Member Info for Yanis2005

Looks like is in danger of breaking the very strong support at 2.80/3.0p on low volume - slow bleed due to lack of buyers.

IMO, if we get no news until next year then the SP in all likelihood will sink to low 2p or less. Senseless!

I hope they issue a TU in the next day or two like they did last year … and I hope the TU is without caveats.

Noel, to answer your question on why it looks a buy to me. Five reasons on why i am comfortable with my position here:

1. See last trading update (6 months to 30 Sep 2021): — Sales up to £2.5 mil (2021: £1.5 mil) — Revenue growth to £1.8 mil, up 29% (2020: £1.4 mil) — Gross margins up to 40% (2020: 27%) — EBTIDA profit of £0.1 mil (2020: £0.28 mil loss) & Cyber division now PROFITABLE on a routine monthly basis..

2. Falanx now has its strongest ever cash position - £5.5 mil (£3.0 mil net of loan) - see last TU.

3. Directors have recently been buying - that gives me a hint.

4. Cyber security sector is hot and expanding.

5. TA - the charts look like they bottomed out to me on a weekly basis. I do not see the SP going significantly lower, if that. Bid at 1.10p should be the bottom. The decline from the recent spike has been on relatively low volume, it will now not take much volume to push the SP substantially up on good news confirming Falanx’s change in fortunes.

2.60p at the bid? Ouch!!!!!!

We need a TU prompto.

UK Oil & Gas Authority seems to be a lot more sane than the Irish equivalent. Transition to renewables is not going to happen overnight, it will take a fair number of years.

Excellent find, thanks Porkpies.

Sanity will in the end prevail IMO … it is insane to be bringing gas from the other side of the planet when you have gas in your own back yard. Strange that this policy comes from a person that claims to be an environmentalist!

Not exploiting their own gas reserves Ireland is doing more harm to the environment whilst people are paying a lot more for the gas. How long can this insane situation last?

Once ..one time

That is right Nom, I was just going to tell HITS that he missed that one out.

For us shareholders and particularly long term, the only way to see recovery of our investment, not to mention a return, is for Angus for just ones … just ones … to stand by a promise and deliver 1st gas by their latest self declared deadline of Feb/mid-March.

Is not much to expect.

EchDelta, for the love of God, if you are not expecting anything why are you here? Does not make sense!

James, not issuing a reconnection plan in November as per last promise is absolutely, totally, 100% inexcusable.

This is a plan that was originally leading to 1st gas last year (August 2020 I think), then the need for the £12 mil funding arose and the plan was redrawn for 1st gas NOW (Dec 2021), then readjusted for Jan 2022, Feb 2022 and we are now told mid-March but still sailing for Feb 2022.

It is extremely simple to let the market know of this plan, at most it needs a little polishing - where is it? Why is it not issued?

Knowing how important this is for transparency to regenerate some market confidence Angus should have issued this and not burry it in an SFB presentation not yet ready and which now they may claim that they need more time to produce. Get the plan out FFS the market needs to see transparency now.

There is obviously a serious reason for not issuing this plan and for falling way behind promised site activity.

Sageman,

Need to avoid gaslighting people - is not an honest way to make money.

You been around for a while and you know the story here. From your posting history, I assume you recently bought back in below 0.8p? If that is the case, well done but gaslighting is another issue.

You state earlier “For my part I am very relaxed and await the next RNS as opposed to listening to self appointed experts who actually "know" SFA and present their suppositions as fact. I await an RNS and actual production like the rest of the market!”

You been around for a while and you do know that (given all history to date) you cannot trust the RNSs or anything else that Angus says.

I think you know very well what will happen when 1st gas deadline slips again in to the future … yes, SFB has the £12 mil funding but that does not pay salaries and keep the lights on. Funds raised in last placing will not last forever. Ofcourse I will be alright Jack … buying in below 0.8p my risk is limited, you may be thinking. (Well, my average is much higher than 0.8p and so is for many other LTHs).

Angus, unless they substantially ramp up site activity and seriously expedite equipment delivery, they will very likely not meet the promised 1st gas deadline of Feb/mid-March - there simply isn’t enough time to build the gas plant by then, unless they work 24/7 seven days a week - are they allowed to do this and would they go for it?

Angus promised that the SFB reconnection plan will be issued in November (2021) and today is the last day of November - another missed promise? It does not take long to polish up a plan that has already been reworked umpteen times.

The £12 mil funding has been available for a while now and equipment was pre-ordered long before the funds were secured - there is really no excuse for further delay - other than pure incompetence.

Noel,

PS: tell FK1 this too. Is not going lower, jump on now.

Noel. If you are not onboard, jump on now - is not going any lower.

EchDelta, what are you smoking? A bit incomprehensible again.

If 1st gas doesn’t’ t flow by March then forget it … is very unlikely for the SP to rerate after that. Angus does need to meet this deadline, there is absolutely no excuse for not doing so … the £12 mil funding has been available for a while now.

Not to meet this deadline means utter incompetence. There is no other excuse - we do know that EA approval is not required until hot commissioning - so no excuse for not meeting the self declared deadline.

Sageman, we need to built a gas plant before we can produce gas. It does take a certain amount of time to build the plant, irrespective of what the CPR and RNS is saying.

Unless site activity is seriously ramped up and equipment delivery is seriously expedited now, we are not going to see 1st gas in Feb/mid-March.

Anyway, Angus now only has tomorrow to issue the long awaited SFB reconnection plan now promised for November. The day after tomorrow we are in December.

EOG had a weekly uptrend that started in Feb/March 2020 - the uptrend support line was broken last week. It remains broken.

SP is suffering a slow bleed, due to radio silence normally - IMO, people get fed up and cash in, normally at a loss.

Big mistake in not shouting Wressle success from the rooftops and for our sake I hope they stop talking about acquisitions … wait until is concluded before announcing anything.

UJO (and EGD) have their woes. EOG is in far far better position fundamentally than those two.

Not all AIM oil stocks are down, take a look at the Zephyr Energy chart for example (I don’t own any Zephyr shares, is just for comparison). This is one of the stocks with good PR..

Crocqman, fully agree. It will indeed n be too naive to assume that success (particularly as in us shareholders making money) is guaranteed because of the £12 mil funding facility.

Angus needs to get their skates on and deliver 1st gas as per last promise - only this will improve our odds of making money as shareholders.

NeoGeo, the point here is not whether or not SFB will be delivered at some time in the distant future.

The issue here is … will an investor here make money? The answer to this is not that straight forward.

Angus started with 200 odd million shares and was not meant to increase that, was meant to live off cash from operations (Lidsey was meant to keep the lights on). Angus now has circa one billion shares following last placing.

What if the delay in starting SFB forces them in to another huge placing? Say at 0.6p or less. Will we be making money then?

No excuses … SFB MUST start producing gas in Q1 2022 as in latest promise and no later. Else?

“Could any other CEO delivered anything different on those assets”

The answer is Yes. Another CEO can deliver better PR. Yes PR.

Is not the fundamentals that matter … is the people’s perception of the fundamental that drives the SP - market sentiment.

SO is not the man to boost market sentiment, every time he speaks the SP gets a knock.

Constantly talking about acquisitions hurts the SP - simple, it instills fear of placing. Wressle windfall sentiment boost wrecked because of the fandom North Sea acquisition that was imminent months ago and never materialised. He didn’t’ t even correct this after it failed.

Needs somebody that knows what the market needs, else we are never going to see any shareholder value (as measured by the value of the SP).

Ocelot, not enough time for 15 March either, for this to happen we need to see equipment delivery and serious ramp up of site activity now.