Member Info for Yanis2005

EchDelta, still does not make sense - there aren’t any shorters here and nobody is mad enough to buy the shares at 0.65p and sell them lower!

It is time shareholders got tough with Lucan, take the gloves off and ask tough questions. Obviously Lucan “doing his best” is not good enough.

And today’s tweets imply that he is still trying to put wool over our eyes.

EchDelta, that post does not make sense - if a deadline is never going to be met then there is no hope here, the SP will never appreciate.

Only when a deadline is met will the SP start going up - there have been too many failures, too many missed deadlines. You know the story of the boy that cried wolf too many times?

Puzzled

It is now December, only about two months before SFB first gas at the end of February. Only about two months before a substantial amount of revenues from high gas prices will start coming in, according to the plan.

Yet, in this month, as we are heading for Christmas and new year, we had an unexpected placing at near all time low Share Price (SP) level that crushed the SP. Before the shares from this placing are fully dispersed we now have an RNS that brings the GM forward by two months (from March to January) in order to get shareholder authority to issue more shares.

This, just before 1st gas at the end of February does not bode well – why the hurry to issue more shares and further dilute the shareholder base? Why can this GM not wait until March?

Angus priority should have been and should be getting SFB to 1st gas. To spend significant amount of money on other ventures (Lidsey, Brockham, Geothermal) is not to shareholder’s best interest if it further dilutes the shareholder base. Substantial spending on these projects can wait until SFB is up and running.

Puzzled by the placing and today’s RNS practically just before 1st gas. It appears as if there is a significant issue/problem with SFB 1st gas. My questions are as follows:

1. EA approval was expected by latest 17th December and this date has passed. Is there an update on this? When is EA approval now expected?
2. The SFB Civil Works contract was meant to be awarded by mid-December and this has now passed. Was this contract awarded? If not, when is it now going to be awarded, or is it dependent on EA approval?
3. Has the SFB £12 mil funding being underestimated?
4. Is the end of February deadline for 1st gas going to be met?
5. George Lucan promised months ago on a Proactive interview that the directors will buy shares to support the shareholders but as of yet we had no significant director buys and George Lucan has not bought any yet. Is the reason for not buying the pending placings and shareholder base dilution?
Thank you.

EchDelta, with the SP at this near all-time level and extremely unlikely to move up before serious work towards a believable 1st gas date occurs, at what level SP do you think the next placing will take place?

I can see us competing with ukog!

This announcement today should have been SFB CivilContract awarded - we are well past the middle of December!.

HITS, this is infuriating and another slap in the face.

IMO completely unnecessary as all focus at this present time should be on SFB - f*ck Lidsey, Brockham & geothermal right now - absolutely no need to dilute the shareholder base further to advance any of those - is not prudent.

Placing shares from the recent placing which is being carried out near all time low have not been dispersed yet. This announcement today is not helping dispersion at higher SP so the SP will sink lower. Crazy in my book.

The £12 mil funding is largely in p[lace, not all money has been spent and some of that money should be marked for abandonment? Have they got the cost estimate wrong again?

EchDelta, another p[acing before 1st gas is not good for us. 1st gas in May is not good for us. Problem with EA approval?

HITS, I wasn’t aware that the GM was planned for March - have they previously announced a March GM?

Leading up to Christmas and New Year.

December - the month that straight after the £12 mil funding was approved was marked as a commissioning/1st gas month. A month in which the SP was meant to be flying high.

Instead we had a placing that knocked the SP near all-time low. Now in the same month another RNS that indicates a hurry for permission to issue more shares … as we near recently flouted revised 1st Gas deadline - WHY?

Why a hurry to get permission to issue more shares before 1st gas? Just a month before? Does not make sense!

What about all the money that will come in from gas sales before the hedge kicks-in”? Or has Angus given up on this?”

Very disappointed.

Enough for today. Clocking off.

Have a nice weekend all.

Baits, I know you have been involved in Angus for a very long time now, so you must know Angus very well.

I agree in that if you are entering Angus now and taking a punt upside potential is better than downside risk.

However, if you have been here for a long time now and currently heavily under after many add ons, the situation is totally different as you stand to loose the hell of a lot more than the newcomers at this level if Angus goes tits up.

Angus has a contractual obligation with a hedge that kicks in sometime in the middle of next year. If Angus is not producing gas by then then in all likelihood is lights out. Time is not in Angus favour.

Nobody is doubting here that EA approval will be given … the question is WHEN?

If it doesn’t arrive in time then is game over. You been in this market for a while and you know how EA operates.

Expressing concerns about this does not warrant a “BOOOOO OK WHO WET THEIR PANTS”.

Baits, it is fine if you are coming now and looking for a swing. Not that is anything wrong with that, but I see you here when the SP drops significantly and then you disappear when the SP goes up a bit. You are back here again when the SP drops again.

Nothing wrong with trading but please do not gaslight.

My last top is now 50% down. Bid at 0.55p! Will we see a new ALL-TIME LOW by Christmas?

The failure of EA approval by today is now playing out.

This failure is very serious for us shareholders and in my book is inexcusable. Why wasn’t the EA application filed much earlier given the importance of this to 1st gas?

Thinking about GP Guernsey, they may indeed be another Rupert Labrum that got caught. They wanted just over 10% shareholding when they came in to Angus. They bought and bought until they reached the 10%+ and this drove the SP to near 1.6p … then the placing at 1p and it appeared that they did not know about this placing in advance. So, another 1p placing was done just for them to get them back up to 10%+.

I do not think that GP Guernsey was expecting the SP to fall back down below 1p due to all these delays. They did not bother to add after the last shares were issued that dropped them to just below 10% … and they are not bothering to add now at these near all-time low prices. What does this say? Are they thinking “Have we been done”? Just like we do?

BV mate, “I'm sure the major shareholders have far more to lose if it all goes tits up IMO.”

I heart this one before but doesn’t really mean much, other than if I loose it all somebody else will loose more. Let’s look at the major shareholders:

Spreadex - OUCH
Knowe - part of the Angus foundation been there since day 1
GP Guernsey - They are not now bothering to raise their shareholding back up to above 10%. Current shareholding now 8.64%. - What if they are another Rupert Labrum and got caught?

Morning BV, I though you will only be posting on updates? You cannot help yourself can you? :)

I don’t think so mate. Had Angus received EA approval would have announced it from the rooftops - we would have known by now.

BTW, Where are the new recruits that loaded up at circa 0.7/0.8p? Haven’t seen them here for a few days.

Cannot blame COVID for this.

Had Angus been in constant discussion with the EA, as they said that they are doing, then they would have known.

Angus now needs to update the markets asap about EA status before the SP makes a new all-time low.

James, as I said earlier, I doubt that Angus will start the Civil Works without the EA approval.

Also, isn’t the Civil Works contract meant to be awarded by mid-December?

Today is the 17th - a deadline stated by Angus for receiving EA approval.

Where is it?

We should at least get an announcement from Angus to explain this delay.

BV, has that paint dried?

4 - the number of trades today.