to technical failure).
Suits and ties will continue to benefit here, and IF a one off debt deal is agreed, it will have massive fees attached and the interest rate will be credit card levels.
Wonder why it hasn't completed yet? (rhetorical)
Jaguarflush
It happens often, it isn't an issue with PREM and a tiny smidge of research would show you that as per below:
"We’re aware that some customers are having difficulties obtaining quotes for UK stocks due to an issue with the London Stock Exchange. We’re sorry for this disruption to our service"
You can get some more ever diminishing golden tickets soon enough once LSE fix the 'deliberate' issue with their platform.
Maybe the silence has been broken behind the scenes and GR has pulled another Force Majeure. Maybe Canmax asked for their money and GR said there isn't any. Maybe we've been suspended and the RNS hasn't arrived yet.
Or maybe it's one of the usual problems with LSE. Doesn't really matter, the only people 'apparently' buying shares are you, Hasiba and a few other people on here who have yet to wake up.
Alarm clock will be buzzing soon enough, big 'top up opportunity' on the way for you and the clan.
Nonsense, it's massively overvalued as it produces nothing to sell and has failed due to technical incompetence and poor quality feed material.
More cash needs raising/spending to access lower levels of dirt containing the better grades. Then again, GR told us he had over a month's worth of feed material at the mine head ready to go, which turned out to be contaminated washed out soil that couldn't be turned into SC6.
Please stop with the (I WANT it to happen so it WILL happen) delusion. Nothing PREM/Stark have done to date has indicated success is likely to be the next RNS here, the opposite of success is the 'likely' outcome.
The fact there is still no RNS about the new, new, new, missed deadline to supply or pay Canmax says it all.
I'll check back when I'm home later but I suspect the silence will continue (or be broken by an ambiguous RNS with a dilution element contained within).
FYI
The posties in Liverpool Delivery Offices are busier than they've ever been. One manager in a large office has said he's never seen it so busy and he's been there over 30 years. Yorks are backed out in the loading bays and outside covered over with plastic while they 'try' and clear what they have already piled up.
Warrington Mail Centre is jammed most days, and the amount of medium/large parcels being sent is taking up a shed load of room making the backlog even worse downstream. Walks in the office that delivers to my postcode are failing daily and it looks like they've basically given up trying to abide by pre-set targets.
The revisions to walks by removing some completely and adding bits on to other walks has caused my long term postie to quit (take redundancy), and the other one who'd been on the round for over 10 years to disappear. The new postie who delivers to my address is from a different area and has had my road added to his walk and he's clearly struggling (even with his young new apprentice who I reckon will be gone by January as he doesn't seem to enjoy his new career).
I imagine RM will announce record volume after Christmas but I highly doubt it will translate to profit due to the atrocious lack of basic efficiency, and the stupid idea to 'manage out' some of the posties who were best suited to the job at hand. Missing/late delivered parcels and other mail will end up costing RM, and operational costs/redundancies etc will hit the bottom line.
If they can't make a big profit at a time of record volume, something needs to change quickly or the shorting sharks will be back (open goal).
Merry Christmas
Onetomany has clearly had one too many.
'0.45p equivalent, it's coming.' There, fixed it for you.
And as for ANGS ever seeing 4.5p (without a consolidation), there's more chance of a fat man in a red suit landing a sleigh on your roof.
Sound Energy offered 1.5p for 51% of an unbuilt SFB that hadn't even begun to spit out gas. ANGS are supposed to be a gas producing company, which would naturally mean they 'should' benefit from record high prices for the commodity they sell but no, Lucan the liar decided otherwise.
They drilled a sidetrack that cost many multiples of what it was supposed to cost, and it has added a pitiful amount of additional gas and hasn't even matched the output it was 'conservatively' expected to produce. The daily flow rates are up and DOWN more times than a tart's undercrackers, and the debt remains obscene considering ANGS has been in production for over a year.
The CEO himself stated in an RNS that they will have to look at 'inorganic' opportunities to head towards a market capitalisation of a measly £100 million, so no, 4.5p is a pipedream (sorry, didn't mean to say pipe, the ANGS technical team struggle with anything that has pipes, particularly if they have anything to do with drilling or extracting gas).
Mercuria, the mis-managers/directors of ANGS, and a gaggle of bucket shops are the only people who have witnessed value here. Shareholders were, are and always will be the last pups at the bowl in ANGS.
Angus Energy, the only hydrocarbon company to turn record high prices for what they sell from an asset into a liability.
Quality management, Lucan and Herbert for Number 11, roll on the budget.
No it isn't worth watching again, it wasn't worth watching the first time and it does not contain any CONFIRMATION that SC6 is being produced (it isn't), or will be produced in the next 2 months or so (it won't).
It contains nothing at all from Canmax who are the most important element in this equation, and it contains nothing of value at all because GR's lips are moving.
The 25th November end date for the revised, revised, revised agreement has been and gone with no RNS. The 30th November (which GR incorrectly put in the revised agreement RNS) has now been and gone, and the share price is down another 11.36% which means all the idiots who've been virtue signalling their 'accumulation top ups' are now even further under water, and they are so low they are approaching Shark S h i t terrority.
The massive dilution that's been worked over the past couple of weeks will come to light very soon, and he might add a few billion warrants in there to 'sweeten the deal' for the hyenas who feast aplenty every time George FAILS to achieve anything that can be construed as successful.
Canmax are 'probably' going to enforce full payment terms, I know I would. Then they'll end up with an equity stake on top of their shareholding in PREM which will put a nice bow and ribbon on ZULU and Canmax will end up with most or all of it during 2024 (if they want it that is).
RNS Silence is never Golden when GR goes into his well remunerated shell.
Tick Tock
Ibizamatrix1988
Cracking post mate, best I've read in ages. The only addition I can make to that is that I think you've been way too 'fair' by saying the BoD have suffered the most financial pain. They were awarded free and/or low cost shares at fractions of a penny (where the price is heading again very soon), and have basically STOLEN high wages for the past 4 years while destroying the company.
Every day they sit in their (home) office with their feet up, is another day of unearned 'wages' while they mothball the next to useless West Kytlim, and continue to PAY a storage company to hold some bags of unprocessed sand.
They are no doubt trying to last as long as possible on high wages before the curtain comes down and they blame anything and everything for their apocalyptic failure (but not themselves, perish the thought).
Our M&A Officer Dmitry can't even spell M&A, and the 'expert' they brought in to 'significantly speed up our Russian assets sale process', immediately engaged Reverse Gear and did the exact opposite to what he was employed to achieve. Yet another 'carrot' they successfully dangled.
This Board of Incompetence should've used MT to plant carrots, they are 'experts' at dangling them so it would've made more sense to build a few hundred square miles of Polytunnels and grow them.
It would also provide adequate amounts of Vitamin A to improve the eyesight of the BoD, so the Low Visibility can become ACTUAL visibility.
Kola Carrot Cakes all round!
Well done Panino on acquiring 1 million shares at an ever decreasing price. Bonfire night has been and gone but you clearly enjoy setting fire to money so good luck to you. I'm sure the 'obvious' sale of assets will happen in the next 2 weeks to allow time for an EGM to be called, a vote to occur, cash transferred, fees/taxes paid etc, and then the roubles exchanged for UK pounds and wired to UK brokers and available to shareholders before the market closes for Christmas.
This is the monu(mental) sale of 'assets' that couldn't be completed in a time of peace, while the metals we had licenses for were in a once in a lifetime bull cycle that has now collapsed, with an entire planet of mining companies able to bid for them. The sale of assets that is now over 4 years in the making, with a dwindling number of 'buyers' permitted to bid due to the sanctions/counter sanctions that impact us due to the fact we are a UK company with 'assets' in RUSSIA.
The value that is now only visible to a clutch of deluded pom pom wavers who think every decimation of the share price is a 'top up opportunity', and everyone else in the world of professional and amateur investing who disagrees is a 'deramper' for not grabbing all these 'golden tickets' (showers).
On most days (outside of the blatantly obvious trading pumps that are always 'this is it, leaky leaky' to said pom pom wavers, who end the day both WRONG and disappointed), there are far more chat posts than trades in EUA. Not the sign of a impending multi-billion pound sale in a matter of days is it?
What is it that everyone else is missing that only 'genuine' investors see? The only two things 'missing' here are the BoD and credibility, the penny has already dropped with the shareprice (as expected and very easily predictable to anyone with eyes connected to their brain), it might also drop with the cheerleaders when the Sainted BoD fess up to their catastrophic failure and spew out the suspension RNS while 'continuing with our asset sale strategy in complete confidence of a successful conclusion. Updates and the resumption of trading on the Mongolian Junior Stock Exchange will happen.............Shortly'
Merry Christmas
HL is at 2.65p to buy right now. The spread on here is too wide but the real price is a bit tighter. Might be different for large amounts but my buy for £250.00 worth was 2.65p.
When all the debt disappears, the market will have to readjust. Still needs more marketing from the BoD, very few investors have even heard of MTL based on other chat boards.
All the best
Hasiba
'because GR said in Q&A and stockbox that'.......................Everything after this statement is not worth reading, because if you 'genuinely' believe what GR 'said' is in someway an indication of what is 'actually' happening, I have a pretty metal tower in Paris to sell you.
If GR told me it was going to be a sunny day I'd buy an Umbrella immediately.
Martinigirl
Just checked in after a few days and can see there are still posters 'pretending' dates GR put in agreements with Canmax are irrelevant. They said the same to me, wrongly, when I was concerned that the 1st November came and went with no confirmation that SC6 was being produced (this was the date that Canmax insisted production should be started by at the LATEST, but no, WWP and NellyB refused to accept the FACTS written in the RNS and now we are where we are, SC6-less).
Canmax stated the 1st November because they needed to be sure SC6 was being produced so that 1k tonnes of it would be DELIVERED by the end of November. They give PREM 25 days to get enough of it in bags and delivered to China which should've been more than enough time (GR put the 30th November in the RNS which was WRONG, as Canmax stated the 25th Nov, but then again, GR doesn't care about factual accuracy so it's no surprise).
Now the 25th has been and gone, the muppetry has fired up with blinkered nonsense again, while the share price continues to drop in light of zero confirmation that a revised, revised, revised, amended, tweaked, agreement has been agreed with our creditor.
We are also on the hook to vomit hundreds of millions/billions of new shares onto the market to pay a drilling contractor because we have no cash. It's very difficult to create cash when you have nothing to sell, that is unless your name is George Roach who miraculously comes up with bundles of cash via consistent heavily discounted shareholder destructive dilutions.
Maybe he should buy one of these bucket shops he has a loyalty card for, it'll be the only value adding deal he achieves in his lifetime (apart from all the 'personal' value he's added at the expense of shareholders).
Tick Tock
The only Hotel anyone is getting out of this is a plastic one from a Monopoly Board. The days of 'significant dividends' are long gone.
Never mind, it'll be sold within 3 trading weeks, a number of deluded idiots have staked their 'reputation' on it.
Aldi Beans on Toast all round!
'This is worrying... We know how the last respiratory outbreak in China went!'
What's worrying is that grown adults actually believe this NONSENSE and continue to live in perpetual FEAR because their brains have been 'outsourced' to TV and print news.
It's as if they haven't been paying attention to what governments and controlled media have been instigating since the start of 2020.
Live your life, do NOT comply, and if you want to continue to be a global government slave, put your useless mask on, lock yourself in your house, and leave the rest of us to be HUMAN.
Quick, the news is on, there must be something else for you to be terrified about, go and make a cup of healthy vegan eco friendly tea and eat some locust protein cakes to 'save' the planet. Booster time!! Those brain cells won't kill themselves you know.
Sleep
'We don’t like you'
All cults close ranks and create enemies. The enemy is from within, it's a ROACH. Set a trap, save yourself.
All you need to know about PREM in one statement:
The telegramp group will give you the pros, the shareprice will give you the reality.
Unfortunately, nobody can give Canmax SC6, that's why we are about to be dilute-astated.
So the daily delusion continues. Now it's 'impatient investors' who just can't see how valuable and amazing PREM is, the fact the company is being financially obliterated by a geriatric incompetent is of no concern.
The fact that after yet ANOTHER interview/Q&A with someone who has consistently LIED, the market have marked the price down 10% says it all (with the loyal trumpeters of GR selling and trading in the background no doubt).
More dilution is needed, Canmax are 'probably' going to enforce their right to $1.5 million next week, GR will spew as many shares onto the market as he is legally allowed to (at a significant discount), and the shareprice will drop yet again.
This isn't a Buying Opportunity (as the blinkered idiots keep spouting), it's a quick route to setting fire to shareholders' cash.
Top up if you wish, I'll wait to see how low it goes after the obvious placing being worked as we speak.
GR speaks - shareprice weeps.