Member Info for Yanis2005

Degsie, IPO before end of August?

On what basis? TBS drilling is not completed yet and JORCs are not in.

If it is 6 weeks then it takes us to 31 August. JORCs in September?

Sageman, fully agree and I am looking for the same SP range too. I think we are very close to achieving that, provided SFB start successfully in Feb then we should be there within months after that. Been a long wait.

Thanks Noobz, so they started on or before 20 July, over 3 weeks ago and aiming to drill 125 holes for a total of 1000m.

Anybody knows how long this will roughly take?

Thanks Elir, was the TBS start RNS’ed?

Do we know if they started drilling yet?

Ohh …. Keep singing the same tune. I give up, keep the negativity up.

This is AIM, if you are here to make money, take note.

Mirasol, I appreciate the frustration with Angus performance so far, but this time is different.

I think we can all agree that SFB is make or break for Angus and I think the BOD knows that. They will succeed, after all, with only £8 mil MCap, they managed to raise a £12 mil loan and this in itself is quite an achievement.

This latest hick up of 1 month delay is nothing compared to previous frustrations and is down to an underestimate of the lead time of specialist equipment (and this very likely is down to the Engineering Contractor).

Right now most AIM stocks are drifting sideways to down, Angus is not the only one, is the summer lull. Soon it will change.

For me, this is n opportunity -if the ask drops down to 0.85p again, I will be adding more. The SP WILL GO UP as we near first gas.

The market seems to be quite content at the moment, no sellers - we are where we have been for the last 6 months. Give it a few more days and the SP will be firmly above 1p.

People can try to make this out to be a big issue - is not - 1st gas slipped from Jan to Feb, is nothing & don’t be surprised if 1st gas still happens in Jan, IMO.

BV, I believe that this mistake is down to their Engineering Contractor - underestimated the lead time for specialist equipment, result up to 6 weeks delay.

Is annoying, but is not that big of an issue - the SP today is where it was two days ago and within the range where we have been in the last 6 months. Give it another 3 or 4 weeks and the SP will start going up.

BV, have you sold out or are you just annoyed? I do understand the worry but relax it should work out in the end. We waited this long (years) what’s another few weeks?

Brixton, share price down? Share price is where it was the day before yesterday, the share price is where it has been during the last 6 months. Is not good news, bad is not bad news either. If it drops lower, I will be adding.

Very interesting indeed, time to buy more before news land.

Is this good news? No, good news would have been if first gas was in November this year.

Is this bad news? Not really, is a small delay - they allowed 18 weeks for specialist deliveries and turned out to be up to 24 weeks. Is not a disaster - it will cost a bit in potential revenue and servicing of the loan, but definitely not a disaster.

The way I see it is that their engineering contractor underestimated the lead time on these items. Not the first time that this happened and it happens to the best of the companies out there, including Shell & BP.

If they now get to do the sidetrack (bids are in) before then and is successful then is sparks time - get the Champaign ready :)

Personally I am not worried about this short delay (even after taking in to consideration Angus past failures) as I believe that this time round things are different.

If the SP dips further then I will be adding more to average down lower (currently at 2.4p average).

Patience and GLTA.

James, I think GL needs another stern reminder.

Very true James and the starting shot has already been fired. Soon the SP will be firmly above 1p and then onwards and upwards.This is AIM, as the good news start flooding in the SP will respond …. By going up.

IMO, Law suit or no law suit … the fact is that Angus with an £8mil MCap closed a £12 mil funding deal and this money is now available to bring SFB in to production. As SFB equipment is been delivered and is getting closer to commissioning the SP will appreciate. Market sentiment will change.

This law suit (which was announced in the 9th June RNS) is insignificant and so far judging by the market action is irrelevant to SP appreciation.

The SP will be going up as the SFB news are coming in. Director buys will accelerate that.

Martin was bragging about the SP doubling every time he does a placing but the SP did not double this time though. Looks like the market did not at all like the Labrador acquisition and the small placing for it (a placing that wasn’t meant to happen).

Also, no need to participate in placings as anybody interested can now buy cheaper than placing SP. The question now is, since the wheels have fallen off how low is the SP going to go? Will it stop at 8p?

IMO, if Labrador did not happen the SP would have been in the teens now. But what do I know?

Do we know if NRW are happy with the recently submitted information? They have dragged their feet on this and a decision is well overdue.

Is time to send a few more reminders on Director buys, is long overdue now - GL promised that months ago.

Is really time to show the market how much undervalued Angus is, put their money where their mouth is.

Time for a reminder.