Member Info for Yanis2005

This explains the lack of shares available for trading and the buying above the ask. Impressive shareholder list.

MPL Share Information at 31 December 2018

HUNCH VENTURES……………………….……………..21.75%
M&G INVESTMENTS MANAGEMENT LTD……………..18.21%
LEGAL & GENERAL INVESTMENT MANAGEMENT….12.31%
SCHRODER INVESTMENT MANAGEMENT……………….9.94%
MITON ASSET MANAGEMENT LTD………………………….9.67%
CANACCORD GENIUTY WEALTH MANAGEMENT…....…..7.59%
SKIL GLOBAL PORTS & LOGISTICS LIMITED………………5.16%
BRITISH STEEL PENSION FUND………………..……………3.81%
_______
88.44%

https://www.mercpl.com/article/shareholder-information/7

Ha ha, gkb one has to laugh I suppose. What a shambles!

Gkb, they must have read my message already!

youngba, you are right. He is now listed, they must have read my message already!

Lol Baits, Paul Vonk as far as we know has 3.7% of the shares, no RNS to tell us otherwise. If his holding is reduced to below 3% he HAS to file a TR-1 - fact.

Everybody that owns more than 3% (you and me included, if we were lucky enough to owe more than 3%) must be listed on the Angus website under major shareholders (AIM rule 26).

The fact that Vonk is not listed implies something not proper. He would not be allowed to sell because of the testing “Closed in period”.

Baits, AIM rule 26 - they are showing “major shareholders” and you or me if we had more than 3% we will be shown up there. Major Shareholders, shares not in public hands is different.

Just ciontacted them with the following message on their website:

It’s me again. The share price collapsed and I have been asking for an update on Brockham but as yet nothing.

Now, you have removed Paul Vonk (who until very recently was listed as having 3.7%) from the list of major shareholders on your website without an RNS’d TR-1. Please clarify this to the market within your update or independently. If not clarified within 2 working days, I will be contacting AIM Regulation for an explanation. Thank you.

E_AL, agreed, but Angus stil has to explain why Vonk was removed from the list of major shareholders. I will be asking them this question.

K3VMC, then how did they change the list of major shareholders on the ANGUS website without Vonk’s TR-1? They should not change that list unless they have the TR-1 at hand. If the TR-1 is at hand, then they should have RNS’d it at the same time.

Wolf, very nicely put. The BOD is now doing something against AIM regulations. They should have filed a TR-1 at the same time as removing him from the list.

He was listed as owing 3.7% until recently. His shares cannot simply vanish, he has to be listed as a major shareholder - or- file a TR-1 if he sold. Is one or the other - AIM rules.

He cannot sell any shares and drop below the 3% without filing a TR-1 - Fact.

This is another thing the BOD has to explain.

E_AL,

We are in the same boat , indeed, but the boat has a little hole and we have differing views on how to plug the hole.

I believe that the hole will be plugged with an update from Angus and have been contacting Angus to issue one, and asked others to do the same (see the first post in this tread). The aim of this tread was to encourage people to contact Angus asking for an update too, nothing else.

However, other people disagree with this because of fear that if Angus admits to a problem at Brockham then the SP will be further damaged.

On the contrary. My view is the opposite. I think that we can all agree that there is an issue at Brockham - is a fact that every shareholder (or ex-shareholder) knows by now (otherwise oil would be now flowing).

I believe that if Angus issues an update and admits to the issue and clearly explains the problem and the way forward, clarify their solution and give some guidance, the SP will stabilise and reverse direction.

A good update, at this stage, will also show the new MD credentials - he has stated improving shareholder communications in his letter - possibly adding further confidence.

We all want an update but some are choosing to sit on the sidelines and wait.

Well, I want to try and do something to protect my investment ... even if this something is simply contacting Angus and reminding them to do their job and issue this update which by all logical expectation should have done already. The more PIs do this, the more of a chance. IMO. GLA.

russell, agree, it is inconceivable that Brockham is a duster. The oil is there and it will come out. They obviously encountered a problem which they should be able to rectify. By keeping quiet about it the market thinks the worst. Un update will remove the uncertainty and help the SP.

mmhater, this week I took the opportunity and added some more at 6.75p, but that is it I don't have unlimited cash to keep adding. Time for the update and the SP reversal.

E_AL,

I imagine you are addressing me.I don't believe for a moment that what we are discussing here affects the SP.
I am at a loss on my Angus investment atm, but I do not like to bury me head in the sand ... the fact is the SP is drifting down under significant sales pressure. These substantial sales are not coming from the people on this BB.

The SP is drifting down because of uncertainty caused by the lack of an update when under any logical expectation there should be one.

If I can do something to protect my investment I will do it ... even if it is petitioning the BOD to do their job. But feel free to differ. GLA.

Pboo,

A lot of people (me included) appreciate those reports. Please don't stop..

mmhater,

We still have Balcombe and that alone is worth more than the current price, but is sometime off in to the future.

If they keep silent, the SP will definitely see the lows. We have support at 6.75p. Below that is 5.25p and then 4.25p.

We are drifting down (due to uncertainty). Currently the bid is at 6.6p.

If no update next week then by the coming Friday, the SP might be at the next support (5.25p).

But is ok, don't ask for an update ... just sit and patiently wait for the RNS ... whenever that might be.

darko, you don't sound like a shareholder. You sound like somebody that has an interest in seeing the SP going down.

mmhater,

Brockham failure has already been priced in. If they keep quiet the SP will just keep drifting down ... and the all time low of 4.5p is not far off from here. A new low is possible if the silence continues.

If they update the market now, explain the issue and their plans for moving forward with the test then the SP will stabilize. What's driving the share price down now is not knowing ... is the uncertainty.

The lack of an update on Brockham is completely unacceptable.

The Angus BOD categorically stated that oil was going to be flowing before last Xmas and is not. If there are issues at Brockham (price sensitive info) then they should disclose that to the market immediately as per AIM regulations.

The Angus BOD has crushed the SP with their actions. They continue damaging the SP with their silence on Brockham.

They must issue an update. To continue with this silence is folly.

Genuine PIs should contact Angus asking for them to update the market. If they get inundated with requests they will have no choice but to act.

Contact them via telephone, email or directly on their website.

Tel: +44 (0) 208 899 6380 Email: info@angusenergy.co.uk

http://www.angusenergy.co.uk/contact/