Member Info for ZaphodBeeblebrox

Enrico Pallazo is a serial pumper/dumper. I remember his antics at ROCK.

Just had a read of the Turner Pope research note, and it sounds a lot more upbeat than their last one.
Good call Pickuzawinnah, and nice summary!
Thanks for sharing Max111.

The moneygrabbers at the Australian Securities and Investments Commissions want payment for further info!

Extracted from ASIC's database at AEST 17:59:29 on 20/05/2021
Company Summary
Name: WINDFIELD METALS PTY LTD
ACN: 620 530 538
ABN: 71 620 530 538
Registration Date: 18/07/2017
Next Review Date: 18/07/2021
Status: Registered
Type: Australian Proprietary Company, Limited By Shares
Locality of Registered Office: SYDNEY NSW 2000
Regulator: Australian Securities & Investments Commission
Further information relating to this organisation may be purchased from ASIC

As red381 just listed, Windfield Metals Pty Ltd has an amazingly uninformative and nondescript website at http://windfieldmetals.com/ which lists their business address as
LEVEL 1, 61 STATION STREET
MALVERN VICTORIA 3144
EMAIL: INFO@WINDFIELDMETALS.COM

Do they have any relations to Windfield Holdings Pty Ltd I wonder? https://www.bloomberg.com/profile/company/0623580D:AU
Windfield Holdings Pty Ltd operates as a holding company. The Company, through its subsidiaries, manufactures household appliances, BUT has listed as board members Zou Jun (also CFO of Tianqi Lithium Corporation) and Wu Vivian (Former President/CEO of Tianqi Lithium). Incorporated on 21Sept 2012, business address 37 St Georges Terrace Level 4 Perth, WA 6000 Australia.

More digging required (No pun intended :-)

Great update. Looking very promising and should underpin a rerate in the share price.

Mine production started, 300% increase in forecast annual production, and further nearfield exploration to underpin resource numbers and extend mine life - what's not to like.
Looks like a nice little earner this one.

Anglo-African Oil and Gas Ltd (AAOG) shares were cancelled from AIM yesterday, 5/5/2021.
Sarah Cope, the acting chair, with 3 Forum directors including Paul Forrest, is now a NED at Helium One (HE1)on AIM.
She was the only non-Forum-related director but Paul Forrest would have been in the driving seat. This cancellation of AAOG from trading, along with a simultaneous option for AAOG to buy 25% of Saltfleetby gas field at an inflated price of £8million plus £1 million cash, despite its market value at suspension being only £1.5 million, must be the work of Paul Forrest and cronies. Angus Energy (ANGS) owns 51% of Saltfleetby and has a market cap of less than £8 million so you work out the maths, so 25% should be worth less than £4million. Further evidence of unethical behaviour lies at Companies House where Paul Forrest ( as Secretary and Financial Director) incorporated Saltfleetby Energy Europe Ltd., on 12/10/2020, presumably to move AAOG assets into.
https://find-and-update.company-information.service.gov.uk/company/12943680

At the very least, Sarah Cope had a fiduciary duty to report this to the FCA and the shareholders, as well as provide regular reports on efforts to find an asset to RTO into,which she also failed to do.

Other posters such as gkb47 have alluded to the complex tissue of company connections and directorships of Paul Forrest and cronies. It would be wise to look into these further, for the future health of Angus Energy and its shareholders, dont you think.
All the best, Z

PS I noticed my 09:26 post was removed, I wonder why?

No one likes a discounted placing but I believe it is the right thing to do for the company at this stage. Drilling at Copperhead and Copperdome should generate a lot of excitement later in the year, whereas further work at Plateau may underpin and accelerate plans for early production and may attract a partner with deeper pockets. Should be an interesting 2021.

Spacetomato - no Sarah Cope doesnt get all the blame for AAOG, previous directors David Sefton and James Berwick of ATOG get some. But she became acting chair and brought on Paul Forrest and other Forum Energy related board members who have pulled a fast one. She must have known about it so why no shareholder communications?

deepblue and mdrake etc - I agree that the board is generally pretty good. Am looking forward to the drilling results! The double posting was because my first attempt didnt appear for a couple of minutes - sorry!

