Member Info for Yanis2005

Oktane, spot on - adding to winners is a lot more profitable than adding to losers, I learned that already. I am in the averaged down situation with a couple of stocks, Angus is one of them, both heavy exposure and are weighing heavily on my portfolio. Patience run out though, within a couple of months I will cut both and move on if the situation does not change. Had Angus stock for about 5 years now, and constantly under.

Oktane, I fully agree with you.

In my case, bar a very short period after my first buy, I was never in a position to sell at a profit. The SP plummeted and I averaged down rather than cutting losses. Then the exposure was too big to cut. In £100k at the moment and right now £40k underwater. I have now set a time limit which is end of next month, if I am not in profit be then I will sell out no matter what my losses will be at that time.

BV, mate, unlike you to me what matters is the SP.

Fundamentals are immaterial if the SP does not respond, and, just now the MCAP has been doubled whilst the SP fell.

Angs now has 2.3 billion shares in issue and an SP of 1p (1.05 to be exact). When I first bought in, Angs had 0.3 billion shares and an SP in double digits.

Certainly, right now, the SP as we were expecting it should have been in excess of 2p, but is not, is sitting at 1p. Why? - Last 61 million share placing, GP bailing out & now the doubling of the float.

Is this the end of SP knocking down surprises?

Ofcourse, I am very concerned at the SP status right now.

Looks like the SP is stuck down here for now. Where next?

This last share has effectively doubled the float to 2.3 billion shares. Effectively doubled the MCAP to £25 mil.

Doubling theMCap again to £50 mil will result to an SP of 2.2p.

Oktane, makes sense. I hope I am not forced to cut huge losses at this level.

If the selling pressure continues it will mean that the subscriber (Aleph?) is not holding on to his 1.09p priced shares. I don’t see why they would that though because they will be loosing money.

HITS, apologies again. I reread the RNS paying a bit more attention.

The way I read it now, we have the following share issues:

Acquisition:
- 91 mil @ 1.09p (unlocked)
- 546 mil @ 1.20p (LOCKED)

Subscription:
- 546 mil @ 1.09p (unlocked)

Lender shares:
- 5 mil (unlocked)

Total share issue:

- 546 mil - LOCKED
- 91 mil + 546 mil + 5 mil = 642 mil unlocked

This is a total share issue of 1,188 million = 1.188. BILLION

and out of these 642 million can be sold anytime.

Hence the explanation of why the SP is where it is.

HITS, thanks for helping me clarify this - appreciated.

HITS, your last post lost me completely.

How do you get 915 million. There are 546 million 91 million (637 total) issued to Aleph. Where are the other 278 million coming from?

HITS, apologies.

I reread the RNS and looks like there are errors in the RNS - looks like no shares are being issued at 1.20p - they are ALL issued at 1.09p. The price of 1.20p stated in the summary MUST be wrong because it does not add up with anything else stated in the RNS.

This deserves an IQ to clarify.

But, in all likelihood all 673 million shares are issued at 1.09p. 546 million of these are meant to be locked.

Yet, apparently there are more than 91 million pumped in to the market - WHY? Deja vu alright.

HITS, I think these are issued at 1.20p. Here is the summary:

“T he total effective consideration payable pursuant to the SPA is the sum of £14,052,000, which comprises:



· £250,000 to be paid in cash at Completion;

· the issue of 91 million Ordinary Shares at 1.09896011 pence per share (the "Funding Price") at Completion (the "Initial Consideration Shares");

· the issue and allotment of the 546,000,000 Ordinary Shares at a price of 1.2 pence per Ordinary Share (the ("Acquisition Price") at Completion (the "Additional Consideration Shares") which are subject to lock-up provisions detailed below; and

· up to £6,250,000 deferred consideration to be paid in instalments from net cash payments to Angus Energy from the Project through to 31 March 2025 (and subject to an upward or downward net cash adjustment) as and when those payments would have been available to SEL under the Company's Senior Debt Facility of May 2021.”

Is only 91 million shares that are issued at 1.09p. The 273 million are part of the 546 million to be issued at 1.20p and locked.

There is not enough authority to issue the 91 mil @ 1.09p + the 546 mil @ 1.20p, hence the EGM to approve the additional 273 million.

So, I am concerned as to who is now selling large amounts at this relatively low SP level. The 91 mil shares no doubt they are gone after yesterday’s record volumes and large trades. Yet, we have MMs sitting at the Ask at 1.10p - does not make sense to me. For me is beginning to feel like deja vu.

Angus podcast - GL and Zak Mir

https://embeds.audioboom.com/posts/8089595/embed/v4

HITS, are the additional 273 million shares to be issued at 1.09p or 1.20p? I read it as 1.20p - did I read wrong?

Takeover by who though?

Tiptop, do you mean that the SP will go even lower to enable a cheap takeover? Is this what you are saying?

SP down. Chart changed from very bullish to bearish, the SP needs to close in positive territory to arrest the drop.

This excessive drop does not make sense - 91 million shares to be issued this coming Friday.

We had a single trade in excess of 91 million shares and another trade bigger than 80 million, total daily volume of more than 300 million shares, largest ever, record volume. Plus more than 30 million shares in after hours trades. Yet the Bid is sitting at 1.05p - WHY?

Can anybody explain this?

More than 300 million volume … Highest volume ever, record breaking

Marcy got his post wrong? - the 546 million are at 1.20p and not 1.09….p

I am now offered to buy 5 mil shares at 1.175p - does not feel right after today’s volume (more than 290 millions so far). Still puzzling.

Bid needs to move up

Ocelot, is puzzling but at least the loose stock is now gone. We should move up from here.