I am so disappointed in both Sarah Cope and Paul Forrest.
Looks like Paul Forrest deliberately pulled a fast one, and Sarah Cope allowed it to happen.
I have posted about this at ANGS and HE1 as shareholders there can investigate and do something about it.
Directors such as these, as well as David Sefton and James Berwick, who have DELIBERATELY caused such shareholder value destruction, should be permanently barred from directorships, if not in jail. imho.

MR. Spacetomato, thankyou for your kind offer of a cookie. Where do I pick it up?
I only post when I have something to say, and you seem a smart chap, as we seem to be invested in at least 3 of the same companies. It seems you only found out about HE1 in April whereas I have know about it since the idea was spawned from a research project at Durham and Oxford universities.
Regarding HE1 NED and AAOG chair Sarah Cope, I gave her every benefit of the doubt until yesterday's debacle at AAOG.
Disclaimer - I am not a daytrader so I have no interest in ramping or deramping.

Let me add I am a well-wisher of HE1 and am from an exploration background myself. I even know some of the geologists involved with the early technical work. I believe HE1 deserves the best possible board, and that does not seem to be currently the case when looking at what happened at AAOG just this week.

Let me add, I am a well-wisher to HE1, I know some of the geologists involved in the early technical work on helium in Africa, and I am from an exploration background myself. I just think that the board needs to be as strong as possible.

Some factual information for HE1 investors.
Anglo-African Oil and Gas Ltd (AAOG) shares were cancelled from AIM yesterday, 5/5/2021.
Sarah Cope was the acting chair of AAOG, and is a NED at Helium One (HE1)on AIM.
AAOG RNS'd that it had an option to buy 25% of Saltfleetby gas field in the UK for £8million in shares plus a £1 million cash, despite its market value at suspension being only £1.5 million. Angus Energy (ANGS) owns 51% of Saltfleetby and has a market cap of less than £8 million.
The shareholders at AAOG have suffered almost total shareholder value destruction over the past two years, while Copewas on the board.

sell price up from 42p to 48 p and heading north

I don't remember Petroceltic, but am amazed it got past the High Court of Ireland. Makes you wonder about the integrity of the judiciary as well as the toothless regulatory framework in the face of this sort of unethical behaviour by the major shareholder.
Ultio dulcis est

Looks like Paul Forrest set up Saltfleetby Energy Europe Ltd. in October 2020, a full 7 months ago.
Sherlock Holmes would surely ask :"Was this delisting drama just a set up to defraud the current investors?"
WHAT ARE WE GOING TO DO ABOUT IT?

NOTE 15:59 5/5/21 Jamie Fleeman post link:
https://find-and-update.company-information.service.gov.uk/company/12943680
Incorporated on 12/10/2020 by , Mr Paul Forrest, as Secretary and Financial Director.
Saltfleetby Energy Europe Ltd.
Company Number 12943680
Registered office address
Second Floor - 32 Grosvenor Gardens, London, United Kingdom, SW1W 0DH
Company status
Active
Company type
Private limited Company
Incorporated on
12 October 2020
Accounts
First accounts made up to 31 October 2021
due by 12 July 2022
Nature of business (SIC)
06100 - Extraction of crude petroleum
06200 - Extraction of natural gas

gkb47
I thought both Forum companies were subsidiaries of the same group!
Will have to dig further into this tomorrow.

Sorry, AAOG seem to be paying a notional £9.5 million for 25% of Saltfleetby, which is worth £4million at most, using the market cap of Angus to provide a valuation for their 51%. So paying almost double what it should cost them.
Just correcting my previous statement! Excuse late night fatigue!

Just a late night look at some of these numbers, around the option to gain 25% interest in Saltfleetbygas field, seeing as some faulty calculations seem to be circulating.
AAOG - suspended at 0.3 p and 499 million shares equals a mcap of approx £1.5 m. Controlled by Forum, part of a large Filipino mining/oil and gas conglomerate if memory serves me correctly.
Angus Energy owns 51% of Saltfleetby and has a market cap of £8 million
SEL (Forum) 49%.
So if Angus' 51% is fully captured in their mcap the max value of 100% Saltfleetby is approx £16 million.

If AAOG (also Forum, just like SEL) take 25% of Saltfleetby field for £1.5m+ £8 m (shares) +1m raise =£10.5 million, then AAOG (Forum) have agreed to overpay themselves at SEL (also forum) by £6.5 million.

Isnt this a crooked deal that should be reported to the FCA?

Just asking for a friend